4107 Melrose Ct, Melbourne
Brevard County Real Estate - Patrick AFB
Patrick Air Force Base is in East Central Florida. It's population as recorded in the 2010 Census was 1,222. Patrick Afb is approximately 51 miles from Orlando (population 238,300) and around 14 miles from Palm Bay (population 103,190).
The median age for residents of Patrick Afb is 24.2. Around 59% of Patrick Afb households include school aged children and 3.4% of households include individuals aged 65 years or over. Census records indicate 77.1% of the Patrick Afb population are White, 11.7% are Black or African American, .9% American Indian, 1.8% Asian and 5.9% are Two or more Races.
There are 462 housing units in Patrick Afb. 115 (24.8%) of these were reported as vacant in the 2010 Census. There are 361 residential rental units in Patrick Afb. 342 of them were occupied in 2010 providing a residential rental vacancy rate of 5.3%.
Patrick Afb links:
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Brevard County
Brevard County is located in the East Central Florida region, along with Orange, Volusia, Sumter, Seminole, Lake, and Osceola counties. There are many incorporated municipalities in Brevard. Cities include Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, and West Melbourne. The towns in Brevard are Grant-Valkaria, Indiatlantic, Malabar, Melbourne Beach, Melbourne Village, and Palm Shores. Brevard?s population is well over half a million.
Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. Top public sector employers for Brevard County are the Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc., United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation.
Kennedy Space Center is located on Merritt Island in Brevard County and provides many jobs for the area, as well as acting as a popular tourist destination. It is from this activity that Brevard takes its nickname, the Space Coast. Nicknamed "Space City USA", the city of Titusville is across the water from KSC. The city?s population is highly-educated. The city is a popular destination for visitors wishing to see spacecraft launches.
Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, the Merritt Island National Wildlife Refuge, and Cocoa Beach. Port Canaveral is serviced by Disney Cruise Lines, Carnival, and Royal Caribbean. Not just a tourist destination, the port is within a foreign trade zone.
In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. RealtyTrac rated Brevard as the best county in the United States for buyers in 2013 because of the low prices.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 4113 Melrose Ct | Single Family | 3,264 | A |
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| 4103 Melrose Ct | Single Family | 2,663 | A |
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| 4117 Melrose Ct | Single Family | 2,703 | A |
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| 4104 Melrose Ct | Single Family | 2,817 | A |
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| 4311 Stoney Point Rd | Single Family | 2,851 | A |
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| 4301 Stoney Point Rd | Single Family | 2,720 | A |
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| 4108 Melrose Ct | Single Family | 2,676 | A |
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| 4112 Melrose Ct | Single Family | 2,557 | A |
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| 4291 Stoney Point Rd | Single Family | 2,814 | A |
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| 4321 Stoney Point Rd | Single Family | 2,694 | A |
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| 4121 Melrose Ct | Single Family | 2,454 | A |
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| 4116 Melrose Ct | Single Family | 2,285 | A |
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| 4281 Stoney Point Rd | Single Family | 2,516 | A |
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| 4331 Stoney Point Rd | Single Family | 2,860 | A |
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| 4120 Melrose Ct | Single Family | 2,822 | A |
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| 4271 Stoney Point Rd | Single Family | 2,300 | A |
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| 4125 Melrose Ct | Single Family | 2,626 | A |
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| 4310 Stoney Point Rd | Single Family | 1,963 | A |
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| 4320 Stoney Point Rd | Single Family | 2,702 | A |
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| 4351 Stoney Point Rd | Single Family | 2,755 | A |
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| 4124 Melrose Ct | Single Family | 2,696 | A |
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| 4300 Stoney Point Rd | Single Family | 2,249 | A |
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| 4261 Stoney Point Rd | Single Family | 2,526 | A |
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| 4290 Stoney Point Rd | Single Family | 2,538 | A |
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| 4071 Stoney Point Rd | Single Family | 2,831 | A |
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| 4330 Stoney Point Rd | Single Family | 3,081 | A |
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| 4081 Stoney Point Rd | Single Family | 2,631 | A |
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| 4129 Melrose Ct | Single Family | 2,713 | A |
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| 4280 Stoney Point Rd | Single Family | 2,376 | A |
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| 4061 Stoney Point Rd | Single Family | 2,412 | A |
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| 4091 Stoney Point Rd | Single Family | 2,568 | A |
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| 4270 Stoney Point Rd | Single Family | 3,769 | A |
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| 4101 Stoney Point Rd | Single Family | 2,383 | A |
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| 4128 Melrose Ct | Single Family | 2,171 | A |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 940 Wimbledon Dr | .45 | 1,628 | $519,900 |
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| 816 Spanish Cove Dr | .85 | 2,185 | $699,900 |
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| 798 Spanish Cove Dr | .89 | 2,196 | $624,900 |
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| 727 Spring Lake Dr | 1.06 | 2,373 | $590,000 |
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| 743 Pine Island Dr | 1.38 | 1,170 | $335,000 |
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| 3295 Constellation Dr | 1.53 | 2,009 | $498,000 |
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| 2725 Center Pl | 1.95 | 17,334 | $3,000,000 |
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| 7777 Wickham Rd N | 2.12 | 86,327 | $90,000 |
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| 2870 Post Rd | 2.45 | 1,654 | $650,000 |
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| 4790 Hidden Creek Rd | 2.48 | 1,899 | $474,000 |
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| 7285 Waelti Dr | 2.79 | 5,600 | $18,250,000 |
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| 4680 Highway 1 N | 2.8 | 0 | $760,000 | |
| 4075 Parkway Dr | 2.85 | 3,485 | $925,000 |
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| 513 Topsail Dr | 3.04 | 0 | $994,900 | |
| 523 Bosun Ct | 3.07 | 0 | $249,000 | |
Local Household Income
The median household income in this part of Florida is $65,996. The bottom 10% of the population earn less than $23,217 per year. The top 10% earn more than $150,879 per year. The top 1% earn more than $414,648 per year. Most renters earn between $28,332 (20th percentile) and $50,268 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $131,992 and $164,990.
The tax assessed value of this property places it in percentile 99 of all properties in this area. This suggests it would appeal to someone earning around $414,648 per year who should qualify for a mortgage between $829,296 and $1,036,620.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $847. Most renters earn between $2,361 and $4,189 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $608 (20th percentile) to $1,140 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $2,460 per month and a monthly household income of $7,236 ($86,832 per year)
Nearby Companies
4330 Stoney Point Rd
4351 Stoney Pointe Rd
4351 Stoney Pointe Rd
4321 Stoney Point Rd
4104 Melrose Ct
4270 Stoney Point Rd
4271 Stoney Point Rd
4117 Melrose Ct