1637 Indian River Dr, Sebastian
Brevard County Real Estate - Sebastian
Sebastian is a city located in both Brevard and Indian River County, Florida. It was settled in the 1870s and was incorporated as a city in 1925. In 1715, several Spanish ships with an estimated over $500 million USD worth of treasure on board were lost at sea off the Treasure Coast is Sebastian. Only a portion of the treasure has been found. The city has three elementary schools, two middle schools and one high school.
Sebastian is in East Central Florida. It's population as recorded in the 2010 Census was 21,929. Sebastian is approximately 38 miles from Port Saint Lucie (population 164,603) and around 17 miles from Palm Bay (population 103,190).
The median age for residents of Sebastian is 50.1. Around 24.2% of Sebastian households include school aged children and 42.5% of households include individuals aged 65 years or over. Census records indicate 90.4% of the Sebastian population are White, 5.2% are Black or African American, .2% American Indian, 1.1% Asian and 1.6% are Two or more Races.
There are 10,815 housing units in Sebastian. 1,307 (12%) of these were reported as vacant in the 2010 Census. Sebastian is a tourist destination, 34.2% (447) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,881 residential rental units in Sebastian. 1,662 of them were occupied in 2010 providing a residential rental vacancy rate of 11%.
Sebastian 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 | |
|---|---|---|---|---|
| 1633 Indian River Dr | Single Family | 1,128 | C |
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| 1644 N Central Av | Single Family | 1,456 | B |
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| 1632 N Central Av | Vacant Commercial | 0 | L | |
| 1647 Indian River Dr | Vacant Commercial | 0 | L | |
| 1623 Indian River Dr | Condominium | 1,577 | B |
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| 1623 Indian River Dr | Condominium | 1,292 | B |
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| 1623 Indian River Dr | Condominium | 1,277 | B |
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| 1623 Indian River Dr | Condominium | 1,591 | B |
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| 1623 Indian River Dr | Condominium | 1,292 | B |
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| 1623 Indian River Dr | Condominium | 1,576 | B |
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| 1623 Indian River Dr | Condominium | 1,277 | B |
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| 1623 Indian River Dr | Condominium | 1,591 | B |
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| 1623 Indian River Dr | Condominium | 1,292 | B |
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| 1623 Indian River Dr | Condominium | 1,576 | B |
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| 1623 Indian River Dr | Condominium | 1,277 | B |
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| 1623 Indian River Dr | Condominium | 1,591 | B |
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| 1615 Indian River Dr | Vacant Residential | 0 | L | |
| 1623 Indian River Dr | Condominium | 2,950 | B |
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| 1649 Indian River Dr | Vacant Commercial | 0 | L | |
| 1634 Indian River Dr | Vacant Commercial | 0 | L | |
| 1651 Indian River Dr | Single Family | 3,411 | A |
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| 1654 N Central Av | Vacant Commercial | 0 | L | |
| 1624 N Central Av | Store, one story | 606 | B |
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| 1624 Indian River Dr | Vacant Commercial | 0 | L | |
| 1640 Us Highway 1 | Vacant Commercial | 4,289 | L |
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| 1653 Indian River Dr | Vacant Commercial | 0 | L | |
| 1620 N Central Av | Multi-family - less than 10 units | 1,762 | B |
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| 1654 N Indian River Dr | Vacant Commercial | 0 | L | |
| 1662 N Central Av | Single Family | 980 | B |
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| 1614 N Central Av | Condominium | 700 | B |
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Local Household Income
The median household income in this part of Florida is $56,422. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $165,349 per year. The top 1% earn more than $623,975 per year. Most renters earn between $24,468 (20th percentile) and $43,200 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $112,844 and $141,055.
The tax assessed value of this property places it in percentile 94 of all properties in this area. This suggests it would appeal to someone earning around $245,972 per year who should qualify for a mortgage between $491,944 and $614,930.
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 $848. Most renters earn between $2,039 and $3,600 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $625 (20th percentile) to $1,191 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 94 of all properties in this area. This corresponds to a rent of $1,855 per month and a monthly household income of $5,601 ($67,212 per year)
Nearby Companies
1636 N Central Ave
1623 Indian River Dr
1623 Indian River Dr
1623 Indian River Dr