Large-Lot 4-Bedroom Melbourne Rehab

This 4-bedroom, 2.5-bath home offers 1,455 square feet of heated living area on 0.64 acre in unincorporated June Park. The one-story 1958 brick-and-frame property has a metal roof, central HVAC, private well and septic, no garage or carport, no pool, and no HOA. The home requires a substantial whole-property renovation.

Repairs Needed Estimated

• Renovate the kitchen, two full bathrooms, and half bath with new cabinets, counters, fixtures, appliances, tile, and consistent finishes.
• Open and repair the spongy floor areas, replace worn flooring, and repair water-damaged drywall and stained or cracked ceilings.
• Replace or fully service the mismatched HVAC system and correct vibration and deteriorated insulation.
• Replace plumbing.
• Correct the double-tapped breakers, grounding, GFCI, two-prong outlet, cloth-wiring, and aluminum-wiring concerns.
• Repair brick-veneer cracks, exterior paint, soffit gaps, chimney flashing, porch finishes, drainage, flatwork, and inefficient jalousie windows.

Comparable Sales

1. 2440 Arizona St — 0.16 miles away; 3/2 with 1,194 square feet; sold March 2026 for $350,000; 0.86-acre lot; no pool; no garage or carport with open and RV parking; frame and wood-siding construction; remodeled with a modern kitchen, updated bathrooms and finishes, plus 2026 roof and septic work. It is the strongest same-street acreage and construction match, but it is 18% smaller and has one fewer bedroom and half bath.
2. 624 Church St — 0.93 miles away; 3/1 with 1,400 square feet; sold April 2026 for $230,000; 8,276-square-foot lot; no pool; no garage or carport; concrete and vinyl construction; remodeled with an updated kitchen, bathroom and interior finishes. Its living area is within 4% of the subject, but the lot is substantially smaller and it has one fewer bedroom and 1.5 fewer bathrooms.
3. 2295 Wood St — 0.58 miles away; 3/2 with 1,158 square feet; sold November 2025 for $250,000; 6,970-square-foot lot; no pool; detached two-car garage and no carport; wood-siding construction; fully renovated with a new roof, plumbing, electrical, AC, windows, kitchen, and bathrooms. It is a verified rehabbed lower bracket but is 20% smaller, has a much smaller lot, one fewer bedroom and half bath, and superior garage parking.
4. 2815 New York St — 0.72 miles away; 4/2 with 1,804 square feet; sold November 2025 for $515,000; 0.85-acre lot; pool and spa; attached two-car garage and no carport; block, concrete, and stucco construction; remodeled with an updated kitchen, 2020 roof, and 2022 impact windows. It matches the bedroom count and acreage setting but is 24% larger and substantially superior in age, pool, parking, and construction, making it a high ceiling only.
5. 2625 Washington St — 0.62 miles away; 3/2 with 1,456 square feet; sold January 2026 for $510,000; 1.66-acre lot; no pool; detached two-car garage and no carport; vinyl-sided construction; fully renovated with major systems and finishes. Its living area is nearly identical, but the larger acreage, garage, barn, and separate renovated dwelling make it a superior ceiling rather than a direct value indicator.

ARV & Rental Analysis

Estimated ARV: $360,000 to $390,000 +/-

Estimated Rent: $2,200 to $2,350 per month +/-