497 Melrose Lane, Sebastian, FL, 32958 | $312,500

Welcome home to this Sebastian Highlands property, situated on a desirable corner lot with NO HOA, giving you the freedom to enjoy your home without restrictions or added fees. This 3-bedroom, 2-bathroom home offers a functional layout with high vaulted ceilings and a main living area that flows seamlessly into the dining space and kitchen. The kitchen features a quartz breakfast bar, textured wood cabinetry, and stainless steel appliances, providing a great foundation for future updates or personal touches. Step outside through the impact glass French doors to an oversized covered and screened patio, perfect for relaxing or entertaining, all overlooking the fully fenced backyard with a 2024 privacy fence, ideal for pets, kids, and added privacy. Major improvements have already been taken care of, including a 2024 roof and a recently installed tankless water heater, helping reduce big-ticket concerns for the next owner. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location. If you're looking for a property with good bones, no HOA, and the opportunity to make it your own, this is one you won't want to miss. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location. If you're looking for a property with good bones, no HOA, and room to make it your own, this is a great opportunity.

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: In Garage
  • Style: Ranch, Traditional
  • Year Built: 1987
  • Garage: 2-car Attached
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Approx Sq. Feet: 1,072
  • Acreage: 0.31
  • Est. Taxes: $4,070
  • View: Garden
  • Elem. School: Sebastian
  • Middle School: Storm Grove
  • High School: Sebastian River
  • Pet Policy: Yes, No Restrictions
  • Appliances: Tankless Water Heater, Cooktop, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater, Range
  • MLS#: B26018400
  • Website: https://www.raveis.com
    /prop/B26018400/497melroselane_sebastian_fl?source=qrflyer
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William Raveis Family of Services

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The Bill Heenan TeamSales Associates

860.460.8053

Bill.Heenan@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2104486

860.625.5780

Brianna.Turgeon@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Heidi SummaInsurance Sales Director, William Raveis Insurance

860.919.8074

Heidi.Summa@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

497 Melrose Lane, Sebastian, FL, 32958

$312,500

The Bill Heenan Team

Sales Associates

William Raveis Real Estate

Phone: 860.460.8053

Bill.Heenan@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $250,000 $250,000 $250,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.133% 6.739% 5.952%
Monthly Tax Payment $339 $339 $339
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,439 $1,601 $2,076
Total Monthly Payment $1,853 $2,015 $2,490

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.