4445 Sherwood Blvd, Melbourne, FL 32935

1. Home Value and Price Comparison (as of early to mid-2025 data):

• The estimated price of $225,500 is significantly lower than the broader Melbourne median home sales price, which has been reported around $293,000 – $300,000.
• The estimated price per square foot for this property is approximately $144/sqft, which is also lower than the Melbourne median sale price per square foot (reported around $196/sqft). This lower price point might be due to the year built (1962) and potential need for updates, or it could reflect a more affordable pocket of the 32935 ZIP code.
• A comparable nearby property at 4226 Sherwood Blvd, Melbourne, FL 32935, recently sold for $221,500 (September 5, 2025).

2. Real Estate Market Trends (as of early 2025 data):

• Market Type: Melbourne is generally considered a balanced market right now, leaning slightly towards a buyer’s market due to a softening of prices and increased inventory compared to previous years.
• Price Trend: Median home prices in Melbourne have been trending down year-over-year (around a 7.6% – 14.8% decrease, depending on the source).
• Time on Market: Homes are selling in around 64-67 days on the market.

3. Local Area Information (Melbourne, FL):

• Location: The property is in the 32935 ZIP code of Melbourne, FL, which is on Florida’s “Space Coast.”
• Community: Melbourne is described as a casual, laid-back community with a thriving suburban environment. The area values its natural spaces and has a strong local economy with a focus on aerospace and tech.
• Nearby Attractions: The Melbourne area offers:
  • Beaches (like Melbourne Beach, a short drive away)
  • Outdoor Activities (kayaking, boating, fishing, Turkey Creek Sanctuary, Erna Nixon Park)
  • Arts and Entertainment (Historic Downtown Melbourne, Eau Gallie Arts District)
  • Family Fun (Brevard Zoo, Andretti Thrill Park)