For SaleRisky Deal115 days on market
375 NORA AVENUE
375 NORA AVENUE, MERRITT ISLAND, FL 32952, Merritt Island, FL 32952
$600,000
Listing Price
375 NORA AVENUE, MERRITT ISLAND, FL 32952
Loc: Merritt Island, FL
Days Listed
115
Tax Assessed
$542k
Lot Size
10,019 sqft
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Tropical Elementary School
PK-6
0.6 mi away
7
Thomas Jefferson Middle School
7-8
0.5 mi away
5
Merritt Island High School
PK,9-12
3.3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch-stylesuburbanattached garagepalm treestropical landscapinggable roofdormer windowsvinyl sidinglarge drivewaysingle-storyresidentialwell-maintainedprivate mailbox
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.91%
Total ROI
87.2%
Cash Flow
$-160/mo
DSCR
0.95
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-160/mo net cash flow with a 5.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.9%)
- • Strong rental demand in Merritt Island
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Price change | $600,000 | $182 |
| 2026-09-10 | Price change | $613,000 | $186 |
| 2026-08-20 | Price change | $625,000 | $189 |
| 2026-08-06 | Price change | $637,000 | $193 |
| 2026-07-23 | Price change | $657,000 | $199 |
| 2026-07-09 | Price change | $688,000 | $209 |
| 2026-06-01 | Listed for sale | $695,000 | $211 |
| 2026-05-11 | Sold | $695,000 | $211 |
| 2026-01-20 | Listing removed | $725,000 | $220 |
| 2025-12-18 | Listed for sale | $725,000 | $220 |
| 2025-12-08 | Listing removed | $725,000 | $220 |
| 2025-10-31 | Price change | $725,000 | $220 |
| 2025-10-25 | Price change | $749,000 | $227 |
| 2025-10-13 | Listed for sale | $759,000 | $230 |
| 2025-10-07 | Listing removed | $765,000 | $232 |
| 2025-09-17 | Listed for sale | $765,000 | $232 |
| 2022-12-19 | Sold | $625,000 | $189 |
| 2022-11-05 | Pending sale | $625,000 | $189 |
| 2022-11-05 | Contingent | $625,000 | $189 |
| 2022-11-03 | Listed for sale | $625,000 | $189 |
| 2022-11-01 | Pending sale | $625,000 | $189 |
| 2022-11-01 | Contingent | $625,000 | $189 |
| 2022-10-04 | Price change | $625,000 | $189 |
| 2022-08-24 | Price change | $675,000 | $205 |
| 2022-08-08 | Price change | $720,000 | $218 |
| 2022-07-25 | Listed for sale | $750,000 | $227 |
| 2010-12-17 | Sold | $190,000 | $58 |
| 2006-11-02 | Sold | $520,000 | $158 |
| 2004-05-18 | Sold | $60,000 | $18 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,982.35 | $542,470 |
| 2024 | $7,219.23 | $580,360 |
| 2023 | $7,181.35 | $563,460 |
| 2022 | $6,198.04 | $497,860 |
| 2021 | $5,852.78 | $396,940 |
| 2020 | $5,411.95 | $359,280 |
| 2019 | $5,508.98 | $360,360 |
| 2018 | $5,508.98 | $325,730 |
| 2017 | $5,169.01 | $301,330 |
| 2016 | $4,994.37 | $286,640 |
| 2015 | $4,976.35 | $262,140 |
| 2014 | $3,220.17 | $202,650 |
| 2013 | $0 | $205,340 |
| 2012 | $2,540.51 | $181,630 |
| 2011 | $2,642.94 | $187,250 |
| 2010 | $3,683.32 | $225,210 |
| 2009 | $4,024.04 | $261,180 |
| 2008 | $4,829.84 | $313,000 |
| 2007 | $4,803.56 | $315,000 |
| 2005 | $795.48 | $45,000 |
| 2004 | $460.7 | $25,000 |
| 2003 | $349.95 | $18,000 |
| 2002 | $353.74 | $18,000 |
| 2001 | $352.04 | $18,000 |
| 2000 | $335.87 | $18,000 |
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