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Friday, October 28, 2016

Chelsea Park Subdivision in Rockledge, Florida - Market Update October 2016

Rockledge's Chelsea Park subdivision provides homeowners an excellent location near top quality schools, shopping (The Avenue Viera), several excellent golf courses, restaurants, medical facilities (including the VA Clinic at Viera) and much more!

Chelsea Park offers owners room to roam.   Unlike many of the newer developments, lots are larger with  no zero lot line parcels here.   While Chelsea Park offers a playground and basketball court it does not have a community pool which helps keep association fees lower. 

Typical house in Chelsea Park
Conveniently located near I-95 and US 1, Chelsea Park provides commuters easy access to major employers in Melbourne and Orlando (45 miles).   

With its proximity to US Highway 1 and Interstate 95 this neighborhood is well suited for those who commute to Patrick Air Force Base, Cape Canaveral or many other major employers  in Melbourne, Florida.

Additionally, Chelsea Park's proximity to Orlando (40 minutes), the Rockledge and Viera areas make it an excellent choice for "long distance" commuters as well!

It should be noted that currently Barnes Blvd in front of the subdivision is being upgraded to a four lane street so there is some obstacles however once the road work is completed, access to I-95 and US 1 will be even quicker! 

What is currently for sale in Chelsea Park?  

Currently there are seven homes for sale in Chelsea Park.   Listing prices ranged from $299,900 to $425,000.  All of these homes are standard sales.   The prices of five of these listings run from $365,000 to $425,000 - another indication of how much listing prices have risen in the Brevard County, Florida market.

These homes are not small (sizes ranging from 2,3000 sq.ft. to over 3,700 sq.ft.).   Most of the homes were built between 1998 and 2004 (one built in 2015).

Coincidentally, all seven listings have a private pool which is probably influenced by the fact the Chelsea Park development does not have a community pool.  (No community pool is also a reason why the HOA fees are lower).  There are also three homes under contract.

What has recently sold in Chelsea Park?

Over the past six months there have been 14 homes sold in Chelsea Park.  Selling prices ranged from $212,000 to $368,000. 

Since September 1, 2016 there have been six homes sold in Chelsea Park.  All were standard sales with selling prices ranging from $212,000 to $350,000.   The four most recent sales (data extracted from Brevard MLS system) included:
  • 369 Cobblewood Drive - 2004 built 1,586 sq.ft. 3 bedroom 2 bath 2 car garage sold for $212,000.
  • 428 Cobblewood Drive - 2000 built 1,586 sq.ft. 3 bedroom 2 bath 3 car garege  sold for $215,000.
  • 332 Castlewood Lane - 2002 built 2,416 sq.ft. 4 bedroom 3 bath 2 car garage pool home sold for $332,500.
  • 470 Stonehenge Circle - 2001 built 3,142 sq.ft. 5 bedroom 4 bath 2 car garage pool home sold for $350,000. 
For information on homes for sale in Rockledge, call or text me at 321-693-3850.

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