NOT LISTED FOR SALE

1 8th Ave Unit 1201 Indialantic, FL 32903

Estimated Value: $774,000 - $797,000

3 Beds
2 Baths
2,061 Sq Ft
$700/mo HOA Fee

Last Sold September 28, 2018

Last sale price $410,000 $199 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $5,536/month

139 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • Open Floorplan
  • Indialantic Elementary School Rated A-
  • Heated In Ground Pool
  • 5-minute walk to James H. Nance Park

About This Home

As of September 2018

Beautiful beach side condo on the boardwalk in Indialantic, just south of 5Th Ave. Corner unit with ocean views and wonderful ocean breezes! Just steps to the beach to watch rocket launches, surf or just relax, walking distance to Starbucks, park, restaurants and shops. Magnolia Key was built in 2006 which means built with newer hurricane codes. Pets allowed, 2 pets, not to exceed 35 lbs. This unit has over 2000 square feet, with three bedrooms, two baths and unique wrap balconies around building, there is a balcony off the main living area and one off each bedroom, all balconies have impact glass doors. Remote wireless, automatic blinds. Great room concept with kitchen, living ,dining room and two walls of glass sliders for natural lighting. Large beautiful kitchen with granite counters, an island, breakfast bar, all stainless appliances and gas stove. Master suite has balcony with ocean views, two closets, bath with two granite top vanities, jetted tub and a walk in shower. Full size laundry room with utility sink and built in cabinets, central vacuum and gas tankless water heater, outside a.c. condenser replaced in 2015, building painted in 2017. End garage space with private garage door will fit a large vehicle. Private storage space is included with unit. Key West style complex has a heated pool, spa, clubhouse, gym, secure lobby, car wash area and hose for rising off after the beach. Perfect location with only 5 miles to Melbourne airport, 2.5 miles to historic downtown Melbourne with shopping, entertainment and dining and 70 miles to Disney World. You will love the amenities and lifestyle come and check it out today!

Last Agent to Sell the Property

Lynn Steffen

BHHS Florida Realty License #572476 Listed on: 04/16/2018

BHHS Florida Realty

Last Buyer's Agent

Corey Craigie

Compass Florida, LLC License #3284482

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,538

Year Built

  • Built in 2006

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,061 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Great Room
  • Ocean Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Closets
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom
  • Spa Bath

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Wrap Around Porch

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00039.0-0001.01

Community Details

Overview

  • Association fees include cable TV, insurance, sewer, trash, water
  • Dependable Property Mgt. Association, Phone Number (321) 773-4033
  • Magnolia Key Condo Subdivision
  • Maintained Community
  • Car Wash Area

Amenities

  • Clubhouse
  • Elevator
  • Secure Lobby
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit
  • 2 Pets Allowed

Security

  • Phone Entry

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,538

Year Built

Built in 2006

Lot Details

0

HOA Fees

$700 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • Reso View: Ocean, Water
  • ResoSecurityFeatures: Entry Phone/Intercom, Secured Lobby
  • Reso Association Amenities: Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Maintenance Grounds, Maintenance Structure, Management - Full Time, Spa/Hot Tub, Storage
  • Reso Association Fee Includes: Cable TV, Insurance, Sewer, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Magnolia Key Condo
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00039.0-0001.01
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 5537.88
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 2061.0
  • General Property Information Lot Size Acres: 0.05
  • General Property Information Lot Size Square Feet2: 2178.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Pets Allowed Total Number Of Pets: 2
  • Pets Allowed Size Limit: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Room Types Laundry: Yes
  • General Property Information Stories Total: 3
  • General Property Information Association Phone: 321-773-4033
  • Levels Three Or More: Yes
  • Security Features Secured Lobby: Yes
  • ViewOcean: Yes
  • Security Features Entry PhoneIntercom: Yes
  • Pool Features Gas Heat: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Spa Features: Bath, In Ground
  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Pool Features:Community: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Spa Features:Bath: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: Community, Gas Heat, In Ground
  • Roof: Other
  • Acres: 0.05
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Patio And Porch Features: Side Porch, Wrap Around
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Ocean Front: Yes
  • Patio and Porch Features:Side Porch: Yes
  • Patio And Porch Features:Wrap Around: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Electric
  • Utilities: Electricity Connected, Water Available
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 700.0
  • Association Fee Frequency: Monthly
  • Association Name: Dependable Property mgt.
  • Phone: 321-773-4033
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Dependable Property mgt.
  • General Property Information:Association Fee: 700.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Storage: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Car Wash Area: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-38-31-Eo-00039.0-0001.01
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5537.88

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Sep 28, 2018
Sold by
Schroeder Gene John and Schroeder Myra Lynn
Bought by
Madigan Jeremiah R and Madigan Joanne
Seller's Agent
Lynn Steffen
BHHS Florida Realty
Buyer's Agent
Corey Craigie
Compass Florida, LLC
List Price
$466,725
Sold Price
$410,000
Premium/Discount to List
-$56,725
-12.15%
Current Estimated Value
$784,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,297
Avg. Annual Appreciation
9.33%

Purchase Details

Listed on
Nov 14, 2014
Closed on
May 1, 2015
Sold by
Radcliffe John F and Radcliffe Aimee J
Bought by
Schroeder Gene John and Schroeder Myra Lynn
Seller's Agent
Frances Hadjilogiou
RE/MAX Olympic Realty
Buyer's Agent
Susan Frederick
BHHS Florida Realty
List Price
$399,900
Sold Price
$387,500
Premium/Discount to List
-$12,400
-3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.67%
Original Mortgage
$348,750
Interest Rate
3.79%

Purchase Details

Closed on
May 31, 2013
Sold by
Professional Properties Of Brevard Inc
Bought by
Radcliffe John F and Radcliffe Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,623
Interest Rate
3.43%

Purchase Details

Closed on
Nov 11, 2009
Sold by
Magnolia Key Development Inc
Bought by
Professional Properties Of Brevard Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Madigan Jeremiah R $410,000 North American Title Company
Schroeder Gene John $387,500 State Title Partners Llp
Radcliffe John F $358,600 Alliance Title Insurance Age
Professional Properties Of Brevard Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schroeder Gene John $348,750
Previous Owner Radcliffe John F $340,623
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2018 09/28/18 Sold $410,000 -7.8% $199 / Sq Ft
09/03/2018 09/03/18 Pending -- -- --
06/13/2018 06/13/18 Price Changed $444,900 -3.3% $216 / Sq Ft
05/06/2018 05/06/18 Price Changed $459,900 -1.5% $223 / Sq Ft
04/16/2018 04/16/18 For Sale $466,725 +20.4% $226 / Sq Ft
05/01/2015 05/01/15 Sold $387,500 -3.1% $188 / Sq Ft View Prior Sale
03/20/2015 03/20/15 Pending -- -- --
11/14/2014 11/14/14 For Sale $399,900 0.0% $194 / Sq Ft
02/16/2014 02/16/14 Rented $3,250 0.0% --
02/10/2014 02/10/14 Under Contract -- -- --
01/31/2014 01/31/14 For Rent $3,250 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,856 $531,540 -- --
2024 $8,940 $547,630 -- --
2023 $8,940 $547,630 -- --
2022 $7,433 $453,850 $0 $0
2021 $7,072 $389,280 $0 $389,280
2020 $6,789 $367,810 $0 $367,810
2019 $6,286 $336,030 $0 $336,030
2018 $5,740 $340,040 $0 $0
2017 $5,538 $333,050 $0 $0
2016 $5,590 $326,200 $0 $0
2015 $5,071 $295,250 $0 $0
2014 -- $292,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Steffen

    Seller's Agent in 2018

    Lynn Steffen

    BHHS Florida Realty

    (321) 223-5600

    5 in this area

    72 Total Sales

    Lynn Steffen
    Section Image
  • Corey Craigie

    Buyer's Agent in 2018

    Corey Craigie

    Compass Florida, LLC

    (407) 509-3210

    3 in this area

    52 Total Sales

    Corey Craigie
    Section Image

  • F

    Seller's Agent in 2015

    Frances Hadjilogiou

    RE/MAX Olympic Realty

  • S

    Buyer's Agent in 2015

    Susan Frederick

    BHHS Florida Realty

  • B

    Seller's Agent in 2014

    Bob Cochran

    Professional Prop. of Brevard

    (321) 271-8569

    Bob Cochran
    Section Image
  • Erika Rogers

    Buyer's Agent in 2014

    Erika Rogers

    Surfside Properties & Mgmt.

    (321) 508-7661

    17 Total Sales

    Erika Rogers
    Section Image
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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 810912

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00039.0-0001.01

Florida Brevard County Indialantic 32903

1 8th Ave Unit 1201, Indialantic, FL

Not Listed for Sale

Condos

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