NOT LISTED FOR SALE

1 8th Ave Unit 1303 Indialantic, FL 32903

Indialantic Area

Estimated Value: $715,709 - $786,000

3 Beds
2 Baths
1,684 Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: June 19, 2020

Last sale price $550,000 $327 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,358 / mo

43 Days on Market

Highlights

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

About This Home

As of June 2020

Fully furnished 3/2 oceanfront condo located in the prestigious Magnolia Key Condos in the heart of Indialantic. Embracing Key West architecture these Condos have a reputation of quality construction with reinforced concrete and high-end hurricane impact windows throughout the building. Privacy and peace of mind comes naturally with 8'' block walls between each unit. Inside this unit, a spacious custom kitchen offers wood cabinetry w/ etched glass doors, newly installed backsplash, gas range, wine cooler, walk in pantry, large island, and newly updated dishwasher and refrigerator. An open floor plan throughout, with 9 ft tall ceilings and crown molding beautifully frames the ocean views. Master bedroom is ocean facing with private balcony access, walk in closets, and large master bath. Inside laundry room has utility sink and storage. Included amenities: large pool w/ BBQ, rec room, fitness room, on-site temp controlled storage unit, garage parking, and 24 hour security cameras. Start living in paradise today with this turn-key ready dream condo!

Last Agent to Sell the Property

Benjamin Glover

One Sotheby's International Listed on: 03/24/2020

Last Buyer's Agent

Ursula Fritsche

Coldwell Banker Paradise

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,055

Year Built

  • Built in 2006

Lot Details

  • Ocean Front
  • West Facing Home

HOA Fees

  • $710 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Garage Door Opener
  • Additional Parking

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,684 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Central Vacuum
  • Furnished
  • Built-In Features
  • Ceiling Fan
  • Ocean Views
  • Security System Owned

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom
  • Spa Bath

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Grip-Accessible Features
  • Accessible Hallway

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Property has ocean access
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00039.0-0001.08

Community Details

Overview

  • Association fees include cable TV, pest control, security, trash, water
  • Magnolia Key Condo Association
  • Indialantic By The Sea Subdivision
  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Secure Lobby
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Breed Restrictions

Security

  • Card or Code Access
  • Phone Entry
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,055

Year Built

Built in 2006

Lot Details

2,178 Sq Ft Lot

HOA Fees

$710 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • Reso View: Ocean, Water
  • ResoSecurityFeatures: Fire Sprinkler System, Key Card Entry, Security System Owned, Secured Lobby, Entry Phone/Intercom
  • Reso Association Amenities: Barbecue, Clubhouse, Elevator(s), Fitness Center, Maintenance Grounds, Maintenance Structure, Storage, Management - Off Site, Management - Full Time, Pool
  • Reso Association Fee Includes: Cable TV, Pest Control, Security, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Indialantic By The Sea
  • Reso Accessibility Features: Accessible Elevator Installed, Accessible Hallway(s), Grip-Accessible Features
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • General Property Information Community Fee(s) YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Walk-In Closet(s), Primary Bathroom - Tub with Shower, Split Bedrooms
  • Flooring: Carpet, Tile, Wood
  • Spa Features: Bath, In Ground
  • Appliances: Dryer, Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 4

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: In Ground
  • Roof: Membrane
  • Acres: 0.05
  • Pool Private: No
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Additional Parking, Garage Door Opener, Underground

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 710.0
  • Association Fee Frequency: Monthly
  • Association Name: MAGNOLIA KEY CONDO
  • Association: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-38-31-Eo-00039.0-0001.08

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 7054.96

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2020
Closed on
Jun 19, 2020
Sold by
Risi Barbara Sue Moore
Bought by
Seller's Agent
Benjamin Glover
One Sotheby's International
Buyer's Agent
Ursula Fritsche
Coldwell Banker Paradise
List Price
$569,900
Sold Price
$550,000
Premium/Discount to List
-$19,900
-3.49%
Current Estimated Value
$715,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,945
Avg. Annual Appreciation
5.15%
Original Mortgage
$412,500
Outstanding Balance
$358,292
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$392,885

Purchase Details

Listed on
Dec 29, 2018
Closed on
Apr 12, 2019
Sold by
Holefca Daniel S
Bought by
Risi Barbara Sue Moore
Seller's Agent
Josie Rekab
BHHS Florida Realty
Buyer's Agent
Ben Glover
Glover Properties
List Price
$559,000
Sold Price
$549,000
Premium/Discount to List
-$10,000
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.15%
Original Mortgage
$384,300
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 2, 2018
Sold by
Marta Patricia G
Bought by
Holefca Daniel S
Seller's Agent
Josie Rekab
BHHS Florida Realty
Buyer's Agent
Norman Nault
BEX Realty LLC
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%

Purchase Details

Listed on
Apr 9, 2015
Closed on
Jul 22, 2015
Sold by
Pepaj Djon and Pepaj Melinda
Bought by
Marta Arthur W and Marta Patricia G
Seller's Agent
David Curri
Kirschner Real Estate G
Buyer's Agent
Ann McLaughlin
Dreyer & Associates R.E. Grp.
List Price
$479,000
Sold Price
$479,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.16%
Original Mortgage
$359,250
Interest Rate
4.08%

Purchase Details

Closed on
May 11, 2006
Sold by
Magnolia Key Development Inc
Bought by
Pepaj Djon and Pepaj Melinda
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Indialantic, FL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 Attorney
Risi Barbara Sue Moore $549,000 Mosley & Wallis Ttl Svcs Inc
Holefca Daniel S $525,000 Mosley & Wallis Title Servic
Marta Arthur W $479,000 Mosley & Wallis Title Servic
Pepaj Djon $499,000 Alliance Title Brevard Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $412,500
Previous Owner Risi Barbara Sue Moore $384,300
Previous Owner Marta Arthur W $359,250
Previous Owner Pepaj Djon $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/19/2020 06/19/20 Sold $550,000 -3.5% $327 / Sq Ft
05/06/2020 05/06/20 Pending -- -- --
03/24/2020 03/24/20 For Sale $569,900 +3.8% $338 / Sq Ft
04/12/2019 04/12/19 Sold $549,000 0.0% $326 / Sq Ft View Prior Sale
03/07/2019 03/07/19 Pending -- -- --
02/24/2019 02/24/19 Price Changed $549,000 -0.9% $326 / Sq Ft
02/08/2019 02/08/19 Price Changed $554,000 -0.9% $329 / Sq Ft
12/28/2018 12/28/18 For Sale $559,000 +6.5% $332 / Sq Ft
07/02/2018 07/02/18 Sold $525,000 0.0% $312 / Sq Ft View Prior Sale
06/02/2018 06/02/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $525,000 -- $312 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,594 $540,710
2025 $8,232 $526,500
2024 $8,048 $511,670
2023 $8,048 $496,770 $0 $0
2022 $7,499 $482,310 $0 $0
2021 $7,741 $468,270 $0 $468,270
2020 $8,602 $466,620 $0 $466,620
2019 $7,187 $426,310 $0 $426,310
2018 $7,055 $408,910 $0 $0
2017 $6,808 $400,500 $0 $400,500
2016 $6,654 $339,790 $0 $0
2015 $6,536 $320,560 $0 $0
2014 $6,333 $305,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 871728

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00039.0-0001.08

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