NOT LISTED FOR SALE

1041 Wavecrest Ave Indialantic, FL 32903

Estimated Value: $616,000 - $965,000

3 Beds
3 Baths
1,450 Sq Ft
$534/Sq Ft Est. Value

Sale Details

Date Sold: March 1, 2020

Last sale price $650,000 $448 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,091 / mo

25 Days on Market

Highlights

  • Ocean Front
  • Open Floorplan
  • Skylights
  • Indialantic Elementary School Rated A-
  • Balcony
  • Fireplace

About This Home

As of March 2020

Investment property in Tourist Zoning allowing for short term rental use. Successful VRBO/AirBNB business with over 7% ROI. Spectacular 3 bedroom 3 bath Townhome in the Sofa district of Indialantic. Over 200K in renovations effective age 2015. Best ocean views from main living area and spacious Master Suite and deck. Walk to all of your favorite shops and restaurants from the best beaches in Brevard. Perfect for Owner/User or investor. Hurricane rated windows, doors and new electric shutters. NO HOA, no restrictions! 80% concrete block, only small portion of front is frame.

Last Agent to Sell the Property

Joanie Shepherd

Prominent Properties of FL,LLC License #3087122 Listed on: 11/19/2019

Last Buyer's Agent

Rick Bertel

Florida Homes Rlty. & Mtg. LLC License #6358

Florida Homes Rlty. & Mtg. LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,318

Year Built

  • Built in 1977

Lot Details

  • 3,485 Sq Ft Lot
  • Ocean Front
  • West Facing Home
  • Vinyl Fence

Parking

  • 2 Carport Spaces

Home Design

  • Frame Construction
  • Membrane Roofing
  • Wood Siding
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 1,450 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Fireplace
  • Ocean Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom
  • Spa Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 28-38-06-Eq-00099.0-0002.00

Community Details

Overview

  • Property has a Home Owners Association
  • Joanei Shepherd Association
  • Indialantic By The Sea Subdivision
  • Maintained Community

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,318

Year Built

Built in 1977

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1977
  • Reso Property Sub Type: Townhouse
  • Road Surface Type: Asphalt
  • Reso View: Ocean, Water
  • Reso Association Amenities: Maintenance Grounds, Management - Off Site
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Indialantic By The Sea
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-38-06-Eq-00099.0-0002.00
  • 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: 5317.91
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Living Area2: 1450.0
  • General Property Information Building Area Total3: 2000.0
  • General Property Information Lot Size Acres: 0.08
  • General Property Information Lot Size Square Feet2: 3485.0
  • General Property Information New Construction YN: No
  • General Property Information Carport Spaces2: 2.0
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: West
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Other Fee(s) Amount: 500.0
  • Appliances Dryer: Yes
  • Washers: Yes
  • Pets Allowed Yes: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Levels Two: Yes
  • General Property Information Carport YN2: Yes
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Waterfront Features Waterfront Community: Yes
  • ViewOcean: Yes
  • Flooring Vinyl: Yes
  • Fencing Vinyl2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Open Floorplan, Primary Bathroom - Tub with Shower, Skylight(s), Split Bedrooms
  • Flooring: Tile, Vinyl
  • Spa Features: Bath
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Other
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Spa Features:Bath: Yes
  • Interior Features:Skylight(s): Yes

Exterior Features

  • Exterior Features: Balcony, Outdoor Shower
  • Pool Features: None
  • Roof: Membrane, Other
  • Fencing: Fenced, Vinyl
  • Acres: 0.08
  • Waterfront Features: Ocean Front, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Fiber Cement, Frame, Stucco, Wood Siding
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Outdoor Shower: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Waterfront Features:Ocean Front: Yes
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • General Property Information:Garage YN: No
  • Parking Features:Carport: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: One Time
  • Association Name: Joanei Shepherd
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Joanei Shepherd
  • General Property Information:Association Fee Frequency: One Time

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 3485.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-38-06-Eq-00099.0-0002.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5317.91

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2019
Closed on
Feb 28, 2020
Sold by
1041 Wc Llc
Bought by
Wahlen Christopher
Seller's Agent
Joanie Shepherd
Prominent Properties of FL,LLC
Buyer's Agent
Rick Bertel
Florida Homes Rlty. & Mtg. LLC
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%
Current Estimated Value
$770,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,902
Avg. Annual Appreciation
2.91%
Original Mortgage
$375,000
Outstanding Balance
$332,116
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$442,446

Purchase Details

Closed on
Aug 20, 2018
Sold by
Mcdonald Robert B and Mcdonald Taylor D
Bought by
1041 Wc Llc

Purchase Details

Listed on
Aug 17, 2014
Closed on
Aug 6, 2014
Sold by
Digiorio Frank and Digiorgio Frank
Bought by
Mcdonald Robert B and Mcdonald Taylor D
Seller's Agent
Joanie Shepherd
Prominent Properties of FL,LLC
Buyer's Agent
Joanie Shepherd
Prominent Properties of FL,LLC
List Price
$379,000
Sold Price
$340,000
Premium/Discount to List
-$39,000
-10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$236,250
Interest Rate
4.19%

Purchase Details

Closed on
Jun 25, 2003
Sold by
Carroll Wayne and Carroll Mary
Bought by
Digiorio Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.29%

Purchase Details

Closed on
May 23, 2001
Sold by
Fuhrmann Justin J
Bought by
Carroll Wayne and Carroll Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.05%
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
Wahlen Christopher $650,000 Supreme Title Closing Llc
1041 Wc Llc -- Attorney
Mcdonald Robert B $340,000 Supreme Title Closings Llc
Digiorio Frank -- Alliance Title Brevard Llc
Digiorio Frank $355,000 Alliance Title Brevard Llc
Carroll Wayne $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wahlen Christopher $375,000
Previous Owner Mcdonald Robert B $236,250
Previous Owner Digiorio Frank $175,000
Previous Owner Carroll Wayne $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2020 03/01/20 Sold $650,000 -3.7% $448 / Sq Ft
12/13/2019 12/13/19 Pending -- -- --
12/08/2019 12/08/19 Price Changed $675,000 +8.0% $466 / Sq Ft
11/18/2019 11/18/19 For Sale $625,000 +83.8% $431 / Sq Ft
08/16/2014 08/16/14 Sold $340,000 -10.3% $219 / Sq Ft View Prior Sale
08/16/2014 08/16/14 Pending -- -- --
08/16/2014 08/16/14 For Sale $379,000 -- $245 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $11,271 $681,360 -- --
2024 $10,627 $683,790 -- --
2023 $10,627 $665,190 $0 $0
2022 $9,448 $638,560 $0 $0
2021 $8,500 $467,590 $335,000 $132,590
2020 $7,201 $389,490 $255,000 $134,490
2019 $7,228 $385,970 $250,000 $135,970
2018 $5,318 $275,460 $225,000 $50,460
2017 $5,421 $308,910 $265,000 $43,910
2016 $4,965 $261,470 $220,000 $41,470
2015 $4,603 $224,460 $200,000 $24,460
2014 $4,671 $222,920 $160,000 $62,920
Source: Public Records

Agents Affiliated with this Home

  • Joanie Shepherd

    Seller's Agent in 2020

    Joanie Shepherd

    Prominent Properties of FL,LLC

    (321) 243-5688

    15 in this area

    60 Total Sales

    Joanie Shepherd
    Section Image
  • Rick Bertel

    Buyer's Agent in 2020

    Rick Bertel

    Florida Homes Rlty. & Mtg. LLC

    (321) 961-1559

    8 Total Sales

    Rick Bertel
    Section Image

  • F

    Buyer's Agent in 2020

    Frederick Bertel

    Frederick Bertel Lic.R.E Bkr.

See All Agents

Map

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

MLS Number: 861235

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-06-EQ-00099.0-0002.00

Florida Brevard County Indialantic 32903

1041 Wavecrest Ave, Indialantic, FL

Not Listed for Sale

Townhouses

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