NOT LISTED FOR SALE

The Hammocks at Minorca 261 Minorca Beach Way Unit 703 New Smyrna Beach, FL 32169

North Beach Neighborhood

Estimated Value: $932,712 - $1,255,000

3 Beds
2 Baths
1,750 Sq Ft
$616/mo HOA Fee

Last Sold September 09, 2016

Last sale price $525,000 $300 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $7,787/month

288 Days on Market

Highlights

  • Heated Pool
  • Full Gulf or Ocean Views
  • Open Floorplan
  • Coronado Beach Elementary School Rated 10
  • 52 Acre Lot
  • Furnished

About This Home

As of September 2016

PRISTINE 7 FLOOR UPGRADED 2/2 WITH DEN/OFFICE OR BEDROOM SAILFISH PLAN THAT HAS SPECIAL VIEWS OF OCEAN, JETTIES, PONCE INLET AND LIGHTHOUSE. UPGRADES INCLUDE QUALITY FURNITURE, GRANITE, CROWN MOLDING, PREMIUM 42" KITCHEN CABINETS, CUSTOM FANS AND LIGHT FIXTURES, EXTENDED TILE, WITH ALL IN LIKE NEW CONDITION. COME SEE THIS EASY TO SEE CONDO BEFORE MAKING THAT IMPORTANT BUYING DECISION AND EVALUATE WHAT THE ONE OF A KIND MINORCA COMMUNITY HAS TO OFFER.. ;LocationDescription: Condo ;Water: City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,818

Year Built

  • Built in 2006

Lot Details

  • Irrigation

HOA Fees

  • $616 Monthly HOA Fees

Property Views

Home Design

  • Built-Up Roof
  • Concrete Siding
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 1,750 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Ceiling Fan

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Subterranean Parking
  • Garage Door Opener
  • Reserved Parking

Pool

  • Heated Pool
  • Spa
  • Outside Bathroom Access

Outdoor Features

  • Balcony
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 740507047030

Community Details

Overview

  • Association fees include cable TV, pool, insurance, ground maintenance, sewer, trash, water
  • Minorca Condos
  • Hammocks At Minorca Condo Subdivision
  • 5-Story Property

Pet Policy

  • Breed Restrictions

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,818

Year Built

Built in 2006

Lot Details

0

HOA Fees

$616 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Insurance, Maintenance Grounds, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Living Area: 1750
  • Lot Size Acres: 52
  • Year Built: 2006
  • Building Area Total: 1885
  • Directions to Property: E OVER N OR S CAUSEWAY BRIDGE TO PENINSULA AVE. LIGHT, LEFT (NORTH) APPROXIMATELY 2 MILES TO MINORCA GATEHOUSE ON RIGHT.
  • Status: Sold
  • Floor Number: 7
  • List Office Head Office Key Nume: 172580748
  • RATIO Current Price By Calculate: 300.00
  • MFR_InLawSuiteYN: 0
  • MFR_CommunityAssociationWaterFeatures: Boat Slip,Water Access
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Open Floorplan, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Spa Yn: Yes
  • Stories: 5
  • Street Number Modifier: 261
  • Room Count: 8

Exterior Features

  • Pool Features: Heated, Outside Bath Access
  • Exterior Features: Balcony, Irrigation System, Storage
  • Roof: Built-Up
  • Pool Private: Yes
  • Road Surface Type: Asphalt
  • Water View: Gulf/Ocean - Full,River

Garage/Parking

  • Parking Features: Garage Door Opener, Reserved, Underground

Utilities

  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: See Remarks

Condo/Co-op/Association

  • Association Fee: 616
  • Association Fee Frequency: Monthly
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 1
  • Complex Community Name Nccb: Minorca
  • Development: Not In Subdivision

Lot Info

  • Zoning: RR-PUD
  • Parcel Number: 740507047030
  • Lot Features: City Limits
  • Lot Dimensions: CONDO

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Breed Restrictions, Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2015
Closed on
Sep 9, 2016
Sold by
Rego Armando and Rego Marcy C
Bought by
Hamid Tahir and Tahir Hamid Revocable Trut
List Price
$589,000
Sold Price
$525,000
Premium/Discount to List
-$64,000
-10.87%
Total Days on Market
288
Current Estimated Value
$1,087,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$562,178
Avg. Annual Appreciation
8.34%

Purchase Details

Closed on
Dec 30, 2013
Sold by
Rego Mary C and Rego Armando
Bought by
Rego Armando and Rego Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2006
Sold by
Rego Armando and Rego Mary C
Bought by
Rego Mary C and Rego Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2006
Sold by
Minorca Ltd
Bought by
Rego Armando and Rego Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Hamid Tahir $525,000 Professional Title Agcy Inc
Rego Armando -- Professional Title Agency In
Rego Mary C -- Professional Title Agency In
Rego Armando $725,000 Professional Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rego Armando $409,000
Previous Owner Rego Armando $580,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2016 09/09/16 Sold $525,000 -10.9% $300 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
10/26/2015 10/26/15 For Sale $589,000 -- $337 / Sq Ft
Source: Stellar MLS

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 $12,818 $882,442 -- $882,442
2024 $12,818 $882,442 -- $882,442
2023 $12,818 $882,442 $0 $882,442
2022 $11,063 $713,950 $0 $713,950
2021 $10,115 $567,230 $0 $567,230
2020 $9,426 $526,620 $0 $526,620
2019 $9,217 $513,127 $0 $513,127
2018 $8,541 $464,395 $0 $464,395
2017 $7,897 $402,870 $100,718 $302,152
2016 $8,898 $424,255 $0 $0
2015 $9,361 $429,084 $0 $0
2014 $9,332 $429,084 $0 $0
Source: Public Records

About The Hammocks at Minorca

Map

Source: Stellar MLS

MLS Number: NS1026355

Stellar MLS

APN: 7405-07-04-7030

Florida Volusia County New Smyrna Beach 32169 North Beach

261 Minorca Beach Way Unit 703, New Smyrna Beach, FL

This home is located at 261 Minorca Beach Way Unit 703, New Smyrna Beach, FL 32169 since 26 October 2015 and is currently estimated at $1,087,178, approximately $621 per square foot. This property was built in 2006. 261 Minorca Beach Way Unit 703 is a home located in Volusia County with nearby schools including Coronado Beach Elementary School and New Smyrna Beach Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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