NOT LISTED FOR SALE

332 Formosa Dr Cocoa Beach, FL 32931

Estimated Value: $591,450 - $700,000

4 Beds
3 Baths
2,092 Sq Ft
$304/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $560,000 $268 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,024/month

1 Day on Market

Highlights

  • Open Floorplan
  • Bonus Room
  • Home Office
  • Theodore Roosevelt Elementary School Rated 9+
  • No HOA
  • Butlers Pantry

About This Home

As of May 2022

Location, Location, Location. Beautiful and spacious Cocoa Beach home. Four full bedrooms and three full baths. One bedrooms has multiple opportunities to operate as a multifunctional room with over 598 square feet and a private bath. Original Master bedroom is large with a new walk in shower in 2019. Galley style kitchen with a new stove, microwave and newer refrigerator. Built ins in the dining area. An extra 210 sq/ft room that is off the family room area, perfect for an office, gym, or craft room. Laundry room inside the home. Oversized two car garage with large outdoor parking area. Extra storage outside of the garage area. This home is walking and biking distance to all your favorite Cocoa Beach eateries and beaches. Beautiful fenced in back yard with fruit trees. Nicely landscaped. This is the quintessential Cocoa Beach beauty. Home was painted outside and in in 2019, AC replaced in 2021, the roof was replaced in 2018, and Hurricane Shutters for the home.

Last Agent to Sell the Property

Marlena Wassel

Real Estate Solutions Brevard License #3247024 Listed on: 04/08/2022

Co-Listed By

Laurie Jackim

Real Estate Solutions Brevard License #3454765

Last Buyer's Agent

Matthew Stebbins

RE/MAX Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,890

Year Built

  • Built in 1962

Lot Details

  • 8,712 Sq Ft Lot
  • North Facing Home
  • Chain Link Fence
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,092 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Home Office
  • Library
  • Bonus Room

Kitchen

  • Butlers Pantry
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Roosevelt Elementary School
  • Cocoa Beach Middle School
  • Cocoa Beach High School

Utilities

  • Well

Community Details

  • No Home Owners Association
  • Cocoa Isles 8Th Addn Association
  • Cocoa Isles 8Th Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25-37-10-03-0000n.0-0004.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,890

Year Built

Built in 1962

Lot Details

8,712 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1962
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • Co List Office Mls Id: spc.orsbr
  • Co List Office Phone: 321-610-1550
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Cocoa Isles 8th Addn
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 25-37-10-03-0000n.0-0004.00
  • Location Tax and Legal Elementary School: Roosevelt
  • Location Tax and Legal Middle School2: Cocoa Beach
  • Location Tax and Legal High School: Cocoa Beach
  • Location Tax and Legal Tax Annual Amount: 3890.39
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 2092.0
  • General Property Information Building Area Total3: 2701.0
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Fencing Fenced2: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Well: Yes
  • Fencing Chain Link: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Room Types Laundry: Yes
  • Room Types Library: Yes
  • Room Types Office: Yes
  • Interior Features Butler Pantry: Yes
  • Room Types Bonus Room: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Butler Pantry, Open Floorplan, Primary Bathroom - Tub with Shower, Split Bedrooms
  • Flooring: Laminate, Tile
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Split Bedrooms: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Fencing: Chain Link, Fenced
  • Acres: 0.2
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Water Source: Public, Well

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: COCOA ISLES 8TH ADDN
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: COCOA ISLES 8TH ADDN

Schools

  • Middle Or Junior School: Cocoa Beach

Lot Info

  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 25-37-10-03-0000n.0-0004.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3890.39

MLS Schools

  • Elementary School: Roosevelt
  • High School: Cocoa Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
May 6, 2022
Sold by
Gray James A and Gray Laura J
Bought by
Martella-Mcelroy Sharon and Mcelroy Timothy
Seller's Agent
Marlena Wassel
Real Estate Solutions Brevard
Buyer's Agent
Matthew Stebbins
RE/MAX Elite
List Price
$560,000
Sold Price
$560,000
Current Estimated Value
$636,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,863
Avg. Annual Appreciation
3.45%

Purchase Details

Closed on
Feb 17, 2003
Sold by
Hedges Elaine M and Wall Laura J
Bought by
Gray James A and Gray Laura J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2001
Sold by
Hedges David A and Hedges Elaine M
Bought by
Wall Laura J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 1999
Sold by
Hedges David A and Hedges Elaine M
Bought by
Hedges David A and Hedges Elaine M

Purchase Details

Closed on
Mar 22, 1999
Sold by
J T S Rentals Inc
Bought by
Hedges David A and Hedges Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.82%

Purchase Details

Closed on
Nov 5, 1996
Sold by
Kirkpatrick Trudee and Sautter John T
Bought by
J T S Rentals Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Martella-Mcelroy Sharon $560,000 Prestige Title
Gray James A -- --
Wall Laura J $46,600 --
Hedges David A $47,400 --
Hedges David A $110,000 --
J T S Rentals Inc -- --
J T S Rentals Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gray James A $156,000
Previous Owner Wall Laura J $134,000
Previous Owner J T S Rentals Inc $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $560,000 0.0% $268 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $560,000 0.0% $268 / Sq Ft
04/01/2021 04/01/21 Rented $2,300 -4.2% --
03/01/2021 03/01/21 Under Contract -- -- --
02/09/2021 02/09/21 Price Changed $2,400 -2.0% $1 / Sq Ft
02/08/2021 02/08/21 For Rent $2,450 +2.1% --
02/23/2020 02/23/20 Rented $2,400 0.0% --
02/21/2020 02/21/20 Under Contract -- -- --
02/18/2020 02/18/20 For Rent $2,400 +50.0% --
03/01/2014 03/01/14 Rented $1,600 -5.9% --
01/30/2014 01/30/14 Under Contract -- -- --
01/08/2014 01/08/14 For Rent $1,700 -- --
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 $8,517 $500,490 -- --
2024 $7,844 $525,070 -- --
2023 $7,844 $475,460 $260,000 $215,460
2022 $4,550 $344,140 $0 $0
2021 $3,890 $244,830 $180,000 $64,830
2020 $3,488 $208,770 $141,000 $67,770
2019 $3,644 $217,170 $141,000 $76,170
2018 $3,483 $214,500 $130,000 $84,500
2017 $3,345 $206,450 $140,000 $66,450
2016 $3,082 $183,020 $110,000 $73,020
2015 $2,817 $144,700 $100,000 $44,700
2014 $1,324 $114,190 $81,000 $33,190
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 931444

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-10-03-0000N.0-0004.00

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