NOT LISTED FOR SALE

Estimated Value: $5,247,000 - $8,556,718

5 Beds
6 Baths
4,472 Sq Ft
$1,524/Sq Ft Est. Value

Last Sold May 01, 2020

Last sale price $3,000,000 $671 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $45,896/month

91 Days on Market

Highlights

  • Intracoastal View
  • Outdoor Pool
  • Vaulted Ceiling
  • Beachland Elementary School Rated A-
  • River Front
  • 1 Fireplace

About This Home

As of May 2020

Truly spectacular point lot in Riomar with over 434+/- of water frontage and over an acre of land. Direct intracoastal views and vistas both North and South of both bridges. Home is just over 4400 sqft. Great opportunity for renovation or new build. Steps to Quail Valley and centrally located. Sizes approx and subj to error.

Last Agent to Sell the Property

Elizabeth Sorensen

Dale Sorensen Real Estate Inc. License #3134517 Listed on: 12/31/2019

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Ron J. Rennick Jr.

Rennick Real Estate Island Ofc License #0639930

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,450

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 141x234
  • River Front
  • East Facing Home

Parking

  • 2 Car Garage

Property Views

  • Intracoastal
  • River

Home Design

  • Tile Roof

Interior Spaces

  • 4,472 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • 1 Fireplace
  • Sliding Doors
  • Hurricane or Storm Shutters

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Outdoor Pool

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Riomar Bay Subdivision

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 33400500006000000034.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,450

Year Built

Built in 1968

Lot Details

0.69 Acres

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 141x234
  • Ownership: Single Family/Other
  • Subdivision Name: Riomar Bay
  • Directions: A1A to Bay Dr. 2nd left onto River Dr.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1968
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: Sliding Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Built-in Features, High Ceilings, Vaulted Ceiling(s), Walk-In Closet(s)
  • Living Area: 4472.0
  • Stories: 1

Exterior Features

  • Lot Features: 1-3 Acres
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • View: Intercoastal, River
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Exterior Features: None, Storm/Security Shutters
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None, Other
  • Pets Allowed: Yes

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33400500006000000034.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 18450.0
  • Tax Lot: 34
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2022
Sold by
Donofrio Dean and Donofrio Lauren P
Bought by
Lauren Donofrio Qualified Personal Residence and Donofrio
Current Estimated Value
$6,813,573

Purchase Details

Listed on
Dec 31, 2019
Closed on
May 1, 2020
Sold by
Fennell Todd W and The S Roy Burroughs Marital Ho
Bought by
Onofrio Lauren P D
Seller's Agent
Elizabeth Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Ron J. Rennick Jr.
Rennick Real Estate Island Ofc
List Price
$3,500,000
Sold Price
$3,000,000
Premium/Discount to List
-$500,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.97%
Original Mortgage
$2,100,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2018
Sold by
Belafonte Pamela
Bought by
Fennell Todd W

Purchase Details

Closed on
Aug 24, 2018
Sold by
Burroughs Suzanne
Bought by
Fennell Todd W

Purchase Details

Closed on
Jun 7, 2018
Sold by
Fennell Todd W
Bought by
Fennell Todd W

Purchase Details

Closed on
Jun 6, 2018
Sold by
Burroughs Diana
Bought by
Fennell Todd W

Purchase Details

Closed on
Sep 28, 2012
Sold by
Burroughs S Roy
Bought by
Burroughs S Roy
Source: Public Records
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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
Lauren Donofrio Qualified Personal Residence -- None Listed On Document
Onofrio Lauren P D $3,000,000 Attorney
Fennell Todd W -- None Available
Fennell Todd W -- Attorney
Fennell Todd W -- Attorney
Fennell Todd W -- None Available
Burroughs S Roy -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Onofrio Lauren P D $2,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2020 05/01/20 Sold $3,000,000 -14.3% $671 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
12/31/2019 12/31/19 For Sale $3,500,000 -- $783 / Sq Ft
Source: REALTORS® Association of Indian River County

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 $125,332 $7,913,500 $3,832,191 $4,081,309
2024 $53,393 $3,473,039 $3,473,039 --
2023 $53,393 $3,411,020 $0 $0
2022 $52,783 $3,379,267 $3,100,928 $278,339
2021 $49,454 $3,104,662 $2,676,112 $428,550
2020 $18,397 $1,174,776 $0 $0
2019 $18,471 $1,148,364 $0 $0
2018 $18,450 $1,126,952 $0 $0
2017 $18,338 $1,103,772 $0 $0
2016 $18,139 $1,081,070 $0 $0
2015 $18,588 $1,073,560 $0 $0
2014 $17,847 $1,065,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 228577

APN: 33-40-05-00006-0000-00034.0

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