NOT LISTED FOR SALE

505 S Miramar Ave Unit 2304 Indialantic, FL 32903

Estimated Value: $691,265 - $878,000

3 Beds
2 Baths
1,887 Sq Ft
$550/mo HOA Fee

Last Sold April 29, 2016

Last sale price $460,000 $244 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $5,739/month

176 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • Open Floorplan
  • Indialantic Elementary School Rated A-
  • In Ground Pool
  • Clubhouse

About This Home

As of April 2016

Appointed w/ designer finishes this oceanfront residence embodies chic elegance with a relaxed modern feel. Gorgeous ocean views are the focus of the spacious floor-plan boasting 9ft ceilings, crown molding & 8ft sliders. 3 bedrooms, 2 bathrooms, a spacious kitchen, a dining room & laundry room are included in the grand total of 1,887± square feet of living area plus an expansive private balcony where you can kick off your shoes and take in the cool breeze of the ocean. A large and welcoming kitchen features wood cabinets, gas appliances, granite, a walk in pantry and an actual vented cook system. The oceanfront master suite flaunts ocean views, walk in closets, double vanities and a separate tub and shower. 2 under building parking spots and an air conditioned storage bay are included. included.

Last Agent to Sell the Property

DeWayne Carpenter

Dale Sorensen Real Estate Inc. Listed on: 10/13/2015

Co-Listed By

Kirk Kessel

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Jennifer McCoy

McCoy-Freeman Real Estate License #3011977

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,843

Year Built

  • Built in 2006

Lot Details

  • Ocean Front
  • West Facing Home

HOA Fees

  • $550 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Concrete Roof
  • Concrete Siding
  • Block Exterior
  • Vinyl Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 1,887 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Ocean Views

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Balcony

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00039.0-0001.24

Community Details

Overview

  • Association fees include cable TV, insurance, pest control, trash
  • Magnolia Key Condo Subdivision
  • Maintained Community

Amenities

  • Clubhouse
  • Secure Lobby

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,843

Year Built

Built in 2006

Lot Details

0

HOA Fees

$550 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • Road Surface Type: Asphalt
  • Reso View: Ocean, Water
  • ResoSecurityFeatures: Secured Elevator, Secured Lobby
  • Reso Association Amenities: Clubhouse, Fitness Center, Maintenance Grounds, Management - Full Time, Park, Spa/Hot Tub
  • Reso Association Fee Includes: Cable TV, Insurance, Pest Control, Trash
  • Co List Office Mls Id: DSRE0
  • Co List Office Phone: 321-723-9990
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Magnolia Key Condo
  • Carport Y N: No
  • Entry Level: 3
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00039.0-0001.24
  • 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: 7843.13
  • Location Tax and Legal Tax Year2: 2014
  • General Property Information Living Area2: 1887.0
  • General Property Information Building Area Total3: 1887.0
  • General Property Information Lot Size Acres: 0.06
  • General Property Information Lot Size Square Feet2: 2614.0
  • General Property Information New Construction YN: No
  • 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
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Pets Allowed Size Limit: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Cats OK: Yes
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Room Types Living Room: Yes
  • General Property Information Stories Total: 4
  • Roof Concrete2: Yes
  • Security Features Secured Elevator: Yes
  • Security Features Secured Lobby: Yes
  • ViewOcean: Yes
  • Utilities Natural Gas Connected: Yes
  • Pets Allowed Dogs OK: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

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

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: Community, In Ground
  • Roof: Concrete
  • Acres: 0.06
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Frame, Stucco, Vinyl Siding
  • Direction Faces: West
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Exterior Features:Balcony: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Waterfront Features:Ocean Access: Yes
  • Waterfront Features:Ocean Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Attached, Underground
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Underground2: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 1650.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1650.0
  • General Property Information:Association Fee Frequency: Quarterly
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Fee Includes:Trash: Yes
  • Association Fee Includes:Pest Control: Yes
  • Association Amenities:Park: Yes

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 2614.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2745364
  • Parcel #: 27-38-31-Eo-00039.0-0001.24
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 7843.13

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2015
Closed on
Apr 1, 2016
Bought by
Marilyn C Oertley Living Trust
Seller's Agent
DeWayne Carpenter
Dale Sorensen Real Estate Inc.
Buyer's Agent
Jennifer McCoy
McCoy-Freeman Real Estate
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%
Current Estimated Value
$796,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,066
Avg. Annual Appreciation
5.96%

Purchase Details

Closed on
May 8, 2013
Sold by
Halperin Susan
Bought by
Halperin Susan B and Halperin Lawrence S

Purchase Details

Closed on
Oct 5, 2009
Sold by
Aurora Loan Services Llc
Bought by
Halperin Susan

Purchase Details

Closed on
Aug 25, 2009
Sold by
Aurora Loan Services Llc
Bought by
Halperin Susan

Purchase Details

Closed on
Jun 23, 2009
Sold by
Bonner Ryan and Bonner Elizabeth
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Aug 29, 2006
Sold by
Magnolia Key Development Inc
Bought by
Bonner Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,200
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Marilyn C Oertley Living Trust $460,000 --
Halperin Susan B -- None Available
Halperin Susan -- First American Title Ins Co
Halperin Susan $342,000 First American Title Ins
Aurora Loan Services Llc -- Attorney
Bonner Ryan $619,000 Alliance Title Brevard Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bonner Ryan $495,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $460,000 -3.2% $244 / Sq Ft
04/07/2016 04/07/16 Pending -- -- --
03/17/2016 03/17/16 Price Changed $475,000 -5.0% $252 / Sq Ft
10/13/2015 10/13/15 For Sale $500,000 -- $265 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $11,766 $667,320 -- --
2024 $11,200 $683,660 -- --
2023 $11,200 $683,660 $0 $0
2022 $9,581 $585,820 $0 $0
2021 $9,115 $502,450 $0 $502,450
2020 $9,051 $491,130 $0 $491,130
2019 $8,379 $448,690 $0 $448,690
2018 $8,944 $471,010 $0 $471,010
2017 $7,981 $421,500 $0 $421,500
2016 $8,241 $421,340 $0 $0
2015 $8,094 $397,490 $0 $0
2014 $7,843 $378,350 $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: 737191

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00039.0-0001.24