NOT LISTED FOR SALE

5119 Formosa Cir Vero Beach, FL 32967

Waterway Village Neighborhood

Estimated Value: $465,552 - $577,000

3 Beds
3 Baths
2,000 Sq Ft
$269/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $405,000 $202 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,302/month

Highlights

  • Lake Front
  • Outdoor Pool
  • Clubhouse
  • Home fronts a pond
  • Gated Community
  • High Ceiling

About This Home

As of May 2021

Fabulous DiVosta Oakmont model on the lake close to clubhouse/pool. Pride of ownership shows. Move-in ready with newer stainless appliances, 2021 a/c and accordion shutters all around. Two full baths in owner suite with reinforced concrete walk in closet/storm shelter. Seller will leave selected furniture pieces.

Last Agent to Sell the Property

Brad Shearer

Berkshire Hathaway Florida License #0700673 Listed on: 05/07/2021

Berkshire Hathaway Florida

Last Buyer's Agent

Kelly Fischer

EXP Realty, LLC License #3063437

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,694

Year Built

  • Built in 2012

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 48x135
  • Home fronts a pond
  • Lake Front
  • Southwest Facing Home
  • Sprinkler System
  • Few Trees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Sliding Doors
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Pool
  • Screened Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 349A
  • Assessor Parcel Number 32392100011000000349.0

Community Details

Overview

  • Association fees include common areas, cable TV, internet, ground maintenance, recreation facilities, security
  • Ar Choice Mgmt Association
  • Isles At Waterway Village Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,694

Year Built

Built in 2012

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Lot Size: 48x135
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Isles at Waterway Village
  • Directions: From 53rd Street, through WWV gate straight ahead past clubhouse, left on Formosa Circle to 5119 on left.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2012
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-1270
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: Closet Cabinetry, High Ceilings, Pantry, Walk-In Closet(s)
  • Living Area: 2000.0
  • Stories: 1
  • Window Features: Single Hung
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Few Trees, < 1/4 Acre
  • Pool Features: Pool, Community
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake, Pond
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: Southwest
  • Exterior Features: Sprinkler/Irrigation, Rain Gutters
  • Patio And Porch Features: Patio, Screened
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage

Utilities

  • Laundry Features: Laundry Room, Laundry Tub, In Unit
  • Security: Security System Owned, Gated Community, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Tennis Court(s), Gutter(s), Pool
  • Association Fee: 380.0
  • Association Name: AR Choice Mgmt
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Internet, Maintenance Grounds, Recreation Facilities, Security

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 32392100011000000349.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2694.0
  • Tax Lot: 349A
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 4, 2021
Sold by
Flynn W Patrick W and Flynn Patricia M
Bought by
Straley John and Straley Marilyn
Seller's Agent
Brad Shearer
Berkshire Hathaway Florida
Buyer's Agent
Kelly Fischer
EXP Realty, LLC
List Price
$400,000
Sold Price
$405,000
Premium/Discount to List
$5,000
1.25%
Current Estimated Value
$538,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,888
Avg. Annual Appreciation
6.58%

Purchase Details

Closed on
Oct 23, 2012
Sold by
Divosta Homes Lp
Bought by
Flynn W Patrick and Flynn Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,225
Interest Rate
3.53%
Mortgage Type
New Conventional
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
Straley John -- Attorney
Straley John $405,000 Attorney
Flynn W Patrick $233,300 Pgp Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flynn W Patrick $93,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $405,000 +1.3% $203 / Sq Ft
05/07/2021 05/07/21 For Sale $400,000 -- $200 / Sq Ft
Source: REALTORS® Association of Indian River County

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
2024 $5,695 $409,151 $34,000 $375,151
2023 $5,695 $386,687 $0 $0
2022 $5,100 $351,534 $34,000 $317,534
2021 $2,708 $214,858 $0 $0
2020 $2,694 $211,892 $0 $0
2019 $2,695 $207,128 $0 $0
2018 $2,670 $203,266 $0 $0
2017 $2,644 $199,085 $0 $0
2016 $2,608 $194,990 $0 $0
2015 $2,699 $193,640 $0 $0
2014 $2,621 $192,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brad Shearer

    Berkshire Hathaway Florida

    (772) 538-0330

    1 in this area

    26 Total Sales

    Brad Shearer
    Section Image
  • Kelly Fischer

    Buyer's Agent in 2021

    Kelly Fischer

    EXP Realty, LLC

    (772) 321-6397

    12 in this area

    368 Total Sales

    Kelly Fischer
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 243454

APN: 32-39-21-00011-0000-00349.0

Florida Indian River County Vero Beach 32967 Waterway Village

5119 Formosa Cir, Vero Beach, FL

This home is located at 5119 Formosa Cir, Vero Beach, FL 32967 since 07 May 2021 and is currently estimated at $538,888, approximately $269 per square foot. This property was built in 2012. 5119 Formosa Cir is a home located in Indian River County with nearby schools including Dodgertown Elementary School, Storm Grove Middle School, and Sebastian River High School.

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