NOT LISTED FOR SALE

5124 Formosa Cir Vero Beach, FL 32967

Waterway Village Neighborhood

Estimated Value: $515,842 - $594,000

3 Beds
3 Baths
2,000 Sq Ft
$281/Sq Ft Est. Value

Last Sold May 29, 2019

Last sale price $365,000 $182 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,295/month

82 Days on Market

Highlights

  • Lake Front
  • Outdoor Pool
  • Gated Community
  • Fitness Center
  • Home fronts a pond
  • Clubhouse

About This Home

As of May 2019

PICTURE PERFECT newer Oakmont w/screened-in pool & lanai with southern exposure & water view of lake. 3BR, 3B + Den w/tile floors throughout living area, Upgrades include granite counters, wood cabinets, stainless appliances, Washer/dryer, 2 car garage! Furniture negotiable! Only lived in 6 months TOTAL!

Last Agent to Sell the Property

David Riley

One Sotheby's Int'l Realty License #3092901 Listed on: 02/05/2019

One Sotheby's Int'l Realty

Co-Listed By

Linda Riley

One Sotheby's Int'l Realty License #3223787

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,411

Year Built

  • Built in 2012

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x135
  • Home fronts a pond
  • Lake Front
  • North Facing Home

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

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

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Pool

  • Outdoor Pool
  • Heated Pool
  • Screen Enclosure

Outdoor Features

  • Screened Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 390A
  • Assessor Parcel Number 32392100011000000390.0

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Security

  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,411

Year Built

Built in 2012

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Lot Size: 50x135
  • Road Surface Type: Paved
  • Co List Office Mls Id: 0225
  • Co List Office Phone: 772-492-1002
  • Ownership: Single Family/Other
  • Subdivision Name: Isles at Waterway Village
  • Directions: 58TH Ave north to 53RD St, right on 53rd St, right into Isles of Waterway Village, left onto Formosa Cir to 5124 Formosa Cir
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2012
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-492-1002
  • Special Features: None
  • 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: Tile
  • Interior Amenities: High Ceilings, Split Bedrooms
  • Living Area: 2000.0
  • Stories: 1
  • Window Features: Blinds, Window Treatments

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: Electric Heat, Heated, Pool, Private, Screen Enclosure, Community
  • Pool Private: Yes
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake, Pond
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Storm/Security Shutters
  • Patio And Porch Features: Patio, Screened
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Room
  • Security: 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, Fitness, Other, Playground, Property Manager On-Site, Tennis Court(s), Pool
  • Association Fee: 347.0
  • Pets Allowed: Yes

Fee Information

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

Lot Info

  • Parcel #: 32392100011000000390.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4411.0
  • Tax Lot: 390A
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2019
Closed on
May 27, 2019
Sold by
Armaghanian Matheos and Sani Ersilia
Bought by
May Cathy Ann and May Joseph A
Seller's Agent
David Riley
One Sotheby's Int'l Realty
List Price
$389,000
Sold Price
$365,000
Premium/Discount to List
-$24,000
-6.17%
Current Estimated Value
$562,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,211
Avg. Annual Appreciation
6.96%
Original Mortgage
$185,000
Outstanding Balance
$162,660
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$399,551

Purchase Details

Closed on
Dec 14, 2012
Sold by
Divosta Homes Lp
Bought by
Armaghanian Matheos and Sani Ersilia
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
May Cathy Ann $365,000 Oceanside Title & Escrow
Armaghanian Matheos $275,300 Pgp Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open May Cathy Ann $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2019 05/29/19 Sold $365,000 -6.2% $183 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $389,000 -- $195 / 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 $4,148 $344,375 -- --
2023 $4,148 $324,921 $0 $0
2022 $4,042 $315,457 $0 $0
2021 $4,037 $306,269 $34,000 $272,269
2020 $4,130 $309,137 $34,000 $275,137
2019 $4,779 $304,887 $29,750 $275,137
2018 $4,411 $277,187 $29,750 $247,437
2017 $4,411 $272,937 $0 $0
2016 $4,200 $261,570 $0 $0
2015 $3,930 $229,940 $0 $0
2014 $3,527 $209,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    David Riley

    One Sotheby's Int'l Realty

    (772) 321-5984

    16 in this area

    23 Total Sales

    David Riley
    Section Image

  • L

    Seller Co-Listing Agent in 2019

    Linda Riley

    One Sotheby's Int'l Realty

    (772) 321-4886

    9 in this area

    15 Total Sales

    Linda Riley
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 215442

APN: 32-39-21-00011-0000-00390.0

Florida Indian River County Vero Beach 32967 Waterway Village

5124 Formosa Cir, Vero Beach, FL

This home is located at 5124 Formosa Cir, Vero Beach, FL 32967 since 05 February 2019 and is currently estimated at $562,211, approximately $281 per square foot. This property was built in 2012. 5124 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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