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Indian River 32967
4945 Corsica Square
$370,000
● House - Off Market

4945 Corsica Square

Vero Beach, FL 32967
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,541 Ft²
$2,605
Est. Monthly
$414
HOA / Fees
4.01%
Cap Rate

About This Property

Charming 2-bed, 2-bath townhome in desirable Corsica Square, Vero Beach. This 2006-built home offers modern finishes, open living spaces, and a spacious kitchen with stainless steel appliances. The master suite includes a walk-in closet and en-suite bath. Enjoy outdoor living with a private patio. The community features a pool, clubhouse, and one of the best locations with easy access to shopping, dining, and beaches. Ideal for low-maintenance living in a tranquil neighborhood.
Unit Size
1,541 Ft²
Days on Market
70 days
Land Size
-
Price per sqft
$250
Property Type
House
Property Taxes
$300
HOA Dues
$414
Year Built
2006

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Indian River #280761)

Price History

Date / Event Date Event Price
Oct 30, 2024 Sold
Premium
Sold
Aug 21, 2024 Listed by EXP Realty, LLC $385,000
Listed by EXP Realty, LLC
Oct 18, 2021 Sold
Premium
Sold
Oct 19, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 14
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 92
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 361
  • Total Building Area: 1,982
  • Gross Building Area: 2,147
  • Building Area: 1,541
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,541
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ISLES AT WATERWAY VILLAGE PD PLAT 1B
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: ISLES OF WATERWAY VILLAGE PD PLAT 1B LOT 176 PBI 21-85

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050811

Zoning

  • Zoning: PD

Geography

  • Parcel: 32-39-21-00010-0000-00176.0
  • Lot: 176
  • Meridian: SEC 21 TWN 32S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.684
  • Longitude: -80.4434

    Address

  • Full Address: 4945 Corsica Sq
  • Address - House Number: 4945
  • Address - Street Name: Corsica
  • Address - Suffix Type: Sq
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R052
  • 4-Digit Zip Code: 7686
  • Zip Code: 32967

Valuation

    Tax

  • Total Area: 1,828
  • Tax Year: 2022
  • Tax Amount: $351,067
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2059
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 429,229
  • High Value: 517,638
  • Low Value: 340,819

    Market Valuation

  • Market Total Value: $277,572
  • Market Land Value: $21,250
  • Market Improvement Value: $256,322

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $277,572
  • Assessed Land Value: $21,250
  • Assessed Improvements Value: $256,322

    Sales

  • Current Sale Contract Date: Oct 15, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210072614
  • Previous Sale Recording Date: Oct 19, 2006
  • Previous Sale Contract Date: Oct 10, 2006
  • Previous Sale Amount: $249,900
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Indian River

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$230

Below Asking

0.03%

Average Days on Market

86

Average Home Size

1970 ft²

Average Home Age

28.3 years

Currently For Sale

1505 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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RAIRC

Listed by: Michael Kanehl, EXP Realty, LLC
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 280761
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 4945 Corsica Square built and last sold?
The property at 4945 Corsica Square was built in 2006 and last sold on Oct 15, 2021 for $319,000.
How much is this home worth?
The estimated value of the home located at 4945 Corsica Square is $387,867.
What are some comparable homes to 4945 Corsica Square?
There are currently no comparable homes to 4945 Corsica Square.
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