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Indian River 32967
5022 Monroe Circle
$465,000
● House - Off Market

5022 Monroe Circle

Vero Beach, FL 32967
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,671 Ft²
$3,275
Est. Monthly
$500
HOA / Fees
2.86%
Cap Rate

About This Property

This 2020 built 3-bedroom, 2-bath single-family home offers impact glass throughout and a fully fenced yard on a lot with a high landscaped berm for added privacy. The kitchen features a granite island with stainless steel appliances and access to the extended pavered screened lanai. Large laundry room with storage for added convenience. Located in a fantastic, gated community with top-notch amenities, including a state-of-the-art clubhouse, fitness center, resort-style pool, and community rooms. Enjoy outdoor activities with access to tennis and pickleball courts. Sizes approx./subj. to error
Unit Size
1,671 Ft²
Days on Market
234 days
Land Size
-
Price per sqft
$278
Property Type
House
Property Taxes
$491
HOA Dues
$500
Year Built
2020

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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 #281145)

Price History

Date / Event Date Event Price
Apr 28, 2025 Sold
Premium
Sold
Apr 1, 2025 In contract -
In contract
Mar 27, 2025 Price Decreased $465,000
↓ $35K (7%)
Price Decreased
Mar 11, 2025 Price Decreased $500,000
↓ $20K (3.9%)
Price Decreased
Feb 19, 2025 Price Decreased $520,000
↓ $15K (2.8%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 417
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Frontage Feet: 69,696
  • Total Building Area: 2,086
  • Gross Building Area: 2,086
  • Building Area: 1,669
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,669
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKES AT WATERWAY VILLAGE PD - PODS M,N,
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LAKES AT WATERWAY VILLAGE PD PODS M,N,O,P LOT 248 PBI 30-44

Neighborhood

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

Zoning

  • Zoning: PD

Geography

  • Parcel: 32-39-21-00015-0000-00248.0
  • Lot: 248
  • Meridian: SEC 21 TWN 32S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6853
  • Longitude: -80.4351

    Address

  • Full Address: 5022 Monroe Cir
  • Address - House Number: 5022
  • Address - Street Name: Monroe
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R052
  • 4-Digit Zip Code: 7649
  • Zip Code: 32967

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $526,041
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.0802
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 94
  • Final Value: 532,656
  • High Value: 575,420
  • Low Value: 489,892

    Market Valuation

  • Market Total Value: $390,587
  • Market Land Value: $29,750
  • Market Improvement Value: $360,837

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $390,587
  • Assessed Land Value: $29,750
  • Assessed Improvements Value: $360,837

    Sales

  • Current Sale Contract Date: Apr 28, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120200024009
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:

$390,000

Sale Price/ft²

$230

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1953 ft²

Average Home Age

28.5 years

Currently For Sale

1733 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

Unit for rent at 4819 51st Court, Vero Beach, FL, 32967

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,701 ft²
4819 51st Court, Vero Beach, FL, 32967 Listing by Rhonda L Beasley

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Kimberly A Taylor, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 281145
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 5022 Monroe Circle built and last sold?
The property at 5022 Monroe Circle was built in 2020 and last sold on Apr 28, 2020 for $322,800.
How much is this home worth?
The estimated value of the home located at 5022 Monroe Circle is $0.
What are some comparable homes to 5022 Monroe Circle?
There are currently no comparable homes to 5022 Monroe Circle.
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