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Indian River 32967
5983 Ridge Lake Circle
$360,000
● House - Off Market

5983 Ridge Lake Circle

Vero Beach, FL 32967
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,616 Ft²
$2,064
Est. Monthly
$77
HOA / Fees
5.85%
Cap Rate

About This Property

This Beautifully maintained 2016 Concrete Block 3/2/2 split floorplan offers comfortable living space in the gated community of Lakes at Sandridge. The bright and open floor plan features spacious tiled living area, well appointed kitchen with custom cabinetry, granite countertops, Stainless Steel appliances, primary suite with large walk in closet, and screened in porch. BRAND NEW Washer, Dishwasher, Microwave, and Water heater! Low HOA. 7 minutes to the beach! Close proximity to some of the best golf in the U.S.!
Unit Size
1,616 Ft²
Days on Market
90 days
Land Size
-
Price per sqft
$229
Property Type
House
Property Taxes
$170
HOA Dues
$77
Year Built
2016

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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 #284224)

Price History

Date / Event Date Event Price
Apr 8, 2025 Sold
Premium
Sold
Feb 13, 2025 In contract -
In contract
Jan 8, 2025 Listed by Billero & Billero Properties $370,000
Listed by Billero & Billero Properties
Jul 8, 2016 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • 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: 6
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,016
  • Gross Building Area: 2,128
  • Building Area: 1,616
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,616
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKES AT SANDRIDGE PHASE II PD, THE
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 00
  • Legal Description 1: LAKES AT SANDRIDGE PHASE II PD, THE LOT 36 PBI 20-94

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050812

Zoning

  • Zoning: RM-3

Geography

  • Subdivision Phase Number: 2
  • Parcel: 31-39-32-00006-0000-00036.0
  • Lot: 36
  • Meridian: SEC 32 TWN 31S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.7472
  • Longitude: -80.4488

    Address

  • Full Address: 5983 Ridge Lake Cir
  • Address - House Number: 5983
  • Address - Street Name: Ridge Lake
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R042
  • 4-Digit Zip Code: 5093
  • Zip Code: 32967

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $187,169
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 375,525
  • High Value: 446,247
  • Low Value: 304,804

    Market Valuation

  • Market Total Value: $243,806
  • Market Land Value: $17,000
  • Market Improvement Value: $226,806

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $160,117

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2016
  • Current Sale Recording Date: Jul 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3120160039324
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:

$389,000

Sale Price/ft²

$229

Below Asking

0.03%

Average Days on Market

85

Average Home Size

1977 ft²

Average Home Age

28.5 years

Currently For Sale

1539 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 8012 Us Highway 1, Vero Beach, FL, 32967

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,026 ft²
8012 Us Highway 1, Vero Beach, FL, 32967 Listing by Jaime Aguilar

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Joshua R Dorr, Billero & Billero Properties
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 284224
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 5983 Ridge Lake Circle built and last sold?
The property at 5983 Ridge Lake Circle was built in 2016 and last sold on Jun 30, 2016 for $179,900.
How much is this home worth?
The estimated value of the home located at 5983 Ridge Lake Circle is $0.
What are some comparable homes to 5983 Ridge Lake Circle?
There are currently no comparable homes to 5983 Ridge Lake Circle.
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