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Tuesday, January 12, 2016

Indian River Colony Club in Viera, Florida - Market Update January 2016

Indian River Colony Club is one of three 55+ communities in Viera, Florida.  This gated community offers residents a private golf course, club, tennis and other amenities.  

The monthly fees are higher compared to the other 55+ communities (Heritage Isle and Grand Isle) primarily because IRCC is resident owned entirely and is a total maintenance community.  

Here is a link to IRCC fees as an example.   These fees are somewhat dated but will provide a general idea of the fee structure.  Also, at the bottom of this post are links to other articles on Viera's 55+ communities.

What is currently for sale in the Indian River Colony Club in Viera, Florida?

Currently there are twenty three homes listed fro sale in the Indian Rive Colony Club community.  List prices range from $150,000 to $329,900 (very high priced as well as large for this community).  All twenty homes for sale in IRCC are standard sales.

The majority of these homes (fifteen) were built between 1989 and 1995.  All of these homes are wood frame except the highest priced listing which is newer (2000 built) and poured concrete.  Monthly fees range from about $850 to upwards of $1,000.  Most are three or four bedrooms with two bathrooms with two car garage although a couple have three car garages. Only two has a private pool.

What has recently sold in IRCC?

Over the past six months there have been twenty seven homes sold in IRCC as reported in the Brevard MLS system.  The selling prices for these homes ranged from $104,000 to $253,000. Of these more than half sold for $150,000 or less.

Since December 1, 2015 there have been seven homes sold in IRCC.   All were standard sales with average price per square foot at about $86.50.   Six of these homes were sold in December and one this month.  Homes sold included:
  • 1329 Independence Ave.  $125,000 (1988 built 2 bedroom 2 bath 2 car garage 1,616 sq.ft.)
  • 1615 Frontier Dr - $130,000 (1990 built 2 bedroom 2 bath 2 car garage 1,616 sq.ft.)
  • 1525 Independence Ave - $140,000 (1992 built 2 bedroom 2 bath 2 car garage 1,523 sq.ft.)
  • 1538 Frontier Dr - $150,000 (1989 built 2 bedroom 2 bath 2 car garage 1,616 sq.ft.)
  • 1129 Continental Ave - $150,700 (1990 built 3 bedroom 2 bath 2 car garage 1,723 sq.ft.)
  • 1435 Patriot Dr - $165,000 (1995 built 3 bedroom 2 bath 2 car garage 1,904 sq.ft.)
  • 1158 Continental Ave - $195,000 (1990 built 3 bedroom 2 bath 2 car garage 2,194 sq.ft.)
Additional links to articles about Viera's 55+ developments:
For information on 55+ communities in Viera, Florida, call or text me at 321-693-3850.

agent@moving2brevard.com

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