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Tuesday, June 07, 2016

Indian River Colony Club in Viera - Market Update June 2016

Presented here is a summary of the real estate market in the 55+ gated country club community in Viera, Florida known as Indian River Colony Club as of June 7, 2016.  At the bottom of this post is a link to all you need to know about IRCC!

What is currently for sale at Indian River Colony Club?

As of today (June 7, 2016) there are twenty-seven homes for sale in the Indian River Colony Club community. 

Listing prices range from $139,000 to $249,900.  The four smallest homes for sale offer between 1,467 and 1,560 sq.ft. under air.  Most of the current homes for sale in IRCC are closer to 2,000 sq.ft. under air (+/- 100 sq.ft.).

Most of the homes for sale were built in the 1988-1990 period although seven were built between 1995 and 1997.  (Ask me about the new construction at Indian River Colony Club.)

One thing about homes for sale in IRCC...  You have to see the differences in the homes as price does not necessarily tell the whole story.  The lowest priced home as well as the highest priced homes for sale in IRCC right now have had some updates.

On the other hand, many of the others lack the updates.  Over half of the homes on the market are priced below $180,000 and offer from two to four bedrooms and two to two and a half bathrooms.   Every home for sale in IRCC is a standard sale.

What has recently sold at Indian River Colony Club?

Over the past six months there have been twenty-four homes sold in IRCC as reported in the Brevard MLS system.   Selling prices ranged for $104,000 to $266,500 with the average selling price about $179,500.

Since May 1, 2016 there have been nine homes sold in IRCC with an average selling price near the $170,000 mark.

The two most recent sales included
  • 1633 Independence Avenue - This 1993 built 3/2/2 with 1,821 sq.ft. under air sold on June 1, 2016 for $168,000 (Reported monthly fees fro this model approximately $840/month)
  • 1549 Freedom Drive - Built in 1989 this 4/2.5/2 with 2,389 sq.ft. sold for $173,750.  (Reported monthly fees for this model approximately $940/month)
It should be noted the monthly fees are not HOA fees.   Indian River Colony Club is a Private Country Club with an extensive maintenance program for each home, Indian River Colony Club is a not-for profit corporation.   It is NOT a HOA.  The monthly fees listed are for the country club dues, club minimums and the extensive maintenance program for each home.

Call or text me at 321-693-3850 for more information on 55+ communities in Florida.

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