What’s My Unit Worth?
Of course, we don’t know.
But we do have perfect hindsight into how sales have trended at Somerset over the years.
Caution!
If you’re going to sell your unit, you need a broader view of
all sales in our area, not just the recent sales at Somerset. This is where
a realtor can come in handy (and feel free to share this data with them!)
Here we summarize the annual sales trends using every single sale of every Somerset unit beginning with the first sale in 2003.
Next we’ll explain how this information can be used to help in
calculating a "back of the napkin" value for a specific unit.
Complete Sales History
Calculating a backofthenapkin value for a unit.
If you’d like to find the value for a specific unit using the above
chart (let’s assume its a Mediterranean unit on the 6^{th}
floor), you would:

Find the Basis value we used for that unit in the tables below (using its floor number and floor plan.)
For our example unit you’d scroll to the table for the 6^{th}
floor (below), then look at the center column (Mediterranean), and find
$399,900 in the bottom row. This is the
unit’s Basis.

Adjust the Basis for the unique characteristics of the unit (see assumptions).
Let’s say the unit has two garages, so you add $25,100 for the extra
garage.
Your adjusted Basis is now $425,000.

Guided by the Sales Trend table (above), pick a growth rate you’re
confortable with, and then multiply
your adjusted Basis by that percentage.
You decide to go with 112%. So, you multiply
$425,000 x 1.12 to get a value of $476,000.

If you’re selling or buying the unit, take your calculations (and a
printed copy of this page) to your agent. They’ll help you
adjust the value for other market conditions and come up with a target price.
Somerset’s Buildings and Units
Somerset has 120 units split evenly between 4 identicallyconfigured buildings. Each
building has covered, deeded parking on the ground floor, and 6 more floors, with 5 units on each
floor.
Unit Numbers are 4 numeric digits. The first is the building number (14). The second is the floor number (27), and the last two are the unit number (01,02,03,04,05).
For example, unit number 2304 is in building 2, on floor 3, and is unit 04.
 Catabrianne
This is the center of the 5 units on each floor, and is the smallest floor plan.
The last two digits of this unit number is 03
 Mediterranean
There are two of these, one on either side of the center unit.
They share the same (but mirrored) floor plans.
The last two digits of the northernmost’s unit number ends in 02, the other ends in 04
 Atlantic
These are the largest of the 5 units; one at the north end of the floor (unit number ends in 01), the other at the south end (ends in 05).
They share the same (but mirrored) floor plans.
Given that some units have never been resold, and that some that have
sold, haven’t been sold recently, we must gather units into
groups in order to see a realistic annual Trends.
These groups should be big enough that they include recent sales. But they should be small enough to preserve what really matters in the market:
 The floor number matters.
The higher the floor, the more it’s worth.
 The floorplan matters.
Larger units (and end units, which have a unique floor plan) sell for more.
So, we group together units that are on the same floor and that share the same floor plan  even if they are in different buildings.
Units can vary in their flooring and sliders; have a different number of parking spots (some with private entrances).
Some units are sold with furnishings included.
Some unit sales are between
family members, so the price might not be a "fair market price".
So, under no conditions should this data be used to establish the current market value
of (or sale price for) a specific unit!
Since we only distinguish between floor number and floor plans, we provide one table for each floor. Each table contains 3 columns of sales (ordered by date), one for each floor plan.
This table includes all sales recorded in the
Brevard County Property Appraiser
(public) web site
as of 20180512 .
All information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals.
Sales and Sales Trend information is provided for consumer personal, noncommercial use;
all other use is strictly prohibited and may violate relevant federal and state law.