NOT LISTED FOR SALE

1070 Reef Rd Unit 106 Vero Beach, FL 32963

Estimated Value: $876,619 - $1,193,000

3 Beds
2.5 Baths
2,168 Sq Ft
$1,083/mo HOA Fee

Last Sold April 08, 2019

Last sale price $582,000 $268 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,108/month

138 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • Elevator
  • Beachland Elementary School Rated A-
  • Community Pool
  • Bike Room

About This Home

As of April 2019

Rarely available 1st floor 3BR/2.5 Ba popular Galleons has ocean views and lives like a true home with a generous 2168 sq. ft.! Wide, split bedroom floor plan offers privacy and expansive vistas from one of two screened patios. Well maintained and wonderful custom built-ins throughout. Ample 1 car garage w/storage. Enjoy the resort lifestyle and easy access to pool and beach.

Last Agent to Sell the Property

Karen Smith

Inactive Member License #3213399 Listed on: 10/21/2018

Last Buyer's Agent

Karen Smith

Inactive Member License #3213399 Listed on: 10/21/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,871

Year Built

  • Built in 1982

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $1,083 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Property Views

  • Ocean
  • Garden

Home Design

  • Concrete Roof

Interior Spaces

  • 2,168 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Ceiling Fan
  • Bay Window
  • Entrance Foyer
  • Combination Dining and Living Room

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 33402700020000000106.0

Community Details

Overview

  • Association fees include common areas, insurance, maintenance structure, pest control, pool(s), recreation facilities, reserve fund, roof, sewer, trash, water
  • Galleons, The Condo Subdivision

Amenities

  • Elevator
  • Bike Room

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,871

Year Built

Built in 1982

Lot Details

0

HOA Fees

$1,083 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: IN INDIAN RIVER COUNTY:A1A south of 17th St. Bridge to Galleons Drive in the Moorings. Turn east, then on to The Galleons community.
  • Year Built: 1982
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Entrance Foyer, Living/Dining Room, Split Bedrooms, Walk-In Closet(s), Bay Window
  • Furnished: Negotiable
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Living Area: 2168.0
  • Stories: 3

Exterior Features

  • Exterior Features: Patio
  • View: Garden, Ocean
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Detached, Garage

Utilities

  • Security: Security Guard
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1083.0
  • Community Features: Pool
  • Senior Community: No
  • Amenities: Bike Storage, Fitness Center, Pool, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Structure, Pest Control, Pool(s), Recreation Facilities, Reserve Fund, Roof, Sewer, Trash, Water

Lot Info

  • Parcel #: 33402700020000000106.0
  • Zoning Description: RESIDENT

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6871.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2018
Closed on
Apr 1, 2019
Sold by
Mertz Timothy R
Bought by
Savage Judith C
Seller's Agent
Karen Smith
Inactive Member
Buyer's Agent
Karen Smith
Inactive Member
List Price
$650,000
Sold Price
$582,000
Premium/Discount to List
-$68,000
-10.46%
Current Estimated Value
$984,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,905
Avg. Annual Appreciation
8.21%
Original Mortgage
$465,600
Outstanding Balance
$409,523
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$575,382

Purchase Details

Closed on
Aug 10, 2011
Sold by
Meathe James B and Meathe Lawrence P
Bought by
Mertz Timothy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2008
Sold by
Bossonney Carol M
Bought by
Meathe James B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Savage Judith C $582,000 Oceanside Title & Escrow
Mertz Timothy R $400,000 None Available
Meathe James B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Savage Judith C $465,600
Previous Owner Mertz Timothy R $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2019 04/08/19 Sold $582,000 0.0% $268 / Sq Ft View Prior Sale
04/08/2019 04/08/19 Sold $582,000 -10.5% $268 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
03/09/2019 03/09/19 Pending -- -- --
10/21/2018 10/21/18 For Sale $650,000 0.0% $300 / Sq Ft
05/14/2018 05/14/18 For Sale $650,000 -- $300 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,184 $722,859 -- $722,859
2024 $9,084 $722,859 -- $722,859
2023 $9,084 $585,406 $0 $0
2022 $7,744 $558,796 $0 $558,796
2021 $7,143 $483,806 $0 $483,806
2020 $7,244 $483,806 $0 $483,806
2019 $7,461 $483,806 $0 $483,806
2018 $7,486 $483,806 $0 $483,806
2017 $6,871 $431,970 $0 $0
2016 $6,618 $411,400 $0 $0
2015 $6,283 $374,000 $0 $0
2014 $5,636 $340,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Karen Smith

    One Sotheby's Int'l Realty

    (772) 559-1295

    11 in this area

    59 Total Sales

    Karen Smith
    Section Image

  • C

    Seller Co-Listing Agent in 2019

    Charlotte Terry

    Alex MacWilliam, Inc.

    (772) 231-6509

    11 in this area

    125 Total Sales

    Charlotte Terry
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10474444

BeachesMLS

APN: 33-40-27-00020-0000-00106.0

Florida Indian River County Vero Beach 32963

1070 Reef Rd Unit 106, Vero Beach, FL

Not Listed for Sale

Condos

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