NOT LISTED FOR SALE

1150 Reef Rd Unit A1 Vero Beach, FL 32963

Estimated Value: $709,000 - $1,015,000

3 Beds
3 Baths
1,601 Sq Ft
2.63 Acres

Last Sold April 05, 2021

Last sale price $700,000 $437 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,640/month

55 Days on Market

Highlights

  • Ocean Front
  • Heated Pool
  • Elevator
  • Beachland Elementary School Rated A-
  • Clubhouse
  • Hurricane or Storm Shutters

About This Home

As of April 2021

Direct oceanfront with breathtaking views! This spacious condo features 3BR, 3BA and an open floor plan. Glass-enclosed porch overlooks the ocean & beach. Sabal Reef residents enjoy a community clubhouse, heated pool, on-site mgr. and private beach access, plus 2-car garage space, large storage room. 3rd bedroom used as office/den. 1 pet up to 20-lbs. with approval.

Last Agent to Sell the Property

Judy Hargarten

The Moorings Realty Sales Co. License #0158761 Listed on: 01/09/2021

Last Buyer's Agent

Judy Hargarten

The Moorings Realty Sales Co. License #0158761 Listed on: 01/09/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,181

Year Built

  • Built in 1976

Lot Details

  • Ocean Front
  • West Facing Home

Parking

  • 2 Car Garage
  • Garage Door Opener

Property Views

  • Ocean
  • Garden

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 1,601 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Crown Molding
  • Blinds
  • Sliding Doors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Pool

  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 33402700009002000001.0

Community Details

Overview

  • Association fees include common areas, maintenance structure, recreation facilities, sewer, security, trash, water
  • Paradise Association Mgmt Association
  • Sabal Reef Condo Subdivision

Amenities

  • Trash Chute
  • Clubhouse
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Phone Entry
  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,181

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: N/A
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: Sabal Reef Condo
  • Directions: From 17th St. Bridge, south on Hwy. A1A to The Moorings. East on Galleon Drive; right on Reef Rd. to Sabal Reef on left.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 3
  • Year Built: 1976
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Attached
  • Attribution Contact: 772-231-5131
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: Built-in Features, Crown Molding, Walk-In Closet(s)
  • Living Area: 1601.0
  • Stories: 3
  • Window Features: Blinds, Single Hung
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Other
  • Pool Features: Electric Heat, Heated, Pool, Community
  • View: Garden, Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Porch, Storm/Security Shutters
  • Patio And Porch Features: Enclosed, Porch
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Covered, Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Closet, In Unit
  • Security: Phone Entry, Security Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Elevator, Property Manager On-Site, Storage Facilities, Trash Chute, Pool
  • Association Fee: 933.0
  • Association Name: Paradise Association Mgmt
  • Pets Allowed: Yes, Number Limit, Size Limit
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Structure, Other, Recreation Facilities, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 33402700009002000001.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9181.0
  • Tax Lot: N/A
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2021
Closed on
Apr 5, 2021
Sold by
Larsen John E and Larsen John E
Bought by
Cornell James C and Cornell Lea G
Seller's Agent
Judy Hargarten
The Moorings Realty Sales Co.
Buyer's Agent
Judy Hargarten
The Moorings Realty Sales Co.
List Price
$850,000
Sold Price
$700,000
Premium/Discount to List
-$150,000
-17.65%
Current Estimated Value
$893,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,748
Avg. Annual Appreciation
5.36%
Original Mortgage
$490,000
Outstanding Balance
$438,015
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$455,733

Purchase Details

Closed on
Apr 9, 2013
Sold by
Larsen John E
Bought by
Larsen John E

Purchase Details

Closed on
Jun 11, 1999
Sold by
Matthews Lucille W
Bought by
Larsen John E and Larsen Nancy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.04%
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
Cornell James C $700,000 American Title Services
Larsen John E -- Attorney
Larsen John E $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cornell James C $490,000
Previous Owner Larsen John E $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2021 04/05/21 Sold $700,000 -17.6% $437 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $850,000 -- $531 / Sq Ft
Source: REALTORS® Association of Indian River County

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 $11,321 $835,402 -- $835,402
2024 $11,203 $835,402 -- $835,402
2023 $11,203 $835,402 $0 $835,402
2022 $9,178 $645,796 $0 $645,796
2021 $9,051 $615,044 $0 $615,044
2020 $9,181 $615,044 $0 $615,044
2019 $9,458 $615,044 $0 $615,044
2018 $9,220 $591,388 $0 $591,388
2017 $9,372 $591,388 $0 $0
2016 $8,993 $561,000 $0 $0
2015 $6,554 $428,830 $0 $0
2014 $6,402 $425,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Judy Hargarten

    The Moorings Realty Sales Co.

    (772) 473-6024

    43 in this area

    44 Total Sales

    Judy Hargarten
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 239734

APN: 33-40-27-00009-0020-00001.0

Florida Indian River County Vero Beach 32963

1150 Reef Rd Unit A1, Vero Beach, FL

Not Listed for Sale

Condos

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