$530,000
SOLD OCT 4, 2024

1406 36th Ave Unit 1406 & 1408 Vero Beach, FL 32960

-- Bed
-- Bath
-- Sq Ft
0.32 Acres

Recently Sold

15% Below List Price

77 Days on Market

Highlights

  • High Ceiling
  • Covered patio or porch
  • Laundry closet
  • Vero Beach High School Rated A-
  • Walk-In Closet
  • Sliding Doors

About This Home

As of October 2024

Create an Investment Advantage in this totally remodeled 4bd 6bth Duplex. Purchase and regulate cashflow from rental income or occupy one side and rent the other while benefiting from upside potential. This Duplex has been remodeled with luxurious high end finishes in both units 1406 & 1408. Pull up to a well maintained manicured fenced and split yard for privacy and seclusion, 2 Huge covered/screened patios plus utility room. Inside boast New granite counters, luxury flooring, stainless appliances, solid wood cabinetry, floating shelves, fixtures, lighting, a.c and WH 2023. 10 min to Beaches!

Last Agent to Sell the Property

Tareek Beasley

Keller Williams Realty of VB Brokerage Phone: 772-321-1288 License #3412996 Listed on: 07/17/2024

Keller Williams Realty of VB

Last Buyer's Agent

Nancy Acevedo

LPT Realty, LLC License #3442525

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,263

Year Built

  • Built in 1988

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • High Ceiling
  • Sliding Doors
  • Fire and Smoke Detector
  • Laundry closet

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Additional Features

  • Covered patio or porch
  • 0.32 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, grounds care, sewer, water
  • Tax Lot 1
  • Assessor Parcel Number 33391000026000000001.0

Community Details

Overview

  • Villas Of Vero Beach Subdivision

Building Details

  • 2 Separate Electric Meters
  • Insurance Expense $2,800
  • Maintenance Expense $1,000
  • Operating Expense $10,424
  • Gross Income $60,000
  • Net Operating Income $49,576

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,263

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Lot Size: N/A
  • Road Surface Type: Paved
  • Subdivision Name: Villas of Vero Beach
  • Directions: From 16th street going west make left onto 36th ave. Drive down to 1408 and 1406 on left.
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1988
  • Attribution Contact: 772-321-1288
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Residential
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Interior Amenities: High Ceilings, Split Bedrooms, Walk-In Closet(s)
  • Stories: 2
  • Window Features: Single Hung

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Porch
  • Patio And Porch Features: Covered, Porch
  • Roof: Shingle

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Laundry Closet, In Unit
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: N/A

Lot Info

  • Current Use: Residential
  • Parcel #: 33391000026000000001.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Grounds Care, Sewer, Water

Multi Family

  • Annual Gross Income: 60000.0
  • Insurance Expense: 2800.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 49576.0
  • Annual Operating Expense: 10424.0
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Annual Amount: 3263.0
  • Tax Lot: 1
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Sep 25, 2024
Sold by
Sandvig Samantha
Bought by
Antique Alley Llc
Seller's Agent
Tareek Beasley
Keller Williams Realty of VB
Buyer's Agent
Nancy Acevedo
LPT Realty, LLC
List Price
$625,000
Sold Price
$530,000
Premium/Discount to List
-$95,000
-15.2%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.73%

Purchase Details

Closed on
Mar 23, 2022
Sold by
Yellow Kid Inc
Bought by
Sandvig Samantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2014
Sold by
Mclaughlin Michael and Mclaughlin Margaret
Bought by
Yellow Kid Inc

Purchase Details

Closed on
Nov 5, 2014
Sold by
Lee William C and Lee Amelia S
Bought by
Yellow Kid Inc

Purchase Details

Closed on
May 30, 2014
Sold by
Mclaughlin Michael and Mclaughlin Margaret
Bought by
Lee William C and Lee Amelia L

Purchase Details

Closed on
Jan 10, 2002
Sold by
Hampson Dorothy M
Bought by
Mclaughlin Michael and Mclaughlin Margaret S

Purchase Details

Closed on
Dec 29, 2000
Sold by
Rogers Rae Lynne and Giacoletto Rae L
Bought by
Hampson Dorothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $530,000 Patch Reef Title
Warranty Deed $212,500 Elite Title Of The Treasure Co
Warranty Deed -- Attorney
Quit Claim Deed -- Attorney
Warranty Deed $170,000 Attorney
Warranty Deed $84,000 --
Warranty Deed $78,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $170,000 New Conventional
Previous Owner $75,000 Credit Line Revolving
Previous Owner $72,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $550,000 -8.2% --
04/30/2025 04/30/25 Price Changed $599,000 -4.2% --
02/18/2025 02/18/25 For Sale $625,000 +17.9% --
10/04/2024 10/04/24 Sold $530,000 -11.7% --
08/15/2024 08/15/24 Price Changed $599,900 -4.0% --
07/18/2024 07/18/24 For Sale $625,000 -- --
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
2024 $3,263 $198,945 $19,460 $179,485
2023 $3,263 $201,160 $19,460 $181,700
2022 $2,269 $168,863 $19,460 $149,403
2021 $1,902 $120,673 $19,460 $101,213
2020 $1,673 $96,830 $19,460 $77,370
2019 $1,810 $108,693 $19,460 $89,233
2018 $1,683 $99,099 $18,069 $81,030
2017 $1,583 $93,633 $0 $0
2016 $1,420 $79,720 $0 $0
2015 $1,300 $67,390 $0 $0
2014 $1,145 $61,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 279903

APN: 33-39-10-00026-0000-00001.0