NOT LISTED FOR SALE

1450 Ocean Dr Unit 1B Vero Beach, FL 32963

Estimated Value: $1,351,000 - $1,952,000

3 Beds
3 Baths
2,477 Sq Ft
4,792 Sq Ft Lot

Last Sold December 17, 2019

Last sale price $1,300,000 $525 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $10,375/month

10 Days on Market

Highlights

  • Ocean Front
  • Heated Pool
  • Hydromassage or Jetted Bathtub
  • Beachland Elementary School Rated A-
  • Gated Community
  • Elevator

About This Home

As of December 2019

Rarely available oceanfront condo in coveted Bay Colony community. Beautifully updated and decorated with nearly 2,500 SF, 3 bedrooms and 3 baths plus den (Possible 4th BR). Exceptional ocean views from the spacious covered terrace and just steps to the community pool and beach. Separate 2-car garage and under building storage is included. Sizes approx./subj. to error.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 11/06/2019

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

NON-MLS AGENT

NON MLS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,538

Year Built

  • Built in 1999

Lot Details

  • Ocean Front
  • West Facing Home

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Tile Roof

Interior Spaces

  • 2,477 Sq Ft Home
  • 3-Story Property
  • Crown Molding
  • Sliding Doors
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Laundry Tub

Home Security

Pool

  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 33400800016000000001.2

Community Details

Overview

  • Association fees include common areas, insurance, maintenance structure, reserve fund, sewer, security, trash, water
  • Bay Colony Subdivision

Amenities

  • Elevator

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Phone Entry
  • Gated Community
  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,538

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: N/A
  • Ownership: Condo
  • Subdivision Name: Bay Colony
  • Directions: 17th Street east to Ocean Drive. Go right to Bay Colony on left.
  • Architectural Style: Three Story
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 3
  • Year Built: 1999
  • Property Sub Type Additional: Attached
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: Bathtub, Closet Cabinetry, Crown Molding, Jetted Tub, Pantry, Split Bedrooms, Walk-In Closet(s)
  • Living Area: 2477.0
  • Stories: 3
  • Window Features: Single Hung, Window Treatments

Exterior Features

  • Lot Features: Other
  • Pool Features: Electric Heat, Heated, Pool, Community
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Disclosures: Pet Restrictions
  • Construction Type: Block, Concrete
  • Direction Faces: West
  • Exterior Features: Balcony, Storm/Security Shutters
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • Security: Gated Community, Phone Entry
  • 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: Elevator, Pool
  • Association Fee: 1092.0
  • Pets Allowed: No
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Structure, Other, Reserve Fund, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 33400800016000000001.2
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 12538.0
  • Tax Lot: N/A
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2021
Sold by
Sutherland Peter and Sutherland Lorraine
Bought by
Sutherland P T P and Sutherland Lorraine
Current Estimated Value
$1,706,760

Purchase Details

Listed on
Nov 6, 2019
Closed on
Dec 17, 2019
Sold by
Miller Rodney B and Miller Kimberly J
Bought by
Sutherland Peter and Sutherland Lorraine
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
NON-MLS AGENT
NON MLS
List Price
$1,375,000
Sold Price
$1,300,000
Premium/Discount to List
-$75,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%

Purchase Details

Listed on
Feb 3, 2017
Closed on
Apr 27, 2017
Sold by
Frank Jammie Lynne and Frank Timothy
Bought by
Miller Rodney B and Miller Kimberly J
Seller's Agent
Joan Cook
Dale Sorensen Real Estate Inc.
Buyer's Agent
Sally Daley
Douglas Elliman Florida LLC
List Price
$1,300,000
Sold Price
$1,185,000
Premium/Discount to List
-$115,000
-8.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$650,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 2, 2008
Sold by
Hackman A James and Moonan Hackman Joan
Bought by
Frank Jamie Lynne
Source: Public Records

Range of Values:

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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
Sutherland P T P -- Accommodation
Sutherland Peter $1,300,000 None Available
Miller Rodney B $1,185,000 Attorney
Frank Jamie Lynne $1,100,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Rodney B $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2019 12/17/19 Sold $1,300,000 -5.5% $525 / Sq Ft
11/17/2019 11/17/19 Pending -- -- --
11/06/2019 11/06/19 For Sale $1,375,000 +16.0% $555 / Sq Ft
04/28/2017 04/28/17 Sold $1,185,000 -8.8% $478 / Sq Ft View Prior Sale
03/29/2017 03/29/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $1,300,000 -- $525 / 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
2024 $16,234 $1,142,202 -- --
2023 $16,234 $1,077,682 $0 $0
2022 $15,780 $1,046,293 $0 $0
2021 $15,601 $1,015,818 $0 $1,015,818
2020 $15,813 $1,015,818 $0 $1,015,818
2019 $12,538 $791,534 $0 $791,534
2018 $15,264 $899,470 $0 $899,470
2017 $10,485 $646,701 $0 $0
2016 $10,367 $633,400 $0 $0
2015 $10,625 $629,000 $0 $0
2014 $9,971 $572,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matilde Sorensen

    Seller's Agent in 2019

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    75 in this area

    243 Total Sales

    Matilde Sorensen
    Section Image

  • N

    Buyer's Agent in 2019

    NON-MLS AGENT

    NON MLS

  • J

    Seller's Agent in 2017

    Joan Cook

    Dale Sorensen Real Estate Inc.

    (772) 231-4712

    17 in this area

    51 Total Sales

    Joan Cook
    Section Image

  • B

    Seller Co-Listing Agent in 2017

    Bill Baysura

    Alex MacWilliam, Inc.

    9 in this area

    41 Total Sales

    Bill Baysura
    Section Image
  • Sally Daley

    Buyer's Agent in 2017

    Sally Daley

    Douglas Elliman Florida LLC

    (772) 538-4503

    37 in this area

    156 Total Sales

    Sally Daley
    Section Image
See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 227181

APN: 33-40-08-00016-0000-00001.2

Florida Indian River County Vero Beach 32963

1450 Ocean Dr Unit 1B, Vero Beach, FL

This home is located at 1450 Ocean Dr Unit 1B, Vero Beach, FL 32963 since 06 November 2019 and is currently estimated at $1,706,760, approximately $689 per square foot. This property was built in 1999. 1450 Ocean Dr Unit 1B is a home located in Indian River County with nearby schools including Beachland Elementary School, Gifford Middle School, and Vero Beach High School.

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