NOT LISTED FOR SALE

1501 Ocean Dr Unit 2 Vero Beach, FL 32963

Estimated Value: $1,319,915 - $2,564,000

3 Beds
3.5 Baths
2,336 Sq Ft
$823/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $1,020,000 $437 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $11,742/month

33 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Gated Community
  • Beachland Elementary School Rated A-
  • Heated Pool
  • Clubhouse

About This Home

As of June 2021

Stunning end unit townhome east of A1A just steps to the beach with beautiful southern exposure. Lovely finishes throughout, custom millwork, marble flooring, ornate tile work , private elevator, ocean views. Community offers two heated pools (one oceanfront) . Within walking distance to South Beach restaurants. Sizes are approx/subj to error.

Last Buyer's Agent

Rory O'Dare

One Sotheby's Int'l Realty License #3106034

One Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,443

Year Built

  • Built in 2007

Lot Details

  • South Facing Home
  • Corner Lot
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 2,336 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Crown Molding
  • Ceiling Fan
  • Insulated Windows
  • Blinds
  • Casement Windows
  • French Doors
  • Ocean Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub
  • Bathtub

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Beach Access
  • Balcony
  • Covered patio or porch

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 33400800018000200002.0

Community Details

Overview

  • Association fees include common areas, ground maintenance, pool(s), reserve fund
  • Disalvo Association
  • Village By The Sea Subdivision

Recreation

  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,443

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: N/A
  • Ownership: Single Family/Other
  • Subdivision Name: Village by the Sea
  • Directions: 17th Street to Ocean Drive. Continue South to PIrate Cove Lane make a right . Community on your right . First unit on your right.
  • Architectural Style: Three Story
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 3
  • Structure Type: Townhouse
  • Year Built: 2007
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Attached,Townhouse
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Marble, Slate, Tile, Wood
  • Interior Amenities: Bathtub, Closet Cabinetry, Crown Molding, Elevator, Garden Tub/Roman Tub, Kitchen Island, Walk-In Closet(s), French Door(s)/Atrium Door(s)
  • Living Area: 2336.0
  • Stories: 3
  • Window Features: Blinds, Casement Window(s), Impact Glass, Insulated Windows, Window Treatments
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, Other
  • Pool Features: Community, Electric Heat, Heated, Pool
  • View: Ocean
  • View: Yes
  • Waterfront Features: Beach Access
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Balcony, Sprinkler/Irrigation, Porch
  • Patio And Porch Features: Covered, Porch
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: Laundry Room, Laundry Tub, In Unit, Upper Level
  • Security: Security System Owned, Gated Community, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Park, Sidewalks, Pool
  • Association Fee: 333.33
  • Association Name: DISALVO
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Pool(s), Reserve Fund

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33400800018000200002.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10443.0
  • Tax Lot: N/A
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Jun 1, 2021
Sold by
Dfz Development Llc
Bought by
Kappel Zachary S and Corry Alexis B
Buyer's Agent
Rory O'Dare
One Sotheby's Int'l Realty
List Price
$1,150,000
Sold Price
$1,020,000
Premium/Discount to List
-$130,000
-11.3%
Current Estimated Value
$1,922,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$902,229
Avg. Annual Appreciation
17.06%
Original Mortgage
$800,000
Outstanding Balance
$732,141
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,241,637

Purchase Details

Closed on
Apr 5, 2007
Sold by
Triple Crown Development Co Inc
Bought by
Dfz Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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 Buyer Sale Price Title Company
Kappel Zachary S $1,020,000 Attorney
Dfz Development Llc $1,070,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kappel Zachary S $425,000
Open Kappel Zachary S $800,000
Previous Owner Dfz Development Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $1,020,000 -11.3% $437 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $1,150,000 0.0% $492 / Sq Ft
04/15/2014 04/15/14 Rented $3,500 0.0% --
03/16/2014 03/16/14 Under Contract -- -- --
12/27/2013 12/27/13 For Rent $3,500 -- --
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 $14,602 $1,030,891 -- --
2023 $14,602 $972,658 $0 $0
2022 $14,192 $944,328 $0 $944,328
2021 $10,306 $642,400 $0 $642,400
2020 $10,443 $642,400 $0 $642,400
2019 $10,732 $642,400 $0 $642,400
2018 $10,236 $601,460 $0 $601,460
2017 $10,390 $601,460 $0 $0
2016 $10,495 $601,460 $0 $0
2015 $10,496 $601,460 $0 $0
2014 $9,002 $516,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Buyer's Agent in 2021

    Rory O'Dare

    One Sotheby's Int'l Realty

    (772) 234-9999

    9 Total Sales

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 242332

APN: 33-40-08-00018-0002-00002.0

Florida Indian River County Vero Beach 32963

1501 Ocean Dr Unit 2, Vero Beach, FL

This home is located at 1501 Ocean Dr Unit 2, Vero Beach, FL 32963 since 29 March 2021 and is currently estimated at $1,922,229, approximately $822 per square foot. This property was built in 2007. 1501 Ocean Dr Unit 2 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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