NOT LISTED FOR SALE

1531 Gracewood Ln Vero Beach, FL 32963

South Beach Neighborhood

Estimated Value: $3,224,000 - $4,558,000

4 Beds
3.5 Baths
4,854 Sq Ft
$816/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $3,085,000 $636 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $25,001/month

155 Days on Market

Highlights

  • Beach Access
  • Outdoor Pool
  • Vaulted Ceiling
  • Beachland Elementary School Rated A-
  • Gated Community
  • Roman Tub

About This Home

As of December 2021

Exceptional 2016 build East of A1A w/significant architectural details, impeccably maintained. Designed & built w/ a serene & coastal aesthetic. 4BR/3.5B, office & art studio. Details: white oak floors, designer lighting, millwork. Private outdoor spaces: screened sitting room off kitchen, pool, spa, lush gardens w/ lighting, beach access. Gated. 2 car garage. Sizes approx/.subj to error

Last Agent to Sell the Property

Elizabeth Sorensen

Dale Sorensen Real Estate Inc. License #3134517 Listed on: 06/10/2021

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Elizabeth Sorensen

Dale Sorensen Real Estate Inc. License #3134517 Listed on: 06/10/2021

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,188

Year Built

  • Built in 2016

Lot Details

  • Lot Dimensions are 197x115
  • North Facing Home

Parking

  • 2 Car Garage

Property Views

  • Garden
  • Pool

Home Design

  • Metal Roof

Interior Spaces

  • 4,854 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • 1 Fireplace
  • French Doors
  • Laundry Room

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Roman Tub
  • Bathtub

Outdoor Features

  • Outdoor Pool
  • Beach Access
  • Screened Patio

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 33401600022000000008.0

Community Details

Overview

  • Association fees include common areas
  • Gracewood Association
  • Gracewood Lane Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,188

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 197x115
  • Ownership: Single Family/Other
  • Subdivision Name: Gracewood Lane
  • Directions: A1A south to Gracewood (East)
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2016
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Electric Water Heater, Disposal, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Bathtub, Garden Tub/Roman Tub, High Ceilings, Kitchen Island, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), French Door(s)/Atrium Door(s)
  • Living Area: 4854.0
  • Stories: 2
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • View: Garden, Other, Pool
  • View: Yes
  • Waterfront Features: None, Beach Access
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Direction Faces: North
  • Exterior Features: Patio
  • Patio And Porch Features: Patio, Screened
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: Laundry Room
  • Security: Gated Community
  • Cooling: Central Air, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 188.0
  • Association Name: Gracewood
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33401600022000000008.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 21188.0
  • Tax Lot: 8
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Dec 11, 2021
Sold by
Lynn M Mccandless Trust
Bought by
Bullock William N and Casady Julie M
Seller's Agent
Elizabeth Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Elizabeth Sorensen
Dale Sorensen Real Estate Inc.
List Price
$3,400,000
Sold Price
$3,085,000
Premium/Discount to List
-$315,000
-9.26%
Current Estimated Value
$3,977,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$892,351
Avg. Annual Appreciation
7.10%
Original Mortgage
$1,542,500
Outstanding Balance
$1,432,834
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$2,537,434

Purchase Details

Closed on
Sep 11, 2015
Sold by
Mccandless William and Mccandless Lynn
Bought by
The Lynn M Mccandless Trust and Mccandless William L

Purchase Details

Closed on
Jul 13, 2015
Sold by
Mccandless William and Mccandless Lynn
Bought by
The Lynn M Mccandless Trust

Purchase Details

Listed on
Feb 13, 2013
Closed on
May 15, 2013
Sold by
Suca Network Inc
Bought by
Mccandless William and Mccandless Lynn
Seller's Agent
NON-MLS AGENT
NON MLS
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.40%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bullock William N $3,085,000 Oceanside Title & Escrow
The Lynn M Mccandless Trust -- Attorney
The Lynn M Mccandless Trust -- None Available
Mccandless William $500,000 Lawyers Title Agency Beach
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bullock William N $1,542,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2021 12/13/21 Sold $3,085,000 -9.3% $636 / Sq Ft
11/13/2021 11/13/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $3,400,000 +580.0% $700 / Sq Ft
05/15/2013 05/15/13 Sold $500,000 0.0% $103 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
02/13/2013 02/13/13 For Sale $500,000 -- $103 / 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 $39,963 $3,077,062 $581,613 $2,495,449
2023 $39,963 $2,749,567 $0 $0
2022 $35,208 $2,499,606 $756,096 $1,743,510
2021 $21,373 $1,461,029 $407,129 $1,053,900
2020 $21,188 $1,426,972 $407,129 $1,019,843
2019 $21,833 $1,426,972 $407,129 $1,019,843
2018 $21,591 $1,391,991 $407,129 $984,862
2017 $22,666 $1,437,381 $0 $0
2016 $6,463 $407,130 $0 $0
2015 $6,745 $407,130 $0 $0
2014 $6,267 $383,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Elizabeth Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 696-1812

    24 in this area

    133 Total Sales

    Section Image

  • N

    Seller's Agent in 2013

    NON-MLS AGENT

    NON MLS

See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 244316

APN: 33-40-16-00022-0000-00008.0

Florida Indian River County Vero Beach 32963 South Beach

1531 Gracewood Ln, Vero Beach, FL

This home is located at 1531 Gracewood Ln, Vero Beach, FL 32963 since 10 June 2021 and is currently estimated at $3,961,479, approximately $816 per square foot. This property was built in 2016. 1531 Gracewood Ln 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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