NOT LISTED FOR SALE

1565 Gracewood Ln Vero Beach, FL 32963

South Beach Neighborhood

Estimated Value: $2,761,554 - $3,528,000

4 Beds
4 Baths
3,726 Sq Ft
$876/Sq Ft Est. Value

Last Sold September 01, 2015

Last sale price $1,640,000 $440 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $20,099/month

22 Days on Market

Highlights

  • Beach Access
  • Cabana
  • Marble Flooring
  • Beachland Elementary School Rated A-
  • Gated Community
  • Garden View

About This Home

As of September 2015

Located in the beautiful gated community of Gracewood Lane and steps from the sands. Elegant wood flooring, crown molding, and custom built-ins. Separate 2-story, 2 bedroom guest house. Sizes approx. and subject to error.

Co-Listed By

Cindy O'Dare

One Sotheby's Int'l Realty License #0326961

One Sotheby's Int'l Realty

Last Buyer's Agent

Kay Brown

Premier Estate Properties License #0189216

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,955

Year Built

  • Built in 2000

Lot Details

  • Lot Dimensions are 181 x 169
  • North Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Property Views

  • Garden
  • Pool

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Insulated Windows
  • Tinted Windows
  • French Doors
  • Hurricane or Storm Shutters

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Cabana
  • Outdoor Pool
  • Spa

Outdoor Features

  • Beach Access
  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System

Community Details

  • Gracewood Lane Subdivision
  • Gated Community

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 33401600022000000012.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,955

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 181 X 169
  • Co List Office Mls Id: 0371
  • Co List Office Phone: 772-234-5555
  • Ownership: Single Family/Other
  • Subdivision Name: Gracewood Lane
  • Directions: South on A1A, left on Gracewood Lane, house is on the right on a cul-de-sac
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2000
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-234-5555
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Disposal, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Carpet, Marble, Tile, Wood
  • Interior Amenities: Built-in Features, Closet Cabinetry, Crown Molding, High Ceilings, Kitchen Island, French Door(s)/Atrium Door(s)
  • Stories: 1
  • Window Features: Impact Glass, Insulated Windows, None, Tinted Windows

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • View: Garden, Pool
  • View: Yes
  • Waterfront Features: None, Beach Access
  • Waterfront: No
  • Construction Type: Frame
  • Direction Faces: North
  • Exterior Features: Sprinkler/Irrigation, Porch, Rain Gutters, Storm/Security Shutters
  • Other Structures: Cabana
  • Patio And Porch Features: Covered, Porch
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Gutter(s)
  • Association Fee: 4000.0
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Parcel #: 33401600022000000012.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 17955.0
  • Tax Lot: 12
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2015
Closed on
Sep 1, 2015
Sold by
Lombardi Victor and Lombardi Andrea
Bought by
Mcdermott Kenneth G and Mcdermott Kathleen
Buyer's Agent
Kay Brown
Premier Estate Properties
List Price
$1,895,000
Sold Price
$1,640,000
Premium/Discount to List
-$255,000
-13.46%
Current Estimated Value
$3,264,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,624,889
Avg. Annual Appreciation
7.11%

Purchase Details

Listed on
Aug 2, 2012
Closed on
Nov 6, 2012
Sold by
Engelmann Wolfgang H and Katz Lawrence H
Bought by
Lombardi Victor A and Lombardi Andrea C
Seller's Agent
Sally Woods
Dale Sorensen Real Estate Inc.
Buyer's Agent
Cindy O'Dare
One Sotheby's Int'l Realty
List Price
$1,250,000
Sold Price
$1,125,000
Premium/Discount to List
-$125,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.30%
Original Mortgage
$900,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 12, 2006
Sold by
Hopwood Nancy
Bought by
Engelmann Hermann H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 28, 2003
Sold by
Hopwood Nancy
Bought by
Hopwood Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.33%

Purchase Details

Closed on
Jun 17, 1998
Sold by
Suca Network Inc
Bought by
Hopwood Nancy
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
Mcdermott Kenneth G $1,640,000 Attorney
Lombardi Victor A $1,125,000 Security First Title & Escro
Engelmann Hermann H $2,400,000 None Available
Hopwood Nancy -- --
Hopwood Nancy $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lombardi Victor A $900,000
Previous Owner Englemann Hermann H $500,000
Previous Owner Engelmann Hermann H $1,540,000
Previous Owner Hopwood Nancy $1,500,000
Previous Owner Hopwood Nancy $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2015 09/01/15 Sold $1,640,000 -13.5% $440 / Sq Ft
08/02/2015 08/02/15 Pending -- -- --
07/10/2015 07/10/15 For Sale $1,895,000 +68.4% $509 / Sq Ft
11/06/2012 11/06/12 Sold $1,125,000 -10.0% $302 / Sq Ft
10/07/2012 10/07/12 Pending -- -- --
08/02/2012 08/02/12 For Sale $1,250,000 -- $335 / 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 $29,367 $2,472,864 $1,122,765 $1,350,099
2023 $29,367 $1,829,885 $0 $0
2022 $28,072 $2,405,952 $1,459,595 $946,357
2021 $22,254 $1,512,301 $785,936 $726,365
2020 $22,224 $1,488,616 $785,936 $702,680
2019 $22,855 $1,486,209 $785,936 $700,273
2018 $22,787 $1,461,984 $785,936 $676,048
2017 $22,725 $1,434,164 $0 $0
2016 $23,348 $1,457,820 $0 $0
2015 $18,377 $1,134,810 $0 $0
2014 $17,955 $1,125,810 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cindy O'Dare

    Seller Co-Listing Agent in 2015

    Cindy O'Dare

    One Sotheby's Int'l Realty

    (772) 713-5899

    54 in this area

    242 Total Sales

    Cindy O'Dare
    Section Image

  • K

    Buyer's Agent in 2015

    Kay Brown

    Premier Estate Properties

    (772) 321-8626

    8 in this area

    71 Total Sales

    Kay Brown
    Section Image

  • S

    Seller's Agent in 2012

    Sally Woods

    Dale Sorensen Real Estate Inc.

    (772) 231-4712

    2 in this area

    42 Total Sales

    Sally Woods
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 160886

APN: 33-40-16-00022-0000-00012.0

Florida Indian River County Vero Beach 32963 South Beach

1565 Gracewood Ln, Vero Beach, FL

This home is located at 1565 Gracewood Ln, Vero Beach, FL 32963 since 10 July 2015 and is currently estimated at $3,264,889, approximately $876 per square foot. This property was built in 2000. 1565 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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