NOT LISTED FOR SALE

Estimated Value: $3,074,000 - $3,648,000

1 Bed
1 Bath
820 Sq Ft
$4,095/Sq Ft Est. Value

Last Sold January 09, 2023

Last sale price $3,275,000 $3,994 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $21,087/month

224 Days on Market

Highlights

  • Corner Lot
  • Covered Patio or Porch
  • Laundry closet
  • Beachland Elementary School Rated A-
  • Views
  • Tile Flooring

About This Home

As of January 2023

Historic Riomar building site directly across from the ocean & neighborhood beach access. Live in this updated 1BR/1BA cottage while you build your dream home on this large 150x150 1/2-acre corner lot. 2 story home would offer the potential for ocean views. Moments to Vero Beach's beachside shops & dining. Conceptual elevation & Floor Plan that could be built. Sizes approx/subj to error.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 04/29/2022

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 04/29/2022

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,702

Year Built

  • Built in 2002

Lot Details

  • Lot Dimensions are 150x150
  • East Facing Home
  • Corner Lot

Parking

  • Driveway

Home Design

  • Tile Roof

Interior Spaces

  • 820 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Property Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Washer

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • Riomar Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 33400500004009000008.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,702

Year Built

Built in 2002

Lot Details

0.52 Acres

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 150x150
  • Ownership: Single Family/Other
  • Subdivision Name: Riomar
  • Directions: East on lady Bug Ln off Club Drive to 1807 on right. The corner of Ocean Drive & Lady Bug Ln.
  • Architectural Style: One Story
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2002
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Pantry
  • Living Area: 820.0
  • Stories: 1
  • Window Features: None
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Corner Lot, 1/2 to 1 Acre Lot
  • Pool Features: None
  • View: Other
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Exterior Features: Porch
  • Patio And Porch Features: Covered, Porch
  • Roof: Tile

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: N/A
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 33400500004009000008.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13702.0
  • Tax Lot: 8
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jan 9, 2023
Sold by
Cafr Investments Llc
Bought by
James P Broom Revocable Trust
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$3,900,000
Sold Price
$3,275,000
Premium/Discount to List
-$625,000
-16.03%
Current Estimated Value
$3,357,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,827
Avg. Annual Appreciation
0.79%

Purchase Details

Listed on
May 11, 2021
Closed on
May 11, 2021
Sold by
Paull Kenneth A
Bought by
Cafr Investments Llc
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$2,950,000
Sold Price
$2,950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%

Purchase Details

Listed on
Nov 9, 2017
Closed on
Mar 15, 2018
Sold by
Mcdonnell Thomas M
Bought by
Paull Kenneth A
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$1,950,000
Sold Price
$1,675,000
Premium/Discount to List
-$275,000
-14.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.62%

Purchase Details

Listed on
Nov 9, 2017
Closed on
Mar 13, 2018
Sold by
Mcdonnell James E
Bought by
Paull Kenneth A
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$1,950,000
Sold Price
$1,675,000
Premium/Discount to List
-$275,000
-14.1%

Purchase Details

Listed on
Nov 9, 2017
Closed on
Mar 12, 2018
Sold by
Hindsley Pamela Mcdonnell
Bought by
Paul Kenneth A
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$1,950,000
Sold Price
$1,675,000
Premium/Discount to List
-$275,000
-14.1%

Purchase Details

Closed on
Apr 22, 2016
Sold by
Mcdonnell James E and Mcdonnell James E
Bought by
Mcdonnell Ii James E
Source: Public Records
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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
James P Broom Revocable Trust $3,275,000 --
Cafr Investments Llc $2,950,000 Oceanside Title & Escrow
Paull Kenneth A -- Attorney
Paull Kenneth A $1,675,000 Attorney
Paull Kenneth A -- Attorney
Paul Kenneth A -- Attorney
Mcdonnell Ii James E -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/09/2023 01/09/23 Sold $3,275,000 -16.0% $3,994 / Sq Ft
12/10/2022 12/10/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $3,900,000 +32.2% $4,756 / Sq Ft
05/13/2021 05/13/21 Sold $2,950,000 0.0% $1,026 / Sq Ft View Prior Sale
05/11/2021 05/11/21 For Sale $2,950,000 +76.1% $1,026 / Sq Ft
03/16/2018 03/16/18 Sold $1,675,000 -14.1% $583 / Sq Ft View Prior Sale
02/14/2018 02/14/18 Pending -- -- --
11/09/2017 11/09/17 For Sale $1,950,000 -- $678 / Sq Ft
Source: REALTORS® Association of Indian River County

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
2025 $43,396 $2,719,065 $1,991,391 $727,674
2024 $25,528 $2,691,592 $1,991,391 $700,201
2023 $25,528 $1,003,861 $0 $0
2022 $14,362 $912,601 $870,188 $42,413
2021 $13,702 $854,033 $669,375 $184,658
2020 $13,921 $856,314 $669,375 $186,939
2019 $14,306 $856,314 $669,375 $186,939
2018 $6,798 $435,927 $0 $0
2017 $6,746 $426,961 $0 $0
2016 $6,665 $418,180 $0 $0
2015 $6,831 $415,280 $0 $0
2014 $6,548 $411,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 254030

APN: 33-40-05-00004-0090-00008.0

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