NOT LISTED FOR SALE

Estimated Value: $464,699 - $560,000

4 Beds
3 Baths
1,541 Sq Ft
$330/Sq Ft Est. Value

Last Sold October 10, 2022

Last sale price $525,000 $341 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $2,889/month

Highlights

  • Deck
  • High Ceiling
  • Central Heating and Cooling System
  • Wood Flooring
  • Multiple cooling system units

About This Home

As of October 2022

Live and Earn and/or Earn in Downtown Arts District. Super convenient. Walk to all downtown events, church, restaurants, groceries. Enjoy the work live life in Vero Beach. Leased 2/1 House in the front and Modern Up/Down 1/1's in the back.

Last Agent to Sell the Property

Gayle D'Haeseleer

RE/MAX Select Group License #3375408 Listed on: 10/10/2022

RE/MAX Select Group

Last Buyer's Agent

Lynn Grady

Engel & Voelkers Vero Beach License #3456500

Engel & Voelkers Vero Beach

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,805

Lot Details

  • 8,712

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • High Ceiling
  • Laundry in Garage

Flooring

  • Wood
  • Tile

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System

Additional Features

  • Deck
  • 8,712 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 33390200008004000014.0

Community Details

Overview

  • Elmdale Property Mgt Association
  • Edgewood Subdivision

Building Details

  • 3 Separate Electric Meters
  • Insurance Expense $4,000
  • Maintenance Expense $1,000
  • Operating Expense $9,500
  • Gross Income $49,500
  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,805

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Lot Size: .20
  • Professional Management Expense: 4950.0
  • Subdivision Name: Edgewood
  • Directions: West SR-60 to 18th Avenue North to 18th Street. Property directly in front at corner of 19th Ave and 18th St.
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Triplex
  • Attribution Contact: 772-234-1111
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Partially
  • Possible Use: Mixed Use
  • Fireplace: No
  • Flooring: Tile, Wood
  • Interior Amenities: High Ceilings
  • Stories: 2
  • Window Features: Single Hung

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Frame, Concrete
  • Exterior Features: Deck, None
  • Patio And Porch Features: Deck
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street, On Street
  • Total Parking Spaces: 3.0

Utilities

  • Laundry Features: Common Area, In Garage
  • Cooling: Central Air, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: Elmdale Property Mgt

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33390200008004000014.0
  • Zoning Description: Multiple
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 49500.0
  • Insurance Expense: 4000.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 40000.0
  • Annual Operating Expense: 9500.0
  • Number Of Separate Electric Meters: 3

Tax Info

  • Tax Annual Amount: 2805.0
  • Tax Lot: 14
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2025
Sold by
Miller Brothers Development Inc
Bought by
I Am Ministries Inc
Current Estimated Value
$457,113

Purchase Details

Listed on
Oct 10, 2022
Closed on
Oct 31, 2022
Sold by
Eighteenth Street Llc
Bought by
Miller Brothers Development Inc
Seller's Agent
Gayle D'Haeseleer
RE/MAX Select Group
Buyer's Agent
Lynn Grady
Engel & Voelkers Vero Beach
List Price
$599,000
Sold Price
$525,000
Premium/Discount to List
-$74,000
-12.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.90%

Purchase Details

Listed on
Mar 19, 2018
Closed on
May 18, 2018
Sold by
Dare Cindy J O
Bought by
Eighteenth Street Llc
Seller's Agent
Alex MacWilliam
Alex MacWilliam, Inc.
Buyer's Agent
Gayle D'Haeseleer
RE/MAX Select Group
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.00%
Original Mortgage
$165,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 28, 2015
Sold by
Leffew Richard B and Leffew Valerie A
Bought by
1926 Building Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 22, 1998
Sold by
Fresh Lewis O
Bought by
Fresh Lewis O and Fresh Daniel J
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
I Am Ministries Inc $500,000 Alliance Title Of The Treasure
I Am Ministries Inc $500,000 Alliance Title Of The Treasure
Miller Brothers Development Inc $525,000 --
Eighteenth Street Llc $160,000 Attorney
1926 Building Llc $145,000 Harbor Title & Escrow Inc
Fresh Lewis O $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eighteenth Street Llc $165,000
Previous Owner 1926 Building Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2022 10/10/22 Sold $525,000 -12.4% $341 / Sq Ft
10/10/2022 10/10/22 For Sale $599,000 +274.4% $389 / Sq Ft
05/18/2018 05/18/18 Sold $160,000 -8.6% $157 / Sq Ft View Prior Sale
04/18/2018 04/18/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $175,000 +119.0% $171 / Sq Ft
03/31/2014 03/31/14 Sold $79,900 0.0% $52 / Sq Ft View Prior Sale
03/01/2014 03/01/14 Pending -- -- --
10/31/2013 10/31/13 For Sale $79,900 -- $52 / 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 $5,352 $318,888 $88,698 $230,190
2024 $4,619 $273,826 $77,129 $196,697
2023 $4,619 $278,471 $77,129 $201,342
2022 $3,080 $223,539 $57,847 $165,692
2021 $2,805 $189,423 $38,565 $150,858
2020 $2,542 $164,590 $23,139 $141,451
2019 $2,151 $114,054 $23,139 $90,915
2018 $2,083 $108,484 $23,139 $85,345
2017 $2,118 $109,768 $0 $0
2016 $2,180 $112,980 $0 $0
2015 $1,677 $81,340 $0 $0
2014 -- $74,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 262112

APN: 33-39-02-00008-0040-00014.0

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