NOT LISTED FOR SALE

2315 15th Ave Vero Beach, FL 32960

Central Vero Beach Neighborhood

Estimated Value: $366,708 - $415,000

3 Beds
2 Baths
1,644 Sq Ft
$240/Sq Ft Est. Value

Sale Details

Date Sold: June 23, 2020

Last sale price $238,000 $145 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,494 / mo

38 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • 3-minute walk to Pocahontas Park
  • 1 Fireplace
  • No Heating

About This Home

As of June 2020

Vintage 4-unit residential income opportunity! 10%+ Return on Investment! Two of the four units are renovated. Located in the heart of Historic Downtown Vero Beach! Well maintained for the age. Walking distance to restaurants, bars, shops, library and 2.5 miles to the beach! Please do not disturb tenants.

Last Agent to Sell the Property

Steve Rennick

Rennick Real Estate License #3058135 Listed on: 04/15/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,758

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75 x 125

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • 1 Fireplace

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Multiple cooling system units
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for common area maintenance, electricity, insurance, sewer, taxes, trash collection, water
  • Tax Lot 5
  • Assessor Parcel Number 33390200001020000005.0

Community Details

Overview

  • Original Town Subdivision

Building Details

  • 3 Separate Electric Meters
  • Insurance Expense $1,649
  • Maintenance Expense $1,000
  • Operating Expense $8,983
  • Gross Income $36,000
  • Net Operating Income $27,017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,758

Year Built

Built in 1900

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Lot Size: 75 x 125
  • Subdivision Name: Original Town
  • Directions: From US. 1 head West on 23rd Street. Turn North on 15th Ave. Property is on West side of Road.
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1900
  • Attribution Contact: 772-562-5015
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Mixed Use
  • Owner Pays: Common Area Maintenance, Electricity, Insurance, Sewer, Taxes, Trash Collection, Water
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • 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: None
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: None
  • Cooling: 3+ Units
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2676.0

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33390200001020000005.0
  • Zoning Description: Multiple,Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Annual Gross Income: 36000.0
  • Insurance Expense: 1649.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 27017.0
  • Annual Operating Expense: 8983.0
  • Number Of Separate Electric Meters: 3

Tax Info

  • Tax Annual Amount: 2758.0
  • Tax Lot: 5
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
Jun 23, 2020
Sold by
Bought by
Seller's Agent
Steve Rennick
Rennick Real Estate
List Price
$250,000
Sold Price
$238,000
Premium/Discount to List
-$12,000
-4.8%
Current Estimated Value
$393,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,927
Avg. Annual Appreciation
8.76%
Original Mortgage
$178,500
Outstanding Balance
$157,526
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$236,401

Purchase Details

Listed on
Jun 12, 2017
Closed on
Nov 24, 2017
Sold by
Bought by
Seller's Agent
Samantha Irvin
Rennick Real Estate
Buyer's Agent
Samantha Irvin
Rennick Real Estate
List Price
$255,000
Sold Price
$190,000
Premium/Discount to List
-$65,000
-25.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$152,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$238,000 Riomar Title Llc
$190,000 Riomar Title Llc
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $178,500
Previous Owner $152,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2020 06/23/20 Sold $238,000 -4.8% $145 / Sq Ft
05/24/2020 05/24/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $250,000 0.0% $152 / Sq Ft
03/03/2020 03/03/20 For Rent $1,100 -91.7% --
03/03/2020 03/03/20 Rented $13,200 0.0% --
11/30/2017 11/30/17 Sold $190,000 -25.5% $116 / Sq Ft View Prior Sale
10/31/2017 10/31/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $255,000 -- $155 / Sq Ft
Source: REALTORS® Association of Indian River County

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,549 $255,705 $52,947 $202,758
2024 $4,093 $255,705 $52,947 $202,758
2023 $4,093 $233,847 $0 $0
2022 $3,634 $212,588 $40,729 $171,859
2021 $3,491 $201,473 $40,729 $160,744
2020 $2,906 $165,150 $40,729 $124,421
2019 $2,758 $155,190 $40,729 $114,461
2018 $2,519 $134,372 $40,729 $93,643
2017 $1,843 $102,408 $0 $0
2016 $1,685 $90,670 $0 $0
2015 $1,518 $72,420 $0 $0
2014 -- $66,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Rennick

    Seller's Agent in 2020

    Steve Rennick

    Rennick Real Estate

    (772) 539-7200

    35 in this area

    272 Total Sales

    Steve Rennick
    Section Image

  • S

    Seller's Agent in 2017

    Samantha Irvin

    Rennick Real Estate

    (772) 713-9542

    9 in this area

    37 Total Sales

    Samantha Irvin
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 231754

APN: 33-39-02-00001-0200-00005.0

Florida Indian River County Vero Beach 32960 Central Vero Beach

2315 15th Ave, Vero Beach, FL

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