NOT LISTED FOR SALE

401 S Palm Island Cir Vero Beach, FL 32963

Estimated Value: $1,738,283 - $2,074,000

3 Beds
3.5 Baths
2,949 Sq Ft
$644/Sq Ft Est. Value

Last Sold January 07, 2021

Last sale price $1,165,000 $395 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $10,931/month

458 Days on Market

Highlights

  • Beach Access
  • Fitness Center
  • Gas Heated Pool
  • Beachland Elementary School Rated A-
  • Gated with Attendant
  • Views of Preserve

About This Home

As of January 2021

Casually elegant courtyard home w/picturesque pond views from the front. Featuring newly remodeled gourmet kitchen, beautiful wood work, custom built-ins/marble floor. 2BA/2.1BA + 1/1 Guest. Spacious covered lanai w/summer kitchen overlooking a sparkling pool surrounded by lush landscaping. Elegant private beach club & state-of-the-art fitness center. Sizes approx./subj. to error.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 09/06/2019

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Charlotte Terry

Alex MacWilliam, Inc. License #0140216

Alex MacWilliam, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,039

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 79x164
  • North Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Views of Preserve
  • Pool Views

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 2,949 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Crown Molding
  • 1 Fireplace
  • French Doors
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Beach Access
  • Water Access
  • Covered Patio or Porch
  • Built-In Barbecue

Utilities

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

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 31393600031000100031.0

Community Details

Overview

  • Association fees include common areas, ground maintenance, pool(s), recreation facilities, reserve fund, sewer, security, trash
  • Private Membership Available
  • Elliott Merrill Association
  • Palm Isl Plantation Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Gated with Attendant
  • Phone Entry

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,039

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 79x164
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Palm Isl Plantation
  • Directions: North on A1A just past River Club. Go past guard, around circle to #401
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2006
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Interior Amenities: Closet Cabinetry, Crown Molding, Split Bedrooms, Walk-In Closet(s), Central Vacuum, French Door(s)/Atrium Door(s)
  • Living Area: 2949.0
  • Stories: 1
  • Window Features: Impact Glass, None, Single Hung
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: Gas Heat, Heated, Pool, Private, Community
  • Pool Private: Yes
  • View: Pool, Preserve
  • View: Yes
  • Waterfront Features: None, Beach Access
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Built-in Barbecue, Barbecue, Sprinkler/Irrigation, Porch, Patio, Propane Tank - Owned
  • Patio And Porch Features: Covered, Patio, Porch
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • Security: Gated with Guard, Gated Community, Phone Entry, Smoke Detector(s)
  • 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: Barbecue, Club Membership Available, Clubhouse, Fitness, Other, Pool, Water Access
  • Association Fee: 948.0
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Pool(s), Recreation Facilities, Reserve Fund, Sewer, Security, Trash

Lot Info

  • Parcel #: 31393600031000100031.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 11039.0
  • Tax Lot: 31
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2019
Closed on
Jan 7, 2021
Sold by
Espeland Tom and Espeland Debbie Helene
Bought by
Rogers Inga Olsson and Craighill Claire E
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Charlotte Terry
Alex MacWilliam, Inc.
List Price
$1,220,000
Sold Price
$1,165,000
Premium/Discount to List
-$55,000
-4.51%
Current Estimated Value
$1,899,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$734,821
Avg. Annual Appreciation
10.84%

Purchase Details

Listed on
Aug 12, 2015
Closed on
May 15, 2017
Sold by
Berke Stephanie A and Berke Norman
Bought by
Espeland Tom and Espeland Debbie Helene
Seller's Agent
Charlotte Terry
Alex MacWilliam, Inc.
List Price
$1,195,000
Sold Price
$1,030,000
Premium/Discount to List
-$165,000
-13.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.43%

Purchase Details

Closed on
Jul 18, 2007
Sold by
Palm Island Plantation Llc
Bought by
Berke Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
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
Rogers Inga Olsson $1,165,000 Attorney
Espeland Tom $1,030,000 None Available
Berke Stephanie A $1,475,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Berke Stephanie A $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/07/2021 01/07/21 Sold $1,165,000 -4.5% $395 / Sq Ft
12/08/2020 12/08/20 Pending -- -- --
09/06/2019 09/06/19 For Sale $1,220,000 +18.4% $414 / Sq Ft
05/15/2017 05/15/17 Sold $1,030,000 -13.8% $349 / Sq Ft View Prior Sale
04/15/2017 04/15/17 Pending -- -- --
08/12/2015 08/12/15 For Sale $1,195,000 -- $405 / 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 $10,655 $978,518 -- --
2023 $10,655 $923,243 $0 $0
2022 $10,398 $896,352 $0 $0
2021 $10,898 $902,282 $0 $0
2020 $10,927 $889,824 $0 $0
2019 $11,039 $869,818 $0 $0
2018 $11,027 $853,600 $0 $0
2017 $8,749 $666,611 $0 $0
2016 $8,921 $652,900 $0 $0
2015 $9,292 $648,370 $0 $0
2014 $9,234 $643,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matilde Sorensen

    Seller's Agent in 2021

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    72 in this area

    246 Total Sales

    Matilde Sorensen
    Section Image

  • C

    Buyer's Agent in 2021

    Charlotte Terry

    Alex MacWilliam, Inc.

    (772) 231-6509

    28 in this area

    135 Total Sales

    Charlotte Terry
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 225456

APN: 31-39-36-00031-0001-00031.0

Florida Indian River County Vero Beach 32963

401 S Palm Island Cir, Vero Beach, FL

This home is located at 401 S Palm Island Cir, Vero Beach, FL 32963 since 06 September 2019 and is currently estimated at $1,899,821, approximately $644 per square foot. This property was built in 2006. 401 S Palm Island Cir 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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