NOT LISTED FOR SALE

490 Marbrisa Dr Vero Beach, FL 32963

Estimated Value: $1,079,000 - $1,685,000

4 Beds
3.5 Baths
3,715 Sq Ft
$384/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $1,825,000 $491 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $8,903/month

54 Days on Market

Highlights

  • Beach Access
  • Fitness Center
  • Gated Community
  • Beachland Elementary School Rated A-
  • Outdoor Pool
  • Private Membership Available

About This Home

As of April 2024

Bring Back- Up Offers. The perfect blend of classic elegance and modern comfort. The home boasts a chef's kitchen, complete w/ dbl oven, built-in coffee maker, island & pantry. The spa-like bathrooms, den & study add to the luxurious feel of the home. The Lanai features a tongue-and-groove ceiling, overlooking a tropical oasis with a heated pool. Effortless parking is provided by the 3-car garage, which also offers plenty of storage. The property includes amenities such as oceanfront and westside clubhouses with pools, tennis courts, fitness facilities.
Rmsizesapprox/sub2err.

Last Agent to Sell the Property

Tripp Hernandez

Dale Sorensen Real Estate Inc. Brokerage Phone: 772-231-4712 License #3026751 Listed on: 02/01/2024

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Dan Downey

One Sotheby's Int'l Realty License #3069731

One Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,206

Year Built

  • Built in 1993

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 100x187
  • South Facing Home
  • Sprinkler System
  • Few Trees

Parking

  • 3 Car Garage

Home Design

  • Tile Roof

Interior Spaces

  • 3,715 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Vaulted Ceiling
  • 1 Fireplace
  • Sliding Doors
  • Garden Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Closet Cabinetry

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Outdoor Pool
  • Heated Pool
  • Outdoor Shower
  • Screen Enclosure

Outdoor Features

  • Beach Access
  • Screened Patio
  • Built-In Barbecue

Utilities

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

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 31393600014000000010.0

Community Details

Overview

  • Association fees include common areas, recreation facilities, reserve fund, security
  • Private Membership Available
  • Elliott Merrill Association
  • Marbrisa Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Fitness Center
  • Community Pool

Security

  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,206

Year Built

Built in 1993

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Lot Size: 100x187
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Marbrisa
  • Directions: A1A to Marbrisa on west side. Take right on Ventura and House is located at the end, at the corner of Marbrisa Drive and Ventura.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1993
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-in Features, Closet Cabinetry, Crown Molding, High Ceilings, Kitchen Island, Primary Downstairs, Pantry, Split Bedrooms, Vaulted Ceiling(s)
  • Living Area: 3715.0
  • Stories: 2
  • Window Features: Single Hung
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot, Few Trees
  • Pool Features: Electric Heat, Heated, Pool, Private, Screen Enclosure, Community
  • Pool Private: Yes
  • View: Garden
  • View: Yes
  • Waterfront Features: None, Beach Access
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Direction Faces: South
  • Exterior Features: Built-in Barbecue, Barbecue, Sprinkler/Irrigation, Outdoor Shower
  • Patio And Porch Features: Patio, Screened
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Three Car Garage, Three or more Spaces

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: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Fitness, Other, Pickleball, Property Manager On-Site, Pool, Tennis Court(s)
  • Association Fee: 380.0
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Recreation Facilities, Reserve Fund, Security

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 31393600014000000010.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8206.0
  • Tax Lot: 10
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 25, 2024
Sold by
Olson Jane L and Jane L Olson Living Trust
Bought by
Molinaro Living Trust and Molinaro
Seller's Agent
Tripp Hernandez
Dale Sorensen Real Estate Inc.
Buyer's Agent
Dan Downey
One Sotheby's Int'l Realty
List Price
$1,950,000
Sold Price
$1,825,000
Premium/Discount to List
-$125,000
-6.41%
Views
49
Current Estimated Value
$1,427,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$397,368
Avg. Annual Appreciation
-13.45%
Original Mortgage
$1,203,000
Outstanding Balance
$1,182,253
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$245,379

Purchase Details

Closed on
Dec 4, 2019
Sold by
Olson Jane L and Olson Robert A
Bought by
Olson Jane L

Purchase Details

Listed on
Feb 13, 2017
Closed on
Aug 31, 2017
Sold by
Christensen Richard G and Christensen Janis S
Bought by
Olson Jane L
Seller's Agent
Beth Livers
Berkshire Hathaway Florida
Buyer's Agent
Joseph ONeill
Douglas Elliman Florida LLC
List Price
$859,000
Sold Price
$740,000
Premium/Discount to List
-$119,000
-13.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%

Purchase Details

Closed on
Apr 27, 1998
Sold by
Lee Steven C and Lee E
Bought by
Christensen Richard G and Christensen Janis S

Purchase Details

Closed on
Aug 28, 1997
Sold by
Brown Hal W and Brown Marilyn H
Bought by
Lee Steven C and Lee E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
7.52%
Mortgage Type
Purchase Money Mortgage
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
Molinaro Living Trust $1,825,000 First American Title Insurance
Olson Jane L -- Attorney
Olson Jane L $740,000 Attorney
Christensen Richard G $510,000 --
Lee Steven C $485,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molinaro Living Trust $1,203,000
Previous Owner Lee Steven C $295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2024 04/25/24 Sold $1,825,000 -6.4% $491 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $1,950,000 +163.5% $525 / Sq Ft
08/31/2017 08/31/17 Sold $740,000 -13.9% $198 / Sq Ft View Prior Sale
08/01/2017 08/01/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $859,000 -- $230 / 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
2025 $18,131 $1,520,918 $280,370 $1,240,548
2024 $8,206 $1,160,438 $240,317 $920,121
2023 $8,206 $748,888 $0 $0
2022 $8,125 $705,899 $0 $0
2021 $8,198 $685,339 $0 $0
2020 $8,216 $675,877 $128,169 $547,708
2019 $8,749 $695,209 $0 $0
2018 $8,736 $682,247 $128,169 $554,078
2017 $6,697 $517,116 $0 $0
2016 $6,825 $506,480 $0 $0
2015 $7,107 $502,960 $0 $0
2014 $7,056 $498,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 275082

APN: 31-39-36-00014-0000-00010.0