NOT LISTED FOR SALE

520 River Dr Vero Beach, FL 32963

Estimated Value: $7,172,000

5 Beds
5 Baths
5,445 Sq Ft
$1,317/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $1,296,750 $238 Per Sq Ft

Est. 453% increase in value since last sale

Current estimated payment $40,814/month

123 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Private Pool
  • High Ceiling
  • Beachland Elementary School Rated A-
  • Wood Flooring
  • Den

About This Home

As of January 2018

Water Front with unmatched intracoastal point lot. Island like setting with short boat access to the Indian River. Only one house directly adjacent. Nearly 5,500sqft of living area per county tax records. Master bedroom has direct pool/water views and a second story balcony. Den/Library with wet bar off the main Living Room and Master Bedroom. Wood flooring throughout and 30' plus ceiling in the Living Room. Grand plantation style home. A short ride to beautiful downtown Vero Beach & Vero Beach Municipal Airport.

Last Agent to Sell the Property

Gregory Mancini

Florida Sun & Surf Realty License #3067112 Listed on: 08/30/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,800

Year Built

  • Built in 1990

Lot Details

  • 0.7 Acre Lot
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Fenced

Parking

  • 3 Car Attached Garage

Home Design

  • Frame Construction
  • Shake Roof
  • Wood Roof

Interior Spaces

  • 5,445 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Plantation Shutters
  • Family Room
  • Formal Dining Room
  • Den
  • Intracoastal Views
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 5 Full Bathrooms

Outdoor Features

  • Private Pool
  • Seawall
  • Balcony
  • Open Patio

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Riomar Bay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33400500006000000044.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,800

Year Built

Built in 1990

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: 17th St to A1A North to Bay Drive West to River Drive South, House on Right.
  • Year Built: 1990
  • Year Built Details: Resale
  • Special Features: 5120

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, Family/Dining Room, High Ceilings, Pantry, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: None
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Flooring: Carpet, Tile, Wood
  • Living Area: 5445.0
  • Dining Room Type: Den, Family Room
  • Stories: 2
  • Window Features: Plantation Shutters

Exterior Features

  • Exterior Features: Balcony, Fence
  • View: Intercoastal
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access, Seawall
  • Waterfront: Yes
  • Construction Type: Frame
  • Direction Faces: West
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale
  • Roof: Shake, Wood

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 33400500006000000044.0
  • Lot Size Sq Ft: 30492.0
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 22800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2017
Closed on
Jan 30, 2018
Sold by
Udell John
Bought by
Weichert James M and Weichert Pamela M
Seller's Agent
Gregory Mancini
Florida Sun & Surf Realty
List Price
$2,720,000
Sold Price
$1,296,750
Premium/Discount to List
-$1,423,250
-52.33%
Current Estimated Value
$7,172,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,875,250
Avg. Annual Appreciation
23.50%

Purchase Details

Listed on
Aug 30, 2017
Closed on
Jan 16, 2018
Sold by
U S Bank N A
Bought by
Udell John and Weichert James M
Seller's Agent
Gregory Mancini
Florida Sun & Surf Realty
List Price
$2,720,000
Sold Price
$1,296,750
Premium/Discount to List
-$1,423,250
-52.33%

Purchase Details

Closed on
Jun 19, 2017
Sold by
Olvey Michael W and Olvey Marie Laporte
Bought by
U S Bank National Association

Purchase Details

Closed on
Apr 5, 2002
Sold by
Watrous Matthew G and Watrous P
Bought by
Olvey Michael W and Olvey Marie Laporte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.8%

Purchase Details

Closed on
Feb 10, 1997
Sold by
Roth Robert Q and Roth Sally S
Bought by
Watrous Matthew G and Watrous P
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
Weichert James M $12,967 Attorney
Udell John $1,296,800 Attorney
U S Bank National Association $77,800 None Available
Olvey Michael W $1,400,000 --
Watrous Matthew G $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olvey Michael W $450,000
Previous Owner Olvey Michael W $1,500,000
Previous Owner Olvey Michael W $500,000
Previous Owner Olvey Michael W $1,000,000
Previous Owner Olvey Michael W $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $1,296,750 -52.3% $238 / Sq Ft
01/01/2018 01/01/18 Pending -- -- --
08/30/2017 08/30/17 For Sale $2,720,000 -- $500 / Sq Ft
Source: BeachesMLS

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 $20,835 $1,526,302 $1,496,990 $29,312
2023 $20,835 $1,226,227 $0 $0
2022 $17,988 $1,217,942 $1,197,592 $20,350
2021 $16,098 $1,013,410 $997,994 $15,416
2020 $16,318 $1,012,935 $997,994 $14,941
2019 $16,779 $1,012,935 $997,994 $14,941
2018 $30,223 $1,784,281 $997,994 $786,287
2017 $23,046 $1,378,002 $0 $0
2016 $22,800 $1,349,660 $0 $0
2015 $23,364 $1,340,280 $0 $0
2014 $22,438 $1,329,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gregory Mancini

    Seller's Agent in 2018

    Gregory Mancini

    Florida Sun & Surf Realty

    (772) 643-0450

    16 Total Sales

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Map

Source: BeachesMLS

MLS Number: R10363537

BeachesMLS

APN: 33-40-05-00006-0000-00044.0

Florida Indian River County Vero Beach 32963

520 River Dr, Vero Beach, FL

This home is located at 520 River Dr, Vero Beach, FL 32963 since 30 August 2017 and is currently estimated at $7,172,000, approximately $1,317 per square foot. This property was built in 1990. 520 River Dr is a home located in Indian River County with nearby schools including Beachland Elementary School, Gifford Middle School, and Vero Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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