NOT LISTED FOR SALE

5523 55th Terrace Vero Beach, FL 32967

Winter Beach Neighborhood

Estimated Value: $484,000 - $554,000

4 Beds
3 Baths
2,296 Sq Ft
$223/Sq Ft Est. Value

Last Sold February 09, 2023

Last sale price $450,000 $196 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,325/month

88 Days on Market

Highlights

  • Lake Front
  • Spa
  • Gated Community
  • Fitness Center
  • Home fronts a pond
  • Roman Tub

About This Home

As of February 2023

Come to Vero Lago where you'll see this large home with 2296 Sq Ft. living area which is a short drive to the ocean and riverfront amenities. Home features all tile flooring with living and family rooms plus a private in-law or student bedroom / bath area separated from main living area. Enjoy the lake view from rear patio as you lounge and relax your cares away in the included hot tub.

Last Agent to Sell the Property

David Gagnon

RE/MAX Crown Realty License #3100120 Listed on: 11/12/2022

RE/MAX Crown Realty

Last Buyer's Agent

Michelle Kantzler

The Keyes Company License #3231017

The Keyes Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,158

Year Built

  • Built in 2016

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 55 x 150
  • Home fronts a pond
  • Lake Front
  • East Facing Home
  • Fenced
  • Sprinkler System
  • Few Trees

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 2,296 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Tinted Windows
  • Blinds
  • Sliding Windows
  • French Doors
  • Tile Flooring
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Roman Tub
  • Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 206
  • Assessor Parcel Number 32391500003000000206.0

Community Details

Overview

  • Association fees include common areas, ground maintenance, reserve fund, security
  • Elliot Merrill Association
  • Verolago Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Security

  • Phone Entry
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,158

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • Lot Size: 55 x 150
  • Ownership: Single Family/Other
  • Subdivision Name: Verolago
  • Directions: From 58th Ave. go east on 57th St. thru Vero Lago subdivision gate. Call owner Ernie Johnson from gate access control box so he can buzz agents in.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2016
  • ResoBuildingAreaSource: Other
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-589-3054
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Bathtub, Closet Cabinetry, Garden Tub/Roman Tub, High Ceilings, Kitchen Island, Pantry, Split Bedrooms, Walk-In Closet(s), French Door(s)/Atrium Door(s)
  • Living Area: 2296.0
  • Stories: 1
  • Window Features: Blinds, Sliding, Tinted Windows
  • ResoLivingAreaSource: Other

Exterior Features

  • Lot Features: Few Trees, < 1/4 Acre
  • Pool Features: Pool, Community
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Exterior Features: Fence, Sprinkler/Irrigation, Porch, Rain Gutters
  • Patio And Porch Features: Covered, Patio, Porch, Screened
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: Common Area, Laundry Room, Laundry Tub
  • Security: Security System Owned, Gated Community, Phone Entry, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Fitness, Playground, Tennis Court(s), Gutter(s), Pool
  • Association Fee: 259.66
  • Association Name: Elliot Merrill
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Reserve Fund, Security

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 32391500003000000206.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4158.0
  • Tax Lot: 206
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2022
Closed on
Feb 9, 2023
Sold by
Ej Individual Trust
Bought by
Nilsson Family Trust
Seller's Agent
David Gagnon
RE/MAX Crown Realty
Buyer's Agent
Michelle Kantzler
The Keyes Company
List Price
$515,000
Sold Price
$450,000
Premium/Discount to List
-$65,000
-12.62%
Current Estimated Value
$512,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,954
Avg. Annual Appreciation
5.21%

Purchase Details

Closed on
Jun 27, 2022
Sold by
Johnson Ernest K
Bought by
Ej Individual Trust

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 18, 2021
Sold by
Calhoun Gary R and Montague Marianne
Bought by
Johnson Ernest K
Seller's Agent
Jennifer Stein
Homelister Inc
Buyer's Agent
David Gagnon
RE/MAX Crown Realty
List Price
$495,000
Sold Price
$453,500
Premium/Discount to List
-$41,500
-8.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.21%

Purchase Details

Closed on
Oct 19, 2016
Sold by
Vero Beach Builders Llc
Bought by
Calhoun Gary R and Montague Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,960
Interest Rate
3.44%
Mortgage Type
VA

Purchase Details

Closed on
Feb 3, 2016
Sold by
Corona Vero Lago Llc
Bought by
Vero Beach Builders Llc
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
Nilsson Family Trust $450,000 Professional Title
Ej Individual Trust -- Kostro Victor S
Ej Individual Trust -- Kostro Victor S
Johnson Ernest K $453,500 Professional Ttl Of Treasure
Calhoun Gary R $291,900 Rtc Title Inc
Vero Beach Builders Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Calhoun Gary R $296,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2023 02/09/23 Sold $450,000 -12.6% $196 / Sq Ft
11/12/2022 11/12/22 For Sale $515,000 0.0% $224 / Sq Ft
12/23/2021 12/23/21 For Rent $2,750 0.0% --
12/23/2021 12/23/21 Rented $2,750 0.0% --
10/18/2021 10/18/21 Sold $453,500 -8.4% $198 / Sq Ft
09/18/2021 09/18/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $495,000 -- $216 / 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 $6,608 $460,127 $55,250 $404,877
2023 $6,608 $450,261 $0 $0
2022 $5,910 $409,328 $38,250 $371,078
2021 $4,158 $314,631 $34,000 $280,631
2020 $4,253 $317,467 $34,000 $283,467
2019 $4,375 $317,524 $34,000 $283,524
2018 $4,322 $271,377 $34,000 $237,377
2017 $4,516 $279,643 $0 $0
2016 $404 $29,750 $0 $0
2015 $401 $28,900 $0 $0
2014 $370 $27,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Gagnon

    Seller's Agent in 2023

    David Gagnon

    RE/MAX

    (772) 480-0290

    5 in this area

    102 Total Sales

    David Gagnon
    Section Image
  • Michelle Kantzler

    Buyer's Agent in 2023

    Michelle Kantzler

    The Keyes Company

    (772) 538-4017

    2 in this area

    25 Total Sales

    Michelle Kantzler
    Section Image
  • Jennifer Stein

    Seller's Agent in 2021

    Jennifer Stein

    Homelister Inc

    (855) 400-8566

    1 in this area

    2,371 Total Sales

    Jennifer Stein
    Section Image
  • Lynn Grady

    Buyer's Agent in 2021

    Lynn Grady

    Engel & Voelkers Vero Beach

    (203) 605-8634

    1 in this area

    203 Total Sales

    Lynn Grady
    Section Image
  • Erica Ogilvie

    Buyer Co-Listing Agent in 2021

    Erica Ogilvie

    RE/MAX

    (772) 633-4779

    1 in this area

    225 Total Sales

    Erica Ogilvie
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 264033

APN: 32-39-15-00003-0000-00206.0

Florida Indian River County Vero Beach 32967 Winter Beach

5523 55th Terrace, Vero Beach, FL

This home is located at 5523 55th Terrace, Vero Beach, FL 32967 since 12 November 2022 and is currently estimated at $512,954, approximately $223 per square foot. This property was built in 2016. 5523 55th Terrace is a home located in Indian River County with nearby schools including Dodgertown Elementary School, Storm Grove Middle School, and Sebastian River High School.

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