NOT LISTED FOR SALE

5550 42nd Terrace Vero Beach, FL 32967

Winter Beach Neighborhood

Estimated Value: $538,000 - $581,000

6 Beds
4 Baths
3,004 Sq Ft
$184/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $535,000 $178 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,740/month

6 Days on Market

Highlights

  • Lake Front
  • Clubhouse
  • Loft
  • Gated Community
  • Roman Tub
  • Community Pool

About This Home

As of August 2022

**OPEN HOUSE SCHEDULED FOR SUNDAY JULY 10TH 1:30-3:30 IS CANCELED. **Stunning 6 bedroom, 4 bath, Rubens model on tranquil lake in the sought after community of Verolago. Fabulous updates include: remodeled kitchen, new luxury vinyl plank flooring, 2018 A/C's, impact windows and more. Super low HOA with a plethora of amenities.

Last Agent to Sell the Property

Colleen Jennings

Billero & Billero - Beach Offc License #3324121 Listed on: 07/06/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,206

Year Built

  • Built in 2007

Lot Details

  • 8,276

HOA Fees

  • $241 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 3,004 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Family Room
  • Open Floorplan
  • Loft
  • Lake Views
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms
  • Roman Tub

Home Security

  • Security Gate
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Lake Front

Listing and Financial Details

  • Assessor Parcel Number 32391600007000000237.0

Community Details

Overview

  • Association fees include common areas, ground maintenance, recreation facilities, reserve fund, security
  • Verolago Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,206

Year Built

Built in 2007

Lot Details

0

HOA Fees

$241 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: US 1 to 53rd, West on 53rd, North on 58th Ave to Verolago on the right.
  • Year Built: 2007
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Garden Tub/Roman Tub, Kitchen/Dining Combo, Living/Dining Room, Split Bedrooms, Walk-In Closet(s), Loft
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Carpet, Tile
  • Living Area: 3004.0
  • Dining Room Type: Family Room, Laundry, Loft
  • Stories: 2

Exterior Features

  • Exterior Features: Patio
  • View: Lake
  • Lot Features: < 1/4 Acre
  • Pool Features: None, Association, Community
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces

Utilities

  • Security: Security Gate, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association Fee: 241.0
  • Community Features: Clubhouse, Gated, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

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

Lot Info

  • Parcel #: 32391600007000000237.0
  • Zoning Description: RES

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3206.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 11, 2022
Sold by
Russano Michael J and Russano Melissa
Bought by
Mcgough Joshua and Mcgough Traci
Seller's Agent
Colleen Jennings
Billero & Billero - Beach Offc
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Current Estimated Value
$552,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,896
Avg. Annual Appreciation
2.05%
Original Mortgage
$465,000
Outstanding Balance
$446,880
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$122,849

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 31, 2021
Sold by
Keeley Damien Smith
Bought by
Russano Michael J and Russano Melissa
Seller's Agent
Shaun Welsh
Billero & Billero Properties
Buyer's Agent
Colleen Jennings
Billero & Billero Properties
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.34%
Original Mortgage
$325,000
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Listed on
Aug 24, 2015
Closed on
Oct 30, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Keeley Damien Smith
Seller's Agent
Sarah Munkacsy
Ohana East Coast Realty LLC
Buyer's Agent
Shaun Welsh
Billero & Billero Properties
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.22%
Original Mortgage
$138,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2015
Sold by
Jpmorgan Chase Bank Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 9, 2014
Sold by
Elbaz Eric H
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Nov 28, 2007
Sold by
Centex Homes
Bought by
Elbaz Eric H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,850
Interest Rate
7.87%
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
Mcgough Joshua $535,000 Elite Title Of The Treasure Co
Russano Michael J $475,000 Elite Ttl Of Treasure Coast
Keeley Damien Smith $230,000 Consumer Title & Escrow Serv
Federal Home Loan Mortgage Corporation -- Attorney
Jpmorgan Chase Bank National Association $152,100 None Available
Elbaz Eric H $294,900 Commerce Title & Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgough Joshua $465,000
Previous Owner Russano Michael J $325,000
Previous Owner Keeley Damien Smith $211,640
Previous Owner Keeley Damien Smith $138,000
Previous Owner Elbaz Eric H $235,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $535,000 -2.7% $178 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $550,000 +15.8% $183 / Sq Ft
08/31/2021 08/31/21 Sold $475,000 0.0% $158 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $475,000 +106.5% $158 / Sq Ft
10/30/2015 10/30/15 Sold $230,000 -8.0% $77 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
08/24/2015 08/24/15 For Sale $249,900 -- $83 / 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 $6,631 $283,304 -- --
2023 $6,631 $463,919 $38,250 $425,669
2022 $4,542 $366,626 $0 $0
2021 $3,206 $249,103 $0 $0
2020 $3,193 $245,664 $0 $0
2019 $3,198 $240,141 $0 $0
2018 $3,169 $235,663 $0 $0
2017 $3,141 $230,816 $0 $0
2016 $3,721 $265,120 $0 $0
2015 $4,026 $235,720 $0 $0
2014 $3,615 $215,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Colleen Jennings

    Seller's Agent in 2022

    Colleen Jennings

    Billero & Billero - Beach Offc

    (772) 559-8125

    5 in this area

    181 Total Sales

    Colleen Jennings
    Section Image
  • Shaun Welsh

    Seller's Agent in 2021

    Shaun Welsh

    Billero & Billero Properties

    (954) 249-6591

    31 in this area

    81 Total Sales

    Shaun Welsh
    Section Image
  • Sarah Munkacsy

    Seller's Agent in 2015

    Sarah Munkacsy

    Ohana East Coast Realty LLC

    (321) 890-2382

    96 Total Sales

    Sarah Munkacsy
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10814444

BeachesMLS

APN: 32-39-16-00007-0000-00237.0

Florida Indian River County Vero Beach 32967 Winter Beach

5550 42nd Terrace, Vero Beach, FL

This home is located at 5550 42nd Terrace, Vero Beach, FL 32967 since 06 July 2022 and is currently estimated at $552,896, approximately $184 per square foot. This property was built in 2007. 5550 42nd 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.

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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