NOT LISTED FOR SALE

5551 55th Terrace Vero Beach, FL 32967

Winter Beach Neighborhood

Estimated Value: $448,078 - $490,000

3 Beds
2 Baths
1,802 Sq Ft
$264/Sq Ft Est. Value

Last Sold March 19, 2020

Last sale price $295,000 $164 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,904/month

78 Days on Market

Highlights

  • Lake Front
  • Home fronts a pond
  • Gated Community
  • Fitness Center
  • Outdoor Pool
  • Clubhouse

About This Home

As of March 2020

NEW PRICE !!! Like new lakefront home built in 2016 but only used a few months each year. Nice upgrades. Granite counters. Stainless appliances. Impact windows. New woodgrain tile in Master Bedroom. One of the larger lots in nice gated community with exceptional clubhouse and rec area. Conveniently located; just minutes from beach and shopping. Very low maintenance home. Easy to lock and leave.

Last Agent to Sell the Property

Mike Boyd

Coldwell Banker Paradise License #0533457 Listed on: 12/01/2019

Coldwell Banker Paradise

Last Buyer's Agent

Rebecca Durando

RE/MAX Crown Realty VB License #3027510

RE/MAX Crown Realty VB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,367

Year Built

  • Built in 2016

Lot Details

  • Lot Dimensions are 50x150
  • Home fronts a pond
  • Lake Front
  • Southwest Facing Home
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 1,802 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Blinds
  • Sliding Doors
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 213
  • Assessor Parcel Number 32391500003000000213.0

Community Details

Overview

  • Association fees include common areas, ground maintenance
  • Verolago Subdivision

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,367

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 50x150
  • Ownership: Single Family/Other
  • Subdivision Name: Verolago
  • Directions: Use main entrance. Stay to the left until you reach 55th Terrace. Turn right. House on the right.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2016
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-778-2029
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: High Ceilings, Kitchen Island, Split Bedrooms, Walk-In Closet(s)
  • Living Area: 1802.0
  • Stories: 1
  • Window Features: Blinds, Impact Glass

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: Laundry Room
  • Security: Gated Community
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness, Playground, Sidewalks, Tennis Court(s), Pool
  • Association Fee: 217.0
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds

Lot Info

  • Parcel #: 32391500003000000213.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3367.0
  • Tax Lot: 213
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2019
Closed on
Mar 12, 2020
Sold by
Locuco Joseph V and Locuco Sureya Esther
Bought by
Grossman James T and James T Grossman Trust
Seller's Agent
Mike Boyd
Coldwell Banker Paradise
Buyer's Agent
Rebecca Durando
RE/MAX Crown Realty VB
List Price
$319,900
Sold Price
$295,000
Premium/Discount to List
-$24,900
-7.78%
Current Estimated Value
$473,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,509
Avg. Annual Appreciation
9.36%

Purchase Details

Closed on
Apr 22, 2016
Sold by
Vero Beach Builders Llc
Bought by
Lococo Joseph and Lococo Sureya Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,320
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2015
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
Grossman James T $295,000 Atlantic Coastal Land Ttl Co
Lococo Joseph $230,900 Rtc Title Inc
Vero Beach Builders Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lococo Joseph $184,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2020 03/19/20 Sold $295,000 -7.8% $164 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
12/01/2019 12/01/19 For Sale $319,900 -- $178 / 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 $4,695 $395,493 $55,250 $340,243
2023 $4,695 $274,667 $0 $0
2022 $4,195 $337,143 $38,250 $298,893
2021 $3,455 $226,997 $34,000 $192,997
2020 $3,525 $228,987 $34,000 $194,987
2019 $3,625 $228,987 $34,000 $194,987
2018 $3,367 $209,458 $34,000 $175,458
2017 $3,348 $205,208 $0 $0
2016 $490 $29,750 $0 $0
2015 $401 $28,900 $0 $0
2014 $370 $27,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Boyd

    Seller's Agent in 2020

    Mike Boyd

    Coldwell Banker Paradise

    (772) 633-3522

    7 in this area

    109 Total Sales

    Section Image
  • Rebecca Durando

    Buyer's Agent in 2020

    Rebecca Durando

    RE/MAX

    (772) 532-9662

    3 in this area

    84 Total Sales

    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 227846

APN: 32-39-15-00003-0000-00213.0

Florida Indian River County Vero Beach 32967 Winter Beach

5551 55th Terrace, Vero Beach, FL

This home is located at 5551 55th Terrace, Vero Beach, FL 32967 since 01 December 2019 and is currently estimated at $475,270, approximately $263 per square foot. This property was built in 2016. 5551 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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