NOT LISTED FOR SALE

5875 40th Ln Vero Beach, FL 32966

Estimated Value: $422,371 - $467,000

3 Beds
2 Baths
1,858 Sq Ft
$236/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $460,000 $248 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,666/month

34 Days on Market

Highlights

  • Lake Front
  • Free Form Pool
  • Vaulted Ceiling
  • Vero Beach High School Rated A-
  • Home fronts a pond
  • Hydromassage or Jetted Bathtub

About This Home

As of May 2024

Immaculate fabulous turnkey 3 Bedroom| 2 Bath Pool home in the hidden gem of Sylvan Lakes. Privately situated on a cul de sac with gorgeous southern lake & pool views.This property boasts a brand new roof, a gas fireplace for those romantic or chilly nights, split floor plan, spacious kitchen with gas range, granite counters & bar, large living & dining overlooking the lanai, pool & lake. The primary suite features a large walk in closet & ensuite with separate shower & tub, 2 generous guest bedrooms with a large shared bathroom. Side-entry garage, low HOA. Put this one on your MUST SEE LIST!

Last Agent to Sell the Property

Nathalie Frankel

Rennick Real Estate Brokerage Phone: 772-562-5015 License #3108445 Listed on: 04/05/2024

Last Buyer's Agent

NON-MLS AGENT

NON MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,068

Year Built

  • Built in 1996

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 126 x130
  • Home fronts a pond
  • Lake Front
  • Cul-De-Sac
  • North Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Lake
  • Views of Preserve
  • Garden
  • Pool

Home Design

  • Shingle Roof

Interior Spaces

  • 1,858 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Vaulted Ceiling
  • 1 Fireplace
  • Window Treatments
  • Sliding Doors
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Free Form Pool
  • Outdoor Pool
  • Spa
  • Screen Enclosure

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • Association fees include common areas
  • Sylvan Lakes Poa
  • Sylvan Lakes Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 32392900008000000008.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,068

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.28
  • Lot Size: 126 x130
  • Ownership: Single Family/Other
  • Subdivision Name: Sylvan Lakes
  • Directions: 58th Ave to west on 41st street. Sylvan Lakes will be first subdivision on left, make the first right to the end of the Cul de Sac. House is on the left (South side)
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1996
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-562-5015
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile
  • Interior Amenities: Bathtub, High Ceilings, Jetted Tub, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Living Area: 1858.0
  • Stories: 1
  • Window Features: Single Hung, Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: Cul-De-Sac, 1/4 to 1/2 Acre Lot
  • Pool Features: Free Form, Electric Heat, Heated, Other, Pool, Private, Screen Enclosure
  • Pool Private: Yes
  • View: Garden, Lake, Pool, Preserve
  • View: Yes
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: North
  • Exterior Features: Enclosed Porch, Sprinkler/Irrigation, Porch, Propane Tank - Owned
  • Patio And Porch Features: Covered, Patio, Porch, Screened
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Fee: 59.0
  • Association Name: Sylvan Lakes POA
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 32392900008000000008.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4068.0
  • Tax Lot: 8
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 9, 2024
Sold by
Rosati Jerry
Bought by
Shenette Leo and Cadrin Patricia
Seller's Agent
Nathalie Frankel
Rennick Real Estate
Buyer's Agent
NON-MLS AGENT
NON MLS
List Price
$460,000
Sold Price
$460,000
Views
34
Current Estimated Value
$438,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,157
Avg. Annual Appreciation
-3.24%
Original Mortgage
$368,000
Outstanding Balance
$362,751
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$76,092

Purchase Details

Listed on
Jan 5, 2013
Closed on
May 10, 2013
Sold by
Hotchkiss Michael C
Bought by
Rosati Jerry
Seller's Agent
Don Frederick
Dale Sorensen Real Estate Inc.
Buyer's Agent
Cheryl Michel
One Sotheby's Int'l Realty
List Price
$250,000
Sold Price
$180,000
Premium/Discount to List
-$70,000
-28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%

Purchase Details

Closed on
Apr 30, 1996
Sold by
Rabowski Andrew M and Grabowski Maria A
Bought by
Hotchkiss Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,650
Interest Rate
7.77%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shenette Leo $460,000 Investors Title Insurance Agen
Rosati Jerry $180,000 Oceanside Title & Escrow
Hotchkiss Michael C $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shenette Leo $368,000
Previous Owner Hotchkiss Michael C $122,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2024 05/10/24 Sold $460,000 0.0% $248 / Sq Ft
04/05/2024 04/05/24 For Sale $460,000 +155.6% $248 / Sq Ft
05/10/2013 05/10/13 Sold $180,000 -28.0% $97 / Sq Ft View Prior Sale
04/10/2013 04/10/13 Pending -- -- --
01/05/2013 01/05/13 For Sale $250,000 -- $135 / 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 $4,068 $292,347 $51,046 $241,301
2023 $4,068 $302,839 $51,046 $251,793
2022 $3,671 $264,033 $51,046 $212,987
2021 $3,313 $217,261 $51,046 $166,215
2020 $3,254 $210,662 $42,538 $168,124
2019 $3,346 $210,662 $42,538 $168,124
2018 $3,127 $193,935 $42,538 $151,397
2017 $3,104 $189,682 $0 $0
2016 $2,978 $181,270 $0 $0
2015 $2,815 $162,620 $0 $0
2014 $2,529 $148,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nathalie Frankel

    Seller's Agent in 2024

    Nathalie Frankel

    Rennick Real Estate

    (772) 633-7610

    39 Total Sales

    Nathalie Frankel
    Section Image

  • N

    Buyer's Agent in 2024

    NON-MLS AGENT

    NON MLS

  • D

    Seller's Agent in 2013

    Don Frederick

    Dale Sorensen Real Estate Inc.

    (772) 532-1171

    36 Total Sales

    Don Frederick
    Section Image
  • Cheryl Michel

    Buyer's Agent in 2013

    Cheryl Michel

    One Sotheby's Int'l Realty

    (772) 532-6542

    97 Total Sales

    Cheryl Michel
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 277120

APN: 32-39-29-00008-0000-00008.0

Florida Indian River County Vero Beach 32966

5875 40th Ln, Vero Beach, FL

This home is located at 5875 40th Ln, Vero Beach, FL 32966 since 05 April 2024 and is currently estimated at $438,843, approximately $236 per square foot. This property was built in 1996. 5875 40th Ln is a home located in Indian River County with nearby schools including Dodgertown Elementary School, Storm Grove Middle School, and Vero Beach High School.

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