NOT LISTED FOR SALE

626 Azalea Ln Vero Beach, FL 32963

4 Beds
3 Baths
2,308 Sq Ft
7,405 Sq Ft Lot

Last Sold July 13, 2023

Last sale price $795,000 $344 Per Sq Ft

167 Days on Market

Highlights

  • Balcony
  • Enclosed Patio or Porch
  • Multiple cooling system units
  • Beachland Elementary School Rated A-
  • 6 Car Attached Garage
  • 3-minute walk to South Beach Park

About This Home

As of July 2023

Exceptional location and rare opportunity for multi-family duplex property "between the bridges" on Orchid Island just two blocks from Ocean Boulevard's boutique shops and restaurants. Flood X is a plus. Open palette for reno/development with current MF zoning or potential rezone to PO. New HVAC system downstairs (2022) and upstairs (2015). New main electrical panels (2016). Upstairs unit features open floorplan 2/1, two balconies, premium laminate wood flooring. Downstairs is a 2/2 w/en suite baths, terrazzo flooring and porch.

Last Agent to Sell the Property

Vincent Scarlatos

Corcoran Premier Realty License #3059721 Listed on: 01/20/2023

Corcoran Premier Realty

Last Buyer's Agent

Vincent Scarlatos

Corcoran Premier Realty License #3059721 Listed on: 01/20/2023

Corcoran Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,154

Year Built

  • Built in 1955

Lot Details

  • Sprinkler System

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • Split Bedroom Floorplan
  • 2-Story Property
  • Blinds
  • Sliding Windows
  • French Doors
  • Laundry on lower level

Flooring

  • Laminate
  • Tile
  • Terrazzo
  • Vinyl

Parking

  • 6 Car Attached Garage
  • Assigned Parking

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Assessor Parcel Number 32403200006015000017.0

Community Details

Overview

  • Vero Beach Estates Subdivision

Building Details

  • 2 Separate Electric Meters
  • Insurance Expense $2,200
  • Gross Income $58,000
  • Net Operating Income $50,146

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,154

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: n/a
  • Road Surface Type: Paved
  • Subdivision Name: Vero Beach Estates
  • Directions: Take 60 East over either bridge to A1A to Azalea Lane to property on right.
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1955
  • Attribution Contact: 407-425-5069
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Mixed Use
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Laminate, Terrazzo, Tile, Vinyl
  • Interior Amenities: Master Downstairs, Split Bedrooms, French Door(s)/Atrium Door(s)
  • Stories: 2
  • Window Features: Blinds, Single Hung, Sliding

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Frame, Concrete
  • Exterior Features: Balcony, Enclosed Porch, Sprinkler/Irrigation
  • Patio And Porch Features: Balcony, Patio, Porch, Screened
  • Roof: Shingle

Garage/Parking

  • Parking Features: Assigned, Attached
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Lower Level, Upper Level
  • Cooling: Central Air, 2 Units
  • Cooling Y N: Yes
  • Heating: Central, Electric, Multiple Heating Units
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association Name: n/a

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Current Use: Residential
  • Parcel #: 32403200006015000017.0
  • Zoning Description: Multiple,Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 58000.0
  • Insurance Expense: 2200.0
  • Property Net Operating Income: 50146.0
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Annual Amount: 4154.0
  • Tax Year: 2022

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2023 07/13/23 Sold $795,000 -4.1% $344 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
05/22/2023 05/22/23 Price Changed $829,000 -2.5% $359 / Sq Ft
05/15/2023 05/15/23 Price Changed $850,000 -1.7% $368 / Sq Ft
04/26/2023 04/26/23 Price Changed $865,000 -2.8% $375 / Sq Ft
04/11/2023 04/11/23 Price Changed $890,000 0.0% $386 / Sq Ft
04/11/2023 04/11/23 For Sale $890,000 +11.9% $386 / Sq Ft
04/06/2023 04/06/23 Off Market $795,000 -- --
03/23/2023 03/23/23 Price Changed $900,000 -1.1% $390 / Sq Ft
03/14/2023 03/14/23 Price Changed $910,000 -1.6% $394 / Sq Ft
03/01/2023 03/01/23 Price Changed $925,000 -4.5% $401 / Sq Ft
02/21/2023 02/21/23 Price Changed $969,000 -3.0% $420 / Sq Ft
02/06/2023 02/06/23 Price Changed $998,900 -2.9% $433 / Sq Ft
01/20/2023 01/20/23 For Sale $1,029,000 -- $446 / Sq Ft
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Vincent Scarlatos

    Seller's Agent in 2023

    Vincent Scarlatos

    Corcoran Premier Realty

    (407) 718-2378

    2 in this area

    44 Total Sales

    Vincent Scarlatos
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 265524

APN: 32-40-32-00006-0150-00017.0

Florida Indian River County Vero Beach 32963

626 Azalea Ln, Vero Beach, FL

Not Listed for Sale

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