NOT LISTED FOR SALE
4 Beds
3 Baths
2,308 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date 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
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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

7,405 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
Jun 30, 2023
Sold by
Bought by
Seller's Agent
Vincent Scarlatos
Corcoran Premier Realty
Buyer's Agent
Vincent Scarlatos
Corcoran Premier Realty
List Price
$890,000
Sold Price
$795,000
Premium/Discount to List
-$95,000
-10.67%
Views
394

Purchase Details

Closed on
Jan 1, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$795,000 Destination Title
-- Attorney
-- Attorney
-- --
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $10,592 $647,238 $193,375 $453,863
2024 $4,469 $640,484 $193,375 $447,109
2023 $4,469 $247,775 $0 $0
2022 $4,154 $295,809 $110,500 $185,309
2021 $3,575 $223,695 $110,500 $113,195
2020 $3,187 $186,157 $110,500 $75,657
2019 $3,166 $180,182 $110,500 $69,682
2018 $3,122 $174,667 $110,500 $64,167
2017 $3,012 $167,303 $0 $0
2016 $2,841 $161,550 $0 $0
2015 $2,597 $136,690 $0 $0
2014 $2,275 $124,460 $0 $0
Source: Public Records

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 265524

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

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