NOT LISTED FOR SALE

638 Ocean Rd Vero Beach, FL 32963

Estimated Value: $7,714,000 - $10,361,474

5 Beds
7 Baths
7,364 Sq Ft
$1,227/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2014

Last sale price $5,850,000 $794 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $54,416 / mo

54 Days on Market

Highlights

  • Ocean Front
  • Gated with Attendant
  • Wood Flooring
  • Beachland Elementary School Rated A-
  • Pool
  • 1 Fireplace

About This Home

As of August 2014

Oceanfront oasis features approx. 120-ft. of beach frontage & unobstructed ocean views! Newly renovated, over 7,000 SF w/guest house. 4BR in main house + library/office. Guest house w/bedroom & sitting room + full bath. Chef's kitchen w/center island. Luxurious master suite w/oceanfront porch & dual closets. Beautiful lanai w/pool & loggia w/fireplace. Sizes approx./subj. to error.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. Brokerage Phone: 772-231-4712 License #0316531 Listed on: 05/02/2014

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

NON-MLS AGENT

NON MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,399

Year Built

  • Built in 1987

Lot Details

  • Lot Dimensions are 120x350
  • Ocean Front
  • West Facing Home
  • Few Trees

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Tile Roof

Interior Spaces

  • 2-Story Property
  • Elevator
  • Crown Molding
  • 1 Fireplace
  • French Doors
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Outdoor Shower
  • Property has ocean access
  • Beach Access
  • Balcony
  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 32400600001000000020.0

Community Details

Overview

  • Association fees include common areas, security
  • John's Island Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,399

Year Built

Built in 1987

Lot Details

0 Sq Ft Lot

Parking

3

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 120x350
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: JOHN'S ISLAND
  • Directions: North on A1A to John's Island main gate, east side, then left (north); home is on right.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1987
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Closet Cabinetry, Crown Molding, Elevator, Kitchen Island, Pantry, Split Bedrooms, Walk-In Closet(s), French Door(s)/Atrium Door(s)
  • Stories: 2
  • Window Features: Impact Glass, None, Single Hung

Exterior Features

  • Lot Features: 1-3 Acres, Few Trees
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: West
  • Exterior Features: Balcony, Outdoor Shower, Porch, Rain Gutters, Propane Tank - Owned
  • Patio And Porch Features: Covered, Patio, Porch
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Driveway, Detached, Three Car Garage, Three or more Spaces

Utilities

  • Laundry Features: Lower Level, Laundry Room, Laundry Tub, In Unit, Upper Level
  • Security: Gated with Guard, Security Guard
  • Cooling: Central Air, Electric, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutter(s)
  • Amenities: Dues Paid Annually
  • Association Fee: 2085.0
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Other, Security

Lot Info

  • Parcel #: 32400600001000000020.0
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 53399.0
  • Tax Lot: 20
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2014
Closed on
Aug 1, 2014
Sold by
Fernandez Aurelio E and Fernandez Berta
Bought by
Hill Lucius T and Hill Wendy Y
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
NON-MLS AGENT
NON MLS
List Price
$6,700,000
Sold Price
$5,850,000
Premium/Discount to List
-$850,000
-12.69%
Current Estimated Value
$9,037,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,187,737
Avg. Annual Appreciation
3.78%

Purchase Details

Listed on
Dec 20, 2012
Closed on
Jul 18, 2013
Sold by
Asset Recovery Ix Llc
Bought by
Fernandez Aurelio E and Fernandez Berta
Seller's Agent
J. Dale Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
J Dale Sorensen
Dale Sorensen Real Estate Inc.
List Price
$6,500,000
Sold Price
$4,550,000
Premium/Discount to List
-$1,950,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.63%

Purchase Details

Closed on
Dec 13, 2012
Sold by
638 J I Llc and Tan Melih O
Bought by
Asset Recovery Ix Llc

Purchase Details

Closed on
Dec 19, 2007
Sold by
Watrous Patrice S
Bought by
638 J I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,829,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2004
Sold by
Novelly Paul A
Bought by
Watrous Patrice S and Patrice S Watrous Declaration Of Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2004
Sold by
Novelly Mary K
Bought by
Watrous Patrice S and Patrice S Watrous Declaration Of Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 1997
Sold by
Novelly Paul A and Novelly Mary K
Bought by
Novelly Mary K
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hill Lucius T $5,850,000 Attorney
Fernandez Aurelio E $4,550,000 Attorney
Asset Recovery Ix Llc -- None Available
638 J I Llc $4,150,000 Live Oak Title Llc
Watrous Patrice S -- Lawyers Title Agency
Watrous Patrice S $5,320,000 Lawyers Title Agency
Novelly Mary K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 638 J I Llc $5,829,000
Previous Owner Watrous Patrice S $1,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2014 08/01/14 Sold $5,850,000 -12.7% $794 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $6,700,000 +47.3% $910 / Sq Ft
07/22/2013 07/22/13 Sold $4,550,000 -30.0% $618 / Sq Ft View Prior Sale
06/22/2013 06/22/13 Pending -- -- --
12/19/2012 12/19/12 For Sale $6,500,000 -- $883 / Sq Ft
Source: REALTORS® Association of Indian River County

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
2025 $77,995 $6,586,327 -- --
2024 $72,896 $6,586,327 -- --
2023 $72,896 $6,214,278 $0 $0
2022 $71,393 $6,033,280 $0 $0
2021 $72,251 $5,857,553 $3,068,500 $2,789,053
2020 $73,082 $5,784,030 $3,170,500 $2,613,530
2019 $80,931 $6,190,571 $3,549,600 $2,640,971
2018 $77,885 $5,923,963 $3,549,600 $2,374,363
2017 $71,716 $5,245,036 $0 $0
2016 $73,280 $5,180,620 $0 $0
2015 $69,263 $4,629,230 $0 $0
2014 -- $4,047,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matilde Sorensen

    Seller's Agent in 2014

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    59 in this area

    219 Total Sales

    Matilde Sorensen
    Section Image

  • N

    Buyer's Agent in 2014

    NON-MLS AGENT

    NON MLS

  • J

    Seller's Agent in 2013

    J. Dale Sorensen

    Dale Sorensen Real Estate Inc.

  • J

    Buyer's Agent in 2013

    J Dale Sorensen

    Dale Sorensen Real Estate Inc.

See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 146311

APN: 32-40-06-00001-0000-00020.0

Florida Indian River County Vero Beach 32963

638 Ocean Rd, Vero Beach, FL

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.

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.