$1,255,000
SOLD NOV 12, 2024

9049 Somerset Bay Ln Unit 202 Vero Beach, FL 32963

Wabasso Beach Neighborhood
3 Beds
3.5 Baths
3,088 Sq Ft
$1,891/mo HOA Fee

Recently Sold

$406 Per Sq Ft

10% Below List Price

101 Days on Market

Highlights

  • Intracoastal View
  • River Front
  • Marble Flooring
  • Beachland Elementary School Rated A-
  • Clubhouse
  • Screened Porch

About This Home

As of November 2024

This home is located at 9049 Somerset Bay Ln Unit 202, Vero Beach, FL 32963 and is currently priced at $1,255,000, approximately $406 per square foot. This property was built in 2007. 9049 Somerset Bay Ln Unit 202 is a home located in Indian River County with nearby schools including Beachland Elementary School, Gifford Middle School, and Vero Beach High School.

Last Agent to Sell the Property

Talle Genoni

One Sotheby's Int'l Realty License #674912 Listed on: 08/03/2024

One Sotheby's Int'l Realty

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,988

Year Built

  • Built in 2007

HOA Fees

  • $1,891 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit

Property Views

  • Intracoastal
  • Lake

Interior Spaces

  • 3,088 Sq Ft Home
  • 4-Story Property
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Family Room
  • Screened Porch
  • Marble Flooring
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • River Front

Listing and Financial Details

  • Assessor Parcel Number 31392600040008000202.0

Community Details

Overview

  • Association fees include insurance, maintenance structure, recreation facilities, reserve fund, sewer, security, trash
  • High-Rise Condominium
  • Somerset Bay Condominium Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,988

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,891 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: A1A North to Bermuda Club, West to condos.
  • Year Built: 2007
  • Architectural Style: High Rise
  • Entry Level: 4
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Elevator, Split Bedrooms, Separate Shower, Tub Shower, Walk-In Closet(s)
  • Furnished: Negotiable
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble
  • Living Area: 3088.0
  • Dining Room Type: Family Room
  • Stories: 4

Exterior Features

  • Exterior Features: Balcony
  • View: Intercoastal, Lake
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Screened
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Two or More Spaces

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1891.0
  • Community Features: Clubhouse, Non-Gated, Pool
  • Senior Community: No
  • Amenities: Clubhouse, Pool
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Insurance, Maintenance Structure, Recreation Facilities, Reserve Fund, Sewer, Security, Trash

Lot Info

  • Parcel #: 31392600040008000202.0
  • Zoning Description: RES

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12988.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2024
Closed on
Nov 12, 2024
Sold by
Obrooks Pollock Jr Trust and Barney Michael E
Bought by
Wright Douglass B and Wright Mary L
Seller's Agent
Talle Genoni
One Sotheby's Int'l Realty
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$1,395,000
Sold Price
$1,255,000
Premium/Discount to List
-$140,000
-10.04%
Views
404
Current Estimated Value
$1,335,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,548
Avg. Annual Appreciation
5.24%
Original Mortgage
$941,250
Outstanding Balance
$934,365
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$368,285

Purchase Details

Closed on
Jun 9, 2008
Sold by
Weston Real Estate Development Llc
Bought by
Pollock O Brooks and O Brooks Pollock Jr Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,255,000 None Listed On Document
Warranty Deed $1,255,000 None Listed On Document
Warranty Deed $550,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $941,250 New Conventional
Closed $941,250 New Conventional
Previous Owner $445,000 New Conventional
Previous Owner $450,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Sold $1,255,000 -10.0% $406 / Sq Ft
08/03/2024 08/03/24 For Sale $1,395,000 -- $452 / Sq Ft
Source: BeachesMLS

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 $12,988 $1,009,605 -- $1,009,605
2023 $12,988 $917,823 $0 $917,823
2022 $8,472 $632,724 $0 $0
2021 $8,497 $614,295 $0 $614,295
2020 $8,621 $614,295 $0 $614,295
2019 $9,924 $682,550 $0 $682,550
2018 $10,063 $682,550 $0 $682,550
2017 $9,206 $620,500 $0 $0
2016 $8,908 $620,500 $0 $0
2015 $7,578 $450,500 $0 $0
2014 $6,798 $409,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11009521

BeachesMLS

APN: 31-39-26-00040-0080-00202.0