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South Beach 32963
1025 Treasure Lane
$350,000
● House - Off Market

1025 Treasure Lane

Vero Beach, FL 32963
bedrooms
2 Beds
bathrooms
2 Baths
$726,185
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

Escape to your Moorings beach cottage!  Located on a generous corner lot less than 2 blocks away from the Moorings deeded beach access, this well maintained 2/2 pool home offers easy FL living. Updates include metal roof, Anderson windows & Pella sliding doors, storm shutters, new pool heater & 3 solar tubes for natural light. VOLUNTARY HOA provides beach access & security patrol.
Unit Size
-
Days on Market
325 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$293
HOA Dues
$345
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 11 months ago (Indian River #130823)

Price History

Date / Event Date Event Price
Aug 31, 2015 Sold
Premium
Sold
Jun 18, 2013 Sold
Premium
Sold
Jul 24, 2012 Listed by The Moorings Realty Sales Co. $370,000
Listed by The Moorings Realty Sales Co.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 2
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: 11
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 18,295
  • Lot Size Depth Feet: 1,578
  • Lot Size Frontage Feet: 1,066
  • Total Building Area: 2,954
  • Gross Building Area: 2,954
  • Building Area: 2,425
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,425
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MOORINGS UNIT 1
  • Land Acres: 0000000420
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: MOORINGS UNIT 1 LOT 28 PBI 8-6 & 6A

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050509

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-27-00001-0000-00028.0
  • Lot: 28
  • Municipality: UNINCORPORATED
  • Latitude: 27.5828
  • Longitude: -80.3306

    Address

  • Full Address: 1025 Treasure Ln
  • Address - House Number: 1025
  • Address - Street Name: Treasure
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R002
  • 4-Digit Zip Code: 3046
  • Zip Code: 32963

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $741,918
  • Tax Rate Code Area: 7U

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 1,235,082
  • High Value: 1,490,861
  • Low Value: 979,303

    Market Valuation

  • Market Total Value: $717,071
  • Market Land Value: $352,126
  • Market Improvement Value: $364,945

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $546,598

    Sales

  • Current Sale Contract Date: Aug 31, 2015
  • Current Sale Recording Date: Aug 31, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120150052551
  • Previous Sale Recording Date: Jun 18, 2013
  • Previous Sale Contract Date: Jun 14, 2013
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Beach

Stats & Trends

Median Asking:

$985,000

Sale Price/ft²

$468

Below Asking

0.03%

Average Days on Market

93

Average Home Size

2716 ft²

Average Home Age

39.7 years

Currently For Sale

62 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 300 Harbour Drive, Vero Beach, FL, 32963

$10,000 /mo

  • 2 Beds
  • 2 Baths
  • 2,100 ft²
300 Harbour Drive #106B, Vero Beach, FL, 32963 Listing by Marsha M Sherry

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Erika Ross, The Moorings Realty Sales Co.
Last Updated: 11 months ago
Data Source: RAIRC, MLS# 130823
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.

Frequently Asked Questions

When was property at 1025 Treasure Lane built and last sold?
The property at 1025 Treasure Lane was built in 1976 and last sold on Aug 31, 2015 for $480,000.
How much is this home worth?
The estimated value of the home located at 1025 Treasure Lane is $0.
What are some comparable homes to 1025 Treasure Lane?
There are currently no comparable homes to 1025 Treasure Lane.
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