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Vero Beach South 32968
116 38th Court
$530,000
● House - Off Market

116 38th Court

Vero Beach, FL 32968
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,140 Ft²
$3,044
Est. Monthly
$29
HOA / Fees
4.22%
Cap Rate

About This Property

This CONCRETE BLOCK, POOL home will knock your socks off. It has large living areas that open to a large lanai and private pool area, this laid back HOA has friendly neighbors that makes this 3 bedroom a perfect fit for your family. This lot boasts beautiful, large growth oak trees draped with Spanish moss and a spacious backyard.
Unit Size
2,140 Ft²
Days on Market
78 days
Land Size
0.29 acres
Price per sqft
$250
Property Type
House
Property Taxes
$387
HOA Dues
$29
Year Built
1993

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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: 2 years ago (Indian River #283255)

Price History

Date / Event Date Event Price
Feb 12, 2025 Sold
Premium
Sold
Jan 8, 2025 In contract -
In contract
Nov 26, 2024 Listed by One Sotheby's Int'l Realty $535,000
Listed by One Sotheby's Int'l Realty
Jul 27, 2017 Sold
Premium
Sold
Sep 5, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 1,349
  • Lot Size Frontage Feet: 940
  • Total Building Area: 2,646
  • Gross Building Area: 2,646
  • Building Area: 2,140
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,140
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIDDEN OAKS SUBDIVISION
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: HIDDEN OAKS SUBDIVISION BLK B LOT 5 PBI 12-95

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050706

Zoning

  • Zoning: RS-6

Geography

  • Parcel: 33-39-15-00022-0002-00005.0
  • Block: B
  • Lot: 5
  • Meridian: SEC 15 TWN 33S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6032
  • Longitude: -80.4256

    Address

  • Full Address: 116 38th Ct
  • Address - House Number: 116
  • Address - Street Name: 38th
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R030
  • 4-Digit Zip Code: 2451
  • Zip Code: 32968

Valuation

    Tax

  • Total Area: 2,458
  • Tax Year: 2022
  • Tax Amount: $456,945
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1961
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 480,149
  • High Value: 574,339
  • Low Value: 385,959

    Market Valuation

  • Market Total Value: $313,722
  • Market Land Value: $35,995
  • Market Improvement Value: $277,727

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $313,722
  • Assessed Land Value: $35,995
  • Assessed Improvements Value: $277,727

    Sales

  • Current Sale Contract Date: Jul 14, 2017
  • Current Sale Recording Date: Jul 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120170043675
  • Previous Sale Recording Date: Sep 05, 2007
  • Previous Sale Contract Date: Aug 29, 2007
  • Previous Sale Amount: $265,000
  • 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 Vero Beach South

Stats & Trends

Median Asking:

$335,000

Sale Price/ft²

$217

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1670 ft²

Average Home Age

36.2 years

Currently For Sale

156 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 2005 5th Street, Vero Beach, FL, 32962

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,151 ft²
2005 5th Street, Vero Beach, FL, 32962 Listing by Sandra Ballantyne

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Kathleen Provancher, One Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 283255
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 116 38th Court built and last sold?
The property at 116 38th Court was built in 1993 and last sold on Jul 14, 2017 for $240,000.
How much is this home worth?
The estimated value of the home located at 116 38th Court is $537,182.
What are some comparable homes to 116 38th Court?
There are currently no comparable homes to 116 38th Court.
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