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Vero Beach South 32968
186 45th Avenue
$230,000
● House - Off Market

186 45th Avenue

Vero Beach, FL 32968
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,175 Ft²
$1,220
Est. Monthly
10.29%
Cap Rate

About This Property

BACK ON MARKET DUE TO BUYER FINANCE THAT FELL THROUGH - GET IT BEFORE IT GOES! The possibilities are endless in this AFFORDABLE, 2/2 home. This vintage home offers 1175 square feet of living space and sits on a .11 acre lot. Perfect home for a 1st time buyer or great as an investment property. 2019 roof, 2013 A/C, 2015 HWH, fully fenced in yard, open kitchen & on a quiet street. A little TLC and this home can be transformed.
Unit Size
1,175 Ft²
Days on Market
165 days
Land Size
0.11 acres
Price per sqft
$204
Property Type
House
Property Taxes
$41
HOA Dues
-
Year Built
1984

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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: 3 years ago (Indian River #278232)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
May 13, 2024 Listed by One Sotheby's Int'l Realty $240,000
Listed by One Sotheby's Int'l Realty
Nov 20, 2002 Sold
Premium
Sold
Mar 7, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,175
  • Gross Building Area: 1,175
  • Building Area: 1,175
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,175
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEVENS PARK UNIT NO 2
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: STEVENS PARK UNIT NO 2 BLK D LOT 4 PBI 4-54

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-39-16-00003-0004-00004.0
  • Block: D
  • Lot: 4
  • Meridian: SEC 16 TWN 33S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6052
  • Longitude: -80.4335

    Address

  • Full Address: 186 45th Ave
  • Legal Unit: NO
  • Address - House Number: 186
  • Address - Street Name: 45th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R030
  • 4-Digit Zip Code: 2351
  • Zip Code: 32968

Valuation

    Tax

  • Total Area: 1,183
  • Tax Year: 2022
  • Tax Amount: $47,388
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 69
  • Final Value: 235,063
  • High Value: 287,639
  • Low Value: 182,486

    Market Valuation

  • Market Total Value: $124,727
  • Market Land Value: $16,437
  • Market Improvement Value: $108,290

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,736

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2002
  • Current Sale Recording Date: Nov 20, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 07, 1996
  • Previous Sale Contract Date: Feb 13, 1996
  • Previous Sale Amount: $42,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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:

$339,000

Sale Price/ft²

$217

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1676 ft²

Average Home Age

35.5 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 1195 41st Avenue, Vero Beach, FL, 32960

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,320 ft²
1195 41st Avenue, Vero Beach, FL, 32960 Listing by Perla Moreno Penaloza
Unit for rent at 434 N Tangerine Square Sw, Vero Beach, FL, 32968

$2,050 /mo

  • 3 Beds
  • 2 Baths
  • 1,645 ft²
434 N Tangerine Square Sw, Vero Beach, FL, 32968 Listing by Marie A Lesme

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Kathleen B Powell, One Sotheby's Int'l Realty
Last Updated: 3 years ago
Data Source: RAIRC, MLS# 278232
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 186 45th Avenue built and last sold?
The property at 186 45th Avenue was built in 1984 and last sold on Nov 1, 2002 for $69,900.
How much is this home worth?
The estimated value of the home located at 186 45th Avenue is $0.
What are some comparable homes to 186 45th Avenue?
There are currently no comparable homes to 186 45th Avenue.
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