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Indian River Shores 32963
405 Sable Oak Lane
$340,000
● House - Off Market

405 Sable Oak Lane

Vero Beach, FL 32963
bedrooms
4 Beds
bathrooms
3 Baths
$776,335
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

This private home sits on 1/2 acre with majestic oaks and tropical palms. Offers split plan, formal living room with wood burning fireplace, formal dining room & eat-in kitchen. Enjoy a bonus room with wet bar located off living room. Also offers a large laundry room with sink & cabinets. Owner financing with $250K down. Located in Bermuda Bay with beach access, tennis, pool & clubhouse.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$440
HOA Dues
$1,150
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 (Space Coast MLS #654716)

Price History

Date / Event Date Event Price
Aug 27, 2013 Sold
Premium
Sold
Nov 13, 2012 Listed by Treasure Coast Sotheby's Int'l $399,000
Listed by Treasure Coast Sotheby's Int'l

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 22,216
  • Lot Size Depth Feet: 1,489
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 3,387
  • Gross Building Area: 3,387
  • Building Area: 2,835
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,835
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SABLE OAKS SUB
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SABLE OAKS SUB LOT 18 PBI 11-54

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050507

Zoning

  • Zoning: R-1A

Geography

  • Parcel: 32-40-18-00034-0000-00018.0
  • Lot: 18
  • Meridian: SEC 18 TWN 32S RNG 40E
  • Municipality: TOWN OF INDIAN RIVER SHORES
  • Latitude: 27.6951
  • Longitude: -80.375

    Address

  • Full Address: 405 Sable Oak Dr
  • Address - House Number: 405
  • Address - Street Name: Sable Oak
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 3807
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 3,114
  • Tax Year: 2022
  • Tax Amount: $622,746
  • Tax Rate Code Area: 6

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 1,719,348
  • High Value: 2,075,416
  • Low Value: 1,363,280

    Market Valuation

  • Market Total Value: $1,094,745
  • Market Land Value: $403,750
  • Market Improvement Value: $690,995

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $550,123

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 22, 2013
  • Current Sale Recording Date: Aug 27, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120130055704
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 Indian River Shores

Stats & Trends

Median Asking:

$1,395,000

Sale Price/ft²

$484

Below Asking

0.04%

Average Days on Market

106

Average Home Size

2841 ft²

Average Home Age

33.8 years

Currently For Sale

82 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

Rentals Near You

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SpaceCoast

Listed by: Michael G Thorpe, Treasure Coast Sotheby's Int'l
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 654716
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 405 Sable Oak Drive built and last sold?
The property at 405 Sable Oak Drive was built in 1984 and last sold on Aug 22, 2013 for $340,000.
How much is this home worth?
The estimated value of the home located at 405 Sable Oak Drive is $402,990.
What are some comparable homes to 405 Sable Oak Drive?
There are currently no comparable homes to 405 Sable Oak Drive.
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