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Indian River 32967
4565 61st Terrace
$465,000
● House - Off Market

4565 61st Terrace

Vero Beach, FL 32967
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,620 Ft²
$3,161
Est. Monthly
$200
HOA / Fees
3.80%
Cap Rate

About This Property

This beautiful 4-bedroom, 3 bath home with private saltwater pool is waiting to be filled with your memories. Second story impact windows, fenced in private back yard, shed, firepit and large outdoor patio area with plenty of room to entertain. Beautiful floors, granite countertop kitchen, newer AC, and so much more.
Unit Size
2,620 Ft²
Days on Market
263 days
Land Size
-
Price per sqft
$195
Property Type
House
Property Taxes
$457
HOA Dues
$200
Year Built
2004

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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: 9 months ago (Indian River #287983)

Price History

Date / Event Date Event Price
Feb 3, 2026 Sold
Premium
Sold
Dec 30, 2025 In contract -
In contract
Dec 6, 2025 Price Decreased $510,000
↓ $30K (5.6%)
Price Decreased
Jul 15, 2025 Price Decreased $540,000
↓ $5K (0.9%)
Price Decreased
Jun 4, 2025 Price Decreased $544,900
↓ $5K (0.9%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 450
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,070
  • Gross Building Area: 3,070
  • Building Area: 2,620
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,620
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD ESTATES SUB
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: EMERALD ESTATES SUB LOT 5 PBI 17-5

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050811

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 32-39-20-00004-0000-00005.0
  • Lot: 5
  • Meridian: SEC 20 TWN 32S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6762
  • Longitude: -80.4532

    Address

  • Full Address: 4565 61st Ter
  • Address - House Number: 4565
  • Address - Street Name: 61st
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R036
  • 4-Digit Zip Code: 6169
  • Zip Code: 32967

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $497,556
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2014
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 571,669
  • High Value: 686,828
  • Low Value: 456,511

    Market Valuation

  • Market Total Value: $342,674
  • Market Land Value: $25,500
  • Market Improvement Value: $317,174

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $342,674
  • Assessed Land Value: $25,500
  • Assessed Improvements Value: $317,174

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210064400
  • Previous Sale Recording Date: Feb 12, 2018
  • Previous Sale Contract Date: Feb 09, 2018
  • Previous Sale Amount: $204,000
  • Previous Sale Document Type: 68
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

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$230

Below Asking

0.03%

Average Days on Market

85

Average Home Size

1958 ft²

Average Home Age

28.7 years

Currently For Sale

1675 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 4819 51st Court, Vero Beach, FL, 32967

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,701 ft²
4819 51st Court, Vero Beach, FL, 32967 Listing by Rhonda L Beasley

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Jaime L Labbe, Tozzolo & Associates RE LLC
Last Updated: 9 months ago
Data Source: RAIRC, MLS# 287983
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 4565 61st Terrace built and last sold?
The property at 4565 61st Terrace was built in 2004 and last sold on Aug 25, 2021 for $440,000.
How much is this home worth?
The estimated value of the home located at 4565 61st Terrace is $519,990.
What are some comparable homes to 4565 61st Terrace?
There are currently no comparable homes to 4565 61st Terrace.
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