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Indian River 32968
6245 7th Street
$285,000
● House - Off Market

6245 7th Street

Vero Beach, FL 32968
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,400 Ft²
$1,816
Est. Monthly
9.04%
Cap Rate

About This Property

The possibilities are endless in this 4/3 ranch style home. This property, once a "group home" has all the necessary equipment to be just that, including a top grade industrial fire alarm & sprinkler system($20,000 value). Many updates includ: new roof 12/24, all new SS kitchen appliances & cabinets, W/D, new wood look tile & newer a/c & hwh. The main home w/split bedrooms is a 3/2 w/a huge screened in back porch, perfect for entertaining & sitting on an oversized fenced in lot. Detached in law suite has its own entrance, would be great for a rental, additional family member or office.
Unit Size
1,400 Ft²
Days on Market
56 days
Land Size
0.34 acres
Price per sqft
$214
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1977

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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 #285655)

Price History

Date / Event Date Event Price
Apr 15, 2025 Sold
Premium
Sold
Feb 28, 2025 In contract -
In contract
Feb 18, 2025 Listed by One Sotheby's Int'l Realty $299,000
Listed by One Sotheby's Int'l Realty
Mar 22, 2024 Sold
Premium
Sold
Feb 17, 2022 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • 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
  • Parking Type: 6
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 4
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,400
  • Gross Building Area: 1,778
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE TREE PARK UNIT NO 1
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: PINE TREE PARK UNIT NO 1 BLK F LOTS 6 & 7 PBI 3-38

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050704

Zoning

  • Zoning: RS-6

Geography

  • Parcel: 33-39-17-00002-0006-00006.0
  • Block: F
  • Lot: 6,7
  • Meridian: SEC 17 TWN 33S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6148
  • Longitude: -80.4558

    Address

  • Full Address: 6245 7th St
  • Legal Unit: NO
  • Address - House Number: 6245
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R007
  • 4-Digit Zip Code: 9705
  • Zip Code: 32968

Valuation

    Tax

  • Total Area: 1,660
  • Tax Year: 2023
  • Tax Amount: $401,377
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2152
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 336,335
  • High Value: 408,733
  • Low Value: 263,937

    Market Valuation

  • Market Total Value: $275,850
  • Market Land Value: $66,300
  • Market Improvement Value: $209,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $275,850
  • Assessed Land Value: $66,300
  • Assessed Improvements Value: $209,550

    Sales

  • Current Sale Contract Date: Mar 22, 2024
  • Current Sale Recording Date: Mar 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 13550
  • Previous Sale Recording Date: Feb 17, 2022
  • Previous Sale Contract Date: Feb 17, 2022
  • Previous Sale Amount: $231,600
  • 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 Indian River

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$229

Below Asking

0.03%

Average Days on Market

86

Average Home Size

1967 ft²

Average Home Age

28.3 years

Currently For Sale

1525 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 7865 15th Lane, Vero Beach, FL, 32966

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,622 ft²
7865 15th Lane, Vero Beach, FL, 32966 Listing by Jared Michael Haugland

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: 2 years ago
Data Source: RAIRC, MLS# 285655
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 6245 7th Street built and last sold?
The property at 6245 7th Street was built in 1977 and last sold on Mar 22, 2024 for $285,100.
How much is this home worth?
The estimated value of the home located at 6245 7th Street is $0.
What are some comparable homes to 6245 7th Street?
There are currently no comparable homes to 6245 7th Street.
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