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Vero Beach 32963
716 Azalea Lane
$865,000
● House - Off Market

716 Azalea Lane

Vero Beach, FL 32963
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,934 Ft²
$5,293
Est. Monthly
1.50%
Cap Rate

About This Property

The perfect blend of modern updates & beachside charm East of A1A! Well maintained w/metal roof, impact glass (excl sunrm), fresh paint, refreshed landscaping! Generous open floorplan offers versatile living spaces to fit your lifestyle. New kitchen w/Quartz counters, subway tile & farmhouse sink! Updated baths w/Quartz counters & stylish porcelain tile-dual vanities in the master bath while the cabana bath makes it easy to rinse off after a day at the beach! Expansive fenced bkyd has plenty of rm for a pool! Walkable Central Beach lifestyle steps from the beach, shops, dining, Riverside Park.
Unit Size
1,934 Ft²
Days on Market
98 days
Land Size
0.30 acres
Price per sqft
$465
Property Type
House
Property Taxes
$878
HOA Dues
-
Year Built
1959

Payment Calculator

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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 #279673)

Price History

Date / Event Date Event Price
Oct 15, 2024 Sold
Premium
Sold
Jul 9, 2024 Listed by Compass Florida LLC $899,000
Listed by Compass Florida LLC
Oct 6, 2021 No longer available -
No longer available
Apr 30, 2021 Sold
Premium
Sold
Mar 5, 2021 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 36
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 995
  • Total Building Area: 1,838
  • Gross Building Area: 1,838
  • Building Area: 1,622
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,622
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VERO BEACH ESTATES
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: VERO BEACH ESTATES PBS 5-8 LOT 1 LESS W 10.00 FT & LOTS 2, 3 & 4 BLK 4

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050504

Zoning

  • Zoning: R-1

Geography

  • Parcel: 32-40-32-00006-0040-00001.0
  • Block: 4
  • Lot: 1-2
  • Meridian: SEC 32 TWN 32S RNG 40E
  • Municipality: CITY OF VERO BEACH
  • Latitude: 27.6521
  • Longitude: -80.3602

    Address

  • Full Address: 716 Azalea Ln
  • Address - House Number: 716
  • Address - Street Name: Azalea
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: C010
  • 4-Digit Zip Code: 1943
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 2,076
  • Tax Year: 2022
  • Tax Amount: $826,525
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 932,317
  • High Value: 1,125,395
  • Low Value: 739,239

    Market Valuation

  • Market Total Value: $520,842
  • Market Land Value: $364,687
  • Market Improvement Value: $156,155

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $520,842
  • Assessed Land Value: $364,687
  • Assessed Improvements Value: $156,155

    Sales

  • Current Sale Contract Date: Apr 19, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210030753
  • Previous Sale Recording Date: May 10, 2018
  • Previous Sale Contract Date: May 10, 2018
  • Previous Sale Amount: $380,000
  • 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

Stats & Trends

Median Asking:

$499,700

Sale Price/ft²

$334

Below Asking

0.04%

Average Days on Market

93

Average Home Size

1932 ft²

Average Home Age

47.7 years

Currently For Sale

209 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 1166 6th Avenue, VERO BEACH, FL, 32960

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,140 ft²
1166 6th Avenue #15C, VERO BEACH, FL, 32960 Listing by Gene Billero
Unit for rent at 1935 Cobia Drive, Vero Beach, FL, 32960

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
1935 Cobia Drive #103E, Vero Beach, FL, 32960 Listing by Bradley Milliken
Unit for rent at 1140 Cheval Drive, Vero Beach, FL, 32960

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,723 ft²
1140 Cheval Drive, Vero Beach, FL, 32960 Listing by Claudia Marie Hart

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Kathleen M Pogany, Compass Florida LLC
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 279673
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 716 Azalea Lane built and last sold?
The property at 716 Azalea Lane was built in 1959 and last sold on Apr 19, 2021 for $536,000.
How much is this home worth?
The estimated value of the home located at 716 Azalea Lane is $0.
What are some comparable homes to 716 Azalea Lane?
There are currently no comparable homes to 716 Azalea Lane.
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