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Indian River 32967
7640 Mesetta Way
$490,000
● House - Off Market

7640 Mesetta Way

Vero Beach, FL 32967
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,826 Ft²
$2,880
Est. Monthly
$74
HOA / Fees
3.18%
Cap Rate

About This Property

PRIDE IN OWNERSHIP EXUDES THROUGHOUT THIS GORGEOUS LIGHT AND BRIGHT 2013 2/2 WITH DEN/OFFICE. SPACIOUS EAST FACING LAKEFRONT LANAI AND POOL FOR AN ENTERTAINING LIFESTYLE. A NEUTRAL PALETTE FOR THE NEW HOMEOWNER TO BRING THEIR INDIVIDUAL TOUCHES. ENJOY THE HIGHLY SOUGHT-AFTER OPEN CONCEPT AND SPLIT BEDROOM PLAN. ACCORDION SHUTTERS FOR PROTECTION, A PEACE OF MIND.  GATED COMMUNITY WITH LOW HOA, A PLUS.
Unit Size
1,826 Ft²
Days on Market
123 days
Land Size
0.31 acres
Price per sqft
$273
Property Type
House
Property Taxes
$355
HOA Dues
$74
Year Built
2013

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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 #284128)

Price History

Date / Event Date Event Price
May 9, 2025 Sold
Premium
Sold
Mar 25, 2025 In contract -
In contract
Mar 1, 2025 Price Decreased $499,000
↓ $26K (5%)
Price Decreased
Jan 6, 2025 Listed by RE/MAX Crown Realty VB $525,000
Listed by RE/MAX Crown Realty VB
Sep 16, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 572
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 71

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,076
  • Total Building Area: 2,398
  • Gross Building Area: 2,398
  • Building Area: 1,826
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,826
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIELDSTONE RANCH SUB PHASE 2
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: FIELDSTONE RANCH SUB PHASE 2 LOT 14 PBI 26-67

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050812

Zoning

  • Zoning: RS-3

Geography

  • Subdivision Phase Number: 2
  • Parcel: 32-39-05-00008-0000-00014.0
  • Lot: 14
  • Meridian: SEC 05 TWN 32S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.732
  • Longitude: -80.4521

    Address

  • Full Address: 7640 Mesetta Way
  • Address - House Number: 7640
  • Address - Street Name: Mesetta
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R042
  • 4-Digit Zip Code: 2959
  • Zip Code: 32967

Valuation

    Tax

  • Total Area: 2,255
  • Tax Year: 2022
  • Tax Amount: $396,789
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2059
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 543,561
  • High Value: 655,520
  • Low Value: 431,603

    Market Valuation

  • Market Total Value: $395,697
  • Market Land Value: $38,250
  • Market Improvement Value: $357,447

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $310,167

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Sep 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120200054697
  • Previous Sale Recording Date: Jun 24, 2013
  • Previous Sale Contract Date: Jun 21, 2013
  • Previous Sale Amount: $236,100
  • Previous Sale Document Type: 20
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:

$389,900

Sale Price/ft²

$230

Below Asking

0.03%

Average Days on Market

86

Average Home Size

1972 ft²

Average Home Age

28.2 years

Currently For Sale

1504 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

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RAIRC

Listed by: Sherri Lynn Sproch, RE/MAX Crown Realty VB
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 284128
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 7640 Mesetta Way built and last sold?
The property at 7640 Mesetta Way was built in 2013 and last sold on Sep 15, 2020 for $342,200.
How much is this home worth?
The estimated value of the home located at 7640 Mesetta Way is $500,793.
What are some comparable homes to 7640 Mesetta Way?
There are currently no comparable homes to 7640 Mesetta Way.
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