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Indian River 32967
9485 85th Place
$664,000
● House - Off Market

9485 85th Place

Vero Beach, FL 32967
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,178 Ft²
$3,233
Est. Monthly
4.31%
Cap Rate

About This Property

Welcome to your dream home! Stunning 4br/2ba CBK home updated w/quality finishes. Located on a private .58 acre corner lot w/opportunity to purchase .29 adjacent lot separately. Lovingly maintained by one owner. 10' ceilings, plantation shutters & crown molding accents. Enjoy a thoughtfully designed custom kitchen (2020), laminate floors (2020), Relax in your 18x36 screened pool & fenced yard with rolling gate. Metal roof (2023), new AC (2020) & hybrid water heater (2019). Private well (2022) & filtration system (2023). Security system included. Don't miss out! Sizes are approx/subj to error.
Unit Size
2,178 Ft²
Days on Market
37 days
Land Size
0.58 acres
Price per sqft
$289
Property Type
House
Property Taxes
$140
HOA Dues
-
Year Built
2004

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 #287969)

Price History

Date / Event Date Event Price
Jun 16, 2025 Sold
Premium
Sold
May 15, 2025 In contract -
In contract
May 10, 2025 Listed by Dale Sorensen Real Estate Inc. $630,000
Listed by Dale Sorensen Real Estate Inc.
Jul 21, 2003 Sold
Premium
Sold

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: 10
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 25,265
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 1,730
  • Total Building Area: 2,661
  • Gross Building Area: 3,045
  • Building Area: 2,178
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,178
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VERO LAKE ESTATES UNIT C
  • Land Acres: 0000000580
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: VERO LAKE ESTATES UNIT C BLK B LOTS 8 & 9 PBI 5-31

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050903

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 31-38-27-00002-0020-00008.0
  • Block: B
  • Lot: 8,9
  • Meridian: SEC 27 TWN 31S RNG 38E
  • Municipality: UNINCORPORATED
  • Latitude: 27.7496
  • Longitude: -80.5212

    Address

  • Full Address: 9485 85th Pl
  • Legal Unit: C
  • Address - House Number: 9485
  • Address - Street Name: 85th
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R069
  • 4-Digit Zip Code: 3506
  • Zip Code: 32967

Valuation

    Tax

  • Total Area: 2,593
  • Tax Year: 2022
  • Tax Amount: $153,692
  • Tax Rate Code Area: 3C

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 485,180
  • High Value: 576,552
  • Low Value: 393,807

    Market Valuation

  • Market Total Value: $360,112
  • Market Land Value: $49,409
  • Market Improvement Value: $310,703

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $134,360

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 15, 2003
  • Current Sale Recording Date: Jul 21, 2003
  • Current Sale Price:
    Premium
  • Current 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:

$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

1676 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 8075 104th Avenue, Vero Beach, FL, 32967

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,610 ft²
8075 104th Avenue, Vero Beach, FL, 32967 Listing by Erica V Ogilvie

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Rita A Curry, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 287969
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 9485 85th Place built and last sold?
The property at 9485 85th Place was built in 2004 and last sold on Jun 15, 2003 for $12,000.
How much is this home worth?
The estimated value of the home located at 9485 85th Place is $629,967.
What are some comparable homes to 9485 85th Place?
There are currently no comparable homes to 9485 85th Place.
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