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5885 Palmetto Preserve Road

5885 Palmetto Preserve Road, Vero Beach, FL 32967
Property in Vero Beach
Sold Jul 20, 2021
$543,700
$434,886 by Truist Bank
Mortgage Due Jul 01, 2051
Sold Jul 30, 2020
$151,525
5885 Palmetto Preserve Road has been categorized by the local assessors in Vero Beach, FL as a residential type of property. The building on the property was first built in 2021 and is 3 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5885 Palmetto Preserve Road has 3,305 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,749 ft and across the front of the lot is 864 ft. The area measurement of the land has been determined as 14,375 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 484 sqft. Residents will have the luxury of enjoying a unknown. The building has a hip style roof made of tile. The exterior walls of the building are made of concrete block. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5885 Palmetto Preserve Road sold most recently in Jun 14, 2021 for a total of $543,700. If you work out the math, that's approximately a cost of $143.49 per sqft. Before that, the property was also sold for $151,525 in Jul 21, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,668 in taxes each year. 5885 Palmetto Preserve Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $645,252. If we break it down further, the land itself was valued at $68,000. Improvements to the property, however, were assessed at a total of $577,252. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Lot Size Depth Feet: 1,749
  • Lot Size Frontage Feet: 864
  • Total Building Area: 3,789
  • Gross Building Area: 3,789
  • Building Area: 3,305
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,305
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BENT PINE PRESERVE PHASE 1
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BENT PINE PRESERVE PHASE 1 LOT 17 PBI 30-67

Ownership

  • Current Owner : PIMENTEL JUAN SEBASTIAN
  • Current Owner 2: PIMENTEL ILDA B
  • Previous Owner : GRBK GHO BENT PINE LLC
  • Owner Before Previous Owner: DIVENTURES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: RM-4

Geography

  • Subdivision Phase Number: 1
  • Parcel: 32-39-16-00012-0000-00017.0
  • Lot: 17
  • Meridian: SEC 16 TWN 32S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.7009
  • Longitude: -80.4454

    Address

  • Full Address: 5885 Palmetto Preserve Rd
  • Address - House Number: 5885
  • Address - Street Name: Palmetto Preserve
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R006
  • 4-Digit Zip Code: 1864
  • Zip Code: 32967

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,668
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 856,937
  • High Value: 1,018,321
  • Low Value: 695,553

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $434,886
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Jul 20, 2021
  • First Open Lien Mortgage Loan Amount: $434,886
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $645,252
  • Market Land Value: $68,000
  • Market Improvement Value: $577,252

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $645,252
  • Assessed Land Value: $68,000
  • Assessed Improvements Value: $577,252

    Sales

  • Current Sale Contract Date: Jun 14, 2021
  • Current Sale Recording Date: Jul 20, 2021
  • Current Sale Transaction ID: 11844699054
  • Current Sale Price: $543,700
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 3120210052006
  • Previous Sale Recording Date: Jul 30, 2020
  • Previous Sale Contract Date: Jul 21, 2020
  • Previous Sale Amount: $151,525
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Jul 20, 2021
  • First Mortgage Loan Amount: $434,886
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

About Winter Beach



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Frequently Asked Questions

What neighborhood is 5885 Palmetto Preserve Road located in?
The 5885 Palmetto Preserve Road is a located in the neighborhood of Vero Beach in Winter Beach, Vero Beach.
What is the average sales price for listings in 5885 Palmetto Preserve Road?
The average sales price for units in 5885 Palmetto Preserve Road is $0 currently.

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