tomo logo

$2,500,000

Beds
4
Baths
2.5
sq ft
3,804

5505 12th St, Vero Beach, FL 32966

5505 12th St

Vero Beach, FL 32966

  • 156 days on market
    • Price drop $2,700,000↓
Prime Investment Opportunity! Zoned A1 Now/Future use for RM3, Former Aquaculture Farm 2 Parcels totaling 19.86 acres directly off 58th Avenue & 12th street, 1 minute drive to Home Depot/Walmart/Target Owner/User Farm Development with existing 4K sqft residence and 7K sqft of warehouse. (Sizes are Approx)

Details

Property type

Single Family Residence

Est. home value

$1,431,231

Property condition

New Construction

Lot size

19.68 acres

Price per sq ft

$658

Year built

2003

Annual property taxes

$7,460

Price History

06/17/2024
IndianRiver

IndianRiver #279129

Price change
$2,500,000
-51.92%
06/16/2024
IndianRiver

IndianRiver #279129

Listed
$5,200,000
+235.48%
09/05/2022
IndianRiver

IndianRiver #253949

Sold
$1,550,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Donovan Dennis Schumann

Loan start date

August 2022

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

5.78%

Loan type

Balloon

Seller

Abg24 Llc

Lender

Estate Of Donovan Dennis Schumann

Loan start date

August 2022

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

5.78%

Loan type

Balloon

Seller

Abg24 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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6380 12th St, Vero Beach, FL 32966

Status: Active

Tomo last checked: 11/19/2024 at 12:45 PM

Listing updated: 06/17/2024 at 5:46 PM

Listed by: Scott Parker, Florida Statewide Realty, LLC Phone #: (772) 766-3333

MLS: IndianRiver #279129

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