tomo logo

$538,000

Beds
6
Baths
3.0
sq ft
2,261

1116 Madrid Ave, Daytona Beach, FL 32114

1116 Madrid Ave

DAYTONA BEACH, FL 32114

  • 44 days on market
    • Price drop $10,000↓
One or more photo(s) has been virtually staged. Welcome! This is your next great opportunity. Motivated seller, receiving offers. Ideal for large families or if you are looking for an investment property. This property is designed with two "mother-in-law apartment" annexes to better accommodate your family or help with additional income, offering you a unique opportunity in an unbeatable location, with its own swimming pool. The main house has 4 bedrooms, One of them can be used as an office or bonus room, and 1 bathroom, New appliances, new wood vertical blinds, New A/C. Providing a large and comfortable space for a family or group of tenants. In addition, each apartment has 1 bedroom, 1 bathroom and a kitchenette. Each apartment has its own Mini Split Air Conditioner system. Located just 10 minutes from three mayors universities in Daytona Beach (Daytona State College, Bethune-Cookman University, Embry-Riddle Aeronautical University). The property is located 7 minutes drive from the most famous beach in the world. If you are a motorsports enthusiast, the iconic Daytona International Speedway is 5 minutes away, offering world-class events throughout the year. The convenience does not end there: you will be close to a wide variety of restaurants and shopping centers, providing everything you need just steps from your door.

Details

Property type

Single Family Residence

Est. home value

$262,820

Lot size

0.31 acres

Price per sq ft

$238

Year built

1954

Annual property taxes

$1,117

HOA

No

Price History

09/13/2024
StellarMLS

StellarMLS #S5109829

Price change
$538,000
-1.82%
08/06/2024
StellarMLS

StellarMLS #S5109829

Listed
$548,000
+174%
01/05/2024
StellarMLS

StellarMLS #V4932680

Sold
$200,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Household Finance Corporation Iii

Loan start date

August 2006

Original loan amount

$12,750

Est. remaining balance

Not provided

Interest rate

6.79%

Loan type

Credit Line (Revolving)

Seller

Janet Lindley and Joseph Radcliffe

Lender

The Lending Group Inc

Loan start date

August 2004

Original loan amount

$104,000

Est. remaining balance

Not provided

Interest rate

6.44%

Loan type

Stand Alone Refi (Refinance of Original Loan), 30 year

Seller

Janet Lindley and Kathleen Radcliffe

Lender

Provident Bk

Loan start date

January 2001

Original loan amount

$73,600

Est. remaining balance

Not provided

Interest rate

7.73%

Loan type

New Conventional

Seller

Janet Lindley

Lender

Option 1 Mtg Corp

Loan start date

September 1997

Original loan amount

$54,000

Est. remaining balance

Not provided

Interest rate

7.47%

Loan type

Not Provided

Seller

Janet A Lindley

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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Status: Active

Tomo last checked: 09/19/2024 at 1:05 PM

Listing updated: 09/13/2024 at 11:08 AM

Listed by: Carlos Suarez, NAIM REAL ESTATE LLC Phone #: (818) 268-9917

MLS: StellarMLS #S5109829

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