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$339,000

Beds
2
Baths
1.0
sq ft
700

40 Palmetto Dr, Ormond Beach, FL 32176

40 Palmetto Dr

Ormond Beach, FL 32176

  • 154 days on market
    • Price drop $10,000↓
Nestled just a stone's throw away from the glistening shores of the Atlantic, this charming two-bedroom, one-bathroom house embodies the essence of coastal living at an incredible value, priced at less than $350K. Its quaint exterior welcomes you with a cozy ambiance, while inside, you'll find a delightful blend of modern comforts and classic charm. The open layout seamlessly connects the living, dining, and kitchen areas, perfect for entertaining guests or simply enjoying laid-back evenings by the ocean. The two well-appointed bedrooms offer serene retreats, each promising restful nights after days spent exploring the nearby beach and coastal trails. With its desirable location and irresistible price point, this seaside cottage presents an unparalleled opportunity to embrace a relaxed coastal lifestyle without breaking the bank.

Details

Property type

Single Family Residence

Est. home value

$280,241

Lot size

7,006 sq ft

Price per sq ft

$485

Year built

1954

Annual property taxes

$2,351

Price History

09/10/2024
CitrusCounty

CitrusCounty #832895

Price change
$339,000
-2.87%
04/18/2024
CitrusCounty

CitrusCounty #832895

Listed
$349,000
+115.43%
06/28/2019
Daytona

Daytona #1056116

Sold
$162,000
+27.56%

Schools & Community

Neighborhood: 

Ormond-by-the-Sea

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$237,879
Asking price
$339,000
Closing costs (~8% of asking)
-$27,120
Est. remaining loan balance
-$74,001
Cash to seller
$237,879

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

June 2019

Original loan amount

$82,000

Est. remaining balance

$74,001

Interest rate

4.1%

Loan type

New Conventional, 30 year

Seller

Scott Schoeckert and Kim Schoeckert

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 12:35 PM

Listing updated: 09/10/2024 at 4:14 PM

Listed by: Laura Quintin, RE/MAX Realty One Phone #: (352) 527-7842

MLS: CitrusCounty #832895

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