tomo logo

$815,000

Beds
3
Baths
2.0
sq ft
2,236

505 Shedd Ln, Ormond Beach, FL 32174

505 Shedd Ln

ORMOND BEACH, FL 32174

  • 57 days on market
    • Price drop $10,000↓
Escape to this stunning 20-acre, agriculturally zoned property just minutes from I-95 and Ormond Beach!!! This well-maintained spacious home offers a split floor plan with 3 bedrooms, 2 baths under 2,236sqft. As you walk in you are greeted with a large, open living area with a wood burning fireplace. The recently updated kitchen, with new appliances, provides ample space, with an eat in kitchen and wet bar, ideal for family gatherings and casual dining for families and entertaining guests. Retreat to the large primary bedroom with dual walk-in closets and French doors that lead to the large screened in lanai, offering a seamless indoor-outdoor living experience. Enjoy the convenience of a walk in shower and garden tub in the primary bathroom. French doors lead you to an oversized screened in lanai and a fully fenced backyard area allows for extra privacy and allows your pets to roam freely in a safe space. The Garage has both air conditioning and heat, making it perfect for year-round use. Keep it functional by creating a gym, office space or even a workshop. Enjoy refreshing swims and summertime fun in the screened in pool. Home has been updated with new flooring and A/C in 2019. Additional outdoor features include: 2 RV spots with a new washer/dryer shed with potential for generated income, trails for walking, several large fishing ponds, private dirt bike track, gun range, 7 acres fenced, chicken coop, Garden with greenhouse, large shop with oversized car port and an adjoining Apartment that can bring in additional income. This beautiful property offers endless opportunities for anyone who’s looking for privacy, adventure and country living!

Details

Property type

Single Family Residence

Est. home value

$685,073

Lot size

20.0 acres

Price per sq ft

$365

Year built

2008

Annual property taxes

$6,383.86

HOA

No

Price History

03/04/2025
StellarMLS

StellarMLS #O6271737

Price change
$815,000
-1.21%
03/04/2025
StellarMLS

StellarMLS #O6271737

Listed
$825,000
02/22/2025
StellarMLS

StellarMLS #O6271737

Pending
$825,000

Schools & Community

Elementary school: 

Bunnell Elementary

Middle school: 

Buddy Taylor Middle

High school: 

Flagler-Palm Coast High

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

$278,684
Asking price
$815,000
Closing costs (~8% of asking)
-$65,200
Est. remaining loan balance
-$471,116
Cash to seller
$278,684

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

April 2021

Original loan amount

$515,000

Est. remaining balance

$471,116

Interest rate

3.02%

Loan type

VA, 30 year

Seller

Michael Cowherd and Kristin Wilcox

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: 04/02/2025 at 4:25 AM

Listing updated: 03/04/2025 at 2:24 PM

Listed by: Tatiana Velez Santos, WATSON REALTY CORP Phone #: (407) 359-2300

MLS: StellarMLS #O6271737

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Recently listed in ORMOND BEACH