tomo logo

$569,942

Beds
5
Baths
3.0
sq ft
1,959

507 Jessamine Blvd, Daytona Beach, FL 32118

507 Jessamine Blvd

DAYTONA BEACH, FL 32118

  • 36 days on market
**Historic Coastal Gem with Dual Residences in Daytona Beach** Step into the charm of yesteryear with this exceptional historic property, located just 700 feet from the sparkling Atlantic Ocean in beautiful Daytona Beach! Offering two homes on an oversized lot, this unique property is perfect for those seeking a blend of character, versatility, and an unbeatable location. The main home is a 3-bedroom, 2-bathroom treasure, showcasing timeless craftsmanship and stunning architectural details. From the moment you walk through the door, you’ll be captivated by the warm, inviting ambiance created by beautiful exposed beams, vintage accents, solid wood flooring and an abundance of natural light. The wood burning fireplace infuses the living room with warmth and charm, creating a cozy retreat for relaxation. The thoughtfully designed layout ensures both comfort and functionality, with spacious living areas ideal for entertaining or unwinding after a day at the beach. The guest home, a 2-bedroom, 1-bathroom residence, is equally charming and brimming with possibilities. This home features travertine flooring throughout, a walk-in shower and a kitchenette. Use it as a guest house, an income-producing rental, or a private retreat for extended family. Both the main home and the guest home have a current rental license from the city. The oversized yard is an entertainer’s dream, with ample space for outdoor gatherings, gardening, or simply relaxing under the shade of mature trees. In the fully fenced backyard, you can find fruit bearing banana trees, grapes, peaches and figs!! A cellar can be found on the back of the home- offering a naturally insulated underground storage space. The inviting outdoor area provides the perfect backdrop for enjoying the coastal breeze and creating memories with loved ones. Parking will never be an issue, thanks to plenty of space for vehicles, making hosting guests a breeze. The home has been meticulously maintained and offers many updates which include: a BRAND NEW ROOF (installed 2023) updated electrical and plumbing (completed in 2015). This property is a rare find, offering not just a home, but a lifestyle steeped in history, charm, and the allure of coastal living. Whether you’re looking for a primary residence, a vacation home, or an investment opportunity, this dual-home property is truly one-of-a-kind. Don’t miss your chance to own this historic gem just steps from the ocean—schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$442,908

Lot size

0.28 acres

Price per sq ft

$291

Year built

1924

HOA

No

Price History

11/16/2024
StellarMLS

StellarMLS #O6257750

Listed
$569,942
+128.43%
02/27/2015
StellarMLS

StellarMLS #O5340090

Sold
$249,500

Schools & Community

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

$305,555
Asking price
$569,942
Closing costs (~8% of asking)
-$45,595
Est. remaining loan balance
-$218,792
Cash to seller
$305,555

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

Seller’s Loan History

Lender

Sun West Mortgage Company Inc

Loan start date

October 2016

Original loan amount

$266,784

Est. remaining balance

$218,792

Interest rate

3.43%

Loan type

VA, 30 year

Seller

James D King and Joann Debaron King

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?

Status: Active

Tomo last checked: 12/22/2024 at 5:40 AM

Listing updated: 11/18/2024 at 9:42 AM

Listed by: Ashley Fulford, MARK SPAIN REAL ESTATE Phone #: (855) 299-7653

MLS: StellarMLS #O6257750

StellarMLS logo