tomo logo

$180,000

Beds
2
Baths
2.0
sq ft
1,214

5500 Ocean Shore Blvd Unit 33, Ormond Beach, FL 32176

5500 Ocean Shore Blvd Unit 33

Ormond Beach, FL 32176

  • 237 days on market
    • Price drop $20,000↓
Income Producing Investment Opportunity! Currently leased until 6/30/25 for $2k/mo. This updated 2-bed, 2-bath condo at Kingston Shores in Ormond Beach ticks all the boxes: fully furnished, prime location, move-in condition, and immediate income potential. Enjoy comfortable living areas, perfect for entertaining or unwinding. Two full bathrooms to accommodate guests and laundry in unit. Investment Savvy: All assessments and repairs for this unit are completed. All windows and sliders have been replaced. Concrete restoration completed inside unit. Strong rental market from seasonal beach seekers or year-round residents. Steps from the no drive section of the beach. You will feel like it's your own private beach! Cash offers only.

Details

Property type

Condominium

Est. home value

$224,503

Lot size

8.39 acres

Price per sq ft

$149

Year built

1973

Annual property taxes

$2,924

Monthly HOA fee

$921.89

Price History

05/23/2024
Daytona

Daytona #1118690

Price change
$180,000
-10%
03/19/2024
Daytona

Daytona #1118690

Price change
$200,000
-11.11%
01/26/2024
Daytona

Daytona #1118690

Listed
$225,000
+55.17%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$57,374
Asking price
$180,000
Closing costs (~8% of asking)
-$14,400
Est. remaining loan balance
-$108,226
Cash to seller
$57,374

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

Seller’s Loan History

Lender

Homebridge Financial Services Inc

Loan start date

January 2019

Original loan amount

$120,000

Est. remaining balance

$108,226

Interest rate

4.63%

Loan type

New Conventional, 30 year

Seller

John Surreira Jr and Shannon C Surreira

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: 09/19/2024 at 12:45 PM

Listing updated: 07/31/2024 at 7:34 AM

Listed by: Amy Goodson, Adams, Cameron & Co., Realtors

MLS: Daytona #1118690

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