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$195,000

Beds
2
Baths
2.0
sq ft
1,214

5500 Ocean Shore Blvd Unit 76, Ormond Beach, FL 32176

5500 Ocean Shore Blvd Unit 76

Ormond Beach, FL 32176

  • 183 days on market
    • Price drop $40,000↓
Two bedroom two bath unit. Close proximity to the beach. New windows, new sliders. Inside private washer and dryer. Maintenance fees include the following: Pool, water, sewer, basic cable, internet, common ground maintenance, building insurance, and trash. Community pool as well. Unit is upgraded throughout. Unit is on combo and sometimes occupied.

Details

Property type

Condominium

Est. home value

$210,502

Lot size

8.39 acres

Price per sq ft

$161

Year built

1973

Annual property taxes

$3,006

Monthly HOA fee

$1,126.65

Price History

11/06/2024
Daytona

Daytona #1124048

Price change
$195,000
-17.02%
05/21/2024
Daytona

Daytona #1124048

Listed
$235,000
+51.61%
04/13/2021
Daytona

Daytona #1076996

Sold
$155,000
+26.63%

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

$50,803
Asking price
$195,000
Closing costs (~8% of asking)
-$15,600
Est. remaining loan balance
-$128,597
Cash to seller
$50,803

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

Seller’s Loan History

Lender

Ameris Bank

Loan start date

April 2021

Original loan amount

$139,500

Est. remaining balance

$128,597

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Kathryn Hurst

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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2700 Ocean Shore Blvd Unit 211, Ormond Beach, FL 32176

Status: Active

Tomo last checked: 11/23/2024 at 5:40 AM

Listing updated: 11/13/2024 at 9:51 AM

Listed by: Rick Rugg, Ted Rugg & Associates LLC

MLS: Daytona #1124048

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