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$159,900

Beds
2
Baths
2.5
sq ft
1,252

5500 Ocean Shore Blvd Unit 86, Ormond Beach, FL 32176

5500 Ocean Shore Blvd Unit 86

Ormond Beach, FL 32176

  • 257 days on market
    • Price drop $10,100↓
Investment opportunity - income producing property! Discover coastal living at its finest in this exquisite 2-bedroom, 2.5-bathroom gem nestled in Ormond-By-The-Sea. A harmonious blend of sophistication and comfort awaits you in this two-story haven. The main floor boasts a seamless flow, featuring a spacious living area, a modern kitchen, a versatile den/dining/office flex space, and a sunroom leading to a private outdoor oasis and community green space. Striking intracoastal views and mesmerizing sunsets paint the western sky, while a short walk to the no-drive beach beckons to the east. (cont) Upstairs, two bedrooms offer retreats of tranquility, with the primary bedroom boasting a private en-suite, floating vanity, and an updated walk-in shower. This property stands out among its peers, offering unrestricted views of...(continuedpalm tree-lined intracoastal sunsets unique to the area. Take advantage of resort-like amenities, including three pools, manicured green spaces, and ample parking. A piece of history lies nearby, with the Ormond Beach Arts District, graced by the presence of the historic Ormond Beach Country Club and once the retirement home of John D. Rockefeller. Conveniently situated, this home provides easy access to Orlando and Jacksonville airports, and Daytona International Airport is a mere 25 minutes away. Immerse yourself in arts, entertainment, and fine dining within the charming downtown arts district. Priced attractively and with all assessments paid by the seller, this property is a rare opportunity to embrace the coastal lifestyle. Schedule your exclusive tour today and make this dream home yours. Coastal elegance awaits with captivating sunsets framing your coastal retreat! The following furnishings are included: TV and TV stand in living room, bookcase, futon, small kitchen table w/2 chairs, 2 computer workstations, all bedrooms furniture, dressers, beds, night stands, unique light fixtures, window coverings, bar, wicker coffee table, wine fridge, some pictures, patio box

Details

Property type

Condominium

Est. home value

$209,559

Lot size

8.39 acres

Price per sq ft

$128

Year built

1973

Annual property taxes

$2,060

Monthly HOA fee

$921.89

Price History

10/16/2024
Daytona

Daytona #1120759

Price change
$159,900
-5.94%
08/23/2024
Daytona

Daytona #1120759

Price change
$170,000
-5.56%
07/18/2024
Daytona

Daytona #1120759

Price change
$180,000
-7.46%

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

$31,018
Asking price
$159,900
Closing costs (~8% of asking)
-$12,792
Est. remaining loan balance
-$116,090
Cash to seller
$31,018

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

Seller’s Loan History

Lender

Churchill Mortgage Corp

Loan start date

July 2020

Original loan amount

$128,000

Est. remaining balance

$116,090

Interest rate

3.15%

Loan type

New Conventional, 30 year

Seller

Jamie Susan Volini and Joel Brett Schottenfeld

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: 11/23/2024 at 6:00 AM

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

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

MLS: Daytona #1120759

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