$175,000
SOLD JUL 7, 2016

109 Ocean Way N Palm Coast, FL 32137

0.12 Acre
$1,458,333 Price per Acre
5,425 Sq Ft Lot

Recently Sold

41% Below List Price

200 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • Clubhouse
  • Old Kings Elementary School Rated A-
  • Gated Community
  • Recreation Facilities

About This Lot

As of May 2022

Property is located in the private gated community of Cinnamon Beach along the Atlantic Ocean in Palm Coast. Within walking distance to 2 amenity center, incliudes 2 pools, fitness area, and kids fun zones. Located less than 600 ft to the beach.

Last Agent to Sell the Property

CHARLES SHAFFER III (DR)

PALM COAST REAL ESTATE COMPANY License #3269757 Listed on: 12/10/2015

Last Buyer's Agent

EDMUND GIANCOLA

CINNAMON BEACH REALTY License #3224676

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,849

Year Built

  • 2017

Lot Details

  • 5,425 Sq Ft Lot
  • Lake Front
  • Property fronts gulf or ocean
  • North Facing Home
  • Property is zoned PUD PUD

Property Views

  • Water Views

Utilities

  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-11-31-3512-00010-0560

Community Details

Overview

  • Property has a Home Owners Association
  • Cinnamon Beach HOA, Phone Number (386) 445-0085
  • Ocean Hammock Condos
  • Ocean Hammock Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Recreation Facilities
  • Fitness Center

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,849

Year Built

2017

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Sq Ft: 5425
  • Directions to Property: Hammock Dunes Parkway right to Ocean Hammock gate. Go on Hotel Trace, take left on Ocean Way N. Go thru gate continue on Ocean Way N lot on left.
  • Status: Sold
  • Street Post Direction: N
  • Ratio: Close Price\List Price: 0.59727
  • Price per Sq Ft: 32.26
  • Close to Original List Price Ratio: 0.58528
  • View: No
  • Tax Year: 2015
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2017

Interior Features

  • Street Number Modifier: 109

Exterior Features

  • Direction Faces: North
  • Road Surface Type: Paved
  • Water View Y N: Yes

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Cable Available, Sewer Available, Underground Utilities, Water Available
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Amenities: Clubhouse, Fitness Center, Gated, Recreation Facilities
  • Association Fee: 905
  • Association Name: Cinnamon Beach HOA
  • Phone: 386-445-0085
  • Association: Yes
  • Senior Community: No
  • Complex Community Name NCCB: OCEAN HAMMOCK

Lot Info

  • Zoning: PUD PUD
  • Parcel Number: 04-11-31-3512-00010-0560
  • Current Use: Other
  • Lot Features: Filled, Other
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1849

Multi Family

  • Waterfront Features: Gulf/Ocean, Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
May 5, 2022
Sold by
Keane and Kathleen
Bought by
Falcone Andrew and Keane Kathleen
Seller's Agent
Shelley DeVito
HAMMOCK REAL ESTATE GROUP
Buyer's Agent
Luke O'Reilly
HAMMOCK REAL ESTATE GROUP
List Price
$1,699,000
Sold Price
$1,450,000
Premium/Discount to List
-$249,000
-14.66%
Total Days on Market
200
Current Estimated Value
$1,361,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$88,827
Avg. Annual Appreciation
-2.04%
Original Mortgage
$700,000
Outstanding Balance
$669,807
Interest Rate
5.27%
Mortgage Type
Balloon
Estimated Equity
$691,366

Purchase Details

Closed on
Jul 31, 2019
Sold by
Bubble House 109 Llc
Bought by
Keane Vincent and Keane Kathleen

Purchase Details

Listed on
Dec 10, 2015
Closed on
Jul 11, 2016
Sold by
Marlen Management Inc
Bought by
Bubble Hiouse 109 Llc
Seller's Agent
CHARLES SHAFFER III (DR)
PALM COAST REAL ESTATE COMPANY
Buyer's Agent
EDMUND GIANCOLA
CINNAMON BEACH REALTY
List Price
$299,000
Sold Price
$175,000
Premium/Discount to List
-$124,000
-41.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.82%

Purchase Details

Listed on
Dec 10, 2015
Closed on
Jul 6, 2016
Sold by
Ness Mark S and Ness Nancy A
Bought by
Marlen Mgmt Llc
Seller's Agent
CHARLES SHAFFER III (DR)
PALM COAST REAL ESTATE COMPANY
Buyer's Agent
EDMUND GIANCOLA
CINNAMON BEACH REALTY
List Price
$299,000
Sold Price
$175,000
Premium/Discount to List
-$124,000
-41.47%

Purchase Details

Closed on
Dec 12, 2002
Sold by
Centex Land Inv Ii L L C
Bought by
Ness Mark S and Ness Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
5.99%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Title Chain
Warranty Deed $725,000 Cost Title Ins Agcy Inc
Warranty Deed $725,000 Coast Title Ins Agency Inc
Warranty Deed -- None Available
Warranty Deed $175,000 Covenant Closing & Title Ser
Deed $256,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 Balloon
Previous Owner $500,000 New Conventional
Previous Owner $521,500 New Conventional
Previous Owner $231,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Off Market $1,450,000 -- --
05/16/2022 05/16/22 Sold $1,450,000 -14.7% $469 / Sq Ft
03/27/2022 03/27/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $1,699,000 +870.9% $550 / Sq Ft
07/07/2016 07/07/16 Sold $175,000 -41.5% --
06/27/2016 06/27/16 Pending -- -- --
12/10/2015 12/10/15 For Sale $299,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,209 $1,175,482 $342,000 $833,482
2023 $16,209 $1,098,074 $330,000 $768,074
2022 $10,881 $780,444 $260,000 $520,444
2021 $9,758 $636,769 $215,000 $421,769
2020 $9,410 $604,109 $226,000 $378,109
2019 $9,413 $595,596 $180,000 $415,596
2018 $9,222 $569,396 $175,000 $394,396
2017 $2,824 $175,000 $175,000 $0
2016 $2,148 $95,832 $0 $0
2015 $1,926 $87,120 $0 $0
2014 $1,901 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shelley DeVito

    Seller's Agent in 2022

    Shelley DeVito

    HAMMOCK REAL ESTATE GROUP

    (904) 826-9462

    116 Total Sales

    Shelley DeVito
    Section Image
  • Luke O'Reilly

    Buyer's Agent in 2022

    Luke O'Reilly

    HAMMOCK REAL ESTATE GROUP

    (386) 246-9934

    284 Total Sales

    Luke O'Reilly
    Section Image

  • C

    Seller's Agent in 2016

    CHARLES SHAFFER III (DR)

    PALM COAST REAL ESTATE COMPANY

    (386) 931-4376

    48 Total Sales

    CHARLES SHAFFER III (DR)
    Section Image
  • EDMUND GIANCOLA

    Buyer's Agent in 2016

    EDMUND GIANCOLA

    CINNAMON BEACH REALTY

    (386) 627-3202

    17 Total Sales

    EDMUND GIANCOLA
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: FC217556

Stellar MLS

APN: 04-11-31-3512-00010-0560

Florida Flagler County Palm Coast 32137

109 Ocean Way N, Palm Coast, FL

This home is located at 109 Ocean Way N, Palm Coast, FL 32137 and is currently priced at $175,000. This property was built in 2017. 109 Ocean Way N is a home located in Flagler County with nearby schools including Old Kings Elementary School, Indian Trails Middle School, and Matanzas High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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