NOT LISTED FOR SALE

111 Rio Way Ormond Beach, FL 32174

Riviera Neighborhood

Estimated Value: $229,000

2 Beds
2 Baths
1,229 Sq Ft
$186/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $84,000 $68 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $1,205/month

38 Days on Market

Highlights

  • Waterfront
  • Covered Patio or Porch
  • Tile Flooring
  • No HOA
  • Cooling Available
  • 5-minute walk to Riviera Oaks Dog Park

About This Home

As of May 2014

Almost everything's been previously stripped away from this gem but a smart investor can turn trash into cash with this property.

Last Agent to Sell the Property

Gary Rowley

FLORIDA HOMES REALTY & MORTGAGE License #3225716 Listed on: 04/15/2014

FLORIDA HOMES REALTY & MORTGAGE

Last Buyer's Agent

Non-Member FLG (Reciprocal 1)

NON-MLS OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $754

Year Built

  • Built in 1975

Lot Details

  • 8,500 Sq Ft Lot
  • Waterfront
  • North Facing Home
  • Property is zoned OUT/CNTY

Parking

  • 2 Car Garage

Home Design

  • Split Level Home
  • Fixer Upper
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,229 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • Out Of County Subdivision

Listing and Financial Details

  • Assessor Parcel Number 42-14-32-77-06-0120

Home Details

Home Type

Single Family

Est. Annual Taxes

$754

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Living Area: 1229
  • Year Built: 1975
  • Lot Size Sq Ft: 8500
  • Status: Sold
  • Homestead Y N: No
  • Ratio: Close Price\List Price: 2.28571
  • Price per Sq Ft: 65.09
  • Close to Original List Price Ratio: 2.28571
  • View: No
  • Tax Year: 2013
  • Special Features: Auction

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Appliances Included: None
  • Total Bedrooms: 2
  • Levels: Multi/Split
  • Stories: 1

Exterior Features

  • Direction Faces: North
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: None
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Paved

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Cooling: Other
  • Heating: Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Complex Community Name NCCB: OUT OF COUNTY

Lot Info

  • Zoning: OUT/CNTY
  • Parcel Number: 42-14-32-77-06-0120
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2014
Closed on
May 22, 2014
Sold by
U S Bank Na
Bought by
County Of Volusia
Seller's Agent
Gary Rowley
FLORIDA HOMES REALTY & MORTGAGE
Buyer's Agent
Non-Member FLG (Reciprocal 1)
NON-MLS OFFICE
List Price
$35,000
Sold Price
$80,000
Premium/Discount to List
$45,000
128.57%
Current Estimated Value
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,000
Avg. Annual Appreciation
9.59%

Purchase Details

Listed on
Apr 15, 2014
Closed on
Mar 25, 2014
Sold by
Studds Gary S and Studds Darlyne L
Bought by
U S Bank N A
Seller's Agent
Gary Rowley
FLORIDA HOMES REALTY & MORTGAGE
Buyer's Agent
Non-Member FLG (Reciprocal 1)
NON-MLS OFFICE
List Price
$35,000
Sold Price
$80,000
Premium/Discount to List
$45,000
128.57%

Purchase Details

Closed on
Jun 17, 2008
Sold by
Studds Darlyne L
Bought by
Studds Gary S

Purchase Details

Closed on
Dec 6, 2005
Sold by
Studds Gary S
Bought by
Studds Gary S and Studds Darlyne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 18, 1998
Sold by
Dept Housing & Urban Dev
Bought by
Studds Gary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,800
Interest Rate
6.95%

Purchase Details

Closed on
Jul 9, 1998
Sold by
Midfirst Bk
Bought by
Housing & Urban Dev

Purchase Details

Closed on
Jun 2, 1998
Sold by
Court Clerk Circuit
Bought by
Bk Midfirest

Purchase Details

Closed on
Sep 15, 1989
Bought by
County Of Volusia

Purchase Details

Closed on
Apr 15, 1989
Bought by
County Of Volusia

Purchase Details

Closed on
May 15, 1983
Bought by
County Of Volusia

Purchase Details

Closed on
Jun 15, 1979
Bought by
County Of Volusia
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
County Of Volusia $80,000 None Available
U S Bank N A $33,600 None Available
Studds Gary S -- None Available
Studds Gary S $65,000 None Available
Studds Gary S $56,000 --
Housing & Urban Dev -- --
Bk Midfirest -- --
County Of Volusia $69,200 --
County Of Volusia $65,100 --
County Of Volusia $53,000 --
County Of Volusia $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Studds Gary S $130,000
Previous Owner Studds Gary S $44,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2014 05/23/14 Sold $84,000 +5.0% $68 / Sq Ft View Prior Sale
05/23/2014 05/23/14 Sold $80,000 -4.8% $65 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
04/28/2014 04/28/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $84,000 +140.0% $68 / Sq Ft
04/15/2014 04/15/14 For Sale $35,000 -- $28 / Sq Ft
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
2025 $15 $40,120 $40,120 --
2024 $15 $40,120 $40,120 --
2023 $15 $36,344 $36,344 $0
2022 $7 $36,344 $36,344 $0
2021 $14 $23,600 $23,600 $0
2020 $14 $23,600 $23,600 $0
2019 $17 $23,600 $23,600 $0
2018 $23 $20,768 $20,768 $0
2017 $20 $20,789 $20,789 $0
2016 $21 $16,537 $0 $0
2015 $20 $16,537 $0 $0
2014 $1,055 $76,865 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Gary Rowley

    Vylla Home

    Section Image

  • K

    Buyer's Agent in 2014

    Karen Nelson

    Nonmember office

    (386) 677-7131

    32 in this area

    9,164 Total Sales

    Karen Nelson
    Section Image

  • N

    Buyer's Agent in 2014

    Non-Member FLG (Reciprocal 1)

    NON-MLS OFFICE

See All Agents

Map

Source: Stellar MLS

MLS Number: FC203750

Stellar MLS

APN: 4242-77-06-0120

Florida Volusia County Ormond Beach 32174 Riviera

111 Rio Way, Ormond Beach, FL

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.

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