NOT LISTED FOR SALE

140 Lincoln Ave Ormond Beach, FL 32174

Ormond Beach Area

Estimated Value: $2,416,756

27 Beds
156 Baths
21,387 Sq Ft
$113/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2023

Last sale price $2,500,000 $117 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $15,781 / mo

Highlights

  • 1.25 Acre Lot
  • Central Heating and Cooling System
  • 3-minute walk to Lincoln Avenue Park
  • Ormond Beach Elementary School Rated 9+

About This Home

As of June 2023

FOR STATISTICAL PURPOSES ONLY:

ORMOND SHORES APARTMENTS IS A 26 UNIT SECTION 8 ELDERLY (AGE 62+) LOW INCOME INDEPENDENT HOUSING APARTMENT COMPLEX LOCATED IN ORMOND BEACH.

Last Agent to Sell the Property

Mary Maholias

Realty Pros Assured License #3396749 Listed on: 06/30/2023

Realty Pros Assured

Last Buyer's Agent

Mary Faulk

Advance One Properties LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,934

Year Built

  • Built in 1981

Lot Details

  • 1.25

Home Design

  • 21,387 Sq Ft Home
  • Concrete Block And Stucco Construction
  • Block And Beam Construction

Parking

  • 26 Parking Spaces
  • Parking Lot

Additional Features

  • Electric Range
  • 27 Bedrooms
  • 1.25 Acre Lot
  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • 26 Units
  • Lincoln Park Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for trash collection, water
  • Assessor Parcel Number 4215-07-01-0060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,934

Year Built

Built in 1981

Lot Details

1.25 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.25
  • MLS Status: Closed
  • Standard Status: Closed
  • Subdivision Name: Lincoln Park
  • Directions: East on Granada, left on US 1, right on Lincoln
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1981
  • Appliances Refrigerators: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Acres: 1.25
  • Location Tax and Legal:Parcel Number: 4215-07-01-0060
  • Location Tax and Legal:Tax Annual Amount: 19934.0
  • Location Tax and Legal:Tax Year: 2022
  • Cooling:Central Air: Yes
  • Water Source:Public: Yes
  • Owner Pays Trash Collection: Yes
  • Owner Pays Water4: Yes
  • General Property Information Number Of Units Total2: 26.0
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Owner Pays: Trash Collection, Water
  • Total Bedrooms: 27
  • Living Area: 21387.0
  • Appliances:Electric Range: Yes

Exterior Features

  • Lot Features: Other
  • Construction Type: Block, Concrete
  • Roof: Other
  • Construction Materials:Block: Yes
  • Construction Materials:Concrete: Yes
  • Lot Features:Other18: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot
  • Total Parking Spaces: 26.0
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 54450.0
  • Parcel #: 4215-07-01-0060

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Number Of Units Total: 26

Tax Info

  • Tax Annual Amount: 19934.0
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Jun 29, 2023
Sold by
Ormond Shores Apartments Llc
Bought by
Seller's Agent
Mary Maholias
Realty Pros Assured
Buyer's Agent
Mary Faulk
Advance One Properties LLC
List Price
$2,500,000
Sold Price
$2,500,000
Current Estimated Value
$2,416,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,244
Avg. Annual Appreciation
-1.05%

Purchase Details

Closed on
Apr 17, 2001
Sold by
Maholias Konstantin and Maholias Elizabeth
Bought by
Ormond Shores Apartments L L C

Purchase Details

Closed on
Mar 31, 2000
Sold by
Ormond Joint Venture
Bought by
Maholias Konstantin and Maholias Elizabeth

Purchase Details

Closed on
Feb 15, 1979
Bought by
Ormond Shores Apartments Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ormond Beach, FL

  • Jacqueline Balaban Real Estate Agent - RE/MAX Signature

    Jacqueline Balaban

    RE/MAX Signature

    (386) 260-2520

    84 Total Sales

    1 in Ormond Beach

    $315,000 Price

    Jacqueline Balaban
     Section Image
  • Patti Mckinley Real Estate Agent - REALTY PROS ASSURED

    Patti Mckinley

    REALTY PROS ASSURED

    (386) 260-4528

    122 Total Sales

    1 in Ormond Beach

    $385,000 Price

    Patti Mckinley
     Section Image
  • Buzzy Porter Real Estate Agent - Realty Pros Assured

    Buzzy Porter

    Realty Pros Assured

    (386) 433-3792

    225 Total Sales

    2 in Ormond Beach

    $350K - $560K Price Range

    Buzzy Porter
     Section Image
  • Walter Borgen Real Estate Agent - RE/MAX Signature

    Walter Borgen

    RE/MAX Signature

    (386) 888-6896

    167 Total Sales

    1 in Ormond Beach

    $273,000 Price

    Walter Borgen
     Section Image
  • Anita Millar Real Estate Agent - ROYAL HIGHLANDER REAL ESTATE CONSULTANTS, LLC.

    Anita Millar

    ROYAL HIGHLANDER REAL ESTATE CONSULTANTS, LLC.

    (904) 569-8964

    31 Total Sales

    2 in Ormond Beach

    $211,640 Price Range

    Anita Millar
     Section Image
  • Memory Hopkins Real Estate Agent - MEMORY HOPKINS REAL ESTATE

    Memory Hopkins

    MEMORY HOPKINS REAL ESTATE

    (386) 387-5929

    47 Total Sales

    2 in Ormond Beach

    $320,000 Price Range

    Memory Hopkins
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,500,000 None Listed On Document
Ormond Shores Apartments L L C $201,000 --
Maholias Konstantin $712,400 --
Ormond Shores Apartments Llc $60,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,412,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $2,500,000 0.0% $117 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $2,500,000 -- $117 / Sq Ft
Source: Daytona Beach Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 -- $2,018,815 $520,000 $1,498,815
2025 -- $2,026,186 $520,000 $1,506,186
2024 $24,396 $2,112,628 $390,000 $1,722,628
2023 $24,396 $2,091,640 $312,000 $1,779,640
2022 $19,934 $1,470,104 $286,000 $1,184,104
2021 $17,423 $990,085 $247,000 $743,085
2020 $17,555 $997,269 $247,000 $750,269
2019 $16,977 $956,336 $182,000 $774,336
2018 $16,712 $916,212 $169,000 $747,212
2017 $16,129 $845,684 $169,000 $676,684
2016 $15,743 $795,359 $0 $0
2015 $15,414 $748,428 $0 $0
2014 $15,049 $728,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Maholias Real Estate Agent - Realty Pros Assured

    Seller's Agent in 2023

    Mary Maholias

    Realty Pros Assured

    (813) 601-9531

    43 Total Sales

    Mary Maholias
    Section Image

  • MF

    Buyer's Agent in 2023

    Mary Faulk

    Advance One Properties LLC

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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1111027

Daytona Beach Area Association of REALTORS®

APN: 4215-07-01-0060

Florida Volusia County Ormond Beach 32174

140 Lincoln Ave, 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.

Daytona Beach Area Association of REALTORS® 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.

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