NOT LISTED FOR SALE

1511 Lexington Ave Unit 1 Deland, FL 32724

North DeLand Neighborhood

Estimated Value: $357,000 - $512,000

8 Beds
6 Baths
6,766 Sq Ft
$66/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $225,000 $33 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,984/month

3 Days on Market

Highlights

  • 1.17 Acre Lot
  • 3 Car Attached Garage
  • Outdoor Storage
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

About This Home

As of March 2019

VERY RARE 5,854 Sqft Quadruplex zoned residential on OWNED land in Airport Industrial Park. This property is a hot commodity for skydivers and workers in the area. Currently, all units are fully rented month to month. Units very is size: 3/2, 4/2, 2/1, 2/1. Units are all unique in function and design with several different heat sources. Property needs work and is being sold AS-IS/ WHERE-IS.

Last Agent to Sell the Property

Amy James

CHARLES RUTENBERG REALTY ORLANDO License #3417086 Listed on: 01/29/2019

CHARLES RUTENBERG REALTY ORLANDO

Co-Listed By

Michael Scott

BEACH LIFE REALTY License #3012100

Last Buyer's Agent

David Washington

CHARLES RUTENBERG REALTY ORLANDO License #3164865

CHARLES RUTENBERG REALTY ORLANDO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,121

Year Built

  • Built in 1956

Lot Details

  • 1.17 Acre Lot
  • Lot Dimensions are 390 x 155
  • Property fronts a private road
  • Flag Lot

Parking

  • 3 Car Attached Garage
  • Open Parking

Home Design

  • 6,766 Sq Ft Home
  • Quadruplex
  • Bi-Level Home
  • Studio
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Siding

Outdoor Features

  • Outdoor Storage

Schools

  • George Marks Elementary School
  • Deland Middle School
  • Deland High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 5,854 Sq Ft Building
  • Deland Municipal Airport Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,121

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Concrete, Siding, Wood Frame
  • Fireplace: Yes
  • Living Area: 6766
  • Lot Size Acres: 1.17
  • New Construction: No
  • Year Built: 1956
  • Building Area Total: 5854
  • Lot Size Sq Ft: 51007
  • Tenant Pays: Electricity
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=V4905112&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=V4905112&cview=true&show_results=true&customer_portal=true
  • Unit Count: 4
  • Homestead Y N: No
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Property Description: Studio/Efficiency
  • Call Center Phone Number: 386-748-1290
  • Ratio: Close Price\List Price: 0.98253
  • Price per Sq Ft: 33.25
  • Close to Original List Price Ratio: 0.98253
  • Ratio: Current Price\Building Area Total: 38.44
  • View: No
  • Co List Office Mls Id: 286000812
  • Co List Office Phone: 386-626-7355
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Levels: Two
  • Spa Yn: No
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Private Road
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12127C0470H

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric, Natural Gas, Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: No

Schools

  • Elementary School: George Marks Elem
  • High School: Deland High
  • Middle Or Junior School: Deland Middle

Lot Info

  • Zoning: 05M-1
  • Parcel Number: 34-16-30-02-00-0047
  • Additional Parcels: No
  • Lot Features: Flag Lot
  • Lot Dimensions: 390 x 155
  • Flood Zone Code: X
  • Flood Zone Date: 2014-02-19
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 2200

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4121
  • Tax Block: 00-0047
  • Tax Book Number: MB27-284

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2021
Sold by
King Of Salen Tiling Services Inc
Bought by
Bessa Ricardo
Current Estimated Value
$445,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Outstanding Balance
$246,361
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$199,048

Purchase Details

Closed on
Sep 4, 2020
Sold by
Brishaun Enterprises Corporation
Bought by
King Of Salen Tiling Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
2.9%
Mortgage Type
Balloon

Purchase Details

Listed on
Jan 29, 2019
Closed on
Mar 1, 2019
Sold by
Ruppert Norbert
Bought by
Brishaun Enterprises Corp
Seller's Agent
Amy James
CHARLES RUTENBERG REALTY ORLANDO
Buyer's Agent
David Washington
CHARLES RUTENBERG REALTY ORLANDO
List Price
$229,000
Sold Price
$225,000
Premium/Discount to List
-$4,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.80%
Original Mortgage
$180,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 15, 1990
Bought by
Ruppert Norbert

Purchase Details

Closed on
Nov 15, 1983
Bought by
Ruppert Norbert

Purchase Details

Closed on
Nov 15, 1979
Bought by
Ruppert Norbert
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
Bessa Ricardo $367,500 Homeland Title Source Llc
King Of Salen Tiling Services Inc $365,000 Ams Title Agcy & Escrow Llc
Brishaun Enterprises Corp $225,000 Westside Title Services Inc
Ruppert Norbert $120,000 --
Ruppert Norbert $110,000 --
Ruppert Norbert $76,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bessa Ricardo $273,750
Previous Owner King Of Salen Tiling Services Inc $315,000
Previous Owner Brishaun Enterprises Corp $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2019 03/01/19 Sold $225,000 -1.7% $33 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
01/29/2019 01/29/19 For Sale $229,000 -- $34 / 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 $7,695 $406,340 $102,014 $304,326
2024 $7,695 $414,530 $102,014 $312,516
2023 $7,695 $410,326 $102,014 $308,312
2022 $7,294 $382,072 $102,014 $280,058
2021 $5,870 $285,741 $37,949 $247,792
2020 $4,052 $196,633 $37,949 $158,684
2019 $4,143 $191,897 $37,949 $153,948
2018 $4,473 $209,917 $22,953 $186,964
2017 $4,121 $176,727 $19,128 $157,599
2016 $3,747 $164,702 $0 $0
2015 $3,518 $149,562 $0 $0
2014 $3,280 $138,933 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy James

    Seller's Agent in 2019

    Amy James

    CHARLES RUTENBERG REALTY ORLANDO

    (386) 748-1290

    4 Total Sales

    Amy James
    Section Image
  • Michael Scott

    Seller Co-Listing Agent in 2019

    Michael Scott

    BEACH LIFE REALTY

    (386) 717-1862

    7 in this area

    52 Total Sales

    Michael Scott
    Section Image
  • David Washington

    Buyer's Agent in 2019

    David Washington

    CHARLES RUTENBERG REALTY ORLANDO

    (407) 579-1981

    6 Total Sales

    David Washington
    Section Image
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Map

Source: Stellar MLS

MLS Number: V4905112

Stellar MLS

APN: 6034-02-00-0047

Florida Volusia County Deland 32724 North DeLand

1511 Lexington Ave Unit 1, Deland, FL

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

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