NOT LISTED FOR SALE

2040 Ocean Shore Blvd Ormond Beach, FL 32176

Estimated Value: $1,533,743

13 Beds
13 Baths
3,548 Sq Ft
$432/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $1,050,000 $296 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $9,327/month

48 Days on Market

Highlights

  • Ocean Front
  • 1.03 Acre Lot
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2021

Look no further than this amazing Motel, situated just across the road from the beach on the A1A in Ormond. This is an amazing investment, the motel features 13 rooms and an office. The property is over 1 acre and has plenty of potential as zoning allows for greater opportunities. The motel features its own beach access. Units currently leasing for long term occupancy. Priced to sell, dont wait for this amazing opportunity to pass by, INQUIRE TODAY!

Last Agent to Sell the Property

David Levy

Matok Realty & Management Inc License #3269511 Listed on: 12/29/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,580

Year Built

  • Built in 1951

Lot Details

  • 1.03 Acre Lot
  • Ocean Front

Parking

  • Parking Lot

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction
  • Block And Beam Construction

Interior Spaces

  • 13 Bedrooms
  • 3,548 Sq Ft Home
  • Ocean Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Septic Tank

Community Details

  • 13 Units
  • Ocean Crest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3227-03-01-0100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,580

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.03
  • Lot Size: 45000
  • Subdivision Name: Ocean Crest
  • Directions: Granada Blvd (SR40) left on Ocean Shore Blvd (A1A) going North for 4 miles, motel on left. of street.
  • Carport Y N: No
  • Year Built: 1951
  • Reso Property Type: ResidentialIncome
  • Roof:Shingle: Yes
  • General Property Information Lot Size Acres: 1.03
  • General Property Information Lot Size Dimensions: 45000
  • Location Tax and Legal:Parcel Number: 3227-03-01-0100
  • Location Tax and Legal:Tax Annual Amount: 12580.0
  • Location Tax and Legal:Tax Year: 2019
  • Water Source:Public: Yes
  • ViewOcean: Yes
  • Cooling WallWindow Unit(s): Yes
  • General Property Information Number Of Units Total2: 13.0
  • Special Features: None

Interior Features

  • Total Bedrooms: 13
  • Living Area: 3548.0

Exterior Features

  • View: Ocean
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Roof: Shingle
  • Construction Materials:Block: Yes
  • Construction Materials:Concrete: Yes
  • Waterfront Features:Ocean Front: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Sewer: Septic Tank
  • Water Source: Public
  • Sewer Septic Tank: Yes

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 44866.8
  • Parcel #: 3227-03-01-0100
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 13

Tax Info

  • Tax Annual Amount: 12580.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2020
Closed on
Jun 16, 2021
Sold by
Graybill Re Llc
Bought by
2040 Ocean Club Llc
Seller's Agent
David Levy
Matok Realty & Management Inc
Buyer's Agent
David Levy
Matok Realty & Management Inc
List Price
$1,050,000
Sold Price
$1,050,000
Current Estimated Value
$1,533,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,743

Purchase Details

Listed on
Dec 29, 2020
Closed on
May 5, 2021
Sold by
Nissim Doron and 2040 Ocean Shore Land Trust
Bought by
Graybill Re Llc
Seller's Agent
David Levy
Matok Realty & Management Inc
Buyer's Agent
David Levy
Matok Realty & Management Inc
List Price
$1,050,000
Sold Price
$1,050,000

Purchase Details

Closed on
Sep 27, 2017
Sold by
Ostrowsky Gordon and Ostrowsky Marey
Bought by
Dreams Colony 2017 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2006
Sold by
Maynard Marsha M
Bought by
Ostrowsky Gordon and Ostrowsky Marcy

Purchase Details

Closed on
Oct 3, 2006
Sold by
Mcgraw Catherine
Bought by
Ostrowsky Gordon and Ostrowsky Marcy

Purchase Details

Closed on
Sep 26, 2006
Sold by
Clum Marion G
Bought by
Ostrowsky Gordon and Ostrowsky Marcy
Source: Public Records

Range of Values:

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Average Value
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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
2040 Ocean Club Llc -- Florida Title Professional
Graybill Re Llc $1,200,000 Attorney
Nissim Doron $1,050,000 Attorney
Dreams Colony 2017 Llc $1,250 Attorney
Ostrowsky Gordon -- None Available
Ostrowsky Gordon -- None Available
Ostrowsky Gordon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dreams Colony 2017 Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Sold $1,050,000 0.0% $296 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $1,050,000 -- $296 / Sq Ft
Source: Daytona Beach Area Association of REALTORS®

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 $14,729 $906,766 $401,750 $505,016
2024 $14,729 $880,765 $401,750 $479,015
2023 $14,729 $817,189 $401,750 $415,439
2022 $14,310 $776,865 $401,750 $375,115
2021 $9,867 $499,209 $274,900 $224,309
2020 $12,843 $651,519 $272,750 $378,769
2019 $12,580 $627,416 $272,750 $354,666
2018 $12,578 $617,379 $272,750 $344,629
2017 $6,850 $322,481 $272,750 $49,731
2016 $7,002 $318,732 $0 $0
2015 -- $314,194 $0 $0
2014 -- $284,038 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    David Levy

    Matok Realty & Management Inc

    (386) 562-2002

    3 in this area

    33 Total Sales

    David Levy
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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1078959

Daytona Beach Area Association of REALTORS®

APN: 3227-03-01-0100

Florida Volusia County Ormond Beach 32176

2040 Ocean Shore Blvd, Ormond Beach, FL

This home is located at 2040 Ocean Shore Blvd, Ormond Beach, FL 32176 since 29 December 2020 and is currently estimated at $1,533,743, approximately $432 per square foot. This property was built in 1951. 2040 Ocean Shore Blvd is a home located in Volusia County with nearby schools including Ormond Beach Middle School, Seabreeze High School, and St Brendan Catholic 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.

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