NOT LISTED FOR SALE

263 S Nova Rd Ormond Beach, FL 32174

Estimated Value: $11,197,992

3.86 Acres
$2,901,034 Price per Acre
168,142 Sq Ft Lot

Last Sold November 17, 2020

Last sale price $750,000

Est. 1,393% increase in value since last sale

Current estimated payment $70,905/month

346 Days on Market

About This Lot

As of November 2020

Fantastic growth area in Ormond Beach. Large parcel with 260 feet frontage on Nova! +/-549 on northside of property. Contiguous to the south has retention pond for this site. Site has water/sewer. Zoning allows RETAIL, PROFESSIONAL, RESTAURANT, BANKS AND MANY MORE USES (See B-8 Zoning description). Property to the north is available which would give a user 360 of Nova Road frontage with a corner!

Last Agent to Sell the Property

G.G. Galloway

Coldwell Banker Commercial Benchmark Listed on: 04/02/2019

Coldwell Banker Commercial Benchmark

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,306

Lot Details

  • 3.86 Acre Lot
  • Corner Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels
  • Zoning described as Retail

Community Details

  • Fernwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 422100020101

Property Details

Property Type

Land

Est. Annual Taxes

$6,306

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 3.86
  • Lot Size: 3.86 acres
  • Road Surface Type: Asphalt
  • Subdivision Name: Fernwood
  • Directions: On Nova Road South from Granada Boulevard
  • Reso Property Type: Land
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Acres: 3.86
  • General Property Information Lot Size Dimensions: 3.86 acres
  • Location Tax and Legal:Parcel Number: 422100020101
  • Location Tax and Legal:Tax Annual Amount: 6305.67
  • Location Tax and Legal:Tax Year: 2018
  • Location Tax and Legal Zoning Description: Retail
  • Utilities:Water Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Available: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Corner Lot, Split Possible
  • Lot Features:Corner Lot: Yes
  • Lot Features:Split Possible: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available

Lot Info

  • Current Use: Commercial, Office, Retail, Unimproved
  • Lot Size Sq Ft: 168141.6
  • Parcel #: 422100020101
  • Zoning Description: Retail
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6305.67
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2022
Sold by
Nova Road Ccss Llc
Bought by
Masonova Llc and 5265 Us1 Llc
Current Estimated Value
$11,197,992

Purchase Details

Listed on
Apr 2, 2019
Closed on
Nov 12, 2020
Sold by
Ormond Power Properties Llc
Bought by
Nova Road Ccss Llc
Seller's Agent
G.G. Galloway
Coldwell Banker Commercial Benchmark
Buyer's Agent
G.G. Galloway
Coldwell Banker Commercial Benchmark
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.66%
Original Mortgage
$5,999,070
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2006
Sold by
Fernwood Associates Inc
Bought by
Ormond Power Properties Llc

Purchase Details

Closed on
Jul 15, 1983
Bought by
Ormond Power Properties Llc
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
Masonova Llc $1,671,428,571 None Listed On Document
Nova Road Ccss Llc $750,000 Attorney
Ormond Power Properties Llc $1,150,000 None Available
Ormond Power Properties Llc $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nova Road Ccss Llc $5,999,070
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Sold $750,000 0.0% --
03/13/2020 03/13/20 Pending -- -- --
04/02/2019 04/02/19 For Sale $750,000 -- --
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 $147,514 $9,816,798 $1,509,309 $8,307,489
2024 $147,514 $9,506,556 $1,509,309 $7,997,247
2023 $147,514 $9,033,894 $1,509,309 $7,524,585
2022 $96,248 $5,873,954 $616,874 $5,257,080
2021 $10,856 $616,874 $616,874 $0
2020 $7,064 $411,454 $411,454 $0
2019 $6,392 $360,099 $360,099 $0
2018 $6,568 $360,099 $360,099 $0
2017 $6,868 $360,099 $360,099 $0
2016 $7,128 $360,099 $0 $0
2015 $7,416 $360,099 $0 $0
2014 $7,434 $360,099 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G.G. Galloway

    Seller's Agent in 2020

    G.G. Galloway

    Coldwell Banker Commercial Benchmark

    (386) 672-8459

    13 Total Sales

    G.G. Galloway
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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1055798

Daytona Beach Area Association of REALTORS®

APN: 4221-00-02-0101

Florida Volusia County Ormond Beach 32174

263 S Nova Rd, Ormond Beach, FL

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