2831 Nordman Ave New Smyrna Beach, FL 32168
Turnbull Shores NeighborhoodEstimated Value: $202,015 - $383,000
5
Beds
2
Baths
2,192
Sq Ft
$122/Sq Ft
Est. Value
About This Home
As of October 2018Turn-key opportunity to purchase a professionally managed full-duplex in New Smyrna Beach with good tenants and good rent history. This property is at 2829 and 2831 Nordman Ave. 2829 Nordman is 3-BR, 2-BA and 2831 Nordman is 2-BR, 2BA. Both sides have attached exterior laundry rooms and individual driveways. This duplex was completely renovated in 2007 to the current building code at the time. Additional renovations were made again 2016 & 2017. Features include Hardie Board siding, newer appliances, countertops and cabinets, wall-to-wall tile in both sides, renovated bathrooms, new ceiling fans, new interior doors and fresh paint. 2831 Nordman has a new A/C system as of 2017. The full roof was replaced in 2007 along with all new windows and sliding doors. Current CAP rate is 6.3-percent. Without reserves and vacancy rate CAP rate is 7.5-percent. Please check out the Matterport Virtual Tours for both sides. 2829 Nordman can be seen at: https://my.matterport.com/show/?m=oH3fPPiGnAZ&mls=1 AND 2831 Nordman can be seen at: https://my.matterport.com/show/?m=t7X7N4Zt3SP&mls=1 All information thought to be reliable, but is not guaranteed; you are advised to verify all facts. Listing agent is related to seller.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,501
Year Built
- Built in 1983
Lot Details
- 6,490
Parking
- Off-Street Parking
Home Design
- 2,192 Sq Ft Home
- Duplex
- Frame Construction
- Shingle Roof
Kitchen
- Electric Range
- Dishwasher
Additional Features
- 5 Bedrooms
- Washer and Gas Dryer Hookup
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable TV, electricity, trash collection, water
- The owner pays for grounds care, management, taxes
- Assessor Parcel Number 6336-01-00-5900
Community Details
Overview
- 2 Units
- Turnbull Shores Subdivision
- On-Site Maintenance
Building Details
- Gross Income $1,975
- Net Operating Income $15,597
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 28, 2020
Sold by
Garcia Ernesto
Bought by
Garcia Ernesto and The Eg Separate Property Trust
Total Days on Market
7
Current Estimated Value
Purchase Details
Listed on
Aug 27, 2018
Closed on
Oct 1, 2018
Sold by
Mcelroy Gillespie Janice
Bought by
Garcia Ernesto and Garcia Enrique
Seller's Agent
Sylvan McElroy
The Keyes Company
Buyer's Agent
Sylvan McElroy
The Keyes Company
List Price
$241,000
Sold Price
$241,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.30%
Purchase Details
Closed on
Dec 21, 2004
Sold by
Henley Lonnie Page
Bought by
Gillespie Janice Mcelroy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 15, 1990
Bought by
Gillespie Janice Mcelroy
Purchase Details
Closed on
Aug 15, 1988
Bought by
Gillespie Janice Mcelroy
Purchase Details
Closed on
Jun 15, 1983
Bought by
Gillespie Janice Mcelroy
Similar Homes in New Smyrna Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garcia Ernesto | -- | Attorney | |
| Garcia Ernesto | $241,000 | Professional Title Agency A | |
| Gillespie Janice Mcelroy | $160,000 | Professional Title Agency In | |
| Gillespie Janice Mcelroy | $77,000 | -- | |
| Gillespie Janice Mcelroy | $100 | -- | |
| Gillespie Janice Mcelroy | $41,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Gillespie Janice Mcelroy | $70,000 | |
| Previous Owner | Henley Lonnie Page | $35,654 | |
| Previous Owner | Henley Lonnie Page | $37,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2018 10/01/18 | Sold | $241,000 | 0.0% | $110 / Sq Ft |
| 09/03/2018 09/03/18 | Pending | -- | -- | -- |
| 08/27/2018 08/27/18 | For Sale | $241,000 | 0.0% | $110 / Sq Ft |
| 01/24/2018 01/24/18 | For Rent | $1,000 | -- | -- |
| 01/24/2018 01/24/18 | Rented | -- | -- | -- |
Source: Daytona Beach Area Association of REALTORS®
Tax History Compared to Growth
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 | $2,405 | $161,345 | $32,500 | $128,845 |
| 2024 | $2,405 | $162,119 | $32,500 | $129,619 |
| 2023 | $2,405 | $150,223 | $22,500 | $127,723 |
| 2022 | $2,088 | $121,410 | $18,750 | $102,660 |
| 2021 | $1,973 | $105,812 | $16,625 | $89,187 |
| 2019 | $1,912 | $98,386 | $21,375 | $77,011 |
| 2018 | $1,585 | $82,817 | $3,563 | $79,254 |
| 2017 | $1,501 | $76,697 | $3,550 | $73,147 |
| 2016 | $1,422 | $63,967 | $0 | $0 |
| 2015 | $1,464 | $63,467 | $0 | $0 |
| 2014 | $1,471 | $62,810 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sylvan McElroy
Seller's Agent in 2018
Sylvan McElroy
The Keyes Company
(386) 423-2958
4 in this area
104 Total Sales
-
Jenny Lux
Seller's Agent in 2018
Jenny Lux
THE KEYES COMPANY
(386) 423-0778
Map
Source: Daytona Beach Area Association of REALTORS®
MLS Number: 1047303
APN: 6336-01-00-5900
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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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