Seller's Agent in 2025
Kevin Kaiser
Realty Pros Assured
(386) 334-4908
1 in this area
35 Total Sales
5 King Phillips Way Ormond Beach, FL 32174
Ormond Lakes Neighborhood
3
Beds
2.5
Baths
3,226
Sq Ft
0.28
Acres
Highlights
- Heated In Ground Pool
- Deck
- Traditional Architecture
- Open Floorplan
- Vaulted Ceiling
- 5-minute walk to Addison Blockhouse Historic State Park
About This Home
As of September 2025Alert Veterans! Assumable VA Loan with 3.125 percent interest! Welcome to this entertainer's dream home, a custom-built masterpiece nestled in the prestigious Ormond Lakes community of Ormond Beach, Florida. This expansive 3-bedroom, 2.5-bathroom residence offers an open-concept design, perfect for hosting gatherings and creating lasting memories.
Interior Features:
Gourmet Kitchen: No expense has been spared in the complete remodel of the kitchen. It boasts high-end appliances, custom cabinetry, and luxurious countertops, making it a chef's delight. The kitchen seamlessly flows into the great living area, ensuring the chef remains part of the conversation.
Great Living Area: The heart of the home features soaring 20-foot ceilings, creating an airy and spacious ambiance. Large windows allow natural light to flood the space, highlighting the elegant finishes and providing views of the outdoor oasis. Entertainment Loft: Upstairs, discover two generously sized guest suites, each offering comfort and privacy.
Last Agent to Sell the Property
Realty Pros Assured License #3447783 Listed on: 07/10/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,893
Year Built
- Built in 2003 | Remodeled
Lot Details
- 0.28 Acre Lot
- Back Yard Fenced
- Corner Lot
- Front and Back Yard Sprinklers
HOA Fees
- $80 Monthly HOA Fees
Parking
- 2 Car Garage
- Circular Driveway
Home Design
- Traditional Architecture
- Slab Foundation
- Shingle Roof
- Concrete Block And Stucco Construction
- Block And Beam Construction
Interior Spaces
- 3,226 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wet Bar
- Built-In Features
- Vaulted Ceiling
- Entrance Foyer
- Family Room
- Home Office
- Bonus Room
- Screened Porch
Kitchen
- Eat-In Kitchen
- Double Oven
- Electric Oven
- Electric Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
- Separate Shower in Primary Bathroom
Laundry
- Laundry on lower level
- Dryer
- Washer
- Sink Near Laundry
Eco-Friendly Details
- Smart Irrigation
Pool
- Heated In Ground Pool
- Saltwater Pool
- Above Ground Spa
- Screen Enclosure
Outdoor Features
- Deck
- Screened Patio
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Heat Pump System
- Cable TV Available
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 3240-05-00-0230
Community Details
Overview
- Ormond Lakes Subdivision
Recreation
- Community Pool
Matterport 3D Tour
Floorplans
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 10, 2025
Closed on
Sep 5, 2025
Sold by
Harper Allen A and Harper Corann
Bought by
Crosby William W and Crosby Jaime
Seller's Agent
Kevin Kaiser
Realty Pros Assured
Buyer's Agent
Taylor Westfall Gillette
Simply Real Estate
List Price
$699,900
Sold Price
$680,000
Premium/Discount to List
-$19,900
-2.84%
Views
303
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,000
Avg. Annual Appreciation
4.48%
Original Mortgage
$685,000
Outstanding Balance
$684,226
Interest Rate
6.74%
Mortgage Type
VA
Estimated Equity
$4,774
Purchase Details
Listed on
Jan 19, 2022
Closed on
Mar 3, 2022
Sold by
Latzo and Robert
Bought by
Harper Allen A and Harper Corann
Seller's Agent
Ryan Desmarais
D3 REALTY LLC
List Price
$685,000
Sold Price
$685,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.21%
Original Mortgage
$685,000
Interest Rate
3.69%
Mortgage Type
VA
Purchase Details
Closed on
Sep 19, 2019
Sold by
Blomberg Johanna
Bought by
Latzo Johanna and Latzo Robert
Purchase Details
Listed on
Apr 14, 2015
Closed on
Aug 14, 2015
Sold by
Julian David John
Bought by
Blomberg Johanna
Seller's Agent
Mike Khorassani
Executive Realty Group LLC
Buyer's Agent
Mehrdad Khorassani
FAME Real Estate LLC
List Price
$310,000
Sold Price
$310,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$232,500
Interest Rate
7.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Apr 26, 2014
Closed on
Jan 21, 2015
Sold by
Hosseini Marjan and Chase Marjan H
Bought by
Julian David John
Seller's Agent
Mike Khorassani
Executive Realty Group LLC
Buyer's Agent
Todd Hardy
EXIT Beach Realty
List Price
$305,800
Sold Price
$305,800
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.47%
Original Mortgage
$253,000
Interest Rate
4.01%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 25, 2002
Sold by
Ormond Lakes Homeowners Assn Inc
Bought by
Chase Marjan H
Purchase Details
Closed on
Aug 14, 2002
Sold by
Chase Stephen D and Chase Steve
Bought by
Chase Marjan H
Purchase Details
Closed on
Apr 30, 2001
Sold by
Ormond Lakes Ltd
Bought by
Chase Stephen D and Chase Marjan H
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $670,000 | Realty Pro Title | |
| Warranty Deed | $670,000 | Realty Pro Title | |
| Warranty Deed | $685,000 | First American Title | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $310,000 | Southern Title Holding Co Ll | |
| Warranty Deed | $305,800 | Southern Title Hldg Co Llc | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $42,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $685,000 | VA | |
| Closed | $685,000 | VA | |
| Previous Owner | $685,000 | VA | |
| Previous Owner | $232,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $253,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/05/2025 09/05/25 | Sold | $680,000 | -2.8% | $211 / Sq Ft | |
| 07/10/2025 07/10/25 | For Sale | $699,900 | +2.2% | $217 / Sq Ft | |
| 03/04/2022 03/04/22 | Sold | $685,000 | 0.0% | $212 / Sq Ft | View Prior Sale |
| 01/25/2022 01/25/22 | Pending | -- | -- | -- | |
| 01/19/2022 01/19/22 | For Sale | $685,000 | +121.0% | $212 / Sq Ft | |
| 08/14/2015 08/14/15 | Sold | $310,000 | 0.0% | $96 / Sq Ft | View Prior Sale |
| 07/03/2015 07/03/15 | Pending | -- | -- | -- | |
| 04/14/2015 04/14/15 | For Sale | $310,000 | +1.4% | $96 / Sq Ft | |
| 01/21/2015 01/21/15 | Sold | $305,800 | 0.0% | $95 / Sq Ft | View Prior Sale |
| 12/22/2014 12/22/14 | Pending | -- | -- | -- | |
| 04/26/2014 04/26/14 | For Sale | $305,800 | -- | $95 / Sq Ft |
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 | $7,813 | $519,493 | $80,000 | $439,493 |
| 2024 | $8,694 | $533,844 | $80,000 | $453,844 |
| 2023 | $8,694 | $579,123 | $91,800 | $487,323 |
| 2022 | $5,027 | $508,590 | $65,000 | $443,590 |
| 2021 | $5,218 | $338,276 | $0 | $0 |
| 2020 | $5,140 | $333,606 | $0 | $0 |
| 2019 | $4,336 | $285,713 | $0 | $0 |
| 2018 | $4,359 | $280,386 | $0 | $0 |
| 2017 | $4,447 | $274,619 | $0 | $0 |
| 2016 | $4,505 | $268,971 | $0 | $0 |
| 2015 | $4,563 | $262,817 | $0 | $0 |
| 2014 | $4,534 | $260,731 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Kaiser
-
Taylor Westfall Gillette
Buyer's Agent in 2025
Taylor Westfall Gillette
Simply Real Estate
(386) 677-0870
2 in this area
116 Total Sales
-
Ryan Desmarais
Seller's Agent in 2022
Ryan Desmarais
D3 REALTY LLC
(386) 453-5362
1 in this area
89 Total Sales
-
M
Seller's Agent in 2015
Mike Khorassani
Executive Realty Group LLC
-
Mehrdad Khorassani
M
Buyer's Agent in 2015
Mehrdad Khorassani
FAME Real Estate LLC
(386) 334-2226
1 in this area
98 Total Sales
-
T
Buyer's Agent in 2015
Todd Hardy
EXIT Beach Realty
Map
Source: Daytona Beach Area Association of REALTORS®
MLS Number: 1215479
APN: 3240-05-00-0230
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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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