501 Leeway Trail Ormond Beach, FL 32174
Estimated Value: $869,000 - $1,033,000
5
Beds
5.5
Baths
4,977
Sq Ft
$188/Sq Ft
Est. Value
Highlights
- Community Stables
- RV Access or Parking
- No HOA
- In Ground Pool
- Home fronts a canal
- Balcony
About This Home
As of April 2022EQUITY OPPORTUNITY in this quiet, 6-acre country estate in West Ormond Beach. Update this one of a kind property to your own taste and restore it to its full potential! All big ticket items are newer: roofs (2017, 2021, 2021), main AC 2021, pool pump 2021, deep water well 2017, water softener 2019. Just bring an eye for cosmetic updates. As you pull in to the oak, elm and maple tree-covered, fully-irrigated front property, you'll see the 3/3 main house to your right with an enclosed in-ground pool fully equipped for a hot tub, a two-story apartment building once used to house the owner's parents and grandchildren and, finally, a 2-car oversized 32x35 garage with attached workshop. These are not your average ''apartments'' either - each is a FULL 1/1 with living room, bedroom, walk-in closet, full bath, laundry room, eat-in kitchen and balcony. Once used as family living quarters, the apartments are now used to generate significant supplemental income. Units are each rented month-to-month at $1,500 per month with utilities included. Both units each have separate, private entrances, porch/balcony, and A/C units. The main house downstairs master is one you simply must see to believe the size! Full of natural light and leads to the master bath that includes a HUGE 10x10 walk-in closet. Access the pool from either your laundry/mud room or the master bath. Two oversized bedrooms upstairs have double closets each with their own private balconies overlooking the 6-acre property. Enclosed inground pool has been maintenanced regularly and is equipped with a brand new, energy-efficient pump. The main house and apartment building are connected by breezeways on both top and bottom floors. With just a little bit of love, the main house could be an absolute STUNNER! The entire property is fully field fenced and includes stalls, runs and pasture with man-made pond in North pasture. This setup is perfect for equestrians, those needing a separate living space, or anyone looking to supplement their income. Current owners realize almost $4,000/month in rental income! Feel free to explore Groover Creek that runs along the East boundary line of the property. With two field fenced pastures, two barns, eight stalls, five tack rooms, a wash pad with cross ties, and a full bath in the back barn, this property is an equestrian's dream. All information intended to be accurate but is not guaranteed.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,055
Year Built
- Built in 1982
Lot Details
- 5.97 Acre Lot
- Home fronts a canal
- Property fronts a private road
- Northwest Facing Home
- Fenced
Parking
- 2 Car Detached Garage
- Additional Parking
- RV Access or Parking
Home Design
- Shingle Roof
- Metal Roof
- Stucco
Interior Spaces
- 4,977 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Fireplace
- Living Room
- Dining Room
- Canal Views
Kitchen
- Electric Range
- Dishwasher
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- In Ground Pool
- Balcony
- Patio
- Front Porch
Utilities
- Central Air
- Agricultural Well Water Source
- Well
- Water Softener is Owned
- Septic Tank
Additional Features
- Smart Irrigation
- Agricultural
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 4114-00-00-0081
Community Details
Overview
- No Home Owners Association
Recreation
- Community Stables
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 3, 2021
Sold by
Conn Paula
Bought by
Conn Paula and Conn Patrcia A
Total Days on Market
78
Current Estimated Value
Purchase Details
Closed on
Nov 14, 2005
Sold by
Pellicer Ruth F
Bought by
Omaa Ltd Llp
Purchase Details
Closed on
Mar 15, 1993
Bought by
Conn Arnold P and Conn Patricia A
Similar Homes in Ormond 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 |
|---|---|---|---|
| Conn Paula | -- | None Available | |
| Omaa Ltd Llp | -- | -- | |
| Conn Arnold P | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Conn Arnold | $500,000 | |
| Previous Owner | Conn Arnold P | $210,000 | |
| Previous Owner | Conn Arnold P | $50,000 | |
| Previous Owner | Conn Arnold P | $165,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2022 04/01/22 | Sold | $793,000 | 0.0% | $159 / Sq Ft |
| 01/12/2022 01/12/22 | Pending | -- | -- | -- |
| 10/26/2021 10/26/21 | For Sale | $793,000 | -- | $159 / 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 | $13,263 | $554,881 | -- | -- |
| 2024 | $13,263 | $542,334 | -- | -- |
| 2023 | $13,263 | $812,216 | $283,575 | $528,641 |
| 2022 | $5,371 | $861,940 | $232,830 | $629,110 |
| 2021 | $5,132 | $333,896 | $0 | $0 |
| 2020 | $5,055 | $329,286 | $0 | $0 |
| 2019 | $4,970 | $321,883 | $0 | $0 |
| 2018 | $4,998 | $315,881 | $0 | $0 |
| 2017 | $5,100 | $309,384 | $0 | $0 |
| 2016 | $5,170 | $303,021 | $0 | $0 |
| 2015 | $5,348 | $300,915 | $0 | $0 |
| 2014 | $5,314 | $298,527 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Gina Sweringen
Seller's Agent in 2022
Gina Sweringen
Adams, Cameron & Co., Realtors
(386) 316-1774
124 Total Sales
Map
Source: Daytona Beach Area Association of REALTORS®
MLS Number: 1089112
APN: 4114-00-00-0081
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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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