NOT LISTED FOR SALE

541 S Atlantic Ave Ormond Beach, FL 32176

Estimated Value: $374,000 - $913,000

5 Beds
3 Baths
2,904 Sq Ft
$252/Sq Ft Est. Value

Last Sold September 20, 2012

Last sale price $350,000 $121 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $4,912/month

13 Days on Market

About This Home

As of September 2012

Take advantage of this oceanfront location and its income producing seasonal rentals. Features two separate buildings, one up and down duplex on the ocean and the other, located directly on S. Atlantic, has living quarters upstairs and possible office downstairs. If you are up to the task, the oceanfront duplex could be made into a single family residence while keeping the other building for onsite rental income. The choice is yours.

Last Agent to Sell the Property

Ralph Padgett Jr.

New Edge Realty License #0651525 Listed on: 09/07/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • Lot Dimensions are 63x225
  • Ocean Front

Home Design

  • Frame Construction
  • Concrete Block And Stucco Construction
  • Block And Beam Construction

Interior Spaces

  • 5 Bedrooms
  • 2,904 Sq Ft Home
  • Ocean Views

Kitchen

  • Electric Range
  • Microwave

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • 3 Units
  • Ormond Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 422307000010

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: 63x225
  • Subdivision Name: Ormond Shores
  • Directions: From SR40 (Granada Blvd), 1 mile south on Atlantic Avenue to 539, 541, & 543
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1933
  • Reso Property Type: ResidentialIncome
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • General Property Information Lot Size Dimensions: 63x225
  • Location Tax and Legal:Parcel Number: 422307000010
  • Location Tax and Legal:Tax Annual Amount: 9645.0
  • Location Tax and Legal:Tax Year: 2010
  • Cooling:Central Air: Yes
  • Water Source:Public: Yes
  • ViewOcean: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range
  • Total Bedrooms: 5
  • Living Area: 2904.0
  • Appliances:Electric Range: Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 5.0
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Central: Yes

Lot Info

  • Parcel #: 422307000010

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 9645.0
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2021
Sold by
Padgett Ralph L
Bought by
Padgett Ralph L and Padgett Ralph L
Current Estimated Value
$731,217

Purchase Details

Listed on
Sep 7, 2012
Closed on
Sep 19, 2012
Sold by
Friends Bank
Bought by
Padgett Ralph L
Seller's Agent
Ralph Padgett Jr.
New Edge Realty
Buyer's Agent
Ralph Padgett Jr.
New Edge Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$245,000
Outstanding Balance
$170,407
Interest Rate
3.68%
Mortgage Type
Seller Take Back
Estimated Equity
$560,810

Purchase Details

Listed on
Sep 7, 2012
Closed on
Aug 28, 2012
Sold by
Alevisatos Jerry
Bought by
Friends Bank
Seller's Agent
Ralph Padgett Jr.
New Edge Realty
Buyer's Agent
Ralph Padgett Jr.
New Edge Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Outstanding Balance
$170,407
Interest Rate
3.68%
Mortgage Type
Seller Take Back
Estimated Equity
$560,810

Purchase Details

Closed on
May 15, 1988
Bought by
Padgett Ralph L

Purchase Details

Closed on
Nov 15, 1978
Bought by
Padgett Ralph L

Purchase Details

Closed on
Jan 15, 1973
Bought by
Padgett Ralph L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Padgett Ralph L -- Attorney
Padgett Ralph L $350,000 Attorney
Friends Bank -- Attorney
Padgett Ralph L $270,000 --
Padgett Ralph L $94,900 --
Padgett Ralph L $102,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Padgett Ralph L $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2012 09/20/12 Sold $350,000 0.0% $121 / Sq Ft
09/07/2012 09/07/12 For Sale $350,000 -- $121 / 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 $12,977 $793,031 $547,200 $245,831
2024 $11,278 $792,505 $547,200 $245,305
2023 $11,278 $690,656 $480,960 $209,696
2022 $10,724 $654,491 $480,960 $173,531
2021 $11,308 $642,556 $480,960 $161,596
2020 $10,468 $594,644 $449,280 $145,364
2019 $10,710 $603,672 $486,720 $116,952
2018 $10,002 $548,333 $438,656 $109,677
2017 $9,954 $521,915 $411,240 $110,675
2016 $9,654 $487,738 $0 $0
2015 $9,310 $452,061 $0 $0
2014 $8,494 $411,414 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ralph Padgett Jr.

    Seller's Agent in 2012

    Ralph Padgett Jr.

    New Edge Realty

    (386) 846-7663

    1 in this area

    24 Total Sales

    Ralph Padgett Jr.
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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 535511

Daytona Beach Area Association of REALTORS®

APN: 4223-07-00-0010

Florida Volusia County Ormond Beach 32176

541 S Atlantic Ave, Ormond Beach, FL

Not Listed for Sale

MultiFamily

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