Ormond Beach Flip Near Ocean River Dr, Ormond Beach, FL 32176
Property Detail
Type
Single Family Home, **SOLD** Status
Flip, **SOLD** Location
Florida
Sub Location
Ormond Beach
Price
$119,900
Sq. Ft.1,862Bedrooms3Bathrooms2ARV$225,000 - $265,000Rent/moPotential of short term rentalRehab$60,000+/-Garage1 CarPoolNoneTaxes/yr$1,970Lot Size (Acres)0.14 AcresConstructionBlockWaterfrontClose to OceanYear1952SubdivisionOrmond By SeaHOA Fees/mo$0
Property Description
Great location literally a short walk to the ocean. This home is selling at 65/p sq ft which is unseen for this area. A half mile radius shows 73 solds in the last year and they are all over 105/p sq ft.
The home will need a full rehab. If you decided not to rehab all 1844 sq ft of it, you could demo part of the house that is in the most disrepair and still have an ARV of 220k+, as there are multiple comps under 1000 sq ft on same street selling for over 200k.
COMPS:
70 River Dr – 2/1 840 sq ft sold for 200k
16 River Dr – 2/1 916 sq ft sold for 219.4k
45 River Dr – 2/2 920 sq ft sold for 205k
1217 Riverbreeze – 3/2.5 1414 sq ft sold for 250k
44 Tropical Dr – 2/1 1350 sq ft sold for 230k
45 Tropical Dr – 3/2 1397 sq ft sold for 219
1289 John Anderson Dr – 3/2.5 1926 sq ft pool sold for 281
30 Dormont – Dr – 4/2 1844 sq ft sold for 277
1 Hibiscus – 3/3 1818 sq ft sold for 262k
175 Ormwood – 3/2 1930 sq ft sold for 312.9
