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Volusia 32174 Village of Pine Run
117 Oak LANE
$415,000
● House - Off Market

117 Oak LANE

ORMOND BEACH, FL 32174
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,020 Ft²
$2,727
Est. Monthly
$5
HOA / Fees
4.21%
Cap Rate

About This Property

Discover a rare gem in the Village of Pine Run that's primed for your creative vision! This solid home sits on 1.25 acres, offering you the perfect blank canvas to craft your ideal living space. Priced to give you room in your budget for personalized renovations, this property promises great potential. With a 9-year-young roof,  the essential components are already in place. Explore various renovation loan options to bring your dream home to life. The layout makes excellent use of space, giving the impression of a much larger home. LARGE Main Bedroom with dressing area, split floor plan, stone covered fireplace and a wet bar that creativity could bring Alive! Open floor space for living area, there are so many possibilities! Come see the potential for yourself!
Unit Size
2,020 Ft²
Days on Market
86 days
Land Size
1.25 acres
Price per sqft
$223
Property Type
House
Property Taxes
$512
HOA Dues
$5
Year Built
1979

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Stellar MLS #FC303984)

Price History

Date / Event Date Event Price
Dec 13, 2024 Sold
Premium
Sold
Oct 25, 2024 In contract -
In contract
Sep 18, 2024 Listed by ADAMS, CAMERON & CO., REALTORS $450,000
Listed by ADAMS, CAMERON & CO., REALTORS
Mar 15, 1985 Sold
Premium
Sold
Feb 15, 1984 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,450
  • Total Building Area: 2,526
  • Gross Building Area: 2,526
  • Building Area: 2,020
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,020
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PINE RUN MB
  • Land Acres: 0000001250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 72 VILLAGE OF PINE RUN MB 35 PGS 40-45 INC PER OR 2668 PG 0458

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 080102

Zoning

  • Zoning: 01RR

Geography

  • Assessors Map Reference: E1-0027-31
  • Account Number: 2976365
  • Subdivision Tract Number: 02
  • Parcel: 3231-02-00-0720
  • Lot: 72
  • Meridian: SEC 31 TWN 13S RNG 32E
  • Municipality: UNINCORPORATED - NORTHEAST
  • Latitude: 29.339
  • Longitude: -81.1129

    Address

  • Full Address: 117 Oak Ln
  • Address - House Number: 117
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Ormond Beach
  • Carrier Code: R011
  • 4-Digit Zip Code: 2633
  • Zip Code: 32174

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $614,203
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 467,698
  • High Value: 548,400
  • Low Value: 386,996

    Market Valuation

  • Market Total Value: $352,998
  • Market Land Value: $81,250
  • Market Improvement Value: $271,748

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $352,998
  • Assessed Land Value: $81,250
  • Assessed Improvements Value: $271,748

    Sales

  • Current Sale Contract Date: Mar 15, 1985
  • Current Sale Recording Date: Mar 15, 1985
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 15, 1984
  • Previous Sale Contract Date: Feb 15, 1984
  • Previous Sale Amount: $81,700
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Village of Pine Run

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$309

Below Asking

0.04%

Average Days on Market

58

Average Home Size

1978 ft²

Average Home Age

44 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: Kristin Petersen
ADAMS, CAMERON & CO., REALTORS
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# FC303984
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 117 Oak Lane built and last sold?
The property at 117 Oak Lane was built in 1979 and last sold on Mar 15, 1985 for $98,000.
How much is this home worth?
The estimated value of the home located at 117 Oak Lane is $432,033.
What are some comparable homes to 117 Oak Lane?
There are currently no comparable homes to 117 Oak Lane.
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