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Ormond-by-the-Sea 32176 Rivocean
16 Rivocean DRIVE
$319,000
● House - Off Market

16 Rivocean DRIVE

ORMOND BEACH, FL 32176
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,212 Ft²
$351,444
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

When Location Matters! Enjoy the Florida Lifestyle in this 2-bedroom 2 bath Bungalow located in the sought-after area of Ormond by the Sea!! Located on one of the most desired streets and only 8 houses away from the Atlantic Ocean, come experience all that Ormond Beach has to offer! This 1200 Sq Feet home has beautiful Terrazzo flooring and has been recently painted on the inside. Large 1 Car garage with Utility area and fully fenced back yard. Roof (2018) , AC (2015) . With just a little TLC, this is the perfect opportunity to enjoy Beachside Living
Unit Size
1,212 Ft²
Days on Market
30 days
Land Size
0.18 acres
Price per sqft
$263
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (Stellar MLS #FC273057)

Price History

Date / Event Date Event Price
Jan 6, 2022 Sold
Premium
Sold
Nov 30, 2021 Listed by CENTURY 21 SUNDANCE REALTY $319,000
Listed by CENTURY 21 SUNDANCE REALTY
Mar 27, 2006 Sold
Premium
Sold
Sep 15, 1977 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 260
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,024
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 680
  • Total Building Area: 1,563
  • Gross Building Area: 1,563
  • Building Area: 1,303
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,303
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVOCEAN SUB MB
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 61 RIVOCEAN SUB MB 19 PG 153 PER OR 1927 PG 964 PER OR 5793 PG 4420 PER OR 8183 PG 2994

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 080202

Zoning

  • Zoning: 01R4

Geography

  • Assessors Map Reference: E1-0027-34
  • Account Number: 2992620
  • Subdivision Tract Number: 04
  • Parcel: 3241-04-00-0610
  • Lot: 61
  • Meridian: SEC 41 TWN 13S RNG 32E
  • Municipality: UNINCORPORATED - NORTHEAST
  • Latitude: 29.3378
  • Longitude: -81.0633

    Address

  • Full Address: 16 Rivocean Dr
  • Address - House Number: 16
  • Address - Street Name: Rivocean
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Ormond Beach
  • Carrier Code: C004
  • 4-Digit Zip Code: 3224
  • Zip Code: 32176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $600,104
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 438,213
  • High Value: 521,802
  • Low Value: 354,625

    Market Valuation

  • Market Total Value: $329,338
  • Market Land Value: $142,800
  • Market Improvement Value: $186,538

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,338
  • Assessed Land Value: $142,800
  • Assessed Improvements Value: $186,538

    Sales

  • Current Sale Contract Date: Dec 29, 2021
  • Current Sale Recording Date: Jan 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4114
  • Previous Sale Recording Date: Mar 27, 2006
  • Previous Sale Contract Date: Mar 22, 2006
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 71
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 Rivocean

Stats & Trends

Median Asking:

$404,900

Sale Price/ft²

$272

Below Asking

0.04%

Average Days on Market

84

Average Home Size

1421 ft²

Average Home Age

69 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

Unit for rent at 2700 Ocean Shore Boulevard, Ormond Beach, FL, 32176

$1,845 /mo

  • 2 Beds
  • 2 Baths
  • 1,025 ft²
2700 Ocean Shore Boulevard #103, Ormond Beach, FL, 32176 Listing by JASON WOJCIK

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Terri Hewitt
CENTURY 21 SUNDANCE REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# FC273057
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 16 Rivocean Drive built and last sold?
The property at 16 Rivocean Drive was built in 1957 and last sold on Dec 29, 2021 for $319,000.
How much is this home worth?
The estimated value of the home located at 16 Rivocean Drive is $0.
What are some comparable homes to 16 Rivocean Drive?
There are currently no comparable homes to 16 Rivocean Drive.
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