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Edgewater 32141 Cherokee Ridge
1851 Orange Tree DRIVE
$247,000
● House - Off Market

1851 Orange Tree DRIVE

EDGEWATER, FL 32141
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,739 Ft²
$243,472
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Investor opportunity to rehab this mid-century modern home a short 8 mile drive from the beach!  Don't miss out on this great well-designed home.  This 3 bedroom 2.5 bath pool home has great potential. Ideal location minutes from I-95, yet sits on a quiet street on an oversized lot with plenty of room to store your boat or RV.   Upon entering the foyer, you will see the double-sided fireplace that separates the living room from the separate dining room that is adjacent to the kitchen.  Sliding glass doors and plenty of windows provide a load of natural light.  Large bedrooms and bathrooms add to the charm of this home.  Don't miss the rare opportunity to put your stamp on this well priced home.  Call today for a private showing.
Unit Size
1,739 Ft²
Days on Market
46 days
Land Size
0.34 acres
Price per sqft
$141
Property Type
House
Property Taxes
$70
HOA Dues
-
Year Built
1960

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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: 3 years ago (Stellar MLS #O6130398)

Price History

Date / Event Date Event Price
Nov 27, 2023 Sold
Premium
Sold
Nov 23, 2023 No longer available -
No longer available
Nov 6, 2023 In contract -
In contract
Oct 13, 2023 Listed by COLDWELL BANKER REALTY $389,000
Listed by COLDWELL BANKER REALTY
Sep 12, 2023 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 10
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,739
  • Gross Building Area: 1,739
  • Building Area: 1,739
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,739
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLORIDA SHORES
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOTS 3319 3320 & 3321 BLK 58 FLORIDA SHORES NO 5 MB 23 PG 107 PER OR 4712 PG 3415 PER OR 5317 PG 0715 PER OR 7311 PG 2863 PER OR 8216 PG 2123 PER OR 8458 PG 2268

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 083006

Zoning

  • Zoning: 07R1B

Geography

  • Assessors Map Reference: E2-0041-03
  • Account Number: 3917898
  • Subdivision Tract Number: 01
  • Parcel: 8402-01-03-3190
  • Block: 58
  • Lot: 3319
  • Meridian: SEC 02 TWN 18S RNG 34E
  • Municipality: EDGEWATER
  • Latitude: 28.9669
  • Longitude: -80.9083

    Address

  • Full Address: 1851 Orange Tree Dr
  • Address - House Number: 1851
  • Address - Street Name: Orange Tree
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Edgewater
  • Carrier Code: R001
  • 4-Digit Zip Code: 3917
  • Zip Code: 32141

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $473,962
  • Tax Rate Code Area: 604

    Appraisal Valuation

  • Standard Deviation: 0.0965
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 91
  • Final Value: 378,836
  • High Value: 415,398
  • Low Value: 342,274

    Market Valuation

  • Market Total Value: $248,777
  • Market Land Value: $51,000
  • Market Improvement Value: $197,777

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,777
  • Assessed Land Value: $51,000
  • Assessed Improvements Value: $197,777

    Sales

  • Current Sale Contract Date: Nov 21, 2023
  • Current Sale Recording Date: Nov 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 239524
  • Previous Sale Recording Date: Sep 12, 2023
  • Previous Sale Contract Date: Sep 08, 2023
  • Previous Sale Amount: $247,000
  • 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 Cherokee Ridge

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

64

Average Home Size

1722 ft²

Average Home Age

37 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 2706 Kumquat Drive, Edgewater, FL, 32141

$2,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,080 ft²
2706 Kumquat Drive, Edgewater, FL, 32141 Listing by Larry L Fleckinger Jr.
Unit for rent at 2083 Edgewater Canal Road, NEW SMYRNA BEACH, FL, 32168

$2,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,568 ft²
2083 Edgewater Canal Road, NEW SMYRNA BEACH, FL, 32168 Listing by Jay Lovett

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Michael Morris
COLDWELL BANKER REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6130398
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 1851 Orange Tree Drive built and last sold?
The property at 1851 Orange Tree Drive was built in 1960 and last sold on Nov 21, 2023 for $386,000.
How much is this home worth?
The estimated value of the home located at 1851 Orange Tree Drive is $0.
What are some comparable homes to 1851 Orange Tree Drive?
There are currently no comparable homes to 1851 Orange Tree Drive.
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