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505 Shedd Lane

505 Shedd Lane, Ormond Beach, FL 32174
House in Bunnell
Sold Apr 29, 2021
$515,000
$515,000 by Fairway Independent Mortgage C
Mortgage Due May 01, 2051
Sold Jan 23, 2014
$195,000
Local assessors in Ormond Beach, FL have categorized 505 Shedd Lane as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 871,200 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 505 Shedd Lane has a total of 2,236 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a gable or hip style roof that was made of metal. Lots of concrete were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 505 Shedd Lane was last sold in Apr 23, 2021 for $515,000. According to our calculations, that's $147.78 per sqft. Prior to that sales transaction, the property was sold for $195,000 in Jan 20, 2014. Current property owners are expected to pay $6,096 in taxes per year. The property on 505 Shedd Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $455,634. To break that down further, the land itself was valued at $149,068. While improvements to the property were assessed at a total of $306,566. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Block Exterior
Stucco Exterior

Parking

Garage Parking
Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 871,200
  • Total Building Area: 3,485
  • Gross Building Area: 3,485
  • Building Area: 2,236
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,236
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 20
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 20.00 AC S 1/2 OF SE 1/4 OF NE 1/4 OR 720 PG 1229 OR 721 PG 71 OR 838 PG 144 OR 838 PG 158 OR 838 PG 164 OR 852 PG 976/BLA OR 1572/672 OR 1928/ 1075 OR 1986/1194

Ownership

  • Current Owner : COWHERD MICHAEL DAVID
  • Current Owner 2: WILCOX KRISTIN LYN
  • Previous Owner : QUINN JAMES
  • Previous Owner 2: DOTTAVIO ROBIN
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 060207

Zoning

  • Zoning: AC

Geography

  • Parcel: 08-14-31-0000-01010-0050
  • Block: 101
  • Lot: 5
  • Meridian: SEC 08 TWN 14S RNG 31E
  • Municipality: UNINCORPORATED
  • Latitude: 29.3024
  • Longitude: -81.1875

    Address

  • Full Address: 505 Shedd Ln
  • Address - House Number: 505
  • Address - Street Name: Shedd
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Ormond Beach
  • Carrier Code: R008
  • 4-Digit Zip Code: 1444
  • Zip Code: 32174

Valuation

    Tax

  • Total Area: 3,485
  • Tax Year: 2022
  • Tax Amount: $6,096
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 80
  • Final Value: 653,610
  • High Value: 756,869
  • Low Value: 550,352

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $515,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Apr 29, 2021
  • First Open Lien Mortgage Loan Amount: $515,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $455,634
  • Market Land Value: $149,068
  • Market Improvement Value: $306,566

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $455,634
  • Assessed Land Value: $149,068
  • Assessed Improvements Value: $306,566

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 23, 2021
  • Current Sale Recording Date: Apr 29, 2021
  • Current Sale Transaction ID: 11834086617
  • Current Sale Price: $515,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021023285
  • Previous Sale Recording Date: Jan 23, 2014
  • Previous Sale Contract Date: Jan 20, 2014
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Apr 29, 2021
  • First Mortgage Loan Amount: $515,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: May 01, 2051

About Flagler



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Frequently Asked Questions

What neighborhood is 505 Shedd Lane located in?
The 505 Shedd Lane is a house located in the neighborhood of Bunnell in Flagler, Ormond Beach.
What is the average sales price for listings in 505 Shedd Lane?
The average sales price for units in 505 Shedd Lane is $0 currently.

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