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Ormond-by-the-Sea 32176 Seaside Homes
8 Seaview DRIVE
$250,000
↑ $25K (10%)
● House - Off Market

8 Seaview DRIVE

ORMOND BEACH, FL 32176
bedrooms
2 Beds
bathrooms
2 Baths
square feet
994 Ft²
$1,417
Est. Monthly
6.37%
Cap Rate

About This Property

Calling all investors!! Welcome to 8 Seaview Dr, Ormond Beach, your perfect coastal retreat! This charming 2-bedroom home, offers an unbeatable location just a short distance from the pristine sands of Ormond Beach. Enjoy peace of mind with a brand-new roof installed in 2022 and newly installed solar panels, reducing your energy costs while embracing sustainable living. The home also features an extra family room/Florida room, providing additional space for relaxation or entertaining. Whether you're looking for a vacation home, a rental investment, or a cozy year-round residence, this home offers a unique opportunity to own a piece of paradise in Ormond Beach. Don't miss out on this incredible chance to live the coastal lifestyle you've always dreamed of.
Unit Size
994 Ft²
Days on Market
42 days
Land Size
0.14 acres
Price per sqft
$277
Property Type
House
Property Taxes
$66
HOA Dues
-
Year Built
1959

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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 #NS1082009)

Price History

Date / Event Date Event Price
Aug 31, 2024 Price Increased $275,000
↑ $25K (10%)
Price Increased
Aug 15, 2024 Sold
Premium
Sold
Jul 4, 2024 Listed by WINSLOW HOMES $290,000
Listed by WINSLOW HOMES
Apr 28, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,154
  • Gross Building Area: 1,154
  • Building Area: 1,154
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,154
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEASIDE HOMES MB
  • Land Acres: 0000000142
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 117 SEASIDE HOMES MB 23 PG 185 PER OR 4428 PG 1802

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 080300

Zoning

  • Zoning: 01R4

Geography

  • Assessors Map Reference: E1-0027-34
  • Account Number: 2983396
  • Subdivision Tract Number: 05
  • Parcel: 3234-05-00-1170
  • Lot: 117
  • Meridian: SEC 34 TWN 13S RNG 32E
  • Municipality: UNINCORPORATED - NORTHEAST
  • Latitude: 29.3292
  • Longitude: -81.0597

    Address

  • Full Address: 8 Seaview Dr
  • Address - House Number: 8
  • Address - Street Name: Seaview
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Ormond Beach
  • Carrier Code: C041
  • 4-Digit Zip Code: 3551
  • Zip Code: 32176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $79,009
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.2066
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 72
  • Final Value: 351,881
  • High Value: 424,605
  • Low Value: 279,158

    Market Valuation

  • Market Total Value: $250,230
  • Market Land Value: $104,470
  • Market Improvement Value: $145,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,118

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 23, 1999
  • Current Sale Recording Date: Apr 28, 1999
  • Current Sale Price:
    Premium
  • Current 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 Seaside Homes

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$259

Below Asking

0.06%

Average Days on Market

127

Average Home Size

1004 ft²

Average Home Age

68 years

Currently For Sale

2 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 5 Seaside Drive, ORMOND BEACH, FL, 32176

$1,600 /mo

  • 2 Beds
  • 1 Bath
  • 784 ft²
5 Seaside Drive, ORMOND BEACH, FL, 32176 Listing by Nathalie Visscher

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Megan Winslow
WINSLOW HOMES
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# NS1082009
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 8 Seaview Drive built and last sold?
The property at 8 Seaview Drive was built in 1959 and last sold on Apr 23, 1999 for $54,000.
How much is this home worth?
The estimated value of the home located at 8 Seaview Drive is $0.
What are some comparable homes to 8 Seaview Drive?
There are currently no comparable homes to 8 Seaview Drive.
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