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501 Leeway Trail, Ormond Beach, FL 32174

$793,000
Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 7,239 Lot Size (sq. ft.): 260,053 Status: Closed
Current Price: $793,000 List Date: 10/26/2021 Last Modified: 9/19/2024

Description

EQUITY OPPORTUNITY in this quiet, 6-acre country estate in West Ormond Beach. Update this one of a kind property to your own taste and restore it to its full potential! All big ticket items are newer: roofs (2017, 2021, 2021), main AC 2021, pool pump 2021, deep water well 2017, water softener 2019. Just bring an eye for cosmetic updates. As you pull in to the oak, elm and maple tree-covered, fully-irrigated front property, you'll see the 3/3 main house to your right with an enclosed in-ground pool fully equipped for a hot tub, a two-story apartment building once used to house the owner's parents and grandchildren and, finally, a 2-car oversized 32x35 garage with attached workshop. These are not your average ''apartments'' either - each is a FULL 1/1 with living room, bedroom,

Supplements: walk-in closet, full bath, laundry room, eat-in kitchen and balcony. Once used as family living quarters, the apartments are now used to generate significant supplemental income. Units are each rented month-to-month at $1,500 per month with utilities included. Both units each have separate, private entrances, porch/balcony, and A/C units. The main house downstairs master is one you simply must see to believe the size! Full of natural light and leads to the master bath that includes a HUGE 10x10 walk-in closet. Access the pool from either your laundry/mud room or the master bath. Two oversized bedrooms upstairs have double closets each with their own private balconies overlooking the 6-acre property. Enclosed inground pool has been maintenanced regularly and is equipped with a brand new, energy-efficient pump. The main house and apartment building are connected by breezeways on both top and bottom floors. With just a little bit of love, the main house could be an absolute STUNNER! The entire property is fully field fenced and includes stalls, runs and pasture with man-made pond in North pasture. This setup is perfect for equestrians, those needing a separate living space, or anyone looking to supplement their income. Current owners realize almost $4,000/month in rental income! Feel free to explore Groover Creek that runs along the East boundary line of the property. With two field fenced pastures, two barns, eight stalls, five tack rooms, a wash pad with cross ties, and a full bath in the back barn, this property is an equestrian's dream. All information intended to be accurate but is not guaranteed.

More Information MLS# 1089112

General Property Information

Lot Size Acres: 5.97 Lot Size Dimensions: 5.97 acres Living Area: 4977 Association YN: No Direction Faces: Northwest Directions: From Williamson & SR40: W on SR40; R on Tymber Creek Rd; L on Airport Rd; R on Leeway Trl; House is on R side Public Remarks: EQUITY OPPORTUNITY in this quiet, 6-acre country estate in West Ormond Beach. Update this one of a kind property to your own taste and restore it to its full potential! All big ticket items are newer: roofs (2017, 2021, 2021), main AC 2021, pool pump 2021, deep water well 2017, water softener 2019. Just bring an eye for cosmetic updates. As you pull in to the oak, elm and maple tree-covered, fully-irrigated front property, you'll see the 3/3 main house to your right with an enclosed in-ground pool fully equipped for a hot tub, a two-story apartment building once used to house the owner's parents and grandchildren and, finally, a 2-car oversized 32x35 garage with attached workshop. These are not your average ''apartments'' either - each is a FULL 1/1 with living room, bedroom, Water Body Access YN: No Homestead YN: Yes List Price/SqFt: 160.28 Sold Price/SqFt: 159.33 Bedrooms Total: 5 Bathrooms Full: 5 Bathrooms Total: 6 Year Built: 1982

Contract Information

Property Attached YN: No Current Price: $793,000 Property Sub Type: Single Family Residence Status: Closed Sold Price: $793,000 Listing Contract Date: 2021-10-01

Currently Not Used

Bedrooms Total: 5 Bathrooms Full: 5 Bathrooms Half: 1 Bathrooms Total: 6 Living Area Source: Appraiser Building Area Total: 7239 Year Built: 1982 Garage YN: Yes Garage Spaces: 2 Carport YN: No Pool Private YN: Yes

Location, Tax, and Legal

Country: US Parcel Number: 4114-00-00-0081 Tax Annual Amount: 5055 Tax Year: 2020 Tax Legal Description: 14 14 31 S 316.44 FT OF N 2703.51 FT OF E 821.17 FT PER OR 3812 PG 2479 EXC 50 PC SUBSURFACE RIGHTS

View

Canal: 1

Appliances

Dishwasher: 1 Electric Range: 1 Refrigerator: 1 Water Softener Owned: 1 Water Softener Rented: 1

Association Amenities

Stable(s): 1

Construction Materials

Stucco: 1

Cooling

Central Air: 1

Current Use

Horses: 1

Exterior Features

Balcony: 1 Other: 1

Fencing

Fenced: 1

Fireplace Features

Other: 1

Flooring

Carpet: 1 Laminate: 1 Tile: 1

Levels

Two: 1

Lot Features

Agricultural: 1

Parking Features

Additional Parking: 1 Detached: 1 RV Access/Parking: 1

Pool Features

In Ground Private: 1

Road Frontage Type

Private Road: 1

Roof

Metal: 1 Shingle: 1 Other: 1

Sewer

Septic Tank: 1

Smart Home Features

Irrigation: 1

Water Source

Well: 1

Waterfront Features

Canal Front: 1

Patio And Porch Features

Front Porch: 1 Patio: 1 Porch: 1 Rear Porch: 1

Interior Features

Ceiling Fan(s): 1

Historical Information

Public Historical Remarks 1: Occupancy: Owner, Tenant; 1st Floor: Slab; Acreage: 5 - 10; Inside: 1 Bedroom Down, Inside Laundry; Parking: Oversized; SqFt - Total: 7239.00; Mortgage: Yes

Room Types

Bedroom 1: 1 Bedroom 1 Level: M Bedroom 2: 1 Bedroom 2 Level: U Bedroom 3: 1 Bedroom 3 Level: U Dining Room: 1 Dining Room Level: M Kitchen: 1 Kitchen Level: M Living Room: 1 Living Room Level: M

Location Tax and Legal

Street Number: 501 Street Name: Leeway Street Suffix: Trail County: Volusia State: FL Postal Code: 32174 MLS Area Major: 48 - Ormond Beach W of 95, N of 40

Status Change Information

Major Change Timestamp: 2022-04-04T16:29:41Z Major Change Type: Status Change Price Change Timestamp: 2021-12-12T15:40:52Z Purchase Contract Date: 2022-01-12 Close Date: 2022-04-01 Close Price: 793000

Property Features

Levels: Two Appliances: Dishwasher; Electric Range; Refrigerator; Water Softener Owned; Water Softener Rented Fireplace Features: Other Interior Features: Ceiling Fan(s) Flooring: Carpet; Laminate; Tile Cooling: Central Air Water Source: Well Sewer: Septic Tank Smart Home Features: Irrigation Construction Materials: Stucco Exterior Features: Balcony; Other Patio And Porch Features: Front Porch; Patio; Porch; Rear Porch Pool Features: In Ground Private Roof: Metal; Shingle; Other Parking Features: Additional Parking; Detached; RV Access/Parking Lot Features: Agricultural View: Canal Waterfront Features: Canal Front Fencing: Fenced Current Use: Horses Association Amenities: Stable(s) Road Frontage Type: Private Road Room Types: Bedroom 1; Bedroom 2; Bedroom 3; Dining Room; Kitchen; Living Room

Room Information

Bedroom 1 Level: Main Length: 20.00 Length: 20.00 Width: 20.00 Width: 20.00 Remarks: Huge Master Bedroom and 10x10 walk in closet Kitchen Level: Main Length: 20.00 Length: 20.00 Width: 15.00 Width: 15.00 Remarks: Eat-in kitchen Bedroom 2 Level: Upper Length: 21.00 Length: 21.00 Width: 17.00 Width: 17.00 Remarks: HUGE 2nd floor spare with balcony Bedroom 3 Level: Upper Length: 19.00 Length: 19.00 Width: 14.00 Width: 14.00 Remarks: HUGE 2nd floor spare with balcony Dining Room Level: Main Length: 19.00 Length: 19.00 Width: 9.00 Width: 9.00 Remarks: Formal dining space open to living room Living Room Level: Main Length: 20.00 Length: 20.00 Width: 19.00 Width: 19.00 Remarks: Large with wood-burning fireplace
Listing Office: Adams, Cameron & Co., Realtors
Last Updated: September - 19 - 2024
Information deemed reliable but not guaranteed.

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