3 months on rocket

1116 Madrid Ave, Daytona Beach, FL, 32114

$520,000

Home List Price

$6,175*

Closing Credit

6 Bedrooms
3 Full Baths
2,261 SqFt
$230/SqFt
House

Location

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1116 Madrid Ave, Daytona Beach$520,000

Buyer Closing Credits

$6,175*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1954
HeatingElectric
CoolingCentral Air, Zoned
Private PoolYes
MLS #S5109829
Lot Size0.31 Acres
StatusActive

About 1116 Madrid Ave

One or more photo(s) has been virtually staged. Welcome! This is your next great opportunity. Now with a new price, the seller is motivated and willing to work with a reasonable proposal. Ideal for large families or if you are looking for an investment property. This property is designed with two "mother-in-law apartment" annexes to better accommodate your family or help with additional income, offering you a unique opportunity in an unbeatable location, with its own swimming pool. The main house has 4 bedrooms, One of them can be used as an office or bonus room, and 1 bathroom, New appliances, new wood vertical blinds, New A/C. Providing a large and comfortable space for a family or group of tenants. In addition, each apartment has 1 bedroom, 1 bathroom and a kitchenette. Each apartment has its own Mini Split Air Conditioner system. Located just 10 minutes from three mayors universities in Daytona Beach (Daytona State College, Bethune-Cookman University, Embry-Riddle Aeronautical University). The property is located 7 minutes drive from the most famous beach in the world. If you are a motorsports enthusiast, the iconic Daytona International Speedway is 5 minutes away, offering world-class events throughout the year. The convenience does not end there: you will be close to a wide variety of restaurants and shopping centers, providing everything you need just steps from your door.

Property Details

Property Features

Property Information:

  • Year Built: 1954
  • Living Area: 2,261 SqFt

Listing Office:

  • Office Name: NAIM REAL ESTATE LLC
  • Listing Agent: Carlos Suarez

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator
  • Flooring Type: Tile
  • Interior: Ceiling Fans(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Garden

Virtual/3D Tour

  • Virtual Tour: 1116 Madrid Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air, Zoned

Other

Directions Information:

  • Directions: Follow I-4 E to FL-400 E, Continue on FL-400 E. Take S Nova Rd, Use the left 2 lanes to turn left onto S Nova Rd, Turn left onto South St, Turn right onto Museum Blvd, Museum Blvd turns right and becomes Tarragona Way, Turn left onto Madrid Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $520,000
  • Price Per SqFt: $230/SqFt

Tax Information:

  • Annual Amount: $1,065
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Daytona Beach, FL.

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Daytona Beach, FL

City

Med. Sold Price

$309.9K

Med. Price/SqFt

$210

Avg. Days On Market

103

# of Sold Homes

104

1116 Madrid Ave vs Daytona Beach

118 DAYS ON ROCKET

+15 Days

$520,000

+$210K More

$230/SqFt

+$20 More

KEY TAKEAWAY

This property is $210K more than the Median Sold Price and $20/SqFt more than other homes in Daytona Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #S5109829

Listing Office:

  • Office Name: NAIM REAL ESTATE LLC
  • Listing Agent: Carlos Suarez

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 12:19:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 08, 1997Home Sold
$72,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,065$97,388
2019$1,040$95,198
2018$1,041$93,423
2017$1,043$91,501

History based on county public records data.

Payment Calculator

$2,663

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,625

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3484617
2
/10

  • Turie T. Small Elementary School

  • 800 South St

  • 0.96 miles

  • Public District Grades PK-5

school-card-donut-3484618
5
/10

  • Palm Terrace Elementary School

  • 1825 Dunn Ave

  • 2.02 miles

  • Public District Grades PK-5

school-card-donut-3484619
3
/10

  • South Daytona Elementary School

  • 600 Elizabeth Pl

  • 2.56 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,480. The majority of Daytona Beach, FL residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1116 Madrid Ave

What is the listing price of this property?

The listing price of 1116 Madrid Ave property is $520,000.

What type of property is this?

The property 1116 Madrid Ave is a house located in Daytona Beach, Florida, 32114.

Is this property for sale now?

Active Listing: 1116 Madrid Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,065 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 8, 1997 for $72,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1116 Madrid Ave has 6 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1116 Madrid Ave is 2,261 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1116 Madrid Ave is 1954.

Rocket Homes›Florida›Volusia County›Daytona Beach›32114›1116 Madrid Ave

This home is located at 1116 Madrid Ave in Daytona Beach, FL and zip code 32114 in the Daytona Highlands neighborhood. This 2,261 square foot home, which was built in 1954, sits on a 0.31 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 06, 2024 and is currently priced at $520,000.

In November 2024 more than 7 listings in Daytona Beach, FL were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 82 were sold below. In November 2024 in Daytona Beach, FL there were 0.4% less homes for sale than in October 2024. In November 2024 median list price was $309,986 and the average listing age was 103 days.

From Rocket Homes Real Estate and based on county public records data.

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