7 months on rocket

274 Laws Ln, Ormond Beach, FL, 32174

$550,000

Home List Price

$6,531*

Closing Credit

0 Baths
1,708 SqFt
$322/SqFt
Multi

Location

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274 Laws Ln, Ormond Beach$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOff Street
Year Built1960
HeatingCentral
CoolingWall/Window Unit(s)
MLS #V4935709
Lot Size0.15 Acres
StatusActive

About 274 Laws Ln

Great New Price! Don't miss out on the incredible opportunity to acquire this remarkable triplex. Whether you choose to reside in one unit and lease the others or capitalize on renting all three for maximum returns, this property promises versatility and profitability. Each of the three units has been meticulously updated to offer impeccable living spaces. The first floor presents a unique layout featuring two bedrooms and two baths. What sets this unit apart is the ability to partition off one side, creating a secluded efficiency area ideal for an in-law suite or accommodating a multi-generational lifestyle. On the second floor, two charming apartments await, each with its own balcony, providing a cozy retreat for tenants. Despite having three separate electric meters, the seller covers all utilities and furnishings in the rent, simplifying management for tenants and ensuring good returns for the owner. This investment opportunity boasts a highly desirable business model that rarely experiences vacancies, and when available, units are swiftly filled. Licensing is already in place for this well-maintained property, with updates including a 2012 roof replacement, tankless water heaters, and pristine condition throughout. Additional amenities include on-site laundry facilities, ample off-street parking for six vehicles, and a spacious storage shed. Nestled on a generous lot in central Ormond Beach, the property offers proximity to excellent dining options, the Halifax River, and just a short drive to the beach. Come see this great investment today! There are no warranties expressed or implied. All measurements are approximate. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed. Buyers should check city zoning for rental restrictions.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Living Area: 1,708 SqFt

Listing Office:

  • Office Name: CALNAN REAL ESTATE
  • Office Phone: (386) 675-1137
  • Listing Agent: Colleen Calnan

Interior Features

Interior Information:

  • Interior: Ceiling Fans(s), Crown Molding, Ninguno

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Outbuilding(s)

Parking Information:

  • Parking: Off Street

Virtual/3D Tour

  • Virtual Tour: 274 Laws Ln
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: from Granada and US1 head south a few blocks to Laws lane on right, go to end of street

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $322/SqFt

Tax Information:

  • Annual Amount: $531
  • Tax Year: 2020
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Housing Market Comparison

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

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Ormond Beach, FL

City

Med. Sold Price

$405K

Med. Price/SqFt

$234

Avg. Days On Market

82

# of Sold Homes

49

274 Laws Ln vs Ormond Beach

222 DAYS ON ROCKET

+140 Days

$550,000

+$144.9K More

$322/SqFt

+$87 More

KEY TAKEAWAY

This property is $144.9K more than the Median Sold Price and $87/SqFt more than other homes in Ormond Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #V4935709

Listing Office:

  • Office Name: CALNAN REAL ESTATE
  • Office Phone: (386) 675-1137
  • Listing Agent: Colleen Calnan

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: 11/24/2024, 7:19:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 28, 2021Home Sold
$450,000
Jun 06, 2011Home Sold
$25,000

Tax History

YEARPROP. TAXASSESSMENT
2020$531$65,372
2019$493$58,205
2018$500$57,120
2017$516$55,945

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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-1114627
10
/10

  • Ormond Beach Elementary School

  • 100 Corbin Ave

  • 0.40 miles

  • Public District Grades PK-5

school-card-donut-1114628
4
/10

  • Beachside Elementary School

  • 100 Osceola Ave

  • 1.42 miles

  • Public District Grades KG-5

school-card-donut-1114629
7
/10

  • Tomoka Elementary School

  • 999 Old Tomoka Rd

  • 1.77 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 $35,533. Residents of Ormond Beach, FL typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Volusia County›Ormond Beach›32174›274 Laws Ln

This home is located at 274 Laws Ln in Ormond Beach, FL and zip code 32174 in the Liberia Ormondorded Map neighborhood. This 1,708 square foot home, which was built in 1960, sits on a 0.15 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $550,000.

Ormond Beach, FL housing market in October 2024 saw over 2 listings sold above listed price, more than 7 sold at listed price and over 40 sold below. Between September 2024 and October 2024, Ormond Beach, FL real estate market has seen increase in the number of listings by 4.5%. The median list price of listings available in October 2024 was $405,007, while the average time on the real estate market was 82 days.

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

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