4989 S Ridgewood Ave, Port Orange, FL, 32127

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4989 S Ridgewood Ave, Port Orange$1,000,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

ParkingOff Street, Parking Lot

Year Built1956

HeatingVaries By Unit

CoolingMulti Unit(s)

WaterfrontRiver Front

ViewRiver

MLS #1115488

Lot Size0.42 Acres

StatusActive

About 4989 S Ridgewood Ave

This prime investment opportunity features six fully occupied residential units with long term tenants and room for increases. Additionally, this property offers a standalone commercial restaurant space, that adds additional income and diversification to the property. A short walk to the river, this property is located directly adjacent to the Port Orange Flea Market, and just steps from public transportation. With housing demand at an all time high, combined with it's prime location, it's a multifamily gem with a lucrative commercial component. Don't miss out on this outstanding investment.

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Property Details

Property Features

Property Information:

• Year Built: 1956
• Living Area: 3,804 SqFt

Listing Office:

• Office Name: Coldwell Banker Commercial Benchmark
• Office Phone: (386) 672-8530
• Listing Agent: Kayden Schaper, Robert Rand

Interior Features

Interior Information:

• Appliances: Refrigerator, Microwave, Electric Range, Dishwasher

Bedroom and Bathroom Information:

• Full Bathrooms: 5
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Waterfront: River Front
• View: River
• Exterior: Balcony, Other

Parking Information:

• Parking: Off Street, Parking Lot

Lot Features

Lot Information:

• Lot: Corner Lot
• Lot Size: 0.42 Acres

Utilities

Utilities Information:

• Heating: Varies By Unit
• Cooling: Multi Unit(s)

Other

Directions Information:

• Directions: Located directly adjacent to Port Orange Flea Market. South of Dunlawton on east side of US1

Price Information

Listing Price Info

Price Summary:

• List Price: $1,000,000
• Price Per SqFt: $263/SqFt

Tax Information:

• Annual Amount: $9,039
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Port Orange, FL.

Port Orange, FL

City

Med. Sold Price

$364.3K

Med. Price/SqFt

$223

Avg. Days On Market

82

# of Sold Homes

49

4989 S Ridgewood Ave vs Port Orange

40 DAYS ON ROCKET

-42 Days

$1,000,000

+$635.6K More

$263/SqFt

+$39 More

KEY TAKEAWAY

This property is $635.6K more than the Median Sold Price and $39/SqFt more than other homes in Port Orange, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Daytona
• MLS Number: #1115488

Listing Office:

• Office Name: Coldwell Banker Commercial Benchmark
• Office Phone: (386) 672-8530
• Listing Agent: Kayden Schaper, Robert Rand

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright 2024 Daytona Beach Area Association of REALTORS Multiple Listing Services. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:16:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Oct 24, 2019	Oct 24, 2019Home Sold	$615,000
Nov 20, 2003	Nov 20, 2003Home Sold	$355,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$9,039	$432,979
2019	$5,520	$240,266
2018	$5,309	$218,424
2017	$5,119	$235,909

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Volusia County›Port Orange›32127›4989 S Ridgewood Ave

This home is located at 4989 S Ridgewood Ave in Port Orange, FL and zip code 32127. This 3,804 square foot home, which was built in 1956, sits on a 0.42 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $1,000,000.

In November 2024, from all listings sold in Port Orange, FL there were more than 2 sold above asking price, over 40 sold below and more than 7 were sold right at the asked price. The number of listings in Port Orange, FL decreased by 4.5% between October 2024 and November 2024. Listings spent 82 days on the market in November 2024, and had a median list price of $364,333 during the same period.

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