6 months on rocket

191 Lake Molly Ave, Deland, FL, 32724

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
4,012 SqFt
$124/SqFt
Multi
Schools Nearby

Location

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191 Lake Molly Ave, DeLand$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1946
HeatingNone
CoolingWall/Window Unit(s)
WaterfrontPond
MLS #O6146578
Lot Size0.94 Acres
StatusActive

About 191 Lake Molly Ave

MOTIVATED SELLER!! Potential Gross income of upwards of 20-30k per month!! Cash Cow! Incredible Opportunity to acquire an over 4,000 square foot former Adult Living Facility on approximately 1 acre of land! This solidly constructed concrete block building has 11 bedrooms and 6 bathrooms plus living areas, kitchen, and large concrete detached storage building. Options for this property abound, including returning to an ALF, creating a high cash flow rental property, applying for a rezoning/annexing to city of DeLand to do a multi-family use on the property, doing a PUD (planned urban development) project to add more buildings on to the property, or simply renovating as a massive home for a large or growing family. You could also rent out the property by room or even On Airbnb! Plans have already started on converting this back to ALF with a hefty amount of repairs being done, as well as having architecture plans done, as well as being in talks with the city about permits. All the heavy lifting has been done for you!!! Property is absolutely gorgeous with majestic live oaks, wildlife, and pond frontage all on a paved road. Perfectly located 3 miles north of Downtown Deland, 2.7 miles from Stetson University, and only 2.4 miles from the Deland Airport! Endless opportunities to cash flow on this solid deal.

Property Details

Property Features

Property Information:

  • Year Built: 1946
  • Living Area: 4,012 SqFt

Listing Office:

  • Office Name: COUNTRYWIDE REALTY PARTNERS LLC
  • Office Phone: (407) 401-8790
  • Listing Agent: Juan Vazquez

Interior Features

Interior Information:

  • Interior: Other

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Pond
  • Exterior: Other

Virtual/3D Tour

  • Virtual Tour: 191 Lake Molly Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.94 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Deland High School, Public Magnet Grades 9-12
  • Deland Middle School, Public District Grades 6-8
  • George W. Marks Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take I-4 E to FL-44 W/E New York Ave in Volusia County. Take the FL-44 W exit from I-4 E, Merge onto FL-44 W/E New York Ave, Turn right onto Blue Lake Ave, Turn right onto Jacobs Rd, Turn left onto E International Speedway Blvd, Turn right onto Hwy 17 N/N Woodland Blvd, Slight right onto SR 11, Turn right onto Lake Molly Ave, Property will be on your left

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000
  • Price Per SqFt: $124/SqFt

Tax Information:

  • Annual Amount: $3,022
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in DeLand, FL.

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DeLand, FL

City

Med. Sold Price

$344.4K

Med. Price/SqFt

$201

Avg. Days On Market

43

# of Sold Homes

100

191 Lake Molly Ave vs DeLand

207 DAYS ON ROCKET

+164 Days

$499,000

+$154.5K More

$124/SqFt

-$78 Less

KEY TAKEAWAY

This property is $154.5K more than the Median Sold Price and $78/SqFt less than other homes in DeLand, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6146578

Listing Office:

  • Office Name: COUNTRYWIDE REALTY PARTNERS LLC
  • Office Phone: (407) 401-8790
  • Listing Agent: Juan Vazquez

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.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/28/2024, 5:19:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,022$146,992
2019$3,049$138,855
2018$3,174$140,883
2017$3,292$140,743

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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.

Elementary School

school-card-donut-2451880
5
/10

  • George W. Marks Elementary School

  • 1000 N Garfield Ave

  • 1.75 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2451881
2
/10

  • Deland Middle School

  • 1400 Aquarius Ave

  • 4.61 miles

  • Public District Grades 6-8

High School

school-card-donut-2451882
5
/10

  • Deland High School

  • 800 N Hill Ave

  • 2.29 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,451. Typical income of DeLand, FL residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Volusia County›DeLand›32724›191 Lake Molly Ave

This home is located at 191 Lake Molly Ave in Deland, FL and zip code 32724. This 4,012 square foot home, which was built in 1946, sits on a 0.94 acre lot. It has been listed on Rocket Homes since October 03, 2023 and is currently priced at $499,000.

While more than 15 listings in DeLand, FL in March 2024 were sold above asking price, there were more than 22 listings sold at asking price, and more than 63 were sold below. Between February 2024 and March 2024, DeLand, FL real estate market has seen increase in the number of listings by 7.7%. The median list price of listings available in March 2024 was $344,408, while the average time on the real estate market was 43 days.

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

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