13 days on rocket

300 S Orange St, New Smyrna Beach, FL, 32168

$575,000

Home List Price

$6,828*

Closing Credit

0 Baths
2,661 SqFt
$216/SqFt
Multi
Schools Nearby

Location

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300 S Orange St, New Smyrna Beach$575,000

Buyer Closing Credits

$6,828*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1912
HeatingWindow Unit(s)
CoolingZoned, Other, Wall/Window Unit(s)
MLS #NS1081242
Lot Size0.09 Acres
StatusActive

About 300 S Orange St

**Investment Opportunity: Short-term rental and MIXED USE zoning. Partially Updated 1920s Multi-Family Property in the Downtown Canal Street Historic District of New Smyrna Beach, Florida. Discover the potential of this unique multi-family dwelling originating from the vibrant 1920s, located in the sought-after downtown district of a thriving beach community. This property blends historical charm with partial modern updates, offering a solid foundation for future enhancements and significant rental income possibilities. **Property Features:** - **Four Rental Units with a mix of one- and two-bedroom apartments, catering to a diverse rental market. There are three units in the main dwelling. Unit 1: Fully updated in 2018, has one bedroom and one bathroom. Unit 2 is the entire 2nd floor (unfinished) and boasts two bedrooms and two full bathrooms with clawfoot tubs. Unit 3 has one-two bedrooms and one bathroom. Unit 4 which is an efficiency unit that was fully renovated in 2018. - **Partial Updates Completed:** The current owners have invested over $100k in property upgrades, to include an entire roof replacement and reinforced foundation. Two of the four rental units have been renovated featuring new floors, updated bathrooms, and newer appliances. These enhancements have been designed to retain the historic charm while providing the conveniences that today’s tenants demand. - **Exterior and Unit Upgrades Needed:** The property requires further updates to two units and some cosmetic improvements to the exterior, presenting a fantastic opportunity for an investor to add value and maximize return on investment. - **Community and Outdoor Spaces:** Tenants can enjoy the communal outdoor areas and the proximity to local amenities including parks, shops, and dining. 2 blocks from bustling Canal Street and 1.9 miles from the beach! - **Investment with Upside:** With its prime location and partial updates, this property is ideally positioned for an investor looking to capitalize on the booming rental market in a beach community. This property could also pair well with the proximity of the hospital as a housing option for traveling medical staff. The potential for future rent increases post-renovation makes this an appealing option for those looking to expand their portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1912
  • Living Area: 2,661 SqFt

Listing Office:

  • Office Name: SMITH REALTY AND ASSOC INC
  • Listing Agent: Keeley Ownby

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate, Luxury Vinyl, Tile, Vinyl, Wood
  • Interior: Ninguno

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Sidewalk

Virtual/3D Tour

  • Virtual Tour: 300 S Orange St

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Window Unit(s)
  • Cooling: Zoned, Other, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • New Smyrna Beach High School, Public District Grades 9-12
  • New Smyrna Beach Middle School, Public District Grades 6-8
  • Read-Pattillo Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: 44 East to Palmetto, turn left onto Palmetto, left onto Douglas. The property is located on the corner of Orange and Douglas.

Price Information

Listing Price Info

Price Summary:

  • List Price: $575,000
  • Price Per SqFt: $216/SqFt

Tax Information:

  • Annual Amount: $2,614
  • Tax Year: 2020
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Housing Market Comparison

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

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New Smyrna Beach, FL

City

Med. Sold Price

$435K

Med. Price/SqFt

$290

Avg. Days On Market

66

# of Sold Homes

117

300 S Orange St vs New Smyrna Beach

13 DAYS ON ROCKET

-53 Days

$575,000

+$139.9K More

$216/SqFt

-$74 Less

KEY TAKEAWAY

This property is $139.9K more than the Median Sold Price and $74/SqFt less than other homes in New Smyrna Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #NS1081242

Listing Office:

  • Office Name: SMITH REALTY AND ASSOC INC
  • Listing Agent: Keeley Ownby

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: 5/2/2024, 4:19:40 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

Jun 03, 2014Home Sold
$225,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,614$141,603
2019$2,698$140,914
2018$2,680$142,051
2017$1,122$99,206

History based on county public records data.

Payment Calculator

$2,937

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,790

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-4811082
6
/10

  • Read-Pattillo Elementary School

  • 400 6th St

  • 0.78 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4811083
3
/10

  • New Smyrna Beach Middle School

  • 1200 S Myrtle Ave

  • 1.18 miles

  • Public District Grades 6-8

High School

school-card-donut-4811084
4
/10

  • New Smyrna Beach High School

  • 1015 10th St

  • 1.31 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,953. Residents of New Smyrna Beach, FL typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Volusia County›New Smyrna Beach›32168›300 S Orange St

This home is located at 300 S Orange St in New Smyrna Beach, FL and zip code 32168. This 2,661 square foot home, which was built in 1912, sits on a 0.09 acre lot. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $575,000.

Over 5 listings were sold over their listed price in April 2024 in New Smyrna Beach, FL. In the same period over 91 listings were sold below the listed price and 21 listings were sold for the listed price. In April 2024 in New Smyrna Beach, FL there were 6.5% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $435,078, while the average time on the real estate market was 66 days.

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

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