🏆 TOP OPPORTUNITY
Expired/Re-engagement
KEY DETAILS
Property Type
Residential
Lot Size
10,106 Sq Ft
Living Area
2,269 Sq Ft
Year Built
2011
Bedrooms / Baths
3/2
List Date
01/07/2024
Last Price Change
10/01/2024
List Price
$425,000
665 Elk River Drive, Ormond Beach, Florida 32174
Ormond Beach, FL 32174
Residential | Built 2011 | 3/2 | 2,269 Sq Ft
Property Rank
#165
of 10 Selected
Overall Score
97
/100
ELITE
Estimated Market Value
$519,061
$229 / Sq Ft
List Price
$425,000
Equity Spread
$94,061
18.1% Below Market
Discount Pct
18.1%
A Grade
Days on Market
328
Expired/Re-engagement
Investment Summary
665 Elk River Drive, Ormond Beach, Florida 32174 in Ormond Beach, Florida is priced below market based on subdivision comps and benchmark analysis. The current discount of 18.1% with 328 days on market supports a expired/re-engagement profile.
97
ELITE
LOCATION & MARKET SNAPSHOT
City
Ormond Beach
ZIP Code
32174
Subdivision
PLANTATION BAY PH 01A UNIT 01-6
Asset Class
RESIDENTIAL
Benchmark Level
Subdivision
Comp Count
5
Market Position
Below Selected Benchmark
DOM Category
High
Coordinates
29.3788430, -81.1700930
Value Breakdown
Benchmark Level
Subdivision
Estimated Market Value
$519,061
List Price
$425,000
Equity Spread
$94,061
Discount Percentage
18.1%
Confidence Level
High
Based on 5 comps using Subdivision benchmark logic.
MOTIVATION SIGNALS
Price Reduction
$74,900
15.0%
Days on Market
328 days
High
Price vs Market
18.1% Below Benchmark
Equity Potential
$94,061
IDEAL FOR
Flip
Buy & Hold
Rental
LISTING CONTACT
Agent Name
Elizabeth Kargar
Agent Phone
386-585-2904
Agent Email
EKargar@vdrinc.com
Office Name
VENTURE DEVELOPMENT REALTY, INC
Office Phone
386-366-0091
Office MLS ID
253000361