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Sold for $520,000
  • $520,000

    311 S PALMETTO AVENUE, DAYTONA BEACH, FL 32114

    3beds
    3baths
    2,752sqft
    Triplex, Multi Family
    Built in 1940
    -- sqft lot
    $510,900 Zestimate®
    $189/sqft
    $1,733 Estimated rent

    Home value

    $510,900

    $460,000 - $572,000

    $1,733/mo

    Zestimate® history
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    What's special

    Commercial unitCommercial spaceNew plumbingNew hvacNew scenic parkNew window unitsOpen concept living
    Rare Investment opportunity to own a triplex building in the heart of Daytona Beach in a prime location. This building is one of a kind, boasting a commercial unit on the main level with the original hardwood floors. The commercial space has a large spacious floor plan with two separate rooms, a kitchenette, one handicap accessible bathroom, a back storage utility space with a washer and dryer hookup. Upstairs there are two separate apartments. Apartment A has a open concept living, with one bedroom, one bathroom, and full kitchen. Apartment B has two bedrooms, one bathroom, a full kitchen and eat-in nook. New Plumbing, New electrical throughout, Freshly painted, New HVAC in the commercial unit, New Window units with heating and cooling in the upstairs apartments. High income generating leases already in place. Located near many restaurants, shops, and the marina. Daytona Beach is in a redevelopment phase, with a new scenic park within walking distance. This area is booming with all the new businesses and remodeling going on. Commercial building, can only be financed with a commercial loan, cash, or private money loan. Owner financing available with 50% down 3/5 year balloon at 7.5% interest rate.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeremie Purdy 386-283-0741,

    KELLER WILLIAMS REALTY ATLANTIC PARTNERS (ST. AUG) 904-797-7442

    Bought with:

    Christopher Diaz, 3269960

    VERANDAH PROPERTIES INC

    Source: Stellar MLS,MLS#: FC289997MLS LogoOriginating MLS: Flagler

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Central, Other
    Cooling
    • Central Air, Other
    Features
    • None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,752 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Lighting
    Lot
    • Size: 3,002 Square Feet
    Details
    • Parcel number: 533905000143
    • Zoning: RDD2
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Block, Stucco
    • Foundation: Slab
    • Roof: Other
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: BALCOM BLK 4 DAYTONA
    HOA
    • Has HOA: No
    Location
    • Region: Daytona Beach

    Financial & listing details

    • Price per square foot: $189/sqft
    • Tax assessed value: $417,401
    • Annual tax amount: $3,768
    • Date on market: 3/18/2023
    • Cumulative days on market: 149 days
    • Listing terms: Cash,Conventional,Private Financing Available
    • Ownership: Fee Simple
    • Total actual rent: 4100
    • Tenant pays: Electricity
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/15/2023Sold$520,000-3.7%$189/sqft
    Source: Stellar MLS #FC289997 Report a problem
    8/19/2023Pending sale$540,000$196/sqft
    Source: Stellar MLS #FC289997 Report a problem
    8/10/2023Listed for sale$540,000$196/sqft
    Source: Stellar MLS #FC289997 Report a problem
    8/6/2023Pending sale$540,000$196/sqft
    Source: Stellar MLS #FC289997 Report a problem
    7/29/2023Price change$540,000-0.9%$196/sqft
    Source: Stellar MLS #FC289997 Report a problem
    7/26/2023Price change$545,000-0.9%$198/sqft
    Source: Stellar MLS #FC289997 Report a problem
    7/17/2023Price change$549,8000%$200/sqft
    Source: Stellar MLS #FC289997 Report a problem
    7/16/2023Price change$549,9000%$200/sqft
    Source: Stellar MLS #FC289997 Report a problem
    7/11/2023Price change$550,000-4.3%$200/sqft
    Source: Stellar MLS #FC289997 Report a problem
    6/26/2023Price change$575,000-0.9%$209/sqft
    Source: Stellar MLS #FC289997 Report a problem
    3/18/2023Listed for sale$580,000+144.2%$211/sqft
    Source: Stellar MLS #FC289997 Report a problem
    9/29/2021Sold$237,500+69.7%$86/sqft
    Source: Public Record Report a problem
    3/3/2020Listing removed$750
    Source: 1st Florida Realty LLC #1066132 Report a problem
    1/7/2020Listed for rent$750
    Source: 1st Florida Realty LLC #1066132 Report a problem
    11/27/2019Listing removed$750
    Source: 1st Florida Realty LLC #1062254 Report a problem
    9/17/2019Listed for rent$750
    Source: 1st Florida Realty LLC #1062254 Report a problem
    2/1/2017Sold$139,950$51/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,951 +3.9%$417,401 +4.4%
    2024$7,651 +77.9%$399,839 +77.5%
    2023$4,300 +9.5%$225,231 +10%
    2022$3,926 $204,755 +53.3%
    2021-- $133,564 -3.5%
    2020$2,817 $138,393 +6.8%
    2019$2,817 +5.2%$129,635 +6%
    2018$2,679 +2.6%$122,302 +68%
    2017$2,612 +61.6%$72,805 +7.4%
    2016$1,617 +2.5%$67,772 +5.1%
    2015$1,577 +7.3%$64,464 +7.9%
    2014$1,469 $59,759
    Find assessor info on the county website

    Neighborhood: 32114

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $510,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $510,900