136 Via Madrid DRIVE, Ormond Beach, FL, 32176 | $456,000

Coastal gem nestled in between the Atlantic Ocean and the Intracoastal in desirable Ormond by the Sea. Newly built in 2021, this home comes with a Home Warranty putting your mind at ease. Let this low maintenance home work for you, short term rent 12X a year (once every 30 days) or rent for special events only like Bike Week, Biketoberfest, The Daytona 500 or any one of the Major events. Featuring an open floor plan, neutral tones, plantation shutters, and dimmer switches throughout, this home combines functionality with coastal elegance. Open the triple slider to extend your entertaining space into the completely fenced backyard oasis featuring beautifully laid pavers that create a seamless flow for entertainment and relaxation. The covered pergola offers shade, perfect for al fresco dining. The outdoor shower is perfect for rinsing off after a day at the beach, fishing or boating. There are endless opportunities for outdoor adventures, from kayaking, fishing, surfing or enjoying the dog park only 2 miles away. Imagine sunrises over the ocean, colorful sunsets over the Intracoastal, and gentle ocean breezes all day long.

No HOA fees or Flood Insurance required. Perfectly situated in-between two two-story homes and equipped with vinyl thermal hurricane windows and sliders, you are protected during hurricane season. Schedule your tour today.

Features

  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Year Built: 2021
  • Garage: 2-car
  • Heating: Central, Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 1,304
  • Acreage: 0.14
  • Est. Taxes: $5,852
  • Lot Desc: Street One Way
  • Appliances: Dishwasher, Dryer, Range, Range Hood, Refrigerator, Washer
  • MLS#: FC304197
  • Days on Market: 55 days
  • Website: https://www.raveis.com
    /prop/FC304197/136viamadriddrive_ormondbeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/23/2024 8:32:09 AM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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888.699.8876

Contact@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

136 Via Madrid DRIVE, Ormond Beach, FL, 32176

$456,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $364,800 $364,800 $364,800
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $488 $488 $488
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,458 $2,425 $3,076
Total Monthly Payment $3,021 $2,988 $3,639

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.