NOT LISTED FOR SALE

Estimated Value: $1,449,000 - $2,068,000

3 Beds
3 Baths
2,449 Sq Ft
1966 Built

Last Sold February 16, 2016

Last sale price $1,300,000 $531 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $11,193/month

133 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Clubhouse
  • High Ceiling
  • Mangrove Front
  • Marble Flooring
  • Furnished

About This Home

As of February 2016

Vibrant ocean, Intracoastal, and in-city views from this penthouse condo define this totally and tastefully renovated residence. Sited one block off Atlantic Avenue just East of the bridge on the Intracoastal Waterway, one can encounter sandy beaches, adventure, refinement and fun on the Avenue. Some features include impact glass, marble floors, sauna, new laundry room. Two carport spaces 19 & 20 South and one outdoor (3rd) parking space #1. It has a fully assignable lease and has 19 years remaining on the lease.
This a great opportunity for your most discerning buyer and Delray Summit is back!!!! Built in 1966, the Delray Summit has undergone extensive renovation and restoration making it the newest, upscaled, smart building in Delray Beach!
New roof (2006), new elevators (2014-1 concrete restoration (2013-14), exterior painting (2013-14), Fountain Restoration (2013-14), all common Air conditioning units, Electrical, Mechanical, and Plumbing on first floor replaced (2014-15), entire building has impact glass (2015), extensive landscaping on the two acre site (2013-15), perimeter fence and perimeter lights installed (2013-15), new Club Room (2013-15), New Fitness room under construction, each apartment in building has wireless device which can detect smoke/fire and reports it to a central station in the lobby which in turn sends signal to fire department.

Last Agent to Sell the Property

Wendy Overton

Inactive Member License #520154 Listed on: 09/14/2015

Last Buyer's Agent

MARY BETH WINDLE, LANG REALTY

Douglas Elliman License #543707

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,365

Year Built

  • Built in 1966

Lot Details

  • North Facing Home

Interior Spaces

  • 2,449 Sq Ft Home
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Combination Dining and Living Room
  • Home Security System

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Attached Carport Spaces
  • Circular Driveway
  • Guest Parking
  • Deeded Parking
  • Assigned Parking

Outdoor Features

  • Mangrove Front
  • Seawall
  • Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 12434616330000650

Community Details

Overview

  • Property has a Home Owners Association
  • 66 Units
  • Delray Summit Condo Subdivision
  • 8-Story Property

Amenities

  • Clubhouse
  • Bike Room
  • Elevator

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,365

Year Built

Built in 1966

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: East of Atlantic Bridge, north on Seabreeze, one block to Lowry, Left turn
  • Year Built: 1966
  • Carport Y N: Yes
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Entrance Foyer, Elevator, High Ceilings, Living/Dining Room, Pantry, Split Bedrooms, Storage, Tub Shower, Walk-In Closet(s)
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble
  • Living Area: 2449.0
  • Stories: 8
  • Window Features: Storm Window(s)

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: City
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Access, Mangrove, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: North
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Carport Spaces: 2.0
  • Garage Yn: No
  • Parking Features: Attached Carport, Assigned, Circular Driveway, Deeded, Driveway, Guest

Utilities

  • Laundry Features: Inside, Laundry Closet
  • Security: Security System, Fire Sprinkler System, Lobby Secured
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1497.0
  • Pets Allowed: No
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Elevator(s), Trash
  • Association: Yes
  • Pets Allowed: No
  • Common Interest: Condominium

Lot Info

  • Parcel #: 12434616330000650
  • Mobile Dim Units: Feet
  • Zoning: MULTI

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 7364.81

Multi Family

  • Number Of Units In Community: 66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2015
Closed on
Feb 15, 2016
Sold by
Shelton Thomas B
Bought by
Pepper J Stanley
Seller's Agent
Wendy Overton
Inactive Member
Buyer's Agent
MARY BETH WINDLE, LANG REALTY
Douglas Elliman
List Price
$1,550,000
Sold Price
$1,300,000
Premium/Discount to List
-$250,000
-16.13%
Current Estimated Value
$1,756,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,955
Avg. Annual Appreciation
3.03%

Purchase Details

Closed on
Jul 10, 2010
Sold by
Shelton Yvonne E and Shelton Thomas B
Bought by
Shelton Thomas B

Purchase Details

Closed on
Mar 22, 2006
Sold by
Shelton Thomas B and Shelton Yvonne E
Bought by
Shelton Thomas B

Purchase Details

Closed on
Apr 1, 2004
Sold by
Duval Lindsay and Duval Paul
Bought by
Shelton Thomas B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2001
Sold by
Reid Harry V and Reid Vivian E
Bought by
Duval Lindsay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
6.89%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pepper J Stanley $1,300,000 Attorney
Shelton Thomas B -- Attorney
Shelton Thomas B -- None Available
Shelton Thomas B $652,900 --
Duval Lindsay $375,000 Terramar Guaranty Title & Tr
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shelton Thomas B $333,700
Previous Owner Duval Lindsay $229,500
Closed Shelton Thomas B $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2016 02/16/16 Sold $1,300,000 -16.1% $531 / Sq Ft
01/17/2016 01/17/16 Pending -- -- --
09/14/2015 09/14/15 For Sale $1,550,000 -- $633 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,617 $1,373,338 -- --
2024 $24,617 $1,248,489 -- --
2023 $22,974 $1,134,990 $0 $0
2022 $21,017 $1,031,809 $0 $0
2021 $19,040 $938,008 $0 $938,008
2020 $19,369 $946,008 $0 $946,008
2019 $19,484 $941,000 $0 $941,000
2018 $19,070 $941,000 $0 $941,000
2017 $19,455 $941,000 $0 $0
2016 $7,128 $373,016 $0 $0
2015 $7,319 $370,423 $0 $0
2014 $7,365 $367,483 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10167602

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-16-33-000-0650

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