NOT LISTED FOR SALE

1040 Miami Blvd Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $1,056,000 - $1,820,000

4 Beds
3 Baths
2,482 Sq Ft
$541/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $750,000 $302 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $8,053/month

14 Days on Market

Highlights

  • Garden View
  • Tile Flooring
  • Fenced
  • Boca Raton Community Middle School Rated A-
  • Central Heating and Cooling System

About This Home

As of April 2022

This tri-plex investment property offers 3 units with large lot on a quiet street, impact windows and doors with a washer and dryer in each unit. Property consists of two 2/1's and one 1/1 with private fenced in patio. Current rents are below market value. Water is included. Tenants pay their own electric. DON'T MISS THIS GREAT OPPORTUNITY!!! A very well-maintained Triplex in East Delray with plenty of parking.

Last Agent to Sell the Property

Roi Danon

CENTURY 21 Tenace Realty License #683478 Listed on: 03/14/2022

CENTURY 21 Tenace Realty

Last Buyer's Agent

Jeremy Olsher

Compass Florida LLC License #3184613

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,574

Year Built

  • Built in 1975

Lot Details

  • 0.28 Acre Lot
  • Fenced

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,482 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring
  • Garden Views

Utilities

  • Central Heating and Cooling System

Community Details

  • 3 Units
  • Silver Terrace Delray Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434621130050010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,574

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Triplex on corner of Wilson and Miami Blvd
  • Year Built: 1975
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2482.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence
  • View: Garden
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 12434621130050010
  • Lot Size Sq Ft: 12248.0
  • Zoning Description: SAD(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7574.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2024
Sold by
Olsher Jeremy M and Olsher Casey D
Bought by
Jeremy And Casey Olsher Revocable Trust
Current Estimated Value
$1,343,667

Purchase Details

Listed on
Mar 14, 2022
Closed on
Apr 26, 2022
Sold by
1040 Miami Blvd Llc
Bought by
Olsher Jeremy and Olsher Casey
Seller's Agent
Roi Danon
CENTURY 21 Tenace Realty
Buyer's Agent
Jeremy Olsher
Compass Florida LLC
List Price
$735,000
Sold Price
$750,000
Premium/Discount to List
$15,000
2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.37%
Original Mortgage
$562,500
Interest Rate
3.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 4, 2017
Closed on
Sep 19, 2017
Sold by
Shersty Paul J and Ringersen David S
Bought by
1040 Miami Blvd Llc
Seller's Agent
Cole Leavitt
CPRE Organization Inc
Buyer's Agent
Danielle Noble
Water Vista Realty, Inc.
List Price
$459,000
Sold Price
$425,000
Premium/Discount to List
-$34,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.11%

Purchase Details

Closed on
Jun 14, 2004
Sold by
Abbey Charles and Abbey Patricia Annette
Bought by
Shersty Paul J and Ringersen David S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,600
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jeremy And Casey Olsher Revocable Trust -- None Listed On Document
Jeremy And Casey Olsher Revocable Trust -- None Listed On Document
Olsher Jeremy $750,000 None Listed On Document
Olsher Jeremy $750,000 None Listed On Document
1040 Miami Blvd Llc $425,000 Attorney
1040 Miami Blvd Llc $425,000 Attorney
Shersty Paul J $167,000 Gibraltar Title & Escrow Com
Shersty Paul J $167,000 Gibraltar Title & Escrow Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsher Jeremy $562,500
Previous Owner Shersty Paul J $133,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2022 04/28/22 Sold $750,000 +2.0% $302 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $735,000 +72.9% $296 / Sq Ft
09/19/2017 09/19/17 Sold $425,000 -7.4% $171 / Sq Ft View Prior Sale
08/20/2017 08/20/17 Pending -- -- --
07/04/2017 07/04/17 For Sale $459,000 -- $185 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

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 $11,903 $660,744 -- --
2024 $11,903 $600,676 -- --
2023 $10,774 $546,069 $145,098 $400,971
2022 $8,221 $389,538 $0 $0
2021 $7,574 $354,125 $85,448 $268,677
2020 $7,636 $354,193 $85,448 $268,745
2019 $7,800 $365,772 $99,000 $266,772
2018 $6,910 $321,464 $91,806 $229,658
2017 $4,173 $200,821 $91,806 $109,015
2016 $3,878 $156,816 $0 $0
2015 $3,736 $142,560 $0 $0
2014 $3,398 $129,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roi Danon

    Seller's Agent in 2022

    Roi Danon

    CENTURY 21 Tenace Realty

    (954) 650-3768

    4 in this area

    119 Total Sales

    Roi Danon
    Section Image
  • Jeremy Olsher

    Buyer's Agent in 2022

    Jeremy Olsher

    Compass Florida LLC

    (561) 400-3737

    3 in this area

    78 Total Sales

    Jeremy Olsher
    Section Image
  • Cole Leavitt

    Seller's Agent in 2017

    Cole Leavitt

    CPRE Organization Inc

    (866) 792-6163

    5 in this area

    49 Total Sales

    Cole Leavitt
    Section Image

  • D

    Buyer's Agent in 2017

    Danielle Noble

    Water Vista Realty, Inc.

    (561) 818-7013

    4 Total Sales

    Danielle Noble
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10783830

BeachesMLS

APN: 12-43-46-21-13-005-0010

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

1040 Miami Blvd, Delray Beach, FL

Not Listed for Sale

MultiFamily

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