$1,600,000
SOLD DEC 1, 2015

1120 Ocean Terrace Delray Beach, FL 33483

4 Beds
5.5 Baths
3,302 Sq Ft
2006 Built

Recently Sold

$485 Per Sq Ft

20% Below List Price

436 Days on Market

Highlights

  • Ocean View
  • Newly Remodeled
  • Wood Flooring
  • Property has ocean access
  • Deck
  • 4-minute walk to Anchor Park

About This Home

As of September 2024

LocationOcean Terrace, Delray Beach, Florida. Just steps from the Atlantic Ocean sands, this is one of only two luxurious architect-designed townhomes on a prime property, just a couple blocks from famous Atlantic Avenue's shopping and dining.PropertyFocused on relaxed indoor/outdoor living, this Key West-inspired townhome opens to its own splash pool on a sun-dappled patio served by a cabana bath and an outdoor shower. Giving lush privacy, beautiful tropical greenery lines the entire boundary of the fenced and gated grounds.*****The information herein is deemed reliable and subject to errors, omissions or changes without notice. The information has been derived from architectural plans or county records. Buyer should verify all measurements.****SEE SUPPLEMENT FOR MORE DETAILS

Last Agent to Sell the Property

Pascal Liguori

Premier Estate Properties, Inc License #3009820 Listed on: 08/21/2014

Last Buyer's Agent

Deborah Davis

Your Home Sold Guaranteed License #3276008

Your Home Sold Guaranteed

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $21,540

Year Built

  • Built in 2006 | Newly Remodeled

Lot Details

  • North Facing Home
  • Sprinkler System

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Concrete Roof

Interior Spaces

  • 3,302 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Central Vacuum
  • Bar
  • Family Room
  • Florida or Dining Combination
  • Wood Flooring
  • Ocean Views
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 12434616220260051

Community Details

Overview

  • Beach Lots Delray Subdivision

Pet Policy

  • Pets Allowed

Security

  • Impact Glass
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$21,540

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Townhouse
  • Directions: A1A south of Atlantic Avenue
  • Year Built: 2006
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Breakfast Area, Elevator, Family/Dining Room, Bar, Walk-In Closet(s), Central Vacuum
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Wood
  • Living Area: 3302.0
  • Dining Room Type: Family Room, Laundry
  • Stories: 3
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Deck, Patio
  • View: Ocean
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Pool
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: North
  • Patio And Porch Features: Deck, Patio
  • Property Condition: New Construction
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434616220260051
  • Zoning Description: RM15

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 21540.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Sep 16, 2024
Sold by
Mazzitelli Romano Maria and Deluca Steven J
Bought by
Schroeder Geoffrey P
Seller's Agent
Lemore Zausner
Serhant
Buyer's Agent
William Martin
Coldwell Banker Realty /Delray Beach
List Price
$3,500,000
Sold Price
$3,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.81%

Purchase Details

Listed on
Apr 22, 2021
Closed on
Oct 29, 2021
Sold by
Schroeder Geoffrey P and Schroeder Jeanne M
Bought by
Romano Maria Mazzitelli and Deluca Steven J
Seller's Agent
William Martin
Coldwell Banker Realty /Delray Beach
Buyer's Agent
Lemore Zausner
Serhant
List Price
$2,850,000
Sold Price
$2,750,000
Premium/Discount to List
-$100,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$1,592,500
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2020
Closed on
Apr 5, 2021
Sold by
Civardi Stephen and Civardi Denise
Bought by
Schroeder Geoffrey P and Schroeder Jeanne M
Seller's Agent
Hartford Howell
Your Home Sold Guaranteed
Buyer's Agent
William Martin
Coldwell Banker Realty /Delray Beach
List Price
$2,500,000
Sold Price
$2,482,000
Premium/Discount to List
-$18,000
-0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.71%
Original Mortgage
$1,725,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2014
Closed on
Dec 1, 2015
Sold by
Dykeman Steven R and Dykeman Lori M
Bought by
Civardi Stephen
Seller's Agent
Pascal Liguori
Premier Estate Properties, Inc
Buyer's Agent
Deborah Davis
Your Home Sold Guaranteed
List Price
$1,995,000
Sold Price
$1,600,000
Premium/Discount to List
-$395,000
-19.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$417,000
Interest Rate
3.83%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,500,000 Florida Title & Closing
Warranty Deed $2,750,000 Attorney
Warranty Deed $2,482,000 Corporate Title Inc
Warranty Deed $1,600,000 Columbia Title Services Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,592,500 New Conventional
Previous Owner $1,725,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $350,100 Adjustable Rate Mortgage/ARM
Previous Owner $350,000 New Conventional
Previous Owner $378,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Price Changed $35,000 +94.4% $11 / Sq Ft
01/13/2025 01/13/25 Price Changed $18,000 -10.0% $5 / Sq Ft
10/30/2024 10/30/24 Price Changed $20,000 -20.0% $6 / Sq Ft
10/18/2024 10/18/24 For Rent $25,000 0.0% --
09/16/2024 09/16/24 Sold $3,500,000 0.0% $1,060 / Sq Ft
09/16/2024 09/16/24 For Sale $3,500,000 0.0% $1,060 / Sq Ft
09/16/2024 09/16/24 Rented $25,000 0.0% --
05/14/2024 05/14/24 Price Changed $25,000 -5.7% $8 / Sq Ft
04/22/2024 04/22/24 Price Changed $26,500 -5.4% $8 / Sq Ft
03/12/2024 03/12/24 Price Changed $28,000 +75.0% $8 / Sq Ft
03/12/2024 03/12/24 For Rent $16,000 0.0% --
10/29/2021 10/29/21 Sold $2,750,000 -3.5% $833 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $2,850,000 +14.8% $863 / Sq Ft
04/05/2021 04/05/21 Sold $2,482,000 -0.7% $752 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
12/05/2020 12/05/20 For Sale $2,500,000 +56.3% $757 / Sq Ft
12/01/2015 12/01/15 Sold $1,600,000 -19.8% $485 / Sq Ft
11/01/2015 11/01/15 Pending -- -- --
08/21/2014 08/21/14 For Sale $1,995,000 0.0% $604 / Sq Ft
08/08/2013 08/08/13 Rented $13,500 0.0% --
07/09/2013 07/09/13 Under Contract -- -- --
07/02/2013 07/02/13 For Rent $13,500 -- --
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
2024 $38,932 $2,128,607 -- --
2023 $38,101 $2,005,956 $546,986 $1,458,970
2022 $58,592 $3,001,984 $0 $0
2021 $20,139 $991,374 $393,108 $598,266
2020 $21,536 $1,051,412 $381,100 $670,312
2019 $21,571 $1,041,380 $370,000 $671,380
2018 $23,147 $1,142,406 $367,751 $774,655
2017 $22,554 $1,090,763 $367,751 $723,012
2016 $23,376 $1,098,893 $0 $0
2015 $21,540 $978,104 $0 $0
2014 $21,857 $977,728 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10066460

BeachesMLS

APN: 12-43-46-16-22-026-0051