NOT LISTED FOR SALE

BANYAN HOUSE 1225 S Ocean Blvd Unit 705 Delray Beach, FL 33483

Estimated Value: $1,454,826 - $2,315,000

2 Beds
2.5 Baths
1,911 Sq Ft
$1,799/mo HOA Fee

Last Sold May 16, 2024

Last sale price $1,700,000 $890 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $11,757/month

30 Days on Market

Highlights

  • Ocean Front
  • Active Adult
  • Formal Dining Room
  • Fitness Center
  • Community Pool
  • 4-minute walk to Atlantic Dunes Park

About This Home

As of May 2024

Indulge in the breathtaking oceanfront views from this magnificent 2 bedroom, 2 1/2 bathroom condo in the heart of Delray Beach. A paradise awaits as every room possesses oceanfront views, seamlessly merging indoor elegance with the boundless beauty of the sea. Enjoy peace of mind with 24-hour front desk security, always ensuring your comfort and safety. Your convenience is further assured with a designated, covered parking space, adding ease to your daily routine. Step onto your private wraparound balcony and immerse yourself in the splendor of the surrounding panorama. Marvel at the glistening pool below, framed by sweeping ocean vistas stretching as far as the eye can see in every direction - a sight that promises endless moments of tranquility and awe.

Last Agent to Sell the Property

Nancy Merritt

South Florida Realty Group & Property Management L License #132172 Listed on: 03/14/2024

Last Buyer's Agent

Nancy Merritt

South Florida Realty Group & Property Management L License #132172 Listed on: 03/14/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,641

Year Built

  • Built in 1967

Lot Details

HOA Fees

  • $1,799 Monthly HOA Fees

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 1,911 Sq Ft Home
  • Formal Dining Room

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Parquet
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 12434621180000400

Community Details

Overview

  • Active Adult
  • Association fees include management, common areas, cable TV, insurance, maintenance structure, sewer, security, trash, water
  • Banyan House Condo Subdivision
  • 11-Story Property

Recreation

  • Fitness Center

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,641

Year Built

Built in 1967

Lot Details

0

HOA Fees

$1,799 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Linton Blvd to AIA, North 1 Block to Banyan House
  • Year Built: 1967
  • Entry Level: 7
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Elevator, Separate Shower, Stacked Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Concrete, Parquet
  • Living Area: 1911.0
  • Dining Room Type: Storage Room
  • Stories: 11

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1799.0
  • Community Features: Non-Gated, Pool
  • Senior Community: Yes
  • Amenities: Fitness Center, Pool
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Structure, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 12434621180000400
  • Zoning Description: RM

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5641.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
May 15, 2024
Sold by
Schmidt David W and Cornella Rendell Wilder Revocable Trust
Bought by
Jones Matthew Allen and Jones Lan Nguyen
Seller's Agent
Nancy Merritt
South Florida Realty Group & Property Management L
Buyer's Agent
Nancy Merritt
South Florida Realty Group & Property Management L
List Price
$2,100,000
Sold Price
$1,700,000
Premium/Discount to List
-$400,000
-19.05%
Views
31
Current Estimated Value
$1,796,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,707
Avg. Annual Appreciation
4.15%

Purchase Details

Closed on
Jun 30, 2021
Sold by
Wilder Cornella R
Bought by
Wilder Cornella Rendell and Cornella Rendell Wilder
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jones Matthew Allen $1,700,000 None Listed On Document
Wilder Cornella Rendell -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $1,700,000 -19.0% $890 / Sq Ft
04/14/2024 04/14/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $2,100,000 -- $1,099 / 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
2024 $5,638 $348,256 -- --
2023 $5,641 $338,113 $0 $0
2022 $5,711 $328,265 $0 $0
2021 $5,718 $318,704 $0 $0
2020 $5,678 $314,304 $0 $0
2019 $5,599 $307,238 $0 $0
2018 $5,356 $301,509 $0 $0
2017 $5,337 $295,308 $0 $0
2016 $5,361 $289,234 $0 $0
2015 $5,503 $287,223 $0 $0
2014 $5,536 $284,943 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Nancy Merritt

    South Florida Realty Group & Property Management L

    (561) 789-7982

    2 in this area

    9 Total Sales

    Nancy Merritt
    Section Image
See All Agents

About BANYAN HOUSE

Map

Source: BeachesMLS

MLS Number: R10968777

BeachesMLS

APN: 12-43-46-21-18-000-0400

Florida Palm Beach County Delray Beach 33483

1225 S Ocean Blvd Unit 705, Delray Beach, FL

This home is located at 1225 S Ocean Blvd Unit 705, Delray Beach, FL 33483 since 14 March 2024 and is currently estimated at $1,796,707, approximately $940 per square foot. This property was built in 1967. 1225 S Ocean Blvd Unit 705 is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes