NOT LISTED FOR SALE

124 SW 8th Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $606,127 - $957,000

-- Bed
4 Baths
2,688 Sq Ft
$299/Sq Ft Est. Value

Last Sold December 14, 2015

Last sale price $225,000 $84 Per Sq Ft

Est. 258% increase in value since last sale

Current estimated payment $5,258/month

19 Days on Market

Highlights

  • Interior Lot
  • Terrazzo Flooring
  • 2-minute walk to Dr Rev JWH Thomas Jr Park
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2015

As-Is Cash Investment Opportunity in Sought After Delray Beach. 3 of 4 units are vacant. All units need updating.

Last Agent to Sell the Property

Tammy Anderson

BrightStar Real Estate Group License #532388 Listed on: 10/25/2015

Last Buyer's Agent

Tammy Anderson

BrightStar Real Estate Group License #532388 Listed on: 10/25/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,951

Year Built

  • Built in 1966

Lot Details

  • 6,788 Sq Ft Lot
  • Interior Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,688 Sq Ft Home
  • 2-Story Property

Flooring

  • Parquet
  • Terrazzo

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Total Actual Rent $36,000
  • Rent includes electricity, water
  • Assessor Parcel Number 12434617380000430

Community Details

Overview

  • 4 Units
  • Lincoln Park Subdivision

Building Details

  • Operating Expense $7,635
  • Net Operating Income $28,365

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,951

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: One and a half blocks South of Atlantic Avenue on SW. 8th AVE. West side of street
  • Year Built: 1966
  • Unit Levels: Two
  • Building Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Parquet, Terrazzo
  • Living Area: 2688.0

Exterior Features

  • Lot Features: Interior Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Water
  • Senior Community: No

Lot Info

  • Parcel #: 12434617380000430
  • Lot Size Sq Ft: 6788.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 28365.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 7635.0
  • Total Actual Rent: 36000.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2951.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2015
Closed on
Dec 11, 2015
Sold by
Farrington Charlene
Bought by
5 Ocean Properties Llc
Seller's Agent
Tammy Anderson
BrightStar Real Estate Group
Buyer's Agent
Tammy Anderson
BrightStar Real Estate Group
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Total Days on Market
19
Current Estimated Value
$804,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$579,709
Avg. Annual Appreciation
16.29%
Original Mortgage
$100,000
Outstanding Balance
$81,922
Interest Rate
4%
Mortgage Type
Seller Take Back
Estimated Equity
$857,199
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
5 Ocean Properties Llc $242,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5 Ocean Properties Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2015 12/14/15 Sold $225,000 -2.2% $84 / Sq Ft
11/14/2015 11/14/15 Pending -- -- --
10/25/2015 10/25/15 For Sale $230,000 -- $86 / 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 $8,884 $412,048 -- --
2023 $8,426 $374,589 $175,960 $331,649
2022 $7,384 $340,535 $0 $0
2021 $6,730 $311,265 $62,500 $248,765
2020 $6,252 $289,355 $58,000 $231,355
2019 $5,898 $277,125 $53,000 $224,125
2018 $5,165 $232,590 $54,232 $178,358
2017 $4,828 $211,540 $36,155 $175,385
2016 $4,568 $193,440 $0 $0
2015 $3,140 $113,688 $0 $0
2014 $2,951 $103,353 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tammy Anderson

    BrightStar Real Estate Group

    11 Total Sales

    Tammy Anderson
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10178903

BeachesMLS

APN: 12-43-46-17-38-000-0430

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

124 SW 8th Ave, Delray Beach, FL

This home is located at 124 SW 8th Ave, Delray Beach, FL 33444 since 25 October 2015 and is currently estimated at $804,709, approximately $299 per square foot. This property was built in 1966. 124 SW 8th Ave is a home located in Palm Beach County with nearby schools including Plumosa School of the Arts, Carver Middle School, and Atlantic 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