NOT LISTED FOR SALE

134 SE 1st Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $700,000 - $1,521,000

0.3 Acre
$3,527,133 Price per Acre
13,112 Sq Ft Lot

Last Sold May 22, 2023

Last sale price $5,750,000 $4,873 Per Sq Ft

Current estimated payment $7,836/month

3 Days on Market

About This Lot

As of May 2023

***Assembly of 4 parcels (130, 134, 148 Se 1st Ave and 19 Se 2nd Street) TOTAL of 0.97 Acres. Downtown Delray has been a hotspot for a number of years and new construction surrounds the area and many new developments are planned in the area. Prime opportunity to develop almost an acre in the downtown area. Over one billion in new private development in close proximity including 3 hotels, IPIC theater, 3 condo bldgs., 4 rental communities, retail and office space all within a few blocks of this site. Notably the property is a block away from the Sundy Village, the new development recently started construction and the majority of the space has been pre-leased.

Last Agent to Sell the Property

Jim Knight

The Knight Group License #271832 Listed on: 05/15/2023

Last Buyer's Agent

Jim Knight

The Knight Group License #271832 Listed on: 05/15/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,276

Lot Details

  • Corner Lot
  • Paved or Partially Paved Lot
  • Property is zoned OSSHAD

Location

  • City Lot

Community Details

  • Sundy & Cromer Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434616b40700150

Property Details

Property Type

Land

Est. Annual Taxes

$13,276

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Business
  • Property Sub Type Additional: Commercial
  • Directions: Assembly of 4 parcels (130, 134, 148 Se 1st Ave and 19 Se 2nd Street). From I-95 head east on Atlantic Ave, head south on SE 1st Ave, property is located 1.5 blocks south of Atlantic Ave.
  • Special Features: None

Exterior Features

  • Lot Features: Corner Lot, City Lot
  • Road Surface Type: Paved
  • Waterfront: No

Lot Info

  • Parcel #: 12434616b40700150
  • Development Status: Raw Land
  • Zoning Description: OSSHAD

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13276.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
May 5, 2023
Sold by
Johnson Properties Of Delray Beach Llc
Bought by
130 Se 1St Llc
Seller's Agent
Jim Knight
The Knight Group
Buyer's Agent
Jim Knight
The Knight Group
List Price
$5,750,000
Sold Price
$5,750,000
Current Estimated Value
$1,061,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,688,333
Avg. Annual Appreciation
-51.44%
Original Mortgage
$4,000,000
Outstanding Balance
$3,908,700
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$2,785,033

Purchase Details

Closed on
Sep 21, 2022
Sold by
Johnson Thomas
Bought by
Johnson Properties Of Delray Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,923
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 20, 2015
Closed on
Sep 25, 2017
Sold by
Hatcher William Thomas
Bought by
Johnson Thomas
Seller's Agent
Lynlee Fraser Glynn
Park View Realty
Buyer's Agent
Lynlee Fraser Glynn
Park View Realty
List Price
$695,000
Sold Price
$1,000,000
Premium/Discount to List
$305,000
43.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.48%
Original Mortgage
$700,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2002
Sold by
Hatcher Samuel Thomas and Hatcher Walter J
Bought by
Hatcher William Thomas
Source: Public Records

Range of Values:

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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
130 Se 1St Llc $5,750,000 None Listed On Document
Johnson Properties Of Delray Beach Llc $267,800 --
Johnson Thomas $1,000,000 Attorney
Hatcher William Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 130 Se 1St Llc $4,000,000
Previous Owner Johnson Properties Of Delray B $539,923
Previous Owner Johnson Thomas $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2023 05/22/23 Sold $5,750,000 0.0% $4,873 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $5,750,000 +475.0% $4,873 / Sq Ft
09/26/2017 09/26/17 Sold $1,000,000 +43.9% $847 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
01/20/2015 01/20/15 For Sale $695,000 -- $589 / 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 $24,607 $1,350,088 -- --
2023 $18,137 $959,028 -- --
2022 $13,276 $571,725 $0 $0
2021 $10,686 $540,000 $540,000 $0
2020 $9,678 $472,500 $472,500 $0
2019 $9,322 $450,000 $450,000 $0
2018 $9,219 $454,716 $454,716 $0
2017 $3,160 $192,472 $0 $0
2016 $3,169 $188,513 $0 $0
2015 $3,423 $187,203 $0 $0
2014 $3,442 $185,717 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Knight

    Seller's Agent in 2023

    Jim Knight

    The Knight Group

    (561) 866-8530

    1 in this area

    3 Total Sales

    Jim Knight
    Section Image
  • Lynlee Fraser Glynn

    Seller's Agent in 2017

    Lynlee Fraser Glynn

    Park View Realty

    (954) 937-7212

    1 in this area

    17 Total Sales

    Lynlee Fraser Glynn
    Section Image
  • John DOYLE

    Buyer Co-Listing Agent in 2017

    John DOYLE

    Real Broker, LLC

    (561) 358-3395

    1 in this area

    2 Total Sales

    John DOYLE
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10890759

BeachesMLS

APN: 12-43-46-16-B4-070-0150

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

134 SE 1st Ave, Delray Beach, FL

This home is located at 134 SE 1st Ave, Delray Beach, FL 33444 since 15 May 2023 and is currently estimated at $1,061,667, approximately $899 per square foot. 134 SE 1st Ave is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, 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.

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