NOT LISTED FOR SALE

138 SW 5th Ave Unit 1-2 Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $529,000 - $818,000

-- Bed
-- Bath
1,975 Sq Ft
$368/Sq Ft Est. Value

Last Sold November 08, 2022

Last sale price $632,500 $320 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,922/month

8 Days on Market

Highlights

  • Water Views
  • Central Heating and Cooling System
  • Fenced
  • Ceramic Tile Flooring

About This Home

As of November 2022

Fantastic Duplex built in 2003. 1 block off Atlantic Ave. Offering 3 bedrooms 2 bath with washer and dryer on both sides. Located in the high development area where you can walk to everything Delray Beach has to offer. Major development plan scheduled for 3 blocks west of this property. Perfect for first time investors or seasoned veterans, don't let this property pass you by... call the King today!

Last Agent to Sell the Property

Cole Leavitt

CPRE Organization Inc License #3238799 Listed on: 10/12/2022

Last Buyer's Agent

Frances Petti

LoKation License #3449965

LoKation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,095

Year Built

  • Built in 2003

Lot Details

  • 7,439 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,975 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Water Views

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434616010220270

Community Details

Overview

  • 2 Units
  • Delray Town Of Subdivision

Building Details

  • Operating Expense $12,444
  • Net Operating Income $23,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,095

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Take 95 to Atlantic ave. East of 95 to SW 5 th ave make right to property on the right
  • Year Built: 2003
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1975.0

Exterior Features

  • Exterior Features: Fence
  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 12434616010220270
  • Lot Size Sq Ft: 7439.0
  • Zoning Description: RM(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 23556.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 12444.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5095.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Nov 9, 2022
Sold by
Delray Villas Llc
Bought by
Sanzen Michael and Begasse Kenneth
Seller's Agent
Cole Leavitt
CPRE Organization Inc
Buyer's Agent
Frances Petti
LoKation
List Price
$659,000
Sold Price
$632,500
Premium/Discount to List
-$26,500
-4.02%
Total Days on Market
8
Views
12
Current Estimated Value
$726,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,195
Avg. Annual Appreciation
5.48%

Purchase Details

Closed on
Aug 1, 2012
Sold by
Reichel Michael I and Reichel Matthew C
Bought by
Delray Villas Llc

Purchase Details

Closed on
May 29, 2012
Sold by
Us Bank National Association
Bought by
Reichel Michael I and Reichel Matthew C

Purchase Details

Closed on
Oct 7, 2011
Sold by
Baptiste Alfred
Bought by
Us Bank National Association

Purchase Details

Closed on
Jun 26, 2003
Sold by
Prime Property Of The Palm Beaches Inc
Bought by
Baptiste Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,490
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage
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
Sanzen Michael $632,500 Horizon Title Services
Delray Villas Llc -- Attorney
Reichel Michael I $91,900 Shore To Shore Title Inc
Us Bank National Association $77,200 None Available
Baptiste Alfred $216,100 Southeastern Alliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baptiste Alfred $308,000
Previous Owner Baptiste Alfred $216,000
Previous Owner Baptiste Alfred $194,490
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2022 11/08/22 Sold $632,500 -4.0% $320 / Sq Ft
10/21/2022 10/21/22 Pending -- -- --
10/12/2022 10/12/22 For Sale $659,000 -- $334 / 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 $10,342 $551,778 -- --
2023 $10,012 $513,530 $175,960 $337,570
2022 $5,745 $232,744 $0 $0
2021 $5,095 $289,928 $62,500 $227,428
2020 $4,603 $249,674 $58,000 $191,674
2019 $4,367 $241,359 $53,000 $188,359
2018 $3,868 $215,895 $54,232 $161,663
2017 $3,601 $194,624 $36,155 $158,469
2016 $3,422 $131,377 $0 $0
2015 $2,994 $119,434 $0 $0
2014 $2,779 $108,576 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cole Leavitt

    Seller's Agent in 2022

    Cole Leavitt

    CPRE Organization Inc

    (866) 792-6163

    6 in this area

    52 Total Sales

    Cole Leavitt
    Section Image

  • F

    Buyer's Agent in 2022

    Frances Petti

    LoKation

    (561) 809-3209

    12 in this area

    31 Total Sales

    Frances Petti
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10838156

BeachesMLS

APN: 12-43-46-16-01-022-0270

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

138 SW 5th Ave Unit 1-2, Delray Beach, FL

This home is located at 138 SW 5th Ave Unit 1-2, Delray Beach, FL 33444 since 12 October 2022 and is currently estimated at $726,695, approximately $367 per square foot. This property was built in 2003. 138 SW 5th Ave Unit 1-2 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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