$1,323,000
SOLD DEC 21, 2020

139 SE 7th Ave Delray Beach, FL 33483

Downtown Delray Beach Neighborhood
-- Bed
-- Bath
6,560 Sq Ft
0.33 Acres

Recently Sold

$202 Per Sq Ft

17% Below List Price

25 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Jalousie or louvered window
  • 14,252 Sq Ft lot
  • Screened Porch
  • 4-minute walk to Veterans Park

About This Home

As of March 2022

Unique investment opportunity in east Delray Beach, one block east of US-1 / Federal Highway, one block west of intracoastal and less than two blocks south of Atlantic Avenue. The Property is a combination of 2 parcels located at: 139 SE 7th Avenue, Delray Beach, FL 33483 (PCN 12-43-46-16-01-126-0180); and 143 SE 7th Avenue, Delray Beach, FL 33483 (PCN 12-43-46-16-01-126-0170), and contains of a total of 4 buildings with 7 total separate units, in a garden setting. There are 5 units which each have 2 bedrooms/1 bathroom with kitchen, great room, etc. There are 2 units which each have 1 bedroom/1 bathroom with kitchen, great room, etc. Each unit has a separate entrance, is separately metered with FPL and cable ready. Rental property and currently occupied. LOCATION LOCATION LOCATION.

Last Agent to Sell the Property

Derek Schwartz

Esquire Realty Advisors LLC License #3302252 Listed on: 10/26/2020

Last Buyer's Agent

Derek Schwartz

Esquire Realty Advisors LLC License #3302252 Listed on: 10/26/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,344

Year Built

  • Built in 1968

Lot Details

  • 0.33 Acre Lot
  • Fenced
  • Interior Lot

Property Views

  • Water
  • Garden

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 6,560 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Jalousie or louvered window
  • Bay Window
  • Sliding Windows
  • Screened Porch

Flooring

  • Wood
  • Concrete
  • Terrazzo

Outdoor Features

  • Open Patio
  • Shed

Schools

  • Atlantic Technical High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434616011260180 And 1243461601126017

Community Details

Overview

  • 2 Units
  • Marina Historic District Subdivision

Building Details

  • Operating Expense $32,900
  • Net Operating Income $66,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,344

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: *Property listed here for sale consists of two (2) adjacent parcels located at 139 SE 7th Avenue, Delray Beach, FL 33483 and 143 SE 7th Avenue, Delray Beach, FL 33483. They are being sold together.
  • Year Built: 1968
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Bay Window
  • Flooring: Concrete, Terrazzo, Wood
  • Living Area: 6560.0
  • Window Features: Jalousie, Sliding

Exterior Features

  • Exterior Features: Enclosed Porch, Fence, Porch, Shed
  • View: Garden, Other, Water
  • Lot Features: Interior Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Wood Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Open, Porch, Screened
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • 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

Schools

  • High School: Atlantic Technical

Lot Info

  • Parcel #: 12434616011260180 And 1243461601126017
  • Lot Size Sq Ft: 14252.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 66100.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 32900.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 25344.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2022
Closed on
Mar 2, 2022
Sold by
Cts Florida Property Iii Llc
Bought by
139-143 Se 7Th Avenue Llc
Seller's Agent
Kathleen Scully
Douglas Elliman
Buyer's Agent
Maria Heckendorn
Coldwell Banker Realty /Delray Beach
List Price
$2,995,000
Sold Price
$2,680,000
Premium/Discount to List
-$315,000
-10.52%
Current Estimated Value
$2,331,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$348,379
Avg. Annual Appreciation
-4.07%

Purchase Details

Listed on
Jan 11, 2022
Closed on
Jan 14, 2022
Sold by
Cts Florida Property Iii Llc
Bought by
Cts Florida Property Iii Llc
Seller's Agent
Kathleen Scully
Douglas Elliman
Buyer's Agent
Maria Heckendorn
Coldwell Banker Realty /Delray Beach
List Price
$2,995,000
Sold Price
$2,680,000
Premium/Discount to List
-$315,000
-10.52%

Purchase Details

Closed on
Sep 20, 2021
Sold by
Cts Florida Property Iii Llc
Bought by
Cts Florida Property Iii Llc

Purchase Details

Listed on
Oct 26, 2020
Closed on
Dec 18, 2020
Sold by
Tierra Delray Llc
Bought by
Cts Florida Property Iii Llc
Seller's Agent
Derek Schwartz
Esquire Realty Advisors LLC
Buyer's Agent
Derek Schwartz
Esquire Realty Advisors LLC
List Price
$1,599,999
Sold Price
$1,323,000
Premium/Discount to List
-$276,999
-17.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.54%

Purchase Details

Closed on
May 12, 2010
Sold by
Perks Lapaula
Bought by
Tierra Delray Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.06%
Mortgage Type
Balloon

Purchase Details

Closed on
May 11, 2010
Sold by
Born Roxanne
Bought by
Tierra Delray Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.06%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 13, 2005
Sold by
Perks Lapaula and Born Roxanne
Bought by
Perks Lapaula and Born Roxanne

Purchase Details

Closed on
Jan 27, 2001
Sold by
Perks Lapaula and Born Roxanne
Bought by
Perks Lapaula
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $2,680,000 Kennedy & Kennedy Pl
Warranty Deed $2,680,000 None Listed On Document
Quit Claim Deed -- Kennedy & Kennedy Pl
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- Kennedy & Kennedy Pl
Interfamily Deed Transfer -- Accommodation
Warranty Deed $1,323,000 Attorney
Special Warranty Deed $300,000 Imperial Title Llc
Quit Claim Deed -- Imperial Title Llc
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2022 03/02/22 Sold $2,680,000 -10.5% $447 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $2,995,000 +126.4% $499 / Sq Ft
12/21/2020 12/21/20 Sold $1,323,000 -17.3% $202 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
10/26/2020 10/26/20 For Sale $1,599,999 -- $244 / 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 $45,457 $2,464,669 -- --
2023 $47,865 $2,499,339 $1,875,500 $623,839
2022 $19,264 $814,195 $0 $0
2021 $15,461 $740,177 $435,000 $305,177
2020 $12,992 $743,087 $525,000 $218,087
2019 $12,162 $696,880 $475,000 $221,880
2018 $10,858 $642,585 $468,302 $174,283
2017 $10,100 $581,502 $407,219 $174,283
2016 $9,676 $371,682 $0 $0
2015 $8,992 $337,893 $0 $0
2014 $8,484 $307,175 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Scully

    Seller's Agent in 2022

    Kathleen Scully

    Douglas Elliman

    (303) 513-9718

    2 in this area

    15 Total Sales

    Kathleen Scully
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Michelle Yales

    Douglas Elliman

    (954) 263-4644

    19 in this area

    66 Total Sales

    Michelle Yales
    Section Image

  • M

    Buyer's Agent in 2022

    Maria Heckendorn

    Coldwell Banker Realty /Delray Beach

    (949) 922-5743

    4 in this area

    25 Total Sales

    Maria Heckendorn
    Section Image
  • Derek Schwartz

    Seller's Agent in 2020

    Derek Schwartz

    Esquire Realty Advisors LLC

    (561) 302-0009

    7 in this area

    21 Total Sales

    Derek Schwartz
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10666212

BeachesMLS

APN: 12-43-46-16-01-126-0180

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

139 SE 7th Ave, Delray Beach, FL

This home is located at 139 SE 7th Ave, Delray Beach, FL 33483 and is currently priced at $1,323,000, approximately $201 per square foot. This property was built in 1968. 139 SE 7th 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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