NOT LISTED FOR SALE

148 SE 1st Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $2,667,000 - $2,971,000

3 Beds
2 Baths
1,100 Sq Ft
$2,593/Sq Ft Est. Value

Last Sold January 12, 2018

Last sale price $740,000 $673 Per Sq Ft

Est. 285% increase in value since last sale

Current estimated payment $16,580/month

65 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Porch
  • No HOA
  • Fireplace
  • Cooling Available

About This Home

As of January 2018

Don’t miss out, completely renovated duplex for high rental income or build condo/ townhouses, Phenomenal opportunity for Investment,one block from Atlantic Ave with the best night life and restaurants,Across the street from the most successful project in Delray (111 First Delray),Right in the middle of Hudson Holdings Game Changing Midtown Delray Beach project. Currently an income producing property,High end finishes with new wood floors,two new kitchens,new baths & extra-large backyard. great investment

Last Agent to Sell the Property

Shai Mashiach

Coldwell Banker Realty License #3235050 Listed on: 11/07/2017

Coldwell Banker Realty

Last Buyer's Agent

Aaron O'connor

MMLS Assoc.-Inactive Member License #3143588

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,359

Year Built

  • Built in 1978

Lot Details

  • 6,551 Sq Ft Lot
  • East Facing Home

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Wood Flooring

Kitchen

  • Oven
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Carport Spaces
  • Guest Parking

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Cooling Available
  • Heating Available
  • Water Heater
  • Water Purifier
  • Water Softener

Community Details

  • No Home Owners Association
  • Sundy & Cromer Amd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434616B40700170

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,359

Year Built

Built in 1978

Lot Details

6,551 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Atlantic Ave East turn right on 1st Ave drive to 148 on the Right
  • Year Built: 1978
  • Carport Y N: Yes
  • Unit Levels: One
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, Main Level Primary, Other
  • Appliances: Gas Range, Oven, Water Softener, Water Heater, Water Purifier
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Wood
  • Living Area: 1100.0
  • Stories: 1

Exterior Features

  • Exterior Features: Balcony, Other
  • View: Other
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Porch, Balcony
  • Roof: Other

Garage/Parking

  • Covered Parking Spaces: 6.0
  • Carport Spaces: 6.0
  • Garage Yn: No
  • Parking Features: Guest

Utilities

  • Other Equipment: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Sidewalks
  • Association: No

Lot Info

  • Parcel #: 12434616B40700170
  • Mobile Dim Units: Feet
  • Zoning: OSSHAD

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5359.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2026
Sold by
130 Se 1St Llc
Bought by
Larabee Matthew and Larabee Kristy Lee
Current Estimated Value
$2,852,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,212,500
Outstanding Balance
$2,209,716
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$642,951

Purchase Details

Closed on
Jan 23, 2026
Sold by
130 Se 1St Llc
Bought by
Frank J Nicolella Irrevocable Trust and Nicolella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,212,500
Outstanding Balance
$2,209,716
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$642,951

Purchase Details

Closed on
May 5, 2023
Sold by
Johnson Properties Of Delray Beach Llc
Bought by
130 Se 1St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Nov 7, 2017
Closed on
Jan 5, 2018
Sold by
148 Se 1 Ave Llc
Bought by
Dehany Beach Llc
Seller's Agent
Shai Mashiach
Coldwell Banker Realty
Buyer's Agent
Aaron O'connor
MMLS Assoc.-Inactive Member
List Price
$1,199,000
Sold Price
$740,000
Premium/Discount to List
-$459,000
-38.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.93%
Original Mortgage
$560,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2017
Sold by
Ahmed Abu Nasir
Bought by
148 Se 1 Ave Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Larabee Matthew $2,950,000 None Listed On Document
Frank J Nicolella Irrevocable Trust $3,150,000 None Listed On Document
130 Se 1St Llc $5,750,000 None Listed On Document
Dehany Beach Llc $740,000 Attorney
148 Se 1 Ave Llc $500,000 Secure Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larabee Matthew $2,212,500
Previous Owner 130 Se 1St Llc $4,000,000
Previous Owner Dehany Beach Llc $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2018 01/12/18 Sold $740,000 -38.3% $673 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
11/07/2017 11/07/17 For Sale $1,199,000 -- $1,090 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $20,850 $1,150,000 -- --
2024 $20,850 $1,129,163 -- --
2023 $13,023 $587,881 $710,700 $128,297
2022 $12,435 $534,437 $0 $0
2021 $10,235 $511,070 $420,000 $91,070
2020 $9,247 $441,684 $367,500 $74,184
2019 $9,016 $425,260 $350,000 $75,260
2018 $8,406 $404,257 $346,450 $57,807
2017 $5,604 $307,133 $286,322 $20,811
2016 $5,359 $215,041 $0 $0
2015 $5,083 $195,492 $0 $0
2014 $4,499 $177,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shai Mashiach

    Seller's Agent in 2018

    Shai Mashiach

    Coldwell Banker Realty

    (954) 816-7070

    16 Total Sales

    Shai Mashiach
    Section Image

  • A

    Buyer's Agent in 2018

    Aaron O'connor

    MMLS Assoc.-Inactive Member

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10093127

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-16-B4-070-0170

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

148 SE 1st Ave, Delray Beach, FL

Not Listed for Sale

Detached

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BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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