NOT LISTED FOR SALE

Estimated Value: $817,240 - $1,274,000

-- Bed
4 Baths
1,964 Sq Ft
$562/Sq Ft Est. Value

Last Sold June 23, 2022

Last sale price $980,000 $499 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,350/month

17 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Oversized Lot

About This Home

As of June 2022

Excellent Investment Opportunity in East Delray Beach! Located Minutes to the Beach and Downtown Atlantic Ave. in one of the hottest areas on the rise. Both 3 Bedroom, 2 Bathroom Units have been updated with impact windows, wood floors throughout, New Kitchens/Appliances. New AC. This Property is being sold as a turn-key rental property with all furnishings! Rental Income will vary depending on how the new owners decides to operate. On an annual basis gross revenue for both units is approx. $84,000. As a short term vacation rental it has the ability to Gross over $10k per month. Huge Backyard with room to build resort amenities is the value add and will help to generate increased leased rates.

Last Agent to Sell the Property

Tim Schirripa

Coldwell Banker Realty License #0695863 Listed on: 05/06/2022

Coldwell Banker Realty

Co-Listed By

Guy Mancini

Serhant License #3441174

Last Buyer's Agent

Tim Schirripa

Coldwell Banker Realty License #0695863 Listed on: 05/06/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,142

Year Built

  • Built in 1966

Lot Details

  • 10,542

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,964 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring

Additional Features

  • Oversized Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $84,000
  • Rent includes electricity, gardener, sewer, water
  • Assessor Parcel Number 12434609190001041

Community Details

Overview

  • 2 Units
  • Plumosa Park Sec A B & D Subdivision

Building Details

  • Net Operating Income $62,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,142

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From 95 exit Atlantic Ave east make a left on Swinton Ave the =n a right on NE 16 st and a left on 3 ave property is on the right
  • Year Built: 1966
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 1964.0

Exterior Features

  • Lot Features: Oversized Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gardener, Sewer, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 12434609190001041
  • Zoning Description: R-1-A

Multi Family

  • Property Net Operating Income: 62200.0
  • Number Of Units Total: 2
  • Total Actual Rent: 84000.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7142.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2022
Closed on
Jun 22, 2022
Sold by
1619 Ne 3 Ave Llc
Bought by
Wang Jason Jesse
Seller's Agent
Tim Schirripa
Coldwell Banker Realty
Buyer's Agent
Tim Schirripa
Coldwell Banker Residential RE
List Price
$990,000
Sold Price
$980,000
Premium/Discount to List
-$10,000
-1.01%
Total Days on Market
17
Current Estimated Value
$1,103,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,310
Avg. Annual Appreciation
4.09%
Original Mortgage
$980,000
Outstanding Balance
$939,144
Interest Rate
5.1%
Mortgage Type
VA
Estimated Equity
$164,166

Purchase Details

Closed on
Aug 6, 2020
Sold by
Mancini Guy A
Bought by
1619 Ne 3 Ave Llc

Purchase Details

Closed on
Jan 22, 2020
Sold by
1619 Ne 3 Ave Llc
Bought by
Mancini Guy A

Purchase Details

Listed on
Nov 14, 2017
Closed on
May 18, 2018
Sold by
Aprix James D
Bought by
1619 Ne 3 Ave Llc
Seller's Agent
Mark Gregory
Campbell&Rosemurgy Real Estate
Buyer's Agent
Tim Schirripa
Coldwell Banker Residential RE
List Price
$315,000
Sold Price
$252,500
Premium/Discount to List
-$62,500
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.23%
Original Mortgage
$250,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2005
Sold by
Daprix Cathy
Bought by
Daprix James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2001
Sold by
Daprix James R
Bought by
Daprix Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
6.5%

Purchase Details

Closed on
Jun 9, 1999
Sold by
Amaral Robert S
Bought by
Daprix Ii James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 1994
Sold by
Coml Fed Mtg Corp
Bought by
Amaral Robert S and Amaral Flora Alina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
8.24%
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 Buyer Sale Price Title Company
Wang Jason Jesse $980,000 New Title Company Name
1619 Ne 3 Ave Llc -- None Available
Mancini Guy A -- None Available
1619 Ne 3 Ave Llc $252,500 Bailey Woodruff Title Compan
Daprix James -- Atlas Title Agency Llc
Daprix Cathy $125,000 Attorneys Land Title Inc
Daprix Ii James R $95,000 --
Amaral Robert S $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Jason Jesse $980,000
Previous Owner 1619 Ne 3 Ave Llc $250,000
Previous Owner Daprix James $200,000
Previous Owner Daprix Cathy $108,300
Previous Owner Daprix Cathy $87,500
Previous Owner Daprix Ii James R $76,000
Previous Owner Amaral Robert S $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2022 06/23/22 Sold $980,000 -1.0% $499 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $990,000 +292.1% $504 / Sq Ft
05/18/2018 05/18/18 Sold $252,500 -19.8% $129 / Sq Ft
04/18/2018 04/18/18 Pending -- -- --
11/14/2017 11/14/17 For Sale $315,000 -- $160 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $5,941 $602,553 -- --
2023 $5,795 $576,056 $215,039 $361,017
2022 $8,055 $372,442 $0 $0
2021 $7,142 $338,584 $143,000 $195,584
2020 $6,533 $316,072 $121,000 $195,072
2019 $5,935 $273,058 $115,500 $157,558
2018 $3,900 $223,111 $111,041 $112,070
2017 $3,966 $250,367 $74,027 $176,340
2016 $3,755 $128,993 $0 $0
2015 $3,065 $117,266 $0 $0
2014 $2,715 $106,605 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10329564

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-09-19-000-1041