NOT LISTED FOR SALE

173 SE 5th Ave Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $3,070,812 - $4,489,000

Studio
2 Baths
2,858 Sq Ft
$1,240/Sq Ft Est. Value

Sale Details

Date Sold: January 2, 2018

Last sale price $940,000 $329 Per Sq Ft

Est. 277% increase in value since last sale

Current estimated payment $22,575 / mo

120 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Storm Windows
  • Outdoor Living Area
  • Porch
  • Interior Lot

About This Home

As of January 2018

This home is located at 173 SE 5th Ave, Delray Beach, FL 33483 since 15 July 2017 and is currently estimated at $3,545,271, approximately $1,240 per square foot. This property was built in 1946. 173 SE 5th Ave is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, Carver Community Middle School, and Atlantic High School.

Last Agent to Sell the Property

Jerilyn Walter

Premier Estate Properties, Inc License #694661 Listed on: 07/15/2017

Premier Estate Properties, Inc

Co-Listed By

Gregory Williams

Beachfront Properties Real Estate LLC License #3387831

Last Buyer's Agent

Jack Hinkel

Steadfast Realty LLC License #3303688

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,764

Year Built

  • Built in 1946

Lot Details

  • 7,626 Sq Ft Lot
  • Lot Dimensions are 61x125
  • Fenced
  • Interior Lot
  • Many Trees

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Frame Construction
  • Tar and Gravel Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 2 Bathrooms
  • 2,858 Sq Ft Home
  • 2-Story Property
  • Storm Windows

Flooring

  • Wood
  • Carpet
  • Terrazzo

Outdoor Features

  • Patio
  • Outdoor Living Area
  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • No Heating
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Assessor Parcel Number 12434616011100080

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Delray Town Of Subdivision

Building Details

  • Gross Income $52,200
  • Net Operating Income $37,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,764

Year Built

Built in 1946

Lot Details

7,626 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: 1.5 BLOCKS SOUTH OF ATLANTIC AVE ON EAST SIDE OF S FEDERAL HWY
  • Year Built: 1946
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Terrazzo, Wood
  • Living Area: 2858.0
  • Window Features: Storm Window(s)

Exterior Features

  • Exterior Features: Outdoor Living Area
  • Fencing: Fenced
  • Lot Features: Interior Lot, 1/4 to 1/2 Acre Lot, Many Trees, < 1/4 Acre
  • Pool Private: No
  • Road Frontage Type: Public Road
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Frame, Stucco
  • Patio And Porch Features: Patio, Porch
  • Property Condition: Resale
  • Roof: Built-Up, Flat, Tar/Gravel

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 12434616011100080
  • Lot Size Acres: 0.18
  • Lot Size: 61x125
  • Mobile Dim Units: Feet
  • Zoning: CBD(ci

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Property Net Operating Income: 37435.0
  • Number Of Units In Community: 5
  • Number Of Units Total: 4
  • Annual Gross Income: 52200.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 14764.5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2021
Sold by
Bought by
Current Estimated Value
$3,545,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$879,827
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$2,665,444

Purchase Details

Listed on
Jul 15, 2017
Closed on
Feb 6, 2018
Sold by
Bought by
Seller's Agent
Jerilyn Walter
Premier Estate Properties, Inc
Buyer's Agent
Jack Hinkel
Steadfast Realty LLC
List Price
$4,200,000
Sold Price
$940,000
Premium/Discount to List
-$3,260,000
-77.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.97%

Purchase Details

Listed on
Jul 15, 2017
Closed on
Dec 29, 2017
Sold by
Bought by
Seller's Agent
Jerilyn Walter
Premier Estate Properties, Inc
Buyer's Agent
Jack Hinkel
Steadfast Realty LLC
List Price
$4,200,000
Sold Price
$940,000
Premium/Discount to List
-$3,260,000
-77.62%

Purchase Details

Closed on
Sep 23, 2015
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 2014
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6%
Mortgage Type
Unknown
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,375,000 Mellinger Title Services Llc
$2,375,000 Mellinger Title Services
-- Attorney
$1,880,000 Attorney
$624,000 Attorney
$405,000 Attorney
-- None Available
-- Attorney
$475,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $975,000
Closed $975,000
Previous Owner $380,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/02/2018 01/02/18 Sold $940,000 -77.6% $329 / Sq Ft
12/03/2017 12/03/17 Pending -- -- --
07/15/2017 07/15/17 For Sale $4,200,000 -- $1,470 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $41,109 $2,069,768 -- --
2024 $41,109 $2,071,998 -- --
2023 $42,572 $2,074,381 -- --
2022 $40,597 $1,933,839 $0 $0
2021 $35,842 $1,646,905 $1,414,258 $232,647
2020 $35,436 $1,614,533 $1,414,258 $200,275
2019 $34,461 $1,551,155 $1,346,840 $204,315
2018 $15,850 $726,030 $653,777 $72,253
2017 $15,328 $694,901 $622,648 $72,253
2016 $14,286 $622,549 $0 $0
2015 $10,195 $412,286 $0 $0
2014 $9,383 $374,805 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jerilyn Walter

    Seller's Agent in 2018

    Jerilyn Walter

    Premier Estate Properties, Inc

    (561) 537-0050

    27 in this area

    83 Total Sales

    Jerilyn Walter
    Section Image

  • G

    Seller Co-Listing Agent in 2018

    Gregory Williams

    Beachfront Properties Real Estate LLC

    (860) 575-1105

    Gregory Williams
    Section Image

  • J

    Buyer's Agent in 2018

    Jack Hinkel

    Steadfast Realty LLC

    (561) 202-4714

    1 in this area

    75 Total Sales

    Jack Hinkel
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10350926

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-16-01-110-0070

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

173 SE 5th Ave, Delray Beach, FL

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 (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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