NOT LISTED FOR SALE

Estimated Value: $1,233,000 - $1,697,000

5 Beds
3 Baths
2,426 Sq Ft
$605/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,350,000 $556 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,188/month

11 Days on Market

Highlights

  • Room in yard for a pool
  • Screened Porch
  • Picnic Area
  • No HOA
  • Patio
  • Shed

About This Home

As of June 2023

This spectacular investment property is a rare find, located in one of the most desirable areas of Delray Beach. Nestled in a charming community within walking distance to Pineapple Grove, vibrant Atlantic Ave, and miles of award-winning beaches, this triplex offers an unbeatable location and endless opportunities. The property has been completely renovated and updated, offering two spacious 2 bedroom, 1 bathroom units, and a cozy 1 bedroom, 1 bathroom unit. Each unit boasts stylish finishes, modern appliances, and provides a comfortable and inviting atmosphere for tenants. This triplex is a true gem, perfect for investors looking for a low-maintenance property that generates steady rental income. With its prime location and updated features, this property is sure to attract tenants year-round, making it a wise investment for any real estate portfolio. Don't miss out on this rare opportunity to own a triplex in one of the most sought-after areas of Delray Beach!

Last Agent to Sell the Property

CJ Minardi

Illustrated Properties Brokerage Phone: 772-618-3507 License #3302780 Listed on: 05/20/2023

Illustrated Properties

Last Buyer's Agent

Antony Kritharis

Illustrated Properties License #3283059

Illustrated Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,245

Year Built

  • Built in 1956

Lot Details

  • 0.29

Home Design

  • Triplex
  • Concrete Roof

Interior Spaces

  • 3 Bathrooms
  • 2,426 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Screened Porch
  • Tile Flooring

Outdoor Features

  • Room in yard for a pool
  • Patio
  • Shed

Additional Features

  • 0.29 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 12434608060000420

Community Details

Overview

  • No Home Owners Association
  • Chevy Chase Subdivision

Amenities

  • Picnic Area

Recreation

  • Trails

Building Details

  • Gross Income $99,600
  • Net Operating Income $93,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,245

Year Built

Built in 1956

Lot Details

0.29 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Take Swinton Ave to NW 5th Ave, take a left onto Aylesbury Rd, continue onto Beverly Rd
  • Year Built: 1956
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2426.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Outdoor Living Area, Porch, Room For Pool
  • Fencing: Fenced
  • Lot Features: Fruit Trees, 1/4 to 1/2 Acre Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio, Porch, Screened
  • Property Condition: Resale
  • Roof: Concrete

Utilities

  • Other Equipment: Fuel Tank(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Picnic Area, Playground, Trail(s)
  • Association: No

Lot Info

  • Parcel #: 12434608060000420
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632.4
  • Mobile Dim Units: Feet
  • Zoning: R-1-AA

Rental Info

  • Tenant Pays: Cable TV, Electricity, Sewer, Water

Multi Family

  • Property Net Operating Income: 93000.0
  • Annual Gross Income: 99600.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 17244.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2023
Closed on
Jun 27, 2023
Sold by
Lewis Alex J and Lewis Francesca
Bought by
Hertrich Christopher D
Seller's Agent
CJ Minardi
Illustrated Properties
Buyer's Agent
Antony Kritharis
Illustrated Properties
List Price
$1,595,000
Sold Price
$1,350,000
Premium/Discount to List
-$245,000
-15.36%
Views
69
Current Estimated Value
$1,468,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,271
Avg. Annual Appreciation
3.22%

Purchase Details

Listed on
Nov 9, 2021
Closed on
Oct 22, 2021
Sold by
Package Fulfillment Center Inc
Bought by
Lewis Alex J and Lewis Francesca
Seller's Agent
Justin Himmelbaum
KW Innovations
Buyer's Agent
Robert MacKinnon
EXP Realty LLC
Sold Price
$3,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2019
Sold by
Scartabello Albert C
Bought by
Package Fulfillment Center Inc

Purchase Details

Listed on
Mar 26, 2018
Closed on
May 15, 2018
Sold by
Acs Properties South Llc
Bought by
Scartabello Albert C
Seller's Agent
Igor Golebiowski
Coldwell Banker Realty /Delray Beach
Buyer's Agent
Danny Weissing
DJ & Lindsey Real Estate
Sold Price
$1,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2017
Closed on
Nov 8, 2017
Sold by
Manning Stephen
Bought by
Acs Properties South Llc
Seller's Agent
Brian Clark Boles
RE/MAX Services
Buyer's Agent
Steve Martel
Coldwell Banker Realty /Delray Beach
List Price
$599,900
Sold Price
$600,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.40%

Purchase Details

Closed on
Jul 12, 2010
Sold by
Jacobsen Peter
Bought by
Manning Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2007
Sold by
Kranz Gary and Kranz Judith S
Bought by
Jacobsen Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 2, 2004
Sold by
Wilmoth Janice R
Bought by
Kranz Gary and Kranz Judith S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 9, 1998
Sold by
Wilmoth Janice R
Bought by
Wilmoth Janice R

Purchase Details

Closed on
Jul 21, 1995
Sold by
Stober Thomas S
Bought by
Wilmoth Janice R and Taylor Valeria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,078
Interest Rate
7.43%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 1994
Sold by
Stober Thomas S and Stober Myra L
Bought by
Stober Thomas S

Purchase Details

Closed on
Jun 8, 1993
Sold by
Sticken Robert G and Sticken Elsie P
Bought by
Stober Thomas S and Stober Myra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.42%
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
Hertrich Christopher D $1,350,000 Delray Title & Abstract
Hertrich Christopher D $1,350,000 Delray Title & Abstract
Lewis Alex J $830,000 Independence Ttl Ins Agcy In
Package Fulfillment Center Inc $697,000 Independence Ttl Ins Agcy In
Scartabello Albert C -- Independence Title Insurance
Acs Properties South Llc $600,000 Corporate Title Inc
Manning Stephen $220,000 Attorney
Jacobsen Peter $460,000 Attorney
Kranz Gary $415,000 Patch Reef Title Company Inc
Wilmoth Janice R $100 --
Wilmoth Janice R $134,000 --
Stober Thomas S -- --
Stober Thomas S $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Alex J $664,000
Previous Owner Scartabello Albert C $400,000
Previous Owner Manning Stephen $154,000
Previous Owner Jacobsen Peter $368,000
Previous Owner Kranz Gary $332,000
Previous Owner Wilmoth Janice R $50,000
Previous Owner Wilmoth Janice R $133,078
Previous Owner Stober Thomas S $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2023 06/29/23 Sold $1,350,000 -15.4% $556 / Sq Ft
05/20/2023 05/20/23 For Sale $1,595,000 0.0% $657 / Sq Ft
08/14/2022 08/14/22 For Rent $1,900 0.0% --
08/14/2022 08/14/22 Rented $1,900 -36.7% --
12/17/2021 12/17/21 Rented $3,000 -14.3% --
11/17/2021 11/17/21 Under Contract -- -- --
11/09/2021 11/09/21 For Rent $3,500 +79.5% --
01/18/2019 01/18/19 For Rent $1,950 0.0% --
01/18/2019 01/18/19 Rented $1,950 0.0% --
03/26/2018 03/26/18 For Rent $1,950 +8.3% --
03/26/2018 03/26/18 Rented $1,800 0.0% --
11/08/2017 11/08/17 Sold $600,000 0.0% $247 / Sq Ft View Prior Sale
10/09/2017 10/09/17 Pending -- -- --
09/27/2017 09/27/17 For Sale $599,900 -- $247 / 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 $19,768 $1,123,798 -- --
2024 $19,768 $1,069,683 -- --
2023 $19,069 $958,730 $819,940 $234,835
2022 $17,245 $871,573 $0 $0
2021 $12,673 $615,010 $440,000 $175,010
2020 $12,318 $592,295 $420,000 $172,295
2019 $12,604 $599,343 $400,000 $199,343
2018 $10,507 $508,290 $371,717 $136,573
2017 $9,162 $510,380 $371,717 $138,663
2016 $8,583 $358,705 $0 $0
2015 $7,965 $326,095 $0 $0
2014 -- $296,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10888961

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-08-06-000-0420

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