NOT LISTED FOR SALE

229 NW 15th Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $574,000 - $827,000

-- Bed
2 Baths
1,494 Sq Ft
$453/Sq Ft Est. Value

Last Sold July 17, 2014

Last sale price $168,000 $112 Per Sq Ft

Est. 303% increase in value since last sale

Current estimated payment $3,904/month

42 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Wall Furnace

About This Home

As of July 2014

Great income opportunity for investor or buy on FHA loan, live in one side and let the other pay the mortgage. Rear unit occupied by long term tenant on VA equivalent of section 8. Front unit 3/1 being completely remodeled prior to closing. Work is under way and will be completed soon. Rental potential at least $1850/month. City owns vacant lot next door and will never be built on. Roof replaced in 2008. Large yard to rear of property.

Last Agent to Sell the Property

Michael Salino

Gonzalez Salino Realty LLC License #3128269 Listed on: 05/05/2014

Last Buyer's Agent

Keith Black

Angler Real Estate License #3115880

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,529

Year Built

  • Built in 1959

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Duplex
  • Tar and Gravel Roof

Interior Spaces

  • 1,494 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $22,200
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 12434617360020190

Community Details

Overview

  • 2 Units
  • Carver Memorial Park Subdivision

Building Details

  • Operating Expense $3,312
  • Net Operating Income $18,888

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,529

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From Atlantic go North on NW 10th Ave, then West on NW 3rd Street, then South on NW 15th Ave.
  • Year Built: 1959
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1494.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Tar/Gravel

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Cable TV
  • Senior Community: No

Lot Info

  • Parcel #: 12434617360020190
  • Lot Size Sq Ft: 6970.0
  • Zoning Description: SINGLE F
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 18888.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 3312.0
  • Total Actual Rent: 22200.0

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 1529.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2014
Closed on
Jul 7, 2014
Sold by
229 Nw 15Th Ave Llc
Bought by
Franklin Eric Fitzgerald
Seller's Agent
Michael Salino
Gonzalez Salino Realty LLC
Buyer's Agent
Keith Black
Angler Real Estate
List Price
$185,000
Sold Price
$168,000
Premium/Discount to List
-$17,000
-9.19%
Current Estimated Value
$676,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,752
Avg. Annual Appreciation
13.14%
Original Mortgage
$164,957
Outstanding Balance
$124,268
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$552,484

Purchase Details

Closed on
Jan 22, 2010
Sold by
Madsen Gary C and Madsen Deborah J
Bought by
229 Nw 15Th Ave Llc

Purchase Details

Closed on
Jul 15, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Madsen Gary and Madsen Deborah

Purchase Details

Closed on
Mar 23, 2009
Sold by
Juste Catule Louis
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jul 25, 2006
Sold by
Wells Robert and Wells Barbara
Bought by
Juste Catule Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,600
Interest Rate
6.34%
Mortgage Type
Stand Alone Second
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
Franklin Eric Fitzgerald $168,000 Assure America Title Company
229 Nw 15Th Ave Llc -- None Available
Madsen Gary $58,995 Southern Escrow & Title Llc
Deutsche Bank National Trust Company -- None Available
Juste Catule Louis $258,000 First Priority Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franklin Eric Fitzgerald $164,957
Previous Owner Juste Catule Louis $51,600
Previous Owner Juste Catule Louis $206,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2014 07/17/14 Sold $168,000 -9.2% $112 / Sq Ft
06/17/2014 06/17/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $185,000 -- $124 / 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 $4,260 $207,549 -- --
2023 $4,089 $193,112 $0 $0
2022 $3,369 $179,858 $0 $0
2021 $3,063 $185,213 $0 $0
2020 $3,029 $194,419 $0 $0
2019 $2,864 $181,503 $0 $0
2018 $2,528 $157,788 $0 $0
2017 $2,344 $137,936 $0 $0
2016 $2,207 $122,930 $0 $0
2015 $2,180 $118,298 $0 $0
2014 $1,672 $59,244 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Michael Salino

    Gonzalez Salino Realty LLC

  • Keith Black

    Buyer's Agent in 2014

    Keith Black

    Angler Real Estate

    (561) 523-1105

    27 Total Sales

    Keith Black
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Map

Source: BeachesMLS

MLS Number: R10038394

BeachesMLS

APN: 12-43-46-17-36-002-0190

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

229 NW 15th Ave, Delray Beach, FL

This home is located at 229 NW 15th Ave, Delray Beach, FL 33444 since 05 May 2014 and is currently estimated at $676,752, approximately $452 per square foot. This property was built in 1959. 229 NW 15th Ave is a home located in Palm Beach County with nearby schools including Plumosa School of the Arts, Carver Community 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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