2312 Spanish Trail Delray Beach, FL 33483
Tropic Isle NeighborhoodHighlights
- Screened Porch
- Ceramic Tile Flooring
- Fenced
- Boca Raton Community Middle School Rated A-
- Central Heating and Cooling System
About This Home
As of December 2023INVESTMENT OPPORTUNITY! *Please do not disturb tenants* Rare opportunity to own an investment property in the sought after waterfront community of Tropic Isle located EAST of Federal Hwy, just steps to the beach. Property features two fully renovated units and a bonus unfinished third standalone unit. Each unit can rent for $2500 and up. Most recent duplex rentals on the same street rented for $3500 per unit. Plenty of parking - room for 10 cars. Lot is oversized and meticulously maintained - room for additions and/or a pool. With finished 3rd unit efficiency, projected rentals estimate 7% Cap Rate! Roof is 9 years and no issues on recent inspection. Use code 0800-Multifamily <10 units
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,045
Year Built
- Built in 1957
Lot Details
- 0.29 Acre Lot
- Fenced
Home Design
- Duplex
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,080 Sq Ft Home
- 1-Story Property
- Screened Porch
- Ceramic Tile Flooring
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- 2 Units
- Tropic Isle 2Nd Sec Subdivision
Listing and Financial Details
- Assessor Parcel Number 12434628020001320
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,100,000 | Mac Abstract | |
| Warranty Deed | $975,000 | New Title Company Name | |
| Special Warranty Deed | $490,000 | Attorney | |
| Warranty Deed | $430,000 | Attorney | |
| Quit Claim Deed | -- | Exceptional Title Ins Agency | |
| Warranty Deed | $171,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $731,250 | New Conventional | |
| Previous Owner | $367,500 | New Conventional | |
| Previous Owner | $133,000 | Unknown | |
| Previous Owner | $137,200 | New Conventional |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | Rented | $7,000 | +40.0% | -- |
| 09/03/2024 09/03/24 | Under Contract | -- | -- | -- |
| 06/05/2024 06/05/24 | Price Changed | $5,000 | -10.3% | $4 / Sq Ft |
| 03/18/2024 03/18/24 | For Rent | $5,575 | 0.0% | -- |
| 12/15/2023 12/15/23 | Sold | $2,100,000 | -12.3% | $732 / Sq Ft |
| 11/03/2023 11/03/23 | For Sale | $2,395,000 | +145.6% | $834 / Sq Ft |
| 03/18/2022 03/18/22 | Sold | $975,000 | +5.4% | $469 / Sq Ft |
| 02/16/2022 02/16/22 | Pending | -- | -- | -- |
| 01/18/2022 01/18/22 | For Sale | $925,000 | +115.1% | $445 / Sq Ft |
| 12/12/2018 12/12/18 | Sold | $430,000 | -4.4% | $207 / Sq Ft |
| 11/12/2018 11/12/18 | Pending | -- | -- | -- |
| 11/02/2018 11/02/18 | For Sale | $450,000 | -- | $216 / Sq Ft |
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 | $26,459 | $1,430,212 | -- | -- |
| 2023 | $15,233 | $783,995 | $400,260 | $383,735 |
| 2022 | $9,413 | $505,226 | $0 | $0 |
| 2021 | $9,045 | $474,390 | $225,000 | $249,390 |
| 2020 | $8,515 | $403,163 | $199,800 | $203,363 |
| 2019 | $7,839 | $365,575 | $190,800 | $174,775 |
| 2018 | $6,740 | $318,941 | $179,464 | $139,477 |
| 2017 | $6,472 | $302,626 | $163,149 | $139,477 |
| 2016 | $6,167 | $270,962 | $0 | $0 |
| 2015 | $5,912 | $246,329 | $0 | $0 |
| 2014 | $5,516 | $223,935 | $0 | $0 |
Source: BeachesMLS
MLS Number: R10770644
APN: 12-43-46-28-02-000-1320
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