$2,150,000
SOLD JAN 12, 2022

235 SE 5th Ave Delray Beach, FL 33483

Downtown Delray Beach Neighborhood
0.32 Acre
$6,718,750 Price per Acre
13,939 Sq Ft Lot

Recently Sold

10% Below List Price

228 Days on Market

About This Lot

As of January 2022

Prime location for redevelopment in Delray Beach, Florida, across from the Aloft Hotel.
*In the process of getting approval from the city to build a 4 story building with 1000 sq ft of retail on the 1st floor and 8 luxury condominiums on floors 2 to 4. We have all of the plans and can provide them to you upon request. Contact agent for more info.
*Alley access
*Lot Size Approx 110' x 125'
*Remodeled 1999
*Zoning CBD
*Prime Location for Redevelopment
*14+ parking spots
*No warranty or representation expressed or implied is made as to the accuracy of the information contained herein and same is subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions

Last Agent to Sell the Property

Mariam Grigorian

Gandz Realty Inc. License #3398669 Listed on: 04/28/2021

Last Buyer's Agent

Valerie Kozak

Balistreri Real Estate Inc License #587768

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,397

Year Built

  • 1928

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 125x110
  • Property is zoned CBD

Utilities

  • The lake is a source of water for the property

Listing and Financial Details

  • Assessor Parcel Number 12434616011110041

Property Details

Property Type

Land

Est. Annual Taxes

$23,397

Year Built

1928

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Multi Family
  • Special Features: VirtualTour
  • Year Built (Public Record): 1928

Exterior Features

  • Lot Features: <1 Acre, Central Business District
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Lake, Public

Lot Info

  • Parcel #: 12434616011110041
  • Current Use: Multi-Family
  • Lot Size Acres: 0.32
  • Lot Size: 125x110
  • Lot Size Sq Ft: 13750.0
  • Zoning Description: CBD
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 23397.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jan 12, 2022
Sold by
Grigorian Group Inc
Bought by
Sir Ii Development Llc
Seller's Agent
Mariam Grigorian
Gandz Realty Inc.
Buyer's Agent
Valerie Kozak
Balistreri Real Estate Inc
List Price
$2,400,000
Sold Price
$2,150,000
Premium/Discount to List
-$250,000
-10.42%
Total Days on Market
228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%

Purchase Details

Closed on
May 29, 2020
Sold by
Spring Grove Management Llc
Bought by
Grigorian Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 19, 1999
Sold by
Davis Concepts Inc
Bought by
Spring Grove Mgmt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 24, 1997
Sold by
James W Nowlin Jr Tr
Bought by
Davis Concepts Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
7.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 1994
Sold by
Vossos Angeline K
Bought by
Nowlin James W
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $2,150,000 American Title & Abstract
Warranty Deed $1,675,000 Attorney
Warranty Deed $276,200 --
Deed $75,000 --
Warranty Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $475,000 Unknown
Previous Owner $140,000 Commercial
Previous Owner $200,000 Commercial
Previous Owner $50,000 Commercial
Previous Owner $220,000 Credit Line Revolving
Previous Owner $72,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 For Sale $3,500,000 +62.8% --
01/12/2022 01/12/22 Sold $2,150,000 -10.4% --
12/13/2021 12/13/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $2,400,000 -- --
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 $37,007 $1,889,106 -- --
2023 $38,351 $1,890,961 -- --
2022 $29,292 $1,200,357 -- --
2021 $23,792 $1,091,234 $866,439 $224,795
2020 $23,398 $1,094,717 $866,439 $228,278
2019 $21,913 $1,042,618 $825,180 $217,438
2018 $19,259 $903,116 $687,788 $215,328
2017 $18,212 $865,268 $655,028 $210,240
2016 $16,901 $716,642 $0 $0
2015 $15,601 $651,493 $0 $0
2014 $15,099 $618,828 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2025

    Israel Monteiro

    EXP Realty LLC

    (888) 883-8509

    2 in this area

    62 Total Sales

    Israel Monteiro
    Section Image
  • Paul Saperstein

    Seller Co-Listing Agent in 2025

    Paul Saperstein

    EXP Realty LLC

    (561) 418-7675

    1 in this area

    794 Total Sales

    Paul Saperstein
    Section Image

  • M

    Seller's Agent in 2022

    Mariam Grigorian

    Gandz Realty Inc.

    (561) 926-7883

    1 in this area

    4 Total Sales

    Mariam Grigorian
    Section Image

  • V

    Buyer's Agent in 2022

    Valerie Kozak

    Balistreri Real Estate Inc

    (561) 213-7423

    2 in this area

    36 Total Sales

    Valerie Kozak
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10277652

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-16-01-111-0041

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

235 SE 5th Ave, Delray Beach, FL

This home is located at 235 SE 5th Ave, Delray Beach, FL 33483 and is currently priced at $2,150,000. This property was built in 1928. 235 SE 5th Ave is a home located in Palm Beach County with nearby schools including Plumosa School of the Arts, Carver 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 (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 2025 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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