NOT LISTED FOR SALE

2847 NE 2nd Ave Boca Raton, FL 33431

Chatham Hills Neighborhood

Estimated Value: $632,000 - $698,000

-- Bed
4 Baths
1,818 Sq Ft
$365/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $440,000 $242 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,175/month

115 Days on Market

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Boca Raton Community Middle School Rated A-
  • Ceramic Tile Flooring

About This Home

As of November 2021

ORIGINALLY A LEGAL 2/2 ON EACH SIDE, PRESENTLY RENTED AS 2-1/1 AND 2-EFF. PRESENTS AN OPPORTUNITY TO PURCHASE THE MOST AFFORDABLE MULTIFAMILY IN BOCA RATON. CLEAN UP TO ATTRACT NEW HIGHER PAYING TENANTS FOR THE AREA. CLOSE TO EVERYTHING BOCA HAS TO OFFER AND ONE BLOCK FROM DIXIE MAKES PUBLIC TRANS EASY TO ACCESS. JUST A FEW BLOCKS TO DOWNTOWN BOCA/MIZNER PARK AND ALL THE NOW THAT IS GOING ON. DUPLEX IN EAST BOCA RATON WITH QUICK ACCESS TO 95, TOWN CENTER AND THE BEACH, THIS UNIT IS READY FOR IMPROVEMENTS AND HIGHER RETURNS. PROPERTY WAS UPDATED IN 2019 WITH A NEW ROOF.

Last Agent to Sell the Property

Ron Rosen

Residential Team Realty LLC License #3061348 Listed on: 06/29/2021

Last Buyer's Agent

Eliezer Aranya

Signature International RE License #3284106

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,166

Year Built

  • Built in 1964

Lot Details

  • 8,154 Sq Ft Lot

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,818 Sq Ft Home
  • 1-Story Property
  • Garden Views

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 06434717060110130

Community Details

Overview

  • 4 Units
  • Chatham Hills Subdivision

Building Details

  • Operating Expense $12,000
  • Net Operating Income $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,166

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: DIXIE HWY NORTH OF 20TH ST. TO ne 28th St. EAST TO 2ND AVE NORTH TO PROPERTY ON YOUR LEFT.
  • Year Built: 1964
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1818.0

Exterior Features

  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 06434717060110130
  • Lot Size Sq Ft: 8154.0
  • Zoning Description: R2(cit
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 10000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5166.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Nov 22, 2021
Sold by
Talmadge Robert L and Talmadge Joy
Bought by
Anew Florida Investments Llc
Seller's Agent
Ron Rosen
Residential Team Realty LLC
Buyer's Agent
Eliezer Aranya
Signature International RE
List Price
$499,000
Sold Price
$440,000
Premium/Discount to List
-$59,000
-11.82%
Current Estimated Value
$663,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,803
Avg. Annual Appreciation
11.03%
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
Anew Florida Investments Llc $440,000 Reliable Abstract Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2021 11/22/21 Sold $440,000 -11.8% $242 / Sq Ft
10/23/2021 10/23/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $499,000 -- $274 / 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 $8,407 $463,345 -- --
2023 $8,218 $448,825 $242,000 $206,825
2022 $7,729 $411,086 $0 $0
2021 $5,606 $293,059 $126,000 $167,059
2020 $5,166 $270,170 $132,000 $138,170
2019 $4,931 $254,167 $127,200 $126,967
2018 $4,268 $223,047 $119,529 $103,518
2017 $4,102 $223,725 $113,838 $109,887
2016 $3,914 $172,640 $0 $0
2015 $3,525 $156,945 $0 $0
2014 $3,242 $142,677 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Ron Rosen

    Residential Team Realty LLC

    Section Image
  • Eliezer Aranya

    Buyer's Agent in 2021

    Eliezer Aranya

    Signature International RE

    (561) 235-8252

    1 in this area

    20 Total Sales

    Eliezer Aranya
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10727401

BeachesMLS

APN: 06-43-47-17-06-011-0130

Florida Palm Beach County Boca Raton 33431 Chatham Hills

2847 NE 2nd Ave, Boca Raton, 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.

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