NOT LISTED FOR SALE

301 SE 1st Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $5,371,517

1.5 Acres
$3,581,011 Price per Acre
65,340 Sq Ft Lot

Last Sold April 27, 2018

Last sale price $3,570,000 $4,354 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $34,507/month

19 Days on Market

About This Lot

As of April 2018

This home is located at 301 SE 1st Ave, Delray Beach, FL 33444 since 08 March 2018 and is currently estimated at $5,371,517, approximately $6,550 per square foot. 301 SE 1st Ave is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, Carver Community Middle School, and Atlantic High School.

Last Agent to Sell the Property

Jim Knight

The Knight Group License #271832 Listed on: 03/08/2018

Last Buyer's Agent

Jim Knight

The Knight Group License #271832 Listed on: 03/08/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,829

Lot Details

  • 1.5 Acre Lot
  • North Facing Home
  • Site Plan Filed
  • Property is zoned CBD-RC

Location

  • City Lot

Community Details

  • Delray Resub Of Blk 72 An Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434616b80800011

Property Details

Property Type

Land

Est. Annual Taxes

$24,829

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Business
  • Property Sub Type Additional: Commercial
  • Directions: I95 to Atlantic Ave East to SE 2nd Ave South to site. Located in the heart of SOFA South of Atlantic district. Steps to trendy Atlantic Ave in Downtown Delray Beach
  • Special Features: None

Exterior Features

  • Lot Features: City Lot
  • Waterfront: No
  • Direction Faces: North

Lot Info

  • Parcel #: 12434616b80800011
  • Development Status: Site Plan Filed
  • Lot Size Acres: 1.5
  • Lot Size: 200
  • Lot Size Sq Ft: 66850.0
  • Zoning Description: CBD-RC
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 24829.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2024
Sold by
Avenue Capital 301 Propco Llc
Bought by
Twj 301 Llc
Current Estimated Value
$5,371,517

Purchase Details

Closed on
Aug 25, 2023
Sold by
1St Avenue Capital 301 Llc
Bought by
1St Avenue Capital 301 Propco Llc

Purchase Details

Listed on
Mar 8, 2018
Closed on
Apr 24, 2018
Sold by
301 Se 1St Ave Db Fl Llc
Bought by
1St Avenue Capital 301 Llc
Seller's Agent
Jim Knight
The Knight Group
Buyer's Agent
Jim Knight
The Knight Group
List Price
$4,500,000
Sold Price
$3,570,000
Premium/Discount to List
-$930,000
-20.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$1,985,000
Interest Rate
4.44%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 5, 2014
Closed on
Nov 18, 2014
Sold by
M3 Partners Llc
Bought by
301 Se 1St Ave Db Fl Llc
Seller's Agent
Ryan Mueller
RJM Real Estate Corp.
Buyer's Agent
Ryan Mueller
RJM Real Estate Corp.
List Price
$1,350,000
Sold Price
$1,220,000
Premium/Discount to List
-$130,000
-9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.92%

Purchase Details

Closed on
Feb 15, 2013
Sold by
Ostermann Rudolf A W and The Rudolf A W Ostermann Revoc
Bought by
M3 Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 15, 2008
Sold by
Gs Delray Atlantic Condo Development Llc
Bought by
Ostermann Rudolf A W

Purchase Details

Closed on
Feb 1, 2007
Sold by
Ostermann Rudolf A W and The Rudolf A W Ostermann Revoc
Bought by
Gs Delray Atlantic Condo Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2005
Sold by
Ostermann Rudolf A W
Bought by
Ostermann Rudolf A W and The Rudolf A W Ostermann Revocable Trust

Purchase Details

Closed on
Nov 1, 1995
Sold by
Sankas Associates Inc
Bought by
Ostermann Rudolf A W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.51%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Twj 301 Llc $5,500,000 None Listed On Document
Twj 301 Llc $5,500,000 None Listed On Document
1St Avenue Capital 301 Propco Llc -- None Listed On Document
1St Avenue Capital 301 Propco Llc -- None Listed On Document
1St Avenue Capital 301 Llc $3,570,000 Attorney
301 Se 1St Ave Db Fl Llc $1,220,000 Clear Lake Title Svcs Inc
M3 Partners Llc $1,040,000 Clear Lake Title Svcs Inc
Ostermann Rudolf A W $1,000,000 Attorney
Gs Delray Atlantic Condo Development Llc $3,000,000 Attorney
Ostermann Rudolf A W -- --
Ostermann Rudolf A W $207,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1St Avenue Capital 301 Llc $1,985,000
Previous Owner M3 Partners Llc $350,000
Previous Owner Gs Delray Atlantic Condo Development Llc $2,500,000
Previous Owner Ostermann Rudolf A W $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2018 04/27/18 Sold $3,570,000 -20.7% $4,354 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
03/08/2018 03/08/18 For Sale $4,500,000 +268.9% $5,488 / Sq Ft
12/26/2014 12/26/14 Sold $1,220,000 -9.6% $1,488 / Sq Ft View Prior Sale
11/26/2014 11/26/14 Pending -- -- --
03/05/2014 03/05/14 For Sale $1,350,000 0.0% $1,646 / Sq Ft
05/03/2013 05/03/13 Rented $1,300 -13.3% --
04/03/2013 04/03/13 Under Contract -- -- --
04/01/2013 04/01/13 For Rent $1,500 -- --
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 $73,345 $3,990,072 -- --
2023 $66,296 $3,465,960 $3,475,508 $0
2022 $62,380 $3,150,873 $0 $0
2021 $57,772 $2,864,430 $2,864,430 $0
2020 $58,284 $2,864,430 $2,864,430 $0
2019 $58,932 $2,864,430 $2,864,430 $0
2018 $28,991 $1,782,312 $1,782,312 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Knight

    Seller's Agent in 2018

    Jim Knight

    The Knight Group

    (561) 866-8530

    1 in this area

    3 Total Sales

    Jim Knight
    Section Image
  • Ryan Mueller

    Seller's Agent in 2014

    Ryan Mueller

    RJM Real Estate Corp.

    (561) 391-0110

    6 Total Sales

    Ryan Mueller
    Section Image

  • C

    Buyer's Agent in 2013

    Candace Friis

    The Corcoran Group

    (561) 573-9966

    13 in this area

    150 Total Sales

    Candace Friis
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10412455

BeachesMLS

APN: 12-43-46-16-P6-002-0000

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

301 SE 1st Ave, Delray Beach, FL

This home is located at 301 SE 1st Ave, Delray Beach, FL 33444 since 08 March 2018 and is currently estimated at $5,371,517, approximately $6,550 per square foot. 301 SE 1st Ave is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, 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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