NOT LISTED FOR SALE

314 Venetian Dr Unit Three Units Delray Beach, FL 33483

Estimated Value: $563,000 - $1,147,000

1 Bed
1 Bath
1,560 Sq Ft
$467/Sq Ft Est. Value

Last Sold May 08, 2017

Last sale price $1,112,500 $713 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $6,283/month

49 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Tile Flooring
  • Ceiling Fan
  • Patio
  • Central Heating and Cooling System
  • 4-minute walk to Anchor Park

About This Home

As of May 2017

Amazing investment opportunity awaits at 314 Venetian Drive, Delray Beach. Three waterfront condo units at Tahiti Cove are being offered for sale. With a gracious rental policy allowing leasing up to six times per year for no more than 180 days, this is a rare and incredible offering. Live in one unit & lease out the other two; use the extra units for guests; or lease all three units: the possibilities are endless. Tahiti Cove is a boutique waterfront condo located just two blocks from the beach and three blocks from Atlantic Avenue's shops and restaurants making it the perfect "getaway" location for potential tenants. Enjoy the scenic drive along A1A to Palm Beach's Worth Avenue and Boca Raton's Mizner Park as well as the close proximity to three international airports via Interstate 95

Last Agent to Sell the Property

John Gluek

One Sotheby's International Realty License #3362547 Listed on: 02/17/2017

One Sotheby's International Realty

Last Buyer's Agent

Joyce Schneider

Castles By The Beach, Inc. License #486306

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,202

Year Built

  • Built in 1981

Lot Details

  • 1.03

HOA Fees

  • $1,701 Monthly HOA Fees

Home Design

  • Triplex
  • Flat Roof Shape
  • Tile Roof
  • Concrete Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Tile Flooring
  • Intracoastal Views

Additional Features

  • Patio
  • Property fronts an intracoastal waterway
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $110,400
  • Rent includes electricity
  • Assessor Parcel Number 12434616720000020, 0080 And 0090

Community Details

Overview

  • Association fees include common areas, insurance, laundry, ground maintenance, maintenance structure, pool(s), sewer, trash, water
  • 3 Units
  • Tahiti Cove Condo Subdivision

Building Details

  • Operating Expense $41,614
  • Net Operating Income $68,784

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,202

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,701 per month

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Atlantic Avenue east to Venetian Drive to property
  • Year Built: 1981
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1560.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Patio
  • View: Intercoastal
  • Pool Features: None
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete, Flat, Tile

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1701.0
  • HOA Rent Includes: Electricity
  • Senior Community: No
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Pool(s), Sewer, Trash, Water

Lot Info

  • Parcel #: 12434616720000020, 0080 And 0090
  • Zoning Description: RM

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 68784.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 41614.0
  • Total Actual Rent: 110400.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 18202.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2019
Sold by
Kennedy Douglas W and Purdo Kennedy Lauren
Bought by
Kennedy Lauren A and Lauren A Kennedy Trust
Current Estimated Value
$728,122

Purchase Details

Closed on
Jan 26, 2010
Sold by
Considine Thomas V and Considine Frances M
Bought by
Kennedy Douglas W and Purdo Kennedy Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$92,610
Interest Rate
5.02%
Mortgage Type
New Conventional
Estimated Equity
$635,512
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
Kennedy Lauren A -- Attorney
Kennedy Douglas W -- Attorney
Kennedy Douglas W $205,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kennedy Douglas W $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2017 05/08/17 Sold $1,112,500 -7.1% $713 / Sq Ft
04/08/2017 04/08/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $1,197,000 -- $767 / 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 $8,648 $460,526 -- --
2023 $8,509 $418,660 $0 $0
2022 $7,989 $380,600 $0 $0
2021 $7,125 $346,000 $0 $346,000
2020 $6,657 $320,000 $0 $320,000
2019 $6,480 $320,000 $0 $320,000
2018 $5,965 $320,000 $0 $320,000
2017 $5,689 $312,000 $0 $0
2016 $5,339 $226,270 $0 $0
2015 $4,980 $205,700 $0 $0
2014 $4,363 $187,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    John Gluek

    One Sotheby's International Realty

    (561) 278-0433

    1 in this area

    30 Total Sales

    John Gluek
    Section Image
  • Joyce Schneider

    Buyer's Agent in 2017

    Joyce Schneider

    Castles By The Beach, Inc.

    (561) 212-4403

    1 in this area

    72 Total Sales

    Joyce Schneider
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10309441

BeachesMLS

APN: 12-43-46-16-72-000-0030

Florida Palm Beach County Delray Beach 33483

314 Venetian Dr Unit Three Units, Delray Beach, FL

This home is located at 314 Venetian Dr Unit Three Units, Delray Beach, FL 33483 since 17 February 2017 and is currently estimated at $728,122, approximately $466 per square foot. This property was built in 1981. 314 Venetian Dr Unit Three Units is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, 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 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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