NOT LISTED FOR SALE

322 N Ocean Blvd Delray Beach, FL 33483

Estimated Value: $7,036,000 - $9,231,927

3 Beds
2 Baths
2,105 Sq Ft
$3,806/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $7,250,000 $3,444 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $53,893/month

344 Days on Market

Highlights

  • Property has ocean access
  • Den
  • Tile Flooring
  • Waterfront
  • Entrance Foyer
  • Central Heating and Cooling System

About This Home

As of July 2017

Magnificent Oceanfront Opportunity Awaits!!Around the corner from Atlantic Avenue, these rare ocean front parcels are sited on one of the most coveted locations in Delray Beach directly across from the ocean. Just under an acre, this prime property can be subdivided or for the discerning buyer a fabulous opportunity to build an estate home of their dreams with panoramic ocean views. Come visit and be inspired.Also includes parcels 316 N Ocean Blvd ID 12-43-46-16-A8-004-0010 and 1239 Laing street ID 12-43-46-16-A8-004-0030

Last Agent to Sell the Property

Candace Friis

The Corcoran Group License #582187 Listed on: 07/21/2016

The Corcoran Group

Co-Listed By

Phillip Friis

The Corcoran Group License #3297432

Last Buyer's Agent

Candace Friis

The Corcoran Group License #582187 Listed on: 07/21/2016

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,145

Year Built

  • Built in 1925

Lot Details

  • Waterfront
  • East Facing Home
  • Property is zoned R-1-AAA

Parking

  • 2 Car Garage

Interior Spaces

  • 2,105 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Den
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Property has ocean access
  • Central Heating and Cooling System

Community Details

  • Crego Sub Amend Pl 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434616a80040020

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,145

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Corner of A1A and Laing St.
  • Year Built: 1925
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Entrance Foyer
  • Furnished: Unfurnished
  • Appliances: Dishwasher
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Living Area: 2105.0
  • Dining Room Type: Den
  • Stories: 1

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434616a80040020
  • Zoning Description: R-1-AAA

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 40145.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2019
Sold by
Delray Capital 1B Llc
Bought by
Lutz Patrick A and Lutz Tracy K
Current Estimated Value
$8,010,732

Purchase Details

Listed on
Jul 21, 2016
Closed on
Jun 30, 2017
Sold by
Algonquin Ltd
Bought by
Delray Capital 1B Llc
Seller's Agent
Candace Friis
The Corcoran Group
Buyer's Agent
Candace Friis
The Corcoran Group
List Price
$9,995,000
Sold Price
$7,250,000
Premium/Discount to List
-$2,745,000
-27.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.22%
Original Mortgage
$6,075,000
Interest Rate
3.9%
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
Lutz Patrick A $3,760,000 Attorney
Delray Capital 1B Llc $7,250,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delray Capital 1B Llc $6,075,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2017 07/31/17 Sold $7,250,000 -27.5% $3,444 / Sq Ft
07/01/2017 07/01/17 Pending -- -- --
07/21/2016 07/21/16 For Sale $9,995,000 -- $4,748 / 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 $138,564 $7,624,774 -- --
2023 $139,670 $7,402,693 $0 $0
2022 $62,617 $3,103,650 $0 $0
2021 $57,063 $2,835,000 $2,835,000 $0
2020 $52,255 $2,565,000 $2,565,000 $0
2019 $50,058 $2,430,000 $2,430,000 $0
2018 $54,947 $2,717,210 $2,687,196 $30,014
2017 $43,475 $2,616,415 $2,559,234 $57,181
2016 $42,438 $1,684,883 $0 $0
2015 $40,145 $1,531,712 $0 $0
2014 $35,969 $1,392,465 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Candace Friis

    The Corcoran Group

    (561) 573-9966

    41 in this area

    150 Total Sales

    Candace Friis
    Section Image

  • P

    Seller Co-Listing Agent in 2017

    Phillip Friis

    The Corcoran Group

    (561) 706-1922

    38 in this area

    134 Total Sales

    Phillip Friis
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10252731

BeachesMLS

APN: 12-43-46-16-A8-004-0020

Florida Palm Beach County Delray Beach 33483

322 N Ocean Blvd, Delray Beach, FL

This home is located at 322 N Ocean Blvd, Delray Beach, FL 33483 since 21 July 2016 and is currently estimated at $8,010,732, approximately $3,805 per square foot. This property was built in 1925. 322 N Ocean Blvd is a home located in Palm Beach County with nearby schools including Plumosa School of the Arts, 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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