NOT LISTED FOR SALE

Estimated Value: $8,268,000 - $11,316,000

3 Beds
2 Baths
2,105 Sq Ft
$4,541/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2017

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

Est. 32% increase in value since last sale

Current estimated payment $62,230 / mo

259 Days on Market

Highlights

  • Property has ocean access
  • No HOA
  • Central Heating and Cooling System
  • Waterfront
  • Entrance Foyer
  • 2 Car Garage

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
  • Carpet
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power

Community Details

  • No Home Owners Association
  • 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 Sq Ft Lot

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
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Entrance Foyer, Main Level Primary
  • Furnished: Unfurnished
  • Appliances: Dishwasher
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet
  • Living Area: 2105.0
  • Stories: 1

Exterior Features

  • Pool Private: No
  • Waterfront Features: Ocean Access
  • Waterfront: Yes
  • Construction Type: Concrete
  • Direction Faces: East
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434616a80040020
  • Mobile Dim Units: Feet
  • Zoning: 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
$9,559,662

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
3.23%
Original Mortgage
$6,075,000
Interest Rate
3.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 (Greater Fort Lauderdale)

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
2025 $138,564 $7,845,892 -- --
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

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10252731

BeachesMLS (Greater Fort Lauderdale)

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

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