NOT LISTED FOR SALE

342 NW 5th Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $466,000 - $699,000

-- Bed
2 Baths
1,325 Sq Ft
$451/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $153,000 $115 Per Sq Ft

Est. 290% increase in value since last sale

Current estimated payment $3,778/month

139 Days on Market

Highlights

  • Newly Remodeled
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Garden View
  • Patio
  • 3-minute walk to Mike Machek Boy Scout Park

About This Home

As of June 2016

Opportunity Knocks, on this Cash-flowing property that is located in the heart of sought after Delray Beach just 3 blocks north of Atlantic Ave. 2 unit DUPLEX/building. All the units are 2 bedroom and 1 bath. The building is currently 100% occupied. There is great upside potential for a new owner to increase rents. Separate Electric and water meters. Freshly painted In/Out. TENANT OCCUPIED. DO NOT DISTURB. DRIVE BY ONLY AND BY APPT ONLY. $1700 A MONTH IN GROSS RENTAL INCOME.

Last Agent to Sell the Property

Max Prestianni

Towne & Country Real Estate, LLC License #3033361 Listed on: 12/16/2015

Last Buyer's Agent

Christopher Gleason

Christopher Cory Gleason PA License #3339639

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,970

Year Built

  • Built in 1962 | Newly Remodeled

Lot Details

  • 6,708

Home Design

  • Duplex

Interior Spaces

  • 1,325 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Ceramic Tile Flooring
  • Garden Views

Outdoor Features

  • Patio

Schools

  • Carver; G.W. Middle School
  • Atlantic Technical High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $1,700
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 12434617040170240

Community Details

Overview

  • 2 Units
  • Resub Of Blk 17, Delray B Subdivision

Building Details

  • Operating Expense $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,970

Year Built

Built in 1962 | Newly Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Atlantic Avenue to NW 5th Avenue to property.
  • Year Built: 1962
  • Unit Levels: One
  • New Construction: Yes
  • Building Stories: 1
  • Year Built Details: New Construction
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1325.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Patio
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Roof: Other

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • High School: Atlantic Technical
  • Middle Or Junior School: Carver; G.W.

Lot Info

  • Parcel #: 12434617040170240
  • Zoning Description: r1a

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 1.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 1.0
  • Total Actual Rent: 1700.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 1970.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2015
Closed on
Jun 3, 2016
Sold by
Harvest Residential Ii Llc
Bought by
Koerner Richard and Koerner Sonya Eyvonne
Seller's Agent
Max Prestianni
Towne & Country Real Estate, LLC
Buyer's Agent
Christopher Gleason
Christopher Cory Gleason PA
List Price
$180,000
Sold Price
$153,000
Premium/Discount to List
-$27,000
-15%
Current Estimated Value
$597,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$444,264
Avg. Annual Appreciation
15.77%
Original Mortgage
$114,750
Outstanding Balance
$92,085
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$500,553

Purchase Details

Listed on
Jun 18, 2013
Closed on
Sep 3, 2013
Sold by
Mark Management Group Llc
Bought by
Harvest Residential Ii Llc
Seller's Agent
Mark Seramur
Realize FL
List Price
$99,700
Sold Price
$95,000
Premium/Discount to List
-$4,700
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.92%

Purchase Details

Closed on
Jun 28, 2013
Sold by
Butler Bernadette G
Bought by
Mark Management Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.79%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 3, 1997
Sold by
Butler Kenneth A
Bought by
Butler Bernadette G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,250
Interest Rate
7.38%
Mortgage Type
New Conventional
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
Koerner Richard $153,000 Independence Title Insurance
Harvest Residential Ii Llc $95,000 Attorney
Mark Management Group Llc $67,500 Attorney
Butler Bernadette G $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koerner Richard $114,750
Previous Owner Harvest Residential Ii Llc $233,870
Previous Owner Mark Management Group Llc $60,000
Previous Owner Butler Bernadette G $29,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2016 06/03/16 Sold $153,000 -15.0% $115 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
12/16/2015 12/16/15 For Sale $180,000 +89.5% $136 / Sq Ft
09/03/2013 09/03/13 Sold $95,000 -4.7% $72 / Sq Ft
08/22/2013 08/22/13 Pending -- -- --
06/18/2013 06/18/13 For Sale $99,700 -- $75 / 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 $6,359 $232,056 -- --
2023 $5,997 $210,960 $180,000 $288,327
2022 $4,738 $191,782 $0 $0
2021 $4,121 $218,362 $74,000 $144,362
2020 $4,007 $227,160 $70,000 $157,160
2019 $3,660 $198,394 $45,600 $152,794
2018 $3,059 $148,535 $37,601 $110,934
2017 $2,751 $119,081 $32,983 $86,098
2016 $2,103 $83,959 $0 $0
2015 $1,969 $76,326 $0 $0
2014 $1,881 $70,947 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Max Prestianni

    Seller's Agent in 2016

    Max Prestianni

    Towne & Country Real Estate, LLC

    (561) 504-8280

    3 Total Sales

    Max Prestianni
    Section Image
  • Christopher Gleason

    Buyer's Agent in 2016

    Christopher Gleason

    Christopher Cory Gleason PA

    (561) 856-7427

    80 Total Sales

    Christopher Gleason
    Section Image
  • Mark Seramur

    Seller's Agent in 2013

    Mark Seramur

    Realize FL

    (954) 531-2862

    8 Total Sales

    Mark Seramur
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10192102

BeachesMLS

APN: 12-43-46-17-04-017-0240

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

342 NW 5th Ave, Delray Beach, FL

This home is located at 342 NW 5th Ave, Delray Beach, FL 33444 since 16 December 2015 and is currently estimated at $597,264, approximately $450 per square foot. This property was built in 1962. 342 NW 5th Ave is a home located in Palm Beach County with nearby schools including Plumosa School of the Arts, 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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