NOT LISTED FOR SALE

45 SE 7th Ave Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $1,866,000 - $2,343,000

8 Beds
8 Baths
6,240 Sq Ft
$339/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $3,500,000 $561 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $13,549/month

4 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Central Heating and Cooling System
  • Garden View
  • Open Patio
  • 4-minute walk to Veterans Park

About This Home

As of October 2021

DELRAY BEACH-ATLANTIC AVE, 8-2 BEDROOM UNITS. BEST LOCATION, WALK TO EVERYTHING, RESTAURANTS, SHOPPING, NEW MOVIE THEATRE, BOATING, BEACHES AND MORE. GREAT RENTAL HISTORY WITH LOW COST OPERATION. FIVE STAR LOCATION, RARELY AVAILABLE. EXCELLENT INVESTMENT. PROPERTY SHOWS OWNERS PRIDE OF OWNERSHIP. PLEASE DO NOT ENTER PROPERTY OR TALK WITH TENANTS WITHOUT PERMISSION. ALL INFORMATION APPROXIMATE AND NOT GUARANTEED

Last Agent to Sell the Property

Paul Henderson

Illustrated Properties LLC (Co License #3211715 Listed on: 08/18/2021

Illustrated Properties LLC (Co

Last Buyer's Agent

David Revere

London Foster Realty License #3492867

London Foster Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,682

Year Built

  • Built in 1965

Lot Details

  • 9,990 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Metal Roof

Interior Spaces

  • 8 Bathrooms
  • 6,240 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Garden Views

Flooring

  • Wood
  • Tile

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 8 Units
  • Palm Square Unrec Lts 18,19,20,21 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434616340000180/12434616340000200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,682

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: East on Atlantic Ave to SE 7th Ave south 1/2 block on the east side of street.
  • Year Built: 1965
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile, Wood
  • Living Area: 6240.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Garden
  • Fencing: Fenced
  • Lot Features: Sprinkler System, < 1/4 Acre
  • Pool Private: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Open
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 12434616340000180/12434616340000200
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.8
  • Mobile Dim Units: Feet
  • Zoning: RM(cit

Rental Info

  • Tenant Pays: Cable TV, Electricity

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 28682.4

Multi Family

  • Number Of Units In Community: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Oct 21, 2021
Sold by
Pbp 7Th Ave Llc
Bought by
2050 Bentley Llc
Seller's Agent
Paul Henderson
Illustrated Properties LLC (Co
Buyer's Agent
David Revere
London Foster Realty
List Price
$3,685,000
Sold Price
$3,500,000
Premium/Discount to List
-$185,000
-5.02%
Current Estimated Value
$2,114,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,385,658
Avg. Annual Appreciation
-11.23%
Original Mortgage
$1,312,500
Outstanding Balance
$1,233,515
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$880,827

Purchase Details

Listed on
Aug 18, 2021
Closed on
Oct 20, 2021
Sold by
Pbp 7Th Ave Llc
Bought by
Henderson Paul
Seller's Agent
Paul Henderson
Illustrated Properties LLC (Co
Buyer's Agent
David Revere
London Foster Realty
List Price
$3,685,000
Sold Price
$3,500,000
Premium/Discount to List
-$185,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Outstanding Balance
$1,233,515
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$880,827

Purchase Details

Closed on
Jul 10, 2008
Sold by
Delray Avenue Properties Llc
Bought by
Equitty At Delray Llc

Purchase Details

Closed on
Aug 28, 2007
Sold by
Lynch Thomas E
Bought by
Delray Avenue Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
6.65%
Mortgage Type
Balloon

Purchase Details

Closed on
May 7, 2001
Sold by
Lynch Thomas E and Lynch Anne S
Bought by
Lynch Thomas E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2050 Bentley Llc $1,750,000 None Available
Henderson Paul $178,275 None Available
Equitty At Delray Llc $1,250,000 Attorney
Delray Avenue Properties Llc $1,200,000 Attorney
Lynch Thomas E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2050 Bentley Llc $1,312,500
Previous Owner Delray Avenue Properties Llc $1,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $3,500,000 -5.0% $561 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $3,685,000 -- $591 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $31,219 $1,738,403 -- --
2024 $31,219 $1,580,366 -- --
2023 $30,944 $1,436,696 $924,416 $1,021,014
2022 $25,925 $1,306,087 $0 $0
2021 $16,545 $887,301 $313,200 $574,101
2020 $14,341 $681,366 $378,000 $303,366
2019 $13,771 $645,568 $342,000 $303,568
2018 $12,710 $614,864 $364,235 $250,629
2017 $11,753 $548,308 $316,726 $231,582
2016 $11,584 $525,018 $0 $0
2015 $10,308 $416,120 $0 $0
2014 $9,757 $378,291 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Paul Henderson

    Illustrated Properties LLC (Co

    (586) 491-3777

    1 in this area

    2 Total Sales

    Paul Henderson
    Section Image

  • D

    Buyer's Agent in 2021

    David Revere

    London Foster Realty

    (561) 590-1612

    1 in this area

    3 Total Sales

    David Revere
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10739251

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-16-34-000-0180

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

45 SE 7th Ave, Delray Beach, FL

Not Listed for Sale

MultiFamily

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BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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