NOT LISTED FOR SALE

503 NE 5th St Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $2,698,000 - $3,031,000

3 Beds
3.5 Baths
2,478 Sq Ft
$1,134/Sq Ft Est. Value

Last Sold June 23, 2020

Last sale price $1,450,000 $585 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $16,566/month

Highlights

  • New Construction
  • Den
  • 2 Car Attached Garage
  • Wood Flooring
  • Balcony
  • Open Patio

About This Home

As of June 2020

This home is located at 503 NE 5th St, Delray Beach, FL 33483 since 23 June 2020 and is currently estimated at $2,809,866, approximately $1,133 per square foot. This property was built in 2020. 503 NE 5th St 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.

Last Agent to Sell the Property

CJ Minardi

Illustrated Properties License #3302780 Listed on: 06/23/2020

Illustrated Properties

Co-Listed By

Bruce McKinney

Illustrated Properties LLC License #3433333

Last Buyer's Agent

Evan Musa

MJ Newell Realty LLC License #3455778

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,431

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Fenced
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 2,478 Sq Ft Home
  • 2-Story Property
  • Den
  • Home Security System

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Saltwater Pool
  • Balcony
  • Open Patio
  • Outdoor Grill

Utilities

  • Zoned Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434609240000562

Community Details

Overview

  • Hofman Add In Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,431

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Townhouse
  • Directions: US 1 NORTH, RIGHT TO GEORGE BUSH BLVD, RIGHT TO 7TH AVE, LEFT TO 5TH STREET
  • Year Built: 2020
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Gas Range, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile, Wood
  • Living Area: 2478.0
  • Dining Room Type: Den, Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony, Fence, Outdoor Grill
  • Lot Features: Sprinklers Automatic
  • Pool Features: Pool, Salt Water
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: New Construction

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434609240000562
  • Zoning Description: RM - Med

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5431.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Jun 22, 2020
Sold by
M2d Seven Llc
Bought by
Musa Evan
Seller's Agent
CJ Minardi
Illustrated Properties
Buyer's Agent
Evan Musa
MJ Newell Realty LLC
List Price
$1,499,000
Sold Price
$1,450,000
Premium/Discount to List
-$49,000
-3.27%
Current Estimated Value
$2,809,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,359,866
Avg. Annual Appreciation
13.16%
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
Musa Evan $1,450,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2020 06/23/20 Sold $1,450,000 -3.3% $585 / Sq Ft
06/23/2020 06/23/20 For Sale $1,499,000 -- $605 / 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 $21,964 $1,237,586 -- --
2023 $22,114 $1,201,540 $0 $0
2022 $22,000 $1,166,544 $0 $0
2021 $22,102 $1,132,567 $0 $0
2020 $5,372 $264,000 $264,000 $0
2019 $5,431 $264,000 $264,000 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    CJ Minardi

    Illustrated Properties

    (772) 618-3507

    6 in this area

    40 Total Sales

    CJ Minardi
    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Bruce McKinney

    Illustrated Properties LLC

  • E

    Buyer's Agent in 2020

    Evan Musa

    MJ Newell Realty LLC

    (954) 681-4763

    5 in this area

    7 Total Sales

    Evan Musa
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10632968

BeachesMLS

APN: 12-43-46-09-24-000-0562

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

503 NE 5th St, Delray Beach, FL

This home is located at 503 NE 5th St, Delray Beach, FL 33483 since 23 June 2020 and is currently estimated at $2,809,866, approximately $1,133 per square foot. This property was built in 2020. 503 NE 5th St 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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