NOT LISTED FOR SALE

505 NE 8th Ave Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $2,529,560 - $2,876,000

3 Beds
3 Baths
2,634 Sq Ft
$1,032/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $2,400,000 $911 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $17,180/month

107 Days on Market

Highlights

  • Heated Pool
  • Roman Tub
  • Garden View
  • RV Access or Parking
  • Marble Flooring
  • Formal Dining Room

About This Home

As of January 2023

This charming, tastefully renovated Delray home is located in a HIGHLY sought after PALM TRAIL neighborhood, just minutes from the historic downtown Atlantic Ave, along with its boutique shopping, dining, and entertainment outlets, as well as the nationally-recognized blue-ocean beaches! This fully-renovated home features impact windows and doors throughout, hardwood floors, a custom-built kitchen with stainless steel appliances, including a gas stove and a butler's pantry, custom bathrooms, a tankless Rinnai water heater, a wood-burning fireplace, a lap pool, and a spacious yard and deck area, covered by a pergola. Perfect both for families seeking to experience a true SoFlo lifestyle and investors looking for opportunities to thrive in the FL rental and AirBnb markets!

Last Agent to Sell the Property

Vitaliy Nikolaenko

LoKation License #3410367 Listed on: 10/01/2022

LoKation

Last Buyer's Agent

Mondany grant

Coldwell Banker Realty /Delray Beach License #3311676

Coldwell Banker Realty /Delray Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,557

Year Built

  • Built in 1962

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced
  • Sprinkler System
  • Property is zoned 0100

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • RV Access or Parking

Property Views

  • Garden
  • Pool

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,634 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Fireplace
  • Tinted Windows
  • Plantation Shutters
  • Blinds
  • Sliding Windows
  • Entrance Foyer
  • Family Room
  • Formal Dining Room

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Pool

  • Heated Pool
  • Pool Equipment or Cover

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434609250020081

Community Details

Overview

  • Hofman Village Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,557

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Take Atlantic Avenue to NE 7th Avenue, turn right onto NE 5th Street, turn left onto NE 8th Street. Property will be on your right.
  • Year Built: 1962
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Family/Dining Room, Fireplace, Garden Tub/Roman Tub, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Negotiable
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Marble, Wood
  • Living Area: 2634.0
  • Dining Room Type: Family Room, Storage Room
  • Stories: 1
  • Window Features: Blinds, Impact Glass, Plantation Shutters, Sliding, Tinted Windows

Exterior Features

  • Exterior Features: Fence, Porch, Patio
  • View: Garden, Pool
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Heated, Pool Equipment, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Garage, RV Access/Parking, Garage Door Opener

Utilities

  • Laundry Features: In Garage
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • 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

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Trail(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434609250020081
  • Lot Size: 80.0 ft x 117.0 ft
  • Lot Size Sq Ft: 9583.0
  • Zoning Description: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13557.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2022
Closed on
Jan 17, 2023
Sold by
Bridwell Robert K and Bridwell Catherine D
Bought by
Murthy Sundip and Murthy Abigail C
Seller's Agent
Vitaliy Nikolaenko
LoKation
Buyer's Agent
Mondany grant
Coldwell Banker Realty /Delray Beach
List Price
$2,600,000
Sold Price
$2,400,000
Premium/Discount to List
-$200,000
-7.69%
Views
6
Current Estimated Value
$2,718,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,890
Avg. Annual Appreciation
4.66%

Purchase Details

Listed on
Mar 13, 2012
Closed on
Jun 28, 2012
Sold by
Posey William M and Posey Joan A
Bought by
Bridwell Robert K and Bridwell Catherine D
Seller's Agent
Peter Doran
Doran & Co.
Buyer's Agent
Alicia Lammersdorf
Illustrated Properties
List Price
$595,000
Sold Price
$560,000
Premium/Discount to List
-$35,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.78%
Original Mortgage
$362,600
Interest Rate
3.83%
Mortgage Type
Credit Line Revolving
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
Murthy Sundip $2,400,000 --
Bridwell Robert K $560,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bridwell Robert K $362,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2023 01/17/23 Sold $2,400,000 -7.7% $911 / Sq Ft
10/01/2022 10/01/22 For Sale $2,600,000 +364.3% $987 / Sq Ft
06/28/2012 06/28/12 Sold $560,000 -5.9% $194 / Sq Ft View Prior Sale
05/29/2012 05/29/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $595,000 -- $206 / 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 $35,035 $1,905,595 -- --
2023 $13,683 $747,018 $0 $0
2022 $13,557 $725,260 $0 $0
2021 $13,607 $704,136 $0 $0
2020 $13,524 $694,414 $0 $0
2019 $13,355 $678,802 $0 $0
2018 $12,809 $666,145 $0 $0
2017 $12,781 $652,444 $0 $0
2016 $6,727 $639,024 $0 $0
2015 $12,613 $607,352 $0 $0
2014 $12,697 $602,532 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2023

    Vitaliy Nikolaenko

    LoKation

    (561) 278-0433

    4 in this area

    34 Total Sales

    Vitaliy Nikolaenko
    Section Image

  • M

    Buyer's Agent in 2023

    Mondany grant

    Coldwell Banker Realty /Delray Beach

    (954) 650-3199

    1 in this area

    38 Total Sales

    Mondany grant
    Section Image

  • P

    Seller's Agent in 2012

    Peter Doran

    Doran & Co.

  • J

    Seller Co-Listing Agent in 2012

    John Mollica jr

    Mollica & Company Real Estate

    (561) 866-4916

    36 Total Sales

    John Mollica jr
    Section Image
  • Alicia Lammersdorf

    Buyer's Agent in 2012

    Alicia Lammersdorf

    Illustrated Properties

    (561) 809-8328

    4 in this area

    47 Total Sales

    Alicia Lammersdorf
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10835498

BeachesMLS

APN: 12-43-46-09-25-002-0081

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

505 NE 8th Ave, Delray Beach, FL

This home is located at 505 NE 8th Ave, Delray Beach, FL 33483 since 01 October 2022 and is currently estimated at $2,718,890, approximately $1,032 per square foot. This property was built in 1962. 505 NE 8th Ave 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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