NOT LISTED FOR SALE

509 Oleander Ln Delray Beach, FL 33483

Estimated Value: $7,075,352 - $8,550,000

5 Beds
5.5 Baths
4,532 Sq Ft
$1,717/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $4,750,000 $1,048 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $48,072/month

314 Days on Market

Highlights

  • New Construction
  • Marble Flooring
  • Loft
  • Private Pool
  • Garden View
  • Great Room

About This Home

As of September 2020

New Construction, just completed Coastal contemporary estate home in the upscale neighborhood of Seagate-between intracoastal and ocean in Delray Beach. Serene colors and approachable materials create a comfortable feeling in this seaside retreat. The well thought out floor plan with downstairs master bedroom suite create that atmosphere of comfort and tranquility. The oversized estate lot provides entertaining spaces both inside and out in the tropical outdoors. Only steps to the beach and Atlantic Avenue's bistros, boutiques and restaurants.

Last Agent to Sell the Property

Thomas Reutter

Reutter Investments Inc. License #568777 Listed on: 10/14/2019

Last Buyer's Agent

CHRISTY LARRIMORE

Engel & Voelkers Delray Beach License #3352310

Engel & Voelkers Delray Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,313

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.32 Acre Lot
  • Fenced
  • Sprinkler System
  • Property is zoned R-1-AA

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Flat Roof Shape
  • Tile Roof
  • Concrete Roof

Interior Spaces

  • 4,532 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Great Room
  • Combination Dining and Living Room
  • Loft
  • Garden Views
  • Impact Glass

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Private Pool
  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434621060150050

Community Details

Overview

  • Seagate Sec A Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,313

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Atlantic Ave to Ocean Blvd. South to Bucida, west to Oleander Lane.
  • Year Built: 2019
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Elevator, Living/Dining Room, Walk-In Closet(s), Loft
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Marble, Wood
  • Living Area: 4532.0
  • Dining Room Type: Great Room, Loft
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Fence, Outdoor Grill, Patio
  • View: Garden
  • Lot Features: Sprinklers Automatic
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Roof: Concrete, Flat, Tile

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • 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)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434621060150050
  • Lot Size Sq Ft: 14000.0
  • Zoning Description: R-1-AA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 28313.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2019
Closed on
Sep 23, 2020
Sold by
509 Oleander Llc
Bought by
Oliver Brandon and Oliver Carlye
Seller's Agent
Thomas Reutter
Reutter Investments Inc.
Buyer's Agent
CHRISTY LARRIMORE
Engel & Voelkers Delray Beach
List Price
$5,295,000
Sold Price
$4,750,000
Premium/Discount to List
-$545,000
-10.29%
Current Estimated Value
$7,782,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,032,088
Avg. Annual Appreciation
10.21%
Original Mortgage
$2,760,000
Outstanding Balance
$2,430,881
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$5,351,207

Purchase Details

Listed on
Jan 15, 2018
Closed on
Jun 15, 2018
Sold by
Metka Shirley J
Bought by
509 Oleander Llc
Seller's Agent
Sue Tauriello
Inactive Member
Buyer's Agent
Thomas Reutter
Reutter Investments Inc.
List Price
$2,195,000
Sold Price
$1,650,000
Premium/Discount to List
-$545,000
-24.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.00%

Purchase Details

Closed on
Apr 2, 2010
Sold by
Lynch Patrick and Lynch Mary
Bought by
Metka Shirley J

Purchase Details

Closed on
May 15, 2006
Sold by
Schultz Peter
Bought by
Lynch Mary and Lynch Patrick

Purchase Details

Closed on
Nov 15, 2005
Sold by
Schultz Peter and Jorge Carmelita
Bought by
Schultz Peter

Purchase Details

Closed on
Dec 17, 1998
Sold by
Jorge Mercedes
Bought by
Schultz Peter and Schultz Carmelita

Purchase Details

Closed on
Jan 21, 1998
Sold by
Richards Adelita Q
Bought by
Jorge Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,607
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 1996
Sold by
Brunswick Jill M
Bought by
Richards Adelita Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Oliver Brandon $4,750,000 Attorney
509 Oleander Llc $1,650,000 Attorney
Metka Shirley J $1,135,000 Attorney
Lynch Mary $1,050,000 Attorney
Schultz Peter -- --
Schultz Peter $175,000 --
Jorge Mercedes $175,000 --
Richards Adelita Q $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oliver Brandon $2,760,000
Previous Owner Richards Adelita Q $700,000
Previous Owner Richards Adelita Q $60,607
Previous Owner Richards Adelita Q $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2020 09/23/20 Sold $4,750,000 -10.3% $1,048 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
10/14/2019 10/14/19 For Sale $5,295,000 +220.9% $1,168 / Sq Ft
06/15/2018 06/15/18 Sold $1,650,000 -24.8% $611 / Sq Ft View Prior Sale
05/16/2018 05/16/18 Pending -- -- --
01/15/2018 01/15/18 For Sale $2,195,000 -- $812 / 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 $83,204 $4,257,184 -- --
2023 $75,958 $3,870,167 $2,030,320 $2,212,820
2022 $72,810 $3,518,334 $0 $0
2021 $64,752 $3,198,485 $1,466,720 $1,731,765
2020 $59,243 $2,899,921 $1,339,000 $1,560,921
2019 $26,810 $1,300,000 $1,300,000 $0
2018 $28,313 $1,394,380 $1,337,466 $56,914
2017 $31,574 $1,594,377 $1,337,466 $256,911
2016 $30,656 $1,356,023 $0 $0
2015 $28,083 $1,232,748 $0 $0
2014 $25,355 $1,120,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Reutter

    Seller's Agent in 2020

    Thomas Reutter

    Reutter Investments Inc.

    (561) 266-6590

    9 in this area

    33 Total Sales

    Thomas Reutter
    Section Image

  • C

    Buyer's Agent in 2020

    CHRISTY LARRIMORE

    Engel & Voelkers Delray Beach

    (443) 691-8873

    1 in this area

    16 Total Sales

    CHRISTY LARRIMORE
    Section Image

  • S

    Seller's Agent in 2018

    Sue Tauriello

    Inactive Member

  • Susan Ring

    Seller Co-Listing Agent in 2018

    Susan Ring

    Douglas Elliman

    (561) 441-4150

    13 in this area

    62 Total Sales

    Susan Ring
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10569582

BeachesMLS

APN: 12-43-46-21-06-015-0050

Florida Palm Beach County Delray Beach 33483

509 Oleander Ln, Delray Beach, FL

This home is located at 509 Oleander Ln, Delray Beach, FL 33483 since 14 October 2019 and is currently estimated at $7,782,088, approximately $1,717 per square foot. This property was built in 2019. 509 Oleander Ln is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, 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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