NOT LISTED FOR SALE

516 NE 8th Ave Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $2,520,000 - $4,198,000

2 Beds
2 Baths
1,762 Sq Ft
$2,000/Sq Ft Est. Value

Last Sold April 02, 2013

Last sale price $650,000 $369 Per Sq Ft

Est. 442% increase in value since last sale

Current estimated payment $20,616/month

8 Days on Market

Highlights

  • Garden View
  • 2 Car Attached Garage
  • Family Room
  • Sun or Florida Room
  • Central Heating and Cooling System
  • Stacked Bedrooms

About This Home

As of April 2013

WONDERFUL OPPORTUNITY TO OWN THIS 2BR/2BA PROPERTY ON NEARLY A 1/3 OF AN ACRE LOT LOCATED ONE BLOCK FROM THE ICW WITHIN WALKING DISTANCE TO DOWNTOWN DELRAY BEACH AND THE OCEAN IN THE HIGHLY DESIRABLE PALM TRAIL NEIGHBORHOOD. AMPLE ROOM FOR ADDITIONS OR BUILD ON LARGE LOT FOR NEW CONSTRUCTION. PROPERTY NEEDS SOME TLC AND RENOVATIONS.

Last Agent to Sell the Property

Jeremy Olsher

Compass Florida LLC License #3184613 Listed on: 02/22/2013

Compass Florida LLC

Last Buyer's Agent

Wendy Overton

Inactive Member License #520154

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,011

Year Built

  • Built in 1969

Lot Details

  • Property is zoned R1aa

Parking

  • 2 Car Attached Garage

Home Design

  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 1,762 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Sun or Florida Room
  • Garden Views

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Parquet
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Hofmans 8Th Ave Add In Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434609260000061

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,011

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: ATLANTIC AVE TO NE 7TH AVE, EAST ON NE 2ND, NORTH ON NE 8TH, ON WEST SIDE
  • Year Built: 1969
  • Architectural Style: Ranch
  • Special Features: None

Interior Features

  • Interior Amenities: Stacked Bedrooms
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Parquet
  • Living Area: 1762.0
  • Dining Room Type: Family Room, Florida Room
  • Stories: 1

Exterior Features

  • View: Garden
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 12434609260000061
  • Zoning Description: R1aa

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 11011.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2013
Closed on
Apr 2, 2013
Sold by
Weinstein Norman S
Bought by
Mauney Harold C
Seller's Agent
Jeremy Olsher
Compass Florida LLC
Buyer's Agent
Wendy Overton
Inactive Member
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$3,523,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,873,810
Avg. Annual Appreciation
14.39%

Purchase Details

Closed on
Nov 2, 2009
Sold by
Weinstein Norman S and Weinstein Susan
Bought by
Weinstein Norman S

Purchase Details

Closed on
Jan 26, 2007
Sold by
Herr William Dougal and Fulton Mary H
Bought by
Weinstein Norman S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2006
Sold by
Spuller Margaret H
Bought by
Spuller Margaret H and The Margaret H Spuller Revocable Trust

Purchase Details

Closed on
Mar 20, 2006
Sold by
Fulton Mary H and Spuller Margaret H
Bought by
Fulton Mary H
Source: Public Records

Range of Values:

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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
Mauney Harold C $650,000 Attorney
Weinstein Norman S -- Attorney
Weinstein Norman S $590,000 Sunbelt Title Agency
Spuller Margaret H -- Attorney
Fulton Mary H -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weinstein Norman S $295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2013 04/02/13 Sold $650,000 0.0% $369 / Sq Ft
03/03/2013 03/03/13 Pending -- -- --
02/22/2013 02/22/13 For Sale $650,000 -- $369 / 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 $25,615 $1,426,219 -- --
2023 $25,791 $1,384,679 $0 $0
2022 $25,610 $1,344,349 $0 $0
2021 $25,730 $1,305,193 $0 $0
2020 $25,585 $1,287,173 $0 $0
2019 $25,276 $1,258,234 $0 $0
2018 $24,257 $1,234,773 $0 $0
2017 $24,222 $1,209,376 $0 $0
2016 $24,394 $1,184,501 $0 $0
2015 $25,057 $1,176,267 $0 $0
2014 $12,332 $552,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Olsher

    Seller's Agent in 2013

    Jeremy Olsher

    Compass Florida LLC

    (561) 400-3737

    3 in this area

    80 Total Sales

    Jeremy Olsher
    Section Image

  • W

    Buyer's Agent in 2013

    Wendy Overton

    Inactive Member

See All Agents

Map

Source: BeachesMLS

MLS Number: R3347455

BeachesMLS

APN: 12-43-46-09-26-000-0061

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

516 NE 8th Ave, Delray Beach, FL

This home is located at 516 NE 8th Ave, Delray Beach, FL 33483 since 22 February 2013 and is currently estimated at $3,523,810, approximately $1,999 per square foot. This property was built in 1969. 516 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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