NOT LISTED FOR SALE

611 SE 1st St Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $3,641,222

2 Beds
1 Bath
1,000 Sq Ft
$3,641/Sq Ft Est. Value

About This Home

Location, location, location! Exceptional rental property in the heart of Delray Beach. This 2B/1B unit offers the perfect blend of comfort and convenience. Enjoy a short walk to the beach or being steps away from downtown Delray, where you'll have access to an array of trendy shops, delicious restaurants and a vibrant nightlife. The unit itself has a private front porch, providing a cozy outdoor space for relaxation. With the added convenience of 1 assigned covered parking space and a washer and dryer in the unit, this rental property offers everything you need for a comfortable and enjoyable living experience. Don't miss out on this fantastic opportunity to live in one of Delray Beach's most sought-after areas!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
131 Master Mind Llc
Bought by
Delray One Llc
Current Estimated Value
$3,641,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,799,900
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$1,841,322

Purchase Details

Closed on
Sep 11, 2020
Sold by
Yellow Building Llc
Bought by
131 Master Mind Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,799,900
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$1,841,322

Purchase Details

Closed on
Jul 14, 2000
Sold by
Dee Car Realty Ltd
Bought by
Yellow Building Llc

Purchase Details

Closed on
Jun 23, 1997
Sold by
Bonchak Michael D
Bought by
Dee Car Realty Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 1994
Sold by
Blank John R W and Blank Theresa S
Bought by
Bonchak Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,420
Interest Rate
8.78%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Delray One Llc $2,500,000 Attorney
131 Master Mind Llc $2,000,000 Attorney
Yellow Building Llc $850,000 --
Dee Car Realty Ltd $462,000 --
Bonchak Michael D $225,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delray One Llc $2,000,000
Previous Owner Yellow Building Llc $8,500,000
Previous Owner Dee Car Realty Ltd $200,000
Previous Owner Bonchak Michael D $125,420
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Rented $2,600 -1.9% --
06/20/2023 06/20/23 Price Changed $2,650 -11.7% $3 / Sq Ft
06/14/2023 06/14/23 Price Changed $3,000 -14.3% $3 / Sq Ft
06/06/2023 06/06/23 For Rent $3,500 -- --

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 $50,591 $2,405,966 -- --
2023 $46,113 $2,187,242 -- --
2022 $44,769 $2,069,130 -- --
2021 $44,638 $2,000,120 $1,742,031 $258,089
2020 $31,559 $1,993,500 $1,742,031 $251,469
2019 $29,953 $1,901,423 $1,659,013 $242,410
2018 $27,324 $1,847,680 $1,610,656 $237,024
2017 $26,169 $1,763,832 $1,533,894 $229,938
2016 $24,341 $729,990 $0 $0
2015 $21,549 $663,627 $0 $0
2014 $16,381 $600,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashley Gaffoglio

    Seller's Agent in 2023

    Ashley Gaffoglio

    Deco Realty Group Inc.

    (561) 809-0427

    2 in this area

    38 Total Sales

    Ashley Gaffoglio
    Section Image
See All Agents

Map

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

611 SE 1st St, Delray Beach, FL

This home is located at 611 SE 1st St, Delray Beach, FL 33483 and is currently estimated at $3,641,222, approximately $3,641 per square foot. 611 SE 1st St 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.

Nearby Homes