NOT LISTED FOR SALE

6551 NE 7th Ave Boca Raton, FL 33487

Estimated Value: $789,880 - $1,277,000

Studio
4 Baths
2,206 Sq Ft
$444/Sq Ft Est. Value

Last Sold January 06, 2020

Last sale price $457,000 $207 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $6,057/month

11 Days on Market

Highlights

  • Fruit Trees
  • Garden View
  • Tile Flooring
  • Boca Raton Community Middle School Rated A-
  • Jalousie or louvered window
  • Central Heating and Cooling System

About This Home

As of January 2020

Fantastic location. Close to shopping, dining, and entertainment. One block from Intracoastal and multimillion dollar homes. Needs TLC. Both units currently rented month to month. Each unit has 2 bedrooms, 2 bathrooms. Excellent opportunity for owner-occupant with income from second unit. Schedule to see it now.

Last Agent to Sell the Property

Robert Stidham

CENTURY 21 Tenace Realty License #3215782 Listed on: 11/25/2019

CENTURY 21 Tenace Realty

Last Buyer's Agent

Robert Stidham

CENTURY 21 Tenace Realty License #3215782 Listed on: 11/25/2019

CENTURY 21 Tenace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,066

Year Built

  • Built in 1968

Lot Details

  • 9,293 Sq Ft Lot
  • Fruit Trees

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,206 Sq Ft Home
  • 1-Story Property
  • Jalousie or louvered window
  • Garden Views

Flooring

  • Carpet
  • Tile

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 06434705020140191

Community Details

Overview

  • 2 Units
  • Delray Manors Subdivision

Building Details

  • Operating Expense $10,000
  • Net Operating Income $15,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,066

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Federal Hiway approx. 2 miles south of Linton Blvd.. Left on Coventry St. Right on NE 7th Ave. Property on right.
  • Year Built: 1968
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Carpet, Tile
  • Living Area: 2206.0
  • Window Features: Jalousie

Exterior Features

  • Exterior Features: Fruit Trees
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 06434705020140191
  • Lot Size Sq Ft: 9293.0
  • Zoning Description: R2(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 15200.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7066.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2019
Closed on
Feb 4, 2020
Sold by
Amoroso Anthony
Bought by
A One A Properties Llc
Seller's Agent
Robert Stidham
CENTURY 21 Tenace Realty
Buyer's Agent
Robert Stidham
CENTURY 21 Tenace Realty
List Price
$450,000
Sold Price
$457,000
Premium/Discount to List
$7,000
1.56%
Current Estimated Value
$980,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,220
Avg. Annual Appreciation
13.54%
Original Mortgage
$342,750
Outstanding Balance
$300,878
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$679,342

Purchase Details

Listed on
Nov 25, 2019
Closed on
Jan 6, 2020
Sold by
6551 Llc
Bought by
Amoroso Anthony
Seller's Agent
Robert Stidham
CENTURY 21 Tenace Realty
Buyer's Agent
Robert Stidham
CENTURY 21 Tenace Realty
List Price
$450,000
Sold Price
$457,000
Premium/Discount to List
$7,000
1.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,750
Outstanding Balance
$300,878
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$679,342

Purchase Details

Closed on
Dec 19, 2005
Sold by
Herrera Rufo and Herrera Violeta G
Bought by
6551 Llc

Purchase Details

Closed on
Mar 29, 2005
Sold by
Chau Kin Ki and Chau Jade Belinda
Bought by
Herrera Rufo and Herrera Violeta G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 1996
Sold by
Manzella Tony and Manzella Louise
Bought by
Chau Jade B and Chau Kin K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,500
Interest Rate
7.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
A One A Properties Llc -- Shore To Shore Title Llc
A One A Properties Llc -- Shore To Shore Title Llc
Amoroso Anthony $457,000 Shore To Shore Title Llc
Amoroso Anthony $457,000 Shore To Shore Title Llc
6551 Llc $535,000 Flagler Title Company
6551 Llc $535,000 Flagler Title Company
Herrera Rufo $425,000 --
Herrera Rufo $425,000 --
Chau Jade B $201,000 --
Chau Jade B $201,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amoroso Anthony $342,750
Previous Owner Herrera Rufo $340,000
Previous Owner Chau Jade B $140,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2020 01/06/20 Sold $457,000 +1.6% $207 / Sq Ft
12/07/2019 12/07/19 Pending -- -- --
11/25/2019 11/25/19 For Sale $450,000 -- $204 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $11,248 $677,725 -- --
2024 $11,248 $616,114 -- --
2023 $10,855 $560,104 $344,520 $328,219
2022 $9,537 $509,185 $0 $0
2021 $8,840 $462,895 $226,000 $236,895
2020 $7,217 $385,711 $200,000 $185,711
2019 $7,161 $402,773 $206,000 $196,773
2018 $6,296 $373,727 $188,875 $184,852
2017 $6,067 $373,488 $174,885 $198,603
2016 $5,721 $249,323 $0 $0
2015 $5,980 $226,657 $0 $0
2014 $4,528 $206,052 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Stidham

    Seller's Agent in 2020

    Robert Stidham

    CENTURY 21 Tenace Realty

    (561) 523-0163

    31 Total Sales

    Robert Stidham
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10580906

BeachesMLS (Greater Fort Lauderdale)

APN: 06-43-47-05-02-014-0191

Florida Palm Beach County Boca Raton 33487

6551 NE 7th Ave, Boca Raton, FL

Not Listed for Sale

MultiFamily

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