NOT LISTED FOR SALE

711 SE 2nd St Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $2,611,000 - $4,504,000

-- Bed
4 Baths
2,390 Sq Ft
$1,641/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $4,200,000 $1,757 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $27,137/month

141 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of September 2022

Value-Add Opportunity in the Delray Beach Marina District! Huge income upside and room for future development, currently fully leased and updated. Statement marble floors top line finishes fully furnished just STEPS from all the shopping and dining on Atlantic Avenue and the BEST beaches in SOFLO. PLEASE do not disturb tenants: Fully-occupied property of two studio units and two 2 bed 1bath units, all equipped with modern kitchens and bathrooms and each unit has a new stackable W/D, a private, secure pet friendly fenced yard. Marina slip rental adjacent to put your yacht. NO rental restrictions. Income figures based on rentals at present time. Sold furnished. Freshly painted exterior, new fence, all new landscaping. Perfect for vacation rentals, ABNB or Owner to live work play in Del

Last Agent to Sell the Property

Paul Daurio

Engel & Volkers Boca Raton License #3150302 Listed on: 03/28/2022

Engel & Volkers Boca Raton

Last Buyer's Agent

Eileen Smith

Logan Realty Inc License #3093155

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,292

Year Built

  • Built in 1967

Lot Details

  • 8,694 Sq Ft Lot
  • Corner Lot
  • Sprinkler System

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 2,390 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring

Schools

  • Bayview Elementary School
  • Carver; G.W. Middle School
  • Atlantic Technical High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434616011260160

Community Details

Overview

  • 4 Units
  • Delray Town Of Subdivision

Building Details

  • Operating Expense $50,284
  • Net Operating Income $169,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,292

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From Atlantic Avenue go South on 7th Ave to the Round-about the property is on the corner of 7th Ave and 2nd St. adjacent from Chapel 4.
  • Year Built: 1967
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2390.0
  • Window Features: Blinds

Exterior Features

  • Lot Features: Corner Lot, Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Tar/Gravel

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Bayview
  • High School: Atlantic Technical
  • Middle Or Junior School: Carver; G.W.

Lot Info

  • Parcel #: 12434616011260160
  • Lot Size Sq Ft: 8694.0
  • Zoning Description: RM(cit
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 169316.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 50284.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 14292.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
Sep 16, 2022
Sold by
Rochemont Pierre Richard and Rochemont Angelique
Bought by
Yuksel Inc
Seller's Agent
Paul Daurio
Engel & Volkers Boca Raton
Buyer's Agent
Eileen Smith
Logan Realty Inc
List Price
$4,500,000
Sold Price
$4,200,000
Premium/Discount to List
-$300,000
-6.67%
Total Days on Market
141
Current Estimated Value
$3,923,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$276,855
Avg. Annual Appreciation
-2.48%

Purchase Details

Listed on
Jun 12, 2017
Closed on
May 24, 2021
Sold by
Pettinicchi Robert P
Bought by
Rochemont Pierre Richard and Rochemont Angelique
Seller's Agent
Debby O'Connell
Hampton Real Estate Group
Buyer's Agent
Debby O'Connell
Hampton Real Estate Group
List Price
$1,599,000
Sold Price
$761,586
Premium/Discount to List
-$837,414
-52.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
264.56%
Original Mortgage
$745,318
Interest Rate
2.9%
Mortgage Type
FHA
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
Yuksel Inc $4,200,000 --
Rochemont Pierre Richard $761,586 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rochemont Pierre Richard $745,318
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $4,200,000 -6.7% $1,757 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $4,500,000 +490.9% $1,883 / Sq Ft
05/24/2021 05/24/21 Sold $761,586 -52.4% $319 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
06/12/2017 06/12/17 For Sale $1,599,000 -- $669 / 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 $61,375 $3,279,718 -- --
2023 $56,901 $2,981,562 $1,875,500 $1,106,062
2022 $24,267 $1,221,393 $0 $0
2021 $14,292 $716,973 $435,000 $281,973
2020 $13,362 $682,595 $525,000 $157,595
2019 $12,424 $632,595 $475,000 $157,595
2018 $11,419 $627,612 $520,336 $107,276
2017 $10,506 $551,628 $452,466 $99,162
2016 $9,982 $415,228 $0 $0
2015 $9,478 $377,480 $0 $0
2014 $8,926 $343,164 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Daurio

    Seller's Agent in 2022

    Paul Daurio

    Engel & Volkers Boca Raton

    (321) 946-2991

    2 in this area

    7 Total Sales

    Paul Daurio
    Section Image
  • Eileen Smith

    Buyer's Agent in 2022

    Eileen Smith

    Logan Realty Inc

    (561) 866-5486

    1 in this area

    8 Total Sales

    Eileen Smith
    Section Image
  • Debby O'Connell

    Seller's Agent in 2021

    Debby O'Connell

    Hampton Real Estate Group

    (561) 573-5099

    2 in this area

    22 Total Sales

    Debby O'Connell
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10787194

BeachesMLS

APN: 12-43-46-16-01-126-0160

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

711 SE 2nd St, Delray Beach, FL

This home is located at 711 SE 2nd St, Delray Beach, FL 33483 since 28 March 2022 and is currently estimated at $3,923,145, approximately $1,641 per square foot. This property was built in 1967. 711 SE 2nd 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.

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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