NOT LISTED FOR SALE

7439 Serrano Terrace Delray Beach, FL 33446

Estimated Value: $731,000 - $939,737

5 Beds
3 Baths
2,764 Sq Ft
$308/Sq Ft Est. Value

Last Sold March 18, 2016

Last sale price $390,000 $141 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $5,715/month

15 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • High Ceiling
  • Hagen Road Elementary School Rated A-
  • Loft
  • Den

About This Home

As of March 2016

Boutique neighborhood of only 48 homes in gated complex of Delray Beach. This home sits on a quarter of an acre, with a Lake View, and on a cul-de-sac. Bamboo wood stairs lead you to upstairs with: 4 bedrooms, 2 baths, and a loft. The 5th room (used a den with french doors) is downstairs with a full bath. The kitchen is beautifully updated with granite counters, tumbled marble backsplash, and updated cabinetry with pull-outs. Brand new stainless steel appliances! Large 18'' tiled floors on the diagonal cover the downstairs area. The master suite has dual closets,dual sinks, granite, a luxury soaking tub and separate shower. Recessed lighting thru-out, this home shows naturally bright and very open. The backyards offers lake front, raised vegetable garden. 2 pets ok,any size. 2014 AC.

Last Agent to Sell the Property

Diane Keane

Coldwell Banker Realty /Delray Beach License #3100108 Listed on: 02/01/2016

Coldwell Banker Realty /Delray Beach

Last Buyer's Agent

Meredith Housman

Illustrated Properties LLC License #3183428

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,121

Year Built

  • Built in 2004

Lot Details

  • 0.25 Acre Lot
  • Lake Front
  • South Facing Home
  • Sprinkler System
  • Property is zoned PUD

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 2,764 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Den
  • Loft
  • Lake Views
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Home Security

  • Home Security System
  • Security Gate
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Association fees include common areas, ground maintenance, security, trash
  • Monterey Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424616250000420

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,121

Year Built

Built in 2004

Lot Details

0

HOA Fees

$325 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: I95, W on Atlantic Ave, N on Hagen Ranch, E on Lake Ida Road, to Monterey Estates on the right/south side.
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Interior Amenities: Dual Sinks, High Ceilings, Kitchen Island, Separate Shower, Walk-In Closet(s), Loft
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 2764.0
  • Dining Room Type: Den, Laundry, Loft
  • Stories: 2

Exterior Features

  • Exterior Features: Patio
  • View: Lake
  • Lot Features: Sprinklers Automatic
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: South
  • Patio And Porch Features: Patio
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener

Utilities

  • Security: Security System, Security Gate, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), 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

  • Association Fee: 325.0
  • Community Features: Street Lights, Sidewalks
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Security, Trash

Lot Info

  • Parcel #: 00424616250000420
  • Lot Size Sq Ft: 11064.0
  • Zoning Description: PUD
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 7121.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2016
Closed on
Mar 18, 2016
Sold by
Carmichael Andrew J and Carmichael Meghan M P
Bought by
Territo Michael
Seller's Agent
Diane Keane
Coldwell Banker Realty /Delray Beach
Buyer's Agent
Meredith Housman
Illustrated Properties LLC
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Total Days on Market
15
Current Estimated Value
$852,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,184
Avg. Annual Appreciation
8.89%
Original Mortgage
$310,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2011
Sold by
Aurora Loan Services Llc
Bought by
Carmichael Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,749
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 2011
Sold by
Chang Ulises
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Nov 10, 2006
Sold by
Segura Jose and Segura Gloria
Bought by
Chang Ulises

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
6.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 1, 2004
Sold by
M/I Schotternstein Homes Inc
Bought by
Segura Jose and Galeano Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,988
Interest Rate
6.24%
Mortgage Type
Stand Alone First
Source: Public Records

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Range of Values:

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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
Territo Michael $390,000 Independence Title Ins Agenc
Carmichael Andrew J $286,000 Landcastle Title Llc
Aurora Loan Services Llc $223,400 None Available
Chang Ulises $553,860 Patch Reef Title Company Inc
Segura Jose $406,136 M I Title Agency Ltd L C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Territo Michael J $100,000
Open Territo Marjorie $302,400
Closed Territo Michael $310,000
Previous Owner Carmichael Andrew J $280,000
Previous Owner Carmichael Andrew J $278,749
Previous Owner Chang Ulises $200,000
Previous Owner Chang Ulises $443,088
Previous Owner Segura Jose A $70,000
Previous Owner Segura Jose $322,988
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2016 03/18/16 Sold $390,000 -2.5% $141 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $400,000 -- $145 / 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 $7,278 $459,841 -- --
2023 $7,105 $446,448 $0 $0
2022 $7,049 $433,445 $0 $0
2021 $7,017 $420,820 $0 $0
2020 $6,972 $415,010 $0 $0
2019 $6,890 $405,679 $0 $0
2018 $6,549 $398,115 $0 $0
2017 $6,486 $389,927 $91,017 $298,910
2016 $6,940 $365,692 $0 $0
2015 $7,121 $333,628 $0 $0
2014 $6,640 $303,298 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10204098

BeachesMLS

APN: 00-42-46-16-25-000-0420