$515,000
UNDER CONTRACT $135K PRICE DROP

Estimated payment $3,235/month

Total Views 19,030
5 Beds
4 Baths
1,607 Sq Ft
$320 Price per Sq Ft

Highlights

  • Boat Ramp
  • Corner Lot
  • Tennis Courts
  • 16,030 Sq Ft lot
  • Community Pool
  • Patio

About This Home

APPROVED SHORT-SALE! PROFORMA 10-11% CAP RATE! Downtown Delray builder special! 16,030sf CORNER LOT (140ftx114ft). Great opportunity! New construction around! Existing singe-family home situated on enormous lot and features main house with 3br/2ba, garage and two additional efficiency/studio units. Potential options: 1) Redevelopment opportunity: build 1 or 2 homes; each house could have large 8,000sf+/- lots 2) Add/build ADU, 3) Combine house into large interior space to create one large home 4) Rehab & maintain same floor plan then rent out all 3 spaces; PROFORMA 10-11% CAP RATE! Excellent location near Swinton Ave; ~1 mile to the beach. Spacious yard. Walk to Swinton/Atlantic Ave, downtown! No HOA! Short-term rental potential! Located in Opportunity Zone and Delray Beach CRA District!

Listing Agent

Matan Morag

Regency Realty Services License #3124553 Listed on: 08/09/2024

Regency Realty Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,197

Year Built

  • Built in 1927

Lot Details

  • 0.37 Acre Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Interior Spaces

  • 1,607 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Parquet Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 12434620010110040

Community Details

Overview

  • Town Of Delray Beach / Do Subdivision

Recreation

  • Boat Ramp
  • Boating
  • Tennis Courts
  • Community Basketball Court
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,197

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: South Swinton Ave to SW 8 Ct, turn west, property on corner of SW 8 Ct and SW 4 Ave.
  • Year Built: 1927
  • Architectural Style: Ranch
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: 4236
  • Stories: 1

Interior Features

  • Interior Amenities: Split Bedrooms
  • Furnished: Unfurnished
  • Appliances: Electric Range, Electric Water Heater, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Parquet
  • Living Area: 1607.0
  • Dining Room Type: Storage Room
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Patio
  • Lot Features: Corner Lot
  • Pool Features: None, Association, Community
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Other
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Open Parking: Yes
  • Parking Features: Driveway, Open, Two or More Spaces

Utilities

  • Cooling: Central Air, Electric
  • 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

  • Community Features: Boat Facilities, Non-Gated, Pool, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Basketball Court, Other, Pool, Tennis Court(s), Trail(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434620010110040
  • Lot Size: 1/4 to 1/2 Acre,Corner L
  • Lot Size Sq Ft: 16030.0
  • Zoning Description: Res

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6197.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,519 $281,096 -- --
2023 $6,197 $255,542 $222,762 $202,093
2022 $5,294 $232,311 $0 $0
2021 $4,501 $211,192 $84,000 $127,192
2020 $3,708 $197,235 $75,000 $122,235
2019 $3,522 $191,875 $65,400 $126,475
2018 $3,144 $175,024 $56,001 $119,023
2017 $2,853 $147,309 $46,667 $100,642
2016 $2,583 $106,931 $0 $0
2015 $2,408 $97,210 $0 $0
2014 $2,201 $88,373 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Price Changed $515,000 -20.8% $320 / Sq Ft
08/09/2024 08/09/24 For Sale $650,000 +282.4% $404 / Sq Ft
09/21/2020 09/21/20 Sold $170,000 -38.2% $157 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $275,000 -- $254 / Sq Ft
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed $170,000 Attorney
Warranty Deed $67,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $592,118 New Conventional
Closed $150,000 Unknown
Previous Owner $61,314 Balloon
Previous Owner $125,100 Unknown
Previous Owner $56,900 New Conventional
Source: Public Records

Source: BeachesMLS

MLS Number: R11011227

BeachesMLS

APN: 12-43-46-20-01-011-0040