$515,000
$135K PRICE DROP

Estimated payment $3,368/month

Total Views 17,518
0.37 Acre
$1,399,463 Price per Acre
16,030 Sq Ft Lot

About This Lot

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

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,197

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 140' x 114'
  • Beach Front
  • Site Plan Filed

Location

  • City Lot

Community Details

  • Town Of Delray Beach / Do Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434620010110040

Property Details

Property Type

Land

Est. Annual Taxes

$6,197

Lot Details

0

Listing Details

  • Prop. Type: Land
  • 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.
  • Special Features: 4108

Exterior Features

  • Lot Features: Beach Front, Central Business District, City Lot
  • Waterfront: No

Lot Info

  • Parcel #: 12434620010110040
  • Development Status: Site Plan Filed
  • Lot Size: 140' x 114'
  • Lot Size Sq Ft: 16030.0
  • Zoning Description: Res

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6197.0

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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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

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: R11011239

BeachesMLS

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