NOT LISTED FOR SALE

Estimated Value: $1,404,597 - $2,446,000

6 Beds
9 Baths
3,300 Sq Ft
$584/Sq Ft Est. Value

Sale Details

Date Sold: September 8, 2017

Last sale price $770,000 $233 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $11,861 / mo

313 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Pool View
  • Fruit Trees
  • Outdoor Living Area
  • No HOA

About This Home

As of September 2017

4 Unit house/apartment quadplex. Recent major extensive refurbishment including new roof sections, new landscaping, reconditioning of pool. Ideal for sober living recovery home accommodation. 12 to 15 beds in 4 units. 3 one bed one bath and one 3 bed 3 bath units. Quiet, secluded end of dead end street - surrounded by future high end townhomes development soon to be built - St George Townhomes. Excellent investment opportunity. Currently rented, netting approximately $72k per annum. Approximately 10 blocks north of vibrant Atlantic Avenue downtown Delray Beach.
Dead end of quiet secluded street, surrounded by proposed high end townhome development project St George Townhomes - scheduled to be built soon.

Last Agent to Sell the Property

Tammy Springer

Van Arnem Properties Inc. License #3070330 Listed on: 09/14/2016

Last Buyer's Agent

Tammy Springer

Van Arnem Properties Inc. License #3070330 Listed on: 09/14/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,838

Year Built

  • Built in 1953

Lot Details

  • 15,000 Sq Ft Lot
  • Fenced
  • Fruit Trees

Home Design

  • Triplex
  • Tar and Gravel Roof

Interior Spaces

  • 9 Bathrooms
  • 3,300 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Pool Views

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Open Patio
  • Outdoor Living Area

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434609160020170

Community Details

Overview

  • No Home Owners Association
  • Frey Sophia Add To Delray In Subdivision

Building Details

  • Gross Income $84,000
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,838

Year Built

Built in 1953

Lot Details

0.34 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: FROM 1-95 HEAD EAST ON ATLANTIC AVE TURN LEFT ON TO FEDERAL HWY THEN RIGHT ON GEORGE BUSH BLVD THEN LEFT ON NE 7TH AVE. BUILDING IS ON YOUR LEFT HAND SIDE
  • Year Built: 1953
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 3300.0

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: Pool
  • Fencing: Fenced
  • Lot Features: Fruit Trees
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Concrete
  • Patio And Porch Features: Deck, Open, Balcony
  • Property Condition: Resale
  • Roof: Tar/Gravel

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 12434609160020170
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810.4
  • Mobile Dim Units: Feet
  • Zoning: MEDIUM DENSITY

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance

Multi Family

  • Property Net Operating Income: 72000.0
  • Annual Gross Income: 84000.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 9838.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2016
Closed on
Aug 25, 2017
Sold by
Hva Lp
Bought by
Bdm Ventures Florida Lllp
Seller's Agent
Tammy Springer
Van Arnem Properties Inc.
Buyer's Agent
Tammy Springer
Van Arnem Properties Inc.
List Price
$795,000
Sold Price
$770,000
Premium/Discount to List
-$25,000
-3.14%
Current Estimated Value
$1,927,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,157,199
Avg. Annual Appreciation
11.24%
Original Mortgage
$485,800
Outstanding Balance
$403,084
Interest Rate
3.93%
Mortgage Type
Commercial
Estimated Equity
$1,524,115

Purchase Details

Listed on
Feb 21, 2014
Closed on
Jun 5, 2014
Sold by
Green Sandra G and Estate Of Richard D Green
Bought by
Hva Limited Partnership
Seller's Agent
Liliane Menezes
Link International Realty PA
Buyer's Agent
Tammy Springer
Van Arnem Properties Inc.
List Price
$599,999
Sold Price
$375,000
Premium/Discount to List
-$224,999
-37.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.69%

Purchase Details

Closed on
Jan 3, 2002
Sold by
Bobkatz Properties Inc
Bought by
Green Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,875
Interest Rate
6.99%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 14, 2000
Sold by
Katz Robert F
Bought by
Bobkatz Properties Inc

Purchase Details

Closed on
Nov 18, 1994
Sold by
Murphy Patrick W
Bought by
Katz Robert

Purchase Details

Closed on
Jun 29, 1993
Sold by
Gulfstream Trading Assoc Inc
Bought by
Murphy Patrick W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.48%
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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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
Bdm Ventures Florida Lllp $770,000 Attorney
Hva Limited Partnership $375,000 None Available
Green Richard D $345,000 --
Bobkatz Properties Inc -- --
Katz Robert $103,000 --
Murphy Patrick W $132,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bdm Ventures Florida Lllp $485,800
Previous Owner Green Richard D $301,875
Previous Owner Murphy Patrick W $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2017 09/08/17 Sold $770,000 +12523.0% $233 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
04/01/2017 04/01/17 Rented $6,100 -12.9% --
03/02/2017 03/02/17 Under Contract -- -- --
02/13/2017 02/13/17 For Rent $7,000 0.0% --
09/14/2016 09/14/16 For Sale $795,000 0.0% $241 / Sq Ft
03/15/2016 03/15/16 Rented $5,500 -19.4% --
02/14/2016 02/14/16 Under Contract -- -- --
07/02/2015 07/02/15 For Rent $6,825 0.0% --
06/05/2014 06/05/14 Sold $375,000 -37.5% $180 / Sq Ft View Prior Sale
05/06/2014 05/06/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $599,999 -- $288 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $19,720 $1,025,543 -- --
2024 $19,720 $932,312 -- --
2023 $19,041 $847,556 $1,024,115 $215,351
2022 $16,362 $770,505 $0 $0
2021 $14,560 $700,459 $551,000 $149,459
2020 $15,519 $741,587 $551,000 $190,587
2019 $15,096 $742,541 $570,000 $172,541
2018 $13,184 $633,043 $409,688 $223,355
2017 $10,154 $472,918 $298,506 $174,412
2016 $9,805 $435,394 $0 $0
2015 $9,093 $395,813 $0 $0
2014 $8,417 $344,518 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10267275

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-09-16-002-0170

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