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$2,495,000

Beds
5
Baths
4.0
sq ft
2,244

227 NE 1st Ave, Delray Beach, FL 33444

227 NE 1st Ave

Delray Beach, FL 33444

  • 3 days on market
An EXCEPTIONAL & RARE offering: a meticulously renovated 1938 historic residence,complemented by a separate guest cottage, nestled on the prestigious 'Bankers Row' of Delray Beach. This unparalleled property, has 4 bedrooms & 3 baths in the main home, plus a 1-bedroom, 1-bath guest cottage, all steps from vibrant Atlantic Ave & Pineapple Grove. The main house, updated in 2021, features hurricane-impact glass, elegant tile-wood flooring, an open kitchen w/ gas appliances, a spacious walk-in pantry, dry bar, & a fenced-in backyard with pet-friendly artificial grass. The charming guest cottage, renovated in 2017 with luxury vinyl flooring, presents a proven rental opportunity! A unique blend of historic elegance and contemporary luxury in one of Delray Beach's most coveted locations!

Details

Property type

Single Family Residence

Est. home value

$1,565,897

Lot size

7,260 sq ft

Price per sq ft

$1,112

Year built

1937

Annual property taxes

$12,768

HOA

Yes

Price History

03/26/2025
Beaches

Beaches #R11075142

Listed
$2,495,000
+269.63%
02/09/2017
Beaches

Beaches #R10288651

Sold
$675,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Carver Community

High school: 

Atlantic Technical

Number of units in community: 

2

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pnc Bank Na

Loan start date

June 2017

Original loan amount

$60,000

Est. remaining balance

Not provided

Interest rate

3.18%

Loan type

Commercial, 37 year

Seller

Michael S Perlman

Lender

Pnc Mortgage Llc

Loan start date

February 2017

Original loan amount

$540,000

Est. remaining balance

$454,658

Interest rate

4.3%

Loan type

New Conventional, 30 year

Seller

Michael S Perlman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/29/2025 at 10:05 AM

Listing updated: 03/28/2025 at 10:21 PM

Listed by: Allison Kaufman, Century 21 Stein Posner Phone #: (561) 756-9945

MLS: Beaches #R11075142

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