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$1,500,000

Beds
4
Baths
6.0
sq ft
5,700

330 NE 1st Ave, Delray Beach, FL 33444

330 NE 1st Ave

Delray Beach, FL 33444

  • Coming soon
Just three blocks from Old School Square in the heart of downtown Delray, this oversized 1.5-lot property sits on a quiet, tree-lined street within a historically designated district--and it's ready for someone with vision to bring it to life.The existing structure has been completely gutted, and the property is being sold as-is. But here's the exciting part: plans have already been approved by the Historic Preservation Board for a beautifully reimagined main home and expanded guest cottage, along with a new freestanding 2.5-car garage that includes a spacious office, full bath, and open loft or gym space above--ideal for today's flexible live/work lifestyles.Zoned for both residential and certain commercial uses, this property offers versatility few others can match. Whether you

Details

Property type

Single Family Residence

Est. home value

$1,662,946

Lot size

9,827 sq ft

Price per sq ft

$264

Year built

1929

Annual property taxes

$15,727

Price History

10/30/2024
Beaches

Beaches #R10931841

Removed
$1,500,000
05/09/2024
Beaches

Beaches #R10931841

Price change
$1,500,000
-21.05%
10/30/2023
Beaches

Beaches #R10931841

Listed
$1,900,000
+146.4%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Negotiation Insights

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

Seller could get up to

$922,108
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$457,892
Cash to seller
$922,108

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2020

Original loan amount

$510,400

Est. remaining balance

$457,892

Interest rate

3.51%

Loan type

New Conventional, 30 year

Seller

Laura Derrickson and Stephen Derrickson

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: Coming Soon

Tomo last checked: 03/30/2025 at 11:50 PM

Listing updated: 03/27/2025 at 7:56 PM

Listed by: Laura Derrickson, Keller Williams Coastal Partners Phone #: (561) 209-2500

MLS: Beaches #R11075824

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