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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

  • 250 days on market
    • Price drop $400,000↓
Investor's Paradise Unveiled! Seize the renovation opportunity of a lifetime with this extraordinary gem nestled in the heart of downtown Delray, just a stone's throw away from prestigious Bankers Row. Endless potential, architectural designs approved by Delray Historic with full engineering/plans. May be residential or commercial. Stunning main house on 1.5 lots w/double verandas, 3 bedrms, 3 full + 2 half baths, elevator, theater, and loft, PLUS a charming 1/1 cottage. Add to that a 2.5-car garage with a second-story apartment, ideal for an office & gym, +2 add'l parking spaces.Full outdoor kitchen and jacuzzi. The location is superb, just a short walk to Atlantic Ave, Pineapple Grove, and numerous restaurants & shops. More than an investment; it's a gateway to a fabulous lifestyle!

Details

Property type

Single Family Residence

Est. home value

$1,662,946

Lot size

0.24 acres

Price per sq ft

$264

Year built

1929

Annual property taxes

$15,107

Price History

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%
03/19/2020
Beaches

Beaches #R10572554

Sold
$771,100

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

$913,633
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$466,367
Cash to seller
$913,633

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

$466,367

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?

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Status: Active

Tomo last checked: 07/06/2024 at 3:55 AM

Listing updated: 05/11/2024 at 12:36 PM

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

MLS: Beaches #R10931841

Beaches logo