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$1,995,000

Beds
4
Baths
3.0
sq ft
2,220

410 NE 7th Ave, Delray Beach, FL 33483

410 NE 7th Ave

Delray Beach, FL 33483

  • 16 days on market
Welcome to your private tropical sanctuary in the heart of Delray Beach! This rare three unit property offers classic coastal city charm among one of Florida's top rated beaches. The property boasts a charming 2-bedroom, 1-bathroom single-family home, recently renovated with a beautiful new kitchen with Cafe appliances, and a spacious updated bathroom, as well as two 1-bedroom, 1-bathroom apartments. All three units are connected by an inviting courtyard swimming pool with lush tropical landscaping, creating an idyllic space for relaxation and entertainment. Nestled in vibrant downtown, you'll enjoy immediate access to Atlantic Avenue with an array of restaurants, bars and shops. Do not miss your opportunity to own this unique investment property.

Details

Property type

Single Family Residence

Est. home value

$1,678,629

Lot size

6,752 sq ft

Price per sq ft

$899

Year built

1957

Annual property taxes

$20,438

Price History

10/23/2024
Beaches

Beaches #R11031012

Listed
$1,995,000
+54.65%
05/27/2021
Beaches

Beaches #R10691891

Sold
$1,290,000
+104.79%
05/31/2017
Beaches

Beaches #R10323700

Sold
$629,900
+57.48%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

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

$1,117,529
Asking price
$1,995,000
Closing costs (~8% of asking)
-$159,600
Est. remaining loan balance
-$717,871
Cash to seller
$1,117,529

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

Seller’s Loan History

Lender

Blue Chip Lending Services Inc

Loan start date

May 2021

Original loan amount

$774,000

Est. remaining balance

$717,871

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Michael Melando and Lauren S Melando

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: 11/08/2024 at 8:00 AM

Listing updated: 10/24/2024 at 1:36 AM

Listed by: Dylan Lamb, Compass Florida LLC Phone #: (305) 851-2820

MLS: Beaches #R11031012

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