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$1,750,000

Beds
4
Baths
3.0
sq ft
1,270

701 SE 1st St, Delray Beach, FL 33483

701 SE 1st St

Delray Beach, FL 33483

  • 221 days on market
    • Price drop $49,000↓
THE VINTAGE AND HISTORICALLY IMPORTANT 'LAWRENCE' TRIPLEX - IN DELRAY BEACH'S FIRST NATIONALLY HISTORIC DESIGNATED MARINA DISTRICT, IS ZONED RM OR MULTI-FAMILY, PRESENTING AN EXCELLENT INVESTMENT OPPORTUNITY, WITH A 10-YEAR TAX ABATEMENT INCENTIVE AVAILABLE TO A PURCHASER WHO BUYS IN THE HISTORIC DISTRICT AND MAKES IMPROVEMENTS ON THEIR PROPERTY, A GREAT LOCATION 1 BLK OFF ATLANTIC, NEAR THE CITY MARINA, AND IN WALKING DISTANCE TO THE LEGENDARY DELRAY BEACHES. ROGER COPE, THE ACCLAIMED, AWARD-WINNING, DELRAY ARCHITECT WHO SPECIALIZES IN HISTORIC PRESERVATION PROJECTS, IS IN THE PROCESS OF RE-IMAGINING THE LUSTER AND GRANDEUR OF THIS RARE AND HISTORIC GEM. THESE CONCEPT POSSIBILITIES TO INCLUDE A FULL BASEMENT, 2-CAR GARAGE, MASTER SUITE, 2ND STORY ADDITION, AND CUSTOM POOL DESIGN.

Details

Property type

Single Family Residence

Est. home value

$1,352,334

Lot size

5,576 sq ft

Price per sq ft

$1,378

Year built

1926

Annual property taxes

$12,023

Price History

08/28/2024
Beaches

Beaches #R10974144

Price change
$1,750,000
-2.72%
04/01/2024
Beaches

Beaches #R10974144

Listed
$1,799,000
+212.33%
04/15/2016
Beaches

Beaches #R10187755

Sold
$576,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

3

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

$1,269,615
Asking price
$1,750,000
Closing costs (~8% of asking)
-$140,000
Est. remaining loan balance
-$340,385
Cash to seller
$1,269,615

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

April 2016

Original loan amount

$417,000

Est. remaining balance

$340,385

Interest rate

3.62%

Loan type

New Conventional, 30 year

Seller

Roger Cope

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 11:10 AM

Listing updated: 10/01/2024 at 11:06 AM

Listed by: Gayle Clark, The Corcoran Group Phone #: (561) 278-0433

MLS: Beaches #R10974144

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