Home » Delray Beach » 501 Lake Drive, Delray Beach, FL 33444 | R11003298/RX-11003298

Sold 501 Lake Drive, Delray Beach, FL 33444

$1,150,000
closed for a price of $1,077,996

Property Highlights

Listing ID R11003298/RX-11003298 Status of this Listing: Closed Sold Property Type Residential Single Family House 2 Bedrooms 2 Bathrooms Total 2 Full Bath Living Space 1,297 Sqft/120.50 m2 approx. Building Area 2,161 Sqft/200.76 m2 approx. Lot area 9,375 Sqft/870.97 m2 approx. Year Built 1971 Time of this property from published date until Closing Date 33 Days

501 Lake Drive, Delray Beach, FL 33444

Property Description: Seize the opportunity to renovate, build new, or develop an investment property on this expansive 9,375 square foot lot, ideally situated in the coveted Lake Ida neighborhood of Delray Beach. This prime piece of real estate offers the perfect chance to immerse yourself in one of Delray 's most prestigious areas, just blocks from the vibrant Atlantic Avenue. Lake Ida is a rapidly growing community, with a surge of new construction projects enhancing its appeal. Newly built homes in the vicinity are commanding prices well over $3 million, underscoring the potential for substantial returns on investment. The property benefits from proximity to numerous local builders, making the development process seamless. Enjoy easy access to an array of area attractions, including

Residential Single Family House Sold located at 501 Lake Drive Delray Beach FL 33444 in Palm Beach referenced as ID MLS # R11003298. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:Pending Inspections
Original List Price:$1,150,000
Close Price:$1,077,996

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Property Condition:
  • Resale
Construction Materials:
  • Block
Flooring:
  • Carpet
  • Tile
Number of stories:1

Property Features

Waterfront:No
Furnished:
  • Unfurnished
Appliances:
  • Dishwasher
  • Refrigerator
  • Electric Range
  • Electric Water Heater
Interior Features:
  • Pantry
  • Split Bedrooms
  • Walk-in Closet(s)
Roof:
  • Concrete
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$5,575

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Va Loan
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:Yes
Amenities Provided by the Homeowner's Association (HOA):
  • Other
Subdivision Name:TOTTERDALE ADD
Community Features:
  • Non-gated
Complex Name:TOTTERDALE ADD
Senior Community:No
Restrictions:No Restrictions

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Attached Garage:Yes
Parking Features:
  • Driveway
  • Garage
  • Garage Door Opener
  • Attached

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

High School:Atlantic Technical
Middle Or Junior School:Carver; G.w.

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Electricity Available
  • Sewer Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Housing Older Persons ActNo HOPA
Data exchange original Listing NumberRX-11003298
Type of Governing BodiesNo Governing Body
Ref1077329523

Zoning and Legal

Tax Legal Description:TOTTERDALE ADD LOT 4 BLK 4
Real Estate Folio Number (Parcel Number):12434608200040040
Zoning Description:R-1-AA

Listing History

Update/EventDate/Days
Published Date:July 11, 2024 7:34 am
On Market Date:July 11, 2024
Listing Contract Date:July 11, 2024
Contingent Date:July 14, 2024
Close Date:August 13, 2024
Last Important Update Description:Closed
Date and Time of Last Important Update:August 13, 2024 3:34 pm
Status Last Changed:August 13, 2024 12:00 am
Photos Last Modified:July 11, 2024 1:03 pm
Last Modified:December 3, 2024 6:51 pm
Days on the Market Reference Date:December 3, 2024
Days on the Market (updated on Last Modified*):3
Cumulative Days on the Market (updated on Last Modified**):3

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot,West Of Us 1,
Number of Photos:35
Location:,
Included:,,
Geographical Area:Palm Beach 4220a; 4230b; 4360a; 4370b
Area:4460
Automated Valuation Display:Yes
Courtesy of:Re/Max Direct
Universal Property Id:US-12099-N-12434608200040040-R-N

Location

Show Property Address:Yes
Street Name:Lake Drive
Street Number:501
Street Address:501 Lake Drive
City : Delray Beach
State : Florida
Zip Code : 33444
County : Palm Beach
Full Address:501 Lake Drive, Delray Beach, FL 33444
Latitude:N26° 28' 54.6''
Longitude:W81° 55' 18.1''

Neighborhood

Postal City:Delray Beach

Property Map

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