Located in the highly desirable Delray Beach downtown area, this spacious house presents a unique investment opportunity. The property sits on a generous lot that provides the potential for redevelopment into one or possibly two single-family homes or townhomes. With the option to tear down the existing structure and reimagine the space, this property offers endless possibilities for customization and value appreciation. Embrace the beauty and charm of Delray's Beaches while creating your dream home(s) in this prime location!
This property is $2.5M more than the Median Sold Price in Delray Beach, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-11033073
Listing Office:
Office Name: Engel & Voelkers Delray Beach
Office Phone: (561) 362-2888
Listing Agent: Megan K Lake
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 29, 2004
Jan 29, 2004Home Sold
$430,000
Dec 15, 2003
Dec 15, 2003Home Sold
$330,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$7,524
$394,948
2019
$7,425
$386,068
2018
$7,118
$378,869
2017
$7,094
$371,076
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.7K
Per Month
Principal & Interest
$14.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,911
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
S. D. Spady Elementary School
901 NW 3rd St
Distance between this listing and this school1.09 miles
Public Magnet Grades PK-5
7
/10
Pine Grove Elementary School
400 SW 10th St
Distance between this listing and this school1.52 miles
Public District Grades EE-5
6
/10
Crosspointe Elementary School
3015 S Congress Ave
Distance between this listing and this school2.89 miles
Public Magnet Grades PK-5
Nearby Schools
6
/10
Plumosa School of the Arts
2501 Seacrest Blvd
Distance between this listing and this school1.60 miles
Public Magnet Grades KG-8
3
/10
Carver Community Middle School
101 Barwick Rd
Distance between this listing and this school2.94 miles
Public Magnet Grades 6-8
2
/10
Congress Middle School
101 S Congress Ave
Distance between this listing and this school4.26 miles
Public Magnet Grades 6-8
Nearby Schools
4
/10
Village Academy On The Art & Sara Jo Kobacker Campus
400 SW 12th Ave
Distance between this listing and this school1.51 miles
Public Magnet Grades PK-12
5
/10
Atlantic Community High School
2455 W Atlantic Ave
Distance between this listing and this school2.00 miles
Public Magnet Grades 9-12
1
/10
South Area Secondary Intensive Transition Program
1300 SW 3OTH Avenue
Distance between this listing and this school2.53 miles
The neighbors living near this home have an average income of $65,430. Typical income of Delray Beach, FL residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 701 NE 2nd St
What is the listing price of this property?
The listing price of 701 NE 2nd St property is $2,950,000.
What type of property is this?
The property 701 NE 2nd St is land located in Delray Beach, Florida, 33483.
Is this property for sale now?
Active Listing: 701 NE 2nd St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $7,524 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 29, 2004 for $430,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 701 NE 2nd St in Delray Beach, FL and zip code 33483. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $2,950,000.
Over 2 listings were sold over their listed price in November 2024 in Delray Beach, FL. In the same period over 129 listings were sold below the listed price and 19 listings were sold for the listed price. The inventory of homes for sale in Delray Beach, FL between October 2024 and November 2024 increased by 9.6%. While the average time on the market in November 2024 was 71 days, the median list price was $373,687.
From Rocket Homes Real Estate and based on county public records data.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
Live Theatre
Live Theatre
Major League Soccer (MLS)
Art Museums
Bloomingdales
Banana Republic
Nordstrom Rack
Boston Market
Jack In The Box
Starbucks
Mercedes
Toyota
Audi
News
Jazz
Rhythmic Contemporary Hits