Condo in Delray Beach, FL 33445

The Pines Of Delray, 1101 Cactus Ter #103

Pines of Delray. Sharp looking 1st floor retreat that has been transformed into a bright modern inviting space with premium Fortress impact widows and doors -offering exceptional security and quietness. This move-in ready 1167 sqft 2 bedroom/2 bath residence also features 47'' x 8'' Sterling Oak Luxury Vinyl Plank flooring throughout as well as walls recently painted in designer colors; 6'' baseboards, all modern light fixtures and door handles, recessed lights in kitchen ceiling and all rocker light switches. There's also a 16' x 10' screened patio with an adjacent open patio for your gas grill. PLUS Installed in 2020: new top freezer-refrigerator, new smooth top range and new dishwasher.; 2019 30 gallon water heater ;Badger 900 3/4 HP disposal; Square-D electric panel, faux wood blind WELCOME TO THE PINES OF DELRAY - a 684-unit condominium community comprised of 115 buildings (56 two-story 8-plex buildings and 59 one-story 4-plex buildings) and situated on 72 acres conveniently located off the northeast corner of Linton Blvd and Homewood Blvd -which is within the city limits of Delray Beach and just a 2.5 mile drive to the Atlantic Ocean and parking. There are also 2 clubhouses, 2 heated pools, 2 fitness rooms as well as several activity courts. At least one occupant must be 55+, co-occupants must be 18+ and you can have up to 2 indoor cats as pets. THE CONDOMINIUM ASSOCIATION DOES REQUIRE THE REPLACEMENT of the following items inside any unit. The existence of these items should be disclosed upfront to prospective buyers. *A Federal Pacific Electrical Panel. *A non-hard wired hot water heater. *A water heater than is beyond the life expectancy indicated by the manufacturer....which is generally any water heater installed pre-2008. CONDOMINIUM DOCUMENTS: The following 10 up-to-date documents will be provided to a buyer at the time of contract. Make sure you are not provided with obsolete or outdated documents. *The Amended & Restated Declaration of Condominium (2015) *The Amended & Restated Article of Incorporation. (2015) *The Amended & Restated By-Laws (2015) (NOTE: there are currently no amendments to the above 3) *Most recent Rules & Regulations Booklet (2015 edition) *Frequently Asked Question and Answer Sheet (2021) *Not-For-Profit Corporate Annual Report (2021) *Approved Condominium Budget (2021) *Most recently published year end financial audit. *DPR's Condominium Governance Booklet (2021) *The EPA's "Protect Your Family From Lead Booklet"(2021) Upon delivery (via 3 separate emails) a signed and dated receipt for these documents should be returned within 24 hours. Hard copies will be available at closing upon request. ************************************************* Additional information about the Pines of Delray: *ALL units pay the same $391/month condo fee. Approximately 12.5% of the $391 goes to fully funded reserves. If a condominium's reserve percentage is less than 10%, then its usually a red flag. There is also NO recreational lease or land lease. *Smoking is allowed within your unit BUT is prohibited on catwalks, stairwells, front door stoops, front walk-ways or in the open patio areas in front of first floor end units in the 8-plex buildings. *The Pines of Delray is totally condominium ownership. Its a COA (Condominium Owners Association) and NOT an HOA (Home Owners Association). And unlike HOAs, Florida COAs are prohibited from charging new owners a "capital contribution" fees. COAs are also prohibited from charging a buyer an approval application fee(including any other so-called transfer fees) in excess of $100 per couple or per single. *A small personal (no signage) empty-bedded non-commercial pick-up truck is OK (subject to association review of vehicle) *In order to be able to lease out a unit a new owner must have 18-months of ownership plus no more than 20% of the total units in the complex can already be under an approved lease at the time your prospective tenant files an approval application with the association. The rental percentage is currently below 20%. Once eligibility is met, rentals can be once per 12 month period with a 4-month minimum term. And a landlord permit must be obtained from the City of Delray Beach. *Up to 2 indoor cats (no outdoor litter boxes), 2 quiet caged birds or aquarium fish are allowed. *Each unit gets one assigned space and guest spots are open to all; although it is encouraged that you use the guest spots closest to your building first. *Motorcycles are OK, but not encouraged. *The Pines of Delray is within the city limits of Delray and is NOT in so-called "county Delray Beach"--which is generally anything WEST of Military Trail. *The Pines of Delray was built in 13 phases from 1974 to 1979. The majority of the buildings were constructed in 1976-1977. Only 6 buildings were constructed in 1978 (96-99 and 108-109) and 2 in 1979 (29-30). So check the building number in the legal description shown to see if the year built isn't be misrepresented to you.