Closed

Totterdale, 501 Lake Dr, Delray Beach, FL 33444

1,150,000(-6.26% )
$1,077,996Price
2Beds
2Baths
1,297SqFt

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Details

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Status:
Sold - Aug 13, 2024
Parking: 1
Size: 1,297 SqFt (120 m2)
Price: $831/SqFt ($8,946/m2)
Type: Single Family Home
Built: 1971
MLS Number: R11003298
On Site: 385 Days
Updated: 239 Days ago
Page Views: 0
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
Features
Bedrooms
  • Bedrooms: 2
Bathrooms
  • Bathrooms: 2
  • Half Bathrooms: No info
Exterior and Lot Features
    Interior, Heating and Cooling
    • Interior Features: Pantry, SplitBedrooms, WalkInClosets
    • Equipment / Appliances: Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator
    • Heating Description: Central,Electric
    • Cooling Description: CentralAir,Electric
    Building and Construction
    • Floor Description: Carpet,Tile
    • Year Built: 1971
    • Year Built Description: Resale
    Waterfront and Water Access
    • Waterfront Frontage: No info
    School Information
    • Middle School: Carver; G.W.
    • Senior High School: Atlantic Technical
    Other Property Info
    • Garage: 1
    • Listing Date: 2024-07-11T07:34:04.000-00:00
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Taxes: 5575
    • Parking Description: Attached, Driveway, Garage, GarageDoorOpener
    • Total Floors in Building: 1

    Price History

    08/13/2024

    Date

    Sold

    Event

    $1.1M

    Price

    -6.26%

    Change Rate

    $831 ft2 / $8,946 m2

    Price Per

    07/18/2024

    Date

    Listed

    Event

    $1.2M

    Price

    $887 ft2 / $9,544 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Brett ColbyRe/Max Direct • Buyer Agency Compensation .

    Instant Comps

    $400/ft²
    $500/ft²
    $800/ft²
    $1,000/ft²

    Unit 501 Lake Dr – Asking

    $831/ft²

    (+9%) from Closed Medium $/ft²

    Closed Medium $/ft²

    $765/ft²
    Community $/Price Range (Closed) $580/ft² – $831/ft²
    No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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