42 Palm Square, Delray Beach, FL, 33483 | $1,849,000

This 1939 Renovated cottage in the Marina Historic District is a short walk to Atlantic Avenue, the Intracoastal Waterway, and the magnificent Delray public Beach.
Delray is a charming town with exciting shops, restaurants and endless entertainment. It is easily accessible to Palm Beach international Airport.
This charming residence has been beautifully renovated and expanded in 2014 by local builder Curtis Meade and historic architect Roger Cope.
Key features include:
- Hurricane- impact windows and doors
- Victorian metal shingle roof
- Elegant Victorian wrought iron fencing at the front of the property Key features include: - Hurricane- impact windows and doors - Victorian metal shingle roof - Elegant Victorian wrought iron fencing at the front of the property - Authentic Dade County pine flooring and original tongue-and-groove cypress walls/ (beadboard ceiling in the enclosed front porch). - Upgraded tiled bathrooms: two featuring glass shower doors and one with a tub - Spacious expansion that includes a modern kitchen with an oversized island, dining area, and media/sitting space - High ceilings complemented by beams and woodwork crafted from reclaimed cypress from the original structure. Tile flooring and stainless steel appliances, including a KitchenAid gas stove and dishwasher, enhance the kitchen's appeal. Custom cabinetry with lighting and a vintage built-in cabinet with glass doors complete the space. - Exquisite Carrara marble countertops and backsplashes/stove surround - Convenient laundry room adjacent to the kitchen, with washer and dryer included - Cozy working wood fireplace - Sliding doors seamlessly connect the living room to the porch area - Solar tube installed for enhanced natural lighting - Enclosed backyard with two entry gates and a backyard that could potentially accommodate a pool - Two trellises providing shade over outdoor patio and barbecue areas, plus a canvas awning over the garage entry decking - Attic access with blown-in insulation SPECIFIC DETAILS: The owner can provide all building plans for the 2014 renovation and the most recent insurance 4-point inspection dated November 9, 2023. AIR CONDITIONING/HEATING: The installed unit, maintained semi-annually by Astro Air since 2014, includes a new compressor from 2016 and an air handler in the attic. A separate 3. 5-ton split system for the garage area was installed in 2017 (Pioneer). The attic features blown-in insulation, with additional FPL discounts available due to insulation. Hurricane windows and doors are installed in the main house, and while the garage has hurricane windows, the historic garage door and "Dutch" door remain. Hurricane mitigation has been applied for insurance, with installations completed in 2014. Wooden shutters are attached for decorative purposes in accordance with historic standards. The rear windows date back to the 2014 renovation by SWI, and windows in the historic front portion were installed in June 2017 by Prestige. ROOF: The main house and garage feature a Victorian metal shingle roof, with a newly structured roof and hurricane straps added during the 2014 renovation. Hurricane insurance mitigation for roofing has been approved. Ametco completed the garage roof in 2016. UTILITIES: - FPL electric: lines were buried during renovation; new panels and wiring comply with 2014 codes - FPU gas: KitchenAid stove connected, with lines running to the laundry room, installed during the renovation with new lines buried from the main front line at the street, alongside new meter and tankless water heater. - Wi-Fi/Cable: Conduits for lines buried during the 2014 renovation. Cable-ready though currently utilizing T-Mobile wireless for internet and television services. - Access to city water, waste management, and sewage services. FENCING/TRELLISES/YARD: The entire rear property is enclosed with entry gates on both sides. An antique wrought iron fence secures the front, complemented by trellises over the side gate and over the grill/deck area, along with a covering over the outdoor patio area near the kitchen back door. The east garage entry features a canvas awning. Stone patio areas extend around three sides of the rear lawn and along the east side of the garage, with ample space for a pool in the rear lawn area. The mature landscaping includes a Jacaranda, Alfonso Mango, Lychee tree, Guava, and Pride of India tree in the front, alongside Crepe Myrtles and exotic species like Lignum vitae, bay trees, vanilla bean vine, and black pepper vine in the rear. Various palm and shade trees, such as Frangipani, further enhance the property. A sprinkler system is in place, and the exterior was painted in March 2021. A generous driveway accommodates multiple vehicles, and as part of the Marina Historic District, street parking is exclusively for residents with an annual permit cost of $60 (covering two permits). The owner can provide all renovation plans from 2014 as well as the latest insurance 4-point inspection conducted on November 9, 2023. Additionally, utility costs are remarkably low, with estimates and bills available upon request. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information.

Features

  • Amenities: None
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside
  • Year Built: 1939
  • Heating: Other
  • Cooling: Central Air, Ceiling Fan(s), Other
  • Approx Sq. Feet: 1,455
  • Acreage: 0.11
  • Est. Taxes: $13,120
  • Lot Desc: Fruit Tree(s)
  • Elem. School: Pine Grove
  • Middle School: Carver Community
  • High School: Atlantic
  • Pet Policy: Yes, No Restrictions
  • Appliances: Gas Water Heater, Dryer, Dishwasher, Gas Range, Refrigerator, Water Heater
  • MLS#: RX-11081945
  • Website: https://www.raveis.com
    /eprop/RX-11081945/42palmsquare_delraybeach_fl?source=qrflyer
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All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Listing courtesy of Lehmann Realty Inc.

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NMLS Mortgage Loan Originator ID 16953

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42 Palm Square, Delray Beach, FL, 33483

$1,849,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,479,200 $1,479,200 $1,479,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.289% 6.373% 6.203%
Monthly Tax Payment $1,093 $1,093 $1,093
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,750 $9,108 $12,482
Total Monthly Payment $9,968 $10,326 $13,700

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.