Cays Realty
5157 Magellan Way E, Delray Beach, FL 33484 — MLS photo

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5157 Magellan Way E, Delray Beach, FL 33484

Active · Residential

$444,900

5157 Magellan Way E, Delray Beach, FL 33484

Beds
2
Baths
2
Living area
1,365 sq ft
$ / sq ft
$326/sq ft
Year built
1989
Lot size
3,450 sq ft
HOA fee
$195 Monthly
Annual tax
$1,674

About this property

Welcome Home to Casa Del Rey! This beautifully fully renovated 2Bed/2Bath Corner Villa features a large master bedroom has a large closet and fully renovated bathroom with luxurious walk-in shower. The 2nd bedroom has a walk-in closet with custom shelving. Start your mornings in the inviting fully renovated eat-in kitchen. The kitchen has all white cabinets & white custom backsplash, pull-out cabinet organizers, cabinet for washer/dryer. and newer appliances. There is a newer air conditioner as well. This home boasts pride of ownership. The home comes with hurricane shutters on all windows and doors. The back patio is a gardeners dream and retreat for relaxing and reading. The community is pet friendly with low HOA fees so makes the perfect fit for many homeowners. Don't miss! The community has amenities such as a large pool with lounge chairs & tables, tennis courts and basketball courts. The new owner must be a resident for a minimum of 18 months before the unit can be leased to a tenant. The villa has a generator hook-up on the side of the villa.

Property location

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5157 Magellan Way E, Delray Beach, FL 33484

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,365 sq ft
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Water Softener Owned, Solar Hot Water, Water Purifier, Washer
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Entrance Foyer, Eat In Kitchen, Main Level Primary, Main Living Area Entry Level, Split Bedrooms, Shower Only, Vaulted Ceilings, Walk In Closets, Pantry, Skylights
Furnished
Unfurnished

Exterior & Structure

Property type
Residential
Year built
1989
Stories
1
Lot size
3,450 sq ft
Architectural style
Cluster Home, Mediterranean, One Story
Roof
Barrel, Tile
Construction
Block
Exterior features
Courtyard, Lighting, Patio, Shutters Electric, Storm Security Shutters
Pool
None, Association, Community
View
Garden

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Driveway, Garage, One Space, Two Or More Spaces, Garage Door Opener

HOA, Community & Financials

Association fee
$195 Monthly
Fee inclusions
Common Area Maintenance, Parking, Pest Control, Pools, Recreation Facilities
Association
Archstone Management
Association contact
561-229-0449
Amenities
Basketball Court, Pool, Tennis Courts
Pets allowed
No
Annual tax
$1,674
Subdivision
CASA DEL REY
County
Palm Beach
Days on market
127
MLS listing ID
B26032387
Listing status
Active

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Estimated monthly cash flow

$609

Cap rate
7.3%
Net yield
7.3%
Cash-on-cash return
5.9%
Gross yield
9.9%
Mortgage payment
$2,109/mo
Down payment
$111,225
Loan amount
$333,675
Annual NOI
$32,616

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.