$125,000
SOLD MAR 2, 2012
-- Bed
-- Bath
1,946 Sq Ft
10,324 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

22% Below List Price

837 Days on Market

Highlights

  • Garden View
  • Terrazzo Flooring
  • Central Heating and Cooling System
  • Palm Beach Gardens Elementary School Rated A

About This Home

As of March 2012

GREAT DUPLEX OPPORTUNITY IN THE HEART OF PALM BEACH GARDENS-2 BED UNITS WITH WASHER AND DRYERS IN THE UNIT-TENANTS ARE FLEXIBLE-GOOD RENTAL HISTORY-APPT NEEDED

Last Agent to Sell the Property

Peter Martinsen

RE/MAX Island Properties Listed on: 10/14/2009

RE/MAX Island Properties

Co-Listed By

Angelina Martinsen

RE/MAX Ocean Properties

Last Buyer's Agent

Peter Martinsen

RE/MAX Properties License #3223779

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,756

Year Built

  • Built in 1963

Home Design

  • Duplex
  • Concrete Roof

Interior Spaces

  • 1,946 Sq Ft Home
  • 1-Story Property
  • Terrazzo Flooring
  • Garden Views

Additional Features

  • Lot Dimensions are 73 x 140
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $20,400
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 52424212000005110

Community Details

Overview

  • 2 Units
  • Acreage & Unrec Subdivision

Building Details

  • Operating Expense $5,516
  • Net Operating Income $14,884

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,756

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: HOLLY OFF MILITARY TRAIL(PBG HIGH STREET)-BEFORE I 95 OVERPASS-(L) PLANT DR
  • Year Built: 1963
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Terrazzo
  • Living Area: 1946.0

Exterior Features

  • Exterior Features: None
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No

Lot Info

  • Parcel #: 52424212000005110
  • Lot Size: 73 X 140
  • Zoning Description: MULTI-FA

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 14884.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5516.0
  • Total Actual Rent: 20400.0

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 2756.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2018
Sold by
Beg 3918 Llc
Bought by
Beg 3918 Llc
Current Estimated Value
$595,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$969,049
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
-$383,613

Purchase Details

Closed on
Jul 12, 2018
Sold by
Beg 3918 Llc
Bought by
Popular Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$969,049
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
-$383,613

Purchase Details

Closed on
Aug 12, 2016
Sold by
E And I Managemetjn Serve4ise Viii Llc
Bought by
Beg 3918 Lllc

Purchase Details

Listed on
Oct 14, 2009
Closed on
Mar 1, 2012
Sold by
Guay Evelyn A
Bought by
E & U Manangement Services Vii Ll
Seller's Agent
Peter Martinsen
RE/MAX Island Properties
Buyer's Agent
Peter Martinsen
RE/MAX Properties
List Price
$159,900
Sold Price
$125,000
Premium/Discount to List
-$34,900
-21.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.18%

Purchase Details

Closed on
Nov 12, 2008
Sold by
Guay Evelyn
Bought by
Guay Evelyn A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Attorney
Warranty Deed $242,857 Clarion Title Co Inc
Warranty Deed $125,000 Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,100,000 Commercial
Closed $1,100,000 Commercial
Closed $1,100,000 Commercial
Previous Owner $100,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2013 05/29/13 Rented $1,100 -6.4% --
04/29/2013 04/29/13 Under Contract -- -- --
01/04/2013 01/04/13 For Rent $1,175 0.0% --
03/02/2012 03/02/12 Sold $125,000 -21.8% $64 / Sq Ft
02/01/2012 02/01/12 Pending -- -- --
10/16/2009 10/16/09 For Sale $159,900 -- $82 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,697 $326,798 -- --
2023 $6,302 $297,089 $0 $0
2022 $5,757 $270,081 $0 $0
2021 $5,198 $278,724 $90,720 $188,004
2020 $4,572 $223,207 $79,920 $143,287
2019 $4,469 $215,287 $72,000 $143,287
2018 $3,931 $204,304 $75,284 $129,020
2017 $3,550 $170,176 $65,464 $104,712
2016 $2,831 $129,097 $0 $0
2015 $2,638 $117,361 $0 $0
2014 $2,620 $114,301 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R3058719

BeachesMLS

APN: 52-42-42-12-00-000-5110