NOT LISTED FOR SALE

Estimated Value: $601,000 - $674,957

4 Beds
4 Baths
2,560 Sq Ft
$250/Sq Ft Est. Value

Last Sold June 01, 2017

Last sale price $280,000 $109 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $4,298/month

112 Days on Market

Highlights

  • Water Views
  • Open Patio
  • Central Heating and Cooling System
  • Balcony
  • Ceramic Tile Flooring
  • Fenced

About This Home

As of June 2017

Property currently occupied by three tenants, one rents for 700 mo one for 750 per mo. Current market rent for each unit is 850 per unit.Market rent would gross $40,800.00 yearly Current expenses are $7,000.00 Yearly Potential income $33,800.00Once value is negotiated it is firm and not negotiable, buyer may opt out after 7 day inspection period.Tenants will not be removed prior to closing, new owner will decide who stays.

Last Agent to Sell the Property

Francisco Patino

Bellaggio Real Estate Group License #3333700 Listed on: 01/09/2017

Last Buyer's Agent

Francisco Patino

Bellaggio Real Estate Group License #3333700 Listed on: 01/09/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,417

Year Built

  • Built in 1975

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property
  • Water Views

Flooring

  • Carpet
  • Ceramic Tile

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • The lake is a source of water for the property

Listing and Financial Details

  • Total Actual Rent $33,600
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 38434421152790120

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $7,000
  • Net Operating Income $26,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,417

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: I 95 to 6th ave S exit Lake Worth, east to F street, south to property.
  • Year Built: 1975
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2560.0

Exterior Features

  • Exterior Features: Balcony, Fence, Patio
  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421152790120
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: SF-7(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 26600.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 7000.0
  • Total Actual Rent: 33600.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4417.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2017
Sold by
Pilar Plaza Elena Del
Bought by
Madridge Llc
Current Estimated Value
$640,989

Purchase Details

Closed on
Nov 8, 2002
Sold by
Arsenault William R
Bought by
Plaza Elena Del Pilar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,900
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Madridge Llc $280,000 Sunbelt Title Agency
Plaza Elena Del Pilar $137,000 Universal Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Plaza Elena Del Pilar $95,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2017 06/01/17 Sold $280,000 -3.4% $109 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
01/09/2017 01/09/17 For Sale $290,000 -- $113 / 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 $10,957 $395,529 -- --
2023 $10,125 $359,572 $0 $0
2022 $9,141 $326,884 $0 $0
2021 $8,796 $321,522 $138,000 $183,522
2020 $8,172 $289,199 $138,000 $151,199
2019 $7,477 $245,593 $92,000 $153,593
2018 $7,092 $234,970 $91,728 $143,242
2017 $4,552 $184,233 $65,520 $118,713
2016 $4,417 $90,285 $0 $0
2015 $3,821 $82,077 $0 $0
2014 $3,592 $74,615 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10297058

BeachesMLS

APN: 38-43-44-21-15-279-0120