NOT LISTED FOR SALE

1022 N Federal Hwy Boynton Beach, FL 33435

Downtown Boynton Neighborhood

Estimated Value: $1,007,787

0.38 Acre
$2,652,071 Price per Acre
16,553 Sq Ft Lot

Last Sold May 31, 2024

Last sale price $1,000,000

Est. 1% increase in value since last sale

Current estimated payment $6,716/month

321 Days on Market

About This Lot

As of May 2024

Location Location Location!!!! Commercial Corner Lot Vacant Land on corner of busy Federal and Martin Luther King. This property happens to be located in the "Opportunity ZONE". One of the major benefits afforded by opportunity zones primarily include the permanent exclusion of taxable income on any new capital gains. Very Rare, but it is this property! Zoned C-4 good for Car Wash, Hotel/Motel, Restaurant, Health Facility, Urgent Care, Laundry and many more options to build. Great Opportunity in an up and coming area. Close and conveniently located to Numerous National Retailers such as Publix, Panera, and Wells Fargo Bank to name a few. Seller is motivated and ready to review your offer. Structure on Property is a total knockdown. Price is for the Land only. Call with any questions!

Last Agent to Sell the Property

Serafin Herrera

LoKation Brokerage Phone: 305-308-3748 License #3503665 Listed on: 05/09/2023

Co-Listed By

Cathy Fuentes

LoKation Brokerage Phone: 305-308-3748 License #3504728

LoKation

Last Buyer's Agent

Cathy Fuentes

LoKation Brokerage Phone: 305-308-3748 License #3504728

LoKation

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,055

Year Built

  • 1938

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 132x125
  • Property is zoned C4 (city

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Lake Add To Boynton Condos
  • Lake Add To Boynton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 08434521320030200

Property Details

Property Type

Land

Est. Annual Taxes

$10,055

Year Built

1938

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Co List Office Mls Id: RALE02
  • Co List Office Phone: 954-545-5583
  • Horses: No
  • Lot Size Acres: 0.38
  • Lot Size: 132x125
  • New Construction: No
  • Road Frontage Type: County Road
  • Subdivision Name: LAKE ADD TO BOYNTON
  • Attribution Contact: 305-308-3748
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Year Built: 1938

Interior Features

  • Possible Use: Unknown/Withheld, None

Exterior Features

  • Lot Features: City Location, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LAKE ADD TO BOYNTON

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Natural Gas Connected, Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 08434521320030200
  • Current Use: Unimproved Business/Commercial
  • Lot Size Sq Ft: 16575
  • Zoning: C4 (city
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
May 31, 2024
Sold by
Yellowbeard Inc
Bought by
Boynton Beach Cmty Redevelopme
Seller's Agent
Serafin Herrera
LoKation
Buyer's Agent
Cathy Fuentes
LoKation
List Price
$970,000
Sold Price
$1,000,000
Premium/Discount to List
$30,000
3.09%
Total Days on Market
321
Views
115
Current Estimated Value
$1,007,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,787
Avg. Annual Appreciation
0.78%

Purchase Details

Closed on
Nov 22, 2002
Sold by
Bills Scott T and Bills Mary Jo
Bought by
Yellowbeard Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 1996
Sold by
Rosen Ronni Kulla
Bought by
Bills Scott T
Source: Public Records

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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
Boynton Beach Cmty Redevelopme $1,000,000 None Listed On Document
Boynton Beach Cmty Redevelopme $1,000,000 None Listed On Document
Yellowbeard Inc $200,000 Fidelity National Title Ins
Bills Scott T $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yellowbeard Inc $292,500
Previous Owner Yellowbeard Inc $450,000
Previous Owner Yellowbeard Inc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $1,000,000 -8.4% --
03/26/2024 03/26/24 Pending -- -- --
02/29/2024 02/29/24 Price Changed $1,092,000 +12.6% --
05/09/2023 05/09/23 For Sale $970,000 -- --
Source: MIAMI REALTORS® MLS

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 $12,705 $459,811 -- --
2023 $12,023 $418,010 $435,094 $72,421
2022 $11,369 $380,009 $0 $0
2021 $10,055 $345,463 $286,582 $58,881
2020 $10,087 $345,793 $286,582 $59,211
2019 $10,084 $339,118 $272,990 $66,128
2018 $9,779 $334,137 $265,034 $69,103
2017 $9,671 $321,931 $252,437 $69,494
2016 $9,247 $304,569 $0 $0
2015 $9,180 $290,600 $0 $0
2014 $9,281 $285,687 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Serafin Herrera

    LoKation Real Estate

  • C

    Seller Co-Listing Agent in 2024

    Cathy Fuentes

    LoKation Real Estate

    (305) 989-7317

    1 in this area

    17 Total Sales

    Cathy Fuentes
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11384559

MIAMI REALTORS® MLS

APN: 08-43-45-21-32-003-0200

Florida Palm Beach County Boynton Beach 33435 Downtown Boynton

1022 N Federal Hwy, Boynton Beach, FL

This home is located at 1022 N Federal Hwy, Boynton Beach, FL 33435 since 09 May 2023 and is currently estimated at $1,007,787. This property was built in 1938. 1022 N Federal Hwy is a home located in Palm Beach County with nearby schools including Rolling Green Elementary School, Boynton Beach Community High School, and Lantana Middle School.

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