NOT LISTED FOR SALE

1022 S M St Unit 1&2 Lake Worth, FL 33460

Pineapple Beach Neighborhood

Estimated Value: $495,000 - $613,538

3 Beds
2 Baths
1,719 Sq Ft
$336/Sq Ft Est. Value

Last Sold June 15, 2016

Last sale price $174,750 $102 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $3,874/month

104 Days on Market

Highlights

  • Wood Frame Window
  • Tile Flooring
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of June 2016

A SOLID CBS STRUCTURE, A SOLID INCOME-PRODUCING INVESTMENT. THIS CONCRETE-BLOCK LEGAL DUPLEX IS COMPRISED OF AN OVERLY SPACIOUS TWO BEDROOM UNIT AND A ONE-BEDROOM + DEN UNIT RENTED AT $850/MO. BOTH APARTMENTS ARE UPDATED AND FEATURE ATTRACTIVE TILE FLOORS THROUGHOUT. EACH TENANT HAS THEIR VERY OWN DRIVEWAY FOR CONVENIENT OFF-STREET PARKING.400 SQUARE FOOT GARAGE ON THE PROPERTY AS WELL. THIS IS PART OF A FULLY LEASED 47 UNIT STABILIZED PORTFOLIO AND CAN BE SOLD IN GROUPS, IN FULL, OR INDIVIDUALLY. EMAIL THE LISTING AGENT FOR A COMPLETE LIST.

Last Agent to Sell the Property

Nicole Evasius

Realty Today Inc. License #3208819 Listed on: 02/01/2016

Last Buyer's Agent

Kevin Hildreth

Better Homes & Gdns RE Fla 1st

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,567

Year Built

  • Built in 1960

Lot Details

  • 10,125 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,719 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows
  • Wood Frame Window
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $19,200
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 38434427010380021

Community Details

Overview

  • 2 Units
  • Lake Worth Town Of Add 1 Subdivision

Building Details

  • Operating Expense $5,850
  • Net Operating Income $12,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,567

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 6th Ave S east of 95 to S M Street then south to the property.
  • Year Built: 1960
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1719.0
  • Window Features: Single Hung, Wood Frames

Exterior Features

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

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 38434427010380021
  • Lot Size Sq Ft: 10125.0
  • Zoning Description: SFR
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 12390.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5850.0
  • Total Actual Rent: 19200.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2567.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2018
Sold by
Cagney John
Bought by
Ortiz Uriel and Freedom Land Trust
Current Estimated Value
$577,135

Purchase Details

Listed on
Feb 1, 2016
Closed on
Jun 15, 2016
Sold by
Rosebud House Llc
Bought by
Cagnery John
Seller's Agent
Nicole Evasius
Realty Today Inc.
Buyer's Agent
Kevin Hildreth
Better Homes & Gdns RE Fla 1st
List Price
$215,000
Sold Price
$174,750
Premium/Discount to List
-$40,250
-18.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.83%
Original Mortgage
$193,325
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 1, 2016
Closed on
Jun 1, 2016
Bought by
Cagney John
Seller's Agent
Nicole Evasius
Realty Today Inc.
Buyer's Agent
Kevin Hildreth
Better Homes & Gdns RE Fla 1st
List Price
$215,000
Sold Price
$174,750
Premium/Discount to List
-$40,250
-18.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,325
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 2009
Sold by
Malczyk Maria Lidia
Bought by
Malczyk Maria Lidia
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 Buyer Sale Price Title Company
Ortiz Uriel $295,000 Horizon Title Services Inc
Cagnery John $174,750 Horizon Title Services Inc
Cagney John $174,800 --
Malczyk Maria Lidia -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cagnery John $193,325
Previous Owner Cagney John $193,325
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2016 06/15/16 Sold $174,750 -18.7% $102 / Sq Ft
05/16/2016 05/16/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $215,000 -- $125 / 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 $9,583 $342,250 -- --
2023 $8,632 $311,136 $0 $0
2022 $7,766 $282,851 $0 $0
2021 $6,882 $261,316 $66,000 $195,316
2020 $6,344 $233,761 $66,000 $167,761
2019 $6,327 $231,691 $61,600 $170,091
2018 $4,236 $147,128 $44,895 $102,233
2017 $3,968 $135,120 $40,814 $94,306
2016 $2,750 $77,120 $0 $0
2015 $2,567 $70,109 $0 $0
2014 $2,372 $63,735 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nicole Evasius

    Seller's Agent in 2016

    Nicole Evasius

    Realty Today Inc.

    (561) 841-4747

    84 Total Sales

    Nicole Evasius
    Section Image

  • K

    Buyer's Agent in 2016

    Kevin Hildreth

    Better Homes & Gdns RE Fla 1st

  • K

    Buyer's Agent in 2016

    Kevin Hildreth

    The Keyes Company

    (954) 658-2112

    34 Total Sales

    Kevin Hildreth
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10203946

BeachesMLS

APN: 38-43-44-27-01-038-0021

Florida Palm Beach County Lake Worth 33460 Pineapple Beach

1022 S M St Unit 1&2, Lake Worth, FL

This home is located at 1022 S M St Unit 1&2, Lake Worth, FL 33460 since 01 February 2016 and is currently estimated at $577,135, approximately $335 per square foot. This property was built in 1960. 1022 S M St Unit 1&2 is a home located in Palm Beach County with nearby schools including South Grade Elementary School, Lake Worth High School, and Lake Worth Community Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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