NOT LISTED FOR SALE

Estimated Value: $519,000 - $681,000

-- Bed
3 Baths
2,400 Sq Ft
$239/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $137,500 $57 Per Sq Ft

Est. 318% increase in value since last sale

Current estimated payment $3,828/month

27 Days on Market

About This Home

As of October 2016

Investor's Dream with great cash flow!!! Triplex with potential for $2100 income per month that is located in an area currently being redeveloped. Two units are currently rented at $600 each. The third unit is vacant. The market could have them rented at $700. The building has hurricane impact windows, hot water heaters, separate water meters, AC for each unit. Property is on a dead end street therefore has minimal through traffic. Lots of construction in the area.

Last Listed By

Tiffanie Vendryes

Grace Realty Group License #3362551 Listed on: 08/23/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,619

Year Built

  • Built in 1950

Lot Details

  • 5,486

Home Design

  • Triplex

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Additional Features

  • 5,486 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Total Actual Rent $16,582
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 74434316060000090

Community Details

Overview

  • 3 Units
  • Johnsons Sub Wpb Subdivision

Building Details

  • Operating Expense $5,618
  • Net Operating Income $16,582

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,619

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: 95 to Palm Beach Lakes East.
  • Year Built: 1950
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2400.0

Exterior Features

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

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Sewer Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434316060000090
  • Lot Size Sq Ft: 5486.0
  • Zoning Description: SF11(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 16582.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 5618.0
  • Total Actual Rent: 16582.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2619.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2023
Sold by
Carlos Marjorie
Bought by
Seed910 Fl Real Estate Investments Llc
Total Days on Market
27
Current Estimated Value
$574,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Outstanding Balance
$382,547
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$191,666

Purchase Details

Closed on
Jun 26, 2023
Sold by
Empire Holdings & Developments Llc
Bought by
Carlos Marjorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Outstanding Balance
$382,547
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$191,666

Purchase Details

Listed on
Aug 23, 2016
Closed on
Oct 20, 2016
Sold by
Vendryes Tiffanie
Bought by
Empire Holdings & Developments Llc
Seller's Agent
Tiffanie Vendryes
Grace Realty Group
Buyer's Agent
Tiffanie Vendryes
Grace Realty Group
List Price
$157,000
Sold Price
$137,500
Premium/Discount to List
-$19,500
-12.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.22%

Purchase Details

Closed on
Mar 7, 2016
Sold by
Saunches Noel
Bought by
Vendryes Tiffanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,750
Interest Rate
3.64%

Purchase Details

Closed on
Mar 1, 2016
Bought by
Empire Holdings & Developments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,750
Interest Rate
3.64%

Purchase Details

Closed on
Nov 23, 2010
Sold by
Saunches Noel W and Saunches Levern
Bought by
Saunches Noel and Saunches Levern A

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
Seed910 Fl Real Estate Investments Llc -- None Listed On Document
Carlos Marjorie $520,000 Title Guaranty Of South Florid
Empire Holdings & Developments Llc $137,500 None Available
Vendryes Tiffanie -- --
Empire Holdings & Developments $137,000 --
Saunches Noel -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carlos Marjorie $386,250
Previous Owner Empire Holdings & Developments $240,000
Previous Owner Vendryes Tiffanie $102,750
Previous Owner Vendryes Tiffanie --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2016 10/20/16 Sold $137,500 -12.4% $57 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $157,000 -- $65 / 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 $7,552 $338,869 -- --
2023 $5,752 $193,527 $47,958 $324,637
2022 $5,080 $175,934 $0 $0
2021 $4,227 $183,292 $24,000 $159,292
2020 $4,021 $179,907 $17,940 $161,967
2019 $3,860 $178,880 $14,300 $164,580
2018 $3,202 $144,264 $12,510 $131,754
2017 $2,767 $109,241 $10,425 $98,816
2016 $2,597 $96,320 $0 $0
2015 $2,619 $87,564 $0 $0
2014 $2,365 $79,604 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS

MLS Number: R10261455

BeachesMLS

APN: 74-43-43-16-06-000-0090