NOT LISTED FOR SALE

11 Tropical Dr Ocean Ridge, FL 33435

Estimated Value: $1,290,000 - $1,890,000

5 Beds
4 Baths
2,995 Sq Ft
$510/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $949,000 $317 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $9,181/month

176 Days on Market

Highlights

  • Property has ocean access
  • Porch
  • Terrazzo Flooring
  • Room in yard for a pool
  • Open Patio
  • Central Heating and Cooling System

About This Home

As of March 2021

PLEASE VIEW THE VIDEO/VIRTUAL TOUR ON THE SECOND SLIDE OF THE PHOTOS. WHAT AN AMAZING OPPORTUNITY! IN THE EXCLUSIVE NEIGHBORHOOD OF OCEAN RIDGE! YOU CAN KEEP CURRENT RENTAL RATES OR HIGHER THEM SEASONALLY! JUST HALF A BLOCK WALK TO THE BEACH. THIS AREA OF OCEAN RIDGE IS GENTRIFYING QUICK AND YOU WON'T REGRET INVESTING IN THIS COMMUNITY. RENT ABILITY IS GREAT DUE TO ITS PROXIMITY TO THE BEACH! THIS ALREADY EXISTING MULTIFAMILY WITH 4 UNITS IS ZONED FOR RMM MEDIUM DENSITY(MULTI FAMILY RESIDENTIAL DISTRICT. (SINGLE FAMILY DWELLING AND MULTIFAMILY DEVELOPMENT)JUST UNDER 5% CAP RATE PLEASE READ ABOVE REMARKS FOR INCOME DETAILS. 100100. SURVEILLANCE ON PREMISES. PLEASE CALL OR TEXT FOR SHOWINGS

Last Agent to Sell the Property

Lina Navarrete

The Real Estate Collection SF License #3383684 Listed on: 08/10/2020

The Real Estate Collection SF

Last Buyer's Agent

Magdalena Troczynska

Compass Florida LLC License #3322336

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,500

Year Built

  • Built in 1956

Lot Details

  • 10,082 Sq Ft Lot

Home Design

  • Concrete Roof

Interior Spaces

  • 2,995 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Terrazzo

Outdoor Features

  • Room in yard for a pool
  • Property has ocean access
  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Water Not Available

Listing and Financial Details

  • Assessor Parcel Number 46434534050010200

Community Details

Overview

  • 4 Units
  • Palm Beach Shore Acres Subdivision

Building Details

  • Operating Expense $28,500
  • Net Operating Income $48,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,500

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From I95 heading north make a right on Woolbright heading East all the way to N. Ocean. Make a right and a few blocks down you will make a left on Tropical Dr. It is located half way down the block.
  • Year Built: 1956
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Terrazzo
  • Living Area: 2995.0

Exterior Features

  • Exterior Features: Porch, Patio, Room For Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: Ocean Access
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Concrete

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: None, Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Lot Info

  • Parcel #: 46434534050010200
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 10082.0
  • Zoning Description: RMM(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 48300.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 28500.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 16500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Mar 5, 2021
Sold by
Mansour Adel S and Mansour Mervat T
Bought by
Joffe Bryan and Joffe Lyla
Seller's Agent
Lina Navarrete
The Real Estate Collection SF
Buyer's Agent
Magdalena Troczynska
Compass Florida LLC
List Price
$1,250,000
Sold Price
$949,000
Premium/Discount to List
-$301,000
-24.08%
Current Estimated Value
$1,342,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,502
Avg. Annual Appreciation
7.21%
Original Mortgage
$711,750
Outstanding Balance
$645,241
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$646,747

Purchase Details

Closed on
Jan 14, 2020
Sold by
Mansour Adel S and Mansour Mervat
Bought by
Mansour Adel S and Mansour Mervat T

Purchase Details

Closed on
Nov 16, 2015
Sold by
King Brian R and Kin Silvina M
Bought by
Mansour Adel S and Mansour Mervat

Purchase Details

Listed on
Oct 20, 2013
Closed on
Sep 29, 2014
Sold by
Macklin Betsy
Bought by
Mansour Adel S and Mansour Mervat
Seller's Agent
Avis Brown
RE/MAX Direct
Buyer's Agent
Eileen Vecchio
Realty Home Advisors Inc
List Price
$695,000
Sold Price
$600,000
Premium/Discount to List
-$95,000
-13.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$400,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2013
Sold by
Boyle Melisa Gail
Bought by
Macklin Betsy

Purchase Details

Closed on
Jun 17, 2013
Sold by
Foy Tracey Marie
Bought by
Macklin Betsy

Purchase Details

Closed on
May 30, 2013
Sold by
Macklin Timothy Richard
Bought by
Macklin Betsy

Purchase Details

Closed on
May 28, 2013
Sold by
Macklin Corey Ann
Bought by
Macklin Betsy

Purchase Details

Closed on
May 23, 2013
Sold by
Macklin Jeffery Eric
Bought by
Macklin Betsy

Purchase Details

Closed on
Feb 26, 2007
Sold by
Giardalas Tom and Giardalas Patricia
Bought by
Macklin Ronald R and Macklin Betsy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 23, 1999
Sold by
King Brian R and King Silvina M
Bought by
Fowler Victor H and Fowler Susan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 22, 1994
Sold by
Tesner Candace and Mitchell Marilyn
Bought by
King Brian R and King Silvina M
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
Joffe Bryan $949,000 Big Wave Title Llc
Mansour Adel S -- Attorney
Mansour Adel S -- Attorney
Mansour Adel S $600,000 Attorney
Macklin Betsy -- Attorney
Macklin Betsy -- Attorney
Macklin Betsy -- Attorney
Macklin Betsy -- Attorney
Macklin Betsy -- Attorney
Macklin Ronald R $900,000 Members Title Services Inc
Fowler Victor H $300,000 --
King Brian R $259,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joffe Bryan $711,750
Previous Owner Mansour Adel S $400,000
Previous Owner Macklin Ronald R $104,000
Previous Owner Macklin Ronald R $521,250
Previous Owner Macklin Ronald R $104,000
Previous Owner Giardalas Tom $660,000
Previous Owner Fowler Victor H $400,000
Previous Owner Fowler Victor H $315,000
Previous Owner Fowler Victor H $262,500
Previous Owner Fowler Victor H $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2021 03/05/21 Sold $949,000 -24.1% $317 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
08/10/2020 08/10/20 For Sale $1,250,000 +108.3% $417 / Sq Ft
09/29/2014 09/29/14 Sold $600,000 -13.7% $200 / Sq Ft
08/30/2014 08/30/14 Pending -- -- --
10/20/2013 10/20/13 For Sale $695,000 -- $232 / 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 $21,963 $1,223,372 -- --
2023 $21,621 $1,164,282 $0 $0
2022 $19,925 $1,075,549 $0 $0
2021 $19,175 $1,024,238 $800,082 $224,156
2020 $16,936 $852,020 $648,000 $204,020
2019 $16,668 $820,084 $612,000 $208,084
2018 $15,229 $779,723 $607,170 $172,553
2017 $13,987 $704,694 $505,975 $198,719
2016 $13,371 $653,283 $0 $0
2015 $12,062 $569,872 $0 $0
2014 $10,077 $467,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lina Navarrete

    The Real Estate Collection SF

    (786) 290-4789

    2 in this area

    11 Total Sales

    Section Image
  • Magdalena Troczynska

    Buyer's Agent in 2021

    Magdalena Troczynska

    Compass Florida LLC

    (561) 285-4283

    2 in this area

    26 Total Sales

    Section Image
  • Avis Brown

    Seller's Agent in 2014

    Avis Brown

    RE/MAX

    28 Total Sales

    Section Image

  • E

    Buyer's Agent in 2014

    Eileen Vecchio

    Realty Home Advisors Inc

    (561) 289-3698

    36 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10645723

BeachesMLS

APN: 46-43-45-34-05-001-0200

Florida Palm Beach County Ocean Ridge 33435

11 Tropical Dr, Ocean Ridge, FL

This home is located at 11 Tropical Dr, Ocean Ridge, FL 33435 since 10 August 2020 and is currently estimated at $1,528,783, approximately $510 per square foot. This property was built in 1956. 11 Tropical Dr is a home located in Palm Beach County with nearby schools including Forest Park Elementary School, Boynton Beach Community High School, and Congress 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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