$310,000
SOLD OCT 26, 2017
-- Bed
-- Bath
3,318 Sq Ft
3,600 Sq Ft Lot

Recently Sold

$93 Per Sq Ft

9% Below List Price

98 Days on Market

Highlights

  • Water Views
  • Carpet
  • Heating Available
  • Central Air

About This Home

As of October 2017

Investor's Dream with great cash flow!!! Five-plex bringing in $4150 income per month that is located in an area currently being redeveloped. All units are currently rented. There is minimal through traffic. Separate water meters, electric meters, AC units and hot water heaters. Plus additional storage unit in the back. Five units on two separate parcels sold together. Please do not bother tenants.

Last Agent to Sell the Property

Tiffanie Vendryes

Grace Realty Group License #3362551 Listed on: 06/19/2017

Last Buyer's Agent

Donna Galloway

Golden Sands S. Florida Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,763

Year Built

  • Built in 1946

Lot Details

  • 3,600 Sq Ft Lot

Interior Spaces

  • 3,318 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Water Views

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 74434316120000650

Community Details

Overview

  • 4 Units
  • Grant Park Subdivision

Building Details

  • Operating Expense $11,041
  • Net Operating Income $38,759

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,763

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: East on Palm Beach Lakes then left on Tamarind and a left on 22nd Street.
  • Year Built: 1946
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet
  • Living Area: 3318.0

Exterior Features

  • View: Other, Water
  • 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: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434316120000650
  • Lot Size Sq Ft: 3600.0
  • Zoning Description: SF11(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 38759.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 11041.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4763.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2023
Sold by
Vafa Llc
Bought by
Ualapu Llc
Total Days on Market
98
Current Estimated Value
$627,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$110,283
Interest Rate
4.8%
Mortgage Type
Balloon
Estimated Equity
$476,050

Purchase Details

Listed on
Jun 19, 2017
Closed on
Oct 19, 2017
Sold by
Smith Christopher and Smith Christopher G
Bought by
Vafa Llc
Seller's Agent
Tiffanie Vendryes
Grace Realty Group
Buyer's Agent
Donna Galloway
Golden Sands S. Florida Realty
List Price
$340,000
Sold Price
$310,000
Premium/Discount to List
-$30,000
-8.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Original Mortgage
$232,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2005
Sold by
Smith Christopher
Bought by
Smith Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,600
Interest Rate
5.99%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 22, 2003
Sold by
Loukinen Ray and Katz Josh
Bought by
Smith Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.82%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 3, 2003
Sold by
Jemz Properties & Investments Inc
Bought by
Loukinen Ray and Katz Josh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.82%
Mortgage Type
Balloon

Purchase Details

Closed on
May 22, 1995
Sold by
Angelocci Kirk and Angelocci Susan
Bought by
Hughes John K and Hughes Marilyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,368
Interest Rate
8.35%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $225,000 Rtr Title
Warranty Deed $310,000 Title Trust Services Llc
Interfamily Deed Transfer -- Klear Title
Warranty Deed $110,000 First National Title Company
Warranty Deed $85,000 First National Title Company
Warranty Deed -- --
Warranty Deed $67,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,000 Balloon
Previous Owner $232,500 New Conventional
Previous Owner $159,600 Stand Alone Refi Refinance Of Original Loan
Previous Owner $95,000 Balloon
Previous Owner $60,000 Purchase Money Mortgage
Previous Owner $39,368 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2019 07/26/19 For Rent $1,300 0.0% --
07/26/2019 07/26/19 Rented $1,300 0.0% --
10/26/2017 10/26/17 Sold $310,000 -8.8% $93 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $340,000 -- $102 / 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 $8,565 $368,799 -- --
2023 $6,978 $244,119 $42,300 $348,747
2022 $6,222 $221,926 $0 $0
2021 $5,349 $201,751 $19,500 $182,251
2020 $5,594 $219,092 $13,800 $205,292
2019 $5,343 $215,475 $11,000 $204,475
2018 $4,478 $171,530 $9,667 $161,863
2017 $3,493 $128,903 $8,055 $120,848
2016 $3,466 $125,216 $0 $0
2015 $3,497 $116,303 $0 $0
2014 $3,327 $105,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10343804

BeachesMLS

APN: 74-43-43-16-12-000-0650