NOT LISTED FOR SALE

Estimated Value: $424,000 - $552,000

3 Beds
2 Baths
1,192 Sq Ft
$406/Sq Ft Est. Value

Last Sold September 02, 2024

Last sale price $485,000 $407 Per Sq Ft

Current estimated payment $3,196/month

60 Days on Market

Highlights

  • Room in yard for a pool
  • Impact Glass
  • Patio
  • Plantation Shutters
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring

About This Home

As of September 2024

Stunning duplex property in the heart of Lake Worth Beach!! 1 Block Walking distance to shopping, nightlife, arts, dining, etc. and just over 1-mile to the Atlantic Ocean and pier! Property features include: *NEW ROOF (2024)*, Impact windows, fully fenced, NEW split a/c's (2024). MASSIVE PAVED BACKYARD with 500 sq. ft of COVERED patio space. Can come fully furnished! Transferable termite bond.The front unit is comprised of 1 bedroom and 1 full bath, with an additional ''Florida room'' that can be used as a small entertainment room. The Back unit efficiency has a newly renovated kitchen, new appliances, new mini-split A/C, shared washer/dryer. 2023 Gross: $65,000. Currently rented until end of August. Amazing opportunity for investors or first time home buyers to house-hack.

Last Agent to Sell the Property

Julia Ferrer

EXP Realty LLC License #3573716 Listed on: 07/03/2024

EXP Realty LLC

Last Buyer's Agent

Marilena Lehman Crispino

Dalton Wade Inc License #3613705

Dalton Wade Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,800

Year Built

  • Built in 1925

Lot Details

  • 3,376 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,192 Sq Ft Home
  • 1-Story Property
  • Plantation Shutters
  • Blinds
  • Ceramic Tile Flooring
  • Impact Glass

Outdoor Features

  • Room in yard for a pool
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 38434421150490220

Community Details

Overview

  • 2 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $23,627
  • Net Operating Income $39,102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,800

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 111 S K St A, Lake Worth Beach, Florida 33460. From I-95 take exit 63 onto 6th Ave. Go East. Turn left onto S K Street
  • Year Built: 1925
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Tile
  • Living Area: 1192.0
  • Window Features: Blinds, Impact Glass, Plantation Shutters

Exterior Features

  • Exterior Features: Fence, Patio, Room For Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Wood Siding
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 38434421150490220
  • Lot Size: < 1/4 Acre,East of US-1,
  • Lot Size Sq Ft: 3376.0
  • Zoning Description: MF-30(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 39102.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 23627.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2024
Closed on
Aug 29, 2024
Sold by
Fivestar Properties Llc
Bought by
Moralishvili Joseph A
Seller's Agent
Julia Ferrer
EXP Realty LLC
Buyer's Agent
Marilena Lehman Crispino
Dalton Wade Inc
List Price
$510,000
Sold Price
$485,000
Premium/Discount to List
-$25,000
-4.9%
Views
11
Current Estimated Value
$484,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$514
Avg. Annual Appreciation
-0.10%
Original Mortgage
$460,750
Outstanding Balance
$455,868
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$28,618

Purchase Details

Listed on
Aug 18, 2022
Closed on
Oct 3, 2022
Sold by
Event Photography Inc
Bought by
Fivestar Properties Llc
Seller's Agent
Lyn Miller
Continental Properties, Inc.
Buyer's Agent
Rick Heers
Sailfish Group Realty
List Price
$317,000
Sold Price
$309,000
Premium/Discount to List
-$8,000
-2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.47%

Purchase Details

Closed on
Apr 10, 2017
Sold by
Glenny John P and Glenny Patriccia A
Bought by
Event Photography Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2012
Sold by
Montana Olga Christina
Bought by
Glenny John P

Purchase Details

Closed on
Jul 11, 2005
Sold by
Kreckovsky Andrew M
Bought by
Montana Olga Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.54%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 1, 2005
Sold by
Clemens Jeffrey S and Miller Kimberly M
Bought by
Kreckovsky Andrew M

Purchase Details

Closed on
May 24, 2002
Sold by
Marnell Walter R and Marnell Melissa D
Bought by
Clemens Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2000
Sold by
Oropesa Felicia M
Bought by
Marnell Walter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 1999
Sold by
Torres Grisel
Bought by
Oropesa Felicia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,949
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 7, 1998
Sold by
Sec Of Hud
Bought by
Torres Grisel

Purchase Details

Closed on
Sep 19, 1997
Sold by
Clerk Of The Court
Bought by
Chase Mortgage Services Inc
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
Moralishvili Joseph A $485,000 Patch Reef Title
Moralishvili Joseph A $485,000 Patch Reef Title
Fivestar Properties Llc $309,000 First American Title
Event Photography Inc $170,000 Priority Title Inc
Glenny John P $80,000 Vista Title Insurance & Guar
Montana Olga Cristina $240,000 --
Kreckovsky Andrew M $170,000 Castles Title Group Lc
Clemens Jeffrey S $85,000 Phoenix Title Insurance Corp
Marnell Walter R $72,000 --
Oropesa Felicia M $75,000 --
Torres Grisel $30,000 --
Chase Mortgage Services Inc $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moralishvili Joseph A $460,750
Closed Moralishvili Joseph A $460,750
Previous Owner Event Photography Inc $120,000
Previous Owner Montana Olga Cristina $192,000
Previous Owner Clemens Jeffrey S $68,000
Previous Owner Chase Mortgage Services Inc $64,800
Previous Owner Chase Mortgage Services Inc $74,949
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2024 09/02/24 Sold $485,000 -4.9% $407 / Sq Ft
07/03/2024 07/03/24 For Sale $510,000 +65.0% $428 / Sq Ft
10/03/2022 10/03/22 Sold $309,000 -2.5% $341 / Sq Ft
08/18/2022 08/18/22 For Sale $317,000 -- $350 / 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 $7,370 $281,304 -- --
2023 $6,576 $255,731 $132,450 $123,281
2022 $5,485 $194,522 $0 $0
2021 $5,015 $182,608 $83,700 $98,908
2020 $4,709 $172,820 $91,800 $81,020
2019 $4,369 $156,620 $75,600 $81,020
2018 $3,904 $132,861 $54,547 $78,314
2017 $2,975 $110,192 $49,588 $60,604
2016 $2,735 $77,125 $0 $0
2015 $2,585 $70,114 $0 $0
2014 $2,424 $63,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11001420

BeachesMLS

APN: 38-43-44-21-15-049-0220