NOT LISTED FOR SALE

Estimated Value: $1,882,748

8 Beds
8 Baths
4,032 Sq Ft
$467/Sq Ft Est. Value

Sale Details

Date Sold: December 30, 2021

Last sale price $1,500,000 $372 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $12,174 / mo

11 Days on Market

Highlights

  • No HOA
  • Complete Impact Glass
  • Central Heating
  • William T. Dwyer High School Rated A-
  • Ceramic Tile Flooring

About This Home

As of December 2021

Fantastic opportunity to own a 4 unit building steps to the Atlantic Ocean in beautiful Palm Beach Shores. Excellent condition - opportunities like this are rarely available. Rents are under current market.

Last Buyer's Agent

Allison Rick

KW Reserve License #3303184

KW Reserve

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,761

Year Built

  • Built in 1962

Lot Details

  • 8,900 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8 Bathrooms
  • 4,032 Sq Ft Home
  • Property has 2 Levels
  • Ceramic Tile Flooring
  • Complete Impact Glass

Utilities

  • Cooling Available
  • Central Heating
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $84,120
  • Tenant pays for water
  • Assessor Parcel Number 54434227040001670

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Palm Beach Shores Subdivision

Building Details

  • Gross Income $84,120
  • Net Operating Income $56,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,761

Year Built

Built in 1962

Lot Details

8,900 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1962
  • Property Sub Type: Quadruplex
  • Directions: N Ocean to Tacoma Property on Left
  • Horses: No
  • Unit Levels: 2
  • Lot Size Acres: 0.2
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Fourplex
  • Subdivision Name: PALM BEACH SHORES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • LastStatus: Pending
  • CurrentPrice: 1500000
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 4032
  • Stories: 2
  • Window Features: Complete Impact Glass
  • MIAMIRE_FurnishedYN: No
  • MIAMIRE_FurnishedYN: No

Exterior Features

  • Roof: Tar/Gravel, Tar & Gravel Roof
  • Exterior Features: None
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • MIAMIRE_Parking: Open Parking
  • MIAMIRE_Parking: Open Parking

Utilities

  • Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling Y N: Yes
  • Electric: 3 Phase Electric
  • Electricity On Property: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Water Connected, Cable Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Amenities: None
  • Association: No
  • Community Features: None

Lot Info

  • Parcel Number: 54434227040001670
  • Lot Size Sq Ft: 8900
  • Zoning: DISTRI

Rental Info

  • Tenant Pays: Water

Multi Family

  • Net Operating Income: 56120
  • Annual Gross Income: 84120
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Total Actual Rent: 84120

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 16761

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Feb 25, 2022
Sold by
700 Ocean Royale Way Llc
Bought by
Buyer's Agent
Allison Rick
KW Reserve
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Current Estimated Value
$1,882,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,748
Avg. Annual Appreciation
4.93%

Purchase Details

Listed on
Nov 19, 2021
Closed on
Dec 30, 2021
Sold by
Mainteck Lp
Bought by
700 Ocean Royale Way Llc
Buyer's Agent
Allison Rick
KW Reserve
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%

Purchase Details

Listed on
Feb 9, 2014
Closed on
Feb 13, 2014
Sold by
112 Tacoma Lane Llc
Bought by
Mainteck Lp
Seller's Agent
Douglas G
William Raveis Real Estate
Buyer's Agent
Douglas G
William Raveis Real Estate
List Price
$950,000
Sold Price
$700,000
Premium/Discount to List
-$250,000
-26.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%
Original Mortgage
$525,000
Interest Rate
4.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2011
Sold by
Sosnow Holdings Llc
Bought by
112 Tacoma Lane Llc

Purchase Details

Closed on
Dec 21, 2011
Sold by
112 Tacoma Lane Lp
Bought by
Park Place Group Corporation

Purchase Details

Closed on
Dec 27, 2010
Sold by
Park Place Group Llc
Bought by
112 Tacoma Lane Lp

Purchase Details

Closed on
Jun 1, 2010
Sold by
Lubeck Catherine Jean and Lubeck Nancy Jean
Bought by
Park Place Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.03%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 11, 2006
Sold by
Lubeck Catherine Jean and Lubeck Nancy Jean
Bought by
Lubeck Catherine Jean

Purchase Details

Closed on
Oct 30, 2001
Sold by
The Lubeck Iii Family Ltd Partnership
Bought by
Lubeck George Francis and George Francis Lubeck Jr Revocable Livin

Purchase Details

Closed on
Apr 3, 2000
Sold by
Martha Norman P and Martha Alburger
Bought by
Lubeck George F
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Baldini Law Llc
700 Ocean Royale Way Llc $1,500,000 Natalie Guerra-Valdes Valdes L
Mainteck Lp $700,000 Attorney
Sosnow Holdings Llc -- Attorney
112 Tacoma Lane Llc -- Attorney
Park Place Group Corporation -- Attorney
112 Tacoma Lane Lp $650,000 Attorney
Park Place Group Llc $650,000 Attorney
Lubeck Catherine Jean -- Attorney
Lubeck George Francis -- --
Lubeck George F $280,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $525,000
Previous Owner Park Place Group Llc $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2021 12/30/21 Sold $1,500,000 -6.3% $372 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $1,600,000 +128.6% $397 / Sq Ft
02/18/2014 02/18/14 Sold $700,000 -26.3% $174 / Sq Ft View Prior Sale
01/19/2014 01/19/14 Pending -- -- --
10/27/2012 10/27/12 For Sale $950,000 -- $236 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $26,185 $1,394,070
2024 $26,185 $1,314,334
2023 $26,844 $1,338,972 $665,720 $673,252
2022 $24,151 $1,178,170 $0 $0
2021 $16,761 $791,569 $412,168 $379,401
2020 $16,464 $771,066 $405,778 $365,288
2019 $15,649 $714,565 $373,827 $340,738
2018 $13,247 $639,505 $319,132 $320,373
2017 $13,078 $622,078 $303,924 $318,154
2016 $6,324 $593,387 $0 $0
2015 $13,220 $597,226 $0 $0
2014 $12,485 $557,123 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: R10760046

MIAMI REALTORS® MLS

APN: 54-43-42-27-04-000-1670

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