NOT LISTED FOR SALE

Estimated Value: $276,000 - $489,000

2 Beds
2 Baths
640 Sq Ft
$544/Sq Ft Est. Value

Last Sold December 06, 2013

Last sale price $70,000 $109 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $2,124/month

59 Days on Market

Highlights

  • Interior Lot
  • Ceramic Tile Flooring
  • No Heating
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2013

Another excellent opportunity to earn a remarkably impressive return on investment, right here in lucrative Lake Worth. This uncomplicated duplex is already fully occupied. You start earning easy money from the moment you take ownership. Both tenants are paying $650 per month (including utilities). High income at a very low purchase price. Superior location, just one block off the city's main commercial street Lake Avenue. Sit back and let rapid appreciation be the icing for you, on this deliciously sweet buy.

Last Agent to Sell the Property

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 09/04/2013

Last Buyer's Agent

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 09/04/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,212

Year Built

  • Built in 1931

Lot Details

  • Interior Lot

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 640 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Community Details

  • 2 Units
  • Lake Worth Town Of In Pb Subdivision

Listing and Financial Details

  • Total Actual Rent $15,600
  • Assessor Parcel Number 38434421150590090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,212

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Take Lake Ave. to South E St. and turn South. Property on West side.
  • Year Built: 1931
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 640.0

Exterior Features

  • Exterior Features: None
  • Lot Features: Interior Lot
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Parcel #: 38434421150590090
  • Lot Size: Interior Lot
  • Zoning Description: SFTF14

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1212.0

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 15600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2013
Closed on
Dec 4, 2013
Sold by
G A Properties Llc
Bought by
1 Erin 822 Llc
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Bret Taylor
Southdale Properties Inc.
List Price
$85,000
Sold Price
$70,000
Premium/Discount to List
-$15,000
-17.65%
Current Estimated Value
$348,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,372
Avg. Annual Appreciation
14.19%

Purchase Details

Closed on
Aug 31, 2005
Sold by
Stephan Elizabeth
Bought by
G A Properties Llc

Purchase Details

Closed on
Apr 18, 2005
Sold by
Antista Mark E
Bought by
Stephan Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 26, 2001
Sold by
Alexandre A Acacio I
Bought by
Antista Mark E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,474
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 1995
Sold by
Anthony Stuart L
Bought by
Acacio Alexandre A

Purchase Details

Closed on
Jun 4, 1993
Sold by
Nationsbanc Finl Svc Corp
Bought by
Anthony Stuart L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,499
Interest Rate
7.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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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
1 Erin 822 Llc $70,000 Attorney
G A Properties Llc $135,000 --
Stephan Elizabeth $110,000 Palm Beach Land Title Corp
Antista Mark E $43,900 --
Acacio Alexandre A $20,900 --
Anthony Stuart L $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stephan Elizabeth $88,000
Previous Owner Acacio Alexandre A $39,474
Previous Owner Anthony Stuart L $22,499
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2013 12/06/13 Sold $70,000 -17.6% $109 / Sq Ft
11/06/2013 11/06/13 Pending -- -- --
09/07/2013 09/07/13 For Sale $85,000 -- $133 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $3,838 $118,950 -- --
2024 $3,838 $108,136 -- --
2023 $3,384 $98,305 $0 $0
2022 $3,116 $89,368 $0 $0
2021 $2,981 $116,438 $75,600 $40,838
2020 $2,856 $113,720 $75,600 $38,120
2019 $2,607 $93,914 $56,700 $37,214
2018 $2,379 $83,103 $53,089 $30,014
2017 $2,223 $70,176 $42,471 $27,705
2016 $2,097 $50,446 $0 $0
2015 $1,993 $45,860 $0 $0
2014 $1,830 $41,691 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R9975584

BeachesMLS (Greater Fort Lauderdale)

APN: 38-43-44-21-15-059-0090