$1,120,000
SOLD MAY 24, 2023
0.26 Acre
-- Price per Acre
-- Sq Ft Lot

Recently Sold

$902 Per Sq Ft

474% Above List Price

349 Days on Market

About This Lot

As of June 2023

Developers!!! 22,214 square feet of land! 4 lots Included at this listing price. Zoned MF-14. Additional properties are available for a total of 62,715 square feet of land. (1.44 acres)Great area of new development. 1206, 1212 and 1220 Longwood Street are available and listed separately in MLS.

Last Listed By

Ken Marshall

Partnership Realty Inc. License #318644 Listed on: 06/08/2022

Partnership Realty Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,240

Year Built

  • 1950

Lot Details

  • Site Plan Filed
  • Property is zoned MF-14

Additional Features

  • Garden Views
  • City Lot

Community Details

  • Mercer Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74434328100020090

Property Details

Property Type

Land

Est. Annual Taxes

$1,240

Year Built

1950

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Business
  • Property Sub Type Additional: Commercial
  • Directions: corner of Longwood and Wilkins
  • Special Features: VirtualTour
  • Year Built: 1950

Exterior Features

  • View: Garden
  • Lot Features: City Lot, Industrial Park
  • Waterfront: No

Lot Info

  • Parcel #: 74434328100020090
  • Current Use: Multi-Family
  • Development Status: Site Plan Filed
  • Zoning Description: MF-14

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Jun 8, 2023
Sold by
Cruz Nelson and Cruz Cheryl N
Bought by
Mercer Park Homes Llc
Seller's Agent
Ken Marshall
Partnership Realty Inc.
Buyer's Agent
Ken Marshall
Partnership Realty Inc.
List Price
$1,950,000
Sold Price
$1,250,000
Premium/Discount to List
-$700,000
-35.9%
Total Days on Market
349
Views
3
Current Estimated Value
$897,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$352,735
Avg. Annual Appreciation
-10.30%

Purchase Details

Closed on
Dec 17, 1996
Sold by
Pr Lawrence Noegel
Bought by
Cruz Nelson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,410
Interest Rate
7.77%
Mortgage Type
New Conventional
Source: Public Records

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    Ready to Build at Closing.Vacant Land with fully approved site plan by Palm Beach County Planning and Building Department for 12 residential units plus retail/commercial space. The property is ideal for real estate investors and/or a construction company looking for a “ready to build” opportunity. Residential Units: 12 Apartments - 10 x 1-Bedroom, 1-Bathroom - 2 x 2-Bedroom,

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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 Type Sale Price Title Company
Warranty Deed $1,250,000 Florida Title
Warranty Deed $54,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 Credit Line Revolving
Previous Owner $49,410 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2023 12/30/23 Rented $2,300 0.0% --
12/30/2023 12/30/23 Under Contract -- -- --
12/13/2023 12/13/23 For Rent $2,300 0.0% --
06/09/2023 06/09/23 Sold $1,250,000 +11.6% $1,006 / Sq Ft
05/24/2023 05/24/23 Sold $1,120,000 +474.4% $902 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
06/08/2022 06/08/22 For Sale $195,000 -90.0% $157 / Sq Ft
04/08/2022 04/08/22 For Sale $1,950,000 -- $1,570 / 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 $9,356 $443,059 -- --
2023 $1,306 $91,594 $0 $0
2022 $1,268 $88,926 $0 $0
2021 $1,240 $86,336 $0 $0
2020 $1,220 $85,144 $0 $0
2019 $1,191 $83,230 $0 $0
2018 $1,075 $81,678 $0 $0
2017 $1,025 $79,998 $0 $0
2016 $1,008 $78,353 $0 $0
2015 $1,024 $77,808 $0 $0
2014 $1,023 $77,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10806658

BeachesMLS

APN: 74-43-43-28-10-002-0090