NOT LISTED FOR SALE

1214 Suwanee Dr Unit 1 West Palm Beach, FL 33409

West Gate Estates Neighborhood

Estimated Value: $731,000 - $847,000

7 Beds
4 Baths
2,911 Sq Ft
$271/Sq Ft Est. Value

Last Sold January 16, 2024

Last sale price $786,000 $270 Per Sq Ft

Current estimated payment $5,118/month

195 Days on Market

Highlights

  • 16,265 Sq Ft lot
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Room in yard for a pool
  • Ceramic Tile Flooring

About This Home

As of January 2024

Beautiful maintained 4 plex in a centralized location. Long term tenants, month to month. Rents are WAY below present market value. ROI could be around 8-9% with rent adjustment. All 4 unit parking is off street . WH 2018, Central AC 2013, Window AC newer, Roof 2011. This property won't be in the market long and it could be a cash cow to the right investor. Don't miss it.

Last Listed By

Pablo Estupinan

Partnership Realty Inc. License #3331839 Listed on: 07/04/2023

Partnership Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,483

Year Built

  • Built in 1962

Lot Details

  • 0.37

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,911 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

Additional Features

  • Room in yard for a pool
  • 0.37 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 00434330030670021

Community Details

Overview

  • 4 Units
  • West Gate Estates Norther Subdivision

Building Details

  • Operating Expense $12,000
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,483

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Congress Ave south to Westgate. West on Westgate to Suwanee. North on Suwanee to property. From Okeechobee Rd. south on Suwanee to property
  • Year Built: 1962
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2911.0

Exterior Features

  • Exterior Features: Room For Pool
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00434330030670021
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 16265.0
  • Zoning Description: RH
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 42000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7483.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2023
Closed on
Jan 16, 2024
Sold by
Wrb Properties Llc
Bought by
Pbhouse Llc
Seller's Agent
Pablo Estupinan
Partnership Realty Inc.
Buyer's Agent
Juan Patino
Avanti Way Realty LLC
List Price
$899,000
Sold Price
$786,000
Premium/Discount to List
-$113,000
-12.57%
Total Days on Market
195
Views
219
Current Estimated Value
$789,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,424
Avg. Annual Appreciation
6.33%

Purchase Details

Listed on
Jul 4, 2023
Closed on
Jan 5, 2024
Sold by
Lake Worth Drainage District
Bought by
Wrb Properties Llc
Seller's Agent
Pablo Estupinan
Partnership Realty Inc.
Buyer's Agent
Juan Patino
Avanti Way Realty LLC
List Price
$899,000
Sold Price
$786,000
Premium/Discount to List
-$113,000
-12.57%
Views
219

Purchase Details

Closed on
Oct 11, 2013
Sold by
Chadwick Barbara and Chadwick Karen
Bought by
Scherle Sonya C

Purchase Details

Closed on
Mar 15, 2013
Sold by
Scherle Sonya C and Chadwick Barbara
Bought by
Wrb Properties Llc

Purchase Details

Closed on
Feb 15, 2013
Sold by
Scherle Sonya C
Bought by
Scherle Sonya C and Chadwick Barbara

Purchase Details

Closed on
Nov 14, 2010
Sold by
Beckham Wilma Rae and Beckham Wilma Rae Cannon
Bought by
Beckham Wilma Rae and Scherle Sonya C

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
Pbhouse Llc $786,000 True Freedom Title, Llc
Wrb Properties Llc -- None Listed On Document
Scherle Sonya C -- Attorney
Wrb Properties Llc -- Attorney
Scherle Sonya C -- Attorney
Beckham Wilma Rae -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $786,000 -12.6% $270 / Sq Ft
07/04/2023 07/04/23 For Sale $899,000 -- $309 / 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 $8,901 $359,912 -- --
2023 $6,958 $327,193 $124,800 $202,393
2022 $7,483 $319,608 $0 $0
2021 $6,768 $331,226 $136,626 $194,600
2020 $6,038 $264,139 $92,000 $172,139
2019 $5,782 $253,259 $88,000 $165,259
2018 $5,049 $218,895 $75,741 $143,154
2017 $4,686 $203,796 $58,262 $145,534
2016 $4,479 $187,138 $0 $0
2015 $4,421 $172,390 $0 $0
2014 $4,055 $156,718 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Pablo Estupinan

    Partnership Realty Inc.

    (561) 386-0649

    1 in this area

    38 Total Sales

    Pablo Estupinan
    Section Image

  • J

    Buyer's Agent in 2024

    Juan Patino

    Avanti Way Realty LLC

    (305) 332-6452

    4 in this area

    8 Total Sales

    Juan Patino
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10901794

BeachesMLS

APN: 00-43-43-30-03-067-0021

Florida Palm Beach County West Palm Beach 33409 West Gate Estates

1214 Suwanee Dr Unit 1, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 1214 Suwanee Dr Unit 1, West Palm Beach, FL 33409 since 04 July 2023 and is currently estimated at $789,424, approximately $271 per square foot. This property was built in 1962. 1214 Suwanee Dr Unit 1 is a home located in Palm Beach County with nearby schools including West Gate Elementary School, Jeaga Middle School, and Palm Beach Lakes Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.