NOT LISTED FOR SALE

1218 S Federal Hwy Unit 1 Lake Worth, FL 33460

South Palm Park Neighborhood

Estimated Value: $531,266 - $1,086,000

5 Beds
5 Baths
3,184 Sq Ft
$259/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $200,000 $63 Per Sq Ft

Est. 312% increase in value since last sale

Current estimated payment $5,417/month

25 Days on Market

Highlights

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

About This Home

As of February 2014

GREAT OPPORTUNITY FOR AN INVESTOR OR HANDYMAN. THIS IS A 4PLEX THAT NEEDS REPAIRS, BUT COULD POTENTIALLY BECOME A BIG MONEY MAKER. 2 UNITS UPSTAIRS AND 2 UNITS DOWNSTAIRS WITH INDIVIDUAL ELECTRIC METERS, COSISTING OF A 2/2 APARTMENT AND 3 INDIVIDUAL 1/1 U NITS. PARKING IN FRONT OF THE BUILDING. WALK TO DOWNTOWN. 2 BLOCKS TO WATERFRONT. MANY POSSIBILITIES: EXPAND, DECKING? ONCE REPAIRED IT WILL RENT QUICKLY IN HOT SOUTH EAST LAKE WORTH... SOLD "AS-IS".

Last Agent to Sell the Property

Alejandro Chernicoff

United Realty Group Inc License #3057349 Listed on: 01/04/2014

United Realty Group Inc

Last Buyer's Agent

Roman Tryndus

United Realty Group Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • Interior Lot

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Fixer Upper
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,184 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Community Details

  • 4 Units
  • Lake Worth Town Add 01 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38434427010580040

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: I-95 TO 6 TH AVE S, EAST TO S. FEDERAL HWY
  • Year Built: 1979
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: RealEstateOwned
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 3184.0

Exterior Features

  • Lot Features: Interior Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale, Fixer
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None

Lot Info

  • Parcel #: 38434427010580040
  • Zoning Description: Pomf20

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 6113.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2016
Sold by
Klodnicki Andrzej
Bought by
Palm Beach Farms Llc
Current Estimated Value
$823,317

Purchase Details

Listed on
Jan 4, 2014
Closed on
Feb 24, 2014
Sold by
Blue Mountain Homes Llc
Bought by
Klodnicki Andrzej
Seller's Agent
Alejandro Chernicoff
United Realty Group Inc
Buyer's Agent
Roman Tryndus
United Realty Group Inc
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.09%

Purchase Details

Closed on
Nov 4, 2013
Sold by
Tif Sofl Ii R Llc
Bought by
Blue Mountain Homes Llc

Purchase Details

Closed on
Jun 20, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Tif Sofl Ii R Llc

Purchase Details

Closed on
Apr 11, 2012
Sold by
Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 2, 2012
Sold by
Strauss Neil
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 31, 2008
Sold by
Ts Investors Llc
Bought by
Strauss Neil and The Neil Strauss Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2004
Sold by
Maddalena Arthur and Maddalena Dorothy
Bought by
Ts Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1998
Sold by
Grosso Michael N and Grosso Laura
Bought by
Maddalena Arthur
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
Palm Beach Farms Llc -- None Available
Klodnicki Andrzej $200,000 Bay National Title Company
Blue Mountain Homes Llc $210,000 Sutton Land Title Agency
Tif Sofl Ii R Llc $139,900 Attorney
Federal Home Loan Mortgage Corporation -- New House Title Llc
Wells Fargo Bank Na $120,100 None Available
Strauss Neil $300,000 Attorney
Ts Investors Llc $282,000 Standard Title Insurance Age
Maddalena Arthur $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Strauss Neil $225,000
Previous Owner Ts Investors Llc $225,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2014 02/28/14 Sold $200,000 -11.1% $63 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
01/04/2014 01/04/14 For Sale $225,000 -- $71 / 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
2024 $11,280 $358,122 -- --
2023 $9,694 $325,565 $0 $0
2022 $8,569 $295,968 $0 $0
2021 $8,091 $286,529 $59,198 $227,331
2020 $7,436 $244,602 $59,198 $185,404
2019 $7,387 $241,782 $56,363 $185,419
2018 $6,775 $221,338 $54,743 $166,595
2017 $6,742 $218,713 $52,110 $166,603
2016 $6,621 $216,231 $0 $0
2015 $6,756 $216,361 $0 $0
2014 $6,702 $211,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alejandro Chernicoff

    Seller's Agent in 2014

    Alejandro Chernicoff

    United Realty Group Inc

    (954) 559-6949

    11 Total Sales

    Alejandro Chernicoff
    Section Image

  • R

    Buyer's Agent in 2014

    Roman Tryndus

    United Realty Group Inc

  • R

    Buyer's Agent in 2014

    Roman Tryndus

    United Realty Group Inc

    (754) 235-0378

    44 Total Sales

    Roman Tryndus
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: H914257

BeachesMLS (Greater Fort Lauderdale)

APN: 38-43-44-27-01-058-0040

Florida Palm Beach County Lake Worth 33460 South Palm Park

1218 S Federal Hwy Unit 1, Lake Worth, FL

This home is located at 1218 S Federal Hwy Unit 1, Lake Worth, FL 33460 since 04 January 2014 and is currently estimated at $823,317, approximately $258 per square foot. This property was built in 1979. 1218 S Federal Hwy Unit 1 is a home located in Palm Beach County with nearby schools including Barton Elementary School, Lake Worth High School, and Lantana Middle 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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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