NOT LISTED FOR SALE

122 S M St Lake Worth, FL 33460

Downtown Jewel Neighborhood

Estimated Value: $533,000 - $696,000

4 Beds
2 Baths
1,620 Sq Ft
$363/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $485,000 $299 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,849/month

58 Days on Market

Highlights

  • Screened Porch
  • Jalousie or louvered window
  • Shed
  • Balcony
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of June 2022

This Property is a Turn Key Duplex consisting of 2 bedroom 1 bath upstairs and a 2 bedroom 1 bath downstairs. Zoned Commercial Mixed Use East giving the availability of building out to a total of 4 units, or rebuilding 4 town homes, with still more room for a pool. Just 1.5 blocks south of Lake Ave on S M Street, and 4 blocks east on Lave Ave from the bridge to the beach, its placed in a perfect proximity of everything downtown Lake Worth and the Lake Worth Beach front has to offer. Entire foundation has been rebuilt, and Brand New Metal roof makes this Investment a great opportunity for Long or Short term rental income. This is a property with a number of possibilities for development, or sprucing up to run as is.

Last Agent to Sell the Property

Peter Foster

Real Broker, LLC License #3241040 Listed on: 03/24/2022

Last Buyer's Agent

Andre Reid

First World Realty Group,LLC License #3373532

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,716

Year Built

  • Built in 1925

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,620 Sq Ft Home
  • 2-Story Property
  • Jalousie or louvered window
  • Screened Porch

Flooring

  • Laminate
  • Tile

Outdoor Features

  • Balcony
  • Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 38434421150430030

Community Details

Overview

  • 2 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $4,716
  • Net Operating Income $37,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,716

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: East on Lake Ave to S L Street then make Right heading South, make second left on 2nd Ave S heading East, make first left on S M Street heading North, third property on right (East side of road).
  • Year Built: 1925
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Laminate, Tile
  • Living Area: 1620.0
  • Window Features: Jalousie

Exterior Features

  • Exterior Features: Balcony, Enclosed Porch, Fence, Shed
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Balcony, Porch, Screened
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, 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 #: 38434421150430030
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: MU-E(com
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 37284.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 4716.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4716.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Jun 21, 2022
Sold by
122 Sm St Llc
Bought by
Duval Joane
Seller's Agent
Peter Foster
Real Broker, LLC
Buyer's Agent
Andre Reid
First World Realty Group,LLC
List Price
$599,000
Sold Price
$485,000
Premium/Discount to List
-$114,000
-19.03%
Current Estimated Value
$587,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,509
Avg. Annual Appreciation
5.89%
Original Mortgage
$473,269
Outstanding Balance
$450,434
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$137,075

Purchase Details

Listed on
Apr 25, 2021
Closed on
Jun 14, 2021
Sold by
Darvish Charlie S
Bought by
122 S M St Llc and 122 S M Street Land Trust
Seller's Agent
Pete Carney
Carney Select Properties Inc.
Buyer's Agent
Peter Foster
Real Broker, LLC
List Price
$365,000
Sold Price
$338,000
Premium/Discount to List
-$27,000
-7.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.48%
Original Mortgage
$253,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 22, 2015
Closed on
Jan 12, 2016
Sold by
Negev Inc
Bought by
Darvish Charlie S
Seller's Agent
stephen frei
Matthew L. Wohl, Lic. R.E. Brk
Buyer's Agent
Gail Casale
Carney Select Properties Inc.
List Price
$169,000
Sold Price
$162,500
Premium/Discount to List
-$6,500
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.47%
Original Mortgage
$121,875
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2010
Sold by
Gottardo Virgil
Bought by
Negev Inc
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
Duval Joane $485,000 New Title Company Name
122 S M St Llc $338,000 Crystal T&E Co Inc
Darvish Charlie S $162,500 First American Title Ins Co
Negev Inc $18,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duval Joane $473,269
Previous Owner 122 S M St Llc $253,500
Previous Owner Darvish Charlie S $121,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2022 06/21/22 Sold $485,000 -19.0% $299 / Sq Ft
05/22/2022 05/22/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $599,000 +77.2% $370 / Sq Ft
06/14/2021 06/14/21 Sold $338,000 0.0% $232 / Sq Ft View Prior Sale
06/14/2021 06/14/21 Sold $338,000 -7.4% $230 / Sq Ft View Prior Sale
05/15/2021 05/15/21 Pending -- -- --
05/15/2021 05/15/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $365,000 -11.0% $248 / Sq Ft
12/14/2020 12/14/20 For Sale $410,000 +152.3% $281 / Sq Ft
01/12/2016 01/12/16 Sold $162,500 -3.8% $111 / Sq Ft View Prior Sale
12/13/2015 12/13/15 Pending -- -- --
10/22/2015 10/22/15 For Sale $169,000 0.0% $116 / Sq Ft
09/02/2012 09/02/12 Rented $700 0.0% --
08/03/2012 08/03/12 Under Contract -- -- --
07/18/2012 07/18/12 For Rent $700 -- --
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 $9,276 $414,843 -- --
2023 $9,115 $369,739 $194,950 $174,789
2022 $9,563 $384,414 $0 $0
2021 $4,716 $173,236 $36,000 $137,236
2020 $4,329 $149,066 $36,000 $113,066
2019 $4,132 $150,832 $36,000 $114,832
2018 $3,727 $133,060 $35,574 $97,486
2017 $3,411 $111,078 $32,340 $78,738
2016 $2,032 $39,531 $0 $0
2015 $1,958 $35,937 $0 $0
2014 $1,684 $32,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Peter Foster

    Real Broker, LLC

    (352) 419-1001

    3 in this area

    4 Total Sales

    Peter Foster
    Section Image
  • Andre Reid

    Buyer's Agent in 2022

    Andre Reid

    First World Realty Group,LLC

    (954) 607-9304

    1 in this area

    72 Total Sales

    Andre Reid
    Section Image
  • Pete Carney

    Seller's Agent in 2021

    Pete Carney

    Carney Select Properties Inc.

    (561) 715-0305

    3 in this area

    4 Total Sales

    Pete Carney
    Section Image

  • s

    Seller's Agent in 2016

    stephen frei

    Matthew L. Wohl, Lic. R.E. Brk

    (954) 558-4651

    7 Total Sales

    stephen frei
    Section Image

  • G

    Buyer's Agent in 2016

    Gail Casale

    Carney Select Properties Inc.

  • L

    Seller's Agent in 2012

    Laura Pearlman

    Sandals Realty Group, Inc.

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10786333

BeachesMLS

APN: 38-43-44-21-15-043-0030

Florida Palm Beach County Lake Worth 33460 Downtown Jewel

122 S M St, Lake Worth, FL

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.

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