NOT LISTED FOR SALE

Estimated Value: $443,523 - $938,000

2 Beds
2 Baths
1,118 Sq Ft
$522/Sq Ft Est. Value

Last Sold March 12, 2018

Last sale price $156,500 $140 Per Sq Ft

Est. 273% increase in value since last sale

Current estimated payment $3,572/month

16 Days on Market

Highlights

  • Water Views
  • Shed
  • Central Heating
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring

About This Home

As of March 2018

Great investment opportunity! CBS duplex in central West Palm Beach location. Very well maintained property with spacious living areas and bedrooms. 1216 Worthington Street is also for sale

Last Agent to Sell the Property

Jeff Tricoli

KW Reserve Palm Beach License #3082942 Listed on: 01/24/2018

KW Reserve Palm Beach

Co-Listed By

Hilda Tricoli

KW Reserve Palm Beach License #3211850

Last Buyer's Agent

Sandra Kingman

Local Palm Beach Realty Inc. License #3063131

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,131

Year Built

  • Built in 1955

Lot Details

  • 5,524 Sq Ft Lot
  • Sprinkler System

Home Design

  • Duplex

Interior Spaces

  • 1,118 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Water Views

Outdoor Features

  • Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434328130070030

Community Details

Overview

  • 4 Units
  • Mercer Park Subdivision

Building Details

  • Operating Expense $1,140
  • Net Operating Income $8,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,131

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: BELVEDERE W OF 95 TO MERCER, N TO WORTHINGTON R TO PROPERTY.
  • Year Built: 1955
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1118.0

Exterior Features

  • Exterior Features: Shed
  • View: Other, Water
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Property Condition: Resale
  • Roof: Other

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434328130070030
  • Lot Size Sq Ft: 5524.0
  • Zoning Description: MF14(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 8460.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 1140.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2131.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2018
Closed on
Mar 12, 2018
Sold by
Montante Gaetano
Bought by
Lugo Gilbert Alexander
Seller's Agent
Jeff Tricoli
KW Reserve Palm Beach
Buyer's Agent
Sandra Kingman
Local Palm Beach Realty Inc.
List Price
$169,900
Sold Price
$156,500
Premium/Discount to List
-$13,400
-7.89%
Total Days on Market
16
Current Estimated Value
$583,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,881
Avg. Annual Appreciation
19.93%
Original Mortgage
$153,664
Interest Rate
4.22%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2007
Sold by
Billias Melanie A
Bought by
Montante Gaetano

Purchase Details

Closed on
Jun 10, 2005
Sold by
Griffith Charles H
Bought by
Billias Peter T and Billias Melanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
9.4%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 14, 2003
Sold by
Whalin Cindy D and Whalin Douglas K
Bought by
Griffith Charles H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
8.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2002
Sold by
Whalin Cindy
Bought by
Whalin Douglas K and Whalin Cindy D
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
Lugo Gilbert Alexander $156,500 Harboor Land Title Lcl
Montante Gaetano -- Attorney
Billias Peter T $140,000 --
Griffith Charles H $85,000 Flagler Title Company
Whalin Douglas K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lugo Gilbert Alexander $163,000
Closed Lugo Gilbert Alexander $153,664
Previous Owner Billias Peter T $60,000
Previous Owner Billias Peter T $98,000
Previous Owner Griffith Charles H $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2018 03/12/18 Sold $156,500 -7.9% $140 / Sq Ft
02/10/2018 02/10/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $169,900 -- $152 / 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 $3,560 $177,969 -- --
2023 $3,348 $166,573 $0 $0
2022 $3,021 $156,074 $0 $0
2021 $2,722 $146,394 $0 $0
2020 $2,614 $139,740 $68,000 $71,740
2019 $2,642 $139,740 $68,000 $71,740
2018 $2,413 $105,482 $42,621 $62,861
2017 $2,131 $85,900 $23,039 $62,861
2016 $2,084 $82,060 $0 $0
2015 $2,135 $80,207 $0 $0
2014 $2,010 $72,915 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10399450

BeachesMLS

APN: 74-43-43-28-13-007-0030