NOT LISTED FOR SALE

1229 S M St Lake Worth, FL 33460

Pineapple Beach Neighborhood

Estimated Value: $468,000 - $511,000

2 Beds
2 Baths
1,246 Sq Ft
$389/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $250,000 $201 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,242/month

50 Days on Market

Highlights

  • No HOA
  • Energy-Efficient Appliances
  • Central Heating and Cooling System
  • Complete Accordion Shutters
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of September 2020

Beautiful corner lot fully rented duplex in lake Worth, 3 blocks away from the water! duplex has a modern ranch look with hurricane shutters, huge yard, great curb appeal. Property had brand new SOD put in, both units have been renovated. Unit #1 is a 2/2 unit rented for $1550 lease ends on March 2021, Unit #2 is a 1/1 rented for $900 lease ends on January 2021. Both tenants pay utilities. JUST BUY AND COLLECT! This income producing property is making $2450 per month! Perfect for investors! Hot area! Prices are going higher! 2 blocks away from million dollar homes!

*Videos for both units are available per request, DO NOT DISTURB tenants, showings can be done after an offer is presented. SERIOUS BUYERS ONLY

Last Agent to Sell the Property

Andres Maldonado

The Firm Miami LLC License #3336218 Listed on: 07/06/2020

Co-Listed By

Jose Sanabria

RE/MAX Concierge License #3400334

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,226

Year Built

  • Built in 1957

Lot Details

  • 6,708

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Flat Roof with Façade front
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,246 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Complete Accordion Shutters

Eco-Friendly Details

  • Energy-Efficient Appliances

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • 2 Units
  • Lake Worth Town Of Add 1 Condos
  • Lake Worth Town Of Add 1 Subdivision

Listing and Financial Details

  • Total Actual Rent $29,400
  • Rent includes gardener, pest control
  • Assessor Parcel Number 38434427010550160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,226

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1957
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Co List Office Mls Id: JSLL01
  • Co List Office Phone: 888-982-5883
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: LAKE WORTH TOWN OF ADD 1
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor, Tile
  • Living Area: 1246
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Complete Accordian Shutters

Exterior Features

  • Roof: Flat Roof With Facade Front
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LAKE WORTH TOWN OF ADD 1
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 38434427010550160
  • Zoning: SF-7 (ci
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Appliances

Rental Info

  • Rent Includes: Gardener, Pest Control

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4226

Multi Family

  • Number Of Units In Community: 2
  • Total Actual Rent: 29400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2021
Sold by
Dai Joseph A and Dai Giuseppina
Bought by
P S R Homes 8 Llc
Current Estimated Value
$485,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
2.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 6, 2020
Closed on
Aug 24, 2020
Sold by
Duque Andres Mauricio and Seraphin Rochener
Bought by
Dai Joseph A
Seller's Agent
Andres Maldonado
The Firm Miami LLC
List Price
$274,000
Sold Price
$250,000
Premium/Discount to List
-$24,000
-8.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.15%
Original Mortgage
$187,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2019
Sold by
Seraphin Rochener
Bought by
Duque Andres Mauricio and Seraphin Rochener

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,250
Interest Rate
3.5%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 27, 2019
Sold by
Antigua Andres A and Perez Evelyn
Bought by
Seraphin Rochener

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,250
Interest Rate
3.5%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 25, 2017
Sold by
Perez Evelyn
Bought by
Antigua Andres A

Purchase Details

Closed on
Dec 20, 1996
Sold by
Montalvo Wilson and Montalvo Luz E
Bought by
Perez Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,916
Interest Rate
7.65%
Mortgage Type
FHA
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
P S R Homes 8 Llc $300,000 The Closing Source Inc
Dai Joseph A $250,000 Florida Ttl & Guarantee Agcy
Duque Andres Mauricio $74,625 Attorney
Seraphin Rochener $199,000 Cooperative Ttl Agcy Of Fl I
Antigua Andres A -- Attorney
Perez Evelyn $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Psr Homes 8 Llc $240,000
Closed P S R Homes 8 Llc $248,000
Previous Owner Dai Joseph A $187,500
Previous Owner Seraphin Rochener $149,250
Previous Owner Perez Gilberto $67,500
Previous Owner Perez Gilberto $67,500
Previous Owner Perez Evelyn $68,916
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2020 09/09/20 Sold $250,000 -8.8% $201 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $274,000 -- $220 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $7,883 $299,143 -- --
2023 $7,203 $271,948 $0 $0
2022 $6,453 $247,225 $0 $0
2021 $5,302 $190,800 $66,000 $124,800
2020 $4,677 $162,981 $66,000 $96,981
2019 $4,228 $160,144 $61,600 $98,544
2018 $3,692 $123,772 $44,895 $78,877
2017 $2,403 $97,512 $0 $0
2016 $2,300 $67,947 $0 $0
2015 $2,156 $62,849 $0 $0
2014 $1,720 $58,195 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andres Maldonado

    Seller's Agent in 2020

    Andres Maldonado

    The Firm Miami LLC

    (424) 279-2369

    15 Total Sales

    Andres Maldonado
    Section Image
  • Jose Sanabria

    Seller Co-Listing Agent in 2020

    Jose Sanabria

    RE/MAX

    (305) 788-8216

    5 Total Sales

    Jose Sanabria
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10887847

MIAMI REALTORS® MLS

APN: 38-43-44-27-01-055-0160

Florida Palm Beach County Lake Worth 33460 Pineapple Beach

1229 S M St, Lake Worth, FL

This home is located at 1229 S M St, Lake Worth, FL 33460 since 06 July 2020 and is currently estimated at $485,182, approximately $389 per square foot. This property was built in 1957. 1229 S M St 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.

MIAMI REALTORS® MLS 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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