NOT LISTED FOR SALE

1235 Beach Rd Riviera Beach, FL 33404

Estimated Value: $643,388 - $957,000

8 Beds
4 Baths
2,614 Sq Ft
$310/Sq Ft Est. Value

Sale Details

Date Sold: September 24, 2021

Last sale price $885,000 $339 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,061 / mo

2 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • William T. Dwyer High School Rated A-
  • Fenced

About This Home

As of September 2021

Rarely available 4 plex located on Singer Island. Each unit is 2 bedroom one bath. Fully rented. One block to the beach and restaurants. Each unit has a separate electric meter.

Last Agent to Sell the Property

George Lubeck

Lubeck Realty Group Inc License #3446742 Listed on: 08/12/2021

Co-Listed By

Nancy Lubeck

Lubeck Realty Group Inc License #0627218

Last Buyer's Agent

Rhys Hollyman

Logan Realty Inc License #3034120

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,949

Year Built

  • Built in 1958

Lot Details

  • 4,976 Sq Ft Lot
  • Fenced

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4 Bathrooms
  • 2,614 Sq Ft Home
  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 56434227040004110

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Palm Beach Shores/Riviera Beach Subdivision

Building Details

  • Gross Income $44,100
  • Net Operating Income $24,531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,949

Year Built

Built in 1958

Lot Details

4,976 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: Driving east on Blue Heron Blvd. Go over Bridge to Singer Island. Take Right on Lake Drive and a Left on Beach Road. Property will be on your right hand side.
  • Year Built: 1958
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Other
  • Living Area: 2614.0

Exterior Features

  • View: Other
  • Fencing: Fenced
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 56434227040004110
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.6
  • Mobile Dim Units: Feet
  • Zoning: RMH-15

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Property Net Operating Income: 24531.0
  • Number Of Units In Community: 4
  • Annual Gross Income: 44100.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9949.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 21, 2021
Sold by
Budnyk Samuel and Budnyk Maurita B
Bought by
Simon Joseph and Simon Lauren
Seller's Agent
George Lubeck
Lubeck Realty Group Inc
Buyer's Agent
Rhys Hollyman
Logan Realty Inc
List Price
$885,000
Sold Price
$885,000
Current Estimated Value
$810,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,653
Avg. Annual Appreciation
-1.89%
Original Mortgage
$663,750
Outstanding Balance
$596,008
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$214,339
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Simon Joseph $885,000 None Listed On Document
Simon Joseph Alexander $885,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon Joseph Alexander $663,750
Closed Simon Joseph Alexander $663,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $885,000 0.0% $339 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $885,000 -- $339 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $9,170 $448,246 -- --
2024 $9,170 $422,014 -- --
2023 $8,666 $383,649 $0 $428,994
2022 $7,777 $348,772 $0 $0
2021 $5,774 $252,135 $0 $252,135
2020 $5,286 $224,510 $0 $224,510
2019 $4,990 $217,288 $0 $217,288
2018 $4,376 $184,331 $0 $184,331
2017 $4,081 $168,421 $0 $0
2016 $4,016 $159,504 $0 $0
2015 $3,779 $145,004 $0 $0
2014 $3,523 $131,822 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10738069

BeachesMLS (Greater Fort Lauderdale)

APN: 56-43-42-27-04-000-4110

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