NOT LISTED FOR SALE

1236 Beach Rd Riviera Beach, FL 33404

Estimated Value: $1,540,000 - $1,702,000

8 Beds
4 Baths
3,648 Sq Ft
$444/Sq Ft Est. Value

Last Sold March 22, 2018

Last sale price $1,250,000 $343 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $10,528/month

63 Days on Market

Highlights

  • Property has ocean access
  • Garden View
  • Open Patio
  • William T. Dwyer High School Rated A-
  • Balcony
  • Ceramic Tile Flooring

About This Home

As of March 2018

Great investment opportunity! Renovated building with 4 condo units, 2 bedroom/1.5 bathrooms furnished. Upgraded kitchens, baths, and flooring throughout. Each unit has new a/c units and separate electric meters. CSB construction and new concrete balcony on second floor and spacious unique backyard. Close proximity to the Palm Beach Shores, Sailfish Marina,Ritz Carlton, Marriott,Palm Beach Inlet, Ocean, and the Beach,restaurants and shopping. Minutes to I-95 & Palm Beach Worth Ave. No washer/dryer in units, laundromat in close proximity.

Last Agent to Sell the Property

Missy Mccloskey

Douglas Elliman (Jupiter) License #3204562 Listed on: 12/18/2017

Douglas Elliman (Jupiter)

Last Buyer's Agent

Rhys Hollyman

Logan Realty Inc License #3034120

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,759

Year Built

  • Built in 1964

Lot Details

  • 8,233

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,648 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • Garden Views

Outdoor Features

  • Property has ocean access
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 4 Units
  • Palm Beach Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 56434227630010000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,759

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: East on Blue Heron over bridge, turn right on Lake Dr, take 2nd left, which is Beach Rd, property on left
  • Year Built: 1964
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3648.0

Exterior Features

  • Exterior Features: Balcony
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: Ocean Access
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 56434227630010000
  • Zoning Description: Res

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 9759.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2017
Closed on
Mar 22, 2018
Sold by
Sandpiper Apts Llc
Bought by
1236 Beach Road Llc
Seller's Agent
Missy Mccloskey
Douglas Elliman (Jupiter)
Buyer's Agent
Rhys Hollyman
Logan Realty Inc
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Current Estimated Value
$1,621,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,000
Avg. Annual Appreciation
5.62%

Purchase Details

Closed on
Jul 2, 2015
Sold by
Allett Milo H and Allett Sandy B
Bought by
Sandpiper Apts Llc

Purchase Details

Closed on
Apr 4, 2005
Sold by
Allett Helen L
Bought by
Allett Milo H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
1236 Beach Road Llc $1,250,000 Attorney
Sandpiper Apts Llc $500,000 Premiere Title South Fl Llc
Allett Milo H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allett Milo H $50,973
Previous Owner Allett Milo H $350,000
Previous Owner Allett Milo H $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2018 03/22/18 Sold $1,250,000 -7.4% $343 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
12/18/2017 12/18/17 For Sale $1,350,000 -- $370 / 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 $22,701 $1,040,838 -- --
2023 $21,755 $946,216 $0 $0
2022 $19,593 $860,196 $0 $0
2021 $17,416 $781,996 $333,850 $448,146
2020 $16,195 $720,519 $291,456 $429,063
2019 $14,888 $654,112 $278,208 $375,904
2018 $10,234 $455,353 $222,053 $233,300
2017 $9,721 $425,883 $193,066 $232,817
2016 $9,366 $401,137 $0 $0
2015 $6,470 $309,822 $0 $0
2014 -- $296,468 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10390209

BeachesMLS

APN: 56-43-42-27-63-001-0000