NOT LISTED FOR SALE

126 N Palmway Unit 1-3 Lake Worth, FL 33460

Parrot Cove Neighborhood

Estimated Value: $773,000 - $1,192,093

5 Beds
4 Baths
2,008 Sq Ft
$497/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $915,000 $456 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,876/month

42 Days on Market

Highlights

  • Water Views
  • Ceramic Tile Flooring
  • Central Heating and Cooling System

About This Home

As of December 2021

Turnkey Triplex in Parrot Cove. Consisting of a 3 bedroom/2 bath with large private turfed backyard and carport. Two 1 bedrooms/1 bath. All units have W/D, hardwood floors, SS appliances. Impact Windows and Doors. New Roof. Private parking spaces for all residents. All leases are up in December, so continue to rent at higher rental numbers or turn into short-term rentals - either way you will increase rent roll tremendously. This is a legal 3-unit structure where all the work has been done to code. Trophy property priced to sell!

Last Agent to Sell the Property

Lana Kislin

Charles Rutenberg Realty FTL License #3382320 Listed on: 10/04/2021

Charles Rutenberg Realty FTL

Last Buyer's Agent

Barry Frette

William Raveis Real Estate License #3311433

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,354

Year Built

  • Built in 1950

Lot Details

  • 6,750

Home Design

  • Triplex

Interior Spaces

  • 2,008 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • Water Views

Additional Features

  • 6,750 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38434421150320070

Community Details

Overview

  • 3 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $15,000
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,354

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: LAKE AVE EAST to PALMWAY. North towards property.
  • Year Built: 1950
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2008.0

Exterior Features

  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421150320070
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: MF-20(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 48000.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 15000.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9354.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2024
Sold by
Gigliotti Mario and Gigliotti Pierina
Bought by
Marpier Properties Llc
Total Days on Market
42
Current Estimated Value
$997,023

Purchase Details

Listed on
Oct 4, 2021
Closed on
Dec 16, 2021
Sold by
126 North Palmway Jv Llc
Bought by
Gigliotti Mario and Gigliotti Pierina
Seller's Agent
Lana Kislin
Charles Rutenberg Realty FTL
Buyer's Agent
Barry Frette
William Raveis Real Estate
List Price
$975,000
Sold Price
$915,000
Premium/Discount to List
-$60,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.97%
Original Mortgage
$200,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2018
Sold by
Jel Development Iii Llc
Bought by
126 North Palmway Jv Llc

Purchase Details

Closed on
Apr 27, 2017
Sold by
Lynch Brenden
Bought by
Jel Development Llc

Purchase Details

Closed on
Jul 29, 2004
Sold by
Shugars Jeffrey S and Shugars Gillian G
Bought by
Lynch Brendan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 1, 2001
Sold by
Fishbein Deborah Clare
Bought by
Shugars Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,625
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 1999
Sold by
Lewis Grace E
Bought by
Fishbein Deborah C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
7.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 1994
Sold by
Lewis Grace E
Bought by
Lewis Grace E
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
Marpier Properties Llc -- None Listed On Document
Gigliotti Mario $915,000 Valdes Law Firm
126 North Palmway Jv Llc $160,000 Attorney
Jel Development Llc $320,000 Attorney
Lynch Brendan $475,000 --
Shugars Jeffrey S $177,500 Standard Title Ins Agency In
Fishbein Deborah C -- --
Lewis Grace E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gigliotti Mario $200,000
Previous Owner 126 North Palmway Jv Llc $357,500
Previous Owner Lynch Brendan $380,000
Previous Owner Shugars Jeffrey S $75,000
Previous Owner Shugars Jeffrey $220,000
Previous Owner Shugars Jeffrey $170,000
Previous Owner Shugars Jeffrey S $168,625
Previous Owner Fishbein Deborah C $35,000
Previous Owner Fishbein Deborah C $103,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $915,000 -6.2% $456 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $975,000 -- $486 / 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 $15,344 $631,860 -- --
2023 $15,006 $640,067 $285,423 $354,644
2022 $14,388 $602,641 $0 $0
2021 $8,107 $316,341 $137,750 $178,591
2020 $9,354 $367,169 $220,000 $147,169
2019 $9,487 $369,465 $220,000 $149,465
2018 $8,097 $318,027 $187,110 $130,917
2017 $5,606 $249,651 $138,600 $111,051
2016 $5,250 $177,672 $0 $0
2015 $4,648 $161,520 $0 $0
2014 $4,416 $146,836 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lana Kislin

    Charles Rutenberg Realty FTL

    (800) 531-5104

    1 in this area

    6 Total Sales

    Lana Kislin
    Section Image
  • Barry Frette

    Buyer's Agent in 2021

    Barry Frette

    William Raveis Real Estate

    (561) 880-5587

    2 in this area

    46 Total Sales

    Barry Frette
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10749691

BeachesMLS

APN: 38-43-44-21-15-032-0070

Florida Palm Beach County Lake Worth 33460 Parrot Cove

126 N Palmway Unit 1-3, Lake Worth, FL

This home is located at 126 N Palmway Unit 1-3, Lake Worth, FL 33460 since 04 October 2021 and is currently estimated at $997,023, approximately $496 per square foot. This property was built in 1950. 126 N Palmway Unit 1-3 is a home located in Palm Beach County with nearby schools including Lake Worth High School, North Grade Elementary School, and Lake Worth Community 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.

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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