$750,000
SOLD JUL 12, 2018
-- Bed
-- Bath
2,340 Sq Ft
0.27 Acres

Recently Sold

$321 Per Sq Ft

6% Below List Price

44 Days on Market

Highlights

  • Saltwater Pool
  • Patio
  • Fenced
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of December 2021

ONE OF A KIND PROPERTY IN DOWNTOWN LAKE WORTH!!!!! 3 building, 4 unit complex. 3 units 1 bedroom/1 bath, 1 unit 2 bedrooms/1 bath. Beautiful heated salt-water pool serves as the center of this tranquil oasis. All units have washer/dryer, dishwasher, refrigerator, gas range, tank-less water heaters, central air. Cabana Bathroom with outdoor shower. 8 private parking spaces, 4 in front of building, 4 in back alley. Property comes fully furnished. Zoned as commercial and residential. Investors paradise.

Last Agent to Sell the Property

Patrick Ryan

Keyes - Boca East License #3399045 Listed on: 04/28/2018

Keyes - Boca East

Last Buyer's Agent

Jennifer Spitznagel

Brown Harris Stevens of PB License #618857

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,947

Year Built

  • Built in 1956

Lot Details

  • 0.27 Acre Lot
  • Fenced

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,340 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Outdoor Features

  • Saltwater Pool
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38434421150240060

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $22,000
  • Net Operating Income $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,947

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Dixie Hwy, turn east on 2nd Ave N,turn right on N L St. Property on left.
  • Year Built: 1956
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 2340.0

Exterior Features

  • Exterior Features: Fence, Patio
  • Pool Features: Heated, Pool, Salt Water
  • Waterfront: No
  • Construction Type: Block, Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421150240060
  • Lot Size Sq Ft: 11880.0
  • Zoning Description: PO/MF-
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 50000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 22000.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 8947.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2021
Closed on
Dec 30, 2021
Sold by
Casabela Investments Llc
Bought by
Bliss Villas Llc
Seller's Agent
Carrie Kennedy
United Realty Group, Inc
Buyer's Agent
Michael Cuevas
Acquire Palm Beach LLC
List Price
$975,000
Sold Price
$1,010,000
Premium/Discount to List
$35,000
3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%

Purchase Details

Listed on
Apr 28, 2018
Closed on
Jul 12, 2018
Sold by
As Time Goes By Llc
Bought by
Casabela Investments Llc
Seller's Agent
Patrick Ryan
Keyes - Boca East
Buyer's Agent
Jennifer Spitznagel
Brown Harris Stevens of PB
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%

Purchase Details

Closed on
Mar 24, 2015
Sold by
Morin John D and Morin Gail T
Bought by
As Time Goes By Llc

Purchase Details

Closed on
Jul 7, 2011
Sold by
Engel Steven R and Haass India C
Bought by
Morin John D

Purchase Details

Closed on
Sep 28, 2007
Sold by
Dell Scot T and Dell Karen E
Bought by
Engel Steven R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,900
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2003
Sold by
Sitta Laura
Bought by
Dell Scot T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2002
Sold by
Nault Armand R and Nault Cynthia K
Bought by
Sitta Laura

Purchase Details

Closed on
Feb 8, 1999
Sold by
Sandy Nelson and Sandy Patricia
Bought by
Sitta Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,241
Interest Rate
6.8%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 27, 1996
Sold by
Serafini George J
Bought by
Sandy Nelson

Purchase Details

Closed on
Apr 10, 1996
Sold by
Jeanak Hazel U
Bought by
Serafini George J
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 Type Sale Price Title Company
Warranty Deed $1,010,000 First International Title
Warranty Deed $750,000 Attorney
Warranty Deed -- None Available
Warranty Deed $350,000 None Available
Warranty Deed $610,000 Universal Land Title Inc
Warranty Deed $275,000 Sunbelt Title Agency
Quit Claim Deed -- Commerce Title Company
Warranty Deed $135,000 --
Warranty Deed $69,000 --
Warranty Deed $60,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $69,900 Purchase Money Mortgage
Previous Owner $58,000 Credit Line Revolving
Previous Owner $456,958 Unknown
Previous Owner $247,500 Purchase Money Mortgage
Previous Owner $20,000 Credit Line Revolving
Previous Owner $133,241 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Price Changed $1,295,000 -7.2% $553 / Sq Ft
04/12/2025 04/12/25 For Sale $1,395,000 +38.1% $596 / Sq Ft
12/30/2021 12/30/21 Sold $1,010,000 +3.6% $432 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
11/07/2021 11/07/21 For Sale $975,000 0.0% $417 / Sq Ft
05/01/2019 05/01/19 Rented $1,300 -3.7% --
04/01/2019 04/01/19 Under Contract -- -- --
03/08/2019 03/08/19 For Rent $1,350 0.0% --
07/12/2018 07/12/18 Sold $750,000 -6.1% $321 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
04/28/2018 04/28/18 For Sale $799,000 -- $341 / 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 $18,560 $748,816 -- --
2023 $19,087 $777,745 $220,600 $557,145
2022 $21,804 $886,745 $0 $0
2021 $14,007 $529,221 $100,000 $429,221
2020 $12,943 $478,146 $100,000 $378,146
2019 $13,131 $483,256 $100,000 $383,256
2018 $9,783 $364,124 $99,607 $264,517
2017 $8,947 $313,781 $90,552 $223,229
2016 $8,395 $293,584 $0 $0
2015 $7,371 $228,437 $0 $0
2014 $6,820 $207,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10427213

BeachesMLS

APN: 38-43-44-21-15-024-0060