$276,000
SOLD FEB 4, 2019
-- Bed
-- Bath
1,121 Sq Ft
4,008 Sq Ft Lot

Recently Sold

$246 Per Sq Ft

9% Below List Price

93 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • 2 Car Garage

About This Home

As of February 2023

Beautiful key west style duplex in the heart of lake worth! Property features fully updated units with a medal roof and a 2 car garage! New landscape, new wood floors, new led lighting throughout,updated kitchen and bathrooms! Enjoy your profits as you walk to the beach or downtown just a block away! This property will not last! If interested in more units seller is selling all 10 units in Downtown Lake Worth. Perfect for 1031.

Last Agent to Sell the Property

Kyle Cruz

Stateland Brown Holdings License #3259940 Listed on: 10/03/2018

Stateland Brown Holdings

Last Buyer's Agent

Michael Watson

Mangrove Property Management License #3268165

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,626

Year Built

  • Built in 1938

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,121 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38434421150220111

Community Details

Overview

  • 2 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $5,600
  • Net Operating Income $23,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,626

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: SE CORNER OF NORTH L STREET AND 2ND AVENUE
  • Year Built: 1938
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1121.0

Exterior Features

  • Exterior Features: None
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421150220111
  • Lot Size: < 1/4 Acre
  • Zoning Description: res

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 23800.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5600.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3626.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Feb 28, 2023
Sold by
Fatata Kevin S
Bought by
Hyman Kevin Paul
Seller's Agent
Viktoria Bariska
Florida Capital Realty
List Price
$615,000
Sold Price
$512,000
Premium/Discount to List
-$103,000
-16.75%
Views
21
Current Estimated Value
$569,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,339
Avg. Annual Appreciation
4.20%
Original Mortgage
$358,400
Outstanding Balance
$349,145
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$216,230

Purchase Details

Listed on
Jan 18, 2021
Closed on
Mar 25, 2021
Sold by
Mergler Jay K
Bought by
Fatata Kevin S
Seller's Agent
Charles Hoover
Inactive member
List Price
$449,900
Sold Price
$375,000
Premium/Discount to List
-$74,900
-16.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.61%

Purchase Details

Listed on
Oct 3, 2018
Closed on
Feb 4, 2019
Sold by
K2lw Llc
Bought by
Mergler Jay
Seller's Agent
Kyle Cruz
Stateland Brown Holdings
Buyer's Agent
Michael Watson
Mangrove Property Management
List Price
$304,900
Sold Price
$276,000
Premium/Discount to List
-$28,900
-9.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.40%

Purchase Details

Closed on
Feb 14, 2017
Sold by
Ford John J
Bought by
K2lw Llc

Purchase Details

Closed on
May 24, 2010
Sold by
Schiavone Nicholas Michael
Bought by
Ford John J

Purchase Details

Closed on
Jan 13, 2004
Sold by
Spies James B and Spies Darlene A
Bought by
Schiavone Nicholas Michael

Purchase Details

Closed on
Jul 9, 2003
Sold by
Spies Darlene A and Spies James B
Bought by
Spies James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1998
Sold by
Sollak Delvie K
Bought by
Pezza Dave
Source: Public Records

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Range of Values:

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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 $512,000 Title Brothers Llc
Warranty Deed $375,000 Title Brothers Llc
Warranty Deed $276,000 Title Now Llc
Warranty Deed $198,000 Attorney
Warranty Deed $90,000 Universal Land Title Llc
Warranty Deed $197,000 --
Interfamily Deed Transfer -- Delray Title & Abstract Co
Warranty Deed $53,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $358,400 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $191,800 Fannie Mae Freddie Mac
Previous Owner $156,000 Fannie Mae Freddie Mac
Previous Owner $100,000 Balloon
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $47,300 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2023 02/25/23 Sold $512,000 -6.9% $457 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
01/04/2023 01/04/23 Price Changed $550,000 -6.0% $491 / Sq Ft
11/29/2022 11/29/22 Price Changed $584,990 -2.3% $522 / Sq Ft
10/28/2022 10/28/22 Price Changed $599,000 -2.6% $534 / Sq Ft
10/05/2022 10/05/22 For Sale $615,000 +64.0% $549 / Sq Ft
03/25/2021 03/25/21 Sold $375,000 -16.6% $335 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $449,900 +63.0% $401 / Sq Ft
02/04/2019 02/04/19 Sold $276,000 -9.5% $246 / Sq Ft
01/05/2019 01/05/19 Pending -- -- --
10/03/2018 10/03/18 For Sale $304,900 -- $272 / 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 $10,674 $437,479 -- --
2023 $9,194 $373,261 $151,200 $222,061
2022 $8,722 $347,305 $0 $0
2021 $5,499 $209,110 $50,000 $159,110
2020 $4,999 $177,381 $50,000 $127,381
2019 $4,585 $159,286 $50,000 $109,286
2018 $4,463 $157,796 $49,804 $107,992
2017 $3,626 $148,971 $45,276 $103,695
2016 $3,399 $100,008 $0 $0
2015 $3,250 $90,916 $0 $0
2014 $2,944 $82,651 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10469359

BeachesMLS

APN: 38-43-44-21-15-022-0111