NOT LISTED FOR SALE

1311 N Federal Hwy Lake Worth, FL 33460

Eden Place Neighborhood

Estimated Value: $514,000 - $616,851

4 Beds
3 Baths
1,906 Sq Ft
$300/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $265,000 $139 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $3,637/month

18 Days on Market

Highlights

  • Interior Lot
  • Ceramic Tile Flooring
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan

About This Home

As of July 2017

GREAT INVESTMENT PROPERTY LOCATED ON THE HEART OF LAKE WORTH, SURROUND BY RESIDENTIAL AND COMMERCIAL BUILDINGS, WITH A NEW TENANT AND OTHERS ABOUT TO RENEW THEIR LEASES, INCOME WILL INCREASE. NEW ROOF FROM 2015, ALL HAVE STOVE,REFRIGERATOR,WALL AC. PARKING FOR 6 CARS. ON SITE LAUNDRY ROOM

Last Agent to Sell the Property

Cesar Torres

Highlight Realty Corp/LW License #3357112 Listed on: 05/19/2017

Highlight Realty Corp/LW

Co-Listed By

Karen Anise

Southdale Properties Inc. License #3077477

Last Buyer's Agent

Karen Anise

Southdale Properties Inc. License #3077477

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,729

Year Built

  • Built in 1963

Lot Details

  • 4,748

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,906 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Interior Lot
  • Flood Zone Lot

Listing and Financial Details

  • Total Actual Rent $30,900
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 38434415160130140

Community Details

Overview

  • Association fees include laundry, ground maintenance, maintenance structure, sewer, trash, water
  • 3 Units
  • N Lake Worth Subdivision

Building Details

  • Operating Expense $1,800
  • Net Operating Income $29,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,729

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: I-95 TO 10th St. Head East to Federal Hwy and head south on Federal past 13th St. to second property on left.
  • Year Built: 1963
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1906.0

Exterior Features

  • Lot Features: Flood Zone, Interior Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Cable TV
  • Senior Community: No
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Laundry, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water

Lot Info

  • Parcel #: 38434415160130140
  • Zoning Description: POMF20

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 29100.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 1800.0
  • Total Actual Rent: 30900.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3729.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2017
Closed on
Jul 7, 2017
Sold by
Fami Invest 3 Llc
Bought by
Ramsbhag Shernett J
Seller's Agent
Cesar Torres
Highlight Realty Corp/LW
Buyer's Agent
Karen Anise
Southdale Properties Inc.
List Price
$299,000
Sold Price
$265,000
Premium/Discount to List
-$34,000
-11.37%
Current Estimated Value
$572,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,713
Avg. Annual Appreciation
10.40%
Original Mortgage
$198,750
Outstanding Balance
$167,721
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$427,645

Purchase Details

Closed on
Apr 15, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Fami Invest 3 Llc

Purchase Details

Closed on
Feb 21, 2013
Sold by
Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 25, 2013
Sold by
Cordova Lilian A and Walker Michael
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 7, 2000
Sold by
Dumeny Steve M
Bought by
Cordova Lilian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,110
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 1998
Sold by
Kondratuk Pedro and Kondratuk Lidia
Bought by
Dumeny Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,720
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 24, 1994
Sold by
Ives Ray S
Bought by
Kondratuk Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,550
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
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
Ramsbhag Shernett J $265,000 Camino Title Inc
Fami Invest 3 Llc $117,000 Attorney
Federal Home Loan Mortgage Corporation -- New House Title Llc
Wells Fargo Bank Na -- None Available
Cordova Lilian A $137,900 --
Dumeny Steven M $59,600 --
Kondratuk Pedro $79,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramsbhag Shernett J $198,750
Previous Owner Cordova Lilian A $262,500
Previous Owner Dumeny Steven M $124,110
Previous Owner Dumeny Steven M $124,110
Previous Owner Dumeny Steven M $87,720
Previous Owner Kondratuk Pedro $59,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2017 07/07/17 Sold $265,000 -11.4% $139 / Sq Ft
06/07/2017 06/07/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $299,000 -- $157 / 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 $6,492 $195,870 -- --
2023 $5,653 $178,064 $0 $0
2022 $4,967 $161,876 $0 $0
2021 $4,713 $149,029 $42,750 $106,279
2020 $4,408 $133,908 $42,750 $91,158
2019 $4,186 $130,821 $39,663 $91,158
2018 $3,792 $110,564 $38,523 $72,041
2017 $3,803 $109,892 $36,670 $73,222
2016 $3,729 $108,135 $0 $0
2015 $3,756 $106,472 $0 $0
2014 $3,658 $101,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cesar Torres

    Seller's Agent in 2017

    Cesar Torres

    Highlight Realty Corp/LW

    (561) 641-6787

    12 Total Sales

    Cesar Torres
    Section Image

  • K

    Seller Co-Listing Agent in 2017

    Karen Anise

    Southdale Properties Inc.

See All Agents

Map

Source: BeachesMLS

MLS Number: R10335877

BeachesMLS

APN: 38-43-44-15-16-013-0140

Florida Palm Beach County Lake Worth 33460 Eden Place

1311 N Federal Hwy, Lake Worth, FL

This home is located at 1311 N Federal Hwy, Lake Worth, FL 33460 since 19 May 2017 and is currently estimated at $572,713, approximately $300 per square foot. This property was built in 1963. 1311 N Federal Hwy 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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