NOT LISTED FOR SALE

1317 N Federal Hwy Lake Worth, FL 33460

Eden Place Neighborhood

Estimated Value: $443,000 - $859,000

8 Beds
4 Baths
3,584 Sq Ft
$207/Sq Ft Est. Value

Last Sold December 18, 2023

Last sale price $817,000 $228 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,393/month

4 Days on Market

Highlights

  • Garden View
  • Central Air
  • Heating Available
  • Ceramic Tile Flooring

About This Home

As of December 2023

Welcome to an exceptional investment opportunity - a True QuadPlex perfectly situated just 2 blocks from the prestigious College Park, offering the convenience of a short stroll to downtown Lake Worth and Lake Worth Beach. This robust CBS construction property features a total of 8 bedrooms and 4 bathrooms, providing a solid foundation for an investor's dream.Step inside to discover updated interiors, including modern kitchens, bathrooms, and flooring, ensuring a contemporary and comfortable living experience. Recent rental comparables suggest a strong market demand, with potential rents exceeding $2,000 per month per unit, making this QuadPlex a lucrative prospect.Unit 3, currently vacant, adds versatility to the investment. With the new Fannie Mae 5% down program,

Last Agent to Sell the Property

Laura Auten

Elevate Realty LLC License #3499523 Listed on: 11/22/2023

Last Buyer's Agent

SHARON ROSS

EXP Realty LLC License #3405749

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,779

Year Built

  • Built in 1973

Lot Details

  • 4,748 Sq Ft Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,584 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • Garden Views

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 38434415160130120

Community Details

Overview

  • 4 Units
  • North Lake Worth Subdivision

Building Details

  • Operating Expense $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,779

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: At Exit 64, head on the ramp right and follow signs for 10th Ave N, Bear left, then bear left onto 10th Ave N, Turn left onto FL-5 / N Federal Hwy, Arrive at FL-5 / N Federal Hwy.
  • Year Built: 1973
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Tile
  • Living Area: 3584.0

Exterior Features

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

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Parcel #: 38434415160130120
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 4748.0
  • Zoning Description: Multi
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 1.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 1.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9779.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2023
Closed on
Dec 15, 2023
Sold by
Brightlite Rebuild Pbc 10 Land Trust
Bought by
Bhadriraju Krishna Srirama and Medepalli Kantha
Seller's Agent
Laura Auten
Elevate Realty LLC
Buyer's Agent
SHARON ROSS
EXP Realty LLC
List Price
$879,960
Sold Price
$817,000
Premium/Discount to List
-$62,960
-7.15%
Views
15
Current Estimated Value
$741,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75,587
Avg. Annual Appreciation
-5.46%
Original Mortgage
$776,150
Outstanding Balance
$763,919
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$22,506

Purchase Details

Listed on
Nov 22, 2023
Closed on
Nov 14, 2023
Sold by
Anworth Properties Llc
Bought by
Brightlite Rebuild Pbc 10 Land Trust
Seller's Agent
Laura Auten
Elevate Realty LLC
Buyer's Agent
SHARON ROSS
EXP Realty LLC
List Price
$879,960
Sold Price
$817,000
Premium/Discount to List
-$62,960
-7.15%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,150
Outstanding Balance
$763,919
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$22,506

Purchase Details

Closed on
May 27, 2014
Sold by
Gudmundsson Idania and Gudmundsson Evjolfur
Bought by
Anworth Properties Inc

Purchase Details

Closed on
Sep 26, 2006
Sold by
Gudmundsson Eyjolfur and Gudmundsson Idania
Bought by
Gudmundsson Idania

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
6.48%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 13, 2006
Sold by
Gudmundsson Eyjolfur B
Bought by
Gudmundsson Idania

Purchase Details

Closed on
Feb 3, 2005
Sold by
Gudmundsson Idania
Bought by
Gudmundsson Eyjolfur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 20, 2004
Sold by
Gudmundsson Eyjolfur
Bought by
Gudmundsson Idania

Purchase Details

Closed on
Mar 2, 1998
Sold by
Ralph S Jr And Eileen M Moe Trs
Bought by
Gudmundsson Eyjolfur B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.86%
Mortgage Type
Balloon
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
Bhadriraju Krishna Srirama $817,000 Florida Fidelity Title & Escro
Bhadriraju Krishna Srirama $817,000 Florida Fidelity Title & Escro
Brightlite Rebuild Pbc 10 Land Trust $2,467,437 None Listed On Document
Anworth Properties Inc $217,800 None Available
Gudmundsson Idania -- Asset Land Title Svcs Llc
Gudmundsson Idania -- None Available
Gudmundsson Eyjolfur -- --
Gudmundsson Idania -- --
Gudmundsson Eyjolfur B $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhadriraju Krishna Srirama $776,150
Closed Bhadriraju Krishna Srirama $776,150
Open Brightlite Rebuild Pbc 10 Land Trust $2,077,439
Previous Owner Gudmundsson Idania $40,814
Previous Owner Gudmundsson Idania $200,000
Previous Owner Gudmundsson Eyjolfur $255,000
Previous Owner Gudmundsson Eyjolfur $207,060
Previous Owner Gudmundsson Eyjolfur B $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2023 12/18/23 Sold $817,000 -7.2% $228 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
11/22/2023 11/22/23 For Sale $879,960 -- $246 / 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 $16,614 $661,067 -- --
2023 $9,779 $333,303 $0 $0
2022 $8,733 $303,003 $0 $0
2021 $8,275 $297,884 $42,750 $255,134
2020 $7,573 $250,415 $42,750 $207,665
2019 $7,544 $250,519 $39,663 $210,856
2018 $6,860 $224,986 $38,523 $186,463
2017 $6,844 $223,133 $36,670 $186,463
2016 $6,804 $224,199 $0 $0
2015 $6,967 $225,358 $0 $0
2014 $6,612 $205,207 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Laura Auten

    Seller's Agent in 2023

    Laura Auten

    Elevate Realty LLC

    (561) 427-3923

    1 in this area

    375 Total Sales

    Laura Auten
    Section Image
  • SHARON ROSS

    Buyer's Agent in 2023

    SHARON ROSS

    EXP Realty LLC

    (561) 374-4582

    2 in this area

    94 Total Sales

    SHARON ROSS
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10938066

BeachesMLS

APN: 38-43-44-15-16-013-0120

Florida Palm Beach County Lake Worth 33460 Eden Place

1317 N Federal Hwy, Lake Worth, FL

This home is located at 1317 N Federal Hwy, Lake Worth, FL 33460 since 22 November 2023 and is currently estimated at $741,413, approximately $206 per square foot. This property was built in 1973. 1317 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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