NOT LISTED FOR SALE

1400 W 26th St Riviera Beach, FL 33404

Estimated Value: $313,543 - $345,000

3 Beds
1 Bath
1,104 Sq Ft
$300/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $267,000 $242 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,146/month

8 Days on Market

Highlights

  • No HOA
  • Combination Dining and Living Room
  • Heating Available
  • Central Air
  • Ceiling Fan

About This Home

As of December 2021

GREAT INVESTMENT PROPERTY AT 8.7% CAP RATE! $2475 monthly income. 3/1 rented at $1525 per month, Efficiency rented at $950 per month. Both units completely remodeled in 2020. 3/1 unit was painted, new kitchen cabinets with granite countertops and new SS microwave & fridge. Updated bathroom. Tile flooring throughout. Studio/Efficiency remodeled with new paint, new kitchenette with new cabinets and granite countertops, full size fridge, laminate flooring and an updated full bathroom. Both units are leased through DEC 2021. Serious Investors Only. See remarks. Seller has two other properties for sale at 1296 W 36th St and 301 W 14th St. Opportunity to purchase as a package.

Last Agent to Sell the Property

Jesse Clarkson

KELLER WILLIAMS CORNERSTONE RE License #3482147 Listed on: 10/13/2021

KELLER WILLIAMS CORNERSTONE RE

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,712

Year Built

  • Built in 1957

Lot Details

  • 5,053 Sq Ft Lot
  • Lot Dimensions are 105x48

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,104 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • Electric Water Heater

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, water
  • Legal Lot and Block 7 / 22
  • Assessor Parcel Number 56-43-42-29-13-022-0071

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Monroe Heights Subdivision

Building Details

  • Gross Income $29,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,712

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1104
  • Lot Size Acres: 0.12
  • New Construction: No
  • Year Built: 1957
  • Lot Size Sq Ft: 5053
  • Tenant Pays: Electricity, Water
  • Directions to Property: From I-95 take Blue Heron Exit , Left on Avenue R , Right on 23rd , Left on Ave Q, Left on 26th St.
  • Status: Sold
  • Street Direction: W
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM628531?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM628531?w=Customer
  • Unit Count: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.02732
  • Price per Sq Ft: 241.85
  • Close to Original List Price Ratio: 1.02732
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Other, Thermostat
  • Appliances Included: Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Street Number Modifier: 1400
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Other, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Lead Paint

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RS8
  • Parcel Number: 56-43-42-29-13-022-0071
  • Additional Parcels: No
  • Lot Dimensions: 105x48
  • Flood Zone Code: X

Rental Info

  • Total Actual Rent: 2475

Multi Family

  • Gross Income: 29700
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1711.57
  • Tax Block: 22
  • Tax Book Number: 11-68
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Dec 6, 2021
Sold by
Three Castles Llc
Bought by
Correa Luciano and Correa Anaildes
Seller's Agent
Jesse Clarkson
KELLER WILLIAMS CORNERSTONE RE
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$259,900
Sold Price
$267,000
Premium/Discount to List
$7,100
2.73%
Current Estimated Value
$331,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,386
Avg. Annual Appreciation
5.73%
Original Mortgage
$181,560
Outstanding Balance
$167,055
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$164,331

Purchase Details

Closed on
Jun 20, 2019
Sold by
Thomas Vivian Ann and Johnson Stella
Bought by
Three Castles Llc

Purchase Details

Closed on
Jul 26, 2007
Sold by
Thomas Vivian Ann
Bought by
Thomas Vivian Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,250
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 1993
Sold by
Matthews Alvin
Bought by
Thomas Vivian Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
7.26%
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
Correa Luciano $267,000 Affiliated Ttl Of Ctrl Fl Lt
Three Castles Llc $85,700 None Available
Thomas Vivian Ann -- None Available
Thomas Vivian Ann $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Correa Luciano $181,560
Previous Owner Thomas Vivian Ann $140,250
Previous Owner Thomas Vivian Ann $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2021 12/06/21 Sold $267,000 +2.7% $242 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $259,900 0.0% $235 / Sq Ft
12/23/2020 12/23/20 Rented $1,525 -39.0% --
11/23/2020 11/23/20 Under Contract -- -- --
11/02/2020 11/02/20 For Rent $2,500 -- --
Source: Stellar MLS

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 $4,731 $216,081 -- --
2023 $4,317 $196,437 $0 $0
2022 $3,961 $178,579 $0 $0
2021 $1,852 $76,836 $12,800 $64,036
2020 $1,712 $70,095 $10,400 $59,695
2019 $1,407 $63,809 $8,800 $55,009
2018 $1,234 $53,695 $7,870 $45,825
2017 $1,132 $46,328 $5,622 $40,706
2016 $1,039 $38,823 $0 $0
2015 $210 $26,747 $0 $0
2014 $211 $26,535 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM628531

Stellar MLS

APN: 56-43-42-29-13-022-0071