$400,000
SOLD FEB 20, 2015
-- Bed
-- Bath
2,687 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

14% Above List Price

215 Days on Market

Highlights

  • Water Views
  • Corner Lot
  • Open Patio
  • Wood Flooring
  • Balcony
  • Central Heating and Cooling System

About This Home

As of February 2015

This is a beautiful Quadruple, completely remodel in the inside, all units are rented. this complex is just walking distance from Down town City Place and very close to the new Palm Beach Outlets Tenants love this area

Last Agent to Sell the Property

Jacqueline Estevez

Partnership Realty Inc. License #3282513 Listed on: 06/19/2014

Partnership Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,964

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot

Home Design

  • Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 2,687 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Single Hung Metal Windows
  • Blinds
  • Water Views

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $43,200
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 74434328120020021

Community Details

Overview

  • 4 Units
  • Grovedale Park Plan 1 Subdivision

Building Details

  • Operating Expense $4,204
  • Net Operating Income $38,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,964

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: I95 EXIT BELVEDERE RD GO WEST TO MERCER TURN NORTH TO OLD OCKEECHOBEE
  • Year Built: 1920
  • Unit Levels: Two
  • Building Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Living Area: 2687.0
  • Window Features: Blinds, Metal, Single Hung

Exterior Features

  • Exterior Features: Balcony
  • View: Other, Water
  • Lot Features: Corner Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Patio And Porch Features: Balcony, Open
  • Roof: Tar/Gravel

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Cable TV
  • Senior Community: No

Lot Info

  • Parcel #: 74434328120020021
  • Lot Size Sq Ft: 6534.0
  • Zoning Description: GENERAL
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 38995.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 4204.0
  • Total Actual Rent: 43200.0

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2964.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2022
Sold by
1412 Okeechobee Rd Llc
Bought by
Warehouse District Stays Llc
Current Estimated Value
$830,490

Purchase Details

Closed on
Jun 3, 2019
Sold by
Le Kim L
Bought by
1412 Okeechobee Rd Llc

Purchase Details

Closed on
Oct 26, 2018
Sold by
Cirio Investments Llc
Bought by
Le Kim L

Purchase Details

Listed on
Jun 19, 2014
Closed on
Feb 20, 2015
Sold by
Rosa Herminio
Bought by
Cirio Investments Llc
Seller's Agent
Jacqueline Estevez
Partnership Realty Inc.
List Price
$350,000
Sold Price
$400,000
Premium/Discount to List
$50,000
14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$240,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2008
Sold by
Rivera William
Bought by
Rosa Herminio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
2.46%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 20, 1995
Sold by
Rivera William
Bought by
Rosa Herminio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,119
Interest Rate
7.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 1993
Sold by
Perez Rafael
Bought by
Rivera William

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
6.95%
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 Type Sale Price Title Company
Warranty Deed $600,000 Southeast Title Agency
Quit Claim Deed -- None Available
Warranty Deed $520,000 Attorney
Warranty Deed $400,000 Florida Land Title
Warranty Deed $60,000 --
Warranty Deed $85,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $189,790 Commercial
Previous Owner $240,000 New Conventional
Previous Owner $480,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $200,000 Fannie Mae Freddie Mac
Previous Owner $69,400 Credit Line Revolving
Previous Owner $48,060 Unknown
Previous Owner $26,363 Credit Line Revolving
Previous Owner $58,119 New Conventional
Previous Owner $55,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2020 01/27/20 For Rent $1,600 0.0% --
01/27/2020 01/27/20 Rented $1,600 0.0% --
02/20/2015 02/20/15 Sold $400,000 +14.3% $149 / Sq Ft
01/21/2015 01/21/15 Pending -- -- --
06/19/2014 06/19/14 For Sale $350,000 -- $130 / 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 $12,235 $557,698 -- --
2023 $17,650 $817,278 $168,588 $648,690
2022 $11,253 $484,460 $0 $0
2021 $10,457 $454,287 $57,825 $396,462
2020 $9,576 $400,380 $57,825 $342,555
2019 $9,781 $405,344 $57,825 $347,519
2018 $8,042 $344,307 $57,825 $286,482
2017 $8,049 $344,307 $57,825 $286,482
2016 $8,209 $344,307 $0 $0
2015 $3,739 $156,391 $0 $0
2014 $3,318 $145,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10050630

BeachesMLS

APN: 74-43-43-28-12-002-0021