NOT LISTED FOR SALE

1412 Okeechobee Rd West Palm Beach, FL 33401

Pineapple Park Neighborhood

Estimated Value: $785,000 - $927,726

12 Beds
5 Baths
3,359 Sq Ft
$253/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $520,000 $155 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,783/month

245 Days on Market

Highlights

  • Patio
  • Central Heating and Cooling System
  • Ceiling Fan
  • Ceramic Tile Flooring

About This Home

As of October 2018

100% Fully Occupied and the Tenants would love to stay long term! Buy it and Start Making Money Right Away. Just Painted, Updated Kitchens, Tile and Laminate Flooring and Central AC. There are 2 Separate Buildings 4 Units 12 Bedrooms 5 Bathrooms Washer & Dryer and Laundry Area for each Building. Property is zoned General Commercial and being centrally located just minutes from City Place jobs and shopping, Walking Distance to Tri-Rail, PalmTran Buses and Palm Beach Airport and more makes this property's location extreamly desirable.

Last Agent to Sell the Property

Austin Frankoski

KW Innovations License #3329382 Listed on: 01/23/2018

KW Innovations

Last Buyer's Agent

Austin Frankoski

KW Innovations License #3329382 Listed on: 01/23/2018

KW Innovations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,049

Year Built

  • Built in 1920

Lot Details

  • 6,425

Home Design

  • Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 3,359 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Laminate
  • Ceramic Tile

Additional Features

  • Patio
  • 6,425 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434328120020021

Community Details

Overview

  • 4 Units
  • Grovedale Park Plan Subdivision

Building Details

  • Operating Expense $15,000
  • Net Operating Income $51,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,049

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: I-95 EXIT BELVEDERE RD GO WEST TO MERCER TURN NORTH TO OLD OCKEECHOBEE 2nd PROPERTY ON THE LEFT.
  • Year Built: 1920
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Laminate
  • Living Area: 3359.0

Exterior Features

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

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434328120020021
  • Lot Size: 47.0 ft x 150.0 ft
  • Lot Size Sq Ft: 6425.0
  • Zoning Description: GC(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 51000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 15000.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 8049.0

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
Total Days on Market
245
Current Estimated Value
$848,575

Purchase Details

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

Purchase Details

Listed on
Jan 23, 2018
Closed on
Oct 26, 2018
Sold by
Cirio Investments Llc
Bought by
Le Kim L
Seller's Agent
Austin Frankoski
KW Innovations
Buyer's Agent
Austin Frankoski
KW Innovations
List Price
$575,000
Sold Price
$520,000
Premium/Discount to List
-$55,000
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Closed on
Feb 20, 2015
Sold by
Rosa Herminio
Bought by
Cirio Investments Llc

Home Financials for this Owner

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

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 Buyer Sale Price Title Company
Warehouse District Stays Llc $600,000 Southeast Title Agency
1412 Okeechobee Rd Llc -- None Available
Le Kim L $520,000 Attorney
Cirio Investments Llc $400,000 Florida Land Title
Rosa Herminio $60,000 --
Rivera William $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cirio Investment Llc $189,790
Previous Owner Cirio Investments Llc $240,000
Previous Owner Rosa Herminio $480,000
Previous Owner Rosa Herminio $200,000
Previous Owner Rosa Herminio $69,400
Previous Owner Rosa Herminio $48,060
Previous Owner Rosa Herminio $26,363
Previous Owner Rosa Herminio $58,119
Previous Owner Rivera William $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $520,000 -9.6% $155 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $575,000 -- $171 / 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

  • A

    Seller's Agent in 2018

    Austin Frankoski

    KW Innovations

    (561) 572-1536

    100 Total Sales

    Austin Frankoski
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Map

Source: BeachesMLS

MLS Number: R10399194

BeachesMLS

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

Florida Palm Beach County West Palm Beach 33401 Pineapple Park

1412 Okeechobee Rd, West Palm Beach, FL

This home is located at 1412 Okeechobee Rd, West Palm Beach, FL 33401 since 23 January 2018 and is currently estimated at $848,575, approximately $252 per square foot. This property was built in 1920. 1412 Okeechobee Rd is a home located in Palm Beach County with nearby schools including Roosevelt Elementary School, Conniston Middle School, and Forest Hill Community High 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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