NOT LISTED FOR SALE

Estimated Value: $711,000 - $1,348,571

12 Beds
6 Baths
4,200 Sq Ft
$276/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $650,000 $155 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $8,046/month

157 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Heating System Mounted To A Wall or Window
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • 1-Story Property

About This Home

As of July 2019

9-Unit Multifamily Property, consisting of 1415 North J Street & 1407 N J Street (also ML# A10596828 ).
9 individual units consisting of (6) 2 bed/1 bath units + (3) 1 bed/1 bath units + 6 storage rooms. Total Bedroom count - 15. Total Bath count - 9. Total Storage Rooms - 6.

Buildings are well maintained and are in great condition. Features: CBS construction, brand new roof, recently renovated tiled units, private backyards. Long term tenants. Located in a highly desirable section of Lake Worth, close to Public transportation and shopping. 100% Occupied. Property is ready to be sold with or without tenants. Take advantage of this high income producing property. Fantastic economies of scale with this 9-unit, single investment. Perfect for investors!

Last Agent to Sell the Property

Geoffrey Mullen

MMLS Assoc.-Inactive Member License #3133762 Listed on: 01/11/2019

Last Buyer's Agent

Susan Kushlin

LPT Realty, LLC License #3323580

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,347

Year Built

  • Built in 1966

Lot Details

  • 10,019

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,200 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $115,488
  • Assessor Parcel Number 38434415160470130

Community Details

Overview

  • No Home Owners Association
  • North Lake Worth Condos
  • North Lake Worth Subdivision

Building Details

  • Operating Expense $22,530
  • Net Operating Income $92,958

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,347

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1966
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Directions: Take 10th Ave north to Dixie, make a left, make a right on 14th Ave, left to J Street. Property will be on the left.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: NORTH LAKE WORTH
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 4200
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: NORTH LAKE WORTH
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 38434415160470130
  • Zoning: SF-TF-14
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Multi Family

  • Net Operating Income: 92958
  • Number Of Units In Community: 1
  • Number Of Units Total: 6
  • Annual Operating Expense: 22530
  • Total Actual Rent: 115488

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 12347

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2024
Sold by
J Street Housing Llc
Bought by
J Street Residences Llc
Current Estimated Value
$1,158,143

Purchase Details

Closed on
Oct 31, 2022
Sold by
Mcm Land Management Llc
Bought by
J Street Housing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2019
Closed on
Jul 1, 2019
Sold by
Hermosa House Llc
Bought by
Mcm Land Management Llc and Mhs Utopia Property Llc
Seller's Agent
Geoffrey Mullen
MMLS Assoc.-Inactive Member
Buyer's Agent
Susan Kushlin
LPT Realty, LLC
List Price
$1,095,000
Sold Price
$650,000
Premium/Discount to List
-$445,000
-40.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%

Purchase Details

Closed on
Mar 30, 2012
Sold by
New Wave Properties Llc
Bought by
Hermosa House Llc

Purchase Details

Closed on
Nov 30, 2009
Sold by
Td Bank Na
Bought by
New Wave Properties Llc

Purchase Details

Closed on
Jun 10, 2009
Sold by
Broadway A Z Llc
Bought by
Td Bank Na

Purchase Details

Closed on
Apr 14, 2005
Sold by
Garcia Jorge
Bought by
Broadway A-Z Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,750
Interest Rate
5.79%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 22, 2000
Sold by
Bercowsky Norma and Guifarro Rossel Guifarro
Bought by
Garcia Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,750
Interest Rate
7.87%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 10, 1999
Sold by
Bercowsky Norma
Bought by
Bercowsky Norma

Purchase Details

Closed on
Dec 22, 1997
Sold by
Kondratuk Pedro and Kondratuk Lidia
Bought by
Bercowsky Norma

Purchase Details

Closed on
May 28, 1993
Sold by
1St Union Natl Bk Fl
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
$103,600
Interest Rate
7.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
J Street Residences Llc $1,350,000 None Listed On Document
J Street Housing Llc $1,100,000 --
Mcm Land Management Llc $650,000 Horizon Title Services Inc
Hermosa House Llc $333,000 Attorney
New Wave Properties Llc $169,000 Attorney
Td Bank Na $336,286 Attorney
Broadway A-Z Llc $465,000 Standard Title Insurance Age
Garcia Jorge $177,000 --
Bercowsky Norma $100 --
Bercowsky Norma $155,000 --
Kondratuk Pedro $148,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner J Street Housing Llc $648,000
Previous Owner New Wave Properties Llc $100,000
Previous Owner Broadway A-Z Llc $348,750
Previous Owner Bercowsky Norma $132,750
Previous Owner Kondratuk Pedro $103,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2019 07/01/19 Sold $650,000 -49.8% $155 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
01/22/2019 01/22/19 Price Changed $1,295,000 +18.3% $308 / Sq Ft
01/11/2019 01/11/19 For Sale $1,095,000 0.0% $261 / Sq Ft
12/30/2017 12/30/17 Rented $1,100 -2.2% --
12/12/2017 12/12/17 Under Contract -- -- --
12/07/2017 12/07/17 Price Changed $1,125 -2.2% $1 / Sq Ft
12/01/2017 12/01/17 For Rent $1,150 -- --
Source: MIAMI REALTORS® 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 $20,828 $806,635 -- --
2023 $21,553 $849,139 $221,750 $627,389
2022 $15,759 $534,784 $0 $0
2021 $13,888 $486,167 $126,250 $359,917
2020 $16,956 $613,127 $265,200 $347,927
2019 $10,105 $483,947 $171,600 $312,347
2018 $8,821 $389,837 $158,363 $231,474
2017 $8,094 $320,483 $150,822 $169,661
2016 $7,884 $189,091 $0 $0
2015 $6,980 $171,901 $0 $0
2014 $6,669 $156,274 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10596768

MIAMI REALTORS® MLS

APN: 38-43-44-15-16-047-0130