NOT LISTED FOR SALE

15 Tropical Dr Boynton Beach, FL 33435

Estimated Value: $1,126,000 - $1,290,000

3 Beds
4 Baths
1,625 Sq Ft
$734/Sq Ft Est. Value

Last Sold December 27, 2023

Last sale price $1,150,000 $708 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,820/month

66 Days on Market

Highlights

  • Room in yard for a pool
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Garden View
  • Terrazzo Flooring
  • No Heating

About This Home

As of December 2023

Very sort after quadplex with huge income potential. Located 1/2 block west of the beach this property is in the prime Ocean Ridge community. Lots of potential for high income. 2 Tenants on Month to month leases. New Roof. Room for a pool.

Last Agent to Sell the Property

Jeffrey Davidowitz

Kroll Realty License #3351108 Listed on: 08/23/2023

Last Buyer's Agent

Jeffrey Davidowitz

Kroll Realty License #3351108 Listed on: 08/23/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,975

Year Built

  • Built in 1950

Lot Details

  • 5,968

Home Design

  • Composition Roof

Interior Spaces

  • 1,625 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Hung Metal Windows
  • Terrazzo Flooring
  • Garden Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Septic Tank
  • Cable TV Available

Additional Features

  • Room in yard for a pool
  • Flood Zone Lot

Listing and Financial Details

  • Assessor Parcel Number 46434534050010251

Community Details

Overview

  • 4 Units
  • Palm Beach Shore Acres Bl Subdivision

Building Details

  • Operating Expense $19,663
  • Net Operating Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,975

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Please use GPS.
  • Year Built: 1950
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Terrazzo
  • Living Area: 1625.0
  • Window Features: Double Hung, Metal

Exterior Features

  • Exterior Features: Room For Pool
  • View: Garden
  • Lot Features: Flood Zone, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 46434534050010251
  • Lot Size: < 1/4 Acre,East of US-1,
  • Zoning Description: RMM- Med
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 49800.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 19663.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12975.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Dec 27, 2023
Sold by
Amelia C Losito Revocable Trust
Bought by
Berisaj Jozef
Seller's Agent
Jeffrey Davidowitz
Kroll Realty
Buyer's Agent
Jeffrey Davidowitz
Kroll Realty
List Price
$1,550,000
Sold Price
$1,150,000
Premium/Discount to List
-$400,000
-25.81%
Views
50
Current Estimated Value
$1,193,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,003
Avg. Annual Appreciation
2.14%
Original Mortgage
$862,500
Outstanding Balance
$848,351
Interest Rate
7.29%
Mortgage Type
Construction
Estimated Equity
$344,652

Purchase Details

Closed on
May 17, 2007
Sold by
Losito Amelia and Losito Anthony E
Bought by
Losito Anthony E and Losito Amelia C
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
Berisaj Jozef $1,150,000 Clear2close Title & Escrow
Berisaj Jozef $1,150,000 Clear2close Title & Escrow
Losito Anthony E -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berisaj Jozef $862,500
Closed Berisaj Jozef $862,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2023 12/27/23 Sold $1,150,000 -11.5% $708 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
10/12/2023 10/12/23 Price Changed $1,299,999 -7.1% $800 / Sq Ft
09/19/2023 09/19/23 Price Changed $1,399,999 -9.7% $862 / Sq Ft
08/28/2023 08/28/23 For Sale $1,550,000 -- $954 / 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 $18,226 $976,929 -- --
2023 $14,925 $666,093 $906,084 $113,561
2022 $13,375 $605,539 $0 $0
2021 $12,093 $699,401 $585,587 $113,814
2020 $10,337 $533,655 $432,000 $101,655
2019 $9,826 $511,522 $408,000 $103,522
2018 $8,796 $490,219 $415,432 $74,787
2017 $8,016 $430,632 $346,193 $84,439
2016 $4,193 $341,811 $0 $0
2015 $7,046 $310,737 $0 $0
2014 $6,245 $282,488 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jeffrey Davidowitz

    Kroll Realty

    (561) 656-2929

    1 in this area

    14 Total Sales

    Jeffrey Davidowitz
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Map

Source: BeachesMLS

MLS Number: R10914048

BeachesMLS

APN: 46-43-45-34-05-001-0251

Florida Palm Beach County Boynton Beach 33435

15 Tropical Dr, Boynton Beach, FL

This home is located at 15 Tropical Dr, Boynton Beach, FL 33435 since 23 August 2023 and is currently estimated at $1,193,003, approximately $734 per square foot. This property was built in 1950. 15 Tropical Dr is a home located in Palm Beach County with nearby schools including Forest Park Elementary School, Boynton Beach Community High School, and Congress 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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