NOT LISTED FOR SALE

1500 4th Ave S Unit 1,2,3,4,5 Lake Worth, FL 33460

Royal Poinciana Neighborhood

Estimated Value: $131,000 - $161,000

1 Bed
1 Bath
3,086 Sq Ft
$46/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $257,500 $83 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $931/month

21 Days on Market

Highlights

  • Water Views
  • Corner Lot
  • Ceramic Tile Flooring
  • Newly Remodeled
  • Patio
  • 3-minute walk to Harold Grimes Memorial Park

About This Home

As of November 2014

Capture Great Downtown Rents! With this Immaculate 5 unit condo building, selling as an apartment complex, single owner, One 2 bedroom/2 bath and Four 1bedroom/1 bath units, each unit has full kitchen (some with D/W) and each unit has a Central A/C, laundry/storage room, 6 separate electric meters, 1 water meter, Big Parking Lot, new roof, beautiful white tile bathrooms and more

Last Agent to Sell the Property

Jon Faust

Coastline Realty, Inc. License #590401 Listed on: 09/30/2014

Last Buyer's Agent

Cindy Speering

Coastline Realty, Inc. License #3123019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,494

Year Built

  • Built in 1976 | Newly Remodeled

Lot Details

  • 10,106

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,086 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Water Views

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Additional Features

  • Patio
  • Corner Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $46,800
  • Rent includes electricity
  • Assessor Parcel Number 38434428450000010

Community Details

Overview

  • Association fees include common areas
  • 4 Units
  • Rita Apts Cond As In Decl Subdivision

Building Details

  • Operating Expense $4,493
  • Net Operating Income $38,707

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,494

Year Built

Built in 1976 | Newly Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Lake Ave to C St, South to 4th Ave, NW corner
  • Year Built: 1976
  • Unit Levels: One
  • New Construction: Yes
  • Building Stories: 1
  • Year Built Details: New Construction
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl
  • Living Area: 3086.0

Exterior Features

  • Exterior Features: Patio
  • View: Other, Water
  • Lot Features: Corner Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Electricity
  • Senior Community: No
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas

Lot Info

  • Parcel #: 38434428450000010
  • Zoning Description: multi fa
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 38707.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 4493.0
  • Total Actual Rent: 46800.0

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 4494.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2014
Closed on
Nov 19, 2014
Sold by
Virgilio Angelo and Virgilio Linda
Bought by
Durbin Properties 2 Llc
Seller's Agent
Jon Faust
Coastline Realty, Inc.
Buyer's Agent
Cindy Speering
Coastline Realty, Inc.
List Price
$255,000
Sold Price
$257,500
Premium/Discount to List
$2,500
0.98%
Current Estimated Value
$138,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,568
Avg. Annual Appreciation
-5.86%
Source: Public Records

Range of Values:

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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
Durbin Properties 2 Llc $257,500 First American Title Ins Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2014 11/21/14 Sold $257,500 +1.0% $83 / Sq Ft
10/22/2014 10/22/14 Pending -- -- --
09/30/2014 09/30/14 For Sale $255,000 -- $83 / 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 $1,959 $56,591 -- --
2023 $1,738 $51,446 $0 $0
2022 $1,590 $46,769 $0 $0
2021 $1,493 $54,000 $0 $54,000
2020 $1,395 $48,000 $0 $48,000
2019 $1,301 $43,000 $0 $43,000
2018 $1,190 $38,000 $0 $38,000
2017 $1,119 $33,000 $0 $0
2016 $1,034 $26,400 $0 $0
2015 $982 $24,000 $0 $0
2014 $919 $21,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10076662

BeachesMLS

APN: 38-43-44-28-45-000-0010