$568,000
SOLD SEP 13, 2019

1501 N Federal Hwy Lake Worth, FL 33460

Eden Place Neighborhood
-- Bed
-- Bath
3,524 Sq Ft
4,750 Sq Ft Lot

Recently Sold

$161 Per Sq Ft

5% Below List Price

152 Days on Market

Highlights

  • Water Views
  • Ceramic Tile Flooring
  • No Heating
  • Cooling System Mounted To A Wall/Window
  • Awning

About This Home

As of September 2019

Brand New Roof! Great income producing property. 4 units, each unit has 2 bedrooms 1 bathroom. Lots of updates through out. Fantastic east location close to beaches, downtown Lake Worth, West Palm and I-95. All 4 units are currently rented at market rates.

Last Agent to Sell the Property

Jason Moan

Choice Realty of SF LLC License #3223399 Listed on: 03/14/2019

Last Buyer's Agent

Richard Williams

Florida Capital Realty License #3315487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,319

Year Built

  • Built in 1957

Lot Details

  • 4,750 Sq Ft Lot

Property Views

  • Water
  • Garden

Home Design

  • Composition Roof

Interior Spaces

  • 3,524 Sq Ft Home
  • 2-Story Property
  • Awning
  • Sliding Windows

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • The lake is a source of water for the property

Listing and Financial Details

  • Assessor Parcel Number 38434415160150160

Community Details

Overview

  • 4 Units
  • North Lake Worth Subdivision

Building Details

  • Operating Expense $14,309
  • Net Operating Income $46,291

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,319

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: 10th ave to federal north to building
  • Year Built: 1957
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 3524.0
  • Window Features: Sliding

Exterior Features

  • Exterior Features: Awning(s)
  • View: Garden, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Lake, Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434415160150160
  • Lot Size Sq Ft: 4750.0
  • Zoning Description: PO/MF-
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 46291.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 14309.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6319.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2019
Closed on
Sep 13, 2019
Sold by
1501 N Federal Highway Llc
Bought by
Ramos Elvin
Seller's Agent
Jason Moan
Choice Realty of SF LLC
Buyer's Agent
Richard Williams
Florida Capital Realty
List Price
$600,000
Sold Price
$568,000
Premium/Discount to List
-$32,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.77%
Original Mortgage
$557,712
Outstanding Balance
$490,643
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$304,753

Purchase Details

Listed on
Dec 21, 2015
Closed on
Mar 15, 2016
Sold by
Meyers Jeri Ann
Bought by
1501 N Federal Highway Llc
Seller's Agent
Keith Korpi
Coastal Classic Realty
Buyer's Agent
Matthias Fretz
Douglas Elliman (Jupiter)
List Price
$349,000
Sold Price
$323,550
Premium/Discount to List
-$25,450
-7.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.44%

Purchase Details

Closed on
Dec 21, 2010
Sold by
Meyers Jeri Ann
Bought by
Meyers Jeri Ann and Jeri Ann Meyers Declaration Of Trust

Purchase Details

Closed on
Oct 6, 2003
Sold by
Meyers Michael D and Meyers Mark F
Bought by
Meyers Jeri Ann

Purchase Details

Closed on
Oct 5, 2001
Sold by
Trabelssi Abdelkader
Bought by
Meyers Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 1998
Sold by
Morell Brian M and Morell Wendy
Bought by
Trabelssi Abdelkader

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,450
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 1995
Sold by
Rogers Warren Thomas
Bought by
Morell Brian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.35%
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 $568,000 Attorney
Warranty Deed $323,550 First American Title Insuran
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- --
Warranty Deed $187,000 Standard Title Insurance Age
Warranty Deed $131,000 --
Warranty Deed $122,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $74,458 FHA
Open $557,712 FHA
Previous Owner $149,600 Purchase Money Mortgage
Previous Owner $124,450 New Conventional
Previous Owner $70,000 Purchase Money Mortgage
Closed $10,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Price Changed $1,000,000 -4.8% $1,002 / Sq Ft
08/01/2025 08/01/25 For Sale $1,050,000 +84.9% $1,052 / Sq Ft
09/13/2019 09/13/19 Sold $568,000 -5.3% $161 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $600,000 +85.4% $170 / Sq Ft
03/15/2016 03/15/16 Sold $323,550 -7.3% $92 / Sq Ft
02/14/2016 02/14/16 Pending -- -- --
12/21/2015 12/21/15 For Sale $349,000 -- $99 / 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 $10,186 $320,903 -- --
2023 $8,736 $291,730 $0 $0
2022 $7,767 $265,209 $0 $0
2021 $7,368 $248,444 $42,750 $205,694
2020 $6,838 $219,181 $42,750 $176,431
2019 $6,776 $216,094 $39,663 $176,431
2018 $6,319 $201,718 $38,523 $163,195
2017 $6,367 $202,540 $36,670 $165,870
2016 $6,268 $200,783 $0 $0
2015 $6,351 $199,120 $0 $0
2014 $5,794 $183,444 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Elvin Ramos

    LoKation

    (917) 577-5315

    12 Total Sales

    Elvin Ramos
    Section Image
  • Jason Moan

    Seller's Agent in 2019

    Jason Moan

    Choice Realty of SF LLC

    (561) 306-2606

    34 Total Sales

    Jason Moan
    Section Image

  • R

    Buyer's Agent in 2019

    Richard Williams

    Florida Capital Realty

  • Keith Korpi

    Seller's Agent in 2016

    Keith Korpi

    Coastal Classic Realty

    (561) 523-2624

    4 in this area

    115 Total Sales

    Keith Korpi
    Section Image
  • Matthias Fretz

    Buyer's Agent in 2016

    Matthias Fretz

    Douglas Elliman (Jupiter)

    (561) 315-9386

    1 in this area

    216 Total Sales

    Matthias Fretz
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10512760

BeachesMLS

APN: 38-43-44-15-16-015-0160

Florida Palm Beach County Lake Worth 33460 Eden Place

1501 N Federal Hwy, Lake Worth, FL

This home is located at 1501 N Federal Hwy, Lake Worth, FL 33460 and is currently priced at $568,000, approximately $161 per square foot. This property was built in 1957. 1501 N Federal Hwy is a home located in Palm Beach County with nearby schools including Lake Worth High School, North Grade Elementary School, and Lake Worth 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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