NOT LISTED FOR SALE

157 W 16th St Riviera Beach, FL 33404

Inlet Shores Neighborhood

Estimated Value: $258,000 - $335,000

2 Beds
2 Baths
1,324 Sq Ft
$223/Sq Ft Est. Value

Last Sold July 21, 2015

Last sale price $45,000 $34 Per Sq Ft

Est. 556% increase in value since last sale

Current estimated payment $1,793/month

459 Days on Market

Highlights

  • Water Views
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • William T. Dwyer High School Rated A-

About This Home

As of July 2015

FRONT UNIT OCCUPIED; REAR UNIT VACANT; GREAT INCOME PROPERTY

Last Agent to Sell the Property

Alex Bess

Dalton Wade Inc License #657324 Listed on: 03/18/2014

Dalton Wade Inc

Last Buyer's Agent

Alex Bess

Dalton Wade Inc License #657324 Listed on: 03/18/2014

Dalton Wade Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $818

Year Built

  • Built in 1952

Lot Details

  • 6,447

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,324 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows
  • Ceramic Tile Flooring
  • Water Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $818
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 56434233040020080

Community Details

Overview

  • 2 Units
  • Inlet Grove Subdivision

Building Details

  • Operating Expense $818
  • Net Operating Income $818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$818

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: U S 1 TO W on 16th St west
  • Year Built: 1952
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1324.0
  • Window Features: Metal, Single Hung

Exterior Features

  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No

Lot Info

  • Parcel #: 56434233040020080
  • Zoning Description: RES

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 818.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 818.0
  • Total Actual Rent: 818.0

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 818.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2024
Sold by
Capital C Inc
Bought by
Palm Beach Investments Group Llc
Current Estimated Value
$295,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,380
Interest Rate
7.1%
Mortgage Type
Construction

Purchase Details

Closed on
May 13, 2014
Sold by
Richards Mary K
Bought by
Capital C Inc

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
12%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 15, 2011
Sold by
Smith Mavis and Smith Mavis E
Bought by
Smith Mavis E

Purchase Details

Closed on
Mar 28, 1994
Sold by
Marcelli Joseph A and Marcelli Mary Rose
Bought by
Smith Willie and Smith Mavis
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
Palm Beach Investments Group Llc $265,000 Title Now
Palm Beach Investments Group Llc $265,000 Title Now
Capital C Inc $53,900 Independent Title Of Fort La
Richards Mary K $45,000 Independent Title Of Fort La
Smith Mavis E -- Attorney
Smith Willie $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Palm Beach Investments Group Llc $216,380
Previous Owner Capital C Inc $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2015 07/21/15 Sold $45,000 -29.6% $34 / Sq Ft
06/21/2015 06/21/15 Pending -- -- --
03/18/2014 03/18/14 For Sale $63,900 -- $48 / 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 $2,925 $106,706 -- --
2023 $2,721 $97,005 $0 $0
2022 $2,455 $88,186 $0 $0
2021 $2,207 $119,223 $20,800 $98,423
2020 $2,102 $117,485 $19,840 $97,645
2019 $1,981 $110,503 $18,240 $92,263
2018 $1,607 $76,883 $15,003 $61,880
2017 $1,501 $70,312 $12,002 $58,310
2016 $1,345 $49,778 $0 $0
2015 $1,234 $45,253 $0 $0
2014 $955 $29,123 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Bess

    Seller's Agent in 2015

    Alex Bess

    Dalton Wade Inc

    (561) 512-7300

    4 Total Sales

    Alex Bess
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Map

Source: BeachesMLS

MLS Number: R10025627

BeachesMLS

APN: 56-43-42-33-04-002-0080

Florida Palm Beach County Riviera Beach 33404 Inlet Shores

157 W 16th St, Riviera Beach, FL

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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