NOT LISTED FOR SALE

1583 Meridian Rd West Palm Beach, FL 33417

Estimated Value: $437,972 - $590,000

-- Bed
2 Baths
1,904 Sq Ft
$259/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $430,000 $226 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,159/month

63 Days on Market

Highlights

  • Fruit Trees
  • Tile Flooring
  • Ceiling Fan
  • Shed
  • Central Heating and Cooling System
  • Fenced

About This Home

As of December 2022

Fantastic duplex ownership / Investment opportunity conveniently located in West Palm Beach between i95 and the Florida turnpike, zoned for A rated Wynnebrook Elementary school ! Concrete block , 4 bedroom 2 bathrooms , 2/1 Each unit. NEW roof installed (2020) / NEW Septic drain field (2022) / NEW Unit 1 water heater (2020) / NEW unit 2 water heater (2022) Exterior has been freshly painted. Both units are rented under market value to consistent , problem free tenants ( Month to Month ). $1400 unit 1 / $1400 unit 2 . Each has their own laundry room. .Extra large lot 9588 Sq ft. ( 10 ft by 8 ft) metal shed will be conveyed with the sale of the property. Beautifully decorated with Coconut , Mango and Soursop fruit trees. Don't miss out on this great investment opportunity !!

Last Agent to Sell the Property

Joni Lue Yat

RE/MAX Prestige Realty License #3225518 Listed on: 10/12/2022

RE/MAX Prestige Realty

Co-Listed By

Levi Charelus

RE/MAX Prestige Realty/Wellington License #3501085

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,974

Year Built

  • Built in 1980

Lot Details

  • 9,586 Sq Ft Lot
  • Fenced
  • Fruit Trees

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,904 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Outdoor Features

  • Shed

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00424326040240021

Community Details

Overview

  • 2 Units
  • Plantation Village Unrec Subdivision

Building Details

  • Operating Expense $8,315
  • Net Operating Income $25,285

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,974

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Okeechobee Blvd to Meridian Rd south to property
  • Year Built: 1980
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1904.0

Exterior Features

  • Exterior Features: Fence, Fruit Trees, Shed
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 00424326040240021
  • Lot Size Sq Ft: 9586.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 25285.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 8315.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4974.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Dec 12, 2022
Sold by
Charelus Obed Jolner
Bought by
Domond Tyna
Seller's Agent
Joni Lue Yat
RE/MAX Prestige Realty
List Price
$430,000
Sold Price
$430,000
Total Days on Market
63
Views
21
Current Estimated Value
$493,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,993
Avg. Annual Appreciation
5.73%
Original Mortgage
$322,500
Outstanding Balance
$313,434
Interest Rate
6.33%
Estimated Equity
$180,559

Purchase Details

Closed on
Aug 16, 2022
Sold by
Paul Desrosiers
Bought by
Charelus Obed Jolner and Charelus Levi

Purchase Details

Closed on
Jun 3, 2019
Sold by
Pierre Marie and Desrosiers Paul
Bought by
Pierre Marie and Desrosiers Paul

Purchase Details

Closed on
Aug 30, 2002
Sold by
Charelus Jean Jolner
Bought by
Charelus Violette D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,104
Interest Rate
6.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 14, 1998
Sold by
Jean Yvrose and Raymond Henri
Bought by
Charelus Jean J and Charelus Violette D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,450
Interest Rate
6.8%
Mortgage Type
New Conventional
Source: Public Records

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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
Domond Tyna $430,000 --
Charelus Obed Jolner -- --
Pierre Marie -- Attorney
Charelus Violette D $30,000 --
Charelus Jean J $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Domond Tyna $322,500
Previous Owner Charelus Violette $42,000
Previous Owner Charelus Violette $50,000
Previous Owner Charelus Jean J $66,104
Previous Owner Charelus Jean $25,000
Previous Owner Charelus Jean J $67,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $430,000 0.0% $226 / Sq Ft
10/12/2022 10/12/22 For Sale $430,000 -- $226 / 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 $6,438 $343,143 -- --
2023 $6,104 $321,975 $70,290 $251,685
2022 $5,464 $267,821 $0 $0
2021 $4,974 $243,474 $55,380 $188,094
2020 $4,612 $221,481 $66,456 $155,025
2019 $3,532 $196,207 $38,766 $157,441
2018 $3,037 $167,413 $30,850 $136,563
2017 $2,710 $141,781 $32,474 $109,307
2016 $2,525 $98,786 $0 $0
2015 $2,371 $89,805 $0 $0
2014 $2,208 $81,641 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joni Lue Yat

    Seller's Agent in 2022

    Joni Lue Yat

    RE/MAX

    (305) 308-9295

    71 Total Sales

    Joni Lue Yat
    Section Image

  • L

    Seller Co-Listing Agent in 2022

    Levi Charelus

    RE/MAX

    (561) 488-7653

    19 Total Sales

    Levi Charelus
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10838170

BeachesMLS

APN: 00-42-43-26-04-024-0021

Florida Palm Beach County West Palm Beach 33417

1583 Meridian Rd, West Palm Beach, FL

This home is located at 1583 Meridian Rd, West Palm Beach, FL 33417 since 12 October 2022 and is currently estimated at $493,993, approximately $259 per square foot. This property was built in 1980. 1583 Meridian Rd is a home located in Palm Beach County with nearby schools including Wynnebrook Elementary School, Jeaga Middle School, and Royal Palm Beach High 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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