$1,120,000
SOLD JUN 17, 2022
-- Bed
-- Bath
6,216 Sq Ft
0.35 Acres

Recently Sold

$180 Per Sq Ft

15% Below List Price

38 Days on Market

Highlights

  • 15,316 Sq Ft lot
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Goodmark Park
  • Garden View
  • Tile Flooring

About This Home

As of June 2022

AC Evans 8 unit apartment complex is centrally located in Riviera Beach development area. The city of Riviera Beach infusing mega capital in large infrastructure projects such as roads, sidewalks, lawn extensions, public transportation routes and much more creating upside to the area. Demand is high in residential rentals making Riviera Beach a desired location; moreover, AC Evans is close to all amenities and attractions. AC Evans is a courtyard/garden style complex with 2 CBS buildings. All units are individually metered for water, sewer and electric. All units are renovated except for 1 which has a long term tenant. All units have tile flooring and the site is 11 miles from PBI Internation Airport.

Last Agent to Sell the Property

Melvin Robinson

Landmark Investments & Real Estate License #3023330 Listed on: 04/09/2022

Last Buyer's Agent

Melvin Robinson

Landmark Investments & Real Estate License #3023330 Listed on: 04/09/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,424

Year Built

  • Built in 1969

Lot Details

  • 0.35 Acre Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 6,216 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Garden Views

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 564342290030010

Community Details

Overview

  • 4 Units
  • Acrehome Park First Add Subdivision

Building Details

  • Operating Expense $40,196
  • Net Operating Income $62,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,424

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: North Lake Blvd, Sount on Congress Ave, East on Silver Beach Rd, South on Ave S, Property is on the corner of Avenue S and AC Evans.
  • Year Built: 1969
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 6216.0

Exterior Features

  • View: Garden
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 564342290030010
  • Lot Size Sq Ft: 15316.0
  • Zoning Description: RS-8
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 62463.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 40196.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 13424.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2022
Closed on
Jun 13, 2022
Sold by
Isla Holdings Llc
Bought by
1601 Ac Evans Llc
Seller's Agent
Melvin Robinson
Landmark Investments & Real Estate
Buyer's Agent
Melvin Robinson
Landmark Investments & Real Estate
List Price
$1,325,000
Sold Price
$1,120,000
Premium/Discount to List
-$205,000
-15.47%
Current Estimated Value
$1,033,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,996
Avg. Annual Appreciation
-3.64%
Original Mortgage
$840,000
Outstanding Balance
$655,906
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$339,543

Purchase Details

Closed on
Jul 31, 2019
Sold by
1601 Riviera Llc
Bought by
Isla Iioldings Llc

Purchase Details

Closed on
May 22, 2018
Sold by
Td Bank Na
Bought by
1601 Riviera Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 9, 2018
Sold by
Financial Resources Of Amrica Inc
Bought by
T D Bank N A Successor By Merger To Com

Purchase Details

Closed on
Aug 7, 2003
Sold by
Gentry Daniel
Bought by
Financial Resources Of America Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.24%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 6, 2001
Sold by
Smith Iva
Bought by
Gentry Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.74%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $1,120,000 Trident Title
Warranty Deed $802,372 Attorney
Special Warranty Deed $430,000 Gullett Title Inc
Deed $300,300 None Available
Warranty Deed $360,000 --
Warranty Deed $240,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $840,000 New Conventional
Previous Owner $405,000 Future Advance Clause Open End Mortgage
Previous Owner $475,000 Future Advance Clause Open End Mortgage
Previous Owner $344,000 Future Advance Clause Open End Mortgage
Previous Owner $52,000 Unknown
Previous Owner $270,000 Balloon
Previous Owner $165,000 No Value Available
Closed $74,500 No Value Available
Closed $20,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2022 10/15/22 Rented $1,450 -9.4% --
08/26/2022 08/26/22 For Rent $1,600 0.0% --
06/17/2022 06/17/22 Sold $1,120,000 -15.5% $180 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
04/09/2022 04/09/22 For Sale $1,325,000 -- $213 / 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 $23,747 $1,110,729 -- --
2023 $22,739 $1,056,043 $94,400 $961,643
2022 $15,903 $644,425 $0 $0
2021 $14,192 $682,499 $46,080 $636,419
2020 $12,450 $532,583 $37,440 $495,143
2019 $8,075 $329,001 $31,680 $297,321
2018 $5,670 $294,255 $28,448 $265,807
2017 $5,146 $245,406 $21,883 $223,523
2016 $4,577 $162,208 $0 $0
2015 $4,305 $147,462 $0 $0
2014 $4,253 $134,056 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10790614

BeachesMLS

APN: 56-43-42-29-02-003-0010