NOT LISTED FOR SALE

1601 Magnolia Ln West Palm Beach, FL 33417

Estimated Value: $448,955 - $540,000

4 Beds
2 Baths
1,727 Sq Ft
$292/Sq Ft Est. Value

Last Sold September 19, 2017

Last sale price $225,000 $130 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $3,423/month

25 Days on Market

About This Home

As of September 2017

AS is contract. Perfect turn key property.

Last Agent to Sell the Property

Kyle Cruz

Stateland Brown Holdings License #3259940 Listed on: 08/24/2017

Stateland Brown Holdings

Last Buyer's Agent

Karen Shaub-Gorham

RE/MAX Direct License #662712

RE/MAX Direct

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,825

Year Built

  • Built in 1973

Lot Details

  • 10,454

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,727 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 00424326040070010

Community Details

Overview

  • 2 Units
  • Plantation Vlg Unrec On A Subdivision

Building Details

  • Operating Expense $4,700
  • Net Operating Income $22,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,825

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: OKEECHOBEE TO BREEZY LANE, SOUTH TO WHITEHALL LANE, WEST (1) BLK TO CORNER OF WHITEHALL LANE AND MAGNOLIA LANE.
  • Year Built: 1973
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1727.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00424326040070010
  • Zoning Description: Res

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 22396.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 4700.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2825.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2020
Sold by
Rns Residential Services Llc
Bought by
Bianic Investments Llc
Total Days on Market
25
Current Estimated Value
$504,489

Purchase Details

Listed on
Aug 24, 2017
Closed on
Sep 27, 2017
Sold by
Creative Financing Llc
Bought by
Rns Residential Llc
Seller's Agent
Kyle Cruz
Stateland Brown Holdings
Buyer's Agent
Karen Shaub-Gorham
RE/MAX Direct
List Price
$234,900
Sold Price
$225,000
Premium/Discount to List
-$9,900
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.01%
Interest Rate
3.83%

Purchase Details

Listed on
Sep 1, 2013
Closed on
Mar 28, 2014
Sold by
Velasquez Juan and Viscome Jason
Bought by
Creative Financing Llc
Seller's Agent
brian gleason
The Corcoran Group
Buyer's Agent
brian gleason
The Corcoran Group
List Price
$98,000
Sold Price
$115,000
Premium/Discount to List
$17,000
17.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.34%
Original Mortgage
$105,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2004
Sold by
Ripton Patrick and Ripton Marie
Bought by
Velasquez Juan and Viscome Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
6.24%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 24, 1995
Sold by
Ripton Patrick and Ripton Marie
Bought by
Ripston Patrick and Ripton Marie
Source: Public Records

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Range of Values:

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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
Bianic Investments Llc $295,000 Distinctive Title Svcs Inc
Rns Residential Llc $225,000 --
Creative Financing Llc $115,000 Trident Title Llc
Velasquez Juan $192,000 Flagler Title Company
Ripston Patrick $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rns Residential Llc --
Previous Owner Creative Financing Llc $105,000
Previous Owner Velasquez Juan $203,000
Previous Owner Velasquez Juan $38,400
Previous Owner Velasquez Juan $153,600
Previous Owner Ripton Patrick A $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2017 09/19/17 Sold $225,000 -4.2% $130 / Sq Ft
08/24/2017 08/24/17 For Sale $234,900 +104.3% $136 / Sq Ft
04/01/2014 04/01/14 Sold $115,000 +17.3% $67 / Sq Ft
03/02/2014 03/02/14 Pending -- -- --
09/01/2013 09/01/13 For Sale $98,000 -- $57 / 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 $7,208 $381,082 -- --
2023 $6,711 $346,438 $85,140 $293,016
2022 $6,284 $314,944 $0 $0
2021 $5,718 $286,313 $67,080 $219,233
2020 $4,647 $237,920 $80,496 $157,424
2019 $4,274 $206,799 $46,956 $159,843
2018 $3,708 $176,760 $37,368 $139,392
2017 $3,052 $150,849 $39,335 $111,514
2016 $2,824 $122,582 $0 $0
2015 $2,647 $111,438 $0 $0
2014 $2,296 $86,121 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kyle Cruz

    Stateland Brown Holdings

    (561) 797-1543

    12 Total Sales

    Kyle Cruz
    Section Image
  • brian gleason

    Seller's Agent in 2014

    brian gleason

    The Corcoran Group

    (561) 315-4020

    58 Total Sales

    brian gleason
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10361609

BeachesMLS

APN: 00-42-43-26-04-007-0010

Florida Palm Beach County West Palm Beach 33417

1601 Magnolia Ln, West Palm Beach, FL

This home is located at 1601 Magnolia Ln, West Palm Beach, FL 33417 since 24 August 2017 and is currently estimated at $504,489, approximately $292 per square foot. This property was built in 1973. 1601 Magnolia Ln 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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