NOT LISTED FOR SALE

1650 N Military Trail West Palm Beach, FL 33409

Estimated Value: $4,492,955

2.57 Acres
$1,748,232 Price per Acre
111,949 Sq Ft Lot

Last Sold September 28, 2017

Last sale price $2,400,000

Est. 87% increase in value since last sale

Current estimated payment $24,301/month

49 Days on Market

About This Lot

As of September 2017

Location1 Location! Retail Center located in one of the densest areas of Palm Beach county, fronting North Military Tail. 18,958 st on 2.57 acres land. connect vacant land 2 acres, also for sale.

Last Agent to Sell the Property

Caroline Ho

Goshen Real Estate LLC License #0675759 Listed on: 07/14/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $43,914

Lot Details

  • 2.57 Acre Lot
  • Lot Dimensions are 150x450
  • Property is zoned CG

Location

  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 00424325000001340

Property Details

Property Type

Land

Est. Annual Taxes

$43,914

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Commercial
  • Directions: 5 MINUTES TO PALM BEACH INTERNATIONAL AIRPORT
  • Horses: No
  • Lot Size Acres: 2.57
  • Lot Size: 150x450
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Structure Type: Commercial
  • Special Features: None

Interior Features

  • Possible Use: Unknown/Withheld, Other Plan Use

Exterior Features

  • Lot Features: City Location, 2.5-5 Acres
  • Pool Private: No
  • View: No
  • Waterfront: No

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Sewer Connected, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 00424325000001340
  • Current Use: Other Usage, Income (Other)
  • Lot Size Sq Ft: 18958
  • Zoning: CG
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Gross Scheduled Income: 25000

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 43914

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2017
Closed on
Aug 21, 2017
Sold by
Old Naples Llc
Bought by
Eglise Evangelique Baptiste Par La Foi I
Seller's Agent
Caroline Ho
Goshen Real Estate LLC
List Price
$2,750,000
Sold Price
$2,400,000
Premium/Discount to List
-$350,000
-12.73%
Current Estimated Value
$4,492,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,092,955
Avg. Annual Appreciation
8.22%
Original Mortgage
$2,000,000
Outstanding Balance
$1,690,832
Interest Rate
3.92%
Mortgage Type
Commercial
Estimated Equity
$2,812,646

Purchase Details

Closed on
Sep 23, 2009
Sold by
Gebf Real Estate Militrail Llc
Bought by
Old Naples Llc

Purchase Details

Closed on
Sep 10, 2009
Sold by
Great Eastern Bank Of Florida
Bought by
Gebf Real Estate Militrail Llc

Purchase Details

Closed on
Aug 10, 2009
Sold by
Mili Trail Center Llc
Bought by
Great Eastern Bank Of Florida

Purchase Details

Closed on
Nov 28, 2005
Sold by
Ncm Leasing Co Llc
Bought by
Mili Trail Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,493,000
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 1999
Sold by
Geraldine Larry A and Geraldine Rubin
Bought by
Ncm Leasing Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7%
Mortgage Type
Commercial
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
Eglise Evangelique Baptiste Par La Foi I $2,400,000 Attorney
Old Naples Llc $1,900,000 Attorney
Gebf Real Estate Militrail Llc -- Attorney
Great Eastern Bank Of Florida -- None Available
Mili Trail Center Llc $3,325,000 Landmark Title Of Fl Inc
Ncm Leasing Co Llc $1,196,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eglise Evangelique Baptiste Par La Foi I $2,000,000
Previous Owner Mili Trail Center Llc $2,493,000
Previous Owner Ncm Leasing Co Llc $2,053,000
Previous Owner Ncm Leasing Co Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2017 09/28/17 Sold $2,400,000 -12.7% --
09/01/2017 09/01/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $2,750,000 -- --
Source: MIAMI REALTORS® MLS

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 $4,354 $3,761,415 -- --
2023 $4,224 $3,419,468 $0 $0
2022 $4,035 $3,108,607 -- --
2021 $3,845 $2,826,006 $1,261,665 $1,564,341
2020 $3,751 $2,849,184 $1,261,665 $1,587,519
2019 $3,902 $2,645,099 $1,201,213 $1,443,886
2018 $48,684 $2,603,150 $1,166,509 $1,436,641
2017 $48,202 $2,527,317 $1,110,534 $1,416,783
2016 $45,809 $2,333,246 $0 $0
2015 $43,914 $2,152,645 $0 $0
2014 $43,035 $2,067,058 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Caroline Ho

    Goshen Real Estate LLC

    19 Total Sales

    Caroline Ho
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10310529

MIAMI REALTORS® MLS

APN: 00-42-43-25-00-000-1340

Florida Palm Beach County West Palm Beach 33409

1650 N Military Trail, West Palm Beach, FL

This home is located at 1650 N Military Trail, West Palm Beach, FL 33409 since 14 July 2017 and is currently estimated at $4,492,955. 1650 N Military Trail is a home located in Palm Beach County with nearby schools including Hope-Centennial Elementary School, Jeaga Middle School, and Palm Beach Lakes Community 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.

MIAMI REALTORS® MLS 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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