NOT LISTED FOR SALE

1709 Mercer Ave Unit 1 West Palm Beach, FL 33401

Pineapple Park Neighborhood

Estimated Value: $574,000 - $868,000

6 Beds
4 Baths
2,365 Sq Ft
$277/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $465,000 $197 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,386/month

61 Days on Market

Highlights

  • Water Views
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2021

Excellent chance for value add! Priced to sell, 4 units; two have remodeled bathrooms, roof recently recoated, and exterior recently painted, new parking lot with 7 spaces. Needs to be remodeled and rents increased accordingly, All month to month leases. So there is a great chance to get started on upgrading and collect some rent in the processs. Tenants in place are unaware of the sale, so please do not disturb them, All sizes estimated by owner and may not be accurate. Buyer should do their own measuring. next door to the brand new rental community of Mercer Park.

Last Agent to Sell the Property

Kim Black

Trio Real Estate License #3029397 Listed on: 09/15/2021

Co-Listed By

Albert Estevez

Trio Real Estate License #3496996

Last Buyer's Agent

Jeffery Green

Palm Beachers Realty LLC License #3205918

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,333

Year Built

  • Built in 1925

Lot Details

  • 4,955

Home Design

  • Frame Construction

Interior Spaces

  • 2,365 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Water Views

Flooring

  • Carpet
  • Ceramic Tile

Additional Features

  • 4,955 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 74434328120020032

Community Details

Overview

  • 4 Units
  • Grovedale Park Plan Subdivision

Building Details

  • Operating Expense $13,200
  • Net Operating Income $27,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,333

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: 1-95 TO BELVEDERE, W TO MERCER, NORTH TO PROPERTY
  • Year Built: 1925
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2365.0

Exterior Features

  • View: Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Construction Type: Frame
  • Property Condition: Resale
  • Roof: Other

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Lot Info

  • Parcel #: 74434328120020032
  • Lot Size Sq Ft: 4955.0
  • Zoning Description: MF20(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 27300.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 13200.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7333.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2021
Closed on
Dec 9, 2021
Sold by
Mike Persaud
Bought by
1520 Tyler Llc
Seller's Agent
Kim Black
Trio Real Estate
Buyer's Agent
Jeffery Green
Palm Beachers Realty LLC
List Price
$550,000
Sold Price
$465,000
Premium/Discount to List
-$85,000
-15.45%
Total Days on Market
61
Current Estimated Value
$654,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,708
Avg. Annual Appreciation
10.62%

Purchase Details

Closed on
Apr 13, 2020
Sold by
Persaud Mike and Persaud Sandra S
Bought by
Persaud Mike

Purchase Details

Closed on
Jan 22, 2004
Sold by
Osorio Carlos and Grajales Nelsy
Bought by
Persaud Khemraj M and Persaud Sandra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2002
Sold by
Bankers Trust Company Of California Na
Bought by
Osorio Carlos and Grajales Nelsy

Purchase Details

Closed on
Jan 17, 2002
Sold by
Barran April and Barran John Doe
Bought by
Bankers Trust Company Of California Na

Purchase Details

Closed on
Dec 9, 1998
Sold by
Feinstein Adam S
Bought by
Barran April

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 1995
Sold by
Martinello James V and Martinello Mary I
Bought by
Feinstein Adam S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
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
1520 Tyler Llc $465,000 First American Title
Persaud Mike -- None Available
Persaud Khemraj M $215,000 Fidelity National Title Insu
Osorio Carlos $105,000 --
Bankers Trust Company Of California Na -- --
Barran April $125,000 --
Feinstein Adam S $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1520 Tyler Llc $4,500,000
Previous Owner Persaud Khemraj M $266,000
Previous Owner Persaud Khemraj M $168,000
Previous Owner Osorio Carlos $80,000
Previous Owner Barran April $100,000
Previous Owner Feinstein Adam S $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $465,000 -15.5% $197 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $550,000 -- $233 / 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 $8,529 $376,498 -- --
2023 $9,637 $428,333 $141,098 $287,235
2022 $9,668 $420,711 $0 $0
2021 $10,958 $467,844 $306,000 $161,844
2020 $7,333 $466,104 $306,000 $160,104
2019 $7,128 $466,104 $306,000 $160,104
2018 $5,436 $321,103 $184,126 $136,977
2017 $4,597 $236,504 $99,527 $136,977
2016 $4,346 $149,992 $0 $0
2015 $4,321 $136,356 $0 $0
2014 $3,579 $123,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kim Black

    Trio Real Estate

    (561) 358-5221

    1 in this area

    86 Total Sales

    Kim Black
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Albert Estevez

    Trio Real Estate

    (561) 509-4112

    1 in this area

    19 Total Sales

    Albert Estevez
    Section Image

  • J

    Buyer's Agent in 2021

    Jeffery Green

    Palm Beachers Realty LLC

    (561) 572-5938

    2 in this area

    49 Total Sales

    Jeffery Green
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10745792

BeachesMLS

APN: 74-43-43-28-12-002-0032

Florida Palm Beach County West Palm Beach 33401 Pineapple Park

1709 Mercer Ave Unit 1, West Palm Beach, FL

This home is located at 1709 Mercer Ave Unit 1, West Palm Beach, FL 33401 since 15 September 2021 and is currently estimated at $654,708, approximately $276 per square foot. This property was built in 1925. 1709 Mercer Ave Unit 1 is a home located in Palm Beach County with nearby schools including Roosevelt Elementary School, Conniston Middle School, and Forest Hill 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.

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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