NOT LISTED FOR SALE

1709 S Federal Hwy Unit 1 Lake Worth, FL 33460

Whispering Palms Neighborhood

Estimated Value: $167,000 - $547,000

2 Beds
2 Baths
3,030 Sq Ft
$87/Sq Ft Est. Value

Last Sold August 05, 2014

Last sale price $150,000 $50 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,815/month

130 Days on Market

Highlights

  • 43,560 Sq Ft lot
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Garden View

About This Home

As of August 2014

PACKAGE OF 3 CONDO UNITS TO BE SOLD TOGETHER, ALL LARGE 2/2'S ALL RENTED AT $850/MONTH, HOA IS $200/ MONTH. A 12% RETURN, NO WIND INSURANCE ON BUILDING , SO MUST BE CASH DEAL, LIABILITY AND PROPERTY DAMAGE INSURANCE AND WATER SEWER INL. IN HOA

Last Agent to Sell the Property

Steven Berkes

Berkes Realty & Investments License #603904 Listed on: 02/25/2014

Last Buyer's Agent

Steven Berkes

Berkes Realty & Investments License #603904 Listed on: 02/25/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $643

Year Built

  • Built in 1981

Lot Details

  • 1 Acre Lot

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,030 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • Garden Views

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $30,000
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 38434434400010010

Community Details

Overview

  • 3 Units
  • Winchester Club Condo Subdivision

Building Details

  • Operating Expense $10,000
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$643

Year Built

Built in 1981

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: I-95 to 6th Ave south exit east to federal south to propery
  • Year Built: 1981
  • Unit Levels: Two
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3030.0

Exterior Features

  • View: Garden
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

  • Association Fee: 200.0
  • HOA Rent Includes: Electricity, Cable TV
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434434400010010
  • Lot Size Sq Ft: 43560.0
  • Zoning Description: MF
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 20000.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 10000.0
  • Total Actual Rent: 30000.0

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 643.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2014
Closed on
Jul 15, 2014
Sold by
1755 Forest Hill Llc
Bought by
Furman David F and The David F Furman Revocable Trust
Seller's Agent
Steven Berkes
Berkes Realty & Investments
Buyer's Agent
Steven Berkes
Berkes Realty & Investments
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%
Current Estimated Value
$263,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,484
Avg. Annual Appreciation
5.02%
Original Mortgage
$100,000
Outstanding Balance
$77,817
Interest Rate
4.2%
Mortgage Type
Seller Take Back
Estimated Equity
$179,771

Purchase Details

Closed on
Mar 9, 2013
Sold by
The Effman Family Limited Partnership
Bought by
1755 Forest Hill Llc

Purchase Details

Closed on
Nov 14, 2011
Sold by
Winchester Apartments Of Lake Worth Inc
Bought by
The Effman Family Limited Partnership

Purchase Details

Closed on
Jul 17, 2009
Sold by
Gmac Mortgage Llc
Bought by
Winchester Apartments Of Lake Worth Inc

Purchase Details

Closed on
Feb 9, 2009
Sold by
Echeverri Francisco and Echeverri Maria
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
May 25, 2006
Sold by
Winchester Apartments Of Lake Worth Inc
Bought by
Echeverri Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac
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 Buyer Sale Price Title Company
Furman David F $150,000 Standard Title Insurance Age
1755 Forest Hill Llc $132,500 Attorney
The Effman Family Limited Partnership -- Attorney
Winchester Apartments Of Lake Worth Inc $25,000 Attorney
Gmac Mortgage Llc -- Attorney
Echeverri Francisco $155,000 Standard Title Insurance Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Furman David F $100,000
Previous Owner Echeverri Francisco $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2014 08/05/14 Sold $150,000 -9.1% $50 / Sq Ft
07/06/2014 07/06/14 Pending -- -- --
02/25/2014 02/25/14 For Sale $165,000 -- $54 / 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 $2,161 $74,536 -- --
2023 $1,834 $67,760 $0 $0
2022 $1,631 $61,600 $0 $0
2021 $1,484 $56,000 $0 $56,000
2020 $1,375 $51,000 $0 $51,000
2019 $1,366 $55,000 $0 $55,000
2018 $1,203 $46,000 $0 $46,000
2017 $1,100 $41,000 $0 $0
2016 $996 $36,000 $0 $0
2015 $1,018 $36,000 $0 $0
2014 $1,005 $35,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steven Berkes

    Seller's Agent in 2014

    Steven Berkes

    Berkes Realty & Investments

    (561) 385-5393

    7 Total Sales

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Map

Source: BeachesMLS

MLS Number: R10019432

BeachesMLS

APN: 38-43-44-34-40-001-0010

Florida Palm Beach County Lake Worth 33460 Whispering Palms

1709 S Federal Hwy Unit 1, Lake Worth, FL

This home is located at 1709 S Federal Hwy Unit 1, Lake Worth, FL 33460 since 25 February 2014 and is currently estimated at $263,484, approximately $86 per square foot. This property was built in 1981. 1709 S Federal Hwy Unit 1 is a home located in Palm Beach County with nearby schools including Barton Elementary School, Lake Worth High School, and Lantana Middle 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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