NOT LISTED FOR SALE

171 S Broadway Lantana, FL 33462

Ocean Heights Neighborhood

Estimated Value: $611,000 - $775,000

5 Beds
4 Baths
2,370 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $400,000 $169 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,710/month

380 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring

About This Home

As of July 2017

Four well maintained units located in the heart of fast growing Lantana. Corner property with great exposure. Always rented with never a vacancy. CBS with hurricane panels. Eight parking spaces. Five electric meters. Separate coin operated laundry room for all 4 units, the income from those machines is not included in the gross rent which adds additional income of approximately $ 100.00 a month. Low cost of operation.

Last Agent to Sell the Property

Daryl Bush

Daryl G. Bush Realty Inc. License #349645 Listed on: 06/15/2016

Last Buyer's Agent

Martin Goldstein

MRG Associates LLC License #3263158

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,137

Year Built

  • Built in 1965

Lot Details

  • 7,783 Sq Ft Lot
  • Corner Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,370 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows
  • Ceramic Tile Flooring

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Total Actual Rent $42,900
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 40434503100130010

Community Details

Overview

  • 4 Units
  • Lantana Amended Plat Subdivision

Building Details

  • Operating Expense $11,638
  • Net Operating Income $33,362

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,137

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Exit I-95 on W. Lantana Rd. Go East 3/4 mile to N. Broadway, go South 3 blocks to W. Ocean Ave.Property on the corner of W. Ocean & N. Broadway. From Dixie go West on W. Ocean Ave 3 blocks to Broadway
  • Year Built: 1965
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2370.0
  • Window Features: Metal, Single Hung

Exterior Features

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

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 40434503100130010
  • Lot Size Sq Ft: 7783.0
  • Zoning Description: R-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 33362.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 11638.0
  • Total Actual Rent: 42900.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5137.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2022
Sold by
Psr Homes 9 Llc
Bought by
171 S Broadway Llc
Total Days on Market
380
Current Estimated Value
$693,964

Purchase Details

Closed on
Sep 2, 2021
Sold by
171 South Broadway Llc
Bought by
Psr Homes 9 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,200
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 15, 2016
Closed on
Jul 31, 2017
Sold by
Willims Dean L and Willims Luz M
Bought by
171 South Broadway Llc
Seller's Agent
Daryl Bush
Daryl G. Bush Realty Inc.
Buyer's Agent
Martin Goldstein
MRG Associates LLC
List Price
$469,000
Sold Price
$400,000
Premium/Discount to List
-$69,000
-14.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%

Purchase Details

Closed on
Apr 8, 2015
Sold by
D & L Apartments Llc
Bought by
Williams Dean L and Williams Luz M

Purchase Details

Closed on
Nov 4, 2006
Sold by
Williams Dean and Williams Luz
Bought by
D & L Apartments Llc

Purchase Details

Closed on
Jul 19, 2005
Sold by
Winn Bob L
Bought by
Williams Dean and Williams Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 5, 1997
Sold by
Wright Douglas J and Cook Vicki L
Bought by
Winn Bob L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,924
Interest Rate
7.95%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 30, 1995
Sold by
Wright Douglas J
Bought by
Wright Douglas J and Cook Vicki L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
9.21%

Purchase Details

Closed on
Jan 30, 1995
Sold by
Hogan Robert N and Hogan Suzanne S
Bought by
Wright Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
9.21%
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
171 S Broadway Llc $600,000 New Title Company Name
Psr Homes 9 Llc $576,500 Harbour Land Title Llc
171 South Broadway Llc $400,000 Attorney
Williams Dean L -- None Available
D & L Apartments Llc -- None Available
Williams Dean $429,900 Universal Land Title Inc
Winn Bob L $108,000 --
Wright Douglas J $31,500 --
Wright Douglas J $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Psr Homes 9 Llc $461,200
Previous Owner Psr Homes 9 Llc $461,200
Previous Owner Williams Dean L $275,000
Previous Owner Williams Dean $320,000
Previous Owner Winn Bob L $125,000
Previous Owner Winn Bob L $113,000
Previous Owner Winn Bob L $107,924
Previous Owner Wright Douglas J $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $400,000 -14.7% $169 / Sq Ft
07/01/2017 07/01/17 Pending -- -- --
06/15/2016 06/15/16 For Sale $469,000 -- $198 / 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 $12,323 $532,412 -- --
2023 $11,221 $484,011 $212,660 $271,351
2022 $11,493 $479,752 $0 $0
2021 $7,571 $286,309 $162,000 $124,309
2020 $7,453 $280,020 $138,000 $142,020
2019 $6,988 $256,339 $120,000 $136,339
2018 $6,337 $232,000 $112,266 $119,734
2017 $5,609 $219,524 $89,813 $129,711
2016 $5,137 $184,600 $0 $0
2015 $4,771 $159,975 $0 $0
2014 $4,785 $145,432 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Daryl Bush

    Daryl G. Bush Realty Inc.

    (561) 715-0040

    12 Total Sales

    Daryl Bush
    Section Image
  • Martin Goldstein

    Buyer's Agent in 2017

    Martin Goldstein

    MRG Associates LLC

    (561) 310-0935

    Martin Goldstein
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10243340

BeachesMLS

APN: 40-43-45-03-10-013-0010

Florida Palm Beach County Lantana 33462 Ocean Heights

171 S Broadway, Lantana, FL

This home is located at 171 S Broadway, Lantana, FL 33462 since 15 June 2016 and is currently estimated at $693,964, approximately $292 per square foot. This property was built in 1965. 171 S Broadway is a home located in Palm Beach County with nearby schools including Lantana 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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