$500,000
SOLD SEP 17, 2020
-- Bed
-- Bath
2,652 Sq Ft
4,840 Sq Ft Lot

Recently Sold

$189 Per Sq Ft

9% Below List Price

129 Days on Market

Highlights

  • Wood Flooring
  • Interior Lot
  • Patio
  • Cul-De-Sac
  • Cooling System Mounted To A Wall/Window
  • Awning

About This Home

As of December 2023

Very well kept 4-unit property in the Central Park Historic District. Quality tenants. Updated kitchens and baths.

Last Agent to Sell the Property

Linda Cullen

The Corcoran Group License #605712 Listed on: 04/10/2020

The Corcoran Group

Co-Listed By

John Alford

The Corcoran Group License #3306775

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,059

Year Built

  • Built in 1928

Lot Details

  • 4,840 Sq Ft Lot
  • Cul-De-Sac
  • Interior Lot
  • Sprinkler System

Home Design

  • Frame Construction
  • Built-Up Roof

Interior Spaces

  • 2,652 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Blinds

Flooring

  • Wood
  • Ceramic Tile

Schools

  • Palmetto Elementary School

Utilities

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

Additional Features

  • Patio
  • Flood Zone Lot

Listing and Financial Details

  • Assessor Parcel Number 74434334120000650

Community Details

Overview

  • 4 Units
  • South Palm Beach Ests Add Subdivision

Building Details

  • Operating Expense $23,604
  • Net Operating Income $24,996

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,059

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Lytton is about 4 blocks north of Southern on the east side of Olive. Turn east; property is on the left at the end of the cul de sac.
  • Year Built: 1928
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Living Area: 2652.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Patio, Awning(s)
  • Lot Features: Cul-De-Sac, Flood Zone, Interior Lot, Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Deed Restriction
  • Construction Type: Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Built-Up

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Palmetto

Lot Info

  • Parcel #: 74434334120000650
  • Lot Size Sq Ft: 4840.0
  • Zoning Description: MF20(c1)
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 24996.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 23604.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8059.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Nov 30, 2023
Sold by
Mejia Alexander and Mejia Karla Loresly
Bought by
Southland Park Llc
Seller's Agent
Cole Leavitt
CPRE Organization Inc
Buyer's Agent
Alexis Waller
Brown Harris Stevens of PB
List Price
$1,299,000
Sold Price
$1,350,000
Premium/Discount to List
$51,000
3.93%
Views
16
Current Estimated Value
$1,380,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,445
Avg. Annual Appreciation
-3.88%

Purchase Details

Listed on
Apr 10, 2020
Closed on
Sep 19, 2020
Sold by
Rhoades Victoria
Bought by
Mejia Alexander and Mejia Karla Loresly
Seller's Agent
Linda Cullen
The Corcoran Group
List Price
$549,000
Sold Price
$500,000
Premium/Discount to List
-$49,000
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.13%
Original Mortgage
$457,875
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 9, 2016
Sold by
Rhoades Victoria
Bought by
Rhoades Victoria

Purchase Details

Closed on
Apr 30, 1998
Sold by
Brooks James and Brooks Janice
Bought by
Restrepo Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 1996
Sold by
Hedrick Charles
Bought by
Brooks James and Brooks Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
7.88%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $1,350,000 Old Palm Title
Warranty Deed $500,000 Trident Title
Interfamily Deed Transfer -- Attorney
Warranty Deed $235,000 --
Warranty Deed $82,500 --
Quit Claim Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,000 New Conventional
Previous Owner $543,692 New Conventional
Previous Owner $457,875 FHA
Previous Owner $160,100 Unknown
Previous Owner $135,000 New Conventional
Previous Owner $66,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2023 12/07/23 Sold $1,350,000 +3.9% $509 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $1,299,000 +159.8% $490 / Sq Ft
09/17/2020 09/17/20 Sold $500,000 -8.9% $189 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $549,000 -- $207 / 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 $23,617 $1,114,183 -- --
2023 $10,393 $425,847 $0 $0
2022 $9,121 $394,071 $0 $0
2021 $7,806 $364,982 $144,000 $220,982
2020 $7,851 $321,851 $144,000 $177,851
2019 $8,063 $369,980 $138,000 $231,980
2018 $6,646 $279,779 $122,045 $157,734
2017 $6,283 $263,860 $106,126 $157,734
2016 $5,943 $243,286 $0 $0
2015 $5,925 $235,924 $0 $0
2014 $5,777 $217,542 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10615466

BeachesMLS

APN: 74-43-43-34-12-000-0650