NOT LISTED FOR SALE

Estimated Value: $285,000 - $574,000

3 Beds
2 Baths
1,146 Sq Ft
$347/Sq Ft Est. Value

Last Sold December 06, 2013

Last sale price $75,000 $65 Per Sq Ft

Est. 430% increase in value since last sale

Current estimated payment $2,636/month

66 Days on Market

Highlights

  • Interior Lot
  • 1 Car Garage
  • No Heating
  • Cooling System Mounted To A Wall/Window
  • Carpet

About This Home

As of December 2013

Recently remodeled duplex, mere steps from the city's flagship downtown street Lake Avenue! A prime location like this, on the block directly adjacent to Lake Worth's core commercial district, is highly prized and very valuable. Two legal rental units, featuring modern interiors with totally updated kitchens and bathrooms. The well-kept exterior extols 1920's simplistic architecture. A sweet, loveable look. Long driveway and one-car garage for off-street parking. The fully fenced lot is wide and deep. If you're searching for an income-producing property in a fantastic location, and don't want fix up work... This deal is the perfect fit for you.

Last Agent to Sell the Property

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 08/31/2013

Last Buyer's Agent

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 08/31/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,626

Year Built

  • Built in 1928

Lot Details

  • Interior Lot

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,146 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Community Details

  • 2 Units
  • Town Of Lake Worth Subdivision

Listing and Financial Details

  • Total Actual Rent $10,200
  • Rent includes electricity
  • Assessor Parcel Number 38434421150070260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,626

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Take Lake Ave. to South E St., turn South, property is on West side.
  • Year Built: 1928
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 1146.0

Exterior Features

  • Lot Features: Interior Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity
  • Senior Community: No

Lot Info

  • Parcel #: 38434421150070260
  • Zoning Description: Sftf 14

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1626.0

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 10200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2013
Closed on
Dec 5, 2013
Sold by
Investment Tenplus Llc
Bought by
1 Erin 822 Llc
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Bret Taylor
Southdale Properties Inc.
List Price
$109,000
Sold Price
$75,000
Premium/Discount to List
-$34,000
-31.19%
Current Estimated Value
$397,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,855
Avg. Annual Appreciation
16.06%

Purchase Details

Closed on
Mar 21, 2012
Sold by
Vilarino Ramon and Lopez Teresa
Bought by
Investment Tenplus Llc

Purchase Details

Closed on
Jan 10, 2006
Sold by
Jaws Realty Inc
Bought by
Vilarino Ramon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
7.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 4, 2001
Sold by
Mary Johnson I
Bought by
Jaws Realty Inc
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
1 Erin 822 Llc $75,000 Attorney
Investment Tenplus Llc $25,800 Attorney
Vilarino Ramon E $255,000 Sunbelt Title Agency
Jaws Realty Inc -- --
Jaws Realty Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vilarino Ramon E $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2013 12/06/13 Sold $75,000 -31.2% $65 / Sq Ft
11/06/2013 11/06/13 Pending -- -- --
08/31/2013 08/31/13 For Sale $109,000 -- $95 / 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 $5,490 $165,353 -- --
2023 $4,940 $150,321 $0 $0
2022 $4,476 $136,655 $0 $0
2021 $3,970 $156,986 $75,600 $81,386
2020 $3,757 $149,983 $75,600 $74,383
2019 $3,449 $129,099 $56,700 $72,399
2018 $3,134 $116,096 $53,089 $63,007
2017 $2,903 $99,478 $42,471 $57,007
2016 $2,676 $74,295 $0 $0
2015 $2,504 $67,541 $0 $0
2014 $2,297 $61,401 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R9973984

BeachesMLS

APN: 38-43-44-21-15-007-0260