NOT LISTED FOR SALE

214 S M St Lake Worth, FL 33460

Downtown Jewel Neighborhood

Estimated Value: $642,000 - $990,000

5 Beds
5 Baths
2,521 Sq Ft
$341/Sq Ft Est. Value

Sale Details

Date Sold: November 29, 2021

Last sale price $715,000 $284 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,348 / mo

56 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • No HOA
  • Paddle Fans

About This Home

As of November 2021

The Bungalows are a 5 Unit multifamily asset in the heart of Lake Worth Beach. The property is comprised of three cottages housing, 5 units that have been very well cared for and renovated throughout ownership and 100% OCCUPIED! The property is currently owner-managed with annual leases in place. The Bungalows idyllic location also offers the opportunity to take advantage of the profitable vacation rental market. With The Bungalows being separate buildings, tenants can enjoy a sense of privacy and tranquility while being just a short walk to the hustle and bustle of downtown. These features position The Bungalows as a prime investment opportunity and
rental property.
UNIT MIX (1)2/1 (1)1/1 (2)STUDIOS (1) EFFICIENCY + COIN LAUNDRY & OWNER STORAGE
PLEASE SEE OFFERING MEMORANDUM ATTACHED

Last Agent to Sell the Property

Alexis Shapiro

ONE Commercial LLC License #3346131 Listed on: 08/05/2021

ONE Commercial LLC

Last Buyer's Agent

Alexis Shapiro

ONE Commercial LLC License #3346131 Listed on: 08/05/2021

ONE Commercial LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,217

Year Built

  • Built in 1926

Lot Details

  • Property is zoned MU-E - Mixed Use E

Parking

  • 5 Parking Spaces

Home Design

  • Substantially Remodeled
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,521 Sq Ft Home
  • 2-Story Property
  • Paddle Fans

Flooring

  • Wood
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Lake Worth Town Of Subdivision

Listing and Financial Details

  • Rent includes gas, gardener, water
  • Assessor Parcel Number 38434421150930050

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,217

Year Built

Built in 1926

Lot Details

6,752 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1926
  • Property Sub Type: Multi Family
  • Architectural Style: Detached
  • Directions: 2 blocks south of Lake Avenue on S M st (one way street heading north) property on the East Side of the street. From I 95 6th Ave S, head East to S M Street, head north 4 blocks property on the East side
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Multi Family
  • Subdivision Name: LAKE WORTH TOWN OF
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile, Wood
  • Living Area: 2521
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Composition Roll, Other, Shingle
  • Construction Type: Frame
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LAKE WORTH TOWN OF
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Cooling: Paddle Fans, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 38434421150930050
  • Zoning: MU-E - Mixed Use E
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gas, Gardener, Water

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8217

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2023
Sold by
Bought by
Current Estimated Value
$860,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,350
Interest Rate
0.0723%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
0.0612%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 5, 2021
Closed on
Nov 19, 2021
Sold by
Bought by
Seller's Agent
Alexis Shapiro
ONE Commercial LLC
Buyer's Agent
Alexis Shapiro
ONE Commercial LLC
List Price
$750,000
Sold Price
$715,000
Premium/Discount to List
-$35,000
-4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%
Original Mortgage
$500,500
Interest Rate
0.0309%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2017
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
0.0632%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2002
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,050,000 None Listed On Document
-- None Listed On Document
$715,000 Attorney
$350,000 Delray Title & Abstarct Co
$220,000 Florida Title & Trust Llc
$137,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $574,350
Previous Owner $710,000
Previous Owner $500,500
Previous Owner $165,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/29/2021 11/29/21 Sold $715,000 -4.7% $284 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
08/15/2021 08/15/21 For Sale $750,000 0.0% $298 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $750,000 -- $298 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $20,387 $822,151
2024 $20,472 $809,009
2023 $13,312 $495,077 $194,950 $300,127
2022 $13,661 $505,426 $0 $0
2021 $9,233 $309,315 $67,500 $241,815
2020 $8,560 $271,209 $67,500 $203,709
2019 $8,650 $274,448 $67,500 $206,948
2018 $8,083 $256,770 $67,196 $189,574
2017 $6,099 $186,274 $61,094 $125,180
2016 $3,044 $147,967 $0 $0
2015 $5,473 $134,515 $0 $0
2014 $5,238 $122,286 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alexis Shapiro

    Seller's Agent in 2021

    Alexis Shapiro

    ONE Commercial LLC

    (305) 779-2430

    3 in this area

    9 Total Sales

    Alexis Shapiro
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11079025

MIAMI REALTORS® MLS

APN: 38-43-44-21-15-093-0050

Florida Palm Beach County Lake Worth 33460 Downtown Jewel

214 S M St, Lake Worth, FL

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.

MIAMI REALTORS® MLS 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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