NOT LISTED FOR SALE

Estimated Value: $588,000 - $800,000

6 Beds
3 Baths
2,368 Sq Ft
$290/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $275,000 $116 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $5,059/month

26 Days on Market

Highlights

  • Water Views
  • Ceramic Tile Flooring
  • 3 Car Garage
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Fenced

About This Home

As of May 2016

Great looking Triplex with 3 garages and 3 parking spots.Each unit is rented below market price and tenants pay cash the rent the first of the month.Do not bother the tenants.

Last Agent to Sell the Property

Eric Salama

Charles Rutenberg Realty FTL License #3275628 Listed on: 03/10/2016

Charles Rutenberg Realty FTL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,925

Year Built

  • Built in 1984

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,368 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Water Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • The lake is a source of water for the property

Listing and Financial Details

  • Total Actual Rent $34,200
  • Rent includes electricity, sewer, water
  • Assessor Parcel Number 38434421150750080

Community Details

Overview

  • 3 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $1,200
  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,925

Year Built

Built in 1984

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: EXIT I93 at exit 63, go east on D street go North until property
  • Year Built: 1984
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2368.0

Exterior Features

  • Exterior Features: Fence
  • View: Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available
  • Water Source: Lake, Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Water
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421150750080
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: SF-TF-
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 28000.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 1200.0
  • Total Actual Rent: 34200.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4925.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2016
Closed on
May 4, 2016
Sold by
Cik Investments Llc
Bought by
3 David 715 Llc
Seller's Agent
Eric Salama
Charles Rutenberg Realty FTL
List Price
$320,000
Sold Price
$275,000
Premium/Discount to List
-$45,000
-14.06%
Current Estimated Value
$746,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,333
Avg. Annual Appreciation
9.89%
Original Mortgage
$15,000
Outstanding Balance
$12,097
Interest Rate
3.65%
Mortgage Type
Balloon
Estimated Equity
$646,236

Purchase Details

Listed on
Mar 10, 2016
Closed on
Mar 30, 2016
Sold by
Salam Eric
Bought by
Cik Investmenst Llc
Seller's Agent
Eric Salama
Charles Rutenberg Realty FTL
List Price
$320,000
Sold Price
$275,000
Premium/Discount to List
-$45,000
-14.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Outstanding Balance
$12,097
Interest Rate
3.65%
Mortgage Type
Balloon
Estimated Equity
$646,236

Purchase Details

Closed on
Oct 16, 2015
Sold by
Fannie Mae
Bought by
Salama Eric

Purchase Details

Closed on
Jun 26, 2014
Sold by
Clager Birgit
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 20, 2003
Sold by
Cross Roads Evangelistic Ministry Inc
Bought by
Clager Birgit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
5.94%
Mortgage Type
Unknown
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
3 David 715 Llc $550,000 Attorney
Cik Investmenst Llc -- Attorney
Salama Eric $213,000 Consuegra Title Llc
Federal National Mortgage Association -- None Available
Clager Birgit $188,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cik Investmenst Llc $15,000
Previous Owner Clager Birgit $288,000
Previous Owner Clager Birgit $287,300
Previous Owner Clager Birgit $150,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2016 05/06/16 Sold $275,000 -14.1% $116 / Sq Ft
04/06/2016 04/06/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $320,000 -- $135 / 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 $11,248 $397,893 -- --
2023 $10,284 $361,721 $0 $0
2022 $9,334 $328,837 $0 $0
2021 $8,569 $345,261 $113,400 $231,861
2020 $7,873 $302,458 $113,400 $189,058
2019 $7,237 $265,900 $85,050 $180,850
2018 $6,496 $232,551 $79,633 $152,918
2017 $5,986 $204,182 $63,707 $140,475
2016 $5,626 $191,011 $0 $0
2015 $4,925 $156,232 $0 $0
2014 $3,604 $86,292 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10215439

BeachesMLS

APN: 38-43-44-21-15-075-0080