NOT LISTED FOR SALE

Estimated Value: $304,507 - $474,000

2 Beds
2 Baths
1,028 Sq Ft
$379/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $214,000 $208 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,512/month

2 Days on Market

Highlights

  • Interior Lot
  • Ceramic Tile Flooring
  • No Heating
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2021

CONCRETE-BLOCK LEGAL-DUPLEX (2 UNITS) IN LAKE WORTH BEACH! TWO BLOCKS FROM LAKE AVE! Built in the 1960's, the pinnacle era of robust construction! This red-blooded structure can valiantly handle it all... Tenant mistreatment, torrid weather, and tempestuous pets. Built upon a solid-concrete slab, top-layered with monolithic terrazzo, and later covered by contemporary ceramic tile. Carport and driveway provide sheltered parking. A modest front yard adds the perfect amount of tropical Florida flair. Best aspect... Abundant money-making from superior rental income. LOW NUMBER ADDRESS = TOP-TIER RENTS! (The lower the address number on our alphabet streets, the nearer to Lake Avenue, ground-zero of downtown delights, you are.) Location, location, location. 225 to thrive!

Last Agent to Sell the Property

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 04/04/2021

Last Buyer's Agent

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 04/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,627

Year Built

  • Built in 1964

Lot Details

  • Interior Lot

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,028 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

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

Community Details

  • 2 Units
  • Town Of Lake Worth: Tropi Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38434421150600200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,627

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Take Lake Avenue to North F Street and turn North. Property is on the West side of the street.
  • Year Built: 1964
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1028.0

Exterior Features

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

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

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

Lot Info

  • Parcel #: 38434421150600200
  • Zoning Description: SfTf14

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2627.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2021
Closed on
Apr 28, 2021
Sold by
Leontsinis Andreas and Leontsinis Patricia Anne
Bought by
Violet Star 10 Llc
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Bret Taylor
Southdale Properties Inc.
List Price
$229,000
Sold Price
$214,000
Premium/Discount to List
-$15,000
-6.55%
Total Days on Market
2
Current Estimated Value
$389,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,377
Avg. Annual Appreciation
16.96%

Purchase Details

Closed on
Dec 19, 2003
Sold by
Mesa Enterprises Of South Florida Inc
Bought by
Leontsinis Andreas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 1996
Sold by
Lake Worth Apartments Inc
Bought by
Tepps Jerome L
Source: Public Records

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Range of Values:

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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
Violet Star 10 Llc $214,000 Attorney
Leontsinis Andreas $120,000 East Coast Title Company Of
Tepps Jerome L $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leontsinis Andreas $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $214,000 -6.6% $208 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
04/04/2021 04/04/21 For Sale $229,000 -- $223 / 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 $5,348 $214,383 -- --
2023 $5,265 $209,662 $0 $0
2022 $4,845 $190,602 $0 $0
2021 $2,865 $157,600 $67,600 $90,000
2020 $2,626 $136,916 $59,800 $77,116
2019 $2,513 $133,000 $54,600 $78,400
2018 $2,231 $116,411 $51,646 $64,765
2017 $1,984 $89,879 $36,890 $52,989
2016 $1,825 $47,592 $0 $0
2015 $1,678 $43,265 $0 $0
2014 $1,693 $39,332 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10705148

BeachesMLS

APN: 38-43-44-21-15-060-0200