NOT LISTED FOR SALE

233 Malverne Rd Unit 233, 235, 237 & 239 West Palm Beach, FL 33405

South End Neighborhood

Estimated Value: $811,000 - $3,012,000

3 Beds
2 Baths
7,576 Sq Ft
$218/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $2,800,000 $370 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $9,838/month

18 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Open Patio
  • Balcony
  • Impact Glass
  • Central Heating and Cooling System

About This Home

As of August 2022

Beautiful Row of 4 newer furnished, turnkey townhomes in desirable South End (SoSo) neighborhood 1.5 blocks to the intracoastal and Flagler. Walk or bike to the beach, Mar-a-Lago, Downtown West Palm Beach.. Wonderful opportunity for a 1031 exchange transfer, where landlord can have 4 contiguous short term rental properties in one location. Currently being rented as a short term rental so there are no leases. Upgraded units each with outdoor patios in rear.

Last Agent to Sell the Property

ELIZABETH (LISA) SABOL-DONO

Compass Florida LLC License #3187386 Listed on: 07/12/2022

Compass Florida LLC

Last Buyer's Agent

ELIZABETH (LISA) SABOL-DONO

Compass Florida LLC License #3187386 Listed on: 07/12/2022

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 2015

Lot Details

  • 3,049 Sq Ft Lot
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 7,576 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Single Hung Metal Windows
  • Impact Glass

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Outdoor Features

  • Balcony
  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Malverne Homes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74434403240000040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 2015

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Directions: From Southern, take Olive South to Malverne, Head East on Malverne to property on North side of street.
  • Year Built: 2015
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 7576.0
  • Window Features: Impact Glass, Metal, Single Hung

Exterior Features

  • Exterior Features: Balcony, Porch
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Porch
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, 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 #: 74434403240000040
  • Lot Size Sq Ft: 3049.0
  • Zoning Description: MF20(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8000.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Aug 29, 2022
Sold by
Malverne Condos Llc
Bought by
Palm Beach Atlantic University Inc
Seller's Agent
ELIZABETH (LISA) SABOL-DONO
Compass Florida LLC
Buyer's Agent
ELIZABETH (LISA) SABOL-DONO
Compass Florida LLC
List Price
$2,895,000
Sold Price
$2,800,000
Premium/Discount to List
-$95,000
-3.28%
Current Estimated Value
$1,651,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,148,691
Avg. Annual Appreciation
-15.57%

Purchase Details

Listed on
May 5, 2021
Closed on
May 25, 2021
Sold by
Lion Equity Group Llc
Bought by
Malverne Condos Llc
Seller's Agent
Sabra Kirkpatrick
Brown Harris Stevens of PB
Buyer's Agent
ELIZABETH (LISA) SABOL-DONO
Compass Florida LLC
List Price
$2,495,000
Sold Price
$2,115,000
Premium/Discount to List
-$380,000
-15.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.94%

Purchase Details

Closed on
Dec 9, 2019
Sold by
La Via Property Management Llc
Bought by
Lion Equity Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.6%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 16, 2015
Sold by
Malverne Construction Llc
Bought by
La Via Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,750
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2013
Sold by
Pavon Jorge
Bought by
Rivot Constructions Llc
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Palm Beach Atlantic University Inc $2,800,000 --
Malverne Condos Llc $2,115,000 Attorney
Lion Equity Group Llc $1,525,000 Elite Title Of The Treasure
La Via Property Management Llc $1,250,000 Florida Land Title
Rivot Constructions Llc $185,000 Trident Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lion Equity Group Llc $1,500,000
Previous Owner La Via Property Management Llc $685,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2022 08/30/22 Sold $2,800,000 -3.3% $370 / Sq Ft
07/31/2022 07/31/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $2,895,000 +36.9% $382 / Sq Ft
05/26/2021 05/26/21 Sold $2,115,000 -15.2% $279 / Sq Ft View Prior Sale
05/05/2021 05/05/21 For Sale $2,495,000 -- $329 / 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 $12,998 $625,388 -- --
2023 $13,088 $625,410 $0 $625,410
2022 $11,487 $535,432 $0 $0
2021 $8,000 $375,364 $0 $375,364
2020 $7,210 $319,316 $84,000 $235,316
2019 $7,052 $313,436 $70,000 $243,436
2018 $6,186 $279,082 $66,550 $212,532
2017 $6,495 $290,320 $60,500 $229,820
2016 $6,211 $272,666 $0 $0
2015 $968 $42,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    ELIZABETH (LISA) SABOL-DONO

    Compass Florida LLC

    (305) 851-2820

    5 in this area

    42 Total Sales

    ELIZABETH (LISA) SABOL-DONO
    Section Image

  • S

    Seller's Agent in 2021

    Sabra Kirkpatrick

    Brown Harris Stevens of PB

    (561) 628-2077

    84 in this area

    256 Total Sales

    Sabra Kirkpatrick
    Section Image

  • L

    Seller Co-Listing Agent in 2021

    Lauren Greaves

    Brown Harris Stevens of PB

    (561) 659-6400

    49 in this area

    137 Total Sales

    Lauren Greaves
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10816103

BeachesMLS

APN: 74-43-44-03-24-000-0040

Florida Palm Beach County West Palm Beach 33405 South End

233 Malverne Rd Unit 233, 235, 237 & 239, West Palm Beach, FL

This home is located at 233 Malverne Rd Unit 233, 235, 237 & 239, West Palm Beach, FL 33405 since 12 July 2022 and is currently estimated at $1,651,309, approximately $217 per square foot. This property was built in 2015. 233 Malverne Rd Unit 233, 235, 237 & 239 is a home located in Palm Beach County with nearby schools including South Olive Elementary School, Conniston Middle School, and Forest Hill Community High School.

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.

BeachesMLS 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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