NOT LISTED FOR SALE

2428 Faith Ave West Palm Beach, FL 33417

Schall Circle Neighborhood

Estimated Value: $486,296 - $781,000

4 Beds
2 Baths
1,560 Sq Ft
$401/Sq Ft Est. Value

Last Sold December 21, 2021

Last sale price $450,000 $288 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,703/month

66 Days on Market

Highlights

  • Garden View
  • Ceramic Tile Flooring
  • Fenced
  • Corner Lot
  • Central Heating and Cooling System

About This Home

As of December 2021

Amazing investment property in the heart of West Palm. This duplex is located off of Okeechobee, between the Turnpike and 95, and just a short drive to Downtown & beaches! Each unit is 2 bedroom / 1 bath and currently occupied. The property has been well maintained and upgraded to include a new privacy fence, security system, new fans and 2 ton AC unit under warranty (Unit 2430), and solar lighting around the property. In addition to the rental income on the two units, there is a studio out back with potential to be an efficiency. The current owner is also renting boat storage space on the grounds to two boat owners, with space to add a third.

Last Agent to Sell the Property

Dan DeMott

LPT Realty, LLC License #3303428 Listed on: 09/15/2021

LPT Realty, LLC

Co-Listed By

Cindy Zavala

EXP Realty LLC License #3396138

Last Buyer's Agent

Matt Lupton

Total Realty Concepts LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,697

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot
  • Fenced
  • Corner Lot

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Garden Views

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 00424324090000250

Community Details

Overview

  • 2 Units
  • Military Park Diekhans Ad Subdivision

Building Details

  • Operating Expense $5,000
  • Net Operating Income $7,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,697

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Military Trail N of Okeechobee West side of Military Trail
  • Year Built: 1973
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1560.0

Exterior Features

  • Exterior Features: Fence
  • View: Garden
  • Lot Features: Corner Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 00424324090000250
  • Lot Size: 106.0 ft x 0.0 ft
  • Lot Size Sq Ft: 14633.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 7000.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5000.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3697.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2021
Closed on
Dec 10, 2021
Sold by
Gonzalez Morales Geysa L
Bought by
Brisencau Judette and Tilus Diderot
Seller's Agent
Dan DeMott
LPT Realty, LLC
Buyer's Agent
Matt Lupton
Total Realty Concepts LLC
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%
Current Estimated Value
$599,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,828
Avg. Annual Appreciation
8.45%
Original Mortgage
$441,849
Outstanding Balance
$410,581
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$194,067

Purchase Details

Listed on
Mar 9, 2019
Closed on
May 8, 2019
Sold by
Prescott Norman D and Prescott Patricia D
Bought by
Morales Geysa L Gonzalez
Seller's Agent
Carole Kay
Carole Kay Realty Inc
Buyer's Agent
Dan DeMott
LPT Realty, LLC
List Price
$274,900
Sold Price
$270,000
Premium/Discount to List
-$4,900
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.53%
Original Mortgage
$265,109
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 13, 2019
Sold by
Prescott Norman D and Prescott Patricia D
Bought by
Prescott Norman D and Prescott Patricia D
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
Brisencau Judette $450,000 Florida Title & Trust
Morales Geysa L Gonzalez $270,000 First American Title Ins Co
Prescott Norman D -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brisencau Judette $441,849
Previous Owner Morales Geysa L Gonzalez $271,196
Previous Owner Morales Geysa L Gonzalez $265,109
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $450,000 -10.0% $288 / Sq Ft
11/21/2021 11/21/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $500,000 +85.2% $321 / Sq Ft
05/08/2019 05/08/19 Sold $270,000 -1.8% $173 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
03/10/2019 03/10/19 For Sale $274,900 -- $176 / 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 $5,023 $299,431 -- --
2023 $5,248 $312,990 $117,800 $195,190
2022 $5,804 $339,671 $0 $0
2021 $3,346 $208,410 $46,000 $162,410
2020 $3,697 $212,138 $70,000 $142,138
2019 $3,315 $148,180 $40,000 $108,180
2018 $2,963 $136,379 $39,600 $96,779
2017 $2,912 $147,695 $36,000 $111,695
2016 $2,850 $116,548 $0 $0
2015 $2,500 $105,953 $0 $0
2014 $2,915 $126,728 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dan DeMott

    LPT Realty, LLC

    (877) 366-2213

    1 in this area

    154 Total Sales

    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Cindy Zavala

    EXP Realty LLC

    (561) 729-8528

    1 in this area

    57 Total Sales

    Section Image

  • M

    Buyer's Agent in 2021

    Matt Lupton

    Total Realty Concepts LLC

  • Matthew Lupton

    Buyer's Agent in 2021

    Matthew Lupton

    Total Realty Concepts LLC

    (954) 410-2203

    1 in this area

    58 Total Sales

    Section Image
  • Carole Kay

    Seller's Agent in 2019

    Carole Kay

    Carole Kay Realty Inc

    (561) 801-3400

    21 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10745774

BeachesMLS

APN: 00-42-43-24-09-000-0250

Florida Palm Beach County West Palm Beach 33417 Schall Circle

2428 Faith Ave, West Palm Beach, FL

This home is located at 2428 Faith Ave, West Palm Beach, FL 33417 since 15 September 2021 and is currently estimated at $624,824, approximately $400 per square foot. This property was built in 1973. 2428 Faith Ave is a home located in Palm Beach County with nearby schools including Egret Lake Elementary School, Bear Lakes Middle School, and Palm Beach Lakes 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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