NOT LISTED FOR SALE

2571 Hinda Rd West Palm Beach, FL 33403

Estimated Value: $849,838 - $1,415,000

11 Beds
6 Baths
3,496 Sq Ft
$329/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $995,000 $285 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,205/month

519 Days on Market

Highlights

  • 21,301 Sq Ft lot
  • Central Heating and Cooling System
  • Fenced

About This Home

As of June 2022

Amazing 5 unit compound consisting of two duplexes and a single family house 3/2 sitting on a half acre lot. Live in the house for free and collect rent easily! All units are 2 Bedroom 1 Bath. The duplex units even have a carport and laundry rooms. Plenty of extra parking. Possibly even convert the carports into additional units for even more income! There is a well fed sprinkler system and a large storage building. Perfect for rehab housing or AIR B&B-This is a totally turnkey property! All units have been renovated with Hurricane windows and doors.This is a unique situation. Please call for more details. DO NOT disrupt tenants. Appointment only

Last Agent to Sell the Property

Robin Bundy

Coldwell Banker Realty License #3288848 Listed on: 12/13/2020

Coldwell Banker Realty

Last Buyer's Agent

Richard Creese

North County Realty LLC License #693038

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,020

Year Built

  • Built in 1956

Lot Details

  • 0.49 Acre Lot
  • Fenced
  • Sprinkler System

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,496 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • 3 Units
  • Kelsey Acres 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00434217040000020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,020

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: North of Northlake Blvd take Alternate A1A or Prosperity Farms Road to Richard Road to Hinda Rd. Property is 2nd property on the right
  • Year Built: 1956
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Laminate
  • Living Area: 3496.0

Exterior Features

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

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 00434217040000020
  • Lot Size Sq Ft: 21301.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10020.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2020
Closed on
Jun 15, 2022
Sold by
Guardian Angel Properties Inc
Bought by
Juno Beach Investment Properties Llc
Seller's Agent
Robin Bundy
Coldwell Banker Realty
Buyer's Agent
Richard Creese
North County Realty LLC
List Price
$1,399,000
Sold Price
$995,000
Premium/Discount to List
-$404,000
-28.88%
Current Estimated Value
$1,148,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,460
Avg. Annual Appreciation
1.89%
Original Mortgage
$1,000,000
Interest Rate
5.78%
Mortgage Type
Balloon

Purchase Details

Listed on
Sep 1, 2016
Closed on
Mar 15, 2017
Sold by
2571 Hinda Road Llc
Bought by
Guardian Angel Properties Inc
Seller's Agent
Matt Thoren
Harbourside Properties
Buyer's Agent
Robin Bundy
Coldwell Banker Realty
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.83%
Original Mortgage
$470,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 15, 2015
Closed on
Jan 15, 2016
Sold by
Wilson Christine
Bought by
2571 Hinda Road Llc
Seller's Agent
Linda Agnolucci, CNE
Jupiter Lighthouse Realty Inc
Buyer's Agent
Darrell Naquin
Coldwell Banker Commercial
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.44%

Purchase Details

Closed on
Mar 3, 2010
Sold by
Martens Arnold J
Bought by
Beckmann William F

Purchase Details

Closed on
Jan 24, 2003
Sold by
Martens Arnold and Beckmann William F
Bought by
Martens Arnold and Beckmann William F

Purchase Details

Closed on
Jan 3, 2003
Sold by
Gross Glen C and Gross Genevieve C
Bought by
Martens Arnold and Beckmann William F
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
Juno Beach Investment Properties Llc $995,000 Cohen Norris Wolmer Ray Telepm
Guardian Angel Properties Inc $580,000 Attorney
2571 Hinda Road Llc $425,000 Tropical Land Title Inc
Beckmann William F -- None Available
Martens Arnold -- --
Martens Arnold $210,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guardian Angel Properties Inc $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $995,000 -28.9% $285 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
12/13/2020 12/13/20 For Sale $1,399,000 +141.2% $400 / Sq Ft
03/17/2017 03/17/17 Sold $580,000 -7.2% $166 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
09/01/2016 09/01/16 For Sale $625,000 +47.1% $179 / Sq Ft
01/15/2016 01/15/16 Sold $425,000 -5.6% $122 / Sq Ft
12/16/2015 12/16/15 Pending -- -- --
07/15/2015 07/15/15 For Sale $450,000 -- $129 / 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 $13,395 $694,153 -- --
2023 $15,422 $817,119 $245,204 $571,915
2022 $12,400 $568,929 $0 $0
2021 $11,278 $586,002 $252,000 $334,002
2020 $10,020 $470,189 $169,200 $300,989
2019 $10,583 $497,116 $180,000 $317,116
2018 $9,350 $449,329 $180,469 $268,860
2017 $7,925 $384,265 $144,375 $239,890
2016 $7,364 $331,253 $0 $0
2015 $7,277 $315,498 $0 $0
2014 $6,895 $286,816 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10678061

BeachesMLS

APN: 00-43-42-17-04-000-0020