NOT LISTED FOR SALE

Estimated Value: $1,034,000 - $1,718,000

5 Beds
4 Baths
2,639 Sq Ft
$521/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $495,000 $188 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $9,158/month

42 Days on Market

Highlights

  • Water Views
  • Porch
  • Open Patio
  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of March 2021

Quadplex in Excellent Location near Antique Row! CBS built income producing property is in the heart of trendy downtown area of WPB only 2 blocks from the intracoastal, just before the bridge to Mara Lago. 4 units consist of 1x 2BD, 2x 1BD's, and 1x 1Bd with office. Both larger end units have private fenced in yards plus private parking in rear of building. Street parking for interior units and guests. Lots of potential to make this property a stand out and increase cash flow greatly!

Last Agent to Sell the Property

Matt Shaw

Premier Brokers International License #3270451 Listed on: 01/05/2021

Premier Brokers International

Co-Listed By

Kate Shaw

Premier Brokers International License #3357994

Last Buyer's Agent

Matt Shaw

Premier Brokers International License #3270451 Listed on: 01/05/2021

Premier Brokers International

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,354

Year Built

  • Built in 1958

Lot Details

  • Fenced
  • Corner Lot
  • Sprinkler System

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,639 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Water Views

Flooring

  • Laminate
  • Tile

Outdoor Features

  • Open Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434403010001280

Community Details

Overview

  • 4 Units
  • Estates Of South Palm Bea Subdivision

Building Details

  • Operating Expense $19,423
  • Net Operating Income $19,423

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,354

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: North of Southern and East of Olive
  • Year Built: 1958
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Laminate, Tile
  • Living Area: 2639.0

Exterior Features

  • Exterior Features: Fence, Porch, Patio
  • View: Other, Water
  • Lot Features: Corner Lot, Sprinklers Automatic
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas 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 #: 74434403010001280
  • Zoning Description: MF20-C1

Multi Family

  • Property Net Operating Income: 19423.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 19423.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8354.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2021
Closed on
Mar 19, 2021
Sold by
Vuppn Llc
Bought by
Rcb Equity Group Llc
Seller's Agent
Matt Shaw
Premier Brokers International
Buyer's Agent
Matt Shaw
Premier Brokers International
List Price
$580,000
Sold Price
$495,000
Premium/Discount to List
-$85,000
-14.66%
Current Estimated Value
$1,376,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$881,000
Avg. Annual Appreciation
22.11%
Original Mortgage
$450,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2018
Sold by
George Usha and George Verghese
Bought by
Vuppn Llc

Purchase Details

Closed on
May 9, 2014
Sold by
Faloona Catherine Veronica
Bought by
George Usha
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
Rcb Equity Group Llc $495,000 Elite Ttl Of Treasure Coast
Vuppn Llc -- Attorney
George Usha $222,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rcb Equity Group Llc $862,500
Closed Rcb Equity Group Llc $715,000
Closed Rcb Equity Group Llc $673,712
Closed Lion Equity Investment Llc $206,000
Closed Rcb Equity Group Llc $460,000
Closed Rcb Equity Group Llc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $495,000 -14.7% $188 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $580,000 -- $220 / 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 $20,105 $814,572 -- --
2023 $20,318 $740,520 $0 $0
2022 $14,991 $673,200 $0 $0
2021 $8,628 $360,689 $211,200 $149,489
2020 $8,354 $344,721 $211,200 $133,521
2019 $9,216 $379,854 $202,400 $177,454
2018 $6,960 $294,328 $179,000 $115,328
2017 $6,486 $273,114 $155,652 $117,462
2016 $6,311 $259,664 $0 $0
2015 $6,146 $245,514 $0 $0
2014 $6,091 $229,276 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10682168

BeachesMLS

APN: 74-43-44-03-01-000-1280