NOT LISTED FOR SALE

26 Wisconsin St Unit 1-7 Lake Worth, FL 33461

Palm Springs Village Neighborhood

Estimated Value: $731,000 - $1,420,000

-- Bed
6 Baths
3,576 Sq Ft
$269/Sq Ft Est. Value

Last Sold April 11, 2018

Last sale price $770,000 $215 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,778/month

118 Days on Market

Highlights

  • 26,460 Sq Ft lot
  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Room in yard for a pool
  • Screened Porch
  • Shed

About This Home

As of April 2018

DON'T DELAY, INCOME PROCUCING PROPERTIES IN THIS CONDITION DO NOT COME ALONG OFTEN! CURRENTLY PERFORMING AT 8% CAP RATE, WITH 9% PRO FORMA. UNIQUE 7 UNIT MULTIFAMILY ON OVR 1/2 ACRE, CENTRALLY LOCATED IN LAKE WORTH. RECENT RENOVATION INCL CONNECTION TO PUBLIC SEWER, NEW ROOFS, AC UNITS, WINDOWS, HURRICANE SHUTTERS, ASPHALT DRIVEWAY WITH 2 ASSIGNED SPOTS PER UNIT, LANDSCAPING, INTERIOR TOTAL RENOVATIONS ON 4/7 UNITS. THIS IS A NO BRAINER. EASY TO RENT WITH VIRTUALLY NO VACANCIES!

Last Agent to Sell the Property

Aline LaBar

LaBar Realty License #-702366 Listed on: 11/13/2017

Last Buyer's Agent

Denise Salzman-Weber

Charles Rutenberg Realty FTL License #0632142

Charles Rutenberg Realty FTL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,323

Year Built

  • Built in 1962

Lot Details

  • 0.61 Acre Lot
  • Fenced

Parking

  • 1 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,576 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Single Hung Metal Windows
  • Blinds
  • Screened Porch
  • Garden Views

Flooring

  • Carpet
  • Laminate
  • Terrazzo
  • Ceramic Tile

Outdoor Features

  • Room in yard for a pool
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • The lake is a source of water for the property
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 70424424110000022

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $18,994
  • Net Operating Income $68,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,323

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Directions: MILITARY TRAIL TO LAKEWORTH RD EAST TO KIRK RD, UTURN TO WISCONSIN ST, RIGHT TO PROPERTY ON RIGHT OR CONGRESS AVE TO LAKE WORTH ROAD WEST TO WISCONSIN, RIGHT TO PROPERTY ON RIGHT.
  • Year Built: 1962
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile, Laminate, Terrazzo
  • Living Area: 3576.0
  • Window Features: Blinds, Metal, Single Hung

Exterior Features

  • Exterior Features: Enclosed Porch, Fence, Room For Pool, Shed
  • View: Garden
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Composition, Other, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Lake, Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 70424424110000022
  • Lot Size Sq Ft: 26460.0
  • Zoning Description: Res Mult
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 68024.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 18994.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5323.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2017
Closed on
Apr 6, 2018
Sold by
Property Income Investors 26 Llc
Bought by
Jhp Two Llc
Seller's Agent
Aline LaBar
LaBar Realty
Buyer's Agent
Denise Salzman-Weber
Charles Rutenberg Realty FTL
List Price
$850,000
Sold Price
$770,000
Premium/Discount to List
-$80,000
-9.41%
Current Estimated Value
$962,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,774
Avg. Annual Appreciation
3.01%

Purchase Details

Closed on
Dec 28, 2016
Sold by
Marletta John and Marletta Ann
Bought by
Property Income Investors 26 Llc

Purchase Details

Closed on
Sep 24, 2002
Sold by
26 Wisconsin Inc
Bought by
Marletta John and Marletta Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
10%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 23, 1999
Sold by
Chillemi Christopher and Chillemi Michael
Bought by
26 Wisconsin Street Corp

Purchase Details

Closed on
Aug 15, 1994
Sold by
Niemi Sue Riber and Niemi Sue Rieber
Bought by
Chillemi Christopher and Ghillemi Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.53%
Source: Public Records

Range of Values:

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Average Value
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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
Jhp Two Llc $770,000 Attorney
Property Income Investors 26 Llc $495,000 Attorney
Marletta John $220,000 Universal Land Title Inc
26 Wisconsin Street Corp $145,000 --
Chillemi Christopher $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marletta John $65,000
Previous Owner Chillemi Christopher $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2018 04/11/18 Sold $770,000 -9.4% $215 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
11/13/2017 11/13/17 For Sale $850,000 -- $238 / 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 $8,265 $576,326 -- --
2023 $14,178 $523,933 $0 $0
2022 $12,636 $476,303 $0 $0
2021 $10,633 $433,003 $131,385 $301,618
2020 $12,590 $524,728 $156,000 $368,728
2019 $11,631 $475,764 $122,400 $353,364
2018 $8,923 $373,876 $222,666 $151,210
2017 $8,268 $319,182 $153,563 $165,619
2016 $5,323 $146,023 $0 $0
2015 $4,879 $132,748 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Aline LaBar

    LaBar Realty

    Section Image

  • D

    Buyer's Agent in 2018

    Denise Salzman-Weber

    Charles Rutenberg Realty FTL

    (561) 732-7272

    Denise Salzman-Weber
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10381594

BeachesMLS

APN: 70-42-44-24-11-000-0022

Florida Palm Beach County Lake Worth 33461 Palm Springs Village

26 Wisconsin St Unit 1-7, Lake Worth, FL

This home is located at 26 Wisconsin St Unit 1-7, Lake Worth, FL 33461 since 13 November 2017 and is currently estimated at $962,774, approximately $269 per square foot. This property was built in 1962. 26 Wisconsin St Unit 1-7 is a home located in Palm Beach County with nearby schools including John I. Leonard High School, Clifford O Taylor/Kirklane Elementary School, and L C Swain Middle 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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