$1,300,000
SOLD FEB 12, 2025

2730 Hinda Rd Unit 1,2,3 & 4 West Palm Beach, FL 33403

-- Bed
-- Bath
2,688 Sq Ft
0.52 Acres

Recently Sold

$484 Per Sq Ft

7% Below List Price

119 Days on Market

Highlights

  • Water Views
  • Fruit Trees
  • Shed
  • 22,497 Sq Ft lot
  • Impact Glass
  • Tile Flooring

About This Home

As of February 2025

Calling all Investors! Perfect 1031 Exchange! Great Opportunity in Unincorporated Palm Beach County! Own, Live, and EARN Income in this Renovated Villa Style Quad Plex. NO HOA! 4 separate 2/1 houses on half acre lot. Each villa features their own large backyard, separate private laundry/utility room, and parking. Renovations include everything from new kitchens and bathrooms, impact windows throughout, new appliances, split system A/C units (3 in each unit), new septic systems for each unit, washer/dryer combos, and new electrical wiring and floors. This property has also been professionally landscaped with delicious fruit producing trees. The location has fantastic proximity to everything in Palm Beach County. Airbnb rentals are also a great option! Do NOT Miss this Fantastic Opportunity

Last Agent to Sell the Property

Allison Rick

KW Reserve License #3303184 Listed on: 10/16/2024

KW Reserve

Co-Listed By

John Kern

KW Reserve License #3228948

Last Buyer's Agent

Austin Frankoski

KW Innovations License #3329382

KW Innovations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,823

Year Built

  • Built in 1955

Lot Details

  • 0.52 Acre Lot
  • Fenced
  • Fruit Trees

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,688 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Water Views
  • Impact Glass

Flooring

  • Tile
  • Terrazzo

Outdoor Features

  • Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00434217040000270

Community Details

Overview

  • 4 Units
  • Kelsey Acres 2 Subdivision

Building Details

  • Operating Expense $30,242
  • Net Operating Income $63,358

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,823

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1955
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile
  • Living Area: 2688.0
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Fence, Fruit Trees, Shed
  • View: Other, Water
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • 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 #: 00434217040000270
  • Lot Size: 1/2 to < 1 Acre
  • Lot Size Sq Ft: 22497.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 63358.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 30242.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 17823.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2024
Closed on
Feb 11, 2025
Sold by
2730 Hinda Road Llc
Bought by
Rappa Michael T
Seller's Agent
Allison Rick
KW Reserve
Buyer's Agent
Austin Frankoski
KW Innovations
List Price
$1,399,000
Sold Price
$1,300,000
Premium/Discount to List
-$99,000
-7.08%
Total Days on Market
119
Views
25
Current Estimated Value
$1,271,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,533
Avg. Annual Appreciation
-6.50%
Original Mortgage
$975,000
Outstanding Balance
$973,381
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$298,086

Purchase Details

Closed on
Jun 1, 2021
Sold by
Gockman George M
Bought by
Aquasitions Unlimited Llc

Purchase Details

Closed on
May 20, 1993
Sold by
Zupfer Silvin Jacob and Zupfer Catherine
Bought by
Gockman George Monroe
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 Type Sale Price Title Company
Warranty Deed $1,300,000 Benchmark Title & Escrow
Warranty Deed $1,300,000 Benchmark Title & Escrow
Warranty Deed $390,000 Title Guaranty Of South Fl I
Personal Reps Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $975,000 New Conventional
Closed $975,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Sold $1,300,000 -7.1% $484 / Sq Ft
10/16/2024 10/16/24 For Sale $1,399,000 -- $520 / 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 $14,767 $787,061 -- --
2023 $17,823 $971,204 $249,988 $721,216
2022 $8,958 $421,321 $0 $0
2021 $7,841 $361,870 $201,600 $160,270
2020 $7,189 $314,757 $135,360 $179,397
2019 $7,333 $341,617 $144,000 $197,617
2018 $6,291 $277,023 $144,375 $132,648
2017 $5,751 $250,436 $115,500 $134,936
2016 $5,534 $231,550 $0 $0
2015 $5,266 $210,500 $0 $0
2014 $4,974 $192,023 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11029570

BeachesMLS

APN: 00-43-42-17-04-000-0270