NOT LISTED FOR SALE

3040 Martin Ave Unit 3040/3042 Greenacres, FL 33463

Estimated Value: $508,978 - $1,204,000

-- Bed
2 Baths
2,240 Sq Ft
$339/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $2,080,000 $929 Per Sq Ft

Current estimated payment $4,746/month

15 Days on Market

About This Home

As of April 2022

This home is located at 3040 Martin Ave Unit 3040/3042, Greenacres, FL 33463 since 14 March 2022 and is currently estimated at $758,993, approximately $338 per square foot. This property was built in 1980. 3040 Martin Ave Unit 3040/3042 is a home located in Palm Beach County with nearby schools including Greenacres Elementary School, John I. Leonard High School, and L C Swain Middle School.

Last Agent to Sell the Property

Brielle Biggins

Sutter & Nugent LLC License #3531775 Listed on: 03/14/2022

Last Buyer's Agent

Ahmed Abdeldayem

KW Innovations License #3309101

KW Innovations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,323

Year Built

  • Built in 1980

Lot Details

  • 9,754 Sq Ft Lot

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,240 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 18424423020090020

Community Details

Overview

  • 2 Units
  • Greenacres 2 Subdivision

Building Details

  • Operating Expense $11,006
  • Net Operating Income $17,794

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,323

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Exit 10th Ave off of I95, head West
  • Year Built: 1980
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Tile
  • Living Area: 2240.0

Exterior Features

  • Exterior Features: None
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • 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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 18424423020090020
  • Lot Size: 75.0 ft x 130.0 ft
  • Lot Size Sq Ft: 9754.0
  • Zoning Description: RL-3(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 17794.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 11006.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5323.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2022
Closed on
Apr 28, 2022
Sold by
Shipyard Residential Llc
Bought by
Azaan-Mina-Investments Llc
Seller's Agent
Brielle Biggins
Sutter & Nugent LLC
Buyer's Agent
Ahmed Abdeldayem
KW Innovations
List Price
$440,000
Sold Price
$2,080,000
Premium/Discount to List
$1,640,000
372.73%
Current Estimated Value
$758,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,321,007
Avg. Annual Appreciation
-25.34%
Original Mortgage
$1,352,000
Outstanding Balance
$965,474
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
-$206,481

Purchase Details

Closed on
Feb 7, 2022
Sold by
Leroy Gatchell David
Bought by
Shipyard Residential Llc

Purchase Details

Closed on
Apr 2, 2003
Sold by
Gatchell Paul L and Gatchell Carol D
Bought by
Gatchell David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 14, 1998
Sold by
Gatchell Paul L
Bought by
Gatchell Paul L and Gatchell Carol D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.99%
Mortgage Type
New Conventional
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
Azaan-Mina-Investments Llc $2,080,000 Legacy Title Services
Shipyard Residential Llc $3,125,000 Thomas D Rielly Pa
Gatchell David L $90,000 --
Gatchell Paul L $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azaan-Mina-Investments Llc $1,352,000
Previous Owner Gatchell David L $90,000
Previous Owner Gatchell Paul L $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $2,080,000 +372.7% $929 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $440,000 -- $196 / 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 $8,666 $413,242 -- --
2023 $8,683 $418,344 $214,522 $203,822
2022 $5,503 $203,565 $0 $0
2021 $5,323 $287,198 $136,512 $150,686
2020 $4,579 $208,806 $85,000 $123,806
2019 $4,356 $201,226 $57,500 $143,726
2018 $4,042 $216,650 $50,941 $165,709
2017 $3,280 $158,424 $40,753 $117,671
2016 $3,091 $114,906 $0 $0
2015 $3,029 $104,460 $0 $0
2014 $2,503 $94,964 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brielle Biggins

    Sutter & Nugent LLC

  • Ahmed Abdeldayem

    Buyer's Agent in 2022

    Ahmed Abdeldayem

    KW Innovations

    (305) 801-5871

    3 in this area

    35 Total Sales

    Ahmed Abdeldayem
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Map

Source: BeachesMLS

MLS Number: R10783861

BeachesMLS

APN: 18-42-44-23-02-009-0020

Florida Palm Beach County Greenacres 33463

3040 Martin Ave Unit 3040/3042, Greenacres, FL

This home is located at 3040 Martin Ave Unit 3040/3042, Greenacres, FL 33463 since 14 March 2022 and is currently estimated at $758,993, approximately $338 per square foot. This property was built in 1980. 3040 Martin Ave Unit 3040/3042 is a home located in Palm Beach County with nearby schools including Greenacres Elementary School, John I. Leonard High 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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