NOT LISTED FOR SALE

311 N Federal Hwy Lake Worth, FL 33460

Mango Groves Neighborhood
1 Bed
1 Bath
5,979 Sq Ft
6,502 Sq Ft Lot

Last Sold September 28, 2021

Last sale price $1,300,000 $217 Per Sq Ft

57 Days on Market

About This Home

As of September 2021

Remarks: 9 unit multifamily building grossing $126,000 yearly directly on Federal Hwy. only a couple blocks to the heart of Downtown Lake Worth and Beaches. Recently all units have been updated with 12 month leases in place. The roof is fresh only 2.5 years old. Included in sale is a separate property across alley with 5 additional parking places. New Impact windows just installed. This one will not last long!

Last Agent to Sell the Property

Patrick Albright

Vickery Realty, Inc License #3405219 Listed on: 07/02/2021

Last Buyer's Agent

Ricardo Remis

The Keyes Company License #3063990

The Keyes Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,601

Year Built

  • Built in 1911

Lot Details

  • 6,502 Sq Ft Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,979 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 38434421150940140

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $9,300
  • Net Operating Income $116,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,601

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: I-95 exit on 6th ave, head east to US-1 make a left the property in on the left.
  • Year Built: 1911
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Laminate, Wood
  • Living Area: 5979.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity 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 #: 38434421150940140
  • Lot Size Sq Ft: 6502.0
  • Zoning Description: MU-E(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 116700.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 9300.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9601.0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2021 09/28/21 Sold $1,300,000 -6.8% $217 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $1,395,000 -- $233 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Albright

    Seller's Agent in 2021

    Patrick Albright

    Vickery Realty, Inc

    (561) 523-8087

    2 in this area

    33 Total Sales

    Section Image
  • Ricardo Remis

    Buyer's Agent in 2021

    Ricardo Remis

    The Keyes Company

    (561) 351-4449

    2 in this area

    36 Total Sales

    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10728404

BeachesMLS

Florida Palm Beach County Lake Worth 33460 Mango Groves

311 N Federal Hwy, Lake Worth, FL

This home is located at 311 N Federal Hwy, Lake Worth, FL 33460 since 02 July 2021. This property was built in 1911. 311 N Federal Hwy is a home located in Palm Beach County with nearby schools including Lake Worth High School, North Grade Elementary School, and Lake Worth Community 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.

Nearby Homes