NOT LISTED FOR SALE

Estimated Value: $374,786 - $498,000

5 Beds
2 Baths
1,140 Sq Ft
$390/Sq Ft Est. Value

Last Sold June 21, 2023

Last sale price $445,000 $390 Per Sq Ft

Current estimated payment $2,999/month

279 Days on Market

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Impact Glass
  • Tile Flooring
  • 5-minute walk to Harold Grimes Memorial Park

About This Home

As of June 2023

Huge opportunity for investment in up-and-coming East Lake Worth with this duplex on a double lot ! Income generating 3/1 and 2/1 duplex on a lot consisting of 2 parcels : lots 24 and 25. Vacant parcel can be developed (after permit) with new construction single family house, income producing property or used to enhance the current property with a garage , pool, etc...Duplex is occupied with long term tenants on month to month leases. Rent can be raised to competitive rates.The property has all New Hurricane impact windows, Tankless Water Heaters, communal washer/dryer and enclosed backyard. 50 foot street frontage, allowing for 3-4 cars, and back alley with gated parking. Perfect location! Close to everything : downtown Lake Worth, the beach and I-95 !

Last Agent to Sell the Property

Christine Ubeda

Signature International RE License #3402753 Listed on: 09/14/2022

Last Buyer's Agent

Naylen Izquierdo-Abreu

Realty Hub License #3553585

Realty Hub

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,025

Year Built

  • Built in 1925

Lot Details

  • 6,750 Sq Ft Lot

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property
  • Garden Views
  • Impact Glass

Flooring

  • Laminate
  • Tile

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 38434421151290240

Community Details

Overview

  • 2 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $4,308
  • Net Operating Income $28,692

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,025

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: If you are coming from I95, go to the East on Lake Worth Road, turn left on the D street . The house will be on your left
  • Year Built: 1925
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Laminate, Tile
  • Living Area: 1140.0
  • Window Features: Impact Glass

Exterior Features

  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Frame
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Water Source: Lake

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 38434421151290240
  • Lot Size: 50.0 ft x 135.0 ft
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: SF-TF-
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 28692.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 4308.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4025.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Jun 6, 2023
Sold by
Falcinella Laurent and Falcinella Kara
Bought by
Lazo Wilmer and Hernandez Tomas Vasallo
Seller's Agent
Christine Ubeda
Signature International RE
Buyer's Agent
Naylen Izquierdo-Abreu
Realty Hub
List Price
$619,000
Sold Price
$445,000
Premium/Discount to List
-$174,000
-28.11%
Views
83
Current Estimated Value
$444,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$303
Avg. Annual Appreciation
-0.03%
Original Mortgage
$436,939
Outstanding Balance
$425,488
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$19,209

Purchase Details

Listed on
Dec 11, 2020
Closed on
Feb 23, 2021
Sold by
Palmaseca Holdings Inc
Bought by
Falcinella Laurent and Falcinella Kara
Seller's Agent
Anamaria Prada
Scuttina Signature Real Estate Group, LLC
Buyer's Agent
Laurent Falcinella
Atlantic One Realty Group LLC
List Price
$299,000
Sold Price
$280,000
Premium/Discount to List
-$19,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.10%

Purchase Details

Closed on
Jan 28, 2014
Sold by
Manke Michael and Manke Tobi
Bought by
Palmaseca Holdings Llc

Purchase Details

Closed on
Mar 7, 2005
Sold by
Scott Donald J and Scott Shirley A
Bought by
Manke Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2003
Sold by
Scott Russel and Scott Elizabeth Anne
Bought by
Scott Donald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,800
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 1998
Sold by
Hirschhorn Andrew
Bought by
Scott Russel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,405
Interest Rate
7.19%
Mortgage Type
FHA
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
Lazo Wilmer $445,000 Signature Title Group
Falcinella Laurent $280,000 Florida Land Title Ins Llc
Falcinella Laurent $280,000 Florida Land Title
Palmaseca Holdings Llc $77,900 None Available
Manke Michael $152,000 First American Title Ins Co
Scott Donald J $87,000 Coast To Coast Title Inc
Scott Russel $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lazo Wilmer $436,939
Previous Owner Manke Michael $122,000
Previous Owner Scott Donald J $60,800
Previous Owner Scott Russel $43,405
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2023 06/21/23 Sold $445,000 -14.2% $390 / Sq Ft
01/29/2023 01/29/23 Price Changed $518,499 -12.0% $455 / Sq Ft
10/13/2022 10/13/22 Price Changed $589,000 -4.8% $517 / Sq Ft
09/14/2022 09/14/22 For Sale $619,000 +121.1% $543 / Sq Ft
02/23/2021 02/23/21 Sold $280,000 -6.4% $246 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
12/11/2020 12/11/20 For Sale $299,000 -- $262 / 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 $7,697 $345,851 -- --
2023 $6,801 $259,794 $0 $0
2022 $6,202 $236,176 $0 $0
2021 $4,025 $149,742 $75,600 $74,142
2020 $3,807 $143,393 $75,600 $67,793
2019 $3,483 $121,560 $56,700 $64,860
2018 $3,186 $111,842 $53,089 $58,753
2017 $2,948 $95,654 $42,471 $53,183
2016 $2,742 $81,080 $0 $0
2015 $2,568 $73,709 $0 $0
2014 -- $37,703 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10832062

BeachesMLS

APN: 38-43-44-21-15-129-0240