$44,000
SOLD JUL 9, 2014
2 Beds
1 Bath
690 Sq Ft
10,149 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

12% Below List Price

185 Days on Market

Highlights

  • 2 Car Detached Garage
  • No Heating
  • 1-Story Property
  • West Facing Home

About This Home

As of July 2016

Little house on the prairie! Well, not quite... But certainly an endearing home on an uncommonly large parcel in the heart of charming Lake Worth. This triple lot is a unique find, a sprawling tract of land. The house itself requires substantial rehab work, but for industrious profiteers with sufficient skills and time, it's sure to be a highly rewarding renovation project. The all important component of a great location, North side of town, makes this purchase poised for rapid appreciation. Walking distance to a wide array of specialty stores, affordable restaurants, and popular bars. Biking distance to the beach. This is a classic sweat equity opportunity in a city where astute investors recognize the profoundly fertile ground for making lots of money. Gold rush days once again.

Last Agent to Sell the Property

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 12/05/2013

Last Buyer's Agent

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 12/05/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $608

Year Built

  • Built in 1925

Lot Details

  • West Facing Home
  • Property is zoned SFTF14

Parking

  • 2 Car Detached Garage

Home Design

  • Frame Construction

Interior Spaces

  • 690 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • No Heating

Community Details

  • Lake Worth Town Of In Pb Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38434421150800090

Home Details

Home Type

Single Family

Est. Annual Taxes

$608

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Take Lucerne Avenue to North F Street and turn North. Property is on East side of street.
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: None
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Other
  • Living Area: 690.0
  • Stories: 1

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame
  • Direction Faces: West

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Detached, Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 38434421150800090
  • Zoning Description: SFTF14

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 608.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2016
Closed on
Jul 8, 2016
Sold by
Palm Beach Finest Properties Llc
Bought by
Jacks Realty Llc
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Christiana Nardozzi
Nardozzi Homes
List Price
$125,000
Sold Price
$107,000
Premium/Discount to List
-$18,000
-14.4%
Current Estimated Value
$327,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,066
Avg. Annual Appreciation
12.65%
Interest Rate
3.45%

Purchase Details

Closed on
Oct 20, 2015
Sold by
Gomez Decruz Magda
Bought by
Palm Beach Finest Properties Llc

Purchase Details

Listed on
Dec 5, 2013
Closed on
Jul 9, 2014
Sold by
Armstrong Nancy L and Auduchon Theodore
Bought by
Decruz Magda Gomez
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Bret Taylor
Southdale Properties Inc.
List Price
$49,900
Sold Price
$44,000
Premium/Discount to List
-$5,900
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.50%

Purchase Details

Closed on
Dec 13, 2001
Sold by
Household Finance Corp Iii
Bought by
Armstrong Nancy L

Purchase Details

Closed on
Oct 2, 2001
Sold by
Jimenez Ernesto and Jimenez Andrea D
Bought by
Household Finance Corp Iii

Purchase Details

Closed on
Nov 22, 1994
Sold by
Ellis John P
Bought by
Jimenez Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
9.01%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $107,000 None Available
Quit Claim Deed -- None Available
Warranty Deed $44,000 Attorney
Special Warranty Deed $43,500 --
Trustee Deed -- --
Warranty Deed $52,900 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $183,750 Unknown
Open $610,500 Commercial
Previous Owner -- No Value Available
Previous Owner $49,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2020 03/14/20 Rented $1,585 -3.6% --
02/13/2020 02/13/20 Under Contract -- -- --
01/21/2020 01/21/20 For Rent $1,645 +11.5% --
05/13/2019 05/13/19 For Rent $1,475 -15.7% --
05/13/2019 05/13/19 Rented $1,750 +42.9% --
09/14/2016 09/14/16 Rented $1,225 -15.5% --
08/15/2016 08/15/16 Under Contract -- -- --
08/07/2016 08/07/16 For Rent $1,450 0.0% --
07/08/2016 07/08/16 Sold $107,000 -14.4% $155 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $125,000 +184.1% $181 / Sq Ft
07/09/2014 07/09/14 Sold $44,000 -11.8% $64 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
12/05/2013 12/05/13 For Sale $49,900 -- $72 / 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 $5,382 $189,515 -- --
2023 $5,166 $172,286 $0 $0
2022 $4,334 $156,624 $0 $0
2021 $3,889 $150,670 $72,500 $78,170
2020 $3,615 $139,303 $65,000 $74,303
2019 $3,405 $134,553 $65,000 $69,553
2018 $3,030 $115,840 $53,032 $62,808
2017 $2,745 $97,251 $44,193 $53,058
2016 $1,907 $61,867 $0 $0
2015 $1,540 $44,644 $0 $0
2014 $739 $29,737 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R9998806

BeachesMLS

APN: 38-43-44-21-15-080-0090