NOT LISTED FOR SALE

324 N Ocean Breeze Unit 1 Lake Worth, FL 33460

Parrot Cove Neighborhood

Estimated Value: $1,231,000 - $1,443,000

8 Beds
8 Baths
3,763 Sq Ft
$356/Sq Ft Est. Value

Last Sold August 14, 2021

Last sale price $965,000 $256 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $8,841/month

50 Days on Market

Highlights

  • Water Views
  • Marble Flooring
  • Balcony
  • Fruit Trees
  • Screened Porch
  • Bay Window

About This Home

As of August 2021

7.2% CAP at GRI 6% NOI..An incredible and rare opportunity to Acquire a Quad-Plex of CBS Block 2 Bedroom's/ 2 bathroom in an ''A+'' Location... Remodeled Condominium Apartments.These are 4 Strong, Perfectly designed and Large sized, Very well built 2/2's in Bryant Park.GRI. Currently $70,000.00.. Under Market Rents...2 X $1500.00 ( Market Est.: $1,675.00)2 X $1,400.00 ( Market Est. : $1,650.00)3 of the 4 units have been remodeled and ALL have Central AC, In-Unit Laundry, New Kitchens and 2 bathrooms. Rents are currently. below Market in an Extremely High Demand Area, 1 block from Intracoastal.East of US1/FederalLake Worth Beach:A Wonderfully Bohemian & Revitalized Coastal City... Between Palm Beach and Delray Beach... Art Galleries, Cafe's, Shops, Night

Last Agent to Sell the Property

Chad Lamar

Lamar Properties Inc License #3034936 Listed on: 05/25/2021

Last Buyer's Agent

William Cunningham III

Coldwell Banker Realty /Delray Beach License #3369482

Coldwell Banker Realty /Delray Beach

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,462

Year Built

  • Built in 1985

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced
  • Sprinkler System
  • Fruit Trees

HOA Fees

  • $1 per month

Property Views

  • Water
  • Garden

Home Design

  • Shingle Roof
  • Composition Roof
  • Built-Up Roof
  • Concrete Roof

Interior Spaces

  • 3,763 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Bay Window
  • Screened Porch

Flooring

  • Marble
  • Ceramic Tile

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • The lake is a source of water for the property
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 38434421151050030

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $13,250
  • Net Operating Income $56,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,462

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1 per month

Listing Details

  • Prop. Type: Residential Income
  • Directions: 1-95 to 6th Ave South ( Lake Worth Beach)East to Federal Highway - US1Left ( North ) 3 Blocks.Right on 3rd Avenue.Next Right onto Ocean Breeze Street.Halfway down street . Property on Left.East
  • Year Built: 1985
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Bay Window
  • Flooring: Ceramic Tile, Marble, Tile
  • Living Area: 3763.0
  • Window Features: Blinds, Drapes

Exterior Features

  • Exterior Features: Balcony, Fence, Fruit Trees, Porch
  • View: Garden, Water
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Porch, Screened
  • Property Condition: Resale
  • Roof: Built-Up, Composition, Concrete, Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Lake, Public

Condo/Co-op/Association

  • Association Fee: 1.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421151050030
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: MF-20(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 56750.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 13250.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9462.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Aug 12, 2021
Sold by
324 Lake Worth Llc
Bought by
324 Ocean Breeze Owner Llc
Seller's Agent
Chad Lamar
Lamar Properties Inc
Buyer's Agent
William Cunningham III
Coldwell Banker Realty /Delray Beach
List Price
$965,000
Sold Price
$965,000
Current Estimated Value
$1,338,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,478
Avg. Annual Appreciation
8.18%
Original Mortgage
$600,000
Outstanding Balance
$544,764
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$793,714

Purchase Details

Closed on
Apr 2, 2018
Sold by
Paglia Loreto and Paglia Mirella
Bought by
324 Lake Worth Llc
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
324 Ocean Breeze Owner Llc $965,000 Trident Title
324 Lake Worth Llc $595,000 Attorney
324 Lkae Wrth Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 324 Ocean Breeze Owner Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2021 08/14/21 Sold $965,000 0.0% $256 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $965,000 0.0% $256 / Sq Ft
01/02/2020 01/02/20 For Rent $1,500 +7.5% --
01/02/2020 01/02/20 Rented $1,395 0.0% --
12/14/2018 12/14/18 Rented $1,395 -7.0% --
11/14/2018 11/14/18 Under Contract -- -- --
05/03/2018 05/03/18 For Rent $1,500 -- --
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 $21,854 $913,698 -- --
2023 $22,451 $951,102 $285,423 $665,679
2022 $22,475 $937,658 $0 $0
2021 $10,047 $409,768 $137,750 $272,018
2020 $9,462 $382,150 $165,000 $217,150
2019 $10,060 $419,916 $165,000 $254,916
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chad Lamar

    Lamar Properties Inc

    (561) 305-4180

    1 in this area

    37 Total Sales

    Chad Lamar
    Section Image
  • William Cunningham III

    Buyer's Agent in 2021

    William Cunningham III

    Coldwell Banker Realty /Delray Beach

    (631) 275-7382

    3 in this area

    67 Total Sales

    William Cunningham III
    Section Image
  • Jane Thomas

    Seller's Agent in 2020

    Jane Thomas

    Coldwell Banker Realty

    (561) 602-6527

    52 Total Sales

    Jane Thomas
    Section Image
  • Blair Alshut

    Buyer's Agent in 2020

    Blair Alshut

    LPT Realty, LLC

    (561) 271-6847

    2 in this area

    68 Total Sales

    Blair Alshut
    Section Image
  • Ashley Alshut

    Buyer Co-Listing Agent in 2020

    Ashley Alshut

    LPT Realty, LLC

    (561) 271-6847

    2 in this area

    56 Total Sales

    Ashley Alshut
    Section Image

  • J

    Seller's Agent in 2018

    Jerry Ruff

    Inactive Member

See All Agents

Map

Source: BeachesMLS

MLS Number: R10718856

BeachesMLS

APN: 38-43-44-21-15-105-0030

Florida Palm Beach County Lake Worth 33460 Parrot Cove

324 N Ocean Breeze Unit 1, Lake Worth, FL

This home is located at 324 N Ocean Breeze Unit 1, Lake Worth, FL 33460 since 25 May 2021 and is currently estimated at $1,338,478, approximately $355 per square foot. This property was built in 1985. 324 N Ocean Breeze Unit 1 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.

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