NOT LISTED FOR SALE

327 Silver Beach Rd Lake Park, FL 33403

Lake Park Area

Estimated Value: $606,000 - $729,000

7 Beds
4 Baths
2,848 Sq Ft
$239/Sq Ft Est. Value

Sale Details

Date Sold: April 25, 2022

Last sale price $660,000 $232 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,769 / mo

4 Days on Market

Highlights

  • Outdoor Living Area
  • Porch
  • Park
  • No HOA
  • Community Playground
  • Picnic Area

About This Home

As of April 2022

4 unit property (three 2/1s and one 1/1) in very good condition. Two of the four units remodeled within the past 6 months. Property is located in Lake Park within a short commute to the employment centers of St. Mary's Medical Center, The Port of Palm Beach, and Downtown West Palm Beach. Property features: - Concrete block (CBS) construction
- New hip roof replaced with last 12 months
- All units have central AC
- All tenants separately metered for electric, landlord pays for water (one water meter)
- Ample parking with 7 striped spaces and additional unstriped spaces on the lot All units will be delivered with month-to-month leases in place, affording the new owner options to bring units to market or keep the current tenants in place.

Last Agent to Sell the Property

Jesse Bailey

49 Units, LLC License #3227469 Listed on: 03/14/2022

Last Buyer's Agent

Ravi Mohanka

Sainaam Realty & Investment License #3034455

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,467

Year Built

  • Built in 1970

Lot Details

  • 9,777 Sq Ft Lot
  • Fenced

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4 Bathrooms
  • 2,848 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Outdoor Features

  • Outdoor Living Area
  • Porch

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 36434220010670370

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Kelsey City Subdivision

Amenities

  • Picnic Area

Recreation

  • Community Playground
  • Park

Building Details

  • Gross Income $58,080
  • Net Operating Income $48,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,467

Year Built

Built in 1970

Lot Details

9,777 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: US 1 to Silver Beach Road, Take SBR west. Property is on north side of street.
  • Year Built: 1970
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2848.0

Exterior Features

  • Exterior Features: Outdoor Living Area
  • Fencing: Fenced
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Porch
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Picnic Area, Playground, Park, Sidewalks
  • Association: No

Lot Info

  • Parcel #: 36434220010670370
  • Lot Size Acres: 0.22
  • Lot Size: 75.0 ft x 130.0 ft
  • Mobile Dim Units: Feet
  • Zoning: R2(cit

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Property Net Operating Income: 48372.0
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 58080.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6467.16

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2022
Closed on
Apr 25, 2022
Sold by
Bought by
Seller's Agent
Jesse Bailey
49 Units, LLC
Buyer's Agent
Ravi Mohanka
Sainaam Realty & Investment
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Current Estimated Value
$679,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,817
Avg. Annual Appreciation
0.70%
Original Mortgage
$495,000
Outstanding Balance
$384,625
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$295,192

Purchase Details

Closed on
Aug 22, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$660,000 New Title Company Name
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $495,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/25/2022 04/25/22 Sold $660,000 +1.5% $232 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $650,000 -- $228 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $12,428 $466,567
2024 $12,428 $463,660
2023 $13,233 $507,414 $108,885 $398,529
2022 $7,626 $229,823 $0 $0
2021 $6,467 $240,811 $56,100 $184,711
2020 $6,149 $233,486 $68,850 $164,636
2019 $5,865 $233,486 $68,850 $164,636
2018 $5,186 $194,119 $48,907 $145,212
2017 $5,033 $182,279 $43,667 $138,612
2016 $4,779 $129,729 $0 $0
2015 $4,470 $117,935 $0 $0
2014 $4,139 $107,214 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jesse Bailey

    Seller's Agent in 2022

    Jesse Bailey

    49 Units, LLC

    (561) 318-3337

    31 Total Sales

    Jesse Bailey
    Section Image
  • Ravi Mohanka

    Buyer's Agent in 2022

    Ravi Mohanka

    Sainaam Realty & Investment

    (561) 714-1196

    318 Total Sales

    Ravi Mohanka
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10783604

BeachesMLS (Greater Fort Lauderdale)

APN: 36-43-42-20-01-067-0370

Florida Palm Beach County Lake Park 33403

327 Silver Beach Rd, Lake Park, FL

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BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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