NOT LISTED FOR SALE

331 S M St Lake Worth, FL 33460

Downtown Jewel Neighborhood
2 Beds
1 Bath
1,708 Sq Ft
3,375 Sq Ft Lot

Last Sold February 28, 2014

Last sale price $128,331 $75 Per Sq Ft

139 Days on Market

Highlights

  • Wood Flooring
  • Wood Frame Window
  • Cooling System Mounted To A Wall/Window
  • Garden View
  • Porch
  • Open Patio

About This Home

As of February 2014

Two single-family homes on one lot, zoned multi-family. Front house is a 2 bedroom/1 bath 1,128 sq. ft. Rear house is also a 2 bedroom/1 bath 1,536 sq. ft.Rear house includes a 2 car garage. Front house rents for $800 per month, back house rents for $700 per month, one of the garage spaces rented out separately for $110 per month. All tenants on a month to month basis. Both houses under termite warranty. Annual total expense listed includes debt service and taxes. Please do not go on property without a showing appointment. Great location, walking distance to downtown Lake Worth and Bryant Park. Washer/Dryer belong to the tenant and do not convey. SELLING AS-IS, CASH BUYER ONLY.

Last Agent to Sell the Property

Keith Korpi

Coastal Classic Realty License #3089591 Listed on: 09/11/2013

Last Buyer's Agent

Eloise Wexler

Florida's Best Realty Services License #3043037

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,978

Year Built

  • Built in 1925

Lot Details

  • 3,375

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,708 Sq Ft Home
  • 2-Story Property
  • Awning
  • Single Hung Metal Windows
  • Wood Frame Window
  • Garden Views

Flooring

  • Wood
  • Parquet

Outdoor Features

  • Open Patio
  • Porch

Additional Features

  • 3,375 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Total Actual Rent $19,320
  • Rent includes electricity, gas
  • Assessor Parcel Number 38434421151110320

Community Details

Overview

  • 2 Units
  • Town Of Lake Worth Subdivision

Building Details

  • Operating Expense $13,934
  • Net Operating Income $5,386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,978

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 6th Avenue South to South M Street, go North to property on left on the corner of 4th Avenue South and South M Street.
  • Year Built: 1925
  • Unit Levels: Two
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Parquet, Wood
  • Living Area: 1708.0
  • Window Features: Metal, Single Hung, Wood Frames

Exterior Features

  • Exterior Features: Porch, Awning(s)
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Patio And Porch Features: Open, Porch
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gas
  • Senior Community: No

Lot Info

  • Parcel #: 38434421151110320
  • Lot Size Sq Ft: 3375.0
  • Zoning Description: MF20
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 5386.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 13934.0
  • Total Actual Rent: 19320.0

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2978.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2014 02/28/14 Sold $128,331 -24.5% $75 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
09/11/2013 09/11/13 For Sale $169,900 -- $99 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Keith Korpi

    Seller's Agent in 2014

    Keith Korpi

    Coastal Classic Realty

    (561) 523-2624

    2 in this area

    114 Total Sales

    Keith Korpi
    Section Image
  • Eloise Wexler

    Buyer's Agent in 2014

    Eloise Wexler

    Florida's Best Realty Services

    (561) 305-1108

    13 Total Sales

    Eloise Wexler
    Section Image
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Map

Source: BeachesMLS

MLS Number: R9976686

BeachesMLS

APN: 38-43-44-21-15-111-0320

Florida Palm Beach County Lake Worth 33460 Downtown Jewel

331 S M St, Lake Worth, FL

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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