$114,000
SOLD MAR 29, 2013

332 W Ocean Ave Unit 1 Lantana, FL 33462

Ocean Heights Neighborhood
-- Bed
-- Bath
1,600 Sq Ft
5,750 Sq Ft Lot

Recently Sold

$71 Per Sq Ft

9% Above List Price

28 Days on Market

About This Home

As of March 2013

Great income property. Live in one unit and live in the other. Property is minutes from the ocean and walking distance to local attractions and shops. This is a Fannie Mae Homepath property. Purchase for as little as 3% down. Homepath Renovation.

Last Agent to Sell the Property

Jean Marseille

Legacy Realty & Development License #3122740 Listed on: 01/29/2013

Last Buyer's Agent

Jonathan Dolphus

EXP Realty LLC License #3238760

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,193

Year Built

  • Built in 1977

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $18,000
  • Rent includes electricity, water
  • Assessor Parcel Number 40434503100150090

Community Details

Overview

  • 4 Units
  • Lantana Amd Subdivision

Building Details

  • Operating Expense $10,000
  • Net Operating Income $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,193

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 95 to Lantana Rd S on Broadway E on ocean
  • Year Built: 1977
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1600.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 40434503100150090
  • Zoning Description: R15

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 8000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 10000.0
  • Total Actual Rent: 18000.0

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 2193.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2013
Closed on
Mar 28, 2013
Sold by
Federal National Mortgage Association
Bought by
Max Simon Properties Llc
Seller's Agent
Jody Mindell
Signature International RE
Sold Price
$1,150
Current Estimated Value
$478,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,057
Avg. Annual Appreciation
11.97%

Purchase Details

Closed on
Aug 1, 2012
Sold by
Washburn Scott A and Lourmais Patricia
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 14, 1994
Sold by
Washburn Scott A
Bought by
Washburn Scott A and Lourmais Patricia J

Purchase Details

Closed on
Oct 27, 1993
Sold by
Fed Natl Mtg Assn
Bought by
Washburn Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,600
Interest Rate
6.95%

Purchase Details

Closed on
Aug 10, 1993
Sold by
Clerk Circuit Court
Bought by
Natl State Bk

Purchase Details

Closed on
Aug 6, 1993
Sold by
Natl State Bk
Bought by
Fed Natl Mtg Assn
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
Special Warranty Deed $114,000 New House Title Llc
Trustee Deed -- None Available
Quit Claim Deed -- --
Deed $60,700 --
Deed $36,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $122,500 Unknown
Previous Owner $54,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2013 05/06/13 For Rent $1,150 0.0% --
05/06/2013 05/06/13 Rented $1,150 0.0% --
03/29/2013 03/29/13 Sold $114,000 +8.6% $71 / Sq Ft
02/27/2013 02/27/13 Pending -- -- --
01/29/2013 01/29/13 For Sale $105,000 -- $66 / 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 $6,748 $256,100 -- --
2023 $5,865 $232,818 $0 $0
2022 $5,711 $211,653 $0 $0
2021 $4,957 $217,418 $108,000 $109,418
2020 $4,689 $210,347 $92,000 $118,347
2019 $4,369 $191,048 $80,000 $111,048
2018 $3,977 $180,200 $84,200 $96,000
2017 $3,359 $131,420 $67,360 $64,060
2016 $3,643 $143,792 $0 $0
2015 $3,434 $130,720 $0 $0
2014 $3,852 $148,711 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jean Marseille

    Legacy Realty & Development

    (561) 244-2585

    28 Total Sales

    Section Image

  • J

    Seller's Agent in 2013

    Jody Mindell

    Signature International RE

    3 Total Sales

    Section Image
  • Jonathan Dolphus

    Buyer's Agent in 2013

    Jonathan Dolphus

    EXP Realty LLC

    (561) 629-6561

    40 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R3341484

BeachesMLS

APN: 40-43-45-03-10-015-0090

Florida Palm Beach County Lantana 33462 Ocean Heights

332 W Ocean Ave Unit 1, Lantana, FL

This home is located at 332 W Ocean Ave Unit 1, Lantana, FL 33462 and is currently priced at $114,000, approximately $71 per square foot. This property was built in 1977. 332 W Ocean Ave Unit 1 is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Lake Worth High School, and Lantana 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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