NOT LISTED FOR SALE

3601 S Olive Ave Unit 1 & 2 West Palm Beach, FL 33405

Southland Park Neighborhood

Estimated Value: $817,482

4 Beds
2 Baths
1,744 Sq Ft
$469/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $689,000 $395 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,626/month

17 Days on Market

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Palm Beach Public School Rated A-
  • Patio
  • Ceiling Fan

About This Home

As of March 2022

Are you ready for a fabulous investment in Real Estate? The 2 units in this duplex are totally separate in the corner of S. Olive Avenue and Monroe Dr., and enviably located inside the desirable historic area of Southland Park, close to fabulous restaurants, Antique Row, the Intracoastal, Palm Beach island, and many more places of interest.Built in 1979, each unit consists of 2 bedrooms, 1 bath w/window and a light kitchen also with window. Ample living and dining , ceiling fans throughout, washer and dryer and a private open patio and porch. WOW! BRING THE GRILL! The water sprinkler system, electric and water meters are all separate. Unit 2 also has a carport & driveway. It's an investment with many possibilities and currently a source of seasonal and/or annual rental income.

Last Agent to Sell the Property

Zoila Khouri

Keller Williams Realty/P B License #508106 Listed on: 01/26/2022

Keller Williams Realty/P B

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,504

Year Built

  • Built in 1979

Lot Details

  • 5,460 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,744 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Garden Views

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434334090110010

Community Details

Overview

  • 2 Units
  • Southland Park Subdivision

Building Details

  • Operating Expense $2,000
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,504

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Corner of S. Olive Ave. & Monroe Dr.Unit 1 faces S. Olive Ave.Unit 2 faces Monroe Dr.
  • Year Built: 1979
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1744.0

Exterior Features

  • Exterior Features: Fence, Patio
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Lot Info

  • Parcel #: 74434334090110010
  • Lot Size Sq Ft: 5460.0
  • Zoning Description: SF14(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 30000.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8504.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2022
Closed on
Mar 4, 2022
Sold by
Bha Rentals Llc
Bought by
Gallagher Loretta A and Gallagher Robert L
Seller's Agent
Zoila Khouri
Keller Williams Realty/P B
List Price
$689,000
Sold Price
$689,000
Total Days on Market
17
Current Estimated Value
$817,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,482

Purchase Details

Closed on
Nov 18, 2020
Sold by
Bha Properties Llc
Bought by
Bha Properties Llc and Bha Rentals Llc

Purchase Details

Closed on
Jun 30, 2015
Sold by
Eljaiek Nury and Eljaiek Jolinda
Bought by
Bha Properties Llc

Purchase Details

Closed on
Apr 15, 2013
Sold by
Eljaiek Jolinda
Bought by
Eljaiek Nury

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,700
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2003
Sold by
Eljaiek Nury and Eljaiek Jolinda
Bought by
Eljaiek Jolinda and Jolinda Eljaiek Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 17, 2003
Sold by
Eljaiek Jolinda
Bought by
Eljaiek Nury

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 1998
Sold by
Jolinda Tr And Nury Eljaiek
Bought by
Eljaiek Jolinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,800
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 1996
Sold by
Eljaiek Nury and Eljaiek Jolinda Eljaiek
Bought by
Eljaiek Jolinda
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 Buyer Sale Price Title Company
Gallagher Loretta A $689,000 Patch Reef Title
Bha Properties Llc $270,000 First American Title Ins Co
Eljaiek Nury -- Attorney
Eljaiek Jolinda -- --
Eljaiek Nury -- Statewide Title Corp
Eljaiek Jolinda $100 --
Eljaiek Jolinda $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eljaiek Nury $86,700
Previous Owner Eljaiek Nury $100,000
Previous Owner Eljaiek Jolinda $65,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $689,000 0.0% $395 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $689,000 -- $395 / 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 $12,443 $608,355 -- --
2023 $11,594 $553,050 $553,050 $0
2022 $10,030 $385,774 $0 $0
2021 $8,504 $397,381 $250,000 $147,381
2020 $7,615 $328,074 $180,000 $148,074
2019 $7,377 $345,553 $230,000 $115,553
2018 $6,389 $299,655 $200,000 $99,655
2017 $5,651 $239,535 $105,000 $134,535
2016 $5,290 $218,535 $0 $0
2015 $5,258 $186,008 $0 $0
2014 -- $169,098 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Zoila Khouri

    Seller's Agent in 2022

    Zoila Khouri

    Keller Williams Realty/P B

    (561) 656-2929

    1 in this area

    7 Total Sales

    Zoila Khouri
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Map

Source: BeachesMLS

MLS Number: R10772462

BeachesMLS

APN: 74-43-43-34-09-011-0010

Florida Palm Beach County West Palm Beach 33405 Southland Park

3601 S Olive Ave Unit 1 & 2, West Palm Beach, FL

This home is located at 3601 S Olive Ave Unit 1 & 2, West Palm Beach, FL 33405 since 26 January 2022 and is currently estimated at $817,482, approximately $468 per square foot. This property was built in 1979. 3601 S Olive Ave Unit 1 & 2 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High 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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