NOT LISTED FOR SALE

3642 Melaleuca Ln Lake Worth, FL 33461

Lake Worth Corridor Neighborhood

Estimated Value: $420,081 - $493,000

4 Beds
2 Baths
1,720 Sq Ft
$266/Sq Ft Est. Value

Last Sold June 13, 2024

Last sale price $425,000 $247 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,036/month

38 Days on Market

Highlights

  • Patio
  • Central Heating and Cooling System
  • Fenced
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of June 2024

''Opportunity knocks at the heart of Lake Worth with this charming duplex, located at 3642 Melaleuca Ln. Boasting long-term tenants in place, this property offers smart investors the chance to secure a steady income stream without the oversight of an HOA. Each unit in this 860 square foot multi-family home promises a cozy living space, waiting for a touch of TLC to unlock its full potential.Please note, this is a tenanted property, and we kindly ask that their privacy and peace are respected - do not disturb the tenants. For more information and to discuss the boundless possibilities this investment opportunity offers, please reach out without delay.''

Last Agent to Sell the Property

Trevor Forbes

Sutter & Nugent LLC License #3107886 Listed on: 05/05/2024

Sutter & Nugent LLC

Co-Listed By

Lisa Bahr

Serhant License #3507579

Last Buyer's Agent

Charles Campbell

Purple Cow Realty LLC License #3222221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,070

Year Built

  • Built in 1981

Lot Details

  • 0.3 Acre Lot
  • Fenced

Home Design

  • Duplex
  • Fixer Upper
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,720 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00434430011070012

Community Details

Overview

  • 2 Units
  • Palm Beach Farms Co 7 Subdivision

Building Details

  • Operating Expense $5,700
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,070

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1981
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Ceramic Tile
  • Living Area: 1720.0

Exterior Features

  • Exterior Features: Fence, Patio
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale, Fixer
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, 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
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00434430011070012
  • Lot Size: 135.0 ft x 95.0 ft
  • Lot Size Sq Ft: 12865.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 24000.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5700.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5070.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2024
Closed on
Jun 13, 2024
Sold by
Vassalotti Franca and Marino Mark
Bought by
Campbell Brian
Seller's Agent
Trevor Forbes
Sutter & Nugent LLC
Buyer's Agent
Charles Campbell
Purple Cow Realty LLC
List Price
$425,000
Sold Price
$425,000
Views
8
Current Estimated Value
$457,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,270
Avg. Annual Appreciation
4.18%
Original Mortgage
$318,750
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2018
Sold by
Vassalotti Franca and Estate Of Carmela Marino
Bought by
Vassalotti Franca and Marino Francis

Purchase Details

Closed on
Oct 28, 1994
Sold by
Converse Harry L and Converse Hettie
Bought by
Marino Frank R and Marino Carmella
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
Campbell Brian $425,000 Cla Title & Escrow
Campbell Brian -- Cla Title & Escrow
Vassalotti Franca -- Attorney
Marino Frank R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campbell Brian $318,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2024 06/13/24 Sold $425,000 0.0% $247 / Sq Ft
05/06/2024 05/06/24 For Sale $425,000 -- $247 / 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 $6,587 $311,625 -- --
2023 $5,070 $184,492 $182,097 $169,233
2022 $4,743 $167,720 $0 $0
2021 $4,209 $252,669 $130,068 $122,601
2020 $3,795 $212,844 $100,000 $112,844
2019 $3,754 $217,973 $100,000 $117,973
2018 $3,191 $199,784 $96,390 $103,394
2017 $2,762 $153,180 $48,195 $104,985
2016 $2,483 $94,674 $0 $0
2015 $2,399 $86,067 $0 $0
2014 $2,179 $78,243 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Trevor Forbes

    Seller's Agent in 2024

    Trevor Forbes

    Sutter & Nugent LLC

    (561) 723-6708

    1 in this area

    29 Total Sales

    Trevor Forbes
    Section Image

  • L

    Seller Co-Listing Agent in 2024

    Lisa Bahr

    Serhant

    (561) 249-7266

    1 in this area

    25 Total Sales

    Lisa Bahr
    Section Image

  • C

    Buyer's Agent in 2024

    Charles Campbell

    Purple Cow Realty LLC

    (855) 456-4945

    1 in this area

    381 Total Sales

    Charles Campbell
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10984645

BeachesMLS

APN: 00-43-44-30-01-107-0012

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

3642 Melaleuca Ln, Lake Worth, FL

This home is located at 3642 Melaleuca Ln, Lake Worth, FL 33461 since 05 May 2024 and is currently estimated at $457,270, approximately $265 per square foot. This property was built in 1981. 3642 Melaleuca Ln is a home located in Palm Beach County with nearby schools including Lake Worth High School, Starlight Cove Elementary School, and Tradewinds 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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