NOT LISTED FOR SALE

3675 S 57th Ave Greenacres, FL 33463

Estimated Value: $1,357,000 - $1,386,000

-- Bed
1 Bath
5,552 Sq Ft
$247/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $995,000 $179 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $10,991/month

125 Days on Market

Highlights

  • Water Views
  • Open Patio
  • Central Heating and Cooling System
  • Porch
  • Ceramic Tile Flooring
  • 1-minute walk to Rambo Park

About This Home

As of March 2021

Cap Rate 6.3%Taxes $10478 for both buildings. 2 INDIVIDUAL BUILDINGS WITH 6 SEPARATE UNITS (3675 S 57TH AVE AND 3701 S 57TH AVENUE) BEING SOLD TOGETHER. BOTH BUILDINGS WITH NEW ROOFS. ALL UNITS WITH CENTRAL A/C's. TILE FLOORING, DISHWASHERS, IN UNIT WASHER/DRYER/HOOKUP, NEW LANDSCAPE, NEW EXTERIOR PAINT ON BOTH BUILDINGS. EASY RENTALS, LOOK NO FURTHER FOR GREAT RETURN ON YOUR INVESTMENT. RENT ROLL UPSIDE BASED ON CURRENT RENTAL COMPS. ALL UNITS WITH ASSIGNED 4 OFF STREET PARKING. TAXES AND SQ FOOTAGE IS FOR BOTH BUILDINGS. CONVENIENTLY LOCATED TO STORES, RAMBO PARK, AND SHORT DRIVE TO THE AIRPORT SELLER FINANCING AVAILABLE. PLEASE INQUIRE WITH AGENT. GREAT ADDITION TO YOUR PORTFOLIO OR FIRST TIME INVESTMENT PROPERTY!! EASY SELLER FINANCING TERMS AVAILABLE TO QUALIFIED BUYER(s).

Last Agent to Sell the Property

Joanne Togati

RE/MAX Select Group License #SL3459589 Listed on: 10/21/2020

RE/MAX Select Group

Co-Listed By

Myles Minns

Continental Properties, Inc. License #501036

Last Buyer's Agent

Ron Jenkins

Inactive Member License #693132

Inactive Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,137

Year Built

  • Built in 1979

Lot Details

  • 8,725

HOA Fees

  • $3,000 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,552 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Water Views

Outdoor Features

  • Open Patio
  • Porch

Additional Features

  • 8,725 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 18424423080010210

Community Details

Overview

  • 3 Units
  • Villa Del Trio Subdivision

Building Details

  • Operating Expense $15,458
  • Net Operating Income $62,902

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,137

Year Built

Built in 1979

Lot Details

0

HOA Fees

$3,000 per month

Listing Details

  • Prop. Type: Residential Income
  • Directions: LAKE WORTH ROAD TO S 57TH AVE, PROPERTY WILL BE ON YOUR LEFT
  • Year Built: 1979
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 5552.0

Exterior Features

  • Exterior Features: Porch
  • View: Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 3000.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 18424423080010210
  • Lot Size Sq Ft: 8725.0
  • Zoning Description: RM-1(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 62902.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 15458.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5137.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Mar 25, 2021
Sold by
Ettman Jonathan and Ettman Laura
Bought by
Palm Club 3636 Llc
Seller's Agent
Joanne Togati
RE/MAX Select Group
Buyer's Agent
Ron Jenkins
Inactive Member
List Price
$995,000
Sold Price
$995,000
Current Estimated Value
$1,371,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,500
Avg. Annual Appreciation
7.24%
Original Mortgage
$745,000
Outstanding Balance
$670,081
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$701,419

Purchase Details

Closed on
Sep 19, 2011
Sold by
Ettman Jonathan and Ettman Laura
Bought by
Ettman Jonathan and Ettman Laura

Purchase Details

Closed on
Sep 16, 1997
Sold by
Pearson Paul S An Cheryl A
Bought by
Ettman Jonathan and Ettman Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Palm Club 3636 Llc $995,000 Accommodation
Ettman Jonathan -- None Available
Ettman Jonathan $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palm Club 3636 Llc $745,000
Previous Owner Ettman Jonathan $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2021 03/26/21 Sold $995,000 0.0% $179 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
10/21/2020 10/21/20 For Sale $995,000 -- $179 / 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 $9,739 $450,626 -- --
2023 $9,335 $428,513 $0 $0
2022 $8,552 $389,557 $0 $0
2021 $5,832 $309,881 $120,000 $189,881
2020 $5,379 $278,234 $120,000 $158,234
2019 $5,140 $271,041 $120,000 $151,041
2018 $4,218 $212,979 $56,250 $156,729
2017 $3,502 $181,286 $45,000 $136,286
2016 $3,048 $131,529 $0 $0
2015 $3,054 $125,264 $0 $0
2014 $2,836 $113,876 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joanne Togati

    Seller's Agent in 2021

    Joanne Togati

    RE/MAX

    (305) 563-0075

    1 in this area

    3 Total Sales

    Joanne Togati
    Section Image
  • Myles Minns

    Seller Co-Listing Agent in 2021

    Myles Minns

    Continental Properties, Inc.

    (732) 207-3141

    4 in this area

    105 Total Sales

    Myles Minns
    Section Image

  • R

    Buyer's Agent in 2021

    Ron Jenkins

    Inactive Member

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10665207

BeachesMLS

APN: 18-42-44-23-08-001-0210

Florida Palm Beach County Greenacres 33463

3675 S 57th Ave, Greenacres, 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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