NOT LISTED FOR SALE

3725 S Olive Ave West Palm Beach, FL 33405

Southland Park Neighborhood

Estimated Value: $1,383,000 - $1,464,170

8 Beds
4 Baths
3,500 Sq Ft
$404/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $1,337,500 $382 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,464/month

112 Days on Market

Highlights

  • Corner Lot
  • Ceramic Tile Flooring
  • Fenced
  • Patio
  • Central Heating and Cooling System

About This Home

As of March 2023

Fabulous opportunity to own and operate a gorgeous fully furnished quad in the rapidly gentrifying neighborhood of EL CID, South of Downtown and close to the Intracoastal. Numerous restaurants, wine and juice bars, and antique stores nearby. Each newly updated unit features 2 bedrooms with a walk-in closet, 1 bathroom, open kitchen with a sitting area, an open patio for lounging or entertaining and a fenced in yard with no HOA.

Last Listed By

Robert Guntmacher

The Corcoran Group License #3365074 Listed on: 11/17/2022

The Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,650

Year Built

  • Built in 1965

Lot Details

  • Fenced
  • Corner Lot

Home Design

  • Frame Construction

Interior Spaces

  • 3,500 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434334150000250

Community Details

Overview

  • 4 Units
  • Ests Of South Palm Beach Subdivision

Building Details

  • Operating Expense $35,000
  • Net Operating Income $140,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,650

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1965
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3500.0

Exterior Features

  • Exterior Features: Fence, Patio
  • Lot Features: Corner Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: 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 #: 74434334150000250
  • Zoning Description: MF20-C1

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 140000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 35000.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12650.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2024
Sold by
Cohen Orel
Bought by
Olives Luxury Rentals Llc
Total Days on Market
112
Current Estimated Value
$1,415,543

Purchase Details

Listed on
Nov 17, 2022
Closed on
Mar 10, 2023
Sold by
Pelican Investment Group Llc
Bought by
Cohen Orel
Seller's Agent
Robert Guntmacher
The Corcoran Group
List Price
$1,695,000
Sold Price
$1,337,500
Premium/Discount to List
-$357,500
-21.09%
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.58%
Original Mortgage
$950,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2022
Sold by
Ledgard Jet Z
Bought by
Pelican Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2004
Sold by
Wells Fargo Bank Minnesota Na
Bought by
Ledgard Jet Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2001
Sold by
Hutchinson Evelyn P
Bought by
Schmidtchen Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
10.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 7, 1997
Sold by
Hutchinson Evelyn P
Bought by
Walden Ashley B

Purchase Details

Closed on
Aug 6, 1997
Sold by
Walden Ashley B
Bought by
Hutchinson Evelyn P

Purchase Details

Closed on
Apr 25, 1996
Sold by
Pr Ira Walden
Bought by
Walden Ira
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Olives Luxury Rentals Llc -- None Listed On Document
Cohen Orel $1,337,500 Guaranteed Florida Title
Pelican Investment Group Llc $1,048,500 --
Ledgard Jet Z $288,000 Watson Title Insurance Inc
Schmidtchen Jeffrey $62,500 Universal Land Title Inc
Schmidtchen Jeffrey $187,500 Universal Land Title Inc
Walden Ashley B $100 --
Hutchinson Evelyn P $100 --
Walden Ira $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cohen Orel $950,000
Previous Owner Pelican Investment Group Llc $850,000
Previous Owner Ledgard Jet Z $195,000
Previous Owner Ledgard Jet Z $201,600
Previous Owner Schmidtchen Jeffrey $37,500
Previous Owner Schmidtchen Jeffrey $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $1,337,500 -17.9% $382 / Sq Ft
01/13/2023 01/13/23 Price Changed $1,629,000 -3.9% $465 / Sq Ft
11/17/2022 11/17/22 For Sale $1,695,000 -- $484 / 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 $11,423 $1,033,301 -- --
2023 $20,731 $966,823 $523,809 $443,014
2022 $12,650 $476,315 $0 $0
2021 $10,709 $506,994 $300,000 $206,994
2020 $9,429 $393,649 $216,000 $177,649
2019 $9,920 $446,278 $276,000 $170,278
2018 $8,507 $381,058 $241,800 $139,258
2017 $8,001 $377,196 $193,440 $183,756
2016 $7,396 $296,825 $0 $0
2015 $7,097 $269,841 $0 $0
2014 $6,412 $245,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Guntmacher

    Seller's Agent in 2023

    Robert Guntmacher

    The Corcoran Group

    (561) 870-8193

    1 in this area

    36 Total Sales

    Robert Guntmacher
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10846540

BeachesMLS

APN: 74-43-43-34-15-000-0250

Florida Palm Beach County West Palm Beach 33405 Southland Park

3725 S Olive Ave, West Palm Beach, FL

This home is located at 3725 S Olive Ave, West Palm Beach, FL 33405 since 17 November 2022 and is currently estimated at $1,415,543, approximately $404 per square foot. This property was built in 1965. 3725 S Olive Ave is a home located in Palm Beach County with nearby schools including Palmetto Elementary 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.

Nearby Homes