NOT LISTED FOR SALE

3838 7th Ave N Lake Worth, FL 33461

Palm Springs Village Neighborhood

Estimated Value: $620,000 - $1,789,000

15 Beds
6 Baths
5,415 Sq Ft
$212/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $855,000 $158 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,629/month

2 Days on Market

Highlights

  • Water Views
  • Porch
  • Shed
  • 27,790 Sq Ft lot
  • Open Patio
  • Tile Flooring

About This Home

As of November 2021

Outstanding multifamily investment opportunity. Enjoy 100% occupancy from day one. Each unit has been immaculately kept as illustrated in the photos. This opportunity includes 3 sperate duplexes which are nicely position on a 27,790 square foot lot. The property comes complete with 15 parking spaces, hurricane panels and each of the 6 units have separate electric & water meters. The irrigation system has been updated and runs on well water. Four units have 2019 or newer AC system and water heaters. Each units include it's own private large outdoor space. Unit numbers include 3838, 3840, 3842, 3844, 3846, & 3848 7th Ave N.

Last Agent to Sell the Property

Christopher Bohn

The Keyes Company License #3308649 Listed on: 10/10/2021

The Keyes Company

Last Buyer's Agent

Christopher Bohn

The Keyes Company License #3308649 Listed on: 10/10/2021

The Keyes Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,179

Year Built

  • Built in 1972

Lot Details

  • 0.64 Acre Lot
  • Sprinkler System

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,415 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Water Views

Outdoor Features

  • Open Patio
  • Shed
  • Porch

Utilities

  • Central Heating and Cooling System
  • Well
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 70434419100000170

Community Details

Overview

  • 4 Units
  • Kirkview Subdivision

Building Details

  • Operating Expense $27,540
  • Net Operating Income $64,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,179

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From I95 go west on 10th ave north. Turn left on Gulfstream Rd. take 2nd right onlto 7th ave N.
  • Year Built: 1972
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Other, Tile
  • Living Area: 5415.0

Exterior Features

  • Exterior Features: Porch, Patio, Shed
  • View: Other, Water
  • Lot Features: Sprinklers Automatic
  • Pool Features: None
  • Waterfront: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, 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, Well

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 70434419100000170
  • Lot Size Sq Ft: 27790.0
  • Zoning Description: RM(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 64260.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 27540.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10179.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2023
Sold by
Mirza Home And Construction Company
Bought by
Mirzadeh Development Group Llc
Current Estimated Value
$1,146,835

Purchase Details

Listed on
Oct 10, 2021
Closed on
Nov 12, 2021
Sold by
V & G Real Estate Rentals Llc
Bought by
Mirza Home & Construction Company
Seller's Agent
Christopher Bohn
The Keyes Company
Buyer's Agent
Christopher Bohn
The Keyes Company
List Price
$865,000
Sold Price
$855,000
Premium/Discount to List
-$10,000
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%

Purchase Details

Closed on
Aug 24, 2006
Sold by
Manzanet Gabriel E
Bought by
Velazquez & Ferreira Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,750
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2003
Sold by
Lopez Ramon
Bought by
Manzanet Gabriel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Mirzadeh Development Group Llc -- --
Mirzadeh Development Group Llc -- None Listed On Document
Mirza Home & Construction Company $855,000 Attorney
Velazquez & Ferreira Llc $536,250 Palm Title Services Inc
Manzanet Gabriel E $250,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Velazquez & Ferreira Llc $418,750
Previous Owner Manzanet Gabriel E $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $855,000 -1.2% $158 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
10/10/2021 10/10/21 For Sale $865,000 -- $160 / 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 $18,803 $874,166 -- --
2023 $16,823 $756,647 $0 $0
2022 $15,464 $687,861 $0 $0
2021 $9,665 $463,571 $174,528 $289,043
2020 $10,179 $591,499 $234,000 $357,499
2019 $9,471 $531,777 $183,600 $348,177
2018 $8,490 $495,523 $175,588 $319,935
2017 $8,127 $468,803 $121,095 $347,708
2016 $7,398 $226,295 $0 $0
2015 $6,998 $205,723 $0 $0
2014 $6,180 $187,021 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christopher Bohn

    Seller's Agent in 2021

    Christopher Bohn

    The Keyes Company

    (561) 750-1000

    1 in this area

    23 Total Sales

    Christopher Bohn
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Map

Source: BeachesMLS

MLS Number: R10751219

BeachesMLS

APN: 70-43-44-19-10-000-0170

Florida Palm Beach County Lake Worth 33461 Palm Springs Village

3838 7th Ave N, Lake Worth, FL

This home is located at 3838 7th Ave N, Lake Worth, FL 33461 since 10 October 2021 and is currently estimated at $1,146,835, approximately $211 per square foot. This property was built in 1972. 3838 7th Ave N is a home located in Palm Beach County with nearby schools including Palm Springs Elementary School, John I. Leonard High School, and L C Swain 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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