NOT LISTED FOR SALE

389 Tall Pines Rd West Palm Beach, FL 33415

Royal Palm Estates Neighborhood

Estimated Value: $442,419 - $546,000

3 Beds
1 Bath
1,836 Sq Ft
$268/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $75,000 $41 Per Sq Ft

Est. 555% increase in value since last sale

Current estimated payment $2,902/month

4 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • No Heating

About This Home

As of May 2015

Investor opportunity! This property is actually 5 separate units. There are two 1/1's. Two studio apartments and a single 2/1. EACH HAS ITS OWN SEPARATE ENTRANCE! This is close to a 20 CAP at list price!! These deals are getting hard to find. Great area to invest and rental market is very brisk. Each 1/1 could rent for around $600 a month the studios for $400 each and the 2/1 for $650 a month for a total Gross yearly income of $31,800. These are projected rents but are conservative for the market in the area. The square footage is based on the foot print of the home but is not warranted.

Last Agent to Sell the Property

Ryan Poole

BitRealty License #682698 Listed on: 04/10/2015

Last Buyer's Agent

Joseph Patalano

Creative Real Estate Services License #3250684

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,725

Year Built

  • Built in 1966

Lot Details

  • 0.37

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,836 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Water Not Available

Listing and Financial Details

  • Total Actual Rent $31,800
  • Assessor Parcel Number 00424335020030106

Community Details

Overview

  • 4 Units
  • Boulevard Estates Subdivision

Building Details

  • Operating Expense $1,725
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,725

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Southern Blvd west to North on Caroline Dr WEst on Wallis Rd North on Tall Pines Rd house on right hand side
  • Year Built: 1966
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1836.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Utilities: None, Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Parcel #: 00424335020030106
  • Zoning Description: MULTI-FA

Multi Family

  • Property Net Operating Income: 30000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 1725.0
  • Total Actual Rent: 31800.0

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1725.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2025
Sold by
Addis Frank
Bought by
Adv Land Trust and Deusanio
Total Days on Market
4
Current Estimated Value
$491,355

Purchase Details

Listed on
Apr 10, 2015
Closed on
May 19, 2015
Sold by
Kajaine Estates Llc
Bought by
Addis Frank
Seller's Agent
Ryan Poole
BitRealty
Buyer's Agent
Joseph Patalano
Creative Real Estate Services
List Price
$155,000
Sold Price
$75,000
Premium/Discount to List
-$80,000
-51.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.94%

Purchase Details

Closed on
Dec 2, 2014
Sold by
Lopez Antonio
Bought by
Kajaine Estates Llc

Purchase Details

Closed on
Mar 16, 2006
Sold by
Snyder Jeffrey and Snyder Karri
Bought by
Lopez Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,400
Interest Rate
6.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 6, 2002
Sold by
Snyder Minerva and Snyder Jeffrey Ray
Bought by
Snyder Jeffrey and Snyder Karri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,200
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2000
Sold by
Scott Tommy J and Scott Jerri
Bought by
Snyder Jeffrey R and Snyder Minerva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
8.29%
Mortgage Type
New Conventional
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
Adv Land Trust -- None Listed On Document
Adv Land Trust -- None Listed On Document
Addis Frank $75,000 None Available
Kajaine Estates Llc $65,100 None Available
Lopez Antonio $262,000 None Available
Snyder Jeffrey -- --
Snyder Jeffrey R $81,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Antonio $52,400
Previous Owner Lopez Antonio $209,600
Previous Owner Snyder Jeffrey $15,000
Previous Owner Snyder Jeffrey $163,800
Previous Owner Snyder Jeffrey R $151,610
Previous Owner Snyden Jeff $1,273
Previous Owner Snyder Jeffrey R $112,500
Previous Owner Snyder Jeffrey $89,200
Previous Owner Snyder Jeffrey R $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2015 05/15/15 Sold $75,000 -51.6% $41 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $155,000 -- $84 / 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 $3,409 $268,294 -- --
2023 $6,959 $243,904 $234,750 $161,688
2022 $5,954 $221,731 $0 $0
2021 $5,464 $226,734 $92,000 $134,734
2020 $5,163 $212,439 $87,400 $125,039
2019 $3,755 $212,511 $80,500 $132,011
2018 $3,063 $154,767 $46,231 $108,536
2017 $2,887 $150,592 $46,231 $104,361
2016 $2,637 $125,161 $0 $0
2015 $1,940 $83,722 $0 $0
2014 $1,725 $67,637 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Poole

    Seller's Agent in 2015

    Ryan Poole

    BitRealty

    (561) 779-0458

    23 Total Sales

    Ryan Poole
    Section Image

  • J

    Buyer's Agent in 2015

    Joseph Patalano

    Creative Real Estate Services

See All Agents

Map

Source: BeachesMLS

MLS Number: R10126887

BeachesMLS

APN: 00-42-43-35-02-003-0106

Florida Palm Beach County West Palm Beach 33415 Royal Palm Estates

389 Tall Pines Rd, West Palm Beach, FL

This home is located at 389 Tall Pines Rd, West Palm Beach, FL 33415 since 10 April 2015 and is currently estimated at $491,355, approximately $267 per square foot. This property was built in 1966. 389 Tall Pines Rd is a home located in Palm Beach County with nearby schools including Palmetto Elementary School, Jeaga Middle School, and Palm Beach Lakes 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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