NOT LISTED FOR SALE

401 2nd Ave N Lake Worth, FL 33460

Mango Groves Neighborhood

Estimated Value: $556,000 - $681,000

7 Beds
6 Baths
2,433 Sq Ft
$250/Sq Ft Est. Value

Last Sold June 28, 2023

Last sale price $620,000 $255 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,346/month

110 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Gas
  • Patio

About This Home

As of June 2023

BACK ON THE MARKET BEST LOCATION IN LAKE WORTH, 1 block from downtown, walking distance from restaurants, entertainment, and intercoastal park. 10 min walking to the beach complex and the famous casino ballroom. Close to several schools.

CASH COW WITH 6 UNITS. Divided into 3 buildings:

1- 2 UNITS 1BED/1BATH EACH
2- 2 UNITS SUITE/1BATH EACH
3- 2 UNITS 1BED/1BATH EACH

All are always rented. Landlord pays for water, power, and gas. +-15 year roof, frame structure but on top of a concrete slab.

NO SOLICITING OF ANY KIND WITH TENANTS.

Last Agent to Sell the Property

Mariane Saraiva

Homepoint Inc License #3035911 Listed on: 02/02/2023

Last Buyer's Agent

Lauren Mathews

Douglas Elliman (Jupiter) License #3313755

Douglas Elliman (Jupiter)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,386

Year Built

  • Built in 1946

Lot Details

  • 6,752

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,433 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Outdoor Features

  • Patio

Utilities

  • Cooling Available
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $73,800
  • Rent includes electricity, gas, gardener, hot water, sewer, trash collection, water
  • Assessor Parcel Number 38434421150930090

Community Details

Overview

  • 4 Units
  • Lake Worth Town Subdivision

Building Details

  • Net Operating Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,386

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Year Built: 1946
  • 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: 2433.0

Exterior Features

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

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gas, Gardener, Hot Water, Sewer, Trash Collection, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 38434421150930090
  • Zoning Description: MU-E

Multi Family

  • Property Net Operating Income: 52800.0
  • Number Of Units Total: 4
  • Total Actual Rent: 73800.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7386.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Jun 28, 2023
Sold by
Homeguard Florida
Bought by
791 Associates Llc
Seller's Agent
Mariane Saraiva
Homepoint Inc
Buyer's Agent
Lauren Mathews
Douglas Elliman (Jupiter)
List Price
$780,000
Sold Price
$620,000
Premium/Discount to List
-$160,000
-20.51%
Views
13
Current Estimated Value
$609,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,659
Avg. Annual Appreciation
1.20%

Purchase Details

Closed on
Feb 14, 2011
Sold by
Post Darlene M
Bought by
Firmrock Trading Limited
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
791 Associates Llc $620,000 Title & Escrow Network
Firmrock Trading Limited $180,000 Title & Escrow Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 791 Associates Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2023 06/28/23 Sold $620,000 -13.9% $255 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/10/2023 05/10/23 Price Changed $720,000 -7.7% $296 / Sq Ft
04/28/2023 04/28/23 For Sale $780,000 0.0% $321 / Sq Ft
04/16/2023 04/16/23 Off Market $780,000 -- --
02/14/2023 02/14/23 Pending -- -- --
02/11/2023 02/11/23 For Sale $780,000 0.0% $321 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $780,000 -- $321 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $12,625 $435,990 -- --
2023 $8,960 $251,923 $0 $0
2022 $7,780 $229,021 $0 $0
2021 $7,386 $208,201 $92,003 $116,198
2020 $7,233 $200,439 $92,003 $108,436
2019 $7,171 $198,258 $87,615 $110,643
2018 $6,813 $187,958 $85,050 $102,908
2017 $6,596 $185,920 $81,000 $104,920
2016 $6,092 $156,546 $0 $0
2015 $6,179 $156,196 $0 $0
2014 $6,048 $148,555 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mariane Saraiva

    Seller's Agent in 2023

    Mariane Saraiva

    Homepoint Inc

    (305) 305-3317

    1 in this area

    41 Total Sales

    Mariane Saraiva
    Section Image

  • L

    Buyer's Agent in 2023

    Lauren Mathews

    Douglas Elliman (Jupiter)

    (561) 653-6195

    1 in this area

    37 Total Sales

    Lauren Mathews
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10366490

BeachesMLS (Greater Fort Lauderdale)

APN: 38-43-44-21-15-093-0090

Florida Palm Beach County Lake Worth 33460 Mango Groves

401 2nd Ave N, Lake Worth, FL

This home is located at 401 2nd Ave N, Lake Worth, FL 33460 since 02 February 2023 and is currently estimated at $609,341, approximately $250 per square foot. This property was built in 1946. 401 2nd Ave N is a home located in Palm Beach County with nearby schools including Lake Worth High School, North Grade Elementary School, and Lake Worth Community 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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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