$750,000
SOLD AUG 5, 2022
-- Bed
-- Bath
2,700 Sq Ft
0.45 Acres

Recently Sold

$278 Per Sq Ft

2% Below List Price

180 Days on Market

Highlights

  • New Construction
  • Balcony
  • Ceramic Tile Flooring
  • 19,410 Sq Ft lot
  • Open Patio
  • Central Heating and Cooling System

About This Home

As of August 2022

BRAND NEW DUPLEX on 1/2 acre lot in the heart of West Palm Beach. Each unit is 3/2 with high end finishes; open layout, vaulted ceilings, Italian plank tile, 42'' white shaker cabinetry, Dallas white granite stone, impact doors & windows, fenced backyard, LED lights throughout, tankless water heater, and so much more. Enjoy the worry-free and benefits of a brand building. Centrally located off major roadways, next to Palm Beach International Airport and minutes from downtown West Palm Beach. NO HOA nor any restrictions. Yearly market rents of +$65,000. Potential for seasonal, Air BNB, monthly rentals which would raise return EVEN HIGHER.

Last Agent to Sell the Property

Philippe Boucher

DPE Homes Realty LLC License #3340634 Listed on: 01/06/2022

DPE Homes Realty LLC

Last Buyer's Agent

Philippe Boucher

DPE Homes Realty LLC License #3340634 Listed on: 01/06/2022

DPE Homes Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,084

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.45 Acre Lot
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Ceramic Tile Flooring

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00424401040000440

Community Details

Overview

  • 2 Units
  • Gun Club Estates In Subdivision

Building Details

  • Operating Expense $12,000
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,084

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: I95 to Southern Boulevard West, Kirk Road South, Gun Club Road West, N Browning Dr North, property is in the corner.
  • Year Built: 2022
  • Unit Levels: One
  • New Construction: Yes
  • Building Stories: 1
  • Year Built Details: New Construction
  • Special Features: 4098
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2700.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Balcony, Fence
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Home Warranty, Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: New Construction
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 00424401040000440
  • Lot Size Sq Ft: 19410.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 54000.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1084.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Aug 3, 2022
Sold by
Elite Capital & Development Inc
Bought by
Clingerman Bryce
Seller's Agent
Philippe Boucher
DPE Homes Realty LLC
Buyer's Agent
Samantha Samuels
Vylla Home
Sold Price
$2,750
Current Estimated Value
$792,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$789,613
Avg. Annual Appreciation
0.75%
Original Mortgage
$562,500
Outstanding Balance
$543,130
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$223,914

Purchase Details

Closed on
Sep 24, 2021
Sold by
Borjas Alba C
Bought by
Elite Capital & Development Inc

Purchase Details

Closed on
May 10, 2005
Sold by
Wilds Anna Mae
Bought by
Nieves Alba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
7.2%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $750,000 Jonathan C Benitah Pa
Warranty Deed $15,000 Attorney
Warranty Deed $184,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $562,500 New Conventional
Previous Owner $225,000 Balloon
Previous Owner $147,200 Fannie Mae Freddie Mac
Closed $36,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2022 08/06/22 Rented $2,750 0.0% --
08/05/2022 08/05/22 Sold $750,000 0.0% $278 / Sq Ft
07/07/2022 07/07/22 Under Contract -- -- --
07/06/2022 07/06/22 Pending -- -- --
06/02/2022 06/02/22 For Rent $2,750 0.0% --
01/06/2022 01/06/22 For Sale $765,000 -- $283 / 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 $10,281 $579,289 -- --
2023 $10,393 $583,186 -- --
2022 $3,011 $175,888 -- --
2021 $50 $160,361 $160,361 $0
2020 $50 $85,250 $85,250 $0
2019 $1,084 $85,250 $85,250 $0
2018 $13,173 $54,600 $54,600 $0
2017 $710 $45,500 $45,500 $0
2016 $606 $30,030 $0 $0
2015 $16,799 $27,300 $0 $0
2014 $1,007 $33,023 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10768233

BeachesMLS

APN: 00-42-44-01-04-000-0440