NOT LISTED FOR SALE

4030 Luzon Ave Lake Worth, FL 33461

Lake Worth Corridor Neighborhood

Estimated Value: $894,000 - $1,003,000

9 Beds
8 Baths
3,819 Sq Ft
$251/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $950,000 $249 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,429/month

5 Days on Market

Highlights

  • Water Views
  • Tile Flooring
  • Fenced
  • 20,007 Sq Ft lot
  • Central Heating and Cooling System

About This Home

As of January 2024

***Amazing Investment Opportunity!*** Property is in Excellent condition with Great tenants. City Sewer!4 Units in total. 3 units are 2 bed 2 baths. Fourth unit is a 3 bed 2 bath. All have seperate electric/water meters. Huge property over 20,000 sqft. Plenty of parking. ROOF 2017. Common Laundry with electic cards profesionally managed. 3 Bedroom Unit has it's own laundry.Fully rented and all units are in great shape. Owner only pays landscape, taxes and insurance. Very low overhead. Currently bringing in almost $8,000 per month but rents could be rasied to reach $9,500 monthly. Great 1031 exchange property of for the 1st time investor. Property Manager could be transfered to new owner if desired.Property is turn key ready. Photos are current and accurate respresentation of condition

Last Agent to Sell the Property

Michael Johnston

The Keyes Company License #3342965 Listed on: 11/14/2023

The Keyes Company

Co-Listed By

Maby Cuevas

The Keyes Company License #3367837

Last Buyer's Agent

Dionis Perdomo

Highlight Realty Corp/LW License #3117062

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,873

Year Built

  • Built in 1980

Lot Details

  • 0.46 Acre Lot
  • Fenced

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,819 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Water Views

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 70424424120000120

Community Details

Overview

  • 4 Units
  • Manila Park Subdivision

Building Details

  • Operating Expense $19,000
  • Net Operating Income $75,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,873

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From Lake Worth Road and Kirk Road head North to Luzon Avenue go West on Luzon property will be on the South side of the road.
  • Year Built: 1980
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 3819.0

Exterior Features

  • Exterior Features: Fence
  • View: Water
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 70424424120000120
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 20007.0
  • Zoning Description: MULTIFAM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 75500.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 19000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8873.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Jan 2, 2024
Sold by
Trishemp Llc
Bought by
Perdomo Dionis
Seller's Agent
Michael Johnston
The Keyes Company
Buyer's Agent
Dionis Perdomo
Highlight Realty Corp/LW
List Price
$950,000
Sold Price
$950,000
Views
26
Current Estimated Value
$957,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,472
Avg. Annual Appreciation
0.71%
Original Mortgage
$686,250
Outstanding Balance
$677,823
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$283,442

Purchase Details

Closed on
Dec 23, 2013
Sold by
Smith Yolanda M
Bought by
Trishemp Llc

Purchase Details

Closed on
Jul 10, 2011
Sold by
Smith Yolanda M
Bought by
Smith Yolanda M and The Yolanda M Smith Trust
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
Perdomo Dionis $950,000 None Listed On Document
Trishemp Llc $210,000 Attorney
Smith Yolanda M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perdomo Dionis $686,250
Previous Owner Trishemp Llc $261,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $950,000 0.0% $249 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $950,000 0.0% $249 / Sq Ft
09/18/2022 09/18/22 For Rent $1,900 0.0% --
09/18/2022 09/18/22 Rented $1,900 +58.3% --
11/01/2018 11/01/18 For Rent $1,200 0.0% --
11/01/2018 11/01/18 Rented $1,200 0.0% --
06/21/2018 06/21/18 For Rent $1,200 0.0% --
06/21/2018 06/21/18 Rented $1,200 -- --
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 $14,666 $691,582 -- --
2023 $10,087 $399,303 $0 $0
2022 $9,313 $363,003 $0 $0
2021 $7,797 $330,003 $151,179 $178,824
2020 $8,120 $376,245 $156,000 $220,245
2019 $7,525 $336,879 $122,400 $214,479
2018 $6,934 $337,850 $127,238 $210,612
2017 $6,582 $316,661 $87,750 $228,911
2016 $6,221 $222,571 $0 $0
2015 $5,636 $202,337 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Johnston

    Seller's Agent in 2024

    Michael Johnston

    The Keyes Company

    (561) 577-0398

    4 in this area

    164 Total Sales

    Michael Johnston
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Maby Cuevas

    The Keyes Company

    (786) 251-8462

    3 in this area

    56 Total Sales

    Maby Cuevas
    Section Image

  • D

    Buyer's Agent in 2024

    Dionis Perdomo

    Highlight Realty Corp/LW

    (561) 667-5430

    2 in this area

    20 Total Sales

    Dionis Perdomo
    Section Image

  • A

    Seller's Agent in 2022

    Adan Pacheco

    Siegel Real Estate LLC

    (561) 777-6357

    33 Total Sales

    Adan Pacheco
    Section Image
  • James Milloway

    Seller's Agent in 2018

    James Milloway

    RE/MAX

    (561) 797-7337

    16 Total Sales

    James Milloway
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10936132

BeachesMLS

APN: 70-42-44-24-12-000-0120

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

4030 Luzon Ave, Lake Worth, FL

This home is located at 4030 Luzon Ave, Lake Worth, FL 33461 since 14 November 2023 and is currently estimated at $957,472, approximately $250 per square foot. This property was built in 1980. 4030 Luzon Ave is a home located in Palm Beach County with nearby schools including John I. Leonard High School, Clifford O Taylor/Kirklane Elementary 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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