NOT LISTED FOR SALE

406 W Ocean Ave Unit A Lantana, FL 33462

Ocean Heights Neighborhood

Estimated Value: $379,000 - $570,000

2 Beds
2 Baths
1,132 Sq Ft
$408/Sq Ft Est. Value

Last Sold April 03, 2014

Last sale price $158,300 $140 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $3,105/month

119 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Deck
  • Interior Lot
  • 1 Car Garage

About This Home

As of April 2014

REDUCED!! REDUCED!! Investors Wanted!! Always Rented Duplex!! Positive Cash Flow!! Walking Distance to Everything..Beach, Library, Outdoor Restaurants, Parks, Shopping. Very Desirable Location!! One side of Duplex has Deep Garage which can Increase Rent. Both Tenants have Large Private Backyards with decks! Separate Parking for Tenants. Don't want the hassle of Multiple Tenants..Look No Further! These Tenants Stay for Longevity!! Each Tenant pays for their own Water and Electric! Don't Miss Out! This Won't Last LongClerical Error with List Price.. Listed for $184,900

Last Agent to Sell the Property

Laura Trebatch

Champagne & Parisi Real Estate License #3230332 Listed on: 11/04/2013

Champagne & Parisi Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,140

Year Built

  • Built in 1950

Lot Details

  • Fenced
  • Interior Lot

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,132 Sq Ft Home
  • 1-Story Property
  • Water Views

Flooring

  • Wood
  • Ceramic Tile

Outdoor Features

  • Deck

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $20,400
  • Rent includes electricity, cable TV, water
  • Assessor Parcel Number 40434503100140020

Community Details

Overview

  • 2 Units
  • Lantana Amnded Plat Subdivision

Building Details

  • Operating Expense $4,348
  • Net Operating Income $16,052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,140

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Lantana Road East to Broadway South to Ocean Ave
  • Year Built: 1950
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Living Area: 1132.0

Exterior Features

  • Exterior Features: Deck, Fence
  • View: Other, Water
  • Lot Features: Interior Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Deck
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Cable TV, Water
  • Senior Community: No

Lot Info

  • Parcel #: 40434503100140020
  • Zoning Description: Income

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 16052.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 4348.0
  • Total Actual Rent: 20400.0

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 2140.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2013
Closed on
Apr 3, 2014
Sold by
Imerman Wayne S and Imerman Gloria
Bought by
Afek Team Llc
Seller's Agent
Laura Trebatch
Champagne & Parisi Real Estate
List Price
$284,500
Sold Price
$158,300
Premium/Discount to List
-$126,200
-44.36%
Total Days on Market
119
Current Estimated Value
$462,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,051
Avg. Annual Appreciation
9.38%

Purchase Details

Closed on
May 27, 2011
Sold by
406 W Ocean Llc
Bought by
Imerman Wayne S and Imerman Gloria

Purchase Details

Closed on
Jul 8, 2009
Sold by
Corsel Victoria
Bought by
406 W Ocean Llc

Purchase Details

Closed on
Apr 29, 2004
Sold by
Corsel Victoria
Bought by
Corsel Victoria

Purchase Details

Closed on
Jul 6, 2000
Sold by
Smith Stephen S
Bought by
Corsel Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,930
Interest Rate
8.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Afek Team Llc $158,300 Attorney
Imerman Wayne S $124,900 Title Svcs Of Palm Beaches
406 W Ocean Llc -- Attorney
Corsel Victoria -- --
Corsel Victoria $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corsel Victoria $25,000
Previous Owner Corsel Victoria $62,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2014 04/03/14 Sold $158,300 -44.4% $140 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
11/04/2013 11/04/13 For Sale $284,500 -- $251 / 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 $6,258 $236,133 -- --
2023 $5,445 $214,666 $0 $0
2022 $5,295 $195,151 $0 $0
2021 $4,576 $191,241 $108,000 $83,241
2020 $4,368 $190,676 $92,000 $98,676
2019 $4,059 $171,123 $80,000 $91,123
2018 $3,721 $164,454 $84,200 $80,254
2017 $3,150 $121,174 $67,360 $53,814
2016 $3,345 $129,932 $0 $0
2015 $3,175 $118,548 $0 $0
2014 $3,307 $107,861 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Laura Trebatch

    Champagne & Parisi Real Estate

    140 Total Sales

    Laura Trebatch
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Map

Source: BeachesMLS

MLS Number: R9990689

BeachesMLS

APN: 40-43-45-03-10-014-0020

Florida Palm Beach County Lantana 33462 Ocean Heights

406 W Ocean Ave Unit A, Lantana, FL

This home is located at 406 W Ocean Ave Unit A, Lantana, FL 33462 since 04 November 2013 and is currently estimated at $462,351, approximately $408 per square foot. This property was built in 1950. 406 W Ocean Ave Unit A is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Lake Worth High School, and Lantana 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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