NOT LISTED FOR SALE

414 50th St Unit 412-414 West Palm Beach, FL 33407

Northwood Harbor Neighborhood

Estimated Value: $647,000 - $1,039,000

6 Beds
4 Baths
2,460 Sq Ft
$327/Sq Ft Est. Value

Last Sold September 06, 2019

Last sale price $955,000 $388 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $5,412/month

68 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Impact Glass
  • Ceramic Tile Flooring
  • Porch
  • Open Patio
  • 2-minute walk to Osprey Park

About This Home

As of September 2019

This Turnkey multi-family property is nestled on two parcels and features Four 2 bedroom 1 bath units and Two 1 bedroom 1 bath units. Completely renovated, impact glass and all electrical has been buried underground. The kitchens have been updated with granite counter-tops, stainless steel appliances, solid wood cabinets and all new bathrooms. Across from the Intracoastal and Osprey Park this compound was formerly leased to a religious group at $11,000 per Month triple net and has the projected lease potential of $1500 per Month for each 2 bedroom unit and $1100 per Month for each 1 bedroom unit. For a solid cap rate return, call today before it's gone! Property is located in the Opportunity Zone and with the combined 3 buildings has a total of 10 bedrooms.

Last Agent to Sell the Property

Rhys Hollyman

Logan Realty Inc License #3034120 Listed on: 05/30/2019

Last Buyer's Agent

Cynthia Rivera

Charles Rutenberg Realty FTL License #3317678

Charles Rutenberg Realty FTL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,535

Year Built

  • Built in 1952

Lot Details

  • 8,531 Sq Ft Lot
  • Property fronts an intracoastal waterway
  • Fenced
  • Sprinkler System

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Roof

Interior Spaces

  • 2,460 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring
  • Intracoastal Views
  • Impact Glass

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434304060390050

Community Details

Overview

  • 4 Units
  • North Palm Bch 3 Subdivision

Building Details

  • Operating Expense $14,817
  • Net Operating Income $83,583

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,535

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: 45TH ST, EAST TO N FLAGLER DR. NORTH TO 50TH ST. PROPERTY ON SW CORNER OF N FLAGLER DR. & 50TH ST.
  • Year Built: 1952
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2460.0
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Exterior Features: Fence, Porch
  • View: Intercoastal
  • Lot Features: Sprinklers Automatic
  • Pool Features: None
  • Waterfront Features: Intracoastal Access
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale
  • Roof: Composition, Concrete, Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434304060390050
  • Lot Size Sq Ft: 8531.0
  • Zoning Description: SF7(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 83583.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 14817.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4535.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2019
Closed on
Sep 6, 2019
Sold by
414 50Th Llc
Bought by
Sunhine Osprey Llc
Seller's Agent
Rhys Hollyman
Logan Realty Inc
Buyer's Agent
Cynthia Rivera
Charles Rutenberg Realty FTL
List Price
$1,100,000
Sold Price
$955,000
Premium/Discount to List
-$145,000
-13.18%
Current Estimated Value
$791,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$163,442
Avg. Annual Appreciation
-1.68%
Original Mortgage
$365,950
Outstanding Balance
$324,331
Interest Rate
3.65%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$539,616

Purchase Details

Closed on
Jan 15, 2016
Sold by
Carson Interests 50 Llc
Bought by
414 50Th Street Llc

Purchase Details

Closed on
Nov 9, 2015
Sold by
Carson Interests Llc
Bought by
Carson Interest 50 Llc

Purchase Details

Listed on
Jan 23, 2014
Closed on
Jun 26, 2014
Sold by
Disston Charles Todd
Bought by
Carson Interestss Llc
Seller's Agent
Klaus Sinn
EXP Realty LLC
Buyer's Agent
Sonny Hamilton
Johnston Group Real Estate Services LLC
List Price
$49,900
Sold Price
$92,823
Premium/Discount to List
$42,923
86.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.19%

Purchase Details

Closed on
Jan 31, 2003
Sold by
Bergman Ronald A and Bergman Sheree
Bought by
Disston Robin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,500
Interest Rate
5.75%

Purchase Details

Closed on
Nov 3, 2000
Sold by
Dominguez Fernando and Dominguez Natacha
Bought by
Bergman Ronald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.94%
Mortgage Type
New Conventional
Source: Public Records

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 Buyer Sale Price Title Company
Sunhine Osprey Llc $563,000 Attorney
414 50Th Street Llc -- Attorney
Carson Interest 50 Llc -- Attorney
Carson Interestss Llc $92,900 Affinity Title Services Inc
Disston Robin J $242,000 --
Bergman Ronald A $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunhine Osprey Llc $365,950
Previous Owner Bergman Ronald A --
Previous Owner Disston Robin J $181,500
Previous Owner Bergman Ronald A $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2019 09/06/19 Sold $955,000 -13.2% $388 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $1,100,000 +1085.1% $447 / Sq Ft
06/26/2014 06/26/14 Sold $92,823 +86.0% $38 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
01/23/2014 01/23/14 For Sale $49,900 -- $20 / 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 $12,474 $525,699 -- --
2023 $11,313 $477,908 $238,868 $340,538
2022 $10,505 $434,462 $0 $0
2021 $9,594 $427,011 $112,000 $315,011
2020 $8,669 $359,059 $96,000 $263,059
2019 $5,447 $298,485 $88,000 $210,485
2018 $4,535 $250,665 $76,593 $174,072
2017 $4,131 $226,894 $52,822 $174,072
2016 $3,312 $125,939 $0 $0
2015 $3,987 $151,818 $0 $0
2014 $3,642 $127,269 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rhys Hollyman

    Seller's Agent in 2019

    Rhys Hollyman

    Logan Realty Inc

    (561) 351-1686

    1 in this area

    53 Total Sales

    Section Image

  • C

    Buyer's Agent in 2019

    Cynthia Rivera

    Charles Rutenberg Realty FTL

    (917) 836-2415

    4 Total Sales

    Section Image
  • Klaus Sinn

    Seller's Agent in 2014

    Klaus Sinn

    EXP Realty LLC

    (561) 654-6112

    53 Total Sales

    Section Image
  • Sonny Hamilton

    Buyer's Agent in 2014

    Sonny Hamilton

    Johnston Group Real Estate Services LLC

    (561) 655-1233

    5 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10534600

BeachesMLS

APN: 74-43-43-04-06-039-0050

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

414 50th St Unit 412-414, West Palm Beach, FL

This home is located at 414 50th St Unit 412-414, West Palm Beach, FL 33407 since 30 May 2019 and is currently estimated at $804,842, approximately $327 per square foot. This property was built in 1952. 414 50th St Unit 412-414 is a home located in Palm Beach County with nearby schools including Northmore Elementary School, John F. Kennedy 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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