NOT LISTED FOR SALE

414 51st St West Palm Beach, FL 33407

Northwood Harbor Neighborhood

Estimated Value: $829,647 - $1,164,000

7 Beds
5 Baths
2,424 Sq Ft
$401/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $530,000 $219 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $6,236/month

19 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • 2-minute walk to Osprey Park
  • Patio
  • Wall Furnace

About This Home

As of November 2020

Looking for an 8% return on you $$$$???I have it!!Double lot, mini compound with 4 units and 3 structures. A duplex, single family home and studio all on one lot. All leased out with $41,716.97 NET EACH YEAR!!. Excellent condition and some are completely remodeled. Concrete block construction and located near parks, beaches, intracoastal, shopping and restaurants. These units don't turn over and tenants stay in place for years!!!

Last Agent to Sell the Property

John Trueman

Douglas Elliman License #3020389 Listed on: 10/23/2020

Douglas Elliman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,351

Year Built

  • Built in 1952

Lot Details

  • 9,829

Home Design

  • Concrete Roof

Interior Spaces

  • 2,424 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Patio
  • 9,829 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 74434304060400310

Community Details

Overview

  • 4 Units
  • Northwood Subdivision

Building Details

  • Operating Expense $17,623
  • Net Operating Income $41,716

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,351

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Palm Beach Lakes to Flagler Drive, North to 51st Street. House on the Left
  • Year Built: 1952
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2424.0

Exterior Features

  • Exterior Features: Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete

Utilities

  • Cooling: Other, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434304060400310
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 9829.0
  • Zoning Description: SF7(ci

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 41716.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 17623.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7351.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2020
Closed on
Nov 11, 2020
Sold by
414 51St Street Llc
Bought by
Bdm Ventures Florida Lllp
Seller's Agent
John Trueman
Douglas Elliman
List Price
$499,900
Sold Price
$530,000
Premium/Discount to List
$30,100
6.02%
Current Estimated Value
$972,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$442,662
Avg. Annual Appreciation
11.03%

Purchase Details

Closed on
Jun 16, 2017
Sold by
Beaumont Sarto
Bought by
414 51St Street Llc

Purchase Details

Closed on
Sep 5, 2013
Sold by
Beaumont Sarto and Hamel Nathalie
Bought by
51St Street Trust and Beaumont Sarto

Purchase Details

Closed on
May 10, 2013
Sold by
Best Kenneth R
Bought by
Beaumont Sarto and Hamel Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2011
Sold by
Mchs Llc
Bought by
Best Ii Kenneth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
8%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 29, 2011
Sold by
Mazurak Wieslaw J and Mazurak Anna Maria
Bought by
Mchs Llc

Purchase Details

Closed on
Dec 29, 2005
Sold by
Mazurak Wieslaw Jan
Bought by
Mazurak Wieslaw Jan and Mazurak Anna Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac
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
Bdm Ventures Florida Lllp $530,000 Performance Title Inc
414 51St Street Llc $340,000 Patch Reef Title Co Inc
51St Street Trust -- None Available
Beaumont Sarto $265,000 Lighthouse Title Services In
Best Ii Kenneth R $199,000 Universal Land Title Llc
Mchs Llc $111,000 Universal Land Title Llc
Mazurak Wieslaw Jan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beaumont Sarto $198,750
Previous Owner Best Ii Kenneth R $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $530,000 +6.0% $219 / Sq Ft
10/23/2020 10/23/20 For Sale $499,900 0.0% $206 / Sq Ft
07/08/2020 07/08/20 Rented $1,150 -8.0% --
06/08/2020 06/08/20 Under Contract -- -- --
05/28/2020 05/28/20 For Rent $1,250 -- --
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 $12,965 $546,411 -- --
2023 $12,482 $496,737 $275,212 $430,714
2022 $11,163 $451,579 $0 $0
2021 $9,794 $410,526 $126,000 $284,526
2020 $8,134 $361,772 $108,000 $253,772
2019 $7,354 $301,645 $99,000 $202,645
2018 $6,335 $261,854 $85,103 $176,751
2017 $4,915 $223,856 $58,692 $165,164
2016 $4,366 $169,704 $0 $0
2015 $4,763 $182,305 $0 $0
2014 $4,552 $170,921 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nydia Pino

    Seller's Agent in 2020

    Nydia Pino

    Realty ONE Group Innovation

    (954) 804-4971

    193 Total Sales

    Nydia Pino
    Section Image
  • John Trueman

    Seller's Agent in 2020

    John Trueman

    Douglas Elliman

    (561) 352-6723

    7 in this area

    82 Total Sales

    John Trueman
    Section Image
  • Lisa Grehn

    Buyer's Agent in 2020

    Lisa Grehn

    LoKation

    (561) 613-3270

    78 Total Sales

    Lisa Grehn
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10665691

BeachesMLS

APN: 74-43-43-04-06-040-0310

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

414 51st St, West Palm Beach, FL

This home is located at 414 51st St, West Palm Beach, FL 33407 since 23 October 2020 and is currently estimated at $972,662, approximately $401 per square foot. This property was built in 1952. 414 51st St 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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