NOT LISTED FOR SALE

414 51st St West Palm Beach, FL 33407

Northwood Neighborhood

Estimated Value: $652,000 - $949,000

7 Beds
5 Baths
2,424 Sq Ft
$315/Sq Ft Est. Value

Sale Details

Date Sold: November 12, 2020

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

Est. 44% increase in value since last sale

Current estimated payment $5,273 / mo

2 Days on Market

Highlights

  • Boat Ramp
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Outdoor Living Area
  • Tennis Courts
  • 2-minute walk to Osprey Park

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 Sq Ft Lot

Home Design

  • Quadruplex
  • Concrete Roof

Interior Spaces

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

Outdoor Features

  • Patio
  • Outdoor Living Area

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance
  • Assessor Parcel Number 74434304060400310

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Northwood Subdivision

Amenities

  • Picnic Area

Recreation

  • Boat Ramp
  • Boating
  • Tennis Courts
  • Park
  • Dog Park
  • Trails

Building Details

  • Gross Income $59,340
  • Net Operating Income $41,716

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,351

Year Built

Built in 1952

Lot Details

9,829 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: Palm Beach Lakes to Flagler Drive, North to 51st Street. House on the Left
  • Year Built: 1952
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2424.0

Exterior Features

  • Exterior Features: Outdoor Living Area
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront 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
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities
  • Senior Community: No
  • Amenities: Boating, Dog Park, Picnic Area, Park, Sidewalks, Tennis Court(s), Trail(s)
  • Association: No

Lot Info

  • Parcel #: 74434304060400310
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.8
  • Mobile Dim Units: Feet
  • Zoning: SF7(ci

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance

Multi Family

  • Property Net Operating Income: 41716.0
  • Number Of Units In Community: 4
  • Annual Gross Income: 59340.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7351.03

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2020
Closed on
Nov 11, 2020
Sold by
Bought by
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
$763,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,642
Avg. Annual Appreciation
6.58%

Purchase Details

Closed on
Jun 16, 2017
Sold by
Bought by

Purchase Details

Closed on
Sep 5, 2013
Sold by
Bought by

Purchase Details

Closed on
May 10, 2013
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Dec 29, 2005
Sold by
Bought by

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$530,000 Performance Title Inc
$340,000 Patch Reef Title Co Inc
-- None Available
$265,000 Lighthouse Title Services In
$199,000 Universal Land Title Llc
$111,000 Universal Land Title Llc
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $198,750
Previous Owner $180,000
Previous Owner $206,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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 (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $12,965 $536,311
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

  • John Trueman

    Seller's Agent in 2020

    John Trueman

    Douglas Elliman

    (561) 352-6723

    8 in this area

    64 Total Sales

    John Trueman
    Section Image
  • Nydia Pino

    Seller's Agent in 2020

    Nydia Pino

    Realty ONE Group Innovation

    (954) 804-4971

    2 in this area

    205 Total Sales

    Nydia Pino
    Section Image
  • Shirlisa Grehn

    Buyer's Agent in 2020

    Shirlisa Grehn

    One Sotheby's Intl. Realty

    (561) 613-3270

    82 Total Sales

    Shirlisa Grehn
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10665691

BeachesMLS (Greater Fort Lauderdale)

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

Florida Palm Beach County West Palm Beach 33407 Northwood

414 51st St, West Palm Beach, FL

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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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