$940,000
SOLD JUL 8, 2024

418 Ocean Breeze St Lake Worth, FL 33460

Bryant Park Neighborhood
-- Bed
-- Bath
2,895 Sq Ft
6,750 Sq Ft Lot

Recently Sold

$325 Per Sq Ft

2% Below List Price

6 Days on Market

Highlights

  • Interior Lot
  • Awning
  • 3-minute walk to South Bryant Park
  • Terrazzo Flooring
  • Central Heating and Cooling System

About This Home

As of July 2024

DESIRABLE CONCRETE-BLOCK 4-UNIT APARTMENT BUILDING in LAKE WORTH BEACH! Premier location EAST of Federal Hwy.! Steps to intracoastal-waterfront Bryant Park, a short 4-block stroll to famed Lake Avenue dining and shopping, quick bike ride to the beach. Around the corner from the two celebrated ''Castles''! This locale is both convenient and prestigious. After 25 years of attentive, cherished ownership, the recently-retired resident-owner will now move North. Ideal unit mix: Two large 2-bedroom apartments, and two spacious 1-bedroom apartments. Shared laundry room with machines. Roof replaced just two years ago. Valuable off-street parking. Robust 1966 construction, easy to maintain. Increase the rents to market rate, and you'll have an extraordinary income producer!

Last Agent to Sell the Property

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 06/01/2024

Last Buyer's Agent

Kingsley Itsede

Coastline Realty, Inc. License #3339253

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,612

Year Built

  • Built in 1966

Lot Details

  • 6,750 Sq Ft Lot
  • Lot Dimensions are 50' x 135'
  • Interior Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,895 Sq Ft Home
  • 1-Story Property
  • Awning

Flooring

  • Terrazzo
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Town Of Lake Worth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38434421151630020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,612

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Take LAKE AVENUE to S. OCEAN BREEZE, and turn right. Property is located on the EAST side of the street.
  • Year Built: 1966
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Terrazzo
  • Living Area: 2895.0

Exterior Features

  • Exterior Features: Awning(s)
  • Lot Features: Interior Lot
  • Pool Features: None
  • 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
  • Sewer: Public Sewer
  • Utilities: 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 #: 38434421151630020
  • Lot Size: 50' x 135'
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: MF-20
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10612.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2024
Closed on
Jun 18, 2024
Sold by
Lucht Kenneth H
Bought by
418 South Ocean Breeze Llc
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Kingsley Itsede
Coastline Realty, Inc.
List Price
$955,000
Sold Price
$940,000
Premium/Discount to List
-$15,000
-1.57%
Total Days on Market
6
Views
7
Current Estimated Value
$968,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,218
Avg. Annual Appreciation
3.34%

Purchase Details

Closed on
Oct 7, 1999
Sold by
Coffey Charles F and Coffey Jacqueline L
Bought by
Lucht Kenneth H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
7.79%
Mortgage Type
Balloon

Purchase Details

Closed on
May 21, 1999
Sold by
Pr Charles F Coffey
Bought by
Coffey Charles F

Purchase Details

Closed on
Dec 21, 1998
Sold by
Coffey Charles F and Coffey Jacqueline L
Bought by
Coffey Jeffrey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,500
Interest Rate
6.9%
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 Type Sale Price Title Company
Warranty Deed $940,000 None Listed On Document
Warranty Deed $140,000 --
Deed -- --
Warranty Deed $89,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $260,000 Unknown
Previous Owner $123,200 Balloon
Previous Owner $89,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $940,000 -1.6% $325 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
06/01/2024 06/01/24 For Sale $955,000 -- $330 / 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 $11,285 $442,928 -- --
2023 $10,611 $406,188 $0 $0
2022 $10,338 $372,685 $0 $0
2021 $9,059 $342,128 $0 $0
2020 $9,318 $369,753 $0 $0
2019 $8,925 $371,065 $0 $0
2018 $8,017 $324,941 $0 $0
2017 $7,305 $270,651 $0 $0
2016 $6,877 $246,074 $0 $0
2015 $6,620 $227,683 $0 $0
2014 $6,363 $210,889 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Bret Taylor

    Southdale Properties Inc.

    (561) 255-5310

    1 in this area

    81 Total Sales

    Bret Taylor
    Section Image
  • Kingsley Itsede

    Buyer's Agent in 2024

    Kingsley Itsede

    Coastline Realty, Inc.

    (561) 588-2900

    4 in this area

    27 Total Sales

    Kingsley Itsede
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10992296

BeachesMLS

APN: 38-43-44-21-15-163-0020

Florida Palm Beach County Lake Worth 33460 Bryant Park

418 Ocean Breeze St, Lake Worth, FL

This home is located at 418 Ocean Breeze St, Lake Worth, FL 33460 and is currently priced at $940,000, approximately $324 per square foot. This property was built in 1966. 418 Ocean Breeze St is a home located in Palm Beach County with nearby schools including South Grade Elementary School, Lake Worth High School, and Lake Worth Community 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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