NOT LISTED FOR SALE

4216 Coconut Rd Unit A Lake Worth, FL 33461

Lake Worth Corridor Neighborhood

Estimated Value: $438,000 - $588,000

2 Beds
2 Baths
1,488 Sq Ft
$344/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $189,000 $127 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $2,983/month

78 Days on Market

About This Home

As of October 2016

Great Investment Opportunity 9.6% CAP Rate! Totally Renovated With High End Finishes and Fully Leased. BONUS Half Acre + Lot Size Has Potential For Additional 2 Units Added to Property!This Is A GOOD One. Don't Let It Get Away !

Last Agent to Sell the Property

Valerie Selby

Keller Williams Realty Services License #302112 Listed on: 07/11/2016

Keller Williams Realty Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,337

Year Built

  • Built in 1955

Lot Details

  • 0.67 Acre Lot

Home Design

  • Duplex
  • Built-Up Roof

Interior Spaces

  • 1,488 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Listing and Financial Details

  • Total Actual Rent $22,500
  • Rent includes electricity, water
  • Assessor Parcel Number 00434430010230040

Community Details

Overview

  • 2 Units
  • Palm Beach Farms Co 7 Subdivision

Building Details

  • Operating Expense $4,675
  • Net Operating Income $18,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,337

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Lake Worth Road West Of Davis Then South on Coconut Property On Left
  • Year Built: 1955
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1488.0

Exterior Features

  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Built-Up

Utilities

  • Cooling: Other
  • Heating: Other
  • Utilities: Water Available

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Water
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00434430010230040
  • Lot Size Sq Ft: 29345.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 18075.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 4675.0
  • Total Actual Rent: 22500.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2337.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2016
Closed on
Oct 28, 2016
Sold by
Edg 107 Llc
Bought by
Gomez Ivette
Seller's Agent
Valerie Selby
Keller Williams Realty Services
List Price
$189,000
Sold Price
$189,000
Current Estimated Value
$511,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,880
Avg. Annual Appreciation
11.71%
Original Mortgage
$185,576
Outstanding Balance
$154,352
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$357,528

Purchase Details

Closed on
Oct 18, 2013
Sold by
Fannie Mae
Bought by
Edg-107 Llc

Purchase Details

Closed on
Aug 30, 2013
Sold by
Fannie Mae
Bought by
Edg 107 Llc

Purchase Details

Closed on
Sep 8, 1999
Sold by
Berthold Wanda L and Berthold George E
Bought by
Ojito Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
7.73%
Mortgage Type
New Conventional
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
Gomez Ivette $189,000 None Available
Edg-107 Llc -- Title & Abstract Agency Of A
Edg 107 Llc $122,000 Title & Abstract Agency Of A
Ojito Jorge $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Ivette $185,576
Previous Owner Ojito Jorge $64,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $189,000 0.0% $127 / Sq Ft
09/28/2016 09/28/16 Pending -- -- --
07/11/2016 07/11/16 For Sale $189,000 -- $127 / 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 $3,645 $178,846 -- --
2023 $3,454 $168,679 $0 $0
2022 $3,303 $159,259 $0 $0
2021 $3,043 $187,467 $0 $0
2020 $2,722 $152,075 $0 $0
2019 $2,683 $151,439 $0 $0
2018 $2,287 $142,040 $0 $0
2017 $2,086 $124,786 $48,195 $76,591
2016 $2,414 $87,932 $0 $0
2015 $2,337 $79,938 $0 $0
2014 $2,146 $72,671 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Valerie Selby

    Seller's Agent in 2016

    Valerie Selby

    Keller Williams Realty Services

    (561) 271-6667

    90 Total Sales

    Valerie Selby
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Map

Source: BeachesMLS

MLS Number: R10249853

BeachesMLS

APN: 00-43-44-30-01-023-0040

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

4216 Coconut Rd Unit A, Lake Worth, 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 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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