NOT LISTED FOR SALE

422 47th St Unit 420,420.5,422 West Palm Beach, FL 33407

Northwood Harbor Neighborhood

Estimated Value: $568,000 - $759,808

5 Beds
3 Baths
1,879 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 02, 2016

Last sale price $245,000 $130 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $4,291/month

342 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Garden View
  • Patio
  • 4-minute walk to Gettler Park

About This Home

As of June 2016

Cap rate of 8.87% for 3 CBS units just down the street from the major Rybovich Marina renovation and in close proximity to North Wood's new downtown area, the palm beach outlet malls, shopping, dining, beaches, and the palm beach international airport. This property contains a 2 bed, 1 bath, single family home currently being rented month to month for $1100.00. A duplex with two 1 bed, 1 bath units currently renting month to month for $700.00 each. This property has been consistently updated since its purchase and contains long term, no hassle tenants. owner currently pays for water however was quoted $1800 to have water meter installed.

Last Agent to Sell the Property

Kevin Spina

The Keyes Company (PBG) License #3081899 Listed on: 05/26/2015

The Keyes Company (PBG)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,936

Year Built

  • Built in 1950

Lot Details

  • 7,875 Sq Ft Lot
  • Fenced

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,879 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Garden Views

Flooring

  • Wood
  • Tile

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $30,000
  • Rent includes electricity
  • Assessor Parcel Number 74434304040060310

Community Details

Overview

  • 3 Units
  • North Palm Bch 1 Subdivision

Building Details

  • Operating Expense $7,816
  • Net Operating Income $22,184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,936

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Flagler to 47th street, head west, property is on the south side.
  • Year Built: 1950
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood
  • Living Area: 1879.0

Exterior Features

  • Exterior Features: Fence, Patio
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434304040060310
  • Lot Size Sq Ft: 7875.0
  • Zoning Description: SF7-C4
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 22184.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 7816.0
  • Total Actual Rent: 30000.0

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2936.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2018
Sold by
Wythe Capital Trust Llc
Bought by
Baldwin Llc
Current Estimated Value
$660,202

Purchase Details

Closed on
Mar 30, 2018
Sold by
Aic International Llc
Bought by
Wythe Capital Trust Llc

Purchase Details

Listed on
May 26, 2015
Closed on
May 31, 2016
Sold by
Zouheir Yassine
Bought by
Aic International Llc
Seller's Agent
Kevin Spina
The Keyes Company (PBG)
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.14%
Original Mortgage
$195,000
Interest Rate
5%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 21, 2002
Sold by
Ingman Sheila Osgood
Bought by
Yassine Zouheir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.75%

Purchase Details

Closed on
Apr 4, 2001
Sold by
Lazanaker M Stonequist I
Bought by
Ingman Sheila O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,375
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1993
Sold by
Kern George F
Bought by
Stonequist Clyde L and Stonequist Lazanaker M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
6.75%
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 Buyer Sale Price Title Company
Baldwin Llc $297,670 None Available
Wythe Capital Trust Llc $270,000 None Available
Aic International Llc $245,000 Attorney
Yassine Zouheir $182,000 Phoenix Title Insurance Corp
Ingman Sheila O $104,500 --
Stonequist Clyde L $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aic International Llc $195,000
Previous Owner Yassine Zouheir $136,500
Previous Owner Ingman Sheila O $78,375
Previous Owner Stonequist Clyde L $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2016 06/02/16 Sold $245,000 -2.0% $130 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
05/26/2015 05/26/15 For Sale $250,000 -- $133 / 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 $9,487 $378,568 -- --
2023 $8,814 $344,153 $220,500 $283,154
2022 $7,587 $312,866 $0 $0
2021 $6,943 $297,225 $70,000 $227,225
2020 $6,516 $283,059 $84,000 $199,059
2019 $5,884 $235,061 $77,000 $158,061
2018 $4,793 $205,862 $72,337 $133,525
2017 $4,309 $176,147 $49,888 $126,259
2016 $2,940 $111,522 $0 $0
2015 $3,093 $111,067 $0 $0
2014 $2,936 $100,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Spina

    Seller's Agent in 2016

    Kevin Spina

    The Keyes Company (PBG)

    (561) 722-1169

    3 in this area

    422 Total Sales

    Kevin Spina
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Map

Source: BeachesMLS

MLS Number: R10138816

BeachesMLS

APN: 74-43-43-04-04-006-0310

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

422 47th St Unit 420,420.5,422, West Palm Beach, FL

This home is located at 422 47th St Unit 420,420.5,422, West Palm Beach, FL 33407 since 26 May 2015 and is currently estimated at $660,202, approximately $351 per square foot. This property was built in 1950. 422 47th St Unit 420,420.5,422 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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