NOT LISTED FOR SALE

422 N Palmway Unit 1 Lake Worth, FL 33460

Parrot Cove Neighborhood

Estimated Value: $563,000 - $884,000

4 Beds
4 Baths
2,148 Sq Ft
$363/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $520,000 $242 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,065/month

112 Days on Market

Highlights

  • Wood Flooring
  • Garden View
  • Central Heating and Cooling System

About This Home

As of May 2019

THIS BEAUTIFUL PROPERTY WAS RENOVATED FROM THE STUDS OUT BY MCCOMB CONSTRUCTION. NEW ELECTRIC & PLUMBING. ALL IMPACT WINDOWS & DOORS. THE CONTRACTOR WORKED ALONG SIDE THE CITY'S HISTORIC PRESERVATION BOARD TO PRESERVE THE CHARACTER & INTEGRITY OF THE BUILDING. GORGEOUS ORIGINAL HARD WOOD PINE FLOORS, PROFESSIONALLY SANDED & STAINED WITH WELL APPOINTED FIXTURES, CABINETS & QUARTZ COUNTERTOPS. SPA-LIKE BATHROOMS WITH MAGAZINE WORTHY KITCHENS. PROFESSIONALLY LANDSCAPED, BRAND NEW IRRIGATION SYSTEM, NEW BRICK PAVERS. PERFECT FOR AIR B&B OR ANNUAL RENTAL. SO GORGEOUS, YOU CAN LIVE IN ONE UNIT & RENT OUT THE REST. 2/2 + 1/1 +1/1. TOTAL 3 UNITS.

Last Agent to Sell the Property

Angela Williams

The Keyes Company License #3108136 Listed on: 12/18/2018

The Keyes Company

Last Buyer's Agent

Adam Raizin

LoKation License #3191458

LoKation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,405

Year Built

  • Built in 1939

Lot Details

  • 6,750 Sq Ft Lot
  • Sprinkler System

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Metal Roof

Interior Spaces

  • 2,148 Sq Ft Home
  • 2-Story Property
  • Garden Views

Flooring

  • Wood
  • Tile

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 3 Units
  • Lake Worth Town Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38434421151020060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,405

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: TWO STREETS EAST OF FEDERAL HWY., 4 BLOCKS NORTH OF LAKE AVENUE. PROPERTY IS ON THE EAST SIDE OF ROAD.
  • Year Built: 1939
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Wood
  • Living Area: 2148.0

Exterior Features

  • View: Garden
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Property Condition: Resale
  • Roof: Composition, Metal, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421151020060
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: SF-7(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5405.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2018
Closed on
May 10, 2019
Sold by
Pelagic Rental Properties Llc
Bought by
Sulaiman Haroon and Sulaiman Aziza T
Seller's Agent
Angela Williams
The Keyes Company
Buyer's Agent
Adam Raizin
LoKation
List Price
$595,000
Sold Price
$520,000
Premium/Discount to List
-$75,000
-12.61%
Current Estimated Value
$778,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,773
Avg. Annual Appreciation
6.44%
Original Mortgage
$390,000
Outstanding Balance
$341,489
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$437,284

Purchase Details

Listed on
Jul 15, 2017
Closed on
Aug 28, 2017
Sold by
Comissiong Inca
Bought by
Pelagic Rental Properties Llc
Seller's Agent
Pete Muller
Coastline Realty, Inc.
Buyer's Agent
Kingsley Itsede
Coastline Realty, Inc.
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.21%

Purchase Details

Listed on
Jul 15, 2017
Closed on
Aug 21, 2017
Sold by
David Comissiong D and David Comissong
Bought by
Commissiong Inca
Seller's Agent
Pete Muller
Coastline Realty, Inc.
Buyer's Agent
Kingsley Itsede
Coastline Realty, Inc.
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Purchase Details

Closed on
Jun 7, 2017
Sold by
Comissiong Inca and Comissiong David
Bought by
Cominsinong Inca
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
Sulaiman Haroon $520,000 First American Title Ins Co
Pelagic Rental Properties Llc $260,000 First Intl Title Inc
Commissiong Inca -- First International Title
Cominsinong Inca -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sulaiman Haroon $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2019 05/10/19 Sold $520,000 -12.6% $242 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
12/18/2018 12/18/18 For Sale $595,000 +128.8% $277 / Sq Ft
09/15/2017 09/15/17 Sold $260,000 -13.0% $121 / Sq Ft View Prior Sale
08/16/2017 08/16/17 Pending -- -- --
07/15/2017 07/15/17 For Sale $299,000 -- $139 / 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 $11,758 $421,551 -- --
2023 $10,955 $383,228 $0 $0
2022 $9,943 $348,389 $0 $0
2021 $8,667 $316,717 $121,750 $194,967
2020 $10,099 $375,362 $150,000 $225,362
2019 $8,076 $323,296 $132,000 $191,296
2018 $6,988 $247,986 $124,740 $123,246
2017 $5,405 $203,974 $103,950 $100,024
2016 $5,136 $153,437 $0 $0
2015 $4,918 $139,488 $0 $0
2014 $4,691 $126,807 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Angela Williams

    The Keyes Company

    (561) 737-5300

    3 in this area

    8 Total Sales

    Angela Williams
    Section Image

  • A

    Buyer's Agent in 2019

    Adam Raizin

    LoKation

    (954) 545-5583

    1 in this area

    60 Total Sales

    Adam Raizin
    Section Image
  • Pete Muller

    Seller's Agent in 2017

    Pete Muller

    Coastline Realty, Inc.

    (561) 254-8925

    1 in this area

    19 Total Sales

    Pete Muller
    Section Image
  • Kingsley Itsede

    Buyer's Agent in 2017

    Kingsley Itsede

    Coastline Realty, Inc.

    (561) 588-2900

    25 Total Sales

    Kingsley Itsede
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10489183

BeachesMLS

APN: 38-43-44-21-15-102-0060

Florida Palm Beach County Lake Worth 33460 Parrot Cove

422 N Palmway Unit 1, Lake Worth, FL

This home is located at 422 N Palmway Unit 1, Lake Worth, FL 33460 since 18 December 2018 and is currently estimated at $778,773, approximately $362 per square foot. This property was built in 1939. 422 N Palmway Unit 1 is a home located in Palm Beach County with nearby schools including Lake Worth High School, North Grade Elementary 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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