NOT LISTED FOR SALE

423 N Cocoanut 1 Rd Pahokee, FL 33476

Estimated Value: $316,944 - $363,000

8 Beds
4 Baths
3,000 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $220,000 $73 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,253/month

218 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • No Heating

About This Home

As of February 2021

Rent increase starts Jan. 1st 2021, cash flow $2625 per month, $65,400 if you buy both buildings. Being sold as a package deal with RX-10574163 429 N Cocoanut Rd.(next door) buy both for $440,000 !!! All units fully occupied, just renovated building 4 x 2 bedroom 1 bath, separate water and power meter for each unit. The entire building was just painted, new gutter system, safety lights, security camera, door bells, fire extinguishers, new flooring, up-dated kitchen cabinets, appliances, bathrooms. Each unit has 3 window air conditions, as well as new ceiling fans and light switches. NO CONTRACT FLIPPERS. Listing picture old, see photo's of 429 for idea of property condition

Last Agent to Sell the Property

Karl Schulz

KD Gunther Properties By Friday Realty, LLC License #3238831 Listed on: 05/28/2020

Last Buyer's Agent

Pamela Brooks

Keller Williams Realty/P B License #3152120

Keller Williams Realty/P B

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,124

Year Built

  • Built in 1979

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Built-Up Roof

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 48374219000003300

Community Details

Overview

  • 4 Units
  • Pahokee Subdivision

Building Details

  • Operating Expense $6,500
  • Net Operating Income $19,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,124

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: South Lake Ave. to McClure Rd. to Palm Blvd left on Coconut building on right.
  • Year Built: 1979
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Living Area: 3000.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Built-Up

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • 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 #: 48374219000003300
  • Lot Size Sq Ft: 6534.0
  • Zoning Description: R6
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 19900.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 6500.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4124.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2024
Sold by
Brown Valerie and Brown Lascelles
Bought by
Llk Property Solution Llc
Current Estimated Value
$332,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,800
Outstanding Balance
$257,792
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$74,944

Purchase Details

Listed on
May 28, 2020
Closed on
Feb 1, 2021
Sold by
Shaphon Llc
Bought by
Brown Valerie and Brown Lascelies
Seller's Agent
Karl Schulz
KD Gunther Properties By Friday Realty, LLC
Buyer's Agent
Pamela Brooks
Keller Williams Realty/P B
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%
Original Mortgage
$165,000
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2018
Sold by
423 Coconut Llc
Bought by
Shaphon Llc

Purchase Details

Closed on
Jun 1, 2018
Sold by
Snow Investments Llc
Bought by
423 Coconut Llc

Purchase Details

Closed on
Feb 3, 2008
Sold by
Snow James M and Snow Kendra
Bought by
Snow Investments Llc

Purchase Details

Closed on
Jun 17, 2004
Sold by
Congleton Steven C and Congleton Kristin M
Bought by
Snow James M and Snow Kendra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 1999
Sold by
Lewis Kenneth O and Lewis Sue L
Bought by
Congleton Steven C and Congleton Kristin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 10, 1996
Sold by
Palm Beach County Circuit Court
Bought by
Bankers Trust Co Of California
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
Llk Property Solution Llc $326,000 Patch Reef Title
Llk Property Solution Llc $326,000 Patch Reef Title
Brown Valerie $220,000 Commonwealth Land Ttl Ins Co
Shaphon Llc $153,000 None Available
423 Coconut Llc $107,000 Attorney
Snow Investments Llc -- Attorney
Snow James M $80,000 --
Congleton Steven C $48,000 --
Bankers Trust Co Of California $13,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Llk Property Solution Llc $260,800
Closed Llk Property Solution Llc $260,800
Previous Owner Brown Valerie $165,000
Previous Owner Snow James M $64,000
Previous Owner Bankers Trust Co Of California $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2021 02/01/21 Sold $220,000 -4.3% $73 / Sq Ft
01/02/2021 01/02/21 Pending -- -- --
05/28/2020 05/28/20 For Sale $230,000 -- $77 / 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 $6,149 $232,013 -- --
2023 $5,401 $210,921 $0 $0
2022 $4,913 $191,746 $0 $0
2021 $4,095 $161,622 $14,280 $147,342
2020 $3,712 $137,140 $14,000 $123,140
2019 $4,128 $152,520 $14,000 $138,520
2018 $3,802 $142,288 $13,693 $128,595
2017 $3,800 $140,502 $11,907 $128,595
2016 $3,763 $132,000 $0 $0
2015 $4,144 $147,756 $0 $0
2014 $3,883 $134,324 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karl Schulz

    Seller's Agent in 2021

    Karl Schulz

    KD Gunther Properties By Friday Realty, LLC

    (561) 379-7881

    2 in this area

    30 Total Sales

    Karl Schulz
    Section Image

  • P

    Buyer's Agent in 2021

    Pamela Brooks

    Keller Williams Realty/P B

    (561) 656-2929

    4 in this area

    20 Total Sales

    Pamela Brooks
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10626062

BeachesMLS

APN: 48-37-42-19-00-000-3300

Florida Palm Beach County Pahokee 33476

423 N Cocoanut 1 Rd, Pahokee, 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.

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