NOT LISTED FOR SALE

423 N Cocoanut Rd Pahokee, FL 33476

Estimated Value: $323,411 - $345,000

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

Last Sold November 01, 2018

Last sale price $153,000 $51 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $2,357/month

48 Days on Market

About This Home

As of November 2018

Great investment property, this Four-Plex is Ready to sell. 4 units, 8 bedrooms 4 bathrooms total. 100% rented month to month cash. Each unit is a 2 bedroom /1 bathroom they all have individual water and power meter, tenants pays for utilities. More income potential. Drive by only at this time, please do not disturb tenants. SORRY NO CONTRACT FLIPPERS.

Last Listed By

Karl Schulz

KD Gunther Properties By Friday Realty, LLC License #3238831 Listed on: 08/14/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,800

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

Utilities

  • No Cooling
  • 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 $17,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,800

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: E 7th Street to McClure Rd to Palm Blvd
  • 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: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • 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: 17500.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 6500.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3800.0

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
Total Days on Market
48
Current Estimated Value
$332,853

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
$259,669
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$71,889

Purchase Details

Closed on
Feb 1, 2021
Sold by
Shaphon Llc
Bought by
Brown Valerie and Brown Lascelies

Home Financials for this Owner

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

Purchase Details

Listed on
Aug 14, 2018
Closed on
Nov 1, 2018
Sold by
423 Coconut Llc
Bought by
Shaphon Llc
Seller's Agent
Karl Schulz
KD Gunther Properties By Friday Realty, LLC
Buyer's Agent
Karl Schulz
KD Gunther Properties By Friday Realty, LLC
List Price
$195,000
Sold Price
$153,000
Premium/Discount to List
-$42,000
-21.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.59%

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

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
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
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 Change Sq Ft Price
11/01/2018 11/01/18 Sold $153,000 -21.5% $51 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $195,000 -- $65 / 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 2018

    Karl Schulz

    KD Gunther Properties By Friday Realty, LLC

    (561) 379-7881

    2 in this area

    30 Total Sales

    Karl Schulz
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Map

Source: BeachesMLS

MLS Number: R10455825

BeachesMLS

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

Florida Palm Beach County Pahokee 33476

423 N Cocoanut Rd, Pahokee, FL

Homes for Sale in Pahokee, FL

This home is located at 423 N Cocoanut Rd, Pahokee, FL 33476 since 14 August 2018 and is currently estimated at $332,853, approximately $110 per square foot. This property was built in 1979. 423 N Cocoanut Rd is a home located in Palm Beach County with nearby schools including Pahokee Elementary School, Pahokee Middle/Senior High School, and Glades Academy Elementary 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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