NOT LISTED FOR SALE

Estimated Value: $543,000 - $1,582,000

12 Beds
6 Baths
1,152 Sq Ft
$956/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2024

Last sale price $1,325,000 $1,150 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $7,258 / mo

159 Days on Market

Highlights

  • Corner Lot
  • High Impact Windows
  • Vinyl Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

About This Home

As of September 2024

Prime investment opportunity! Presenting this newly renovated garden-style 6-plex investment property in West Palm Beach. Ideal for investors seeking an income-producing asset. 6 units : One 3 Bedrooms, Four 2 Bedrooms and One 1 Bedroom. All units and building have been completely remodeled with new impact windows installed, new AC units, new paint, new gate, and new landscaping. Large corner lot with 9 parking spaces. With solid returns and excellent potential for growth, this asset promises steady income and long-term value.

Last Agent to Sell the Property

Ben Lipkin

LIV Real Estate Group License #3443432 Listed on: 03/28/2024

Last Buyer's Agent

Ben Lipkin

LIV Real Estate Group License #3443432 Listed on: 03/28/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,251

Year Built

  • Built in 1940

Lot Details

  • Corner Lot
  • Property is zoned SF7

Parking

  • 9 Parking Spaces

Home Design

  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Vinyl Flooring
  • High Impact Windows

Location

  • West of U.S. Route 1

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $133,200
  • Rent includes trash collection, water
  • Assessor Parcel Number 74434404040120140

Community Details

Overview

  • No Home Owners Association
  • Colonial Estates Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,251

Year Built

Built in 1940

Lot Details

0.32 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: COLONIAL ESTATES
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Possible Use: Investment
  • Stories: 1
  • Window Features: High Impact Windows

Exterior Features

  • Roof: Shingle
  • Construction Type: Frame With Stucco
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Corner Lot, West Of US 1
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: COLONIAL ESTATES
  • Total Parking Spaces: 9

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 74434404040120140
  • Zoning: SF7
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection, Water

Multi Family

  • Net Operating Income: 95803
  • Number Of Units In Community: 4
  • Number Of Units Total: 6
  • Annual Operating Expense: 37397
  • Total Actual Rent: 133200

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 14251

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
Sep 26, 2024
Sold by
Bought by
Seller's Agent
Ben Lipkin
LIV Real Estate Group
Buyer's Agent
Ben Lipkin
LIV Real Estate Group
List Price
$1,560,000
Sold Price
$1,325,000
Premium/Discount to List
-$235,000
-15.06%
Views
36
Current Estimated Value
$1,100,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$224,020
Avg. Annual Appreciation
-9.53%

Purchase Details

Listed on
Feb 4, 2022
Closed on
Apr 28, 2022
Sold by
Bought by
Seller's Agent
Katherine Anaya
Higher Standards Real Estate
Buyer's Agent
Ben Lipkin
LIV Real Estate Group
List Price
$1,199,000
Sold Price
$950,000
Premium/Discount to List
-$249,000
-20.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.74%
Original Mortgage
$643,275
Interest Rate
0.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2021
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,200
Interest Rate
0.0394%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
0.0622%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,325,000 Big Wave Title
$950,000 None Listed On Document
-- Accommodation
$351,500 Attorney
$405,000 Standard Title Insurance Age
$110,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $643,275
Previous Owner $281,200
Previous Owner $310,000
Previous Owner $303,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2024 09/26/24 Sold $1,325,000 -8.6% $1,150 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
07/17/2024 07/17/24 Price Changed $1,450,000 -3.3% $1,259 / Sq Ft
05/22/2024 05/22/24 Price Changed $1,500,000 -3.8% $1,302 / Sq Ft
03/28/2024 03/28/24 For Sale $1,560,000 +64.2% $1,354 / Sq Ft
04/28/2022 04/28/22 Sold $950,000 -20.8% $249 / Sq Ft View Prior Sale
03/29/2022 03/29/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $1,199,000 -- $314 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $14,553 $900,131
2024 $14,553 $642,280
2023 $14,251 $624,368
2022 $13,022 $515,238 $0 $0
2021 $12,073 $547,996 $267,300 $280,696
2020 $11,267 $509,314 $218,700 $290,614
2019 $10,398 $452,906 $170,100 $282,806
2018 $9,019 $407,113 $164,090 $243,023
2017 $8,057 $341,958 $102,557 $239,401
2016 $7,400 $290,838 $0 $0
2015 $6,000 $192,540 $0 $0
2014 $5,487 $175,036 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11558051

MIAMI REALTORS® MLS

APN: 74-43-44-04-04-012-0140

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