NOT LISTED FOR SALE

425 8th St West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $597,000 - $1,029,000

-- Bed
3 Baths
2,228 Sq Ft
$338/Sq Ft Est. Value

Last Sold July 24, 2015

Last sale price $176,000 $79 Per Sq Ft

Est. 328% increase in value since last sale

Current estimated payment $4,706/month

6 Days on Market

About This Home

As of July 2015

Investment opportunity in a prime location! There are two buildings on this property with one 1BR/1BA and two 2BR/1BA units. Tile and wood laminate flooring, kitchens in place in all units and a fenced yard. Located just 3 blocks west of the intra-coastal waterway and close to downtown WPB, Cityplace, beaches and I95. Excellent investment potential.

Last Agent to Sell the Property

Amanda Glass

Sandals Realty Group, Inc. License #3088920 Listed on: 06/17/2015

Last Buyer's Agent

Michael Kessler

LPT Realty, LLC License #3253539

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,735

Year Built

  • Built in 1930

Lot Details

  • 6,050 Sq Ft Lot

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,228 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Utilities

  • No Cooling
  • No Heating

Community Details

  • 3 Units
  • Brelsford Park Subdivision

Listing and Financial Details

  • Rent includes electricity, gas, sewer, water
  • Assessor Parcel Number 74434315200030390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,735

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: PALM BEACH LAKES BLVD., S ON DIXIE HWY, W ON 8TH ST.
  • Year Built: 1930
  • Unit Levels: Two
  • Building Stories: 2
  • Special Features: RealEstateOwned
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile, Laminate
  • Living Area: 2228.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Roof: Composition, Shingle

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gas, Sewer, Water
  • Senior Community: No

Lot Info

  • Parcel #: 74434315200030390
  • Lot Size Sq Ft: 6050.0
  • Zoning Description: BPD-R
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2735.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2015
Closed on
Jul 24, 2015
Sold by
Federal National Mortgage Association
Bought by
Boiton Tomas
Seller's Agent
Amanda Glass
Sandals Realty Group, Inc.
Buyer's Agent
Michael Kessler
LPT Realty, LLC
List Price
$184,900
Sold Price
$176,000
Premium/Discount to List
-$8,900
-4.81%
Current Estimated Value
$752,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$576,582
Avg. Annual Appreciation
13.66%

Purchase Details

Listed on
Jun 17, 2015
Closed on
Jun 11, 2015
Sold by
Varona Laureano Antonio
Bought by
Federal National Mortgage Association
Seller's Agent
Amanda Glass
Sandals Realty Group, Inc.
Buyer's Agent
Michael Kessler
LPT Realty, LLC
List Price
$184,900
Sold Price
$176,000
Premium/Discount to List
-$8,900
-4.81%

Purchase Details

Closed on
Apr 18, 2006
Sold by
Patrick Hubbs Mary
Bought by
Varona Laureano Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
8.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 28, 2005
Sold by
Kenney Donill J and Kenney Jodie D
Bought by
Patrick Hubbs Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
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
Boiton Tomas $176,000 Attorney
Federal National Mortgage Association -- None Available
Varona Laureano Antonio $310,000 Gold Coast Title Co Svcs Inc
Patrick Hubbs Mary $217,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Varona Laureano Antonio $248,000
Previous Owner Patrick Hubbs Mary $174,000
Closed Patrick Hubbs Mary $32,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2015 07/24/15 Sold $176,000 -4.8% $79 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $184,900 -- $83 / 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 $8,595 $321,252 -- --
2023 $7,425 $292,047 $205,700 $180,974
2022 $6,618 $265,497 $0 $0
2021 $6,103 $254,242 $46,500 $207,742
2020 $5,928 $269,263 $75,000 $194,263
2019 $5,558 $250,445 $75,000 $175,445
2018 $5,008 $252,174 $28,930 $223,244
2017 $4,159 $164,853 $19,286 $145,567
2016 $4,037 $156,117 $0 $0
2015 $2,915 $87,486 $0 $0
2014 $2,735 $79,533 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Amanda Glass

    Sandals Realty Group, Inc.

    (561) 651-4159

    6 in this area

    95 Total Sales

    Amanda Glass
    Section Image
  • Michael Kessler

    Buyer's Agent in 2015

    Michael Kessler

    LPT Realty, LLC

    (561) 317-8212

    3 in this area

    64 Total Sales

    Michael Kessler
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10144987

BeachesMLS

APN: 74-43-43-15-20-003-0390

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

425 8th St, West Palm Beach, FL

This home is located at 425 8th St, West Palm Beach, FL 33401 since 17 June 2015 and is currently estimated at $752,582, approximately $337 per square foot. This property was built in 1930. 425 8th St is a home located in Palm Beach County with nearby schools including U. B. Kinsey/Palmview Elementary School, Conniston 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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