$238,500
SOLD MAR 25, 2019

426 50th St Unit 1 West Palm Beach, FL 33407

Northwood Harbor Neighborhood
-- Bed
-- Bath
1,656 Sq Ft
7,306 Sq Ft Lot

Recently Sold

$144 Per Sq Ft

13% Below List Price

221 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 3-minute walk to Osprey Park
  • Ceramic Tile Flooring

About This Home

As of March 2019

Long-term tenants with below market rent on two of the three units. Current monthly gross is $2,400 potential monthly gross is $2,700, annual current gross income is $28,800, potential annual gross income is $32,400. Operating expenses are property taxes : $2,687, property insurance (optional ) $1,277, general liability (optional) $458, utilities $2400/year and lawn $600/year total expenses $7,422.69. Current net annual income is $21,331, potential net annual income is $24,978. Actual cap rate is 7.75%, potential cap rate is 9.0%.

Last Agent to Sell the Property

Baris Keser

KSR Properties License #3273596 Listed on: 07/16/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,687

Year Built

  • Built in 1952

Lot Details

  • 7,306 Sq Ft Lot

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,656 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 74434304040030161

Community Details

Overview

  • 3 Units
  • North Palm Bch 1 Subdivision

Building Details

  • Operating Expense $7,423
  • Net Operating Income $21,331

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,687

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: West of Flagler Dr, East of Broadway.
  • Year Built: 1952
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1656.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434304040030161
  • Lot Size Sq Ft: 7306.0
  • Zoning Description: SF7(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 21331.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 7423.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2687.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2024
Sold by
Marlo One Corporation
Bought by
Santry Inc
Current Estimated Value
$535,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,500
Outstanding Balance
$316,458
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$187,565

Purchase Details

Listed on
Jul 16, 2018
Closed on
Mar 20, 2019
Sold by
Topala Tolga
Bought by
Marlo One Corporation
Seller's Agent
Baris Keser
KSR Properties
List Price
$275,000
Sold Price
$238,500
Premium/Discount to List
-$36,500
-13.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.16%

Purchase Details

Closed on
Oct 11, 2017
Sold by
Everton Enterprises Llc
Bought by
Topala Tolga

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
3.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 14, 2014
Closed on
May 7, 2014
Sold by
Tif Sofl Ii R Llc
Bought by
Everton Enterprises Llc
Seller's Agent
Melanie DelVecchio
MMLS Assoc.-Inactive Member
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$106,460
Sold Price
$113,000
Premium/Discount to List
$6,540
6.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.00%

Purchase Details

Closed on
Jun 8, 2012
Sold by
5Th Ave Financial Group Inc
Bought by
Tif Sofl Ii R Llc

Purchase Details

Closed on
Dec 10, 2010
Sold by
Magalie Management Inc
Bought by
Eugene Duc

Purchase Details

Closed on
Oct 23, 2006
Sold by
Andre Magalie
Bought by
Magalie Management Inc

Purchase Details

Closed on
Aug 21, 2006
Sold by
Pain Leonard and Pain Rita
Bought by
Andre Magalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,100
Interest Rate
9.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2005
Sold by
Pain Rita
Bought by
Pain Leonard
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 Type Sale Price Title Company
Warranty Deed $506,000 Florida'S Title Insurance Comp
Warranty Deed $238,500 Sharp Title Sln Of Fl Inc
Warranty Deed $220,000 Trident Title
Special Warranty Deed $116,000 Build Us Back Title Llc
Warranty Deed $98,000 All County Title Svcs Inc
Warranty Deed $80,000 All County Title Svcs Inc
Warranty Deed $57,500 Structure Title Services
Quit Claim Deed -- Anchor Title & Realty Llc
Warranty Deed $269,000 Attorney
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $319,500 New Conventional
Previous Owner $165,000 New Conventional
Previous Owner $242,100 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Rented $1,450 0.0% --
08/09/2023 08/09/23 Under Contract -- -- --
07/29/2023 07/29/23 For Rent $1,450 +45.0% --
10/14/2019 10/14/19 Rented $1,000 0.0% --
10/10/2019 10/10/19 Under Contract -- -- --
07/23/2019 07/23/19 For Rent $1,000 0.0% --
03/25/2019 03/25/19 Sold $238,500 -13.3% $144 / Sq Ft
02/23/2019 02/23/19 Pending -- -- --
07/16/2018 07/16/18 For Sale $275,000 0.0% $166 / Sq Ft
11/10/2014 11/10/14 Rented -- -- --
11/10/2014 11/10/14 For Rent $700 0.0% --
05/05/2014 05/05/14 Sold $113,000 +6.1% $68 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $106,460 0.0% $64 / Sq Ft
07/19/2013 07/19/13 For Rent $700 0.0% --
07/19/2013 07/19/13 Rented $700 -- --
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 $8,973 $375,779 -- --
2023 $7,955 $341,617 $204,568 $184,696
2022 $7,776 $310,561 $0 $0
2021 $6,879 $304,394 $126,000 $178,394
2020 $6,224 $256,662 $108,000 $148,662
2019 $5,362 $237,751 $99,000 $138,751
2018 $4,460 $185,617 $85,103 $100,514
2017 $2,687 $137,668 $58,692 $78,976
2016 $2,227 $82,999 $0 $0
2015 $2,568 $95,533 $0 $0
2014 $2,449 $91,608 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Dweck

    MMLS Assoc.-Inactive Member

    Section Image
  • Rosa Delgado

    Seller Co-Listing Agent in 2023

    Rosa Delgado

    Realty Hub

    (305) 720-3415

    1 in this area

    3 Total Sales

    Rosa Delgado
    Section Image

  • L

    Buyer's Agent in 2023

    Liliana Ruiz

    Lifestyle International Realty

    (786) 514-9553

    26 Total Sales

    Liliana Ruiz
    Section Image
  • Baris Keser

    Seller's Agent in 2019

    Baris Keser

    KSR Properties

    (561) 602-8906

    34 Total Sales

    Baris Keser
    Section Image

  • K

    Seller's Agent in 2014

    Ken Best

    Members Realty Group LLC

  • M

    Seller's Agent in 2014

    Melanie DelVecchio

    MMLS Assoc.-Inactive Member

See All Agents

Map

Source: BeachesMLS

MLS Number: R10448180

BeachesMLS

APN: 74-43-43-04-04-003-0161

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

426 50th St Unit 1, West Palm Beach, FL

This home is located at 426 50th St Unit 1, West Palm Beach, FL 33407 and is currently priced at $238,500, approximately $144 per square foot. This property was built in 1952. 426 50th St Unit 1 is a home located in Palm Beach County with nearby schools including Northmore Elementary School, John F. Kennedy 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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