426 50th St Unit 1 West Palm Beach, FL 33407
Northwood Harbor Neighborhood
--
Bed
--
Bath
1,656
Sq Ft
7,306
Sq Ft Lot
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 2019Long-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%.
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
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
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
12.44%
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
14.19%
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
Similar Homes in West Palm Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
Seller Co-Listing Agent in 2023
Rosa Delgado
Realty Hub
(305) 720-3415
1 in this area
3 Total Sales
-
L
Buyer's Agent in 2023
Liliana Ruiz
Lifestyle International Realty
(786) 514-9553
25 Total Sales
-
Seller's Agent in 2019
Baris Keser
KSR Properties
(561) 602-8906
36 Total Sales
-
K
Seller's Agent in 2014
Ken Best
Members Realty Group LLC
-
M
Seller's Agent in 2014
Melanie DelVecchio
MMLS Assoc.-Inactive Member
Map
Source: BeachesMLS
MLS Number: R10448180
APN: 74-43-43-04-04-003-0161
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