$140,000
SOLD APR 10, 2019

429 N Cocoanut Rd Unit 5 Pahokee, FL 33476

-- Bed
-- Bath
2,825 Sq Ft
6,379 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

28% Below List Price

208 Days on Market

About This Home

As of August 2024

Great investment opportunity, this Four-Plex is ready to sell. 4 units total of 8 bedrooms 4 bathrooms. Each unit is a 2 bedroom 1 bathroom, they all have individual water and power meter, tenants pays for utilities. More income potential. Property needs some work.NO CONTRACT FLIPPER...

Last Agent to Sell the Property

Karl Schulz

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

Last Buyer's Agent

Karl Schulz

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 6,379 Sq Ft Lot

Home Design

  • Built-Up Roof

Interior Spaces

  • 2,825 Sq Ft Home
  • 2-Story Property

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 48374219000003290

Community Details

Overview

  • 4 Units
  • Pahokee Subdivision

Building Details

  • Operating Expense $6,495
  • Net Operating Income $17,505

Property Details

Home Type

Multi-Family

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: 2825.0

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 #: 48374219000003290
  • Lot Size Sq Ft: 6379.0
  • Zoning Description: R6
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 17505.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 6495.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3795.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Aug 21, 2024
Sold by
Brown Valerie and Brown Lascelles
Bought by
Llk Property Solution Llc
Seller's Agent
Pamela Brooks
Keller Williams Realty/P B
Buyer's Agent
Eddie Petasne
Century 21 King Realty
List Price
$400,000
Sold Price
$326,000
Premium/Discount to List
-$74,000
-18.5%
Total Days on Market
208
Views
19
Current Estimated Value
$332,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,353
Avg. Annual Appreciation
2.47%
Original Mortgage
$260,800
Outstanding Balance
$259,208
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$73,145

Purchase Details

Listed on
Oct 31, 2019
Closed on
Feb 1, 2021
Sold by
Shaphon Llc
Bought by
Brown Valerie and Brown Lascelles
Seller's Agent
Karl Schulz
KD Gunther Properties By Friday Realty, LLC
Buyer's Agent
Pamela Brooks
Keller Williams Realty/P B
List Price
$359,000
Sold Price
$220,000
Premium/Discount to List
-$139,000
-38.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.65%
Original Mortgage
$165,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2018
Closed on
Apr 9, 2019
Sold by
Metzler Mark
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
$140,000
Premium/Discount to List
-$55,000
-28.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.19%
Original Mortgage
$100,000
Interest Rate
4.3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 16, 2018
Sold by
A I M Funding Group Llc
Bought by
Metzler Mark

Purchase Details

Closed on
May 4, 2016
Sold by
Ace Housing Inc
Bought by
Aim Funding Group Llc

Purchase Details

Closed on
Dec 15, 2009
Sold by
Mcmurray Joy
Bought by
Ace Housing Inc

Purchase Details

Closed on
Oct 23, 2008
Sold by
Mcmurray Joy
Bought by
Evans Arthur C

Purchase Details

Closed on
Apr 8, 2008
Sold by
Ace Housing Inc
Bought by
Mcmurray Joy

Purchase Details

Closed on
Dec 14, 2006
Sold by
Daley Veronica D
Bought by
Ace Housing Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2004
Sold by
Daley Nettie R and Daley Centill M
Bought by
Daley Veronica D

Purchase Details

Closed on
Dec 28, 2001
Sold by
Morales Moises Arquimides
Bought by
Daley Centill M and Daley Nettie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
6.72%

Purchase Details

Closed on
Nov 22, 2000
Sold by
Iron Horse Ranch Entrprs Inc
Bought by
Morales Moises A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,440
Interest Rate
7.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 1997
Sold by
Bankers Trust Co Of Ca Tr
Bought by
Iron Horse Ranch Ent Inc
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 $326,000 Patch Reef Title
Warranty Deed $220,000 Commonwealth Land Ttl Ins Co
Warranty Deed $140,000 Attorney
Warranty Deed $102,000 Attorney
Deed $4,700 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $165,000 Attorney
Interfamily Deed Transfer -- --
Warranty Deed $82,000 Sunbelt Title Agency
Warranty Deed $71,100 --
Deed $10,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,800 New Conventional
Previous Owner $165,000 New Conventional
Previous Owner $100,000 Seller Take Back
Previous Owner $140,000 Purchase Money Mortgage
Previous Owner $61,500 No Value Available
Previous Owner $70,440 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2024 08/28/24 Sold $326,000 -18.5% $109 / Sq Ft
06/07/2024 06/07/24 For Sale $400,000 0.0% $133 / Sq Ft
04/01/2024 04/01/24 Rented $900 0.0% --
03/22/2024 03/22/24 Under Contract -- -- --
03/01/2024 03/01/24 For Rent $900 0.0% --
02/22/2024 02/22/24 Under Contract -- -- --
01/14/2024 01/14/24 For Rent $900 0.0% --
02/01/2021 02/01/21 Sold $220,000 -38.7% $78 / Sq Ft
01/02/2021 01/02/21 Pending -- -- --
10/31/2019 10/31/19 For Sale $359,000 +156.4% $127 / Sq Ft
04/10/2019 04/10/19 Sold $140,000 -28.2% $50 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
08/14/2018 08/14/18 For Sale $195,000 -- $69 / 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 $6,019 $229,972 -- --
2023 $5,350 $209,065 $0 $0
2022 $4,874 $190,059 $0 $0
2021 $4,058 $160,214 $12,240 $147,974
2020 $3,677 $135,670 $12,000 $123,670
2019 $4,094 $151,116 $12,000 $139,116
2018 $3,793 $141,905 $12,420 $129,485
2017 $3,795 $140,285 $10,800 $129,485
2016 $4,025 $147,094 $0 $0
2015 $4,148 $148,005 $0 $0
2014 $3,889 $134,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Pamela Brooks

    Keller Williams Realty/P B

    (561) 656-2929

    4 in this area

    24 Total Sales

    Pamela Brooks
    Section Image

  • M

    Seller's Agent in 2024

    Masego Rayrat

    Global Properties Realty LLC

  • Eddie Petasne

    Buyer's Agent in 2024

    Eddie Petasne

    Century 21 King Realty

    (305) 479-8138

    3 in this area

    39 Total Sales

    Eddie Petasne
    Section Image
  • Karl Schulz

    Seller's Agent in 2021

    Karl Schulz

    KD Gunther Properties By Friday Realty, LLC

    (561) 379-7881

    2 in this area

    31 Total Sales

    Karl Schulz
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10455835

BeachesMLS

APN: 48-37-42-19-00-000-3290

Florida Palm Beach County Pahokee 33476

429 N Cocoanut Rd Unit 5, Pahokee, FL

This home is located at 429 N Cocoanut Rd Unit 5, Pahokee, FL 33476 and is currently priced at $140,000, approximately $49 per square foot. This property was built in 1979. 429 N Cocoanut Rd Unit 5 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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