NOT LISTED FOR SALE

Estimated Value: $526,000

-- Bed
-- Bath
66,070 Sq Ft
$8/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $15,250,000 $231 Per Sq Ft

Current estimated payment $3,470/month

73 Days on Market

Highlights

  • New Construction
  • Room in yard for a pool
  • Cooling Available
  • 215,622 Sq Ft lot
  • Impact Glass
  • Patio

About This Home

As of May 2022

The community of Casa del Sol is a rare opportunity to acquire a fully occupied, newly built, rental community located in the highly sought West Palm Beach, Florida market. The twenty-nine, 3 bedroom, 2.5 bath townhomes w/ attached garages are in high demand and are generating record rents. Further opportunity to build between 5 and 30 additional units exists. An undeveloped parcel of just under 1.5 acres is included in the sale and a preliminary site plan exists. Features include: CBS construction, impact windows & doors, open layouts, modern finishes, high ceilings, quartz surfaces, & stainless-steel appliances. There is no better opportunity to enter into one of the most in-demand markets in the country. Verification of funds and/or lending commitment and signing an NDA is required.

Last Listed By

Michael Watson

Mangrove Property Management License #3268165 Listed on: 02/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $155,673

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 4.95 Acre Lot
  • Fenced
  • Sprinkler System

Parking

  • 48 Car Garage

Home Design

  • Duplex
  • Concrete Roof

Interior Spaces

  • 66,070 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Tile Flooring
  • Impact Glass

Outdoor Features

  • Room in yard for a pool
  • Patio

Schools

  • Palm Springs Middle School

Utilities

  • Cooling Available
  • Heating Available
  • Well

Listing and Financial Details

  • Assessor Parcel Number 00424401370010000

Community Details

Overview

  • 2 Units
  • Casa Del Sol West Palm Subdivision

Building Details

  • Operating Expense $239,026
  • Net Operating Income $750,494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$155,673

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

48

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 4330 Gun Club Rd West Palm Beach, FL 33406
  • Year Built: 2021
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built Details: New Construction
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 66070.0
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Exterior Features: Fence, Patio, Room For Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 48.0
  • Garage Spaces: 48.0
  • Garage Yn: Yes

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available
  • Water Source: Public, Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Middle Or Junior School: Palm Springs

Lot Info

  • Parcel #: 00424401370010000
  • Lot Size Sq Ft: 215622.0
  • Zoning Description: Resident
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 750494.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 239026.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 155673.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 29, 2020
Sold by
Tnr Holding Group Inc
Bought by
Landamerica Holdings & Investments Goup
Total Days on Market
73
Current Estimated Value
$526,000

Purchase Details

Closed on
Feb 6, 2020
Sold by
Landamerica Holdings & Investments Group
Bought by
Tnr Holding Group Inc

Purchase Details

Closed on
Jul 23, 2015
Sold by
Fifteen Bv Llc
Bought by
Landamerica Holdings & Investments Group

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,775,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2005
Sold by
Don Ramon Ii Inc
Bought by
Edery David D

Purchase Details

Closed on
Sep 20, 2004
Sold by
Worldwide One Inc
Bought by
Bella Vista Development Llc

Purchase Details

Closed on
Jul 28, 2004
Sold by
Edery David D
Bought by
Worldwide One Inc

Purchase Details

Closed on
Jan 28, 2004
Sold by
Cunningham Elizabeth
Bought by
Don Ramon Ii Inc

Purchase Details

Closed on
Aug 1, 2001
Sold by
Elizabeth Cunningham
Bought by
Don Ramon Ii Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Landamerica Holdings & Investments Goup -- None Available
Tnr Holding Group Inc -- None Available
Landamerica Holdings & Investments Group $700,000 Attorney
Bella Vista Development Llc $1,280,000 Direct Title Insurance Llc
Worldwide One Inc -- --
Don Ramon Ii Corp $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Landamerica Holdings & Investments Group $1,775,000
Previous Owner Don Ramon Ii Corp $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $15,250,000 -6.2% $231 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $16,250,000 -- $246 / 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
2020 $11,100 $618,750 $618,750 $0
2019 -- $618,750 $618,750 $0
2018 -- $618,750 $618,750 $0
2017 -- $618,750 $618,750 $0
2016 -- $594,000 $0 $0
2015 -- $222,973 $0 $0
2014 -- $202,703 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10775672

BeachesMLS

APN: 00-42-44-01-00-000-1100