NOT LISTED FOR SALE

4489 Davis Rd Lake Worth, FL 33461

Lake Worth Corridor Neighborhood

Estimated Value: $410,000 - $556,000

-- Bed
1 Bath
1,676 Sq Ft
$282/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $385,000 $230 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,487/month

103 Days on Market

Highlights

  • Waterfront
  • Canal View
  • Room in yard for a pool
  • Canal Access
  • Fruit Trees
  • Wood Flooring

About This Home

As of August 2019

This unique compound is being sold after over 30 years of ownership. Pride of ownership shows as you walk about this well manicured property. It consists of 4 parcels. The first parcel has a single family home, the second parcel has 2 single family homes, the third parcel is vacant land with only a tool shed on it and the last parcel are 2 slivers of vacant land under one PCN. All being sold as a package deal. Located within 4.5 miles to the beach, 2.5 miles to the highway and close to shopping, this is the property you've been waiting to own!

Last Agent to Sell the Property

Christine Velez

Higher Standards Real Estate License #674035 Listed on: 04/11/2019

Last Buyer's Agent

Adam Narkier

Treasure Property Group LLC License #3201463

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,731

Year Built

  • Built in 1948

Lot Details

  • 5,250 Sq Ft Lot
  • Waterfront
  • Sprinkler System
  • Fruit Trees

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Built-Up Roof

Interior Spaces

  • 1,676 Sq Ft Home
  • 1-Story Property
  • Screened Porch
  • Canal Views

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Room in yard for a pool
  • Canal Access
  • Open Patio
  • Shed

Schools

  • Palm Springs Elementary School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 00434430010570051

Community Details

Overview

  • 3 Units
  • Palm Beach Farms Co 7 Subdivision

Building Details

  • Net Operating Income $17,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,731

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: On Davis Road between Lake Worth Road and Melaleuca Road ( on east side of Davis Rd)
  • Year Built: 1948
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Living Area: 1676.0

Exterior Features

  • Exterior Features: Enclosed Porch, Fruit Trees, Porch, Room For Pool, Shed
  • View: Canal
  • Lot Features: Sprinklers Automatic, Sprinkler System, < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Open, Porch, Screened
  • Property Condition: Resale
  • Roof: Built-Up, Composition, Shingle

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Palm Springs

Lot Info

  • Parcel #: 00434430010570051
  • Lot Size Sq Ft: 5250.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 17700.0
  • Number Of Units Total: 3

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3731.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2023
Sold by
Cp 4489 Davis Llc
Bought by
Davis Commons Llc
Current Estimated Value
$473,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2019
Closed on
Aug 23, 2019
Sold by
Tiedt Robert M
Bought by
Cp 4489 Davis Llc
Seller's Agent
Christine Velez
Higher Standards Real Estate
Buyer's Agent
Adam Narkier
Treasure Property Group LLC
List Price
$419,000
Sold Price
$385,000
Premium/Discount to List
-$34,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%
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
Davis Commons Llc $523,850 None Listed On Document
Cp 4489 Davis Llc $385,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Davis Commons Llc $2,000,000
Open Davis Commons Llc $5,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2019 08/23/19 Sold $385,000 -8.1% $230 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $419,000 -- $250 / 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 $49 $108,192 -- --
2023 $50 $59,895 $109,847 $0
2022 $50 $54,450 $0 $0
2021 $50 $69,271 $69,271 $0
2020 $525 $117,350 $45,000 $72,350
2019 $760 $37,916 $0 $0
2018 $642 $37,209 $0 $0
2017 $602 $36,444 $0 $0
2016 $591 $35,694 $0 $0
2015 $590 $35,446 $0 $0
2014 $589 $35,165 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christine Velez

    Seller's Agent in 2019

    Christine Velez

    Higher Standards Real Estate

    (561) 310-3048

    1 in this area

    42 Total Sales

    Christine Velez
    Section Image

  • A

    Buyer's Agent in 2019

    Adam Narkier

    Treasure Property Group LLC

    (561) 818-9954

    1 in this area

    10 Total Sales

    Adam Narkier
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10520994

BeachesMLS

APN: 00-43-44-30-01-057-0051

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

4489 Davis Rd, Lake Worth, FL

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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