NOT LISTED FOR SALE

4585 Cole St West Palm Beach, FL 33417

Estimated Value: $517,000 - $769,000

-- Bed
3 Baths
2,772 Sq Ft
$231/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $386,750 $140 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,079/month

27 Days on Market

About This Home

As of October 2019

Excellent, rare investment opportunity! Well maintained TRIPLEX with 2 units that are a 2/1 and 1 unit that is a 3/1. Plenty of parking and convenient to Palm Beach International Airport and major highways.

Last Agent to Sell the Property

Jennifer Mosebach

JEK Realty & Appraisal Services, INC License #3398451 Listed on: 08/14/2019

Last Buyer's Agent

Max Zambrano

Rinker Realty License #3293562

Rinker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,557

Year Built

  • Built in 1973

Lot Details

  • 9,932

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,772 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 00424325050000141

Community Details

Overview

  • 3 Units
  • West Park Subdivision

Building Details

  • Operating Expense $7,000
  • Net Operating Income $25,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,557

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Cole Street is just north of Belvedere Road on Military Trail, west side of street.
  • Year Built: 1973
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Living Area: 2772.0

Exterior Features

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

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00424325050000141
  • Zoning Description: RH

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 25400.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 7000.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3557.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2019
Closed on
Oct 11, 2019
Sold by
Torres Albert and Torres Iris
Bought by
Himy Eric and Zambrano Max
Seller's Agent
Jennifer Mosebach
JEK Realty & Appraisal Services, INC
Buyer's Agent
Max Zambrano
Rinker Realty
List Price
$389,000
Sold Price
$386,750
Premium/Discount to List
-$2,250
-0.58%
Current Estimated Value
$640,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,352
Avg. Annual Appreciation
10.22%
Original Mortgage
$290,062
Outstanding Balance
$258,625
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$428,723

Purchase Details

Closed on
Feb 16, 2005
Sold by
Torres Albert and Torres Iris
Bought by
Torres Albert and Torres Iris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,900
Interest Rate
10.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 1995
Sold by
Trombley Dale R and Trombley Christine M
Bought by
Torres Albert and Torres Iris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,900
Interest Rate
8.35%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Himy Eric $386,750 First American Title Ins Co
Torres Albert -- First American Title Ins Co
Torres Albert $102,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Himy Eric $290,062
Previous Owner Torres Albert $126,900
Previous Owner Torres Albert $101,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $386,750 -0.6% $140 / Sq Ft
09/11/2019 09/11/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $389,000 -- $140 / 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 $7,411 $363,964 -- --
2023 $7,483 $330,876 $140,481 $321,806
2022 $6,665 $300,796 $0 $0
2021 $5,843 $273,451 $90,000 $183,451
2020 $5,764 $267,826 $108,000 $159,826
2019 $4,641 $267,826 $108,000 $159,826
2018 $3,556 $164,162 $35,438 $128,724
2017 $3,357 $166,238 $35,438 $130,800
2016 $3,248 $116,845 $0 $0
2015 $3,213 $106,223 $0 $0
2014 $3,061 $96,566 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jennifer Mosebach

    JEK Realty & Appraisal Services, INC

    (561) 234-5506

    11 Total Sales

    Jennifer Mosebach
    Section Image

  • M

    Buyer's Agent in 2019

    Max Zambrano

    Rinker Realty

    (561) 714-3902

    9 Total Sales

    Max Zambrano
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10554065

BeachesMLS

APN: 00-42-43-25-05-000-0141

Florida Palm Beach County West Palm Beach 33417

4585 Cole St, West Palm Beach, FL

This home is located at 4585 Cole St, West Palm Beach, FL 33417 since 14 August 2019 and is currently estimated at $640,102, approximately $230 per square foot. This property was built in 1973. 4585 Cole St is a home located in Palm Beach County with nearby schools including Hope-Centennial Elementary School, Bear Lakes 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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