NOT LISTED FOR SALE

4590 Davis Rd Unit 1 Lake Worth, FL 33461

Lake Worth Corridor Neighborhood

Estimated Value: $809,000 - $930,000

-- Bed
4 Baths
3,540 Sq Ft
$242/Sq Ft Est. Value

Last Sold August 01, 2016

Last sale price $320,000 $90 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $4,910/month

241 Days on Market

Highlights

  • Water Views
  • Fruit Trees
  • Ceramic Tile Flooring
  • 20,624 Sq Ft lot
  • Shed
  • Central Heating and Cooling System

About This Home

As of August 2016

Great 4plex with large upside potential. Each unit is a 2/1 with large kitchen, laundry room and large back yard. Very desirable rental area. Great paying tenants. Owner is motivated and ready to sell. 24hr. notice to show. This property will not last!!! Call listing agent for instructions to show.

Last Agent to Sell the Property

Cole Leavitt

CPRE Organization Inc License #3238799 Listed on: 11/03/2015

Last Buyer's Agent

Biglauwick Plaisimond

Hot Team Realty & Investmt Srv License #689977

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,412

Year Built

  • Built in 1978

Lot Details

  • 0.47 Acre Lot
  • Fenced
  • Fruit Trees

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,540 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Water Views

Outdoor Features

  • Shed

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $40,800
  • Rent includes electricity
  • Assessor Parcel Number 00434430010720042

Community Details

Overview

  • 4 Units
  • Palm Beach Farms Co 7 Subdivision

Building Details

  • Operating Expense $8,812
  • Net Operating Income $31,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,412

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: West of 95 on Lantana, North on S Congress Ave, West on Melaleuca Ln, North
  • Year Built: 1978
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3540.0

Exterior Features

  • Exterior Features: Fence, Fruit Trees, Shed
  • View: Other, Water
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available

Condo/Co-op/Association

  • HOA Rent Includes: Electricity
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00434430010720042
  • Lot Size Sq Ft: 20624.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 31988.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 8812.0
  • Total Actual Rent: 40800.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4412.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2021
Sold by
Desarmes Edzer and Desarmes Sonnie
Bought by
Viltus Gardy and Viltus Synthia Tamara
Current Estimated Value
$745,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,396
Outstanding Balance
$477,980
Interest Rate
3%
Mortgage Type
VA
Estimated Equity
$377,014

Purchase Details

Listed on
Nov 3, 2015
Closed on
Aug 1, 2016
Sold by
Mf Homes H Llc
Bought by
Desarmes Edzer and Desarmes Sonnie
Seller's Agent
Cole Leavitt
CPRE Organization Inc
Buyer's Agent
Biglauwick Plaisimond
Hot Team Realty & Investmt Srv
List Price
$353,000
Sold Price
$320,000
Premium/Discount to List
-$33,000
-9.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.22%
Original Mortgage
$240,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2003
Sold by
Universal 21St Hotels Inc
Bought by
Vukovic Krstan and Macanovic Zora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,176
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2003
Sold by
Antila Martin
Bought by
Universal 21St Hotels Inc
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
Viltus Gardy $511,000 First International Ttl Inc
Desarmes Edzer $320,000 None Available
Vukovic Krstan $183,000 Universal Land Title Inc
Universal 21St Hotels Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Viltus Gardy $529,396
Previous Owner Desarmes Edzer $240,000
Previous Owner Vukovic Krstan $153,176
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2016 08/01/16 Sold $320,000 -9.3% $90 / Sq Ft
07/02/2016 07/02/16 Pending -- -- --
11/03/2015 11/03/15 For Sale $353,000 -- $100 / 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 $12,104 $665,214 -- --
2023 $11,016 $604,740 $257,022 $367,695
2022 $10,206 $549,764 $0 $0
2021 $8,728 $452,202 $189,307 $262,895
2020 $9,024 $433,387 $200,000 $233,387
2019 $8,821 $443,845 $200,000 $243,845
2018 $7,573 $406,677 $192,780 $213,897
2017 $6,598 $310,287 $96,390 $213,897
2016 $5,016 $195,693 $0 $0
2015 $4,849 $177,903 $0 $0
2014 $4,412 $161,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cole Leavitt

    Seller's Agent in 2016

    Cole Leavitt

    CPRE Organization Inc

    (866) 792-6163

    1 in this area

    51 Total Sales

    Cole Leavitt
    Section Image
  • Biglauwick Plaisimond

    Buyer's Agent in 2016

    Biglauwick Plaisimond

    Hot Team Realty & Investmt Srv

    (386) 246-2085

    1 in this area

    27 Total Sales

    Biglauwick Plaisimond
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10181577

BeachesMLS

APN: 00-43-44-30-01-072-0042

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

4590 Davis Rd Unit 1, Lake Worth, FL

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