$105,000
SOLD MAY 2, 2016

461 Silver Beach Rd Unit 1 Riviera Beach, FL 33403

Park Manor Neighborhood
-- Bed
-- Bath
1,680 Sq Ft
8,312 Sq Ft Lot

Recently Sold

$62 Per Sq Ft

27% Below List Price

102 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Terrazzo Flooring
  • Wall Furnace
  • Patio

About This Home

As of May 2016

Great money making duplex with easy cash flow! Current tenants have lived there over 10 years! Rents should be much higher. Owner would prefer to sell with the duplex next door (MLS#RX-10193143) to double your income! Please do not disturb the current tenants.

Last Agent to Sell the Property

Matt Thoren

Landmark Appraisal & Realty Group Inc License #640047 Listed on: 12/21/2015

Last Buyer's Agent

Avraham Dagan

Landrich Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,511

Year Built

  • Built in 1964

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • Terrazzo Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Patio
  • 8,312 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $24,000
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 56434228350410020

Community Details

Overview

  • 2 Units
  • Park Manor 6 Subdivision

Building Details

  • Operating Expense $2,640
  • Net Operating Income $21,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,511

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From US One go west on Silver Beach Road to the property.
  • Year Built: 1964
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Terrazzo
  • Living Area: 1680.0

Exterior Features

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

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 56434228350410020
  • Lot Size Sq Ft: 8312.0
  • Zoning Description: RD15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 21360.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 2640.0
  • Total Actual Rent: 24000.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 1511.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2024
Sold by
Sciascia Anthony
Bought by
461 Silver Beach Rd Riviera Beach Fl 33403 Ll

Purchase Details

Closed on
Jan 23, 2019
Sold by
Yehaskel Albert and Solemani Mitra
Bought by
Kopensky Glenn and Gjk Palm Beach Properties Revo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
4.5%
Mortgage Type
Balloon

Purchase Details

Listed on
Dec 21, 2015
Closed on
May 2, 2016
Sold by
Holley John Mark and Holley Christin Marie
Bought by
Yehaskel Albert and Solemani Mitra
Seller's Agent
Matt Thoren
Landmark Appraisal & Realty Group Inc
Buyer's Agent
Avraham Dagan
Landrich Real Estate, Inc.
List Price
$142,900
Sold Price
$105,000
Premium/Discount to List
-$37,900
-26.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.55%

Purchase Details

Closed on
Sep 29, 2011
Sold by
Holley John A and Marcum Holley Nancy J
Bought by
Holley John Mark and Holley Christi Marie

Purchase Details

Closed on
Jun 29, 2000
Sold by
Merges Peggy J and Merges Jerry
Bought by
Holley John A and Marcum Holley Nancy J
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
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $157,500 Attorney
Warranty Deed $105,000 Attorney
Interfamily Deed Transfer -- None Available
Warranty Deed $104,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $244,000 New Conventional
Previous Owner $1,063,200 Commercial
Previous Owner $164,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $890,000 +97.8% $265 / Sq Ft
07/31/2025 07/31/25 For Sale $450,000 0.0% $268 / Sq Ft
07/01/2025 07/01/25 Rented $1,800 -99.8% --
06/23/2025 06/23/25 Under Contract -- -- --
05/24/2025 05/24/25 For Sale $900,000 0.0% $268 / Sq Ft
05/08/2025 05/08/25 Pending -- -- --
03/04/2025 03/04/25 For Sale $900,000 0.0% $268 / Sq Ft
02/18/2025 02/18/25 For Rent $1,800 +5.9% --
01/13/2024 01/13/24 Rented $1,700 -5.6% --
01/12/2024 01/12/24 Under Contract -- -- --
09/14/2023 09/14/23 For Rent $1,800 0.0% --
05/02/2016 05/02/16 Sold $105,000 -26.5% $63 / Sq Ft
04/02/2016 04/02/16 Pending -- -- --
12/21/2015 12/21/15 For Sale $142,900 -- $85 / 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 $6,225 $291,668 -- --
2023 $5,983 $274,666 $0 $0
2022 $5,482 $249,696 $0 $0
2021 $3,734 $162,610 $42,840 $119,770
2020 $3,617 $156,139 $36,720 $119,419
2019 $2,900 $131,646 $32,130 $99,516
2018 $2,509 $107,751 $32,162 $75,589
2017 $2,321 $97,007 $25,937 $71,070
2016 $1,652 $60,555 $0 $0
2015 $1,511 $55,050 $0 $0
2014 $1,404 $50,045 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10193150

BeachesMLS

APN: 56-43-42-28-35-041-0020