NOT LISTED FOR SALE

4629 Myrtle Ln West Palm Beach, FL 33417

Estimated Value: $491,000 - $528,000

4 Beds
2 Baths
1,638 Sq Ft
$309/Sq Ft Est. Value

Last Sold August 23, 2013

Last sale price $135,000 $82 Per Sq Ft

Est. 275% increase in value since last sale

Current estimated payment $3,205/month

12 Days on Market

About This Home

As of August 2013

Great investment property with $1700 monthly gross income. 100% occupancy with yearly lease agreements. Close to major ways and shopping centers.

Last Agent to Sell the Property

Baris Keser

KSR Properties License #3273596 Listed on: 07/11/2013

Last Buyer's Agent

Ricardo Remis

The Keyes Company License #3063990

The Keyes Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,839

Year Built

  • Built in 1983

Lot Details

  • 10,019

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,638 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $20,400
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 00424325030000430

Community Details

Overview

  • 2 Units
  • Merlin Park Rev Subdivision

Building Details

  • Operating Expense $3,000
  • Net Operating Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,839

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: OKECHOBEE BLVD TO MILITARY, S TO MYRTLE LANE MAKE A RIGHT
  • Year Built: 1983
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1638.0

Exterior Features

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, 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 #: 00424325030000430
  • Zoning Description: RH

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 17400.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 3000.0
  • Total Actual Rent: 20400.0

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1839.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2013
Closed on
Aug 20, 2013
Sold by
Bosphorus Property Management Llc
Bought by
Florida Angels Investments Llc
Seller's Agent
Baris Keser
KSR Properties
Buyer's Agent
Ricardo Remis
The Keyes Company
List Price
$129,000
Sold Price
$135,000
Premium/Discount to List
$6,000
4.65%
Current Estimated Value
$505,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,692
Avg. Annual Appreciation
11.38%

Purchase Details

Listed on
Sep 9, 2011
Closed on
May 31, 2013
Sold by
Alexander Joseph E and Alexander Bernadette
Bought by
Bosphorus Property Management Llc
Seller's Agent
Mardjan Barimani
Florida Real Assist Inc
Buyer's Agent
Mardjan Barimani
Florida Real Assist Inc
List Price
$75,000
Sold Price
$69,000
Premium/Discount to List
-$6,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2013.15%

Purchase Details

Closed on
Sep 21, 2000
Sold by
Shanmatie Abraham and Shanmatie Cowrie
Bought by
Alexander Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,676
Interest Rate
8.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 1997
Sold by
Sec Of Hud
Bought by
Cowrie Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.46%

Purchase Details

Closed on
Apr 9, 1997
Sold by
National City Mortgage Co
Bought by
Sec Of Hud

Purchase Details

Closed on
Mar 21, 1997
Sold by
Clerk Of The Circuit Court
Bought by
National City Mortgage Company
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
Florida Angels Investments Llc $135,000 K Title Company Llc
Bosphorus Property Management Llc $69,000 Attorney
Alexander Joseph $79,000 --
Cowrie Abraham $49,200 --
Sec Of Hud $100 --
National City Mortgage Company $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexander Joseph $140,000
Previous Owner Alexander Joseph $71,000
Previous Owner National City Mortgage Company $65,676
Previous Owner National City Mortgage Company $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2013 08/23/13 Sold $135,000 +4.7% $82 / Sq Ft
07/24/2013 07/24/13 Pending -- -- --
07/11/2013 07/11/13 For Sale $129,000 +87.0% $79 / Sq Ft
06/03/2013 06/03/13 Sold $69,000 -8.0% $42 / Sq Ft
05/04/2013 05/04/13 Pending -- -- --
09/09/2011 09/09/11 For Sale $75,000 -- $46 / 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 $4,939 $193,949 -- --
2023 $4,737 $176,317 $93,654 $241,387
2022 $4,194 $160,288 $0 $0
2021 $3,636 $198,071 $60,000 $138,071
2020 $3,450 $189,471 $72,000 $117,471
2019 $3,379 $191,280 $72,000 $119,280
2018 $2,550 $109,478 $23,625 $85,853
2017 $2,500 $109,478 $23,625 $85,853
2016 $2,487 $106,054 $0 $0
2015 $2,547 $106,054 $0 $0
2014 $2,430 $98,556 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Baris Keser

    Seller's Agent in 2013

    Baris Keser

    KSR Properties

    (561) 602-8906

    36 Total Sales

    Section Image

  • M

    Seller's Agent in 2013

    Mardjan Barimani

    Florida Real Assist Inc

  • Ricardo Remis

    Buyer's Agent in 2013

    Ricardo Remis

    The Keyes Company

    (561) 351-4449

    37 Total Sales

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Map

Source: BeachesMLS

MLS Number: R9960686

BeachesMLS

APN: 00-42-43-25-03-000-0430

Florida Palm Beach County West Palm Beach 33417

4629 Myrtle Ln, West Palm Beach, FL

This home is located at 4629 Myrtle Ln, West Palm Beach, FL 33417 since 11 July 2013 and is currently estimated at $505,692, approximately $308 per square foot. This property was built in 1983. 4629 Myrtle Ln is a home located in Palm Beach County with nearby schools including Egret Lake 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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