NOT LISTED FOR SALE

4642 Myla Ln West Palm Beach, FL 33417

Estimated Value: $631,259 - $788,000

8 Beds
4 Baths
2,677 Sq Ft
$256/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $440,000 $164 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,544/month

5 Days on Market

Highlights

  • Water Views
  • Patio
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of December 2020

Great opportunity for residential income. Loyal tenants already in place. High cap rate of 9.7 % great central location. Each of the four units has two bedrooms and one full bathroom. Each unit is estimated to be 669 square feet. There are washer and dryer hookups available on the outside back porch of the building. Each tenant provides a washer and dryer of their own. Each unit also has its own separate electric and water meters.

Last Agent to Sell the Property

Jan Pennanen

Reliant Realty ERA Powered License #3228200 Listed on: 10/25/2020

Reliant Realty ERA Powered

Co-Listed By

Jyrki Koivuharju

Reliant Realty ERA Powered License #3242629

Last Buyer's Agent

Loubert Telcy

Exit Realty Premier Elite License #3360200

Exit Realty Premier Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,271

Year Built

  • Built in 1972

Lot Details

  • 9,583

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,677 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Water Views

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00424325030000250

Community Details

Overview

  • 4 Units
  • Merlin Park Revised In Subdivision

Building Details

  • Operating Expense $6,471
  • Net Operating Income $41,529

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,271

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: West of 95 on Okeechobee Blvd south on Military, West on Myla. Property on southside.
  • Year Built: 1972
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2677.0

Exterior Features

  • Exterior Features: None, Patio
  • View: Other, Water
  • 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: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00424325030000250
  • Lot Size: < 1/4 Acre,Paved Road,We
  • Zoning Description: RH

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 41529.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 6471.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5271.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2020
Closed on
Dec 1, 2020
Sold by
Mendoza Ingrid M and Mendoza Ingrid M
Bought by
Telcy Loubert
Seller's Agent
Jan Pennanen
Reliant Realty ERA Powered
Buyer's Agent
Loubert Telcy
Exit Realty Premier Elite
List Price
$425,000
Sold Price
$440,000
Premium/Discount to List
$15,000
3.53%
Current Estimated Value
$684,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,315
Avg. Annual Appreciation
9.88%
Original Mortgage
$330,000
Outstanding Balance
$298,305
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$385,457

Purchase Details

Closed on
Sep 24, 2007
Sold by
Mendoza Sixto Rolando Cuba and Mendoza Ingrid M
Bought by
Mendoza Sixto Rolando Cuba and Mendoza Ingrid M

Purchase Details

Closed on
Oct 17, 2005
Sold by
Foriere Roberto and Foriere Greta
Bought by
Mendoza Rolando C and Mendoza Ingrid M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2000
Sold by
West Palm Beach Hous Dev Inc
Bought by
Foriere Roberto and Foriere Greta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
7.65%
Mortgage Type
New Conventional
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
Telcy Loubert $440,000 Attorney
Mendoza Sixto Rolando Cuba -- Attorney
Mendoza Rolando C $425,000 Flagler Title Company
Foriere Roberto $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Telcy Loubert $330,000
Previous Owner Mendoza Rolando C $50,000
Previous Owner Foriere Roberto $185,500
Previous Owner Foriere Roberto $98,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $440,000 +3.5% $164 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
10/26/2020 10/26/20 For Sale $425,000 -- $159 / 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 $9,173 $460,480 -- --
2023 $9,520 $418,618 $187,308 $395,641
2022 $8,491 $380,562 $0 $0
2021 $7,451 $345,965 $120,000 $225,965
2020 $2,721 $296,860 $144,000 $152,860
2019 $4,689 $299,365 $144,000 $155,365
2018 $3,417 $164,122 $47,250 $116,872
2017 $3,243 $164,122 $47,250 $116,872
2016 $1,621 $112,853 $0 $0
2015 $3,106 $102,594 $0 $0
2014 $2,950 $93,267 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jan Pennanen

    Reliant Realty ERA Powered

    (561) 951-7631

    22 Total Sales

    Section Image
  • Jyrki Koivuharju

    Seller Co-Listing Agent in 2020

    Jyrki Koivuharju

    Reliant Realty ERA Powered

    (561) 436-2295

    18 Total Sales

    Section Image

  • L

    Buyer's Agent in 2020

    Loubert Telcy

    Exit Realty Premier Elite

    (561) 689-4766

    18 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10666246

BeachesMLS

APN: 00-42-43-25-03-000-0250

Florida Palm Beach County West Palm Beach 33417

4642 Myla Ln, West Palm Beach, FL

This home is located at 4642 Myla Ln, West Palm Beach, FL 33417 since 25 October 2020 and is currently estimated at $684,315, approximately $255 per square foot. This property was built in 1972. 4642 Myla 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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