NOT LISTED FOR SALE

Estimated Value: $567,464 - $886,000

-- Bed
3 Baths
2,600 Sq Ft
$261/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $418,000 $161 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,225/month

49 Days on Market

Highlights

  • Water Views
  • Room in yard for a pool
  • Ceramic Tile Flooring
  • 12,319 Sq Ft lot
  • Cooling Available
  • Ceiling Fan

About This Home

As of August 2020

GREAT LOCATION TRIPLEX IN HEART OF EVERYTHING. 10 MIN TO I-95, WELLINGTON MALL, WELLINGTON HOSPITAL, TURNPIKE, CITY PLACE, WEST PALM BEACH. 3 UNITS OF 2 BED/ 1 BATHS WITH BACKYARDS. NO ROOM FOR A POOL/ ALL SEPTIC FIELD/SYSTEMS OR PARKING. LARGE PARKING SPACE, IN A QUIET LOCATION. NO HOA, .....GREAT RENTAL POTENTIAL, OR AIR B&B. OWNER JUST INSTALLED BRAND NEW SEPTIC TANK/ DRAIN FIELD/ LIFT STATION. NEW AC, BRAND NEW RENOVATED TWO UNITS. PERFECT PROJECT FOR INVESTOR TO UPDATE AND INCREASE RENTAL INCOME.LONG TERM TENANTS/ GREAT LOCATION.

Last Agent to Sell the Property

Kim Duong

Highlight Realty Corp/LW License #708147 Listed on: 06/05/2020

Last Buyer's Agent

Jean Garcon

Good Deal Realty LLC License #3188889

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,833

Year Built

  • Built in 1977

Lot Details

  • 0.28

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring
  • Water Views

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank
  • Cable TV Available

Additional Features

  • Room in yard for a pool
  • 0.28 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 00424412000007100

Community Details

Overview

  • 3 Units
  • Uncorp. Subdivision

Building Details

  • Operating Expense $2,700
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,833

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: TAKE MILITARY TO NORTH, PAST FORREST HILL BLVD, HAIR LAND ROAD IS FIRST STREET TO LEFT OF PLAZA.
  • Year Built: 1977
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2600.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Room For Pool
  • View: Other, Water
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Water Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 00424412000007100
  • Lot Size Sq Ft: 12319.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 30000.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 2700.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4833.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2023
Sold by
Despinos Paul and Despinos Georgina
Bought by
Png Margrow Mf Llc
Current Estimated Value
$678,366

Purchase Details

Closed on
Jan 12, 2022
Sold by
Kka Management Inc
Bought by
Despinos Paul and Despinos Georgina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.22%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 5, 2020
Closed on
Aug 22, 2020
Sold by
Lin Steve Shiann Tzuoo and Lin May Shang
Bought by
Kka Management Inc
Seller's Agent
Kim Duong
Highlight Realty Corp/LW
Buyer's Agent
Jean Garcon
Good Deal Realty LLC
List Price
$475,000
Sold Price
$418,000
Premium/Discount to List
-$57,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$290,000
Interest Rate
2.9%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Png Margrow Mf Llc -- None Listed On Document
Png Margrow Mf Llc -- None Listed On Document
Despinos Paul $470,000 Falk Allen
Despinos Paul $470,000 Falk Allen
Kka Management Inc $418,000 Infinity Title & Setmnt Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Despinos Paul $80,000
Previous Owner Kka Management Inc $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2020 08/24/20 Sold $418,000 -12.0% $161 / Sq Ft
07/25/2020 07/25/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $475,000 0.0% $183 / Sq Ft
11/04/2019 11/04/19 Rented $1,000 0.0% --
10/05/2019 10/05/19 Under Contract -- -- --
11/12/2018 11/12/18 For Rent $1,000 +17.6% --
08/29/2014 08/29/14 For Rent $850 0.0% --
08/29/2014 08/29/14 Rented $850 -- --
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 $8,021 $411,552 -- --
2023 $7,345 $374,138 $151,257 $222,881
2022 $6,202 $279,254 $0 $0
2021 $5,503 $253,867 $99,137 $154,730
2020 $5,167 $291,170 $117,000 $174,170
2019 $4,836 $262,074 $108,000 $154,074
2018 $4,286 $242,297 $91,216 $151,081
2017 $3,796 $201,914 $76,013 $125,901
2016 $3,623 $133,615 $0 $0
2015 $3,153 $121,468 $0 $0
2014 $2,979 $110,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10628196

BeachesMLS

APN: 00-42-44-12-00-000-7100