NOT LISTED FOR SALE

4705 Springfield St Lake Worth, FL 33463

Lake Worth Corridor Neighborhood

Estimated Value: $406,222 - $418,000

-- Bed
2 Baths
1,278 Sq Ft
$324/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $237,500 $186 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,565/month

20 Days on Market

Highlights

  • Waterfront
  • Canal View
  • Fenced
  • Canal Access
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

As of December 2020

This duplex consists of two 2 bedrooms, one bathroom units. Both units are currently rented for $900.00 each with good month to month tenants. Rents are below market value. Investors: there is plenty of room to increase rents on this property and maximize your return OR live in one unit and rent the other one. The vacant lot (25'x100') next to this property in also included in this sale. Making of this a 10,000 S/F lot. Plenty of space for Trailers, RV, trucks or any toys you want to bring. Very private dirt road. Water system and septic tank very well maintained. Centrally located. FPL utilities.Current Net ROI 6%. Potential Net ROI after increasing rents to market value 9%+

Last Agent to Sell the Property

Alex Rios

Treasure Property Group LLC License #3427197 Listed on: 11/02/2020

Co-Listed By

Angelica Berrio

KW Reserve License #3267259

Last Buyer's Agent

Carlos De La Rosa

Weichert Realtors-Royal Heritage License #3180778

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,738

Year Built

  • Built in 1975

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 75x100
  • Waterfront
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,278 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Canal Views

Outdoor Features

  • Canal Access

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 00424424100000940

Community Details

Overview

  • 2 Units
  • Kenwood Subdivision

Building Details

  • Operating Expense $5,600
  • Net Operating Income $16,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,738

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: North of Lake Worth Rd. Head North on Military Trail. Pass Bowman St/Lakewood Rd. Left on Cambridge St. Make 1st left (no street name). Right on Springfield St. Property on the right side.
  • Year Built: 1975
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Living Area: 1278.0

Exterior Features

  • Exterior Features: Fence
  • View: Canal
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Other
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 00424424100000940
  • Lot Size: 75x100
  • Lot Size Sq Ft: 7500.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 16000.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5600.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3738.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
Dec 23, 2020
Sold by
Monge Maria I
Bought by
Desada Ever
Seller's Agent
Alex Rios
Treasure Property Group LLC
Buyer's Agent
Carlos De La Rosa
Weichert Realtors-Royal Heritage
List Price
$254,900
Sold Price
$237,500
Premium/Discount to List
-$17,400
-6.83%
Current Estimated Value
$413,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,306
Avg. Annual Appreciation
13.60%
Original Mortgage
$230,743
Outstanding Balance
$206,374
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$224,921

Purchase Details

Closed on
Mar 9, 2020
Sold by
M & M Investment Associates Llc
Bought by
Monge Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,750
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2017
Closed on
Feb 7, 2018
Sold by
Lucas Paul and Lucas Caroline Bonfante
Bought by
M & M Investment Associates Llc
Seller's Agent
John Ricciuti
United Realty Group Inc
Buyer's Agent
Michelle Mendez
Platinum Preferred Realty LLC
List Price
$210,000
Sold Price
$168,000
Premium/Discount to List
-$42,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.28%
Original Mortgage
$142,500
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2015
Sold by
Lucas Paul and Lucas Caroline Bonfante
Bought by
Lucas Paul and Lucas Caroline Bonfante

Purchase Details

Closed on
May 23, 2005
Sold by
Lucas Paul
Bought by
Lucas Paul and Bonfante Caroline

Purchase Details

Closed on
Mar 2, 1999
Sold by
Junker Robert O
Bought by
Lucas Paul
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
Desada Ever $237,500 North American Title Company
Monge Maria I -- Attorney
M & M Investment Associates Llc $168,000 Mizner Title & Escrow Inc
Lucas Paul -- Title Connect Llc
Lucas Paul -- --
Lucas Paul $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desada Ever $230,743
Previous Owner Monge Maria I $180,750
Previous Owner M & M Investment Associates Llc $142,500
Previous Owner Lucas Paul $48,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2020 12/23/20 Sold $237,500 -6.8% $186 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $254,900 +51.7% $199 / Sq Ft
02/07/2018 02/07/18 Sold $168,000 -20.0% $131 / Sq Ft
01/08/2018 01/08/18 Pending -- -- --
11/07/2017 11/07/17 For Sale $210,000 -- $164 / 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 $3,772 $210,221 -- --
2023 $3,655 $204,098 $0 $0
2022 $3,617 $198,153 $0 $0
2021 $3,516 $192,382 $91,250 $101,132
2020 $3,691 $162,360 $72,000 $90,360
2019 $3,740 $162,360 $72,000 $90,360
2018 $2,512 $149,683 $71,098 $78,585
2017 $2,225 $121,073 $50,784 $70,289
2016 $2,105 $67,518 $0 $0
2015 $1,969 $61,380 $0 $0
2014 $1,789 $55,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Rios

    Seller's Agent in 2020

    Alex Rios

    Treasure Property Group LLC

    (561) 201-6055

    2 in this area

    54 Total Sales

    Alex Rios
    Section Image
  • Angelica Berrio

    Seller Co-Listing Agent in 2020

    Angelica Berrio

    KW Reserve

    (561) 403-6207

    1 in this area

    88 Total Sales

    Angelica Berrio
    Section Image

  • C

    Buyer's Agent in 2020

    Carlos De La Rosa

    Weichert Realtors-Royal Heritage

    (561) 420-8100

    3 in this area

    82 Total Sales

    Carlos De La Rosa
    Section Image
  • John Ricciuti

    Seller's Agent in 2018

    John Ricciuti

    United Realty Group Inc

    (561) 212-9561

    28 Total Sales

    John Ricciuti
    Section Image

  • M

    Buyer's Agent in 2018

    Michelle Mendez

    Platinum Preferred Realty LLC

    (561) 713-1141

    23 Total Sales

    Michelle Mendez
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10668082

BeachesMLS

APN: 00-42-44-24-10-000-0940

Florida Palm Beach County Lake Worth 33463 Lake Worth Corridor

4705 Springfield St, Lake Worth, FL

This home is located at 4705 Springfield St, Lake Worth, FL 33463 since 02 November 2020 and is currently estimated at $413,806, approximately $323 per square foot. This property was built in 1975. 4705 Springfield St is a home located in Palm Beach County with nearby schools including Greenacres Elementary School, John I. Leonard High School, and L C Swain Middle 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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