NOT LISTED FOR SALE

4735 Cole St West Palm Beach, FL 33417

Estimated Value: $480,657 - $624,000

-- Bed
2 Baths
2,437 Sq Ft
$231/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $250,000 $103 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $3,536/month

23 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Wall Furnace

About This Home

As of May 2017

If you've been looking for cash flow, look no further! Enjoy higher cap rates with monthly rental income of $2150. This good condition, fully leased CBS Triplex has three units (two 3/1's and a 1/1) with separate electric and water meters. Roof is approx 6-7 years old. This property is minutes from the new Ballparks of the Palm Beaches, the Palm Beach International Airport and public transportation. Prior to setting up appointments and coordinating with the tenants, make sure to view all pictures and drive by - please do NOT DISTURB THE TENANTS NOR WALK THE PROPERTY. All information is to be deemed true and correct however buyers agents are encouraged to verify all facts and figures.

Last Agent to Sell the Property

Taryn Pisaneschi

EXP Realty LLC License #3270481 Listed on: 04/18/2017

EXP Realty LLC

Co-Listed By

Roger Pisaneschi

EXP Realty LLC License #3278639

Last Buyer's Agent

Newmon Mathai

Sobri Realty Group LLC License #3238158

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,532

Year Built

  • Built in 1964

Lot Details

  • 0.26 Acre Lot

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,437 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

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

Listing and Financial Details

  • Total Actual Rent $25,800
  • Rent includes electricity, cable TV, water
  • Assessor Parcel Number 00424325000007710

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $5,333
  • Net Operating Income $20,467

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,532

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: -
  • Year Built: 1964
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2437.0

Exterior Features

  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • 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

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

Lot Info

  • Parcel #: 00424325000007710
  • Lot Size Sq Ft: 11505.0
  • Zoning Description: RH
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 20467.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 5333.0
  • Total Actual Rent: 25800.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2532.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2017
Closed on
May 12, 2017
Sold by
Roberts Margaret Ann and The Jose De Ponte Terceira Irr
Bought by
Selvey Llc
Seller's Agent
Taryn Pisaneschi
EXP Realty LLC
Buyer's Agent
Newmon Mathai
Sobri Realty Group LLC
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Current Estimated Value
$563,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,219
Avg. Annual Appreciation
10.20%

Purchase Details

Closed on
Jan 19, 2015
Sold by
Terceira Jose
Bought by
Jose De Ponte Terceira Irrevocable Livin and Roberts Margaret Ann

Purchase Details

Closed on
Dec 11, 2014
Sold by
Terceira Jose and Roberts Margaret Ann
Bought by
Terceira Jose
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
Selvey Llc $250,000 Homepartners Title Svcs
Jose De Ponte Terceira Irrevocable Livin -- Attorney
Terceira Jose -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold $250,000 -9.1% $103 / Sq Ft
04/18/2017 04/18/17 For Sale $275,000 -- $113 / 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 $5,602 $240,547 -- --
2023 $5,692 $218,679 $140,481 $276,963
2022 $5,019 $198,799 $0 $0
2021 $4,350 $248,366 $90,000 $158,366
2020 $4,275 $259,320 $108,000 $151,320
2019 $4,173 $259,320 $108,000 $151,320
2018 $3,002 $135,782 $35,438 $100,344
2017 $2,630 $135,782 $35,438 $100,344
2016 $2,532 $95,468 $0 $0
2015 $2,516 $86,789 $0 $0
2014 $2,401 $78,899 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10326909

BeachesMLS

APN: 00-42-43-25-00-000-7710