NOT LISTED FOR SALE

502 S K St Lake Worth, FL 33460

Downtown Jewel Neighborhood

Estimated Value: $449,268 - $510,000

3 Beds
3 Baths
1,640 Sq Ft
$295/Sq Ft Est. Value

Sale Details

Date Sold: April 7, 2021

Last sale price $339,000 $207 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,455 / mo

34 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Central Heating and Cooling System

About This Home

As of April 2021

LEGAL TRIPLEX (3 UNITS) IN LAKE WORTH BEACH! CONCRETE-BLOCK! ONE-STORY! EAST OF DIXIE! Are you exasperated by owning complicated-to-maintain, two-story, money-pit, wood-frame structures? Switch to what INTELLIGENT INVESTORS buy... A one-story, CBS, simplistic rectangle! Easy-to-manage, profitable, rental property. This one was built in 1970. Current owner did total contemporary renovations to all kitchens, baths, flooring, and more. Each apartment has its own central a/c. Individual electric meters too. End-cap entry of two of the three apartments enables those to have private yards... A rare feature, to command premium rent. Direct five-block walk to Lake Avenue's entertainment district. Short bike ride to the beach. Picturesque DOWNTOWN JEWEL neighborhood.

Last Agent to Sell the Property

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 01/30/2021

Last Buyer's Agent

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 01/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,046

Year Built

  • Built in 1970

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3 Bathrooms
  • 1,640 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power

Listing and Financial Details

  • Assessor Parcel Number 38434421151690160

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Town Of Lake Worth: Downtown Jewel Subdivision

Building Details

  • Gross Income $27,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,046

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Take 6th Avenue South to South K Street and turn North. Property is on the East side of the street.
  • Year Built: 1970
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1640.0

Exterior Features

  • Exterior Features: None
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Individual
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 38434421151690160
  • Mobile Dim Units: Feet
  • Zoning: SFR

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5046.0

Multi Family

  • Number Of Units In Community: 3
  • Annual Gross Income: 27300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2021
Closed on
Apr 7, 2021
Sold by
Lucht Kenneth H
Bought by
502 S K Street Llc
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Bret Taylor
Southdale Properties Inc.
List Price
$345,000
Sold Price
$339,000
Premium/Discount to List
-$6,000
-1.74%
Current Estimated Value
$484,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,567
Avg. Annual Appreciation
7.44%

Purchase Details

Closed on
May 17, 2006
Sold by
Sills James M
Bought by
Lucht Kenneth H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
6.41%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 4, 2005
Sold by
Barakon Gennady
Bought by
Sills James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,912
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2004
Sold by
Petrillo Joseph
Bought by
Barakon Gennady

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2002
Sold by
Petrillo Joseph and Petrillo Siobhan
Bought by
Petrillo Joseph

Purchase Details

Closed on
Jun 29, 2000
Sold by
Ladicani Rodolfo and Ladicani Robin
Bought by
Petrillo Joseph C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
8.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 1995
Sold by
Vaides Ivan S
Bought by
Ladicani Ii Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.43%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
502 S K Street Llc $339,000 Attorney
Lucht Kenneth H $275,000 Universal Land Title Inc
Sills James M $220,000 --
Barakon Gennady $185,000 Title Guaranty Of S Fl Inc
Petrillo Joseph -- --
Petrillo Joseph C $82,000 --
Ladicani Ii Rodolfo $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucht Kenneth H $192,500
Previous Owner Sills James M $165,912
Previous Owner Barakon Gennady $166,500
Previous Owner Petrillo Joseph C $65,600
Previous Owner Ladicani Ii Rodolfo $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2021 04/07/21 Sold $339,000 -1.7% $207 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
01/30/2021 01/30/21 For Sale $345,000 -- $210 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $10,138 $399,203 -- --
2024 $10,138 $390,825 -- --
2023 $9,579 $362,446 $0 $0
2022 $8,741 $329,496 $0 $0
2021 $5,312 $287,939 $125,550 $162,389
2020 $5,045 $271,100 $137,700 $133,400
2019 $4,737 $248,948 $113,400 $135,548
2018 $4,015 $185,607 $81,820 $103,787
2017 $3,735 $158,244 $74,382 $83,862
2016 $3,462 $77,991 $0 $0
2015 $3,284 $70,901 $0 $0
2014 $3,114 $64,455 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bret Taylor

    Southdale Properties Inc.

    (561) 255-5310

    2 in this area

    75 Total Sales

    Bret Taylor
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10688684

BeachesMLS (Greater Fort Lauderdale)

APN: 38-43-44-21-15-169-0160

Florida Palm Beach County Lake Worth 33460 Downtown Jewel

502 S K St, Lake Worth, FL

Not Listed for Sale

MultiFamily

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BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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