NOT LISTED FOR SALE

502 S Lake Dr Lantana, FL 33462

East Central Boulevard Neighborhood

Estimated Value: $500,000 - $829,000

-- Bed
3 Baths
3,152 Sq Ft
$218/Sq Ft Est. Value

Last Sold February 13, 2015

Last sale price $340,000 $108 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $4,415/month

28 Days on Market

Highlights

  • Intracoastal View
  • Corner Lot
  • Central Heating and Cooling System
  • Wood Flooring

About This Home

As of February 2015

Instant Money Maker,Best Deal,duplex and a cozy cottage.All 3 units are all rented out untill 2/1/16 with long term tenants that have been there since 2007.Newer appliances and water heater.Most windows have been replaced recently for energy efficiency .Original Miami pinewood floors dating 1930 have been preserved and are in mint condition. Original Crystal doorknobs dating 1930.Lots of storage and closet space.Just a short walk away from intracostal bridge, parks and the beach.

Last Agent to Sell the Property

Lidija Bizimoski

Re/Max Direct License #3298111 Listed on: 01/15/2015

Last Buyer's Agent

Avraham Dagan

Landrich Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,214

Year Built

  • Built in 1930

Lot Details

  • 7,710

Property Views

  • Intracoastal
  • Garden

Home Design

  • Triplex
  • Barrel Roof Shape
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,152 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Clay

Additional Features

  • Corner Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $29,520
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 40434503080030021

Community Details

Overview

  • 3 Units
  • Pinewood Park Subdivision

Building Details

  • Operating Expense $11,200
  • Net Operating Income $17,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,214

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: I 95 to Lantana Rd, south on Dixie Hwy,east on lake Worth Ave, property on the right
  • Year Built: 1930
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Clay, Wood
  • Living Area: 3152.0

Exterior Features

  • View: Garden, Intercoastal
  • Lot Features: Corner Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Property Condition: Resale
  • Roof: Barrel, Metal

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 40434503080030021
  • Zoning Description: R3 - Res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 17550.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 11200.0
  • Total Actual Rent: 29520.0

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 4214.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2015
Closed on
Feb 12, 2015
Sold by
Tolomanoski Verce
Bought by
Fire Apt Llc
Seller's Agent
Lidija Bizimoski
Re/Max Direct
Buyer's Agent
Avraham Dagan
Landrich Real Estate, Inc.
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%
Current Estimated Value
$687,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,950
Avg. Annual Appreciation
6.69%

Purchase Details

Closed on
Jan 9, 2008
Sold by
Ray William E and Roberts Timothy K
Bought by
Tolomanoski Verce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,013
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage
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
Fire Apt Llc $340,000 Security Title & Escrow Inc
Tolomanoski Verce $385,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tolomanoski Verce $289,013
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2015 02/13/15 Sold $340,000 -2.6% $108 / Sq Ft
01/15/2015 01/15/15 For Sale $349,000 -- $111 / 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 $8,991 $332,375 -- --
2023 $8,653 $302,159 $0 $0
2022 $7,565 $274,690 $0 $0
2021 $6,470 $249,718 $85,622 $164,096
2020 $8,149 $331,372 $157,500 $173,872
2019 $7,827 $335,626 $157,500 $178,126
2018 $6,902 $283,685 $145,230 $138,455
2017 $6,411 $284,744 $116,184 $168,560
2016 $5,737 $226,260 $0 $0
2015 $4,596 $134,427 $0 $0
2014 $4,214 $122,206 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lidija Bizimoski

    Seller's Agent in 2015

    Lidija Bizimoski

    RE/MAX

    (561) 306-4669

    44 Total Sales

    Lidija Bizimoski
    Section Image

  • A

    Buyer's Agent in 2015

    Avraham Dagan

    Landrich Real Estate, Inc.

  • D

    Buyer's Agent in 2015

    Doron Landrich

    Landrich Real Estate, Inc.

    8 Total Sales

    Doron Landrich
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10103019

BeachesMLS

APN: 40-43-45-03-08-003-0021

Florida Palm Beach County Lantana 33462 East Central Boulevard

502 S Lake Dr, Lantana, FL

This home is located at 502 S Lake Dr, Lantana, FL 33462 since 15 January 2015 and is currently estimated at $687,950, approximately $218 per square foot. This property was built in 1930. 502 S Lake Dr is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Lake Worth High School, and Lantana 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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