NOT LISTED FOR SALE

503 W Drew St Unit A Lantana, FL 33462

Ocean Breeze Neighborhood

Estimated Value: $612,000 - $834,000

4 Beds
2 Baths
2,460 Sq Ft
$288/Sq Ft Est. Value

Last Sold August 03, 2018

Last sale price $340,000 $138 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $4,504/month

28 Days on Market

Highlights

  • Fruit Trees
  • Garden View
  • Patio
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Fenced

About This Home

As of August 2018

This is a solid CBS building that has been impeccably maintained. Updated electric, 2 units with remodeled bathrooms. The roof in pristine condition. New flat deck in back. New gutters all around. Two of the units have fenced in yards for privacy. Lush landscaping, community laundry. There are all long term tenants in place and are on a month to month basis. All units are on separate meters for electric. The owner is responsible for just the water. This is a great opportunity for someone to buy as an investment or live in one unit and keep the other 2 as income. Prime location. Minutes to the beach, fishing pier, park, restaurants and boat drop. This property is a ''True Gem''!

Last Agent to Sell the Property

Amy Sylvia

RE/MAX Prestige Realty License #704244 Listed on: 06/05/2018

RE/MAX Prestige Realty

Co-Listed By

Christina Richman

The District Real Estate of Fl License #3283620

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,883

Year Built

  • Built in 1959

Lot Details

  • 10,512 Sq Ft Lot
  • Fenced
  • Fruit Trees

Home Design

  • Triplex
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,460 Sq Ft Home
  • 1-Story Property
  • Garden Views

Flooring

  • Wood
  • Ceramic Tile

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air

Community Details

  • 3 Units
  • Greynolds Highlands Unit Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40434503150160480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,883

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: S Broadway to Drew street East to property
  • Year Built: 1959
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Other, Wood
  • Living Area: 2460.0

Exterior Features

  • Exterior Features: Fence, Fruit Trees, Patio
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick Veneer, Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 40434503150160480
  • Lot Size Sq Ft: 10512.0
  • Zoning Description: R15(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4883.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2018
Closed on
Aug 3, 2018
Sold by
Newhart Mark and Newhart Carol
Bought by
Lucce Luckson
Seller's Agent
Amy Sylvia
RE/MAX Prestige Realty
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%
Total Days on Market
28
Current Estimated Value
$709,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,139
Avg. Annual Appreciation
11.01%
Original Mortgage
$255,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2016
Sold by
Albright Edgar L and Albright Maricia L
Bought by
Newhart Mark and Newhart Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2002
Sold by
Albright Edgar L
Bought by
Albright Edgar L and Albright Marcia L
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
Lucce Luckson $340,000 First American Title Insuran
Newhart Mark $225,000 First International Title
Albright Edgar L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucce Luckson $281,250
Closed Lucce Luckson $255,000
Previous Owner Newhart Mark $168,750
Previous Owner Albright Edgar L $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2018 08/03/18 Sold $340,000 -2.8% $138 / Sq Ft
07/04/2018 07/04/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $349,900 -- $142 / 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 $8,894 $365,548 -- --
2023 $7,845 $335,253 $0 $0
2022 $7,380 $307,627 $0 $0
2021 $6,627 $282,429 $0 $0
2020 $7,719 $312,199 $131,100 $181,099
2019 $7,167 $281,168 $114,000 $167,168
2018 $5,791 $257,360 $107,588 $149,772
2017 $4,883 $185,919 $86,071 $99,848
2016 $5,032 $191,407 $0 $0
2015 $4,755 $174,006 $0 $0
2014 $4,935 $168,824 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Sylvia

    Seller's Agent in 2018

    Amy Sylvia

    RE/MAX

    (561) 541-5559

    1 in this area

    31 Total Sales

    Amy Sylvia
    Section Image
  • Christina Richman

    Seller Co-Listing Agent in 2018

    Christina Richman

    The District Real Estate of Fl

    (561) 345-0961

    4 Total Sales

    Christina Richman
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10437277

BeachesMLS

APN: 40-43-45-03-15-016-0480

Florida Palm Beach County Lantana 33462 Ocean Breeze

503 W Drew St Unit A, Lantana, FL

This home is located at 503 W Drew St Unit A, Lantana, FL 33462 since 05 June 2018 and is currently estimated at $709,139, approximately $288 per square foot. This property was built in 1959. 503 W Drew St Unit A 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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