NOT LISTED FOR SALE

505 54th St West Palm Beach, FL 33407

Northwood Harbor Neighborhood

Estimated Value: $373,917 - $627,000

2 Beds
2 Baths
1,175 Sq Ft
$425/Sq Ft Est. Value

Last Sold September 26, 2018

Last sale price $210,000 $179 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $3,227/month

100 Days on Market

Highlights

  • Room in yard for a pool
  • Garden View
  • Awning
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Brian H Chappell Park

About This Home

As of September 2018

Lovely Spanish Style Duplex in Up & Coming 'Northwood Harbor Historic District' with Intracoastal View from front yard! Walk to the Intracoastal Park just 1 block away & Flagler Dog Park near by. Two legal 1 bedrm/ 1 bath units w/living & Florida rooms & Full Kitchens. All windows upgraded, 1 original fireplace, 1 bathroom w/ Feestanding Soaker Tub, Each unit has Fenced Private Backyard! East Unit has Full Size Washer & Dryer.HOME has Tremendous POTENTIAL to be RESTORED TO ORIGINAL SINGLE FAMILY OR MAINTAIN AS DUPLEX/RENTAL! Great location Close to Downtown West Palm, Beaches, shopping, restaurants & I95.Tenant Occupied, DO NOT DISTURB, Drive-By Only. Intracoastal park has Pier w/ views of famous Peanut Island, a Tropical park for Boaters w/Fishing & snorkeling. All measurements approx

Last Agent to Sell the Property

Robert Barratt

United Realty Group Inc License #3072844 Listed on: 05/18/2018

United Realty Group Inc

Co-Listed By

Linda Cervantes

United Realty Group, Inc License #3087616

Last Buyer's Agent

Barry Frette

William Raveis Real Estate License #3311433

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,927

Year Built

  • Built in 1928

Lot Details

  • 5,097

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,175 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Awning
  • Single Hung Metal Windows
  • Blinds
  • Garden Views

Flooring

  • Wood
  • Clay
  • Laminate
  • Ceramic Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Cable TV Available

Additional Features

  • Room in yard for a pool
  • Fenced

Listing and Financial Details

  • Assessor Parcel Number 74434304060520300

Community Details

Overview

  • 2 Units
  • Northwood Harbor Subdivision

Building Details

  • Operating Expense $7,022
  • Net Operating Income $14,578

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,927

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: NORTH PALM BEACH PL NO 3 LTS 30 & 31 BLK 52
  • Year Built: 1928
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Clay, Ceramic Tile, Laminate, Wood
  • Living Area: 1175.0
  • Window Features: Blinds, Metal, Single Hung

Exterior Features

  • Exterior Features: Awning(s), Fence, Room For Pool
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Frame
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434304060520300
  • Zoning Description: SF7 c4

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 14578.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 7022.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1927.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2018
Closed on
Sep 26, 2018
Sold by
Barratt Robert E and Burnor John A
Bought by
Connor Stephen O
Seller's Agent
Robert Barratt
United Realty Group Inc
Buyer's Agent
Barry Frette
William Raveis Real Estate
List Price
$235,000
Sold Price
$210,000
Premium/Discount to List
-$25,000
-10.64%
Current Estimated Value
$499,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,229
Avg. Annual Appreciation
11.89%
Original Mortgage
$157,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2004
Sold by
Halvorsen Andre
Bought by
Barratt Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2001
Sold by
Scalpi Michael
Bought by
Halvorsen Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
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
Connor Stephen O $210,000 South Florida Title Associat
Barratt Robert E $149,000 Universal Land Title Inc
Halvorsen Andre $70,000 Flagler Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connor Stephen O $157,500
Previous Owner Barratt Robert E $119,200
Previous Owner Halvorsen Andre $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2018 09/26/18 Sold $210,000 -10.6% $179 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $235,000 -- $200 / 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 $6,956 $293,351 -- --
2023 $6,003 $266,683 $142,772 $139,866
2022 $5,511 $242,439 $0 $0
2021 $1,072 $69,849 $0 $0
2020 $2,743 $149,205 $0 $0
2019 $2,568 $134,672 $48,400 $86,272
2018 $2,144 $108,980 $44,253 $64,727
2017 $1,927 $95,247 $30,520 $64,727
2016 $1,636 $62,063 $0 $0
2015 $1,872 $69,054 $0 $0
2014 $1,785 $62,776 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Robert Barratt

    United Realty Group Inc

    (561) 317-6526

    6 Total Sales

    Robert Barratt
    Section Image
  • Linda Cervantes

    Seller Co-Listing Agent in 2018

    Linda Cervantes

    United Realty Group, Inc

    (561) 313-4975

    78 Total Sales

    Linda Cervantes
    Section Image
  • Barry Frette

    Buyer's Agent in 2018

    Barry Frette

    William Raveis Real Estate

    (561) 880-5587

    47 Total Sales

    Barry Frette
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10432938

BeachesMLS

APN: 74-43-43-04-06-052-0300

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

505 54th St, West Palm Beach, FL

This home is located at 505 54th St, West Palm Beach, FL 33407 since 18 May 2018 and is currently estimated at $499,229, approximately $424 per square foot. This property was built in 1928. 505 54th St is a home located in Palm Beach County with nearby schools including Northmore Elementary School, John F. Kennedy Middle School, and Palm Beach Lakes Community High 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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