NOT LISTED FOR SALE

505 SW 9th St Unit 1 Belle Glade, FL 33430

Estimated Value: $224,000 - $339,000

2 Beds
1 Bath
2,280 Sq Ft
$123/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $220,000 $96 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,911/month

93 Days on Market

Highlights

  • Water Views
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Interior Lot
  • Terrazzo Flooring

About This Home

As of May 2023

Great opportunity quadplex fully rented. Unit breakdown: 2 units are 2 bedrooms 1 bath, and 2 units are 1bedroom/1bath. Some units are more updated than others with ceramic tiles newer kitchens, upgraded electrical panels and brand-new roof This property needs to be purchased simultaneously with property 509 SW 9th Street, Belle Glade

Last Agent to Sell the Property

Elizabeth Strehse

Casteland Real Estate Corp License #3033981 Listed on: 01/31/2023

Last Buyer's Agent

Xiaoli Zhou

Highlight Realty Corp/LW License #3231984

Highlight Realty Corp/LW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,782

Year Built

  • Built in 1960

Lot Details

  • 3,920 Sq Ft Lot
  • Interior Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2,280 Sq Ft Home
  • 2-Story Property
  • Single Hung Metal Windows
  • Water Views

Flooring

  • Terrazzo
  • Vinyl

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 04374342020020100

Community Details

Overview

  • 4 Units
  • Baileys Sub 5 Subdivision

Building Details

  • Operating Expense $5,187
  • Net Operating Income $12,198

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,782

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: SOUTH: N. US 27 TO PALM BEACH RD/MAIN ST. FOLLOW MAIN ST. TO S. MLK CONTINUE ON MLK TO SW 9TH ST. NORTH: SOUTHERN BLVD./SR 80/MAIN ST, FOLLOW MAIN ST TO S MLK CONTINUE TO SW 9TH ST
  • Year Built: 1960
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Terrazzo, Vinyl
  • Living Area: 2280.0
  • Window Features: Metal, Single Hung

Exterior Features

  • View: Other, Water
  • Lot Features: Interior Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 04374342020020100
  • Lot Size Sq Ft: 3920.0
  • Zoning Description: R2(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 12198.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 5187.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2782.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
May 5, 2023
Sold by
J & D Rentals Inc
Bought by
Bg Fl Rental Llc
Seller's Agent
Elizabeth Strehse
Casteland Real Estate Corp
Buyer's Agent
Xiaoli Zhou
Highlight Realty Corp/LW
List Price
$265,000
Sold Price
$220,000
Premium/Discount to List
-$45,000
-16.98%
Views
24
Current Estimated Value
$281,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,500
Avg. Annual Appreciation
6.36%

Purchase Details

Closed on
Sep 15, 1998
Sold by
Big Lake Enterprises
Bought by
J & D Rentals Inc

Purchase Details

Closed on
Aug 23, 1993
Sold by
Donaghue Louis F
Bought by
Big Lake Ent
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
Bg Fl Rental Llc $1,100,000 None Listed On Document
J & D Rentals Inc $137,200 --
Big Lake Ent -- --
Big Lake Ent $34,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner J & D Rentals Inc $3,630,000
Closed J & D Rentals Inc $0
Closed J & D Rentals Inc $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2023 05/05/23 Sold $220,000 -17.0% $96 / Sq Ft
01/31/2023 01/31/23 For Sale $265,000 -- $116 / 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 $4,998 $192,886 -- --
2023 $3,144 $86,534 $6,992 $168,816
2022 $2,782 $78,667 $0 $0
2021 $2,617 $122,938 $4,000 $118,938
2020 $2,421 $110,465 $4,000 $106,465
2019 $2,285 $100,928 $4,000 $96,928
2018 $2,064 $90,140 $4,155 $85,985
2017 $1,711 $48,846 $3,324 $45,522
2016 $885 $49,630 $0 $0
2015 $1,776 $49,366 $0 $0
2014 $1,579 $44,878 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Strehse

    Seller's Agent in 2023

    Elizabeth Strehse

    Casteland Real Estate Corp

    (954) 816-0756

    54 in this area

    67 Total Sales

    Elizabeth Strehse
    Section Image

  • X

    Buyer's Agent in 2023

    Xiaoli Zhou

    Highlight Realty Corp/LW

    (561) 703-6278

    4 in this area

    14 Total Sales

    Xiaoli Zhou
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10862519

BeachesMLS

APN: 04-37-43-42-02-002-0100

Florida Palm Beach County Belle Glade 33430

505 SW 9th St Unit 1, Belle Glade, FL

This home is located at 505 SW 9th St Unit 1, Belle Glade, FL 33430 since 31 January 2023 and is currently estimated at $281,500, approximately $123 per square foot. This property was built in 1960. 505 SW 9th St Unit 1 is a home located in Palm Beach County with nearby schools including Glade View Elementary School, Lake Shore Middle School, and Glades Central 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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