NOT LISTED FOR SALE

506 S M St Lake Worth, FL 33460

Downtown Jewel Neighborhood

Estimated Value: $524,727 - $1,411,000

3 Beds
2.5 Baths
1,728 Sq Ft
$505/Sq Ft Est. Value

Last Sold August 22, 2019

Last sale price $205,000 $119 Per Sq Ft

Est. 326% increase in value since last sale

Current estimated payment $5,579/month

40 Days on Market

Highlights

  • Private Pool
  • Den
  • Central Heating and Cooling System
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • West Facing Home

About This Home

As of August 2019

Great opportunity to restore this 1925 built home with all its unique features which include a large open living room, den and kitchen area on the ground floor. Upstairs features 3 bedrooms with a possible 4th design. Other features include some original wood floors, guest cottage or office in the back and a wading pool area. The lot goes from M street to N street with rear access from N street. Possibilities are endless here. Close to downtown Lake Worth and the beach.

Last Agent to Sell the Property

Don Poyner

Quantum Realty Associates Inc License #559022 Listed on: 06/12/2019

Last Buyer's Agent

Michael Watson

Mangrove Property Management License #3268165

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,662

Year Built

  • Built in 1925

Lot Details

  • 6,250 Sq Ft Lot
  • West Facing Home
  • Property is zoned MF-20(

Home Design

  • Frame Construction

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property
  • Den

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Stacked Bedrooms

Pool

  • Private Pool

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Community Details

  • Lake Worth Town Of Add 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38434427010010080

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,662

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: I95 to 6th Avenue South go east past US 1 to south M street North house on east side.
  • Year Built: 1925
  • Year Built Details: Resale
  • Special Features: RealEstateOwned

Interior Features

  • Interior Amenities: Stacked Bedrooms
  • Furnished: Unfurnished
  • Appliances: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile, Wood
  • Living Area: 1728.0
  • Dining Room Type: Den
  • Stories: 2

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Direction Faces: West
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 38434427010010080
  • Lot Size Sq Ft: 6250.0
  • Zoning Description: MF-20(
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1662.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2022
Sold by
Jay Mergler
Bought by
Taylored 4 Rental Llc
Current Estimated Value
$873,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$293,721
Interest Rate
3.92%
Mortgage Type
Seller Take Back
Estimated Equity
$579,711

Purchase Details

Listed on
Jun 12, 2019
Closed on
Aug 14, 2019
Sold by
Citibank Na
Bought by
Mergler Jay
Seller's Agent
Don Poyner
Quantum Realty Associates Inc
Buyer's Agent
Michael Watson
Mangrove Property Management
List Price
$275,000
Sold Price
$205,000
Premium/Discount to List
-$70,000
-25.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.43%

Purchase Details

Closed on
Sep 13, 2018
Sold by
Heiser John Joseph and Krakowski Krystyna Tesla
Bought by
Citimortgage Inc

Purchase Details

Closed on
Dec 14, 2005
Sold by
Petrie Henry Harrison
Bought by
Heiser John Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,600
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 12, 1994
Sold by
Fairfield Affiliates Ltd Ptnr
Bought by
Petrie Henry Harrison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,500
Interest Rate
9.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 1994
Sold by
Clerk Circuit Court
Bought by
Affiliates Fairfield

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,500
Interest Rate
9.17%
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
Taylored 4 Rental Llc $550,000 None Listed On Document
Mergler Jay $205,000 Title365
Citimortgage Inc -- None Available
Heiser John Joseph $382,000 Sunbelt Title Agency
Petrie Henry Harrison $28,000 --
Affiliates Fairfield -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylored 4 Rental Llc $500,000
Previous Owner Heiser John J $65,660
Previous Owner Heiser John Joseph $305,600
Previous Owner Petrie Henry Harrison $115,000
Previous Owner Petrie Henry Harrison $50,000
Previous Owner Petrie Henry Harrison $50,000
Previous Owner Petrie Henry Harrison $13,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2019 08/22/19 Sold $205,000 -25.5% $119 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $275,000 -- $159 / 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 $9,559 $405,589 -- --
2023 $9,677 $410,878 $182,600 $228,278
2022 $7,529 $272,005 $0 $0
2021 $6,327 $253,335 $80,000 $173,335
2020 $5,793 $224,797 $63,750 $161,047
2019 $5,735 $220,767 $59,500 $161,267
2018 $1,662 $93,607 $0 $0
2017 $1,628 $91,682 $0 $0
2016 $1,579 $89,796 $0 $0
2015 $1,599 $89,172 $0 $0
2014 $1,598 $88,464 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Don Poyner

    Quantum Realty Associates Inc

    (561) 744-0150

    35 Total Sales

    Section Image
  • Michael Watson

    Buyer's Agent in 2019

    Michael Watson

    Mangrove Property Management

    (561) 510-8666

    25 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10538185

BeachesMLS

APN: 38-43-44-27-01-001-0080

Florida Palm Beach County Lake Worth 33460 Downtown Jewel

506 S M St, Lake Worth, FL

This home is located at 506 S M St, Lake Worth, FL 33460 since 12 June 2019 and is currently estimated at $873,432, approximately $505 per square foot. This property was built in 1925. 506 S M St is a home located in Palm Beach County with nearby schools including South Grade Elementary School, Lake Worth High School, and Lake Worth Community 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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