NOT LISTED FOR SALE

507 2nd Ave S Lake Worth, FL 33460

Downtown Jewel Neighborhood

Estimated Value: $341,650 - $453,000

2 Beds
2 Baths
1,125 Sq Ft
$358/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $265,000 $236 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,867/month

5 Days on Market

Highlights

  • Garden View
  • Patio
  • Fenced
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of July 2021

Great Duplex both sides 1/1. All cbs with shared laundry.

Last Agent to Sell the Property

Robert Bryson

Southdale Properties Inc. License #504869 Listed on: 07/01/2021

Last Buyer's Agent

Donald Brown

Southdale Properties Inc. License #502433

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,826

Year Built

  • Built in 1961

Lot Details

  • 4,500 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,125 Sq Ft Home
  • 1-Story Property
  • Garden Views

Flooring

  • Tile
  • Terrazzo

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 38434421150910172

Community Details

Overview

  • 2 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $6,000
  • Net Operating Income $15,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,826

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: just south of downtown just west of Federal.
  • Year Built: 1961
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile
  • Living Area: 1125.0

Exterior Features

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

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas 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 #: 38434421150910172
  • Lot Size Sq Ft: 4500.0
  • Zoning Description: MF-20(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 15540.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3826.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Jul 6, 2021
Sold by
Rippling Water Llc
Bought by
Red Robin Robin Llc
Seller's Agent
Robert Bryson
Southdale Properties Inc.
Buyer's Agent
Donald Brown
Southdale Properties Inc.
List Price
$265,000
Sold Price
$265,000
Current Estimated Value
$402,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,413
Avg. Annual Appreciation
14.78%

Purchase Details

Closed on
Dec 27, 2009
Sold by
Siew Erika and Siew B
Bought by
Rippling Water Llc
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
Red Robin Robin Llc $265,000 Trident Title
Rippling Water Llc $90,000 New England Title & Escrow C
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $265,000 0.0% $236 / Sq Ft
07/01/2021 07/01/21 For Sale $265,000 -- $236 / 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 $8,085 $317,563 -- --
2023 $7,310 $288,694 $166,200 $122,494
2022 $6,925 $268,046 $0 $0
2021 $3,984 $185,415 $83,700 $101,715
2020 $3,826 $183,331 $91,800 $91,531
2019 $3,582 $168,662 $75,600 $93,062
2018 $3,075 $128,092 $54,547 $73,545
2017 $2,845 $109,167 $49,588 $59,579
2016 $2,621 $70,320 $0 $0
2015 $2,480 $63,927 $0 $0
2014 $2,353 $58,115 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Robert Bryson

    Southdale Properties Inc.

    (561) 346-5195

    3 in this area

    38 Total Sales

    Robert Bryson
    Section Image
  • Donald Brown

    Buyer's Agent in 2021

    Donald Brown

    Southdale Properties Inc.

    (561) 313-4582

    2 in this area

    41 Total Sales

    Donald Brown
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10728024

BeachesMLS

APN: 38-43-44-21-15-091-0172

Florida Palm Beach County Lake Worth 33460 Downtown Jewel

507 2nd Ave S, Lake Worth, FL

This home is located at 507 2nd Ave S, Lake Worth, FL 33460 since 01 July 2021 and is currently estimated at $402,413, approximately $357 per square foot. This property was built in 1961. 507 2nd Ave S 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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