NOT LISTED FOR SALE

507 Silver Beach Rd Unit 507-509 Lake Park, FL 33403

Estimated Value: $447,935 - $505,000

4 Beds
2 Baths
1,754 Sq Ft
$271/Sq Ft Est. Value

Last Sold March 02, 2016

Last sale price $95,000 $54 Per Sq Ft

Est. 401% increase in value since last sale

Current estimated payment $3,191/month

2 Days on Market

Highlights

  • Garden View
  • Terrazzo Flooring
  • Central Heating and Cooling System
  • Patio

About This Home

As of March 2016

Duplex with both sides already rented.In great condition both with utility rooms and washer and dryers. A must see for a good investor or 1st time home buyer wanting an income.

Last Agent to Sell the Property

Sandra Berkenfeld

Option One Realty Inc. License #685240 Listed on: 01/29/2016

Last Buyer's Agent

Matt Thoren

Landmark Appraisal & Realty Group Inc License #640047

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 10,154

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,754 Sq Ft Home
  • 1-Story Property
  • Sliding Windows
  • Garden Views

Flooring

  • Carpet
  • Terrazzo

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Patio
  • 10,154 Sq Ft Lot

Community Details

  • 2 Units
  • Kelsey City Subdivision

Listing and Financial Details

  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 364342200150590440

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Us 1 to Silver Beach and go west to property.
  • Year Built: 1959
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Terrazzo
  • Living Area: 1754.0
  • Window Features: Sliding

Exterior Features

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

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No

Lot Info

  • Parcel #: 364342200150590440
  • Lot Size Sq Ft: 10154.0
  • Zoning Description: R2
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2807.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2016
Closed on
Feb 25, 2016
Sold by
Hibbard Jeanne Ellen and Hibbard Jeanne Ellen
Bought by
Grpnpb Llc
Seller's Agent
Sandra Berkenfeld
Option One Realty Inc.
Buyer's Agent
Matt Thoren
Landmark Appraisal & Realty Group Inc
List Price
$110,000
Sold Price
$95,000
Premium/Discount to List
-$15,000
-13.64%
Current Estimated Value
$475,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,734
Avg. Annual Appreciation
18.54%

Purchase Details

Closed on
Jul 21, 2014
Sold by
Hibbard Jeanne E and Hibbard Jeanne Ellen
Bought by
Hibbard Jeanne Ellen

Purchase Details

Closed on
Jul 27, 2000
Sold by
Hibbard James R
Bought by
Hibbard Jeanne E
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
Grpnpb Llc $95,000 Town Title Inc
Hibbard Jeanne Ellen -- Attorney
Hibbard Jeanne E -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2016 03/02/16 Sold $95,000 -13.6% $54 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
01/29/2016 01/29/16 For Sale $110,000 -- $63 / 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 $7,230 $243,284 -- --
2023 $6,674 $221,167 $108,885 $179,741
2022 $6,024 $201,061 $0 $0
2021 $5,061 $190,526 $56,100 $134,426
2020 $4,827 $190,902 $68,850 $122,052
2019 $4,602 $190,953 $68,850 $122,103
2018 $3,884 $137,327 $48,907 $88,420
2017 $3,805 $128,160 $43,667 $84,493
2016 $3,259 $96,932 $0 $0
2015 $3,046 $88,120 $0 $0
2014 $2,807 $80,109 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sandra Berkenfeld

    Option One Realty Inc.

    (561) 310-5105

    1 in this area

    18 Total Sales

    Sandra Berkenfeld
    Section Image

  • M

    Buyer's Agent in 2016

    Matt Thoren

    Landmark Appraisal & Realty Group Inc

    (561) 626-7325

    Matt Thoren
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10203159

BeachesMLS

APN: 36-43-42-20-01-059-0440

Florida Palm Beach County Lake Park 33403

507 Silver Beach Rd Unit 507-509, Lake Park, FL

This home is located at 507 Silver Beach Rd Unit 507-509, Lake Park, FL 33403 since 29 January 2016 and is currently estimated at $475,734, approximately $271 per square foot. This property was built in 1959. 507 Silver Beach Rd Unit 507-509 is a home located in Palm Beach County with nearby schools including Lincoln Elementary School, John F. Kennedy Middle School, and Palm Beach Gardens 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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