NOT LISTED FOR SALE

508 12th Ave S Lake Worth, FL 33460

Pineapple Beach Neighborhood

Estimated Value: $688,000 - $833,000

8 Beds
4 Baths
2,600 Sq Ft
$295/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $775,000 $298 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,730/month

36 Days on Market

Highlights

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

About This Home

As of August 2024

Nicely maintained income property with owner financing available. 1 efficiency, remaining 3, 2/1. East of US 1 and never a vacancy. Excellent investment property, electrical updated, 4 separate electrical meters, owner pays for water, sewer, garbage and landscaping. All units have tiled floors, range and refrigerator, and wall units. All tenants are all on month to month, easy to make any changes and room for rate increase.

Last Agent to Sell the Property

Antonio Vurro

RE/MAX Select Group License #404367 Listed on: 07/23/2024

RE/MAX Select Group

Last Buyer's Agent

Antonio Vurro

RE/MAX Select Group License #404367 Listed on: 07/23/2024

RE/MAX Select Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,339

Year Built

  • Built in 1969

Lot Details

  • 6,752

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $69,600
  • Rent includes gardener, sewer, trash collection, water
  • Assessor Parcel Number 38434427010460160

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Add 1 Subdivision

Building Details

  • Net Operating Income $56,341

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,339

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: USE GPS
  • Year Built: 1969
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Tile
  • Living Area: 2600.0
  • Window Features: Metal, Single Hung

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Sewer, Trash Collection, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 38434427010460160
  • Lot Size: 6743
  • Zoning Description: SF-R (city)

Multi Family

  • Property Net Operating Income: 56341.0
  • Number Of Units Total: 4
  • Total Actual Rent: 69600.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8339.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Aug 30, 2024
Sold by
Michael Tillman Revocable Trust and Tillman Michael
Bought by
508 12Th Ave Llc
Seller's Agent
Antonio Vurro
RE/MAX Select Group
Buyer's Agent
Antonio Vurro
RE/MAX Select Group
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%
Views
3
Current Estimated Value
$766,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,816
Avg. Annual Appreciation
-0.86%
Original Mortgage
$465,000
Outstanding Balance
$181,782
Interest Rate
6.78%
Mortgage Type
Balloon
Estimated Equity
$584,402

Purchase Details

Closed on
Jan 28, 1997
Sold by
Tillman Michael and Tillman Laurie
Bought by
Tillman Michael

Purchase Details

Closed on
Feb 1, 1994
Sold by
Steuerwald John and Steuerwald Mercedes
Bought by
Tillman Michael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
508 12Th Ave Llc $775,000 None Listed On Document
508 12Th Ave Llc $775,000 None Listed On Document
Tillman Michael $100 --
Tillman Michael $65,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 508 12Th Ave Llc $465,000
Closed 508 12Th Ave Llc $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $775,000 -3.0% $298 / Sq Ft
07/24/2024 07/24/24 For Sale $799,000 -- $307 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $8,739 $522,589 -- --
2024 $8,739 $226,843 -- --
2023 $8,339 $206,221 $0 $0
2022 $6,907 $187,474 $0 $0
2021 $6,825 $339,330 $132,000 $207,330
2020 $6,475 $319,173 $132,000 $187,173
2019 $6,202 $310,373 $123,200 $187,173
2018 $5,193 $217,435 $89,790 $127,645
2017 $4,923 $197,668 $81,627 $116,041
2016 $2,569 $105,824 $0 $0
2015 $4,427 $96,204 $0 $0
2014 $3,779 $87,458 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Antonio Vurro

    Seller's Agent in 2024

    Antonio Vurro

    RE/MAX

    (954) 647-5944

    2 in this area

    65 Total Sales

    Antonio Vurro
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10452696

BeachesMLS (Greater Fort Lauderdale)

APN: 38-43-44-27-01-046-0160

Florida Palm Beach County Lake Worth 33460 Pineapple Beach

508 12th Ave S, Lake Worth, FL

Not Listed for Sale

MultiFamily

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