NOT LISTED FOR SALE

509 N K St Lake Worth, FL 33460

Mango Groves Neighborhood

Estimated Value: $420,000 - $551,000

4 Beds
2 Baths
1,370 Sq Ft
$355/Sq Ft Est. Value

Last Sold March 23, 2017

Last sale price $175,500 $128 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $3,224/month

35 Days on Market

Highlights

  • Interior Lot
  • Ceramic Tile Flooring
  • No Heating
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2017

The availability of multi-family buildings for sale in Lake Worth is perpetually scarce. The existence of Spanish Mission architecture within our beloved city is rare too. This property, amazingly, is BOTH! Legal duplex (2 rental units) with authentic historic charm! Most importantly, a location walking distance to Lake Worth's downtown strip, Lake Ave! The magical mixture of highly valuable components important to lucrative real estate investment... All here! Because both units are large, this fully rented duplex's income ($2,075 / mo!) approaches the level many triplexes are earning! Front off-street parking, and a deep backyard are useful perks appreciated by the tenants. Enhancements, including ceramic tile floors and electrical upgrades, are aspects you'll applaud.

Last Agent to Sell the Property

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 01/16/2017

Last Buyer's Agent

Bret Taylor

Southdale Properties Inc. License #3098864 Listed on: 01/16/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,008

Year Built

  • Built in 1925

Lot Details

  • Interior Lot

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,370 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Community Details

  • 2 Units
  • Town Of Lake Worth Subdivision

Listing and Financial Details

  • Total Actual Rent $24,900
  • Rent includes electricity
  • Assessor Parcel Number 38434421151520280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,008

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Take Lake Avenue to North K Street and turn North. Property is on the West side of the street.
  • Year Built: 1925
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1370.0

Exterior Features

  • Lot Features: Interior Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421151520280
  • Zoning Description: SfTf14

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3008.0

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 24900.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2017
Sold by
509 North K Street Llc
Bought by
King David Real Estate Investment Holdin
Current Estimated Value
$485,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,862
Outstanding Balance
$5,011
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$466,306

Purchase Details

Listed on
Jan 16, 2017
Closed on
Mar 15, 2017
Sold by
Jucaud Nilas
Bought by
Streetllc 509 Bnorth K
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Bret Taylor
Southdale Properties Inc.
List Price
$189,900
Sold Price
$175,500
Premium/Discount to List
-$14,400
-7.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.37%

Purchase Details

Listed on
Aug 30, 2015
Closed on
Dec 4, 2015
Sold by
Caribbean All Real Estate Corporation
Bought by
Jucaud Nils
Seller's Agent
Bret Taylor
Southdale Properties Inc.
Buyer's Agent
Michael Kanka
Re/Max Prestige Realty/LWB
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.36%
Original Mortgage
$94,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2011
Closed on
Sep 17, 2012
Sold by
John & Lisa Janenda Revocable Trust
Bought by
Caribbean All Real Estate Corporation
Seller's Agent
Ken Close
TIG Realty LLC
Buyer's Agent
Bret Taylor
Southdale Properties Inc.
List Price
$59,000
Sold Price
$44,000
Premium/Discount to List
-$15,000
-25.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.80%

Purchase Details

Closed on
Aug 1, 2007
Sold by
Janenda John Paul and Janenda Lisa Cristina
Bought by
Janenda John Paul

Purchase Details

Closed on
Apr 24, 2005
Sold by
Janenda John and Janenda Lisa
Bought by
Janenda John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.88%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 13, 2005
Sold by
Jacobs Edward
Bought by
Janenda John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.88%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 2, 2002
Sold by
Ferrer Guillermo
Bought by
Jacobs Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 1995
Sold by
Housing & Urban Dev
Bought by
Ferrer Guillermo

Purchase Details

Closed on
Feb 17, 1994
Sold by
Midland Mtg Co
Bought by
Housing & Urban Dev
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
King David Real Estate Investment Holdin $182,000 Attorney
Streetllc 509 Bnorth K $175,500 Horizon Title Services Inc
Jucaud Nils $135,000 Attorney
Caribbean All Real Estate Corporation $44,000 Platinum Title Insurers Llc
Janenda John Paul -- Attorney
Janenda John -- --
Janenda John $200,000 Universal Land Title Inc
Jacobs Edward $79,900 Palmetto Park Title Company
Ferrer Guillermo $8,700 --
Housing & Urban Dev -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King David Real Estate Ivestment Holding $5,862
Open King David Real Estate Investment Holdin $2,500,000
Previous Owner Custom Management Llc $2,500,000
Previous Owner Jucaud Nils $94,500
Previous Owner Janenda John $180,000
Previous Owner Jacobs Edward $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2017 03/23/17 Sold $175,500 -7.6% $128 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $189,900 +40.7% $139 / Sq Ft
12/04/2015 12/04/15 Sold $135,000 -3.6% $99 / Sq Ft
11/04/2015 11/04/15 Pending -- -- --
08/30/2015 08/30/15 For Sale $140,000 +218.2% $102 / Sq Ft
09/17/2012 09/17/12 Sold $44,000 -25.4% $32 / Sq Ft
08/18/2012 08/18/12 Pending -- -- --
06/09/2011 06/09/11 For Sale $59,000 -- $43 / 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 $7,181 $256,249 -- --
2023 $6,404 $232,954 $0 $0
2022 $5,987 $211,776 $0 $0
2021 $5,483 $212,961 $83,700 $129,261
2020 $5,122 $198,076 $91,800 $106,276
2019 $4,777 $183,579 $75,600 $107,979
2018 $4,178 $144,646 $54,547 $90,099
2017 $3,285 $108,772 $49,588 $59,184
2016 $3,008 $94,894 $0 $0
2015 $2,679 $76,013 $0 $0
2014 $2,551 $69,103 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Bret Taylor

    Southdale Properties Inc.

    (561) 255-5310

    3 in this area

    77 Total Sales

    Bret Taylor
    Section Image

  • M

    Buyer's Agent in 2015

    Michael Kanka

    Re/Max Prestige Realty/LWB

  • S

    Buyer Co-Listing Agent in 2015

    Steve Facella

    LPT Realty, LLC

    5 in this area

    31 Total Sales

    Steve Facella
    Section Image
  • Ken Close

    Seller's Agent in 2012

    Ken Close

    TIG Realty LLC

    (561) 306-5275

    16 Total Sales

    Ken Close
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10299093

BeachesMLS

APN: 38-43-44-21-15-152-0280

Florida Palm Beach County Lake Worth 33460 Mango Groves

509 N K St, Lake Worth, FL

This home is located at 509 N K St, Lake Worth, FL 33460 since 16 January 2017 and is currently estimated at $485,761, approximately $354 per square foot. This property was built in 1925. 509 N K St is a home located in Palm Beach County with nearby schools including Lake Worth High School, North Grade Elementary 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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