NOT LISTED FOR SALE

513 58th St West Palm Beach, FL 33407

Northwood Harbor Neighborhood

Estimated Value: $465,473 - $603,000

3 Beds
3 Baths
1,505 Sq Ft
$364/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $475,000 $316 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,418/month

34 Days on Market

Highlights

  • Wood Flooring
  • Awning
  • No Heating
  • Cooling System Mounted To A Wall/Window

About This Home

As of April 2022

TRIPLEX Great investment opportunity in a redevelopment area. This investment opportunity consists of 2 1 bedroom 1 bath units with inside laundry rooms and storage closet. There is a separate building with a studio apartment and this has3 separate FPL meters. Freshly painted exterior. Close to singer Island and downtown WPB. Great for long term tenants or create your own AIR BNB set up

Last Agent to Sell the Property

Jon Schmitt

True Patriot Property Management License #645858 Listed on: 02/08/2022

Co-Listed By

Sonia Schmitt

True Patriot Property Management License #3059779

Last Buyer's Agent

James Hill

Ibero Property Management & Real Estate Services License #3288891

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,201

Year Built

  • Built in 1949

Lot Details

  • 4,874 Sq Ft Lot

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,505 Sq Ft Home
  • 1-Story Property
  • Awning

Flooring

  • Wood
  • Ceramic Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434304060480270

Community Details

Overview

  • 2 Units
  • North Palm Bch 3 Subdivision

Building Details

  • Operating Expense $13,130
  • Net Operating Income $24,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,201

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Broadway North of Palm Beach lakes to 58th st
  • Year Built: 1949
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Living Area: 1505.0

Exterior Features

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

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity 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 #: 74434304060480270
  • Lot Size Sq Ft: 4874.0
  • Zoning Description: SF7(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 24370.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 13130.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5201.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2022
Closed on
Apr 14, 2022
Sold by
John Freeland
Bought by
Banfe Albert C
Seller's Agent
Jon Schmitt
True Patriot Property Management
Buyer's Agent
James Hill
Ibero Property Management & Real Estate Services
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Current Estimated Value
$498,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,651
Avg. Annual Appreciation
1.95%
Original Mortgage
$356,250
Outstanding Balance
$335,272
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$171,292

Purchase Details

Listed on
Sep 13, 2020
Closed on
Dec 14, 2020
Sold by
Moxi Properties Llc
Bought by
Freeland John
Seller's Agent
Ken Best
Members Realty Group
List Price
$274,900
Sold Price
$262,500
Premium/Discount to List
-$12,400
-4.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.19%
Original Mortgage
$196,875
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2018
Closed on
Mar 8, 2019
Sold by
513 58Th Str Llc
Bought by
Moxi Properties Llc
Seller's Agent
Ken Best
Members Realty Group
Buyer's Agent
Ken Best
Members Realty Group
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%

Purchase Details

Listed on
Sep 23, 2016
Closed on
Oct 19, 2016
Sold by
Cendales William
Bought by
513 58Th Str Llc
Seller's Agent
Kelley Herrmann
Gulfstream Properties
Buyer's Agent
Ken Best
Members Realty Group LLC
List Price
$165,000
Sold Price
$155,000
Premium/Discount to List
-$10,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.29%

Purchase Details

Listed on
Jan 21, 2016
Closed on
Mar 21, 2016
Sold by
Vidal Andres E
Bought by
Cendales William
Seller's Agent
Stephen Jaworski
Prodigy Properties LLC
Buyer's Agent
Caroline Harper
Compass Florida, LLC (Jupiter)
List Price
$144,900
Sold Price
$132,600
Premium/Discount to List
-$12,300
-8.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.63%
Original Mortgage
$99,450
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2002
Sold by
Groce Randall R and Groce Lori A
Bought by
Shaudys Jonathan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,800
Interest Rate
6.98%

Purchase Details

Closed on
Apr 4, 1996
Sold by
Groce Randall R
Bought by
Groce Randall R
Source: Public Records

Range of Values:

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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
Banfe Albert C $475,000 Lantz Ronald K
Freeland John $262,500 Trident Title
Moxi Properties Llc $230,000 Trident Ttl A Div Of Landcas
513 58Th Str Llc $155,000 None Available
Cendales William $132,600 None Available
Shaudys Jonathan T $92,000 Universal Land Title Inc
Groce Randall R $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banfe Albert C $356,250
Previous Owner Freeland John $196,875
Previous Owner Cendales William $99,450
Previous Owner Shaudys Jonathan T $82,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $475,000 -4.0% $316 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $495,000 +88.6% $329 / Sq Ft
12/14/2020 12/14/20 Sold $262,500 -0.9% $174 / Sq Ft
11/07/2020 11/07/20 Price Changed $264,900 -1.9% $176 / Sq Ft
10/05/2020 10/05/20 Price Changed $269,900 -1.8% $179 / Sq Ft
09/13/2020 09/13/20 For Sale $274,900 +19.5% $183 / Sq Ft
03/08/2019 03/08/19 Sold $230,000 -6.5% $153 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
02/06/2019 02/06/19 Price Changed $245,900 -1.6% $163 / Sq Ft
12/06/2018 12/06/18 For Sale $249,900 0.0% $166 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
08/28/2018 08/28/18 Price Changed $249,900 -3.8% $166 / Sq Ft
08/08/2018 08/08/18 Price Changed $259,900 +4.0% $173 / Sq Ft
08/06/2018 08/06/18 For Sale $249,900 0.0% $166 / Sq Ft
03/21/2017 03/21/17 Rented -- -- --
02/19/2017 02/19/17 Under Contract -- -- --
01/18/2017 01/18/17 For Rent $850 0.0% --
11/02/2016 11/02/16 Sold $155,000 -6.1% $127 / Sq Ft
10/03/2016 10/03/16 Pending -- -- --
09/23/2016 09/23/16 For Sale $165,000 +24.4% $135 / Sq Ft
03/21/2016 03/21/16 Sold $132,600 -8.5% $108 / Sq Ft
02/20/2016 02/20/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $144,900 -- $118 / 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 $8,242 $363,620 -- --
2023 $7,216 $330,564 $136,472 $194,092
2022 $5,712 $243,239 $0 $0
2021 $5,201 $221,126 $61,600 $159,526
2020 $4,655 $194,103 $52,800 $141,303
2019 $3,696 $163,264 $48,400 $114,864
2018 $3,101 $131,041 $44,253 $86,788
2017 $2,821 $117,308 $30,520 $86,788
2016 $1,720 $65,814 $0 $0
2015 $2,060 $78,804 $0 $0
2014 $2,007 $74,349 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jon Schmitt

    Seller's Agent in 2022

    Jon Schmitt

    True Patriot Property Management

    (561) 376-0232

    1 in this area

    35 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Sonia Schmitt

    True Patriot Property Management

    (561) 376-0232

    1 in this area

    17 Total Sales

    Section Image

  • J

    Buyer's Agent in 2022

    James Hill

    Ibero Property Management & Real Estate Services

    (561) 281-7243

    1 in this area

    3 Total Sales

    Section Image
  • Ken Best

    Seller's Agent in 2020

    Ken Best

    Members Realty Group

    (561) 275-1554

    1 in this area

    31 Total Sales

    Section Image

  • S

    Seller's Agent in 2016

    Stephen Jaworski

    Prodigy Properties LLC

  • K

    Seller's Agent in 2016

    Kelley Herrmann

    Gulfstream Properties

    (561) 689-4766

    10 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10775546

BeachesMLS

APN: 74-43-43-04-06-048-0270

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

513 58th St, West Palm Beach, FL

This home is located at 513 58th St, West Palm Beach, FL 33407 since 08 February 2022 and is currently estimated at $547,868, approximately $364 per square foot. This property was built in 1949. 513 58th St is a home located in Palm Beach County with nearby schools including Northmore Elementary School, John F. Kennedy Middle School, and Palm Beach Lakes 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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