NOT LISTED FOR SALE

516 20th St Unit A West Palm Beach, FL 33407

Pleasant City Neighborhood

Estimated Value: $488,382 - $927,000

-- Bed
4 Baths
2,520 Sq Ft
$253/Sq Ft Est. Value

Last Sold January 22, 2020

Last sale price $310,000 $123 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,015/month

524 Days on Market

Highlights

  • Room in yard for a pool
  • Ceramic Tile Flooring
  • Fenced
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • No Heating

About This Home

As of January 2020

Long-term tenants with below market rent on two of the three units. Current monthly gross is $3,200 potential monthly gross is $3,550, annual current gross income is $38,400, potential annual gross income is $42,600. Operating expenses are property taxes : $3,442 property insurance (optional ) $1,943, general liability (optional) $458, lawn $900 a year total expenses $6,743.69 Current net annual income is $31,656, potential net annual income is $35,856. Actual cap rate is 8.50%, potential cap rate is 9.56%.

Last Agent to Sell the Property

Baris Keser

KSR Properties License #3273596 Listed on: 07/16/2018

Last Buyer's Agent

Charles Bassford

Bassford Realty, Inc. License #0649503

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,442

Year Built

  • Built in 1961

Lot Details

  • 7,505 Sq Ft Lot
  • Fenced

Home Design

  • Triplex

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring

Pool

  • Room in yard for a pool

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434316150020040

Community Details

Overview

  • 3 Units
  • Pleasant City Subdivision

Building Details

  • Operating Expense $6,744

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,442

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: West of Dixie.
  • Year Built: 1961
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2520.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence, Room For Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Utilities: Cable Available

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434316150020040
  • Lot Size Sq Ft: 7505.0
  • Zoning Description: MF14(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3442.0

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 6744.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2018
Closed on
Jan 22, 2020
Sold by
Topala Tolga
Bought by
Eames Carol
Seller's Agent
Baris Keser
KSR Properties
Buyer's Agent
Charles Bassford
Bassford Realty, Inc.
List Price
$375,000
Sold Price
$310,000
Premium/Discount to List
-$65,000
-17.33%
Current Estimated Value
$637,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,096
Avg. Annual Appreciation
12.94%
Original Mortgage
$304,385
Outstanding Balance
$273,536
Interest Rate
3.73%
Mortgage Type
FHA
Estimated Equity
$345,351

Purchase Details

Listed on
Jul 18, 2017
Closed on
Oct 12, 2017
Sold by
Imir 20Th Street Llc
Bought by
Topala Tolga
Seller's Agent
Ken Best
Members Realty Group
Buyer's Agent
Baris Keser
MMLS Assoc.-Inactive Member
List Price
$299,000
Sold Price
$290,000
Premium/Discount to List
-$9,000
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%
Original Mortgage
$210,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2016
Bought by
Imir 20Th Street Llc

Purchase Details

Closed on
Mar 12, 2015
Sold by
Baxter Thomas J
Bought by
Fannie Mae and Federal National Mortgage Association
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
Eames Carol $310,000 Bankers T&E Svcs Inc
Topala Tolga $290,000 Trident Title
Imir 20Th Street Llc $130,000 --
Fannie Mae -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eames Carol $304,385
Previous Owner Topala Tolga $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2020 01/22/20 Sold $310,000 -17.3% $123 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
07/16/2018 07/16/18 For Sale $375,000 +29.3% $149 / Sq Ft
10/11/2017 10/11/17 Sold $290,000 0.0% $115 / Sq Ft
08/24/2017 08/24/17 Off Market $290,000 -- --
08/01/2017 08/01/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $299,000 0.0% $119 / Sq Ft
06/05/2017 06/05/17 Rented -- -- --
01/19/2017 01/19/17 Under Contract -- -- --
07/22/2016 07/22/16 For Rent $975 -- --
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 $7,808 $351,396 -- --
2023 $7,221 $320,958 $117,260 $203,698
2022 $7,262 $310,014 $0 $0
2021 $6,717 $281,831 $31,000 $250,831
2020 $5,962 $244,891 $50,000 $194,891
2019 $5,526 $222,403 $50,000 $172,403
2018 $5,444 $231,108 $21,384 $209,724
2017 $3,442 $139,999 $14,256 $125,743
2016 $3,476 $138,703 $0 $0
2015 $2,803 $100,041 $0 $0
2014 -- $90,946 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Baris Keser

    Seller's Agent in 2020

    Baris Keser

    KSR Properties

    (561) 602-8906

    34 Total Sales

    Baris Keser
    Section Image

  • C

    Buyer's Agent in 2020

    Charles Bassford

    Bassford Realty, Inc.

    (954) 274-1572

    7 Total Sales

    Charles Bassford
    Section Image
  • Ken Best

    Seller's Agent in 2017

    Ken Best

    Members Realty Group

    (561) 275-1554

    29 Total Sales

    Ken Best
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10448186

BeachesMLS

APN: 74-43-43-16-15-002-0040

Florida Palm Beach County West Palm Beach 33407 Pleasant City

516 20th St Unit A, West Palm Beach, FL

This home is located at 516 20th St Unit A, West Palm Beach, FL 33407 since 16 July 2018 and is currently estimated at $637,096, approximately $252 per square foot. This property was built in 1961. 516 20th St Unit A is a home located in Palm Beach County with nearby schools including Pleasant City Elementary School, Roosevelt 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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