NOT LISTED FOR SALE

Estimated Value: $589,202 - $962,000

5 Beds
5 Baths
3,320 Sq Ft
$218/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $537,500 $162 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,416/month

118 Days on Market

Highlights

  • Wood Flooring
  • Open Patio
  • Fenced
  • Balcony
  • Central Heating and Cooling System

About This Home

As of July 2022

GREAT INVESTMENT PROPERTY, NO HOA, Multiple Units, in Lake Worth. UNDER NO CIRCUMSTANCES ARE YOU TO DISTURB THE TENANTS. These units are in two separate buildings with 4 total units for rentals. Units 1, 2 and 3 are in one building and Unit 4 is its own building. Unit 1 is in the front of the first building. It has a living room, 2 bedrooms, and a cabana bath, kitchen, bonus room and private backyard. Unit 2 is located on the 2nd floor in the front of the building. It has 1 bedroom and 1 bath, living room, kitchen, and private balcony. Unit 3 is located on the 2nd floor and has 1 bedroom, 1 bath, living room, and kitchen. Unit 4 has 2 bedrooms, kitchen, living room, half bath downstairs and Jack and Jill bathroom upstairs, as well as a front patio area.

Last Agent to Sell the Property

Brian Perry

KW Innovations License #3169636 Listed on: 02/08/2022

KW Innovations

Last Buyer's Agent

John Zwirzina

Palm Beachers Realty LLC License #276543794

Palm Beachers Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,173

Year Built

  • Built in 1925

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced

Home Design

  • Flat Roof Shape
  • Shingle Roof
  • Tile Roof
  • Composition Roof

Interior Spaces

  • 3,320 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Ceramic Tile

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38434421151420110

Community Details

Overview

  • 4 Units
  • Town Of Lake Worth Subdivision

Building Details

  • Operating Expense $20,962
  • Net Operating Income $26,138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,173

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From I 95 take the exit for 10th Ave. Head east on 10th Ave. and take right on to E Street.
  • Year Built: 1925
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Living Area: 3320.0

Exterior Features

  • Exterior Features: Balcony, Fence, Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale
  • Roof: Composition, Flat, Shingle, Tile

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Lot Info

  • Parcel #: 38434421151420110
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: SF-TF-14
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 26138.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 20962.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8173.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2022
Closed on
Jul 7, 2022
Sold by
Elm Terrace Investment Llc
Bought by
2419 29Th Street Llc
Seller's Agent
Brian Perry
KW Innovations
Buyer's Agent
John Zwirzina
Palm Beachers Realty LLC
List Price
$625,000
Sold Price
$537,500
Premium/Discount to List
-$87,500
-14%
Current Estimated Value
$599,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,313
Avg. Annual Appreciation
6.53%

Purchase Details

Closed on
May 15, 2006
Sold by
Barrett Stephen L
Bought by
Elm Terrace Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 1997
Sold by
Mannio Anthony
Bought by
Barrett Stephen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 1997
Sold by
Wylie Thomas J
Bought by
Mannino Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.39%
Mortgage Type
New Conventional
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
2419 29Th Street Llc $537,500 Performance Title & Escrow
Elm Terrace Investment Llc $183,000 Seacrest Title Company
Barrett Stephen L $100,000 --
Mannino Anthony $64,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elm Terrace Investments Llc $350,000
Previous Owner Elm Terrace Investment Llc $200,000
Previous Owner Barrett Stephen L $169,000
Previous Owner Mannino Anthony $116,000
Previous Owner Mannino Anthony $80,000
Previous Owner Mannino Anthony $69,724
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $537,500 -14.0% $162 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $625,000 -- $188 / 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 $13,582 $522,411 -- --
2023 $12,338 $474,919 $142,250 $332,669
2022 $8,576 $242,547 $0 $0
2021 $8,173 $415,088 $135,200 $279,888
2020 $7,547 $364,553 $119,600 $244,953
2019 $7,163 $348,662 $109,200 $239,462
2018 $6,491 $319,449 $103,292 $216,157
2017 $5,852 $252,070 $73,780 $178,290
2016 $2,917 $136,912 $0 $0
2015 $5,104 $124,465 $0 $0
2014 $3,870 $91,612 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10775528

BeachesMLS

APN: 38-43-44-21-15-142-0110