NOT LISTED FOR SALE

5208 Spruce Ave West Palm Beach, FL 33407

Northwood Harbor Neighborhood

Estimated Value: $495,000 - $574,000

3 Beds
3 Baths
1,667 Sq Ft
$327/Sq Ft Est. Value

Last Sold December 09, 2020

Last sale price $270,000 $162 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $3,600/month

100 Days on Market

Highlights

  • Room in yard for a pool
  • Corner Lot
  • 4-minute walk to Osprey Park
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of December 2020

Great income earner just one block off Flagler! CBS legal duplex with 2/2 and 1/1. 2/2 has two living areas, so potential to make it a 3/2 with minimal work. Property is fully rented, in good condition with original hardwoods. No limit on potential...Unique location so close to Flagler and the intracoastal allows you to upgrade the units for increased income if desired.

Last Agent to Sell the Property

Rick Heers

Sailfish Group Realty License #3299226 Listed on: 07/31/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,869

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,667 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Pool

  • Room in yard for a pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434304060410200

Community Details

Overview

  • 2 Units
  • North Palm Bch 3 Subdivision

Building Details

  • Operating Expense $8,250
  • Net Operating Income $17,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,869

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Flagler to W. on 51st to home on R., corner of Spruce and 51st
  • Year Built: 1948
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 1667.0

Exterior Features

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • 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 #: 74434304060410200
  • Lot Size Sq Ft: 7405.0
  • Zoning Description: SF7(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 17550.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 8250.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4869.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Dec 9, 2020
Sold by
Sadeh Michal
Bought by
5208 Sa Llc
Seller's Agent
Rick Heers
Sailfish Group Realty
List Price
$299,000
Sold Price
$270,000
Premium/Discount to List
-$29,000
-9.7%
Current Estimated Value
$544,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,419
Avg. Annual Appreciation
18.15%
Original Mortgage
$220,000
Outstanding Balance
$135,741
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$466,599

Purchase Details

Listed on
Aug 6, 2014
Closed on
Feb 3, 2016
Sold by
Now Home Buyers Llc
Bought by
Sadeh Michal
Seller's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
Buyer's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
List Price
$55,000
Sold Price
$105,000
Premium/Discount to List
$50,000
90.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.75%

Purchase Details

Listed on
Aug 6, 2014
Closed on
Dec 8, 2015
Sold by
Balevic Hank and Balevic Henry
Bought by
Now Home Buyers Llc
Seller's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
Buyer's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
List Price
$55,000
Sold Price
$105,000
Premium/Discount to List
$50,000
90.91%

Purchase Details

Closed on
Feb 4, 2003
Sold by
Jackson Franklin
Bought by
Balevic Hank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
12%

Purchase Details

Closed on
Oct 14, 1999
Sold by
Parke Sylvia
Bought by
Jackson Franklin
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
5208 Sa Llc $270,000 Florida International T&E
Sadeh Michal $114,300 Title Guaranty South Fl Inc
Now Home Buyers Llc $105,000 Town & Country Title Guarant
Balevic Hank $92,000 --
Jackson Franklin $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balevic Hank $90,000
Previous Owner Jackson Franklin $68,600
Previous Owner Jackson Franklin $17,150
Previous Owner Jackson Franklin $57,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2020 12/09/20 Sold $270,000 -9.7% $162 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $299,000 +184.8% $179 / Sq Ft
12/08/2015 12/08/15 Sold $105,000 +90.9% $63 / Sq Ft
11/08/2015 11/08/15 Pending -- -- --
08/06/2014 08/06/14 For Sale $55,000 -- $33 / 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 $8,551 $349,262 -- --
2023 $7,564 $317,511 $207,340 $205,612
2022 $6,685 $288,646 $0 $0
2021 $6,098 $262,405 $70,000 $192,405
2020 $5,061 $246,039 $84,000 $162,039
2019 $4,864 $208,696 $77,000 $131,696
2018 $5,040 $171,265 $72,337 $98,928
2017 $3,447 $145,828 $49,888 $95,940
2016 $2,233 $88,719 $0 $0
2015 $2,636 $103,016 $0 $0
2014 $2,513 $93,651 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rick Heers

    Seller's Agent in 2020

    Rick Heers

    Sailfish Group Realty

    (561) 718-5999

    1 in this area

    67 Total Sales

    Rick Heers
    Section Image
  • Carlos Montoya

    Seller's Agent in 2015

    Carlos Montoya

    Fidelity Real Estate Group LLC

    (954) 345-9144

    147 Total Sales

    Carlos Montoya
    Section Image

  • C

    Buyer's Agent in 2015

    Carlos Montoya

    Fidelity Real Estate Group LLC

See All Agents

Map

Source: BeachesMLS

MLS Number: R10643295

BeachesMLS

APN: 74-43-43-04-06-041-0200

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

5208 Spruce Ave, West Palm Beach, FL

This home is located at 5208 Spruce Ave, West Palm Beach, FL 33407 since 31 July 2020 and is currently estimated at $544,419, approximately $326 per square foot. This property was built in 1948. 5208 Spruce Ave 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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