NOT LISTED FOR SALE

521 46th St West Palm Beach, FL 33407

Northwood Harbor Neighborhood

Estimated Value: $832,000 - $1,020,000

6 Beds
5 Baths
3,031 Sq Ft
$307/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $475,000 $157 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $6,163/month

151 Days on Market

Highlights

  • 10,504 Sq Ft lot
  • Wall Furnace
  • 4-minute walk to Gettler Park
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2020

This 5 unit Multi Family property is fully occupied. New Roofs for all units. Zoned 10 units or less. 5 more units could be added to this property. All units have a separate electric meter. Owner pays water and landscaping. Great Cash Flow Investment and massive appreciation opportunity. 4 units are 1/1's - 1 unit is a 2/1. Very easy to own! Low maintenance..

Last Agent to Sell the Property

Jon Frank

Singer Island Realty License #3345673 Listed on: 02/17/2020

Last Buyer's Agent

John William

Century 21 America's Choice License #3264275

Century 21 America's Choice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,350

Year Built

  • Built in 1950

Lot Details

  • 10,504 Sq Ft Lot

Home Design

  • Shingle Roof
  • Composition Roof
  • Modular or Manufactured Materials

Interior Spaces

  • 3,031 Sq Ft Home
  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 74434304040190260

Community Details

Overview

  • 4 Units
  • North Palm Bch 1 Subdivision

Building Details

  • Operating Expense $18,750
  • Net Operating Income $30,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,350

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Head E off of I-95 Head North onto 46th St. Arrive at Property.
  • Year Built: 1950
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Other
  • Living Area: 3031.0

Exterior Features

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

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: 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 #: 74434304040190260
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 10504.0
  • Zoning Description: SF7(ci

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 30450.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 18750.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8350.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2020
Closed on
Aug 19, 2020
Sold by
Mathai Varughese and Mathai Babli
Bought by
1301 Smith Fedenfi Highway Llc
Seller's Agent
Jon Frank
Singer Island Realty
Buyer's Agent
John William
Century 21 America's Choice
List Price
$499,990
Sold Price
$475,000
Premium/Discount to List
-$24,990
-5%
Current Estimated Value
$931,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,456
Avg. Annual Appreciation
14.06%
Original Mortgage
$226,567
Outstanding Balance
$201,883
Interest Rate
3%
Mortgage Type
Balloon
Estimated Equity
$729,573

Purchase Details

Closed on
Dec 22, 2017
Sold by
Mathai Inc
Bought by
Mathai Varughese and Mathai Babli

Purchase Details

Closed on
Feb 8, 2002
Sold by
Rostob Inc
Bought by
Mathai Inc

Purchase Details

Closed on
Aug 7, 1998
Sold by
Pr William F Thompson
Bought by
Rostob Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 1996
Sold by
Turner Joseph K
Bought by
Thompson Pr William F
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
1301 Smith Fedenfi Highway Llc $475,000 Clear2close T&E Llc
Mathai Varughese -- Attorney
Mathai Inc $165,000 Standard Title Ins Agency In
Rostob Inc $98,000 --
Thompson Pr William F $38,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1301 Smith Fedenfi Highway Llc $226,567
Previous Owner Thompson Pr William F $71,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $475,000 -5.0% $157 / Sq Ft
07/18/2020 07/18/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $499,990 -- $165 / 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 $14,701 $614,578 -- --
2023 $13,282 $553,824 $294,112 $379,263
2022 $12,326 $503,476 $0 $0
2021 $11,016 $457,705 $168,000 $289,705
2020 $9,185 $416,049 $144,000 $272,049
2019 $8,354 $353,039 $132,000 $221,039
2018 $7,051 $288,139 $120,562 $167,577
2017 $5,130 $245,917 $83,146 $162,771
2016 $4,411 $166,258 $0 $0
2015 $4,777 $173,010 $0 $0
2014 $4,550 $157,282 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jon Frank

    Seller's Agent in 2020

    Jon Frank

    Singer Island Realty

    (561) 262-8585

    72 Total Sales

    Jon Frank
    Section Image

  • J

    Buyer's Agent in 2020

    John William

    Century 21 America's Choice

    (203) 223-7988

    1 Total Sale

    John William
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10601905

BeachesMLS

APN: 74-43-43-04-04-019-0260

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

521 46th St, West Palm Beach, FL

This home is located at 521 46th St, West Palm Beach, FL 33407 since 17 February 2020 and is currently estimated at $931,456, approximately $307 per square foot. This property was built in 1950. 521 46th 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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