NOT LISTED FOR SALE

521 Kanuga Dr West Palm Beach, FL 33401

Flamingo Park Neighborhood

Estimated Value: $1,297,674 - $1,529,000

7 Beds
5 Baths
3,440 Sq Ft
$402/Sq Ft Est. Value

Last Sold October 11, 2017

Last sale price $455,000 $132 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $9,023/month

23 Days on Market

Highlights

  • Water Views
  • Fruit Trees
  • Cooling System Mounted To A Wall/Window
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • 4-minute walk to Flamingo Park

About This Home

As of October 2017

Fantastic opportunity to own an investment property in beautiful and highly sought after Flamingo Park and being offered below appraised value! 2 separate buildings with a lovely courtyard and media room for tenants enjoyment. The front building has two 2/1 units, 1 upstairs and 1 down. The back building has three 1/1 units although one of them is currently combined to be a 2/2. There are 5 separate meters. This is a prime location, close to City Place, Downtown and courthouse and hospitals, 5 minutes from PBI and close to bus routes. All units are currently occupied and property is being offered furnished. Coin operated laundry on premises. This property based out of the downtown area as everything is within walking distance.

Last Listed By

Allison Goldstein

Coastal Realty Group Sales & M License #661293 Listed on: 08/18/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,104

Year Built

  • Built in 1925

Lot Details

  • 6,273

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,440 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Water Views

Flooring

  • Wood
  • Ceramic Tile

Utilities

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

Additional Features

  • Patio
  • Fruit Trees

Listing and Financial Details

  • Assessor Parcel Number 74434328060020130

Community Details

Overview

  • 4 Units
  • Flamingo Park Subdivision

Building Details

  • Operating Expense $13,800
  • Net Operating Income $40,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,104

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From I-95, E on Belvedere, N on Lake to E on Kanuga
  • Year Built: 1925
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Living Area: 3440.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fruit Trees, Patio
  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434328060020130
  • Zoning Description: Sf 14-C2

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 40200.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 13800.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 7104.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2017
Closed on
Oct 6, 2017
Sold by
Grace S Way Llc
Bought by
521 Kanuga Llc
Seller's Agent
Allison Goldstein
Coastal Realty Group Sales & M
Buyer's Agent
Allison Goldstein
Coastal Realty Group Sales & M
List Price
$585,000
Sold Price
$455,000
Premium/Discount to List
-$130,000
-22.22%
Total Days on Market
23
Current Estimated Value
$1,381,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$926,891
Avg. Annual Appreciation
15.65%

Purchase Details

Listed on
Sep 9, 2013
Closed on
Nov 8, 2013
Sold by
Land Acqui Corp
Bought by
Graces Way Llc
Seller's Agent
Gina Perez
Great American Realty Inc.
Buyer's Agent
Gina Perez
Great American Realty Inc.
List Price
$319,000
Sold Price
$275,000
Premium/Discount to List
-$44,000
-13.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.74%
Original Mortgage
$275,000
Interest Rate
4.23%
Mortgage Type
Amount Keyed Is An Aggregate Amount

Purchase Details

Closed on
May 21, 2010
Sold by
Daisy Family Llc
Bought by
Land Acqui Corp

Purchase Details

Closed on
May 18, 2010
Sold by
Delpino Luis and Dedesma Pedro L
Bought by
Daisy Family Llc

Purchase Details

Closed on
Jun 29, 2005
Sold by
Miller Calvin
Bought by
Dedesma Pedro L and Delpino Luis

Purchase Details

Closed on
Feb 21, 1997
Sold by
Mehler Charles F
Bought by
Prewitt Coleman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.88%

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
521 Kanuga Llc $440,000 Attorney
Graces Way Llc $275,000 First Intl Title Inc
Land Acqui Corp $179,000 Attorney
Daisy Family Llc $75,000 Attorney
Dedesma Pedro L $610,000 Palm Title Services Inc
Prewitt Coleman $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grace S Way Llc $275,000
Previous Owner Graces Way Llc $275,000
Previous Owner Dedesma Pedro L $492,000
Previous Owner Prewitt Coleman $159,000
Previous Owner Prewitt Coleman $28,500
Previous Owner Prewitt Coleman $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2017 10/11/17 Sold $455,000 -22.2% $132 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $585,000 +112.7% $170 / Sq Ft
11/13/2013 11/13/13 Sold $275,000 -13.8% $80 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
09/09/2013 09/09/13 For Sale $319,000 -- $93 / 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 $15,456 $631,557 -- --
2023 $15,200 $574,143 $543,600 $395,429
2022 $13,207 $521,948 $0 $0
2021 $11,871 $557,755 $288,000 $269,755
2020 $11,482 $578,327 $198,000 $380,327
2019 $9,956 $429,730 $207,000 $222,730
2018 $8,453 $356,497 $175,547 $180,950
2017 $7,622 $353,705 $152,650 $201,055
2016 $7,104 $276,273 $0 $0
2015 $6,398 $251,157 $0 $0
2014 $7,466 $293,969 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Allison Goldstein

    Coastal Realty Group Sales & M

    (561) 758-9835

    52 Total Sales

    Allison Goldstein
    Section Image
  • Gina Perez

    Seller's Agent in 2013

    Gina Perez

    Great American Realty Inc.

    (352) 637-3800

    5 Total Sales

    Gina Perez
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10360102

BeachesMLS

APN: 74-43-43-28-06-002-0130

Florida Palm Beach County West Palm Beach 33401 Flamingo Park

521 Kanuga Dr, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 521 Kanuga Dr, West Palm Beach, FL 33401 since 18 August 2017 and is currently estimated at $1,381,891, approximately $401 per square foot. This property was built in 1925. 521 Kanuga Dr is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill 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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