NOT LISTED FOR SALE

531 N E St Lake Worth, FL 33460

Tropical Ridge Neighborhood

Estimated Value: $433,000 - $900,000

8 Beds
4 Baths
3,080 Sq Ft
$228/Sq Ft Est. Value

Last Sold June 23, 2020

Last sale price $535,000 $174 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,117/month

138 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of June 2020

RARE 4 PLEX IN LAKE WORTH. GREAT investment opportunity and ideal location. 4 separate units 2/1 with separate water and electrical meters. Each units have washer and dryer. Onsite and off street parking. Hurricane Panels and ceiling fans in all rooms. Tile Floors throughout all units. Central Air. Below market rents and value add. All square footage is approx., expenses, and income and must be verify by purchaser.

Last Agent to Sell the Property

Michael Kaufman

Michael Kaufman Real Estate Inc License #3276163 Listed on: 01/06/2020

Last Buyer's Agent

Jeffrey Creegan

RE/MAX Services License #SL3432383

RE/MAX Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,312

Year Built

  • Built in 1973

Lot Details

  • 6,754 Sq Ft Lot
  • Sprinkler System

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,080 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 38434421151400170

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $10,078
  • Net Operating Income $42,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,312

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: take I-95 to 10th Avenue East F Street, Head South on F Street
  • Year Built: 1973
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3080.0
  • Window Features: Blinds

Exterior Features

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

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421151400170
  • Lot Size Sq Ft: 6754.0
  • Zoning Description: SF-TF-
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 42230.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 10078.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5312.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Jun 22, 2020
Sold by
Kaufman Richard L and Kaufman Diane L
Bought by
Desousa Joshua
Seller's Agent
Michael Kaufman
Michael Kaufman Real Estate Inc
Buyer's Agent
Jeffrey Creegan
RE/MAX Services
List Price
$584,500
Sold Price
$535,000
Premium/Discount to List
-$49,500
-8.47%
Current Estimated Value
$703,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,185
Avg. Annual Appreciation
7.65%
Original Mortgage
$517,144
Outstanding Balance
$463,648
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$314,506
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
Desousa Joshua $535,000 Automated Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desousa Joshua $517,144
Previous Owner Kaufman Richard I $360,000
Previous Owner Kaufman Richard I $49,500
Previous Owner Kaufman Richard I $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2020 06/23/20 Sold $535,000 -8.5% $174 / Sq Ft
05/24/2020 05/24/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $584,500 -- $190 / 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 $14,665 $566,220 -- --
2023 $13,801 $514,745 $0 $0
2022 $12,401 $467,950 $0 $0
2021 $11,628 $425,409 $135,200 $290,209
2020 $6,756 $302,917 $119,600 $183,317
2019 $6,454 $295,348 $109,200 $186,148
2018 $5,878 $271,645 $103,292 $168,353
2017 $5,312 $211,843 $73,780 $138,063
2016 $4,899 $122,097 $0 $0
2015 $4,684 $110,997 $0 $0
2014 $4,532 $100,906 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Kaufman

    Seller's Agent in 2020

    Michael Kaufman

    Michael Kaufman Real Estate Inc

    (917) 488-0444

    32 Total Sales

    Michael Kaufman
    Section Image
  • Jeffrey Creegan

    Buyer's Agent in 2020

    Jeffrey Creegan

    RE/MAX

    (561) 939-9819

    175 Total Sales

    Jeffrey Creegan
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10589700

BeachesMLS

APN: 38-43-44-21-15-140-0170

Florida Palm Beach County Lake Worth 33460 Tropical Ridge

531 N E St, Lake Worth, FL

This home is located at 531 N E St, Lake Worth, FL 33460 since 06 January 2020 and is currently estimated at $703,185, approximately $228 per square foot. This property was built in 1973. 531 N E St is a home located in Palm Beach County with nearby schools including Highland Elementary School, Lake Worth High School, and Lake Worth Community Middle 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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