NOT LISTED FOR SALE

539 Silver Beach Rd Lake Park, FL 33403

Estimated Value: $444,806 - $533,000

5 Beds
3 Baths
1,982 Sq Ft
$248/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $319,000 $161 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,405/month

21 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Fenced

About This Home

As of August 2021

Lake Park Duplex consists of a 2/1 and 3/2, both with central a/c and laundry rooms, sep elec & water meters that allow tenants to pay their own utilities. Both units have been remodeled in the last 5-7 years. Long term tenants desire to stay. Written leases in effect. Note income/expense figures solely include gross rents, RE taxes & lawn maintenance.

Last Agent to Sell the Property

Sharon Restrepo

KeyRenters South Florida License #556815 Listed on: 06/19/2021

Last Buyer's Agent

Alex Bess

Dalton Wade Inc License #657324

Dalton Wade Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,691

Year Built

  • Built in 1961

Lot Details

  • 10,154 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,982 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 36434220010590320

Community Details

Overview

  • 4 Units
  • Kelsey City Subdivision

Building Details

  • Operating Expense $5,891
  • Net Operating Income $27,829

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,691

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Blue Heron Blvd to Broadway, north to Silver Beach Road, left to property on right
  • Year Built: 1961
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1982.0

Exterior Features

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

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • 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
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 36434220010590320
  • Lot Size: 75.0 ft x 136.0 ft
  • Lot Size Sq Ft: 10154.0
  • Zoning Description: R2(cit

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 27829.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 5891.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4691.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2021
Closed on
Aug 10, 2021
Sold by
Don Anthonys Property Management Inc
Bought by
Smith Willie
Seller's Agent
Sharon Restrepo
KeyRenters South Florida
Buyer's Agent
Alex Bess
Dalton Wade Inc
List Price
$319,000
Sold Price
$319,000
Current Estimated Value
$490,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,952
Avg. Annual Appreciation
10.65%
Original Mortgage
$239,250
Outstanding Balance
$219,886
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$260,800

Purchase Details

Closed on
Feb 14, 2011
Sold by
5Th Ave Financial Group Inc
Bought by
Don Anthonys Property Management Inc

Purchase Details

Closed on
Feb 11, 2011
Sold by
Charles Jean M
Bought by
5Th Ave Financial Group Inc

Purchase Details

Closed on
Feb 25, 2005
Sold by
Yearwood Cleveland B and Yearwood Eleanor M
Bought by
Charles Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage
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
Smith Willie $319,000 Attorney
Don Anthonys Property Management Inc $70,000 Attorney
5Th Ave Financial Group Inc $55,000 Sunbelt Title Agency
Charles Jean M $225,000 Capital Abstract & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Willie $239,250
Previous Owner Charles Jean M $213,600
Previous Owner Charles Jean M $202,500
Previous Owner Yearwood Cleveland $2,448
Previous Owner Yearwood Cleveland B $16,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $319,000 0.0% $161 / Sq Ft
07/11/2021 07/11/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $319,000 0.0% $161 / Sq Ft
08/01/2016 08/01/16 Rented $1,545 -0.3% --
07/02/2016 07/02/16 Under Contract -- -- --
05/02/2016 05/02/16 For Rent $1,550 +24.0% --
10/01/2014 10/01/14 Rented $1,250 -7.4% --
09/01/2014 09/01/14 Under Contract -- -- --
07/28/2014 07/28/14 For Rent $1,350 -3.6% --
04/01/2013 04/01/13 Rented $1,400 +16.7% --
03/02/2013 03/02/13 Under Contract -- -- --
12/10/2012 12/10/12 For Rent $1,200 0.0% --
03/01/2012 03/01/12 Rented $1,200 -4.0% --
01/31/2012 01/31/12 Under Contract -- -- --
11/11/2011 11/11/11 For Rent $1,250 -- --
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 $8,762 $335,719 -- --
2023 $8,319 $320,031 $108,885 $211,146
2022 $8,117 $327,489 $0 $0
2021 $4,946 $213,719 $56,100 $157,619
2020 $4,691 $207,111 $68,850 $138,261
2019 $4,506 $209,439 $68,850 $140,589
2018 $3,765 $150,852 $48,907 $101,945
2017 $3,640 $141,013 $43,667 $97,346
2016 $3,432 $102,336 $0 $0
2015 $3,189 $93,033 $0 $0
2014 $2,932 $84,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sharon Restrepo

    Seller's Agent in 2021

    Sharon Restrepo

    KeyRenters South Florida

    (561) 429-6052

    1 in this area

    16 Total Sales

    Sharon Restrepo
    Section Image
  • Alex Bess

    Buyer's Agent in 2021

    Alex Bess

    Dalton Wade Inc

    (561) 512-7300

    1 in this area

    5 Total Sales

    Alex Bess
    Section Image
  • Shavonne Edgecombe

    Buyer's Agent in 2016

    Shavonne Edgecombe

    Ask & You Shall Receive Realty

    (561) 880-5388

    31 Total Sales

    Shavonne Edgecombe
    Section Image

  • A

    Buyer's Agent in 2014

    Alvaro Restrepo

    Realty Advisors International

  • J

    Buyer's Agent in 2012

    Jean Hellquist

    Keller Williams Realty Jupiter

    (561) 628-3265

    12 Total Sales

    Jean Hellquist
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10725265

BeachesMLS

APN: 36-43-42-20-01-059-0320

Florida Palm Beach County Lake Park 33403

539 Silver Beach Rd, Lake Park, FL

This home is located at 539 Silver Beach Rd, Lake Park, FL 33403 since 19 June 2021 and is currently estimated at $490,952, approximately $247 per square foot. This property was built in 1961. 539 Silver Beach Rd is a home located in Palm Beach County with nearby schools including Lincoln Elementary School, John F. Kennedy Middle School, and Palm Beach Gardens 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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