F
Seller's Agent in 2024
Frank Alvarez
Century 21 WC Realty
(561) 355-0270
2 in this area
36 Total Sales
5655 Mango Rd West Palm Beach, FL 33413
Royal Palm Estates Neighborhood
--
Bed
--
Bath
3,600
Sq Ft
0.25
Acres
Highlights
- No HOA
- Carpet
- 1-Story Property
- Central Air
- Heating Available
About This Home
As of July 2024Excellent Investment opportunity! This property is currently at a 5.5% CAP RATE with the potential to go above 8% CAP. This amazing fourplex is located in Royal Palm Beach County. Minutes from downtown West Palm Beach - dining, shopping, and entertainment including the world-renowned Kravis theater. Beautiful Florida beaches within a 5-minute driving distance and more! Each unit has 2 parking spaces, 2 bedrooms, 1 bath, and a large backyard. This property is fully rented below market rent; the new owner will have the chance to even increase the rent and receive more than 8% CAP.
Last Agent to Sell the Property
Coldwell Banker Realty License #3046618 Listed on: 03/02/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,669
Year Built
- Built in 1981
Parking
- 8 Parking Spaces
Home Design
- Quadruplex
- Substantially Remodeled
- Composition Roof
- Stucco Exterior
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
- Carpet
Utilities
- Central Air
- Heating Available
- Septic Tank
Community Details
- No Home Owners Association
- 4 Units
- Royal Palm Estates Condos
- Royal Palm Estates Subdivision
Listing and Financial Details
- Rent includes sewer, trash collection
- Assessor Parcel Number 00424335100110140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2023
Closed on
May 8, 2023
Sold by
Linares Damiana Heredia
Bought by
Richardson Garth and Mohammed Jenna
Seller's Agent
OrElvys Sanabria
Coldwell Banker Realty
Buyer's Agent
OrElvys Sanabria
Coldwell Banker Realty
List Price
$950,000
Sold Price
$915,000
Premium/Discount to List
-$35,000
-3.68%
Views
78
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,976
Avg. Annual Appreciation
-1.01%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $915,000 | Cla Title & Escrow |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2024 07/31/24 | Rented | $2,000 | 0.0% | -- | |
| 07/29/2024 07/29/24 | Sold | $1,150,000 | 0.0% | $319 / Sq Ft | View Prior Sale |
| 07/09/2024 07/09/24 | For Rent | $2,000 | 0.0% | -- | |
| 04/24/2024 04/24/24 | For Sale | $1,350,000 | +47.5% | $375 / Sq Ft | |
| 05/08/2023 05/08/23 | Sold | $915,000 | -3.7% | $254 / Sq Ft | |
| 03/02/2023 03/02/23 | For Sale | $950,000 | -- | $264 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $10,137 | $521,017 | -- | -- |
| 2023 | $10,116 | $519,538 | $160,500 | $359,038 |
| 2022 | $10,669 | $503,501 | $0 | $0 |
| 2021 | $9,392 | $457,728 | $176,000 | $281,728 |
| 2020 | $7,766 | $446,368 | $176,000 | $270,368 |
| 2019 | $7,294 | $407,752 | $176,000 | $231,752 |
| 2018 | $6,349 | $360,407 | $155,925 | $204,482 |
| 2017 | $5,693 | $310,042 | $103,950 | $206,092 |
| 2016 | $5,238 | $209,630 | $0 | $0 |
| 2015 | $4,918 | $190,573 | $0 | $0 |
| 2014 | $4,657 | $173,248 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Alvarez
-
Maylin Alvarez Marrero
M
Buyer's Agent in 2024
Maylin Alvarez Marrero
Florida Management & Investments LLC
(561) 800-7628
4 Total Sales
-
OrElvys Sanabria
Seller's Agent in 2023
OrElvys Sanabria
Coldwell Banker Realty
(305) 632-5240
1 in this area
92 Total Sales
-
Annaby Pozo
Seller Co-Listing Agent in 2023
Annaby Pozo
Coldwell Banker Realty
(305) 987-8451
1 in this area
26 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11347603
APN: 00-42-43-35-10-011-0140
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