$160,000
SOLD JUL 16, 2014

5984 Banana Rd West Palm Beach, FL 33413

Royal Palm Estates Neighborhood
-- Bed
-- Bath
2,150 Sq Ft
0.32 Acres

Recently Sold

$74 Per Sq Ft

1% Above List Price

5 Days on Market

Highlights

  • 13,939 Sq Ft lot
  • Central Heating and Cooling System
  • Ceiling Fan
  • Ceramic Tile Flooring

About This Home

As of March 2016

This is a great investment opportunity for those looking for income property. Duplex each unit is a 2 bedroom 2 bath with an enclosed porch. Newly remodeled kitchen and both units have hurricane shutters.

Last Agent to Sell the Property

Michael Gozzo

Gulfstream Properties License #3231834 Listed on: 06/10/2014

Co-Listed By

George Richetelli

Compass Florida LLC License #3077581

Last Buyer's Agent

George Gamble

Century 21 America's Choice/WPB License #147164

Century 21 America's Choice/WPB

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,496

Year Built

  • Built in 1973

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,150 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Additional Features

  • 0.32 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $22,800
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 00424335130320010

Community Details

Overview

  • 2 Units
  • Royal Palm Est 4 Subdivision

Building Details

  • Operating Expense $4,000
  • Net Operating Income $18,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,496

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Southern Blvd West of I95 to Pine Ave North to Banana Rd
  • Year Built: 1973
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2150.0

Exterior Features

  • Lot Features: < 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
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No

Lot Info

  • Parcel #: 00424335130320010
  • Lot Size Sq Ft: 13939.0
  • Zoning Description: MULTI-FA
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 18800.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 4000.0
  • Total Actual Rent: 22800.0

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2496.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2017
Sold by
Cabrera Carlos and Cabrera Mercedes
Bought by
Mercar Llc
Current Estimated Value
$574,217

Purchase Details

Listed on
Oct 9, 2015
Closed on
Feb 1, 2016
Bought by
Mercar Llc
Seller's Agent
George Gamble
Century 21 America's Choice/WPB
Buyer's Agent
Allison Goldstein
Coastal Realty Group Sales & M
List Price
$259,900
Sold Price
$245,000
Premium/Discount to List
-$14,900
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%

Purchase Details

Listed on
Jun 10, 2014
Closed on
Jul 14, 2014
Sold by
Van Cott Circle Llc
Bought by
Bekkers Sander and Bekkers Brenda
Seller's Agent
Michael Gozzo
Gulfstream Properties
Buyer's Agent
George Gamble
Century 21 America's Choice/WPB
List Price
$159,000
Sold Price
$160,000
Premium/Discount to List
$1,000
0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.87%
Original Mortgage
$114,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2008
Sold by
Nicholson Hammill L and Black Nicholson Jan
Bought by
Van Cott Circle Llc

Purchase Details

Closed on
Apr 14, 1995
Sold by
Chavis Michelle Johnston Strawn and Strawn Michelle Johnston
Bought by
Nicholson Hammill L and Koning Jan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.49%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Attorney
Deed $245,000 --
Warranty Deed $160,000 Attorney
Warranty Deed -- Attorney
Warranty Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $114,750 New Conventional
Previous Owner $40,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2016 03/01/16 Sold $245,000 -5.7% $102 / Sq Ft
01/31/2016 01/31/16 Pending -- -- --
10/09/2015 10/09/15 For Sale $259,900 +62.4% $108 / Sq Ft
07/16/2014 07/16/14 Sold $160,000 +0.6% $74 / Sq Ft
06/16/2014 06/16/14 Pending -- -- --
06/10/2014 06/10/14 For Sale $159,000 -- $74 / 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 $6,940 $348,060 -- --
2023 $6,759 $316,418 $206,460 $225,452
2022 $6,013 $287,653 $0 $0
2021 $5,288 $261,503 $88,000 $173,503
2020 $5,191 $254,514 $88,000 $166,514
2019 $4,870 $233,009 $88,000 $145,009
2018 $4,418 $218,019 $77,963 $140,056
2017 $3,983 $194,218 $51,975 $142,243
2016 $3,505 $158,996 $0 $0
2015 $3,263 $144,542 $0 $0
2014 $2,873 $112,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    George Gamble

    Century 21 America's Choice/WPB

    (561) 968-9292

    6 Total Sales

    George Gamble
    Section Image

  • A

    Buyer's Agent in 2016

    Allison Goldstein

    Coastal Realty Group Sales & M

    (561) 758-9835

    52 Total Sales

    Allison Goldstein
    Section Image

  • M

    Seller's Agent in 2014

    Michael Gozzo

    Gulfstream Properties

    (561) 262-6494

    124 Total Sales

    Michael Gozzo
    Section Image
  • George Richetelli

    Seller Co-Listing Agent in 2014

    George Richetelli

    Compass Florida LLC

    (561) 714-8386

    52 Total Sales

    George Richetelli
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10048185

BeachesMLS

APN: 00-42-43-35-13-032-0010

Florida Palm Beach County West Palm Beach 33413 Royal Palm Estates

5984 Banana Rd, West Palm Beach, FL

This home is located at 5984 Banana Rd, West Palm Beach, FL 33413 and is currently priced at $160,000, approximately $74 per square foot. This property was built in 1973. 5984 Banana Rd is a home located in Palm Beach County with nearby schools including Benoist Farms Elementary School, Jeaga Middle School, and Royal Palm Beach 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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