NOT LISTED FOR SALE

614 Palm St Unit 1 West Palm Beach, FL 33401

Grandview Heights Neighborhood

Estimated Value: $953,124 - $1,327,000

4 Beds
4 Baths
2,375 Sq Ft
$451/Sq Ft Est. Value

Last Sold May 01, 2015

Last sale price $355,000 $149 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $7,245/month

27 Days on Market

Highlights

  • Patio
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Palm Beach Public School Rated A-
  • Central Heating and Cooling System
  • 5-minute walk to Flamingo Park

About This Home

As of May 2015

Fantastic Investment Opportunity! Four tenant-occupied units. Two new leases at $850/mo - other 2 coming up for renewal. Property located less than 1/2 mile south of Okeechobee & downtown WPB, just a few blocks from the Norton Museum. Separate a/c and electric for each unit. Reasonable annual expenses yield strong ROI. Two units updated, 2 more modest.

Last Agent to Sell the Property

Judson Whitehorn

Whitehorn & Co LLC License #3233811 Listed on: 03/04/2015

Last Buyer's Agent

Angela O'Brien

KW Reserve Palm Beach License #3149876

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,089

Year Built

  • Built in 1950

Lot Details

  • 6,447

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,375 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring

Additional Features

  • Patio
  • Sprinkler System
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $40,800
  • Rent includes electricity, gas, cable TV
  • Assessor Parcel Number 74434328050000520

Community Details

Overview

  • 4 Units
  • Grandview Heights Subdivision

Building Details

  • Operating Expense $11,288
  • Net Operating Income $29,512

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,089

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From Okeechobee Blvd., travel south on U.S. One .4 miles to Palm Street. West to 614.
  • Year Built: 1950
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2375.0

Exterior Features

  • Exterior Features: Patio
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434328050000520
  • Zoning Description: SF14-C

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 29512.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 11288.0
  • Total Actual Rent: 40800.0

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 5089.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2024
Sold by
Rgt Holdings Llc and Lake 7 Properties Llc
Bought by
614 Palm Street Llc
Total Days on Market
27
Current Estimated Value
$1,072,281

Purchase Details

Closed on
Dec 19, 2023
Sold by
Woodrose Properties Florida Llc
Bought by
Rgt Holdings Llc and Lake 7 Properties Llc

Purchase Details

Listed on
Mar 4, 2015
Closed on
May 1, 2015
Sold by
Mohareb Mona and Sarno Mona
Bought by
Wodrose Properties Florida Llc
Seller's Agent
Judson Whitehorn
Whitehorn & Co LLC
Buyer's Agent
Angela O'Brien
KW Reserve Palm Beach
List Price
$369,900
Sold Price
$355,000
Premium/Discount to List
-$14,900
-4.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.77%
Original Mortgage
$243,750
Interest Rate
3.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 25, 2008
Sold by
Fantone Eliseo
Bought by
Mohareb Mona

Purchase Details

Closed on
Feb 2, 2005
Sold by
Steele Christopher M and Steele Kelly J
Bought by
Fantone Eliseo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2000
Sold by
Hodach Gary A and Hodach Alice
Bought by
Steele Christophe M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
8.29%
Mortgage Type
Balloon
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
614 Palm Street Llc $975,000 Expert Title
Rgt Holdings Llc -- None Listed On Document
Wodrose Properties Florida Llc $355,000 None Available
Mohareb Mona $100,000 Attorney
Fantone Eliseo $390,000 Flagler Title Company
Steele Christophe M $91,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Woodrose Properties Florida Ll $1,040,000
Previous Owner Wodrose Properties Florida Llc $243,750
Previous Owner Fantone Eliseo $290,000
Previous Owner Steele Christophe M $138,497
Previous Owner Steele Christophe M $20,000
Closed Fantone Eliseo $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2015 05/01/15 Sold $355,000 -4.0% $149 / Sq Ft
04/01/2015 04/01/15 Pending -- -- --
03/04/2015 03/04/15 For Sale $369,900 -- $156 / 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 $14,714 $678,894 -- --
2023 $12,731 $523,983 $627,200 $70,894
2022 $11,971 $476,348 $0 $0
2021 $10,541 $482,401 $245,000 $237,401
2020 $9,773 $442,715 $210,000 $232,715
2019 $8,815 $369,992 $210,000 $159,992
2018 $7,632 $325,352 $137,565 $187,787
2017 $7,197 $305,503 $114,637 $190,866
2016 $6,918 $286,735 $0 $0
2015 $5,570 $199,363 $0 $0
2014 $5,089 $181,239 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Judson Whitehorn

    Whitehorn & Co LLC

    (561) 531-9477

    32 Total Sales

    Judson Whitehorn
    Section Image

  • A

    Buyer's Agent in 2015

    Angela O'Brien

    KW Reserve Palm Beach

See All Agents

Map

Source: BeachesMLS

MLS Number: R10116541

BeachesMLS

APN: 74-43-43-28-05-000-0520

Florida Palm Beach County West Palm Beach 33401 Grandview Heights

614 Palm St Unit 1, West Palm Beach, FL

This home is located at 614 Palm St Unit 1, West Palm Beach, FL 33401 since 04 March 2015 and is currently estimated at $1,072,281, approximately $451 per square foot. This property was built in 1950. 614 Palm St Unit 1 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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