NOT LISTED FOR SALE

617 SW 5th St Unit 1 Belle Glade, FL 33430

Estimated Value: $240,000 - $269,000

-- Bed
2 Baths
1,404 Sq Ft
$182/Sq Ft Est. Value

Last Sold March 04, 2021

Last sale price $229,000 $163 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,738/month

129 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No Heating

About This Home

As of March 2021

Don't close your eyes, don't fall asleep 'coz YOU DON'T WANNA MISS A THING on this sweet investor's deal! This DUPLEX with 2Bed/1Bath units is grossing $14,400 annually ($600/unit/month) with tenants who want to stay. This is one of the 4 multi-parcel income-generating properties which can be purchased as a package (RX-10658249, RX-10658228, RX-10658255,RX-10658263). With a reliable property manager onsite and an oozing CAP rate potential, this would be a great addition to a landlord's rental portfolio. Please don't disturb tenants. BUY TODAY AND START EARNING!

Last Agent to Sell the Property

Jack Padillo

RE/MAX Prestige Realty License #BK3299147 Listed on: 09/25/2020

RE/MAX Prestige Realty

Last Buyer's Agent

Benny Gammerman

VIP International Realty LLC License #3074482

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,278

Year Built

  • Built in 1982

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,404 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 04374342060060070

Community Details

Overview

  • 2 Units
  • Raders Sub Subdivision

Building Details

  • Operating Expense $5,033
  • Net Operating Income $9,367

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,278

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From S Main St, turn right onto SW Ave F. In 0.3 mile, turn left onto SW 5th St and in 144 ft, arrive at property on the left.
  • Year Built: 1982
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Carpet, Laminate, Other, Tile
  • Living Area: 1404.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 04374342060060070
  • Lot Size Sq Ft: 5227.0
  • Zoning Description: R2(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 9367.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5033.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2278.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Mar 4, 2021
Sold by
Bg Yathrim Llc
Bought by
Bfh4 Llc
Seller's Agent
Jack Padillo
RE/MAX Prestige Realty
Buyer's Agent
Benny Gammerman
VIP International Realty LLC
List Price
$119,000
Sold Price
$229,000
Premium/Discount to List
$110,000
92.44%
Current Estimated Value
$255,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,474
Avg. Annual Appreciation
1.86%

Purchase Details

Closed on
Aug 24, 2017
Sold by
Clark Wilie Lee and Estate Of Willie Lee Clark Sr
Bought by
Bg Yatirm Llca Florida Limnited

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,600
Interest Rate
3.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Bfh4 Llc $229,000 Title Guaranty Of South Fl I
Bg Yatirm Llca Florida Limnited $122,000 Hbg Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bg Yatirm Llca Florida Limnited $97,600
Previous Owner Clark Willie Lee $25,386
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2021 03/04/21 Sold $229,000 +92.4% $163 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
09/25/2020 09/25/20 For Sale $119,000 -- $85 / 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 $3,775 $143,034 -- --
2023 $3,543 $130,031 $8,886 $152,100
2022 $3,115 $118,210 $0 $0
2021 $2,530 $104,383 $5,000 $99,383
2020 $2,261 $84,470 $5,000 $79,470
2019 $2,103 $76,105 $5,000 $71,105
2018 $1,876 $64,801 $5,194 $59,607
2017 $1,196 $36,182 $4,155 $32,027
2016 $1,211 $36,182 $0 $0
2015 $1,197 $34,110 $0 $0
2014 $1,128 $31,009 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jack Padillo

    Seller's Agent in 2021

    Jack Padillo

    RE/MAX

    (863) 677-5317

    12 in this area

    105 Total Sales

    Jack Padillo
    Section Image
  • Benny Gammerman

    Buyer's Agent in 2021

    Benny Gammerman

    VIP International Realty LLC

    (305) 975-8728

    5 in this area

    17 Total Sales

    Benny Gammerman
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10658228

BeachesMLS

APN: 04-37-43-42-06-006-0070

Florida Palm Beach County Belle Glade 33430

617 SW 5th St Unit 1, Belle Glade, FL

This home is located at 617 SW 5th St Unit 1, Belle Glade, FL 33430 since 25 September 2020 and is currently estimated at $255,474, approximately $181 per square foot. This property was built in 1982. 617 SW 5th St Unit 1 is a home located in Palm Beach County with nearby schools including Glade View Elementary School, Lake Shore Middle School, and Glades Central 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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