NOT LISTED FOR SALE

Estimated Value: $664,456 - $1,001,000

-- Bed
4 Baths
2,464 Sq Ft
$344/Sq Ft Est. Value

Last Sold August 22, 2013

Last sale price $100,000 $41 Per Sq Ft

Est. 748% increase in value since last sale

Current estimated payment $5,207/month

29 Days on Market

Highlights

  • Garden View
  • Patio
  • Attic Fan
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Fenced

About This Home

As of August 2013

20% CAP! Handymen / Contractor Special! 4plex is one of few LEGAL ones in great Northwood location close to intercoastal and downtown West Palm Beach. Lots of Redevelopment in Process and More Coming with major marina Expansions by Rybinovich Development arm. See 5 ATTACHMENTS. Walk the property and check out the up and coming area. This is one of very few LEGAL 4PLEXES in the area!!! There is an old city code violation (for junk car) of $31,000 that maybe significantly reduced if new owner petitions. (we

Last Agent to Sell the Property

ANNA Nevtonova LLC

United Realty Group Inc. License #3252443 Listed on: 07/23/2013

Last Buyer's Agent

Shelley Gerst

The Corcoran Group License #566241

The Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,405

Year Built

  • Built in 1928

Lot Details

  • 5,968

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,464 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • Garden Views
  • Attic Fan

Utilities

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

Additional Features

  • Patio
  • Fenced

Listing and Financial Details

  • Total Actual Rent $36,000
  • Rent includes electricity, gas, sewer, cable TV, water
  • Assessor Parcel Number 74434309050410080

Community Details

Overview

  • 4 Units
  • Northwood Add Subdivision

Building Details

  • Operating Expense $12,000
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,405

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: 3rd home West of Broadway
  • Year Built: 1928
  • Unit Levels: Two
  • Building Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2464.0

Exterior Features

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

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434309050410080
  • Zoning Description: Mf14

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 24000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 12000.0
  • Total Actual Rent: 36000.0

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1405.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2024
Sold by
738 Executive Center Drive Llc
Bought by
Ricesa Llc
Current Estimated Value
$847,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Outstanding Balance
$545,156
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$302,708

Purchase Details

Listed on
Jul 23, 2013
Closed on
Aug 22, 2013
Sold by
Ivanov Alexander
Bought by
738 Executive Center Drive Llc
Seller's Agent
ANNA Nevtonova LLC
United Realty Group Inc.
Buyer's Agent
Shelley Gerst
The Corcoran Group
List Price
$99,900
Sold Price
$100,000
Premium/Discount to List
$100
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.41%

Purchase Details

Listed on
Jul 23, 2013
Closed on
Jul 18, 2013
Sold by
Kankam Edward and Kankam Cygethia
Bought by
Ivanov Alexander
Seller's Agent
ANNA Nevtonova LLC
United Realty Group Inc.
Buyer's Agent
Shelley Gerst
The Corcoran Group
List Price
$99,900
Sold Price
$100,000
Premium/Discount to List
$100
0.1%

Purchase Details

Closed on
Jan 18, 2006
Sold by
Bassoff Richard W and Bassoff Barbara F
Bought by
Kankam Edward and Kankam Cygethia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.22%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 18, 2003
Sold by
Kenney Donill J and Kenney Jodie D
Bought by
Bassoff Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
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
Ricesa Llc $690,000 None Listed On Document
Ricesa Llc $690,000 None Listed On Document
738 Executive Center Drive Llc $100,000 Florida Land Title
Ivanov Alexander $50,100 Florida Land Title
Kankam Edward $320,000 Horizon Title Services Inc
Bassoff Richard W $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ricesa Llc $552,000
Closed Ricesa Llc $552,000
Previous Owner Kankam Edward $224,000
Previous Owner Bassoff Richard W $143,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2013 08/22/13 Sold $100,000 +0.1% $41 / Sq Ft
07/23/2013 07/23/13 For Sale $99,900 -- $41 / 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 $7,471 $285,489 -- --
2023 $6,843 $259,535 $84,360 $281,096
2022 $6,219 $235,941 $0 $0
2021 $5,762 $260,054 $30,000 $230,054
2020 $5,538 $262,547 $30,000 $232,547
2019 $5,209 $245,091 $28,000 $217,091
2018 $4,131 $169,072 $19,772 $149,300
2017 $3,799 $160,076 $15,209 $144,867
2016 $3,598 $133,183 $0 $0
2015 $3,278 $121,075 $0 $0
2014 $3,400 $118,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R9963617

BeachesMLS

APN: 74-43-43-09-05-041-0080