NOT LISTED FOR SALE

Estimated Value: $549,800 - $781,000

6 Beds
3 Baths
2,220 Sq Ft
$292/Sq Ft Est. Value

Sale Details

Date Sold: November 8, 2019

Last sale price $350,000 $158 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,319 / mo

11 Days on Market

Highlights

  • Garden View
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • No HOA
  • Awning
  • Fenced

About This Home

As of November 2019

Great income producing CBS triplex, in the heart of Lake Worth Beach! Two 2 bedroom/1 bath units, and one 1 bedroom/1 bath unit in the middle. Large parking lot with 5 parking spaces. New roof installed 2017. Each unit features newer central a/c units, ceramic tile floor throughout, kitchens updated approximately 5 years ago, and washer/dryer hook-ups in each unit. Current rents are below market: Similar units rent around $1100 - $1200 for 2 bedroom units and $1000 for 1 bedroom. Sellers have owned the property around 30 years. Current tenants would like to stay, pay their own utilities, and are all on a month to month basis. Separate electric and water meters for each unit. Great location, just a couple minutes to I-95, and just minutes from downtown Lake Worth Beach and the beach

Last Agent to Sell the Property

Keith Korpi

Coastal Classic Realty License #3089591 Listed on: 09/05/2019

Last Buyer's Agent

Cesar Torres

Highlight Realty Corp/LW License #3357112

Highlight Realty Corp/LW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,482

Year Built

  • Built in 1977

Lot Details

  • 6,487 Sq Ft Lot
  • Fenced

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3 Bathrooms
  • 2,220 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Garden Views

Outdoor Features

  • Awning

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Assessor Parcel Number 38434421100010130

Community Details

Overview

  • No Home Owners Association
  • Highlands Subdivision

Building Details

  • Gross Income $27,600
  • Net Operating Income $18,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,482

Year Built

Built in 1977

Lot Details

6,487 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: I-95 to 10th Ave N exit, go East, turn right on North A St going S, turn right on 7th Ave N, and then left on Highland Ave. Property will be on the left side.
  • Year Built: 1977
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2220.0

Exterior Features

  • Exterior Features: Awning(s)
  • View: Garden
  • Fencing: Fenced
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Individual
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 38434421100010130
  • Lot Size Acres: 0.15
  • Lot Size: 50 ft x 130 ft approx.
  • Lot Size Sq Ft: 6534.0
  • Mobile Dim Units: Feet
  • Zoning: SF-7(c

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Property Net Operating Income: 18960.0
  • Annual Gross Income: 27600.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4481.77

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2019
Closed on
Nov 8, 2019
Sold by
Bought by
Seller's Agent
Keith Korpi
Coastal Classic Realty
Buyer's Agent
Cesar Torres
Highlight Realty Corp/LW
List Price
$365,000
Sold Price
$350,000
Premium/Discount to List
-$15,000
-4.11%
Current Estimated Value
$647,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,700
Avg. Annual Appreciation
9.74%
Original Mortgage
$343,660
Outstanding Balance
$299,355
Interest Rate
3.65%
Mortgage Type
FHA
Estimated Equity
$348,345
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$350,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $343,660
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/08/2019 11/08/19 Sold $350,000 -4.1% $158 / Sq Ft
10/09/2019 10/09/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $365,000 -- $164 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,927 $407,736 -- --
2024 $9,927 $370,669 -- --
2023 $8,838 $336,972 $0 $0
2022 $8,555 $306,338 $0 $0
2021 $7,967 $306,750 $101,400 $205,350
2020 $7,220 $253,172 $89,700 $163,472
2019 $4,958 $225,337 $81,900 $143,437
2018 $4,482 $202,265 $77,469 $124,796
2017 $4,052 $157,923 $55,335 $102,588
2016 $3,736 $95,674 $0 $0
2015 $3,568 $86,976 $0 $0
2014 $3,453 $79,069 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10558670

BeachesMLS (Greater Fort Lauderdale)

APN: 38-43-44-21-10-001-0130

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