NOT LISTED FOR SALE

711 5th St Unit 1 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $579,335 - $962,000

-- Bed
3 Baths
2,882 Sq Ft
$246/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $440,000 $153 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,533/month

109 Days on Market

Highlights

  • Water Views
  • Central Heating and Cooling System
  • 3-minute walk to Alice Mickens Park
  • Tile Flooring

About This Home

As of October 2021

Centrally located Investment Triplex rental property. Two units rented for $900 each permonth. One of the units is occupied by oneof the owners. Had it been rented at the samemonthly rate the yearly rental would have$32,400. Owners are aware that the market raterent is more than what is being charged but tenants are living there a long time. There is no monthly lease, month to month.

Last Agent to Sell the Property

Alvin Grant

Tropical Trails Realty License #0519233 Listed on: 06/07/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,877

Year Built

  • Built in 1985

Lot Details

  • 6,970

Home Design

  • Triplex

Interior Spaces

  • 2,882 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Water Views

Additional Features

  • 6,970 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434321060110080

Community Details

Overview

  • Association fees include HVAC, insurance, ground maintenance, maintenance structure, parking
  • 3 Units
  • Clows Subdivision

Building Details

  • Operating Expense $11,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,877

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Palm Beach Lakes Blvd to To Tamarind Avenue:make right into Tamarind Avenue, travel southto 5th Street. Make left into 5th Street to 711 5th Street.
  • Year Built: 1985
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2882.0

Exterior Features

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

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: HVAC, Insurance, Maintenance Grounds, Maintenance Structure, Parking

Lot Info

  • Parcel #: 74434321060110080
  • Lot Size Sq Ft: 6970.0
  • Zoning Description: NWD-R(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4877.0

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 11080.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Oct 25, 2021
Sold by
Watkins Maria and Clemons Myron
Bought by
Piedra Fabian and Palacio Maria G
Seller's Agent
Alvin Grant
Tropical Trails Realty
List Price
$470,000
Sold Price
$440,000
Premium/Discount to List
-$30,000
-6.38%
Current Estimated Value
$710,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,334
Avg. Annual Appreciation
9.54%
Original Mortgage
$308,000
Outstanding Balance
$284,785
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$344,003

Purchase Details

Closed on
Nov 30, 2017
Sold by
Watkins Maria and Clemons Myron
Bought by
Watkins Maria

Purchase Details

Closed on
Oct 10, 2015
Sold by
Wattins Geames James
Bought by
Watkins Maria

Purchase Details

Closed on
Jul 9, 2012
Sold by
Watkins Maria
Bought by
Watkins Geames J
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
Piedra Fabian $440,000 Supreme Title And Escrow Inc
Watkins Maria -- Attorney
Watkins Maria $45,000 None Available
Watkins Geames J $27,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Piedra Fabian $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $440,000 -6.4% $153 / Sq Ft
09/25/2021 09/25/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $470,000 -- $163 / 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 $9,206 $417,220 -- --
2023 $8,528 $379,291 $62,902 $332,543
2022 $7,868 $344,810 $0 $0
2021 $5,599 $295,486 $46,250 $249,236
2020 $4,877 $223,553 $40,700 $182,853
2019 $4,571 $208,085 $51,800 $156,285
2018 $4,214 $228,521 $36,950 $191,571
2017 $3,861 $208,964 $32,130 $176,834
2016 $3,657 $124,412 $0 $0
2015 $3,567 $113,102 $0 $0
2014 $3,018 $102,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Alvin Grant

    Tropical Trails Realty

    (561) 310-6713

    1 in this area

    5 Total Sales

    Alvin Grant
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Map

Source: BeachesMLS

MLS Number: R10722233

BeachesMLS

APN: 74-43-43-21-06-011-0080

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

711 5th St Unit 1, West Palm Beach, FL

This home is located at 711 5th St Unit 1, West Palm Beach, FL 33401 since 07 June 2021 and is currently estimated at $710,334, approximately $246 per square foot. This property was built in 1985. 711 5th St Unit 1 is a home located in Palm Beach County with nearby schools including Roosevelt Elementary 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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