$690,000
SOLD OCT 15, 2024
-- Bed
-- Bath
1,958 Sq Ft
6,647 Sq Ft Lot

Recently Sold

$352 Per Sq Ft

7% Below List Price

109 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 6 Car Garage

About This Home

As of October 2024

Beautiful triplex with a higher level of finishing than the usual multifamily property in Lake Worth. Property consists of 1 unit with 1 bedroom/ 1 bathrooms, 1 unit with 2 bedrooms/ 1 bathroom and 1 studio with bathroom. The property is highly finished and comes fully furnished, which makes this an amazing turnkey rental property for short-term and long-term rentals. The location is amazing: less than 1 mile to Downtown Lake Worth, a couple of blocks away from the Intercoastal and 1 mile away from the I95. Property stands out thanks to its location, high finishes, beautiful volumes inside and the versatile layouts of the units. Property is perfect for house hacking! Live in one unit and rent out the two other ones!

Last Agent to Sell the Property

Thomas Herremans

KW Reserve Palm Beach License #3563900 Listed on: 06/27/2024

KW Reserve Palm Beach

Last Buyer's Agent

Thomas Herremans

KW Reserve Palm Beach License #3563900 Listed on: 06/27/2024

KW Reserve Palm Beach

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,673

Year Built

  • Built in 1926

Parking

  • 6 Car Garage

Home Design

  • Triplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,958 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Additional Features

  • 6,647 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38434427010110060
  • Seller Considering Concessions

Community Details

Overview

  • 3 Units
  • Lake Worth Town Of Add Subdivision

Building Details

  • Operating Expense $24,603
  • Net Operating Income $54,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,673

Year Built

Built in 1926

Lot Details

0

Parking

6

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Year Built: 1926
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Laminate, Vinyl, Wood
  • Living Area: 1958.0

Exterior Features

  • Exterior Features: None
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, Frame
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 6.0
  • Garage Spaces: 6.0
  • Garage Yn: Yes

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 38434427010110060
  • Lot Size: 50ft x 125ft
  • Lot Size Sq Ft: 6647.0
  • Zoning Description: SF-R (ci
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 54597.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 24603.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7673.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Oct 15, 2024
Sold by
Hugo Eric G
Bought by
Frappier Ami Una
Seller's Agent
Thomas Herremans
KW Reserve Palm Beach
Buyer's Agent
Thomas Herremans
KW Reserve Palm Beach
List Price
$745,000
Sold Price
$690,000
Premium/Discount to List
-$55,000
-7.38%
Total Days on Market
109
Views
16
Current Estimated Value
$684,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,709
Avg. Annual Appreciation
-1.31%
Original Mortgage
$532,000
Outstanding Balance
$528,902
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$155,389

Purchase Details

Listed on
Jun 13, 2022
Closed on
Sep 17, 2022
Sold by
Roddy John and Roddy Blanca
Bought by
Hugo Eric G
Seller's Agent
Lisa Roddy
Pellego, LLC
Buyer's Agent
Ivana Hristodorov
Premier Brokers International
List Price
$759,000
Sold Price
$710,000
Premium/Discount to List
-$49,000
-6.46%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.40%
Original Mortgage
$532,500
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2018
Sold by
711 South N Llc
Bought by
Roddy John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,928
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 26, 2016
Sold by
Suga Ddvelopment Llc
Bought by
711 South N Llc

Purchase Details

Closed on
Apr 22, 2015
Sold by
Lee Barry L
Bought by
Suga Development Llc

Purchase Details

Closed on
Jun 17, 2006
Sold by
Lee Debra A and Lee Barry L
Bought by
Lee Barry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.55%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 18, 2002
Sold by
Gebert Donald A
Bought by
Lee Barry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
7.08%
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 Type Sale Price Title Company
Warranty Deed $665,000 Pegasus Title Services
Warranty Deed $710,000 Supreme Title
Warranty Deed $280,000 Premier Title Co Ltd
Warranty Deed $104 Attorney
Trustee Deed $91,500 None Available
Quit Claim Deed $30,382 Quality Title Agency Inc
Warranty Deed $70,000 Terramar Guaranty Title & Tr
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $532,000 New Conventional
Closed $18,000 Construction
Previous Owner $532,500 New Conventional
Previous Owner $18,480 FHA
Previous Owner $274,928 FHA
Previous Owner $157,000 Unknown
Previous Owner $66,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $690,000 0.0% $352 / Sq Ft
10/15/2024 10/15/24 Sold $690,000 -7.4% $352 / Sq Ft
06/27/2024 06/27/24 For Sale $745,000 0.0% $380 / Sq Ft
06/27/2024 06/27/24 For Sale $745,000 +4.9% $380 / Sq Ft
10/06/2022 10/06/22 Sold $710,000 -6.5% $363 / Sq Ft
08/13/2022 08/13/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $759,000 -- $388 / 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 $7,770 $349,105 -- --
2023 $9,641 $436,094 $0 $0
2022 $7,334 $276,309 $0 $0
2021 $6,714 $251,190 $66,000 $185,190
2020 $5,255 $230,084 $66,000 $164,084
2019 $6,184 $225,684 $61,600 $164,084
2018 $4,289 $169,994 $44,895 $125,099
2017 $3,783 $127,147 $40,814 $86,333
2016 $3,736 $126,689 $0 $0
2015 $1,490 $58,840 $0 $0
2014 $1,499 $58,373 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10999898

BeachesMLS

APN: 38-43-44-27-01-011-0060