NOT LISTED FOR SALE

713 Penn St West Palm Beach, FL 33401

Grandview Heights Neighborhood

Estimated Value: $728,728 - $994,000

-- Bed
3 Baths
1,612 Sq Ft
$551/Sq Ft Est. Value

Last Sold January 31, 2013

Last sale price $325,000 $202 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $6,065/month

65 Days on Market

Highlights

  • Water Views
  • Interior Lot
  • Ceramic Tile Flooring
  • Palm Beach Public School Rated A-
  • Patio
  • 5-minute walk to Howard Park and Community Center

About This Home

As of January 2013

This renovated and impeccably maintained complex consists of three units for either annual rentals or Vacation rentals. Close to City Place and beaches. Amazing Pool area and on site laundry.Own your own Melrose Place! In City!

Last Listed By

Douglas G

William Raveis Real Estate License #3224095 Listed on: 10/27/2012

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,888

Year Built

  • Built in 1980

Lot Details

  • Fenced
  • Interior Lot

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,612 Sq Ft Home
  • 2-Story Property
  • Awning
  • Blinds
  • Water Views

Flooring

  • Carpet
  • Ceramic Tile

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $36,800
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 74434328050002701

Community Details

Overview

  • 4 Units
  • Grandview Hgts In Subdivision

Building Details

  • Operating Expense $16,000
  • Net Operating Income $25,421

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,888

Year Built

Built in 1980

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: ONE BLOCK NORTH OF PARK PLACE BETWEEN LAKE & GEORGIA
  • Year Built: 1980
  • Unit Levels: Two
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1612.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence, Patio, Awning(s)
  • View: Water
  • Lot Features: Interior Lot, < 1/4 Acre
  • Pool Features: Pool
  • View: Yes
  • Waterfront: No
  • Construction Type: Block, Other
  • Patio And Porch Features: Patio
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Association Fee: 2.0
  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434328050002701
  • Zoning Description: RES

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 25421.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 16000.0
  • Total Actual Rent: 36800.0

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 4888.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2020
Sold by
713 Penn Street Llc
Bought by
Griffin Kayla A
Total Days on Market
65
Current Estimated Value
$887,432

Purchase Details

Listed on
Oct 27, 2012
Closed on
Jan 29, 2013
Sold by
713 Park Place Llc
Bought by
713 Penn Street Llc
Seller's Agent
Douglas G
William Raveis Real Estate
List Price
$355,000
Sold Price
$325,000
Premium/Discount to List
-$30,000
-8.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%

Purchase Details

Closed on
Dec 30, 2011
Sold by
Sosnow Holdings Llc
Bought by
713 Park Place Llc

Purchase Details

Closed on
Dec 21, 2011
Sold by
713 Penn Street Lp
Bought by
Park Place Group Corporation

Purchase Details

Closed on
Dec 27, 2010
Sold by
Park Place Group Llc
Bought by
713 Penn Street Lp

Purchase Details

Closed on
Jun 29, 2010
Sold by
Palm Beach Oasis Llc
Bought by
Park Place Group Llc

Purchase Details

Closed on
Apr 20, 2007
Sold by
Jay Mar Properties Llc
Bought by
Palm Beach Oasis Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2007
Sold by
Pettifer Richard S and Prescott Richard C
Bought by
Jay Mar Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2005
Sold by
Iversen Dan Tore
Bought by
Pettifer Richard S and Prescott Richard C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.88%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 8, 2002
Sold by
Iversen Dan Tore
Bought by
Iversen Dan Tore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 1999
Sold by
Reyes Milton H
Bought by
Iversen Dan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 1996
Sold by
Hedrick Charles L and Hedrick Dale R
Bought by
Reyes Milton H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,712
Interest Rate
7.83%
Mortgage Type
New Conventional
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
Griffin Kayla A $515,000 Lighthouse Title Svcs Llc
713 Penn Street Llc $325,000 Attorney
713 Park Place Llc -- Attorney
Sosnow Holdings Llc -- Attorney
Park Place Group Corporation -- Attorney
713 Penn Street Lp $200,000 Attorney
Park Place Group Llc $500,000 Universal Land Title Of The
Palm Beach Oasis Llc -- Attorney
Jay Mar Properties Llc -- Attorney
Jay Mar Properties Llc $400,000 Title Matters Llc
Pettifer Richard S $360,000 Universal Land Title Inc
Iversen Dan Tore -- Bridgespan Title Company
Iversen Dan T $118,000 --
Reyes Milton H $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin Kayla A $510,000
Previous Owner Jay Mar Properties Llc $167,000
Previous Owner Pettifer Richard S $270,000
Previous Owner Iversen Dan Tore $172,500
Previous Owner Reyes Milton H $88,500
Previous Owner Reyes Milton H $68,712
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2013 01/31/13 Sold $325,000 -8.5% $202 / Sq Ft
01/01/2013 01/01/13 Pending -- -- --
10/27/2012 10/27/12 For Sale $355,000 -- $220 / 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 $12,972 $581,436 -- --
2023 $12,469 $528,578 $512,540 $166,265
2022 $11,403 $480,525 $0 $0
2021 $10,088 $436,841 $210,000 $226,841
2020 $9,351 $422,134 $180,000 $242,134
2019 $8,419 $352,842 $180,000 $172,842
2018 $7,503 $326,231 $119,358 $206,873
2017 $7,132 $308,119 $99,465 $208,654
2016 $7,060 $298,516 $0 $0
2015 $6,792 $277,595 $0 $0
2014 $6,247 $252,359 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Douglas G

    William Raveis Real Estate

    (561) 531-9182

    5 Total Sales

    Douglas G
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Map

Source: BeachesMLS

MLS Number: R3320638

BeachesMLS

APN: 74-43-43-28-05-000-2701

Florida Palm Beach County West Palm Beach 33401 Grandview Heights

713 Penn St, West Palm Beach, FL

This home is located at 713 Penn St, West Palm Beach, FL 33401 since 27 October 2012 and is currently estimated at $887,432, approximately $550 per square foot. This property was built in 1980. 713 Penn St is a home located in Palm Beach County with nearby schools including Palm Beach Public 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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