NOT LISTED FOR SALE

723 725 Silver Beach Rd Lake Park, FL 33403

Estimated Value: $194,000 - $246,755

2 Beds
1 Bath
900 Sq Ft
$240/Sq Ft Est. Value

Last Sold August 27, 2013

Last sale price $115,000 $128 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,474/month

8 Days on Market

Highlights

  • Terrazzo Flooring
  • Ceiling Fan
  • 3-minute walk to Lake park Developmental Center
  • Central Heating and Cooling System

About This Home

As of August 2013

This is a great investment property. Both units are tenant occupied. Live in one side and rent the other. Both units are central air and heat, laundry rooms attached to each unit. All measurement, sizes and fees are estimates.

Last Agent to Sell the Property

Yolande Thomas

Kenmar Realty LLC License #3113072 Listed on: 07/19/2013

Last Buyer's Agent

Michael Seymour

Seymour Realty License #566646

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,548

Year Built

  • Built in 1958

Lot Details

  • 5,227

Home Design

  • Duplex

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Terrazzo
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $1,400
  • Rent includes electricity, cable TV, water
  • Assessor Parcel Number 36434220010520381

Community Details

Overview

  • 2 Units
  • Kelsey City Subdivision

Building Details

  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,548

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: I95 to Northlake Blvd east to Congress Ave turn right continue to Silver Beach Rd turn left continue east property on the north side of the road.
  • Year Built: 1958
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Terrazzo
  • Living Area: 900.0

Exterior Features

  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Roof: Other

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 36434220010520381
  • Zoning Description: R2

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 16800.0
  • Number Of Units Total: 2
  • Total Actual Rent: 1400.0

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1548.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2022
Sold by
Maurice Spence
Bought by
Hollywood Palms Of The Palm Beaches Llc
Current Estimated Value
$215,689

Purchase Details

Closed on
Nov 20, 2020
Sold by
725 Sbr Llc
Bought by
Spence Maurice F

Purchase Details

Closed on
Dec 20, 2019
Sold by
Spence Maurice
Bought by
725 Sbr Llc

Purchase Details

Closed on
Apr 25, 2014
Sold by
Thomas Tony C and Thomas Yolande D
Bought by
Spence Maurice

Purchase Details

Closed on
Aug 29, 2005
Sold by
Thomas Tony C and Thomas Yolande D
Bought by
Thomas Tony C and Thomas Yolande D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 5, 2000
Sold by
Faucette Ila W
Bought by
Graves Alexander L and Graves Annie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,800
Interest Rate
8.63%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Hollywood Palms Of The Palm Beaches Llc $290,000 Consumers First Title
Spence Maurice F -- None Available
725 Sbr Llc -- Butler Title
Thomas Tony C $82,400 Fidelity Natl Title Ins Co
Graves Alexander L $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Tony C $180,000
Previous Owner Graves Alexander L $94,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2013 08/27/13 Sold $115,000 -4.2% $128 / Sq Ft
07/28/2013 07/28/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $120,000 -- $133 / 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 $3,593 $130,000 -- --
2023 $3,528 $130,000 $0 $130,000
2022 $2,789 $105,000 $0 $0
2021 $2,694 $100,000 $0 $100,000
2020 $2,591 $94,919 $26,393 $68,526
2019 $2,445 $96,100 $26,393 $69,707
2018 $2,124 $76,938 $19,331 $57,607
2017 $2,066 $73,989 $16,382 $57,607
2016 $1,980 $63,655 $0 $0
2015 $1,830 $57,868 $0 $0
2014 $1,885 $59,172 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2013

    Yolande Thomas

    Kenmar Realty LLC

    (561) 906-1348

    15 Total Sales

    Yolande Thomas
    Section Image

  • M

    Buyer's Agent in 2013

    Michael Seymour

    Seymour Realty

    (561) 729-1120

    1 in this area

    10 Total Sales

    Michael Seymour
    Section Image
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Map

Source: BeachesMLS

MLS Number: R9962862

BeachesMLS

APN: 36-43-42-20-01-052-0381

Florida Palm Beach County Lake Park 33403

723 725 Silver Beach Rd, Lake Park, FL

This home is located at 723 725 Silver Beach Rd, Lake Park, FL 33403 since 19 July 2013 and is currently estimated at $215,689, approximately $239 per square foot. This property was built in 1958. 723 725 Silver Beach Rd is a home located in Palm Beach County with nearby schools including Lake Park Elementary School, Howell L. Watkins Middle School, and Palm Beach Gardens 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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