NOT LISTED FOR SALE

724 22nd St Unit 1 West Palm Beach, FL 33407

North Tamarind Neighborhood

Estimated Value: $508,590 - $591,000

8 Beds
4 Baths
3,104 Sq Ft
$178/Sq Ft Est. Value

Last Sold September 17, 2015

Last sale price $125,000 $40 Per Sq Ft

Est. 342% increase in value since last sale

Current estimated payment $3,494/month

6 Days on Market

About This Home

As of September 2015

This home is located at 724 22nd St Unit 1, West Palm Beach, FL 33407 since 10 August 2015 and is currently estimated at $552,863, approximately $178 per square foot. This property was built in 1953. 724 22nd St Unit 1 is a home located in Palm Beach County with nearby schools including Pleasant City Elementary School, Palm Beach Lakes High School, and University Preparatory Academy Palm Beach.

Last Agent to Sell the Property

James Torrance

KW Reserve Luxury, LLC License #3553816 Listed on: 08/10/2015

KW Reserve Luxury, LLC

Co-Listed By

Dolores Roth

RH Realty License #0673642

Last Buyer's Agent

Dolores Roth

RH Realty License #0673642

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,467

Year Built

  • Built in 1953

Lot Details

  • 5,756 Sq Ft Lot

Interior Spaces

  • 3,104 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows

Listing and Financial Details

  • Total Actual Rent $28,800
  • Rent includes electricity, water
  • Assessor Parcel Number 74434316100040050

Community Details

Overview

  • 4 Units
  • Washington Heights Subdivision

Building Details

  • Operating Expense $8,186
  • Net Operating Income $20,614

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,467

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Palm Beach Lakes to Tamarind,North on Tamarind to 22, right to unit
  • Year Built: 1953
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Other
  • Living Area: 3104.0
  • Window Features: Metal, Single Hung

Exterior Features

  • Exterior Features: None
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Roof: Other

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434316100040050
  • Lot Size: 50.0 ft x 0.0 ft
  • Lot Size Sq Ft: 5756.0
  • Zoning Description: SF11
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 20614.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 8186.0
  • Total Actual Rent: 28800.0

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2467.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Nov 16, 2015
Sold by
Aa Management Group Llc
Bought by
Aa Management Group 724 Llc
Seller's Agent
James Torrance
KW Reserve Luxury, LLC
Buyer's Agent
Dolores Roth
RH Realty
List Price
$150,000
Sold Price
$125,000
Premium/Discount to List
-$25,000
-16.67%
Current Estimated Value
$552,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,863
Avg. Annual Appreciation
15.71%

Purchase Details

Listed on
Aug 10, 2015
Closed on
Sep 4, 2015
Sold by
Matthews Marquette C
Bought by
Meridian Trust Llc
Seller's Agent
James Torrance
KW Reserve Luxury, LLC
Buyer's Agent
Dolores Roth
RH Realty
List Price
$150,000
Sold Price
$125,000
Premium/Discount to List
-$25,000
-16.67%

Purchase Details

Closed on
Feb 14, 2014
Sold by
Matthews Tempestt Danielle and Matthews Martino James
Bought by
Matthews Marquette Chanel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Aa Management Group 724 Llc -- Attorney
Meridian Trust Llc $125,000 Attorney
Matthews Marquette Chanel -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2015 09/17/15 Sold $125,000 -16.7% $40 / Sq Ft
08/18/2015 08/18/15 Pending -- -- --
08/11/2015 08/11/15 For Sale $150,000 -- $48 / 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 $6,984 $255,907 -- --
2023 $6,151 $232,643 $48,768 $268,472
2022 $6,146 $211,494 $0 $0
2021 $5,137 $217,309 $24,000 $193,309
2020 $5,126 $246,901 $17,940 $228,961
2019 $4,887 $238,701 $14,300 $224,401
2018 $3,910 $173,704 $12,510 $161,194
2017 $3,374 $131,321 $10,425 $120,896
2016 $3,352 $127,740 $0 $0
2015 $2,827 $119,572 $0 $0
2014 $2,467 $105,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    James Torrance

    KW Reserve Luxury, LLC

    (561) 358-9303

    4 Total Sales

    James Torrance
    Section Image
  • Dolores Roth

    Seller Co-Listing Agent in 2015

    Dolores Roth

    RH Realty

    (512) 568-5068

    7 Total Sales

    Dolores Roth
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10158770

BeachesMLS

APN: 74-43-43-16-10-004-0050

Florida Palm Beach County West Palm Beach 33407 North Tamarind

724 22nd St Unit 1, West Palm Beach, FL

Not Listed for Sale

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