NOT LISTED FOR SALE

731 W Lakewood Rd Unit 1 West Palm Beach, FL 33405

Dreher Park Neighborhood

Estimated Value: $457,537 - $494,000

3 Beds
1 Bath
1,050 Sq Ft
$458/Sq Ft Est. Value

Last Sold January 22, 2016

Last sale price $110,000 $105 Per Sq Ft

Est. 338% increase in value since last sale

Current estimated payment $3,204/month

8 Days on Market

Highlights

  • Room in yard for a pool
  • Wood Flooring
  • Central Heating and Cooling System
  • Deck
  • Patio

About This Home

As of January 2016

NICE MEDITERRANEAN STYLE HOUSE WITH ONE BEDROOM APARTMENT IN BACK. NEEDS LIGHT REHAB AND WOULD BRING UP TO $2000 IN RENT FOR BOTH UNITS. LARGE CORNER LOT IN GREAT NEIGHBORHOOD.

Last Agent to Sell the Property

Mark Roberto

Sycamore Realty & Investments License #3216281 Listed on: 12/14/2015

Last Buyer's Agent

Mark Roberto

Sycamore Realty & Investments License #3216281 Listed on: 12/14/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,953

Home Design

  • Duplex
  • Barrel Roof Shape
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,050 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Outdoor Features

  • Room in yard for a pool
  • Deck
  • Patio

Additional Features

  • 5,953 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $21,600
  • Rent includes electricity, cable TV, water
  • Assessor Parcel Number 74434404060002290

Community Details

Overview

  • 2 Units
  • Gardens The Subdivision

Building Details

  • Operating Expense $2,800
  • Net Operating Income $18,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: SOUTH OF SOUTHERN AT CORNER OF LAKE AND LAKEWOOD
  • Year Built: 1927
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 1050.0

Exterior Features

  • Exterior Features: Deck, Patio, Room For Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Patio And Porch Features: Deck, Patio
  • Roof: Barrel, Composition, Shingle

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434404060002290
  • Lot Size Sq Ft: 5953.0
  • Zoning Description: SF7
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 18800.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 2800.0
  • Total Actual Rent: 21600.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2817.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2023
Sold by
Arias Erick Martin Davila
Bought by
Solovyova Anna N and Liberman David
Current Estimated Value
$481,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,867
Outstanding Balance
$432,494
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$2,079

Purchase Details

Closed on
May 31, 2016
Sold by
Estornell Olga
Bought by
Davila Arias Erick M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,938
Interest Rate
3.59%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 14, 2015
Closed on
Jan 21, 2016
Sold by
Sycamore Investments Llc
Bought by
Estornell Olga
Seller's Agent
Mark Roberto
Sycamore Realty & Investments
Buyer's Agent
Mark Roberto
Sycamore Realty & Investments
List Price
$139,000
Sold Price
$110,000
Premium/Discount to List
-$29,000
-20.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.33%

Purchase Details

Listed on
Dec 14, 2015
Closed on
Nov 25, 2015
Sold by
Dalland Properties Lp
Bought by
Sycamore Investments Llc
Seller's Agent
Mark Roberto
Sycamore Realty & Investments
Buyer's Agent
Mark Roberto
Sycamore Realty & Investments
List Price
$139,000
Sold Price
$110,000
Premium/Discount to List
-$29,000
-20.86%

Purchase Details

Closed on
Aug 17, 2012
Sold by
Bank Of America Na
Bought by
Dalland Properties Lp

Purchase Details

Closed on
Sep 23, 2010
Sold by
Michalak John and Michalak Claudia
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Jul 28, 2004
Sold by
Esposito Sharagay and Boyd Gwendolyn
Bought by
Michalak John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 2003
Sold by
Palm Beach Investment Group Llc
Bought by
Esposito Sharagay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2002
Sold by
Housey Richard
Bought by
Palm Beach Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
10.87%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 1, 2002
Sold by
Pfeiffer Heide
Bought by
Housey Richard

Purchase Details

Closed on
Jun 27, 2000
Sold by
Knowles James B and Knowles Leslie
Bought by
Pfeiffer Heide

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
8.55%
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
Solovyova Anna N $449,000 None Listed On Document
Davila Arias Erick M $169,000 Florida Land Title
Estornell Olga $107,500 Pinnacle Land & Title Inc
Sycamore Investments Llc $82,000 Pinnacle Land & Title Inc
Dalland Properties Lp $48,500 Attorney
Bac Home Loans Servicing Lp $40,100 None Available
Michalak John $192,500 Universal Land Title Inc
Esposito Sharagay $152,900 Alpine Title Company
Palm Beach Investment Group Llc $19,500 --
Housey Richard $96,500 --
Pfeiffer Heide $123,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solovyova Anna N $440,867
Previous Owner Davila Arias Erick M $165,938
Previous Owner Michalak John A $178,360
Previous Owner Michalak John $171,000
Previous Owner Esposito Sharagay $137,600
Previous Owner Palm Beach Investment Group Llc $23,000
Previous Owner Pfeiffer Heide $10,881
Previous Owner Pfeiffer Heide $98,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2016 01/22/16 Sold $110,000 -20.9% $105 / Sq Ft
12/23/2015 12/23/15 Pending -- -- --
12/14/2015 12/14/15 For Sale $139,000 +69.5% $132 / Sq Ft
11/25/2015 11/25/15 Sold $82,000 -17.2% $78 / Sq Ft
02/11/2015 02/11/15 Price Changed $99,000 -1.0% $94 / Sq Ft
01/29/2015 01/29/15 For Sale $100,000 -- $95 / 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 $7,222 $338,712 -- --
2023 $3,213 $184,135 $0 $0
2022 $3,161 $178,772 $0 $0
2021 $3,137 $173,565 $0 $0
2020 $3,110 $171,169 $0 $0
2019 $3,056 $167,321 $0 $0
2018 $2,860 $164,201 $0 $0
2017 $2,799 $160,824 $43,538 $117,286
2016 $3,463 $145,753 $0 $0
2015 $2,817 $102,230 $0 $0
2014 $2,540 $92,936 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mark Roberto

    Sycamore Realty & Investments

    (954) 393-4188

    1 in this area

    5 Total Sales

    Mark Roberto
    Section Image
  • Rene Sanchez

    Seller's Agent in 2015

    Rene Sanchez

    Blue Door Real Estate Group LLC

    (305) 363-5990

    43 Total Sales

    Rene Sanchez
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10191603

BeachesMLS

APN: 74-43-44-04-06-000-2290

Florida Palm Beach County West Palm Beach 33405 Dreher Park

731 W Lakewood Rd Unit 1, West Palm Beach, FL

This home is located at 731 W Lakewood Rd Unit 1, West Palm Beach, FL 33405 since 14 December 2015 and is currently estimated at $481,384, approximately $458 per square foot. This property was built in 1927. 731 W Lakewood Rd Unit 1 is a home located in Palm Beach County with nearby schools including Palmetto 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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