NOT LISTED FOR SALE

733 Cypress Dr Unit A West Palm Beach, FL 33403

Estimated Value: $588,000 - $1,148,000

4 Beds
4 Baths
3,790 Sq Ft
$228/Sq Ft Est. Value

Last Sold May 01, 2016

Last sale price $289,900 $76 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $6,024/month

50 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Central Heating and Cooling System
  • 5-minute walk to Lake park Developmental Center
  • Tile Flooring

About This Home

As of May 2016

TTN: Investors & Owner-Occupants! Amazing opportunity to own THIS MONEY MAKER almost an acre of land in a PRIME LOCATION! Truly a hidden treasure, this unique property offers plenty of space between structures for customizing to suit your needs. All 4 UNIT are currently rented. Perfect for investment properties, or live in one home and collect rent from the other 2. So many options! See broker remarks for showing instructions.

Last Agent to Sell the Property

Imran Gunes

Capital Investments R.E. Corp. License #3276953 Listed on: 02/10/2016

Last Buyer's Agent

Imran Gunes

Capital Investments R.E. Corp. License #3276953 Listed on: 02/10/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,038

Year Built

  • Built in 1973

Lot Details

  • 0.47

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,790 Sq Ft Home
  • Tile Flooring

Additional Features

  • Property Fronts a Bay or Harbor
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $40,800
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 36434220020530070

Community Details

Overview

  • 4 Units
  • Lake Park Plat Of Blks 32 Subdivision

Building Details

  • Operating Expense $2,400
  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,038

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: SILVER BEACH RD MAKE LEFT FROM 7TH STREET HOUSE WILL BE ON THE RIGHT SIDE
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Living Area: 3790.0

Exterior Features

  • Pool Features: None
  • Waterfront Features: Bay Front
  • Waterfront: No
  • Construction Type: Block
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 36434220020530070
  • Zoning Description: RES

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 38400.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 2400.0
  • Total Actual Rent: 40800.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6038.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2017
Sold by
Hussain Fahad
Bought by
Zawadzki Marek and Zawadzki Lwona
Current Estimated Value
$865,322

Purchase Details

Listed on
Feb 10, 2016
Closed on
Apr 29, 2016
Sold by
Germirli Group Llc
Bought by
Hussain Fahad
Seller's Agent
Imran Gunes
Capital Investments R.E. Corp.
Buyer's Agent
Imran Gunes
Capital Investments R.E. Corp.
List Price
$290,000
Sold Price
$289,900
Premium/Discount to List
-$100
-0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.30%
Original Mortgage
$198,750
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2014
Sold by
Deutsche Bank Trust Company Americas
Bought by
Germirli Group Llc

Purchase Details

Closed on
Apr 23, 2014
Sold by
Johnson Rheba
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
Jun 11, 2004
Sold by
Carter George A
Bought by
Johnson Rheba Boone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,300
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 1999
Sold by
Rangoon Inc
Bought by
Carter George A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
6.98%
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
Zawadzki Marek $340,000 Pinnacle Land And Title Inc
Hussain Fahad $289,900 Pinnacle Land And Title Inc
Germirli Group Llc $183,000 Premium Title Services Inc
Deutsche Bank Trust Company Americas $194,100 None Available
Johnson Rheba Boone $217,000 Universal Land Title Inc
Carter George A $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hussain Fahad $198,750
Previous Owner Johnson Rheba Boone $195,300
Previous Owner Carter George A $80,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2016 05/01/16 Sold $289,900 0.0% $76 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $290,000 -- $77 / 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 $17,226 $522,794 -- --
2023 $16,392 $475,267 $0 $0
2022 $13,187 $432,061 $0 $0
2021 $11,392 $439,946 $110,000 $329,946
2020 $10,120 $394,226 $135,000 $259,226
2019 $9,662 $397,742 $135,000 $262,742
2018 $8,217 $295,104 $98,609 $196,495
2017 $7,273 $241,592 $88,044 $153,548
2016 $6,469 $197,890 $0 $0
2015 $6,038 $179,900 $0 $0
2014 $5,074 $134,611 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2016

    Imran Gunes

    Capital Investments R.E. Corp.

    (561) 906-5542

    4 in this area

    74 Total Sales

    Imran Gunes
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10206810

BeachesMLS

APN: 36-43-42-20-02-053-0070

Florida Palm Beach County West Palm Beach 33403

733 Cypress Dr Unit A, West Palm Beach, FL

This home is located at 733 Cypress Dr Unit A, West Palm Beach, FL 33403 since 10 February 2016 and is currently estimated at $865,322, approximately $228 per square foot. This property was built in 1973. 733 Cypress Dr Unit A 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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