NOT LISTED FOR SALE

735 Franklin Rd West Palm Beach, FL 33405

Dreher Park Neighborhood

Estimated Value: $507,000 - $585,000

3 Beds
2 Baths
1,359 Sq Ft
$406/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $550,000 $405 Per Sq Ft

Current estimated payment $3,643/month

110 Days on Market

Highlights

  • Above Ground Pool
  • Patio
  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Fenced

About This Home

As of September 2023

An extraordinary upgraded duplex with separate yards in West Palm Beach. Ideal for rental investors or AirBnB enthusiasts, it offers modern finishes and convenience. Both building have NEW roofs , everything has been renovated top to bottom. Both units have NEW electrical , NEW appliances , and NEW sod is being laid . The interiors boast elegance and functionality with open layouts and ample light. Each unit has private yards for outdoor living. You cant find a better location in West Palm beach 10 minutes from Downtown and 1.5 miles from the beach . centrally located to shopping , restaurants , and entertainment. With its prime location, aesthetics, and amenities, it appeals to residents, vacationers, and business travelers.

Last Agent to Sell the Property

Benjamin Bondarevsky

LPT Realty, LLC License #3437260 Listed on: 05/26/2023

LPT Realty, LLC

Last Buyer's Agent

Andrew Freedman

LPT Realty, LLC License #3522259

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,492

Year Built

  • Built in 1948

Lot Details

  • 6,490 Sq Ft Lot
  • Fenced
  • Sprinkler System

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,359 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Outdoor Features

  • Above Ground Pool
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434409040004140

Community Details

Overview

  • 2 Units
  • Hillside Park Subdivision

Building Details

  • Operating Expense $3,120
  • Net Operating Income $44,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,492

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1948
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1359.0

Exterior Features

  • Exterior Features: Fence, Patio
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Above Ground, Pool
  • Waterfront: No
  • Construction Type: Brick, Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Wall Furnace
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434409040004140
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 6490.0
  • Zoning Description: SF7(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 44880.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 3120.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3492.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Sep 14, 2023
Sold by
Lucas Chelsea Ann and Lucas Luis Manuel
Bought by
Retureta John A
Seller's Agent
Benjamin Bondarevsky
LPT Realty, LLC
Buyer's Agent
Andrew Freedman
LPT Realty, LLC
List Price
$550,000
Sold Price
$550,000
Views
359
Current Estimated Value
$551,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,939
Avg. Annual Appreciation
0.23%
Original Mortgage
$540,038
Outstanding Balance
$531,001
Interest Rate
6.9%
Mortgage Type
FHA
Estimated Equity
$21,369

Purchase Details

Listed on
Dec 8, 2018
Closed on
Jan 25, 2019
Sold by
Morales Eusebio H and Morales Gricel H
Bought by
Lucas Chelsea Ann and Jimenez Luis Manuel
Seller's Agent
Geri Auerbach
Home Sellers Market Inc.
Buyer's Agent
Ly-Paula McCormack
Compass Florida LLC
List Price
$249,000
Sold Price
$210,000
Premium/Discount to List
-$39,000
-15.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.06%
Original Mortgage
$206,196
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 21, 2010
Sold by
Morales Gricel H
Bought by
Morales Eusebio and Morales Gricel H

Purchase Details

Closed on
Nov 21, 2003
Sold by
Ramirez Luis R and Ramirez Luis H
Bought by
Morales Gricel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2002
Sold by
Nation Trust Llc
Bought by
Ramirez Luis R and Ramirez Luis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,650
Interest Rate
6.98%

Purchase Details

Closed on
Apr 15, 2002
Sold by
Bennett William J and Koopman Edwana
Bought by
Nation Trust Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,650
Interest Rate
6.98%

Purchase Details

Closed on
Jan 9, 2002
Sold by
Bennett William J
Bought by
Watson Kenny

Purchase Details

Closed on
Apr 18, 2000
Sold by
Burrows William W and Burrows Yolanda A
Bought by
Bennett William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
8.29%
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
Retureta John A $550,000 Investors Title Insurance
Lucas Chelsea Ann $210,000 Trident Title A Division Of
Morales Eusebio -- None Available
Morales Gricel $150,000 --
Ramirez Luis R $92,900 Tropical Land Title Ins Agen
Nation Trust Llc $65,118 --
Watson Kenny -- --
Bennett William J $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Retureta John A $540,038
Previous Owner Lucas Chelsea A $250,000
Previous Owner Lucas Chelsea Ann $206,196
Previous Owner Morales Gricel $135,000
Previous Owner Ramirez Luis R $69,650
Previous Owner Bennett William J $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold $550,000 0.0% $405 / Sq Ft
08/16/2023 08/16/23 For Sale $550,000 0.0% $405 / Sq Ft
08/15/2023 08/15/23 Off Market $550,000 -- --
08/11/2023 08/11/23 Price Changed $550,000 -6.0% $405 / Sq Ft
07/25/2023 07/25/23 Price Changed $585,000 -1.7% $430 / Sq Ft
07/07/2023 07/07/23 Price Changed $595,000 -4.0% $438 / Sq Ft
06/14/2023 06/14/23 Price Changed $620,000 -0.8% $456 / Sq Ft
05/26/2023 05/26/23 For Sale $625,000 +197.6% $460 / Sq Ft
01/25/2019 01/25/19 Sold $210,000 -15.7% $187 / Sq Ft
12/26/2018 12/26/18 Pending -- -- --
12/08/2018 12/08/18 For Sale $249,000 -- $221 / 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 $7,144 $367,080 -- --
2023 $3,548 $190,534 $0 $0
2022 $3,492 $184,984 $0 $0
2021 $3,464 $179,596 $0 $0
2020 $3,436 $177,116 $76,950 $100,166
2019 $3,101 $160,016 $59,850 $100,166
2018 $2,756 $156,992 $54,423 $102,569
2017 $2,344 $116,105 $43,538 $72,567
2016 $2,195 $74,137 $0 $0
2015 $2,093 $67,397 $0 $0
2014 $1,918 $61,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Benjamin Bondarevsky

    LPT Realty, LLC

    (561) 735-3000

    1 in this area

    38 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Andrew Freedman

    LPT Realty, LLC

    (561) 573-9136

    1 in this area

    10 Total Sales

    Section Image

  • G

    Seller's Agent in 2019

    Geri Auerbach

    Home Sellers Market Inc.

    40 Total Sales

    Section Image

  • L

    Buyer's Agent in 2019

    Ly-Paula McCormack

    Compass Florida LLC

    (561) 757-0090

    1 in this area

    27 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10892706

BeachesMLS

APN: 74-43-44-09-04-000-4140

Florida Palm Beach County West Palm Beach 33405 Dreher Park

735 Franklin Rd, West Palm Beach, FL

This home is located at 735 Franklin Rd, West Palm Beach, FL 33405 since 26 May 2023 and is currently estimated at $551,939, approximately $406 per square foot. This property was built in 1948. 735 Franklin Rd 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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