NOT LISTED FOR SALE

748 Dr Martin Luther King jr Blvd West Palm Beach, FL 33404

Estimated Value: $447,000 - $526,000

4 Beds
2 Baths
1,925 Sq Ft
$254/Sq Ft Est. Value

Last Sold July 30, 2024

Last sale price $500,000 $260 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,846/month

45 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • William T. Dwyer High School Rated A-
  • Central Heating and Cooling System

About This Home

As of July 2024

VACANT*INCOME PROPERTY $48K++ A YEAR*4 BED/4 FULL BATH DUPLEX CLOSE TO DOWNTOWN WEST PALM BEACH*ALMOST 2,000 SQFT*PRIVATE CONCRETE PARKING LOT FOR UNITS*FULLY FENCED*RENOVATED*NEW ROOF*UPDATED HVAC*2 UNITS*EACH UNIT FEATURES 2 BEDROOMS & 2 FULL BATHROOMS, OPEN KITCHEN WITH LARGE LIVING ROOM*RENTS ARE STRONG IN THE AREA*ABILITY TO INCREASE WITH AREA RENTS AT $2000 TO $2,200*SURROUNDING COUNTY IMPROVEMENTS OF ROADS & SIDEWALKS*SEPARATELY METERED*NO HOA*CLOSE TO INTERCOASTAL & THE BEACH*CLOSE TO BRIGHT/AMTRAK TRAIN STATION & BUS ROUTES*MULTIFAMILY NEXT DOOR SOLD AT $630K WITH SIMILAR SQUARE FOOTAGE*BROKER/OWNER*2 DAY EMD*6 DAY INSPECTION*30 DAY CLOSE*PROOF OF FUNDS

Last Agent to Sell the Property

Amy Stanley

Investy Realty, LLC. License #3430835 Listed on: 03/21/2024

Last Buyer's Agent

Sharon Edwards

The Real Estate Treasury LLC License #3162386

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,413

Year Built

  • Built in 1982

Lot Details

  • 6,229

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,925 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Inlet City Condos
  • Inlet City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 56434232010210220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,413

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1982
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Directions: AT THE END OF THE SERVICE ROAD, GATED PRIVATE ENTRANCE DRIVEWAY
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: INLET CITY
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 1925
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: INLET CITY
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 56434232010210220
  • Zoning: CG (city
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3413

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Jul 29, 2024
Sold by
Stanley Amy
Bought by
Lbcfl Investments Llc and Lbc Investments Llc
Seller's Agent
Amy Stanley
Investy Realty, LLC.
Buyer's Agent
Sharon Edwards
The Real Estate Treasury LLC
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Views
68
Current Estimated Value
$488,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,253
Avg. Annual Appreciation
-1.86%
Original Mortgage
$400,000
Outstanding Balance
$395,543
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$93,204

Purchase Details

Closed on
Dec 29, 2022
Sold by
Bakst Michael R
Bought by
Stanley Amy

Purchase Details

Closed on
Jul 12, 2022
Sold by
Basa Investments Llc
Bought by
Banegas Astrid Carolina

Purchase Details

Closed on
Apr 12, 2017
Sold by
Not Provided
Bought by
Basa Investments Llc

Purchase Details

Closed on
May 10, 1995
Sold by
Roberts Cynthia
Bought by
Roberts Herman
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
Lbcfl Investments Llc $500,000 Allied Title & Escrow Services
Stanley Amy $222,610 --
Banegas Astrid Carolina -- None Listed On Document
Basa Investments Llc $80,100 None Available
Roberts Herman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lbcfl Investments Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2024 07/30/24 Sold $500,000 -4.8% $260 / Sq Ft
06/19/2024 06/19/24 For Sale $525,000 0.0% $273 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
05/01/2024 05/01/24 Price Changed $525,000 +6.1% $273 / Sq Ft
03/21/2024 03/21/24 For Sale $495,000 -- $257 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $3,398 $154,515 -- --
2023 $3,413 $154,522 $80,000 $74,522
2022 $2,141 $90,474 $0 $0
2021 $1,994 $83,812 $32,395 $51,417
2020 $1,831 $74,772 $32,395 $42,377
2019 $1,819 $73,228 $30,844 $42,384
2018 $1,659 $67,685 $29,975 $37,710
2017 $1,504 $68,747 $31,030 $37,717
2016 $1,393 $50,603 $0 $0
2015 $1,318 $46,003 $0 $0
2014 $1,238 $41,821 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Stanley

    Seller's Agent in 2024

    Amy Stanley

    Investy Realty, LLC.

    (305) 204-6279

    1 in this area

    25 Total Sales

    Amy Stanley
    Section Image

  • S

    Buyer's Agent in 2024

    Sharon Edwards

    The Real Estate Treasury LLC

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11554881

MIAMI REALTORS® MLS

APN: 56-43-42-32-01-021-0220

Florida Palm Beach County West Palm Beach 33404

748 Dr Martin Luther King jr Blvd, West Palm Beach, FL

This home is located at 748 Dr Martin Luther King jr Blvd, West Palm Beach, FL 33404 since 21 March 2024 and is currently estimated at $488,747, approximately $253 per square foot. This property was built in 1982. 748 Dr Martin Luther King jr Blvd is a home located in Palm Beach County with nearby schools including Lincoln Elementary School, William T. Dwyer High School, and Howell L. Watkins Middle 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.

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