NOT LISTED FOR SALE

7871 Terrace Rd Lantana, FL 33462

Estimated Value: $334,386 - $420,000

2 Beds
2 Baths
944 Sq Ft
$400/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $360,000 $381 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,717/month

79 Days on Market

Highlights

  • Fruit Trees
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Room in yard for a pool
  • Ceramic Tile Flooring

About This Home

As of October 2023

DOUBLE LOT!!!! Attention investors and developers, this is the deal of the year. 0.3 miles to intracoastal. Existing duplex, recent work done including interior/exterior paint and new appliances. This duplex is situated on a double lot! Cash flow immediately with two units ready to rent with the potential for the development of additional unit(s) or even the possibility of subdividing. Great Airbnb potential or live in one side and rent the other! This will not last long, submit your offers ASAP!

Last Agent to Sell the Property

Kristen Castano

Realty ONE Group Innovation License #3100178 Listed on: 06/02/2023

Realty ONE Group Innovation

Last Buyer's Agent

Brittany Williams

United Realty Group Inc License #3387200

United Realty Group Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,846

Year Built

  • Built in 1955

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100x100
  • Fruit Trees

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 944 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Pool

  • Room in yard for a pool

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Septic Tank

Community Details

  • 2 Units
  • Tropical Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00434510070000870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,846

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Gateway East off of I95, N on Federal
  • Year Built: 1955
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 944.0

Exterior Features

  • Exterior Features: Fruit Trees, Room For Pool
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Other, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 00434510070000870
  • Lot Size: 100X100
  • Lot Size Sq Ft: 10000.0
  • Zoning Description: Multi Fa
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2846.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Oct 13, 2023
Sold by
Action Capital Group Llc
Bought by
Rocha David Duran
Seller's Agent
Kristen Castano
Realty ONE Group Innovation
Buyer's Agent
Brittany Williams
United Realty Group Inc
List Price
$399,900
Sold Price
$360,000
Premium/Discount to List
-$39,900
-9.98%
Views
479
Current Estimated Value
$377,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,347
Avg. Annual Appreciation
2.07%
Original Mortgage
$353,479
Outstanding Balance
$348,182
Interest Rate
7.18%
Mortgage Type
FHA
Estimated Equity
$25,924

Purchase Details

Closed on
Mar 15, 2023
Sold by
Mccabe Martin C
Bought by
Action Capital Group Llc

Purchase Details

Closed on
Feb 4, 2005
Sold by
Conquest Judith M and Newlin Judith
Bought by
Mccabe Martin C
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
Rocha David Duran $360,000 Florida Fidelity Title & Escro
Action Capital Group Llc $240,000 --
Mccabe Martin C $100,000 Universal Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rocha David Duran $353,479
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $360,000 -5.3% $381 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
07/11/2023 07/11/23 Price Changed $380,000 -5.0% $403 / Sq Ft
06/27/2023 06/27/23 For Sale $399,900 0.0% $424 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $399,900 -- $424 / 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 $7,974 $256,161 -- --
2023 $2,993 $71,300 $193,384 $68,140
2022 $2,846 $64,818 $0 $0
2021 $2,307 $166,737 $120,000 $46,737
2020 $1,968 $124,737 $78,000 $46,737
2019 $1,776 $101,074 $52,000 $49,074
2018 $1,569 $85,813 $25,344 $60,469
2017 $1,365 $66,422 $12,672 $53,750
2016 $1,273 $36,587 $0 $0
2015 $1,208 $33,261 $0 $0
2014 $1,056 $30,237 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10894260

BeachesMLS

APN: 00-43-45-10-07-000-0870