NOT LISTED FOR SALE

Estimated Value: $773,000 - $878,000

8 Beds
4 Baths
3,267 Sq Ft
$258/Sq Ft Est. Value

Last Sold August 16, 2016

Last sale price $285,000 $87 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $6,168/month

128 Days on Market

Highlights

  • Water Views
  • Ceramic Tile Flooring
  • Central Heating and Cooling System

About This Home

As of August 2016

Property with 4 large 2 BR + 1 BA. Large units rented under the price of the market so they stay full all the time.I collect the rent every month and I have no vacancies and no late payments.The listing agent owns the property.

Last Agent to Sell the Property

Eric Salama

Charles Rutenberg Realty FTL License #3275628 Listed on: 03/10/2016

Charles Rutenberg Realty FTL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,761

Year Built

  • Built in 1969

Lot Details

  • 6,750

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 3,267 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Water Views

Additional Features

  • 6,750 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $38,400
  • Rent includes electricity, water
  • Assessor Parcel Number 38434421152510020

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $3,000
  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,761

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Exit 63 on I95.Go East and turn South on H street
  • Year Built: 1969
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3267.0

Exterior Features

  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Tar/Gravel

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 38434421152510020
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: TOD-E
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 28000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 3000.0
  • Total Actual Rent: 38400.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4761.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2016
Closed on
Aug 1, 2016
Bought by
Sejour Ilphode
Seller's Agent
Eric Salama
Charles Rutenberg Realty FTL
List Price
$320,000
Sold Price
$285,000
Premium/Discount to List
-$35,000
-10.94%
Current Estimated Value
$886,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$601,667
Avg. Annual Appreciation
13.18%
Original Mortgage
$285,729
Outstanding Balance
$233,232
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$634,101

Purchase Details

Closed on
Oct 29, 2015
Sold by
The Bank Of New York Mellon
Bought by
Cik Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2014
Sold by
Tehee Thomas M
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Nov 13, 2006
Sold by
Melo Jose
Bought by
Tehee Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2005
Sold by
Bally Rupnarine and Bally Diane
Bought by
Melo Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,800
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 12, 2000
Sold by
Turner George G
Bought by
Bally Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 1999
Sold by
Williams Nancy J
Bought by
Turner George G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,320
Interest Rate
7.76%
Mortgage Type
Commercial
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
Sejour Ilphode $291,000 --
Cik Investments Llc $185,000 Attorney
The Bank Of New York Mellon $170,200 None Available
Tehee Thomas M $445,000 Sunbelt Title Agency
Melo Jose $316,000 --
Bally Diane $160,000 --
Turner George G $140,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sejour Ilphode $53,718
Open Sejour Ilphode $285,729
Previous Owner Cik Investments Llc $129,500
Previous Owner Tehee Thomas M $400,000
Previous Owner Melo Jose $252,800
Previous Owner Bally Rupnarine S $155,250
Previous Owner Turner George G $144,000
Previous Owner Turner George G $112,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2016 08/16/16 Sold $285,000 -10.9% $87 / Sq Ft
07/17/2016 07/17/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $320,000 -- $98 / 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 $15,768 $485,068 -- --
2023 $14,803 $447,087 $0 $0
2022 $13,769 $412,381 $0 $0
2021 $13,475 $395,929 $0 $0
2020 $12,959 $357,372 $138,000 $219,372
2019 $12,067 $311,372 $92,000 $219,372
2018 $11,292 $282,162 $91,728 $190,434
2017 $6,837 $222,835 $65,520 $157,315
2016 $6,611 $215,791 $0 $0
2015 $4,761 $131,459 $0 $0
2014 $3,897 $88,477 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10215443

BeachesMLS

APN: 38-43-44-21-15-251-0020