NOT LISTED FOR SALE

801 W Lakewood Rd West Palm Beach, FL 33405

Dreher Park Neighborhood

Estimated Value: $893,000 - $2,326,000

12 Beds
6 Baths
4,800 Sq Ft
$297/Sq Ft Est. Value

Last Sold October 04, 2016

Last sale price $685,000 $143 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $9,320/month

122 Days on Market

Highlights

  • 14,929 Sq Ft lot
  • Terrazzo Flooring
  • Central Heating and Cooling System
  • Corner Lot

About This Home

As of October 2016

GREAT INVESTMENT OPPORTUNITY: This property includes three buildings with two 2/1 units in each building, 6 units total, with plenty of parking. All A/C units replaced in 1999-2000. New roof and automatic sprinkler system with pump in 2000. Currently fully rented out with long term tenants. Very good return on investment. YOU DON'T WANT TO MISS THIS OPPORTUNITY!

Last Agent to Sell the Property

Michael Ivancevic

Illustrated Properties License #3236432 Listed on: 05/04/2016

Illustrated Properties

Last Buyer's Agent

Allison Goldstein

Coastal Realty Group Sales & M License #661293

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,012

Year Built

  • Built in 1970

Lot Details

  • 0.34 Acre Lot
  • Corner Lot
  • Sprinkler System

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,800 Sq Ft Home
  • 1-Story Property
  • Terrazzo Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Lakeview Ridge Subdivision

Listing and Financial Details

  • Total Actual Rent $68,400
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 74434404080060580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,012

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Corner of Lakewood and Lake Ave.
  • Year Built: 1970
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Terrazzo
  • Living Area: 4800.0

Exterior Features

  • Lot Features: Corner Lot, Sprinklers Automatic
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434404080060580
  • Lot Size Sq Ft: 14929.0
  • Zoning Description: SF7(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 9012.0

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 68400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2016
Closed on
Oct 4, 2016
Sold by
801 W Lakewood Llc
Bought by
Melkia Properties Llc
Seller's Agent
Michael Ivancevic
Illustrated Properties
Buyer's Agent
Allison Goldstein
Coastal Realty Group Sales & M
List Price
$719,900
Sold Price
$685,000
Premium/Discount to List
-$34,900
-4.85%
Current Estimated Value
$1,424,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$739,773
Avg. Annual Appreciation
8.90%

Purchase Details

Listed on
Oct 11, 2013
Closed on
Nov 19, 2013
Sold by
Malo Edelio and Malo Gloria
Bought by
801 W Lakewood Llc
Seller's Agent
Yolanda Ulibarri
Keller Williams Realty - Welli
Buyer's Agent
Ileana Gomez
Keller Williams Realty - Welli
List Price
$359,000
Sold Price
$348,000
Premium/Discount to List
-$11,000
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.51%

Purchase Details

Closed on
Dec 14, 1999
Sold by
Rodriguez Rita V and Arvesu Antonio R
Bought by
Malo Edelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 1995
Sold by
Arvesu Antonio
Bought by
Arvesu Tr Antonio R
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
Melkia Properties Llc $640,000 None Available
801 W Lakewood Llc $348,000 Universal Land Title Llc
Malo Edelio $250,000 --
Arvesu Tr Antonio R $100 --
Arvesu Antonio $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 801 W Lakewood Llc $280,800
Previous Owner Arvesu Antonio $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2016 10/04/16 Sold $685,000 -4.8% $143 / Sq Ft
09/04/2016 09/04/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $719,900 +106.9% $150 / Sq Ft
11/19/2013 11/19/13 Sold $348,000 -3.1% $73 / Sq Ft
10/20/2013 10/20/13 Pending -- -- --
10/11/2013 10/11/13 For Sale $359,000 -- $75 / 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 $18,223 $791,270 -- --
2023 $17,093 $719,336 $265,050 $617,641
2022 $16,020 $653,942 $0 $0
2021 $14,900 $710,256 $253,935 $456,321
2020 $13,777 $645,043 $207,765 $437,278
2019 $12,678 $574,273 $161,595 $412,678
2018 $10,750 $476,792 $155,886 $320,906
2017 $9,650 $406,046 $97,429 $308,617
2016 $9,497 $387,419 $0 $0
2015 $9,012 $352,199 $0 $0
2014 $8,201 $320,181 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Ivancevic

    Seller's Agent in 2016

    Michael Ivancevic

    Illustrated Properties

    (561) 469-0909

    84 Total Sales

    Section Image

  • A

    Buyer's Agent in 2016

    Allison Goldstein

    Coastal Realty Group Sales & M

    (561) 758-9835

    53 Total Sales

    Section Image
  • Yolanda Ulibarri

    Seller's Agent in 2013

    Yolanda Ulibarri

    Keller Williams Realty - Welli

    (561) 309-5121

    90 Total Sales

    Section Image
  • Ileana Gomez

    Seller Co-Listing Agent in 2013

    Ileana Gomez

    Keller Williams Realty - Welli

    (561) 234-0253

    32 Total Sales

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Map

Source: BeachesMLS

MLS Number: R10231712

BeachesMLS

APN: 74-43-44-04-08-006-0580

Florida Palm Beach County West Palm Beach 33405 Dreher Park

801 W Lakewood Rd, West Palm Beach, FL

This home is located at 801 W Lakewood Rd, West Palm Beach, FL 33405 since 04 May 2016 and is currently estimated at $1,424,773, approximately $296 per square foot. This property was built in 1970. 801 W Lakewood 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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