NOT LISTED FOR SALE

815 2nd St Unit 1-4 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $377,478 - $858,000

-- Bed
4 Baths
2,492 Sq Ft
$221/Sq Ft Est. Value

Last Sold September 28, 2016

Last sale price $191,978 $77 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $3,506/month

62 Days on Market

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Porch
  • Open Patio
  • 1-minute walk to Alice Mickens Park

About This Home

As of September 2016

Great investor opportunity in Historic Progressive North WPB. Four, two bedroom, one bath units each separately metered for water and power in a quiet, courtyard setting. New plumbing, electrical and sewer lines (fall 2014). Located within blocks of City Place, Kravitz Center and downtown West Palm Beach. Excellent rental history, units rarely vacant. Project rents for neighborhood range from $700-$725 per month. Adjacent parcels identical in unit mix also for sale for a total of 12 units. Nice starter or addition to portfolio. Rare opportunity to pick up 12 units together in 3 quadriplexes! Double digit cap rates. All highest and best offers, subject to interior inspection due on or before 5 pm 8/8/16 and will be responded to on 8/9. Do not disturb tenants, please. Review all MLS docs.

Last Agent to Sell the Property

Kevin Kent

KW Reserve License #504641 Listed on: 06/27/2016

KW Reserve

Last Buyer's Agent

Janet Stewart

Apex Residential & Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,015

Year Built

  • Built in 1960

Lot Details

  • 0.28 Acre Lot

Home Design

  • Built-Up Roof

Interior Spaces

  • 2,492 Sq Ft Home
  • 1-Story Property
  • Garden Views

Flooring

  • Carpet
  • Ceramic Tile

Outdoor Features

  • Open Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Total Actual Rent $19,080
  • Rent includes electricity, sewer, water
  • Assessor Parcel Number 74434321060330110

Community Details

Overview

  • 4 Units
  • Clows Subdivision

Building Details

  • Operating Expense $5,010
  • Net Operating Income $14,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,015

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Okeechobee Blvd east, turn north (left) on Tamarind (at Kravis Center), pass historic train station, thru light at Banyan, first right (east) on 2nd St, properties on north side (left) in first block.
  • Year Built: 1960
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2492.0

Exterior Features

  • Exterior Features: Porch
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale
  • Roof: Built-Up

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 74434321060330110
  • Lot Size Sq Ft: 12000.0
  • Zoning Description: NWD-2
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 14070.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 5010.0
  • Total Actual Rent: 19080.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3015.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2016
Closed on
Sep 21, 2016
Sold by
Dillon Michael A
Bought by
Lewis Tyler
Seller's Agent
Kevin Kent
KW Reserve
Buyer's Agent
Janet Stewart
Apex Residential & Commercial
List Price
$195,000
Sold Price
$191,978
Premium/Discount to List
-$3,022
-1.55%
Total Days on Market
62
Current Estimated Value
$550,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,392
Avg. Annual Appreciation
9.42%
Original Mortgage
$133,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 27, 2016
Closed on
Sep 1, 2016
Bought by
Lewis Tyler
Seller's Agent
Kevin Kent
KW Reserve
Buyer's Agent
Janet Stewart
Apex Residential & Commercial
List Price
$195,000
Sold Price
$191,978
Premium/Discount to List
-$3,022
-1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2011
Sold by
South Florida Realty Management & Invest
Bought by
Dillon Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
4.24%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Lewis Tyler $191,978 Benchmark Title & Escrow Llc
Lewis Tyler $192,000 --
Dillon Michael A $95,000 Trident Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Tyler $364,000
Closed Kewis Tyler $133,000
Closed Lewis Tyler $133,000
Previous Owner Dillon Michael A $71,250
Previous Owner Crump Arthur J $425,000
Previous Owner Crump Arthur J $286,000
Previous Owner Crump Arthur J $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2016 09/28/16 Sold $191,978 -1.5% $77 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
06/27/2016 06/27/16 For Sale $195,000 -- $78 / 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 $7,016 $232,925 -- --
2023 $5,958 $211,750 $96,100 $236,935
2022 $5,367 $192,500 $0 $0
2021 $4,907 $221,162 $30,000 $191,162
2020 $4,543 $197,283 $27,000 $170,283
2019 $3,999 $144,628 $23,000 $121,628
2018 $4,155 $169,790 $21,252 $148,538
2017 $3,733 $147,685 $19,320 $128,365
2016 $2,923 $103,378 $0 $0
2015 $3,015 $93,980 $0 $0
2014 $2,657 $85,436 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kevin Kent

    KW Reserve

    (561) 385-0807

    97 Total Sales

    Kevin Kent
    Section Image

  • J

    Buyer's Agent in 2016

    Janet Stewart

    Apex Residential & Commercial

  • J

    Buyer's Agent in 2016

    Janet Stewart

    Apex Residential & Commercial

    (561) 432-6642

    11 Total Sales

    Janet Stewart
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10246544

BeachesMLS

APN: 74-43-43-21-06-033-0110

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

815 2nd St Unit 1-4, West Palm Beach, FL

This home is located at 815 2nd St Unit 1-4, West Palm Beach, FL 33401 since 27 June 2016 and is currently estimated at $550,370, approximately $220 per square foot. This property was built in 1960. 815 2nd St Unit 1-4 is a home located in Palm Beach County with nearby schools including Roosevelt 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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