NOT LISTED FOR SALE

Estimated Value: $508,000 - $679,000

8 Beds
4 Baths
2,650 Sq Ft
$226/Sq Ft Est. Value

Last Sold May 15, 2017

Last sale price $300,000 $113 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,200/month

27 Days on Market

Highlights

  • Water Views
  • Plantation Shutters
  • Terrazzo Flooring
  • Jalousie or louvered window
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan

About This Home

As of May 2017

Well-kept 4 plex, newer roof and windows. Each unit 2/2 Off street parking, good proximity to highway, shopping, churches and schools. Good investment opportunity, fully rented with long term tenants. Please drive by first- do not disturb tenants.

Last Agent to Sell the Property

Linda Brennan

Keller Williams Realty - Welli License #3113022 Listed on: 03/18/2017

Keller Williams Realty - Welli

Last Buyer's Agent

Newmon Mathai

Sobri Realty Group LLC License #3238158

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,659

Year Built

  • Built in 1958

Lot Details

  • 9,800 Sq Ft Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2,650 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Jalousie or louvered window
  • Plantation Shutters
  • Single Hung Metal Windows
  • Blinds
  • Terrazzo Flooring
  • Water Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Total Actual Rent $39,600
  • Rent includes electricity, gas
  • Assessor Parcel Number 38434421152390010

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $12,072
  • Net Operating Income $27,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,659

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: 6th Ave S to A street, S to 9th Ave, corner property.
  • Year Built: 1958
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Terrazzo
  • Living Area: 2650.0
  • Window Features: Blinds, Jalousie, Metal, Plantation Shutters, Single Hung

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: Composition

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 38434421152390010
  • Lot Size Sq Ft: 9800.0
  • Zoning Description: SF-7(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 27528.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 12072.0
  • Total Actual Rent: 39600.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4659.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2017
Closed on
May 12, 2017
Sold by
Jc Investments And Homes
Bought by
Brody Llc
Seller's Agent
Linda Brennan
Keller Williams Realty - Welli
Buyer's Agent
Newmon Mathai
Sobri Realty Group LLC
List Price
$260,000
Sold Price
$300,000
Premium/Discount to List
$40,000
15.38%
Current Estimated Value
$598,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,366
Avg. Annual Appreciation
9.38%

Purchase Details

Closed on
Mar 4, 2016
Sold by
Negyessy Helen M and Negyessy Arpad A
Bought by
Jc Investments & Homes Limited Liability

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2013
Sold by
New Wave Properties Llc
Bought by
Negyessy Helen M and Negyessy Arpad A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2010
Sold by
Wilmington Trust Company
Bought by
New Wave Properties Llc

Purchase Details

Closed on
Apr 27, 2010
Sold by
Baldeo Ronald
Bought by
Wilmington Trust Company

Purchase Details

Closed on
Oct 20, 2005
Sold by
Marshall Laubjerg Avis and Janok Ether
Bought by
Baldeo Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,200
Interest Rate
5.71%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 30, 2003
Sold by
Marshall Laubjerg Avis
Bought by
Marshall Laubjerg Avis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2003
Sold by
Perez Leon Manuel and Perez Sara J
Bought by
Marshall Laubjerg Avis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 1994
Sold by
Wilkerson William Terrance and Wilkerson Debra L
Bought by
Leon Manuel Perez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
8.53%
Mortgage Type
Purchase Money Mortgage
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
Brody Llc $300,000 First American Title Ins Co
Jc Investments & Homes Limited Liability $170,000 First American Title Insuran
Negyessy Helen M $140,000 Attorney
New Wave Properties Llc $80,100 Southern Fincl Title Svcs
Wilmington Trust Company $25,100 Attorney
Baldeo Ronald $362,000 --
Marshall Laubjerg Avis -- --
Marshall Laubjerg Avis $225,000 --
Leon Manuel Perez $55,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jc Investments & Homes Limited Liability $110,500
Previous Owner Negyessy Helen M $93,000
Previous Owner Baldeo Ronald $36,200
Previous Owner Baldeo Ronald $289,600
Previous Owner Marshall Laubjerg Avis $157,500
Previous Owner Leon Manuel Perez $9,000
Closed Marshall Laubjerg Avis $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2017 05/15/17 Sold $300,000 +15.4% $113 / Sq Ft
04/15/2017 04/15/17 Pending -- -- --
03/18/2017 03/18/17 For Sale $260,000 -- $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 $11,349 $416,776 -- --
2023 $10,618 $378,887 $0 $0
2022 $9,694 $344,443 $0 $0
2021 $9,368 $366,328 $138,000 $228,328
2020 $8,725 $333,842 $138,000 $195,842
2019 $7,999 $287,842 $92,000 $195,842
2018 $7,099 $235,259 $91,728 $143,531
2017 $5,985 $186,032 $65,520 $120,512
2016 $4,659 $107,373 $0 $0
2015 $4,053 $97,612 $0 $0
2014 $3,788 $88,738 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10317753

BeachesMLS

APN: 38-43-44-21-15-239-0010