SOLD MAR 10, 2025
RENTED MAY 27, 2025
8719 40th Terrace N Palm Beach Gardens, FL 33410
--
Bed
--
Bath
1,930
Sq Ft
0.44
Acres
Highlights
- Water Views
- Porch
- Shed
- Room in yard for a pool
- Open Patio
- Tile Flooring
About This Home
As of March 2025Welcome to this completely remodeled duplex nestled on a spacious 0.44-acre lot in the heart of Palm Beach Gardens. This stunning property offers a fantastic opportunity for both investors and owner-occupants, featuring two fully renovated 2-bedroom, 1-bathroom units with modern upgrades throughout. Recently updated in 2022, the home boasts a new metal roof, a fully remodeled interior, and brand-new windows, ensuring durability and energy efficiency. One unit is currently rented at $2,200/month, well below the market rate of $2,400 per unit, presenting the potential for an impressive 8% return. The second unit is vacant, making it perfect for an owner looking to live in one unit while renting the other or for an investor seeking a high-performing rental property. As you arrive, you'll be
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,636
Year Built
- Built in 1969
Lot Details
- 0.44 Acre Lot
- Fenced
- Sprinkler System
Home Design
- Duplex
- Metal Roof
Interior Spaces
- 1,930 Sq Ft Home
- 1-Story Property
- Blinds
- Tile Flooring
- Water Views
Outdoor Features
- Room in yard for a pool
- Open Patio
- Shed
- Porch
Schools
- Grove Park Elementary School
- John F. Kennedy Middle School
- Palm Beach Gardens High School
Utilities
- Central Heating and Cooling System
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 52424224000001700
- Seller Considering Concessions
Community Details
Overview
- 2 Units
- Palm Beach Gardens Subdivision
Building Details
- Operating Expense $14,696
- Net Operating Income $42,904
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 4, 2025
Closed on
Mar 10, 2025
Sold by
Clarks Real Estate Llc
Bought by
Ong Ban Hoanh and Nguyen Truc Thi
Seller's Agent
Brett Colby
Re/Max Direct
Buyer's Agent
Andres Londono
Safebound Realty LLC
List Price
$550,000
Sold Price
$545,000
Premium/Discount to List
-$5,000
-0.91%
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$844
Avg. Annual Appreciation
0.46%
Purchase Details
Closed on
May 18, 2022
Sold by
Beville Jr William E
Bought by
Clarks Real Estate Llc
Purchase Details
Closed on
Dec 17, 2019
Sold by
Beville William E
Bought by
Beville William E and Beville Robert A
Purchase Details
Closed on
Apr 10, 1995
Sold by
Beville William E and Beville Doris D
Bought by
Beville William E
Similar Homes in Palm Beach Gardens, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $545,000 | Florida Direct Title | |
| Warranty Deed | $545,000 | Florida Direct Title | |
| Warranty Deed | $365,000 | Independence Title Insurance A | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Rented | $2,200 | 0.0% | -- |
| 04/05/2025 04/05/25 | Under Contract | -- | -- | -- |
| 03/11/2025 03/11/25 | For Rent | $2,200 | 0.0% | -- |
| 03/10/2025 03/10/25 | Sold | $545,000 | -0.9% | $282 / Sq Ft |
| 02/07/2025 02/07/25 | Pending | -- | -- | -- |
| 02/04/2025 02/04/25 | For Sale | $550,000 | -- | $285 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $7,636 | $302,608 | -- | -- |
| 2023 | $8,097 | $324,148 | $125,400 | $198,748 |
| 2022 | $5,803 | $163,833 | $0 | $0 |
| 2021 | $5,353 | $185,123 | $64,400 | $120,723 |
| 2020 | $5,102 | $169,633 | $61,600 | $108,033 |
| 2019 | $4,927 | $161,280 | $56,000 | $105,280 |
| 2018 | $4,559 | $139,817 | $55,440 | $84,377 |
| 2017 | $4,439 | $134,777 | $50,400 | $84,377 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Colby
B
Seller's Agent in 2025
Brett Colby
RE/MAX
(561) 903-4200
161 Total Sales
-
Andres Londono
A
Seller's Agent in 2025
Andres Londono
Safebound Realty LLC
(561) 584-2780
31 Total Sales
Map
Source: BeachesMLS
MLS Number: R11058894
APN: 52-42-42-24-00-000-1700
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