NOT LISTED FOR SALE

Estimated Value: $490,000 - $620,000

6 Beds
3 Baths
2,376 Sq Ft
$234/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $425,000 $179 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,732/month

79 Days on Market

About This Home

As of March 2023

Excellent investment opportunity in a non-HOA community. This triplex is ready for the buyer to come in and make it exactly how they want! Brand new tile floors were installed. Great income potential. Minutes to downtown West Palm Beach - dining, shopping, and entertainment including the world renowned Kravis theater. Beautiful Florida beaches within a 5 minute drive.

Last Agent to Sell the Property

Jeff Tricoli

KW Reserve Palm Beach License #3082942 Listed on: 01/07/2023

KW Reserve Palm Beach

Co-Listed By

Hilda Tricoli

KW Reserve Palm Beach License #3211850

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,052

Year Built

  • Built in 1984

Lot Details

  • 7,405

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,376 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Additional Features

  • 7,405 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434316010140130

Community Details

Overview

  • 3 Units
  • Freshwater Subdivision

Building Details

  • Operating Expense $3,698

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,052

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: 95N to Palm Beach Lakes Blvd (East) to Tamarind Ave (South) to 9th street (East)
  • Year Built: 1984
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2376.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434316010140130
  • Lot Size Sq Ft: 7405.0
  • Zoning Description: NWD-R(
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6052.0

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 3698.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Strategic Capacity Investments Llc
Bought by
Strategic Capacity Investments Llc
Current Estimated Value
$555,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$496,128
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$17,872

Purchase Details

Listed on
Jan 7, 2023
Closed on
Mar 27, 2023
Sold by
Pham Anh Ngoc Thi
Bought by
Strategic Capacity Investments Llc
Seller's Agent
Jeff Tricoli
KW Reserve Palm Beach
List Price
$425,000
Sold Price
$425,000
Views
467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.43%
Original Mortgage
$525,000
Interest Rate
6.32%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 20, 2021
Closed on
Apr 23, 2021
Sold by
New Bethel Msny Baptist Chr Of West Palm
Bought by
Pham Anh Ngoc Thi and Nguyen Truong Hai
Seller's Agent
Moniker Neal
Guardian Investment Group
Buyer's Agent
Moniker Neal
Guardian Investment Group
List Price
$235,000
Sold Price
$237,000
Premium/Discount to List
$2,000
0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.34%

Purchase Details

Closed on
Sep 27, 2000
Sold by
Young Ethel and Small Lucille A
Bought by
New Bethel Missionary Baptist Churc
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
Strategic Capacity Investments Llc -- Abstract One Llc
Strategic Capacity Investments Llc $425,000 First American Title
Pham Anh Ngoc Thi $237,000 First American Title Ins Co
New Bethel Missionary Baptist Churc $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strategic Capacity Investments Llc $500,000
Previous Owner Strategic Capacity Investments Llc $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2023 03/28/23 Sold $425,000 0.0% $179 / Sq Ft
01/07/2023 01/07/23 For Sale $425,000 +79.3% $179 / Sq Ft
04/23/2021 04/23/21 Sold $237,000 +0.9% $100 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $235,000 -- $99 / 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 $7,999 $360,709 -- --
2023 $6,612 $284,484 $65,773 $240,761
2022 $6,052 $258,622 $0 $0
2021 $4,199 $224,545 $50,000 $174,545
2020 $3,698 $174,324 $44,000 $130,324
2019 $3,518 $167,388 $56,000 $111,388
2018 $3,115 $166,959 $43,108 $123,851
2017 $2,838 $151,809 $37,485 $114,324
2016 $2,622 $86,314 $0 $0
2015 $2,569 $78,467 $0 $0
2014 $2,194 $71,334 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10856459

BeachesMLS

APN: 74-43-43-16-01-014-0130