NOT LISTED FOR SALE

Estimated Value: $545,773 - $639,000

4 Beds
4 Baths
2,081 Sq Ft
$276/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $425,000 $204 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,847/month

72 Days on Market

Highlights

  • Water Views
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Jalousie or louvered window
  • Terrazzo Flooring
  • No Heating

About This Home

As of May 2021

GREAT EAST END OPPORTUNITY TO OWN A SMALL ENCLAVE OF 4 UNITS (2 DUPLEXES). OFF STREET PARKING IN FRONT AND BACK (ONE CARPORT), FRONT BUILDING HAS CLASSIC TERRAZZO FLOORS AND ORIGINAL RETRO 50s TILES IN BATHS. 4 ONE BEDROOM UNITS. WITH 4 ELECTRIC METERS, THREE HOT WATER HEATERS. CBS CONSTRUCTION. FULLY RENTED, ON SITE LAUNDRY ROOM, OPERATIONAL TODAY! THIS ONE CAN BE TURNKEY OR BRING YOUR IDEAS FOR MODERN UPDATES, POSSIBLE AIR BNB? CBS CONSTRUCTION BUILT IN 1953 & 1957. EASY ACCESS TO DIXIE HIGHWAY AND I-95, DOWNTOWN LAKE WORTH, BEACHES AND MORE. DO NOT DISTURB TENANTS PRIVACY! DRIVE BY TODAY. CURRENT RENTS INCL ELECTRIC, GAS & WATER. OPPORTUNITY TO INCREASE RENTAL INCOME.

Last Agent to Sell the Property

Randy Bianchi

Paradise Properties of FL License #635719 Listed on: 02/12/2021

Last Buyer's Agent

Avraham Dagan

Landrich Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,474

Year Built

  • Built in 1953

Lot Details

  • 6,752 Sq Ft Lot

Property Views

  • Water
  • Garden

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,081 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Jalousie or louvered window

Flooring

  • Terrazzo
  • Ceramic Tile

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 38434421152780100

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $22,783
  • Net Operating Income $21,317

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,474

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Dixie hwy to 10th ave North, east on 10th to J, South on J st to property located on west side.
  • Year Built: 1953
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Other, Terrazzo
  • Living Area: 2081.0
  • Window Features: Jalousie

Exterior Features

  • View: Garden, 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, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Parcel #: 38434421152780100
  • Lot Size Sq Ft: 6752.0
  • Zoning Description: SF-TF-
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 21317.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 22783.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3474.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
May 21, 2021
Sold by
Schwandt Harry R and Schwandt Laura M
Bought by
Wolfson Jonah Michael and Wolfson Andrea
Seller's Agent
Randy Bianchi
Paradise Properties of FL
Buyer's Agent
Avraham Dagan
Landrich Real Estate, Inc.
List Price
$424,900
Sold Price
$425,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$574,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,193
Avg. Annual Appreciation
7.09%
Original Mortgage
$318,750
Outstanding Balance
$287,959
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$286,234

Purchase Details

Closed on
Mar 11, 2010
Sold by
Webb Denise L
Bought by
Schwandt Harry R and Schwandt Laura M

Purchase Details

Closed on
Sep 26, 1994
Sold by
Webb Earl R and Webb Denise L
Bought by
Webb Earl R
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
Wolfson Jonah Michael $425,000 First International Ttl Inc
Wolfson Jonah Michael $425,000 First International Title
Schwandt Harry R $105,500 First American Title Ins Co
Webb Earl R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfson Jonah Michael $318,750
Closed Wolfson Jonah Michael $318,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $425,000 0.0% $204 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $424,900 -- $204 / 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 $9,640 $345,928 -- --
2023 $10,345 $385,423 $195,766 $189,657
2022 $9,721 $354,013 $0 $0
2021 $5,699 $232,031 $98,258 $133,773
2020 $6,156 $324,052 $176,800 $147,252
2019 $5,543 $263,439 $114,400 $149,039
2018 $4,977 $229,270 $105,575 $123,695
2017 $4,621 $191,910 $100,548 $91,362
2016 $2,610 $91,225 $0 $0
2015 $4,039 $82,932 $0 $0
2014 $3,585 $75,393 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10692071

BeachesMLS

APN: 38-43-44-21-15-278-0100