NOT LISTED FOR SALE

Riviera Beach, FL 33404

Park Manor Neighborhood

Estimated Value: $490,000 - $683,000

7 Beds
4 Baths
2,368 Sq Ft
$250/Sq Ft Est. Value

Last Sold May 28, 2024

Last sale price $650,000 $274 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,701/month

67 Days on Market

Highlights

  • Fruit Trees
  • Open Patio
  • Fenced
  • Porch
  • Central Heating and Cooling System
  • Carpet

About This Home

As of May 2024

3/2 single family house and a triplex (all 1/1s) for a total of 4 income-producing units. Fully occupied with in-place rents grossing $5,682/mo and proven market rents at $6,612/mo.7.7% cap rate based on in-place rents and expenses.

Last Agent to Sell the Property

Jesse Bailey

49 Units, LLC License #3227469 Listed on: 03/21/2024

Last Buyer's Agent

Stephanie Stewart

Coldwell Banker Realty License #3500056

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,450

Year Built

  • Built in 1962

Lot Details

  • 0.32 Acre Lot
  • Fenced
  • Fruit Trees

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,368 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 56434228000003020

Community Details

Overview

  • 4 Units
  • 28 42 43, E 100 Ft Of W 9 Subdivision

Building Details

  • Operating Expense $15,436
  • Net Operating Income $52,748

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,450

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1962
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 2368.0

Exterior Features

  • Exterior Features: Fence, Fruit Trees, Porch
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 56434228000003020
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 14000.0
  • Zoning Description: RS-6(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 52748.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 15436.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5450.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 28, 2024
Sold by
Pollack John H
Bought by
Wong Simon Chi-Hin
Seller's Agent
Jesse Bailey
49 Units, LLC
Buyer's Agent
Stephanie Stewart
Coldwell Banker Realty
List Price
$685,000
Sold Price
$650,000
Premium/Discount to List
-$35,000
-5.11%
Views
18
Current Estimated Value
$591,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,649
Avg. Annual Appreciation
-0.87%
Original Mortgage
$487,500
Outstanding Balance
$481,875
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$161,060

Purchase Details

Closed on
Dec 13, 1995
Sold by
Pollack John H and Pollack Jeanne K
Bought by
Pollack John H
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
Wong Simon Chi-Hin $654,856 All Florida Land Title
Pollack John H $15,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Simon Chi-Hin $487,500
Previous Owner Pollack John H $100,000
Previous Owner Pollack John H $252,000
Previous Owner Pollack John H $70,000
Previous Owner Pollack John R $147,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2024 05/28/24 Sold $650,000 -5.1% $274 / Sq Ft
03/21/2024 03/21/24 For Sale $685,000 -- $289 / 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 $5,748 $197,364 -- --
2023 $5,450 $179,422 $164,400 $221,387
2022 $4,946 $163,111 $0 $0
2021 $4,228 $239,738 $71,400 $168,338
2020 $3,902 $217,547 $57,600 $159,947
2019 $3,560 $188,567 $50,400 $138,167
2018 $3,147 $167,461 $47,499 $119,962
2017 $2,919 $150,454 $38,306 $112,148
2016 $2,639 $92,072 $0 $0
2015 $2,416 $83,702 $0 $0
2014 $2,237 $76,093 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jesse Bailey

    Seller's Agent in 2024

    Jesse Bailey

    49 Units, LLC

    (561) 318-3337

    11 in this area

    31 Total Sales

    Jesse Bailey
    Section Image
  • Stephanie Stewart

    Buyer's Agent in 2024

    Stephanie Stewart

    Coldwell Banker Realty

    (954) 298-8497

    1 in this area

    24 Total Sales

    Stephanie Stewart
    Section Image
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Source: BeachesMLS

MLS Number: R10970974

BeachesMLS

APN: 56-43-42-28-00-000-3020

Florida Palm Beach County Riviera Beach 33404

Park Manor

This home since 21 March 2024 and is currently estimated at $591,351, approximately $249 per square foot. This property was built in 1962. This home is a home located in Palm Beach County with nearby schools including Lincoln Elementary School, John F. Kennedy Middle School, and Palm Beach Gardens 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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