NOT LISTED FOR SALE

West Palm Beach, FL 33417

Estimated Value: $471,138 - $570,000

-- Bed
2 Baths
1,560 Sq Ft
$337/Sq Ft Est. Value

Last Sold June 27, 2019

Last sale price $267,500 $171 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $3,316/month

105 Days on Market

Highlights

  • Waterfront
  • Canal View
  • Central Heating and Cooling System
  • Canal Access
  • Ceramic Tile Flooring

About This Home

As of June 2019

Phenomenal Investment opportunity in West Palm Beach! New roof, New Septic tank and Accordion Shutters all the way around....7.49% Cap rate, plenty of room to improve the property and increase rents.

Last Agent to Sell the Property

Maria Termotto-Horwitz

Keller Williams Realty/P B License #3266347 Listed on: 02/11/2019

Keller Williams Realty/P B

Last Buyer's Agent

William Norman

Illustrated Properties LLC License #3340452

Illustrated Properties LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,908

Year Built

  • Built in 1974

Lot Details

  • 0.28

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Canal Views

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Additional Features

  • Canal Access
  • Waterfront

Listing and Financial Details

  • Assessor Parcel Number 00424326040010050

Community Details

Overview

  • 2 Units
  • Plantation Village Unrec Subdivision

Building Details

  • Operating Expense $3,650
  • Net Operating Income $23,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,908

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Okeechobee to Breezy Lane, South to fork in road, go left on E Breezy, property is on East side.
  • Year Built: 1974
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1560.0

Exterior Features

  • View: Canal
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00424326040010050
  • Zoning Description: Multi-Fa

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 23350.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 3650.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2908.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2021
Sold by
Berrose Homes Inc
Bought by
Thirumavalavan Uma
Current Estimated Value
$525,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Outstanding Balance
$163,300
Interest Rate
2.2%
Mortgage Type
New Conventional
Estimated Equity
$327,741

Purchase Details

Listed on
Feb 11, 2019
Closed on
Jul 2, 2019
Sold by
Dhanani Nasrain
Bought by
Berrose Homes Inc
Seller's Agent
Maria Termotto-Horwitz
Keller Williams Realty/P B
Buyer's Agent
William Norman
Illustrated Properties LLC
List Price
$299,000
Sold Price
$267,500
Premium/Discount to List
-$31,500
-10.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$214,000
Interest Rate
7.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2008
Sold by
Persaud Sham and Krishan Palette Hema
Bought by
Dhanani Nasrain

Purchase Details

Closed on
Jun 17, 2005
Sold by
Godino James D and Godino Florence M
Bought by
Persaud Kumar and Krishan Hemwattie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.7%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 18, 1996
Sold by
Briscall Tom S and Briscall Barbara C
Bought by
Godino James D and Godino Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,100
Interest Rate
8.27%
Mortgage Type
New Conventional
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
Thirumavalavan Uma $320,000 Homepartners Title Svcs Llc
Berrose Homes Inc $267,500 None Available
Dhanani Nasrain $126,000 Sage Title & Escrow
Persaud Kumar $220,000 Royal Palm Title & Abstract
Godino James D $73,857 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thirumavalavan Uma $208,000
Previous Owner Berrose Homes Inc $214,000
Previous Owner Persaud Kumar $154,000
Previous Owner Godino James D $59,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2019 06/27/19 Sold $267,500 -10.5% $171 / Sq Ft
05/28/2019 05/28/19 Pending -- -- --
02/11/2019 02/11/19 For Sale $299,000 -- $192 / 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 $6,374 $335,711 -- --
2023 $5,829 $305,192 $91,080 $214,112
2022 $5,500 $278,320 $0 $0
2021 $4,744 $230,228 $71,760 $158,468
2020 $4,554 $218,169 $86,112 $132,057
2019 $3,352 $182,289 $50,232 $132,057
2018 $2,908 $158,849 $39,975 $118,874
2017 $2,612 $137,178 $42,079 $95,099
2016 $2,390 $93,119 $0 $0
2015 $2,255 $84,654 $0 $0
2014 $2,110 $76,958 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Maria Termotto-Horwitz

    Keller Williams Realty/P B

    (561) 779-9452

    122 Total Sales

    Maria Termotto-Horwitz
    Section Image
  • William Norman

    Buyer's Agent in 2019

    William Norman

    Illustrated Properties LLC

    (561) 381-1997

    34 Total Sales

    William Norman
    Section Image
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Source: BeachesMLS

MLS Number: R10503710

BeachesMLS

APN: 00-42-43-26-04-001-0050

Florida Palm Beach County West Palm Beach

33417

This home since 11 February 2019 and is currently estimated at $525,285, approximately $336 per square foot. This property was built in 1974. This home is a home located in Palm Beach County with nearby schools including Wynnebrook Elementary School, Jeaga Middle School, and Royal Palm Beach 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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