NOT LISTED FOR SALE

Riviera Beach, FL 33404

Estimated Value: $1,371,000 - $2,404,000

5 Beds
4 Baths
2,822 Sq Ft
$609/Sq Ft Est. Value

Last Sold October 15, 2019

Last sale price $870,000 $308 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $11,182/month

355 Days on Market

Highlights

  • Deck
  • Porch
  • Tile Flooring
  • William T. Dwyer High School Rated A-
  • Open Patio
  • Central Heating and Cooling System

About This Home

As of October 2019

Location, location, location! This Palm Beach Shores multi-family home couldn't be more convenient to the beach. Just walk across the street and you are there! Come home and rinse off in the beautiful freeform pool. Enjoy brunch at Sailfish Marina or dinner at Mulligans - both just a quick walk or bike ride away. The house consists of three separate units: a 2/2 with den, 1/1 apartment, and a 400 sf efficiency. Great investment opportunity in a highly sought after community. No leases currently in place - financial info and rent income is based on projected estimate. Roof replaced in 2005. Accordion shutters on windows/sliding doors.

Last Agent to Sell the Property

Katie Rawnsley

Compass Florida LLC License #3243315 Listed on: 09/24/2018

Compass Florida LLC

Last Buyer's Agent

Rhys Hollyman

Logan Realty Inc License #3034120

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,636

Year Built

  • Built in 1970

Lot Details

  • 8,900 Sq Ft Lot
  • Fenced

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,822 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Outdoor Features

  • Deck
  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 54434227040003380

Community Details

Overview

  • 3 Units
  • Palm Beach Shores Subdivision

Building Details

  • Operating Expense $13,000
  • Net Operating Income $47,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,636

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Blue Heron or Jack Nicklaus to East Way South. Turn Right onto Beach Ct, Left on Beach Rd. House is on the corner or Sandal and Beach Rd.
  • Year Built: 1970
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Tile
  • Living Area: 2822.0

Exterior Features

  • Exterior Features: Deck, Fence, Porch
  • Lot Features: < 1/4 Acre
  • Pool Features: Pool
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Deck, 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: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 54434227040003380
  • Lot Size Sq Ft: 8900.0
  • Zoning Description: B-Multi
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 47000.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 13000.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 8636.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2022
Sold by
Cmep Ii Llc
Bought by
101 Sandal Llc
Current Estimated Value
$1,824,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,133,750
Outstanding Balance
$3,426,272
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
-$1,708,605

Purchase Details

Listed on
Sep 24, 2018
Closed on
Oct 15, 2019
Sold by
Starr Kathy M and Gorman Sharon L
Bought by
Cmep Ii Llc
Seller's Agent
Katie Rawnsley
Compass Florida LLC
Buyer's Agent
Rhys Hollyman
Logan Realty Inc
List Price
$800,000
Sold Price
$870,000
Premium/Discount to List
$70,000
8.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%
Original Mortgage
$735,000
Interest Rate
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 11, 2017
Sold by
Smith Elaine M
Bought by
Smith Elaine M and The Smith Living Trust

Purchase Details

Closed on
Mar 10, 2001
Sold by
Ethel M Gurbacki I
Bought by
Smith Jack D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.12%
Mortgage Type
New Conventional
Source: Public Records
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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
101 Sandal Llc -- Kyle Felty Pa
Cmep Ii Llc $870,000 Attorney
Smith Elaine M -- Attorney
Smith Jack D $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 101 Sandal Llc $5,133,750
Previous Owner Cmep Ii Llc $735,000
Previous Owner Smith Jack D $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2019 10/15/19 Sold $870,000 +8.8% $308 / Sq Ft
09/15/2019 09/15/19 Pending -- -- --
09/24/2018 09/24/18 For Sale $800,000 -- $283 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $20,261 $1,107,403 -- --
2024 $20,261 $1,017,481 -- --
2023 $19,496 $971,970 $665,720 $306,250
2022 $15,536 $707,109 $0 $0
2021 $13,588 $642,826 $412,168 $230,658
2020 $13,435 $630,416 $405,778 $224,638
2019 $10,026 $497,328 $0 $0
2018 $8,782 $464,083 $0 $0
2017 $8,636 $450,761 $0 $0
2016 $4,251 $432,284 $0 $0
2015 $8,607 $428,326 $0 $0
2014 $8,353 $412,461 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katie Rawnsley

    Seller's Agent in 2019

    Katie Rawnsley

    Compass Florida LLC

    (561) 222-3268

    72 Total Sales

    Katie Rawnsley
    Section Image
  • Rhys Hollyman

    Buyer's Agent in 2019

    Rhys Hollyman

    Logan Realty Inc

    (561) 351-1686

    4 in this area

    46 Total Sales

    Rhys Hollyman
    Section Image
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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10466695

BeachesMLS (Greater Fort Lauderdale)

APN: 54-43-42-27-04-000-3380

Florida Palm Beach County Riviera Beach

33404

Not Listed for Sale

MultiFamily

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