$420,000
SOLD JUL 28, 2021

1212 N Federal Hwy Unit 1 Lake Worth, FL 33460

Parrot Cove Neighborhood
-- Bed
-- Bath
1,673 Sq Ft
6,711 Sq Ft Lot

Recently Sold

$251 Per Sq Ft

1% Below List Price

5 Days on Market

Highlights

  • Wood Flooring
  • Fenced
  • Wood Siding
  • Central Heating and Cooling System

About This Home

As of July 2021

Great multi-family on a huge lot in Lake Worth! Three units total. The front building is a duplex with a 2/1 and 1/1. Updated kitchens & flooring. The efficiency is a separate structure from the main duplex. Lot totals over 6700 sq ft! Great location, just north of Downtown and minutes to the beach, I-95, grocery stores, dining, shopping and nightlife. Amazing opportunity for an investor or owner occupier!

Last Agent to Sell the Property

Dan DeMott

LPT Realty, LLC License #3303428 Listed on: 06/22/2021

LPT Realty, LLC

Co-Listed By

John Moran

LPT Realty, LLC License #3466918

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,220

Year Built

  • Built in 1953

Lot Details

  • 6,711 Sq Ft Lot
  • Fenced

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,673 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38434421153660030

Community Details

Overview

  • 2 Units
  • Town Of Lake Worth Subdivision

Building Details

  • Operating Expense $12,000
  • Net Operating Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,220

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: TAKE I-95 NORTH TO EXIT 64 WHICH IS 10TH AVE N, MAKE A LEFT NORTH FEDERAL HWY AND THE TRIPLEX IS ON YOUR RIGHT
  • Year Built: 1953
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 1673.0

Exterior Features

  • Exterior Features: Fence
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 38434421153660030
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 6711.0
  • Zoning Description: MU-FH(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 30600.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5220.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Aug 19, 2021
Sold by
Yucesoy Yusuf
Bought by
Yucesoy Llc
Seller's Agent
Dan DeMott
LPT Realty, LLC
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Current Estimated Value
$612,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,412
Avg. Annual Appreciation
8.08%

Purchase Details

Listed on
Jun 22, 2021
Closed on
Jul 28, 2021
Sold by
Zonenshine Assaf J
Bought by
Yucesoy Yusuf
Seller's Agent
Dan DeMott
LPT Realty, LLC
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%

Purchase Details

Closed on
Dec 26, 2019
Sold by
Anpeix Llc
Bought by
Zonenshine Assaf J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2018
Sold by
Dar Manarang Llc
Bought by
Anpeix Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,350
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 1, 2017
Sold by
Sosoian Mary
Bought by
Dar Manarance Llc

Purchase Details

Closed on
Mar 20, 2007
Sold by
Byrne John J
Bought by
Sisoian Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 19, 2007
Sold by
Byrne Kirk Linda
Bought by
Byrne John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 2, 2001
Sold by
Byrne John J
Bought by
Byrne John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.09%
Mortgage Type
New Conventional
Source: Public Records

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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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $420,000 Normandy Title & Law Svcs Pa
Warranty Deed $330,000 First International Ttl Inc
Warranty Deed $299,000 Transfer Title Services Inc
Warranty Deed $210,000 Title Guaranty Of South Flor
Warranty Deed $190,000 Standard Title Insurance Age
Quit Claim Deed -- Standard Title Insurance Age
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $247,500 New Conventional
Previous Owner $247,500 New Conventional
Previous Owner $194,350 Future Advance Clause Open End Mortgage
Previous Owner $170,000 Seller Take Back
Previous Owner $400,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2022 08/21/22 Rented $1,900 0.0% --
08/01/2022 08/01/22 For Rent $1,900 0.0% --
04/01/2022 04/01/22 Rented $1,900 +5.6% --
03/25/2022 03/25/22 Under Contract -- -- --
03/19/2022 03/19/22 For Rent $1,800 0.0% --
07/28/2021 07/28/21 Sold $420,000 -1.2% $251 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $425,000 -- $254 / 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 $10,664 $414,631 -- --
2023 $6,974 $231,515 $0 $0
2022 $6,042 $210,468 $0 $0
2021 $5,610 $188,346 $60,399 $127,947
2020 $5,220 $168,280 $60,399 $107,881
2019 $5,165 $165,559 $56,037 $109,522
2018 $4,457 $139,163 $54,426 $84,737
2017 $4,032 $119,789 $51,809 $67,980
2016 $3,968 $118,570 $0 $0
2015 $4,016 $117,519 $0 $0
2014 $3,930 $112,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alexander Morello

    MTRE Groupe LLC

    (786) 282-9992

    1 in this area

    70 Total Sales

    Alexander Morello
    Section Image

  • D

    Buyer's Agent in 2022

    David Lawrence

    Home Hunters Real Estate

  • D

    Seller's Agent in 2021

    Dan DeMott

    LPT Realty, LLC

    (877) 366-2213

    1 in this area

    157 Total Sales

    Dan DeMott
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    John Moran

    LPT Realty, LLC

    (954) 614-0205

    1 in this area

    27 Total Sales

    John Moran
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10725904

BeachesMLS

APN: 38-43-44-21-15-366-0030

Florida Palm Beach County Lake Worth 33460 Parrot Cove

1212 N Federal Hwy Unit 1, Lake Worth, FL

This home is located at 1212 N Federal Hwy Unit 1, Lake Worth, FL 33460 and is currently priced at $420,000, approximately $251 per square foot. This property was built in 1953. 1212 N Federal Hwy Unit 1 is a home located in Palm Beach County with nearby schools including Lake Worth High School, North Grade Elementary School, and Lake Worth Community Middle 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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