527 48th St West Palm Beach, FL 33407
Northwood Harbor NeighborhoodEstimated payment $4,875/month
Highlights
- Tile Flooring
- Central Heating and Cooling System
- 5-minute walk to Fogleman Park
About This Home
Northwood Villas, a well-positioned multifamily investment opportunity located in West Palm Beach, Florida. This 4-unit property, constructed in 1954 with concrete block construction, offers a total of 2,387 square feet on a 0.14-acre lot. The unit mix consists of one two-bedroom/one-bathroom unit and three one-bedroom/one-bathroom units, providing an attractive configuration for a diverse tenant base.Northwood Villas is strategically located east of Broadway in a rapidly evolving submarket of West Palm Beach. The property stands to benefit significantly from the ongoing revitalization of the surrounding area, including transformative developments within the nearby Currie Mixed-Use District (CMUD).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,270
Year Built
- Built in 1954
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,072 Sq Ft Home
- 1-Story Property
- Tile Flooring
Schools
- Northmore Elementary School
- John F. Kennedy Middle School
- Palm Beach Lakes High School
Additional Features
- 5,886 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 74434304040210230
Community Details
Overview
- 4 Units
- North Palm Bch 1 Subdivision
Building Details
- Operating Expense $30,524
- Net Operating Income $44,472
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,270 | $378,656 | -- | -- |
| 2023 | $8,264 | $344,233 | $164,808 | $235,180 |
| 2022 | $7,630 | $312,939 | $0 | $0 |
| 2021 | $6,971 | $284,490 | $70,000 | $214,490 |
| 2020 | $6,027 | $238,832 | $60,000 | $178,832 |
| 2019 | $4,294 | $236,730 | $55,000 | $181,730 |
| 2018 | $3,466 | $186,574 | $48,509 | $138,065 |
| 2017 | $2,965 | $142,296 | $33,454 | $108,842 |
| 2016 | $2,515 | $90,396 | $0 | $0 |
| 2015 | $2,941 | $105,040 | $0 | $0 |
| 2014 | $2,804 | $95,491 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Sale | $735,000 | +103.0% | $355 / Sq Ft |
| 11/08/2019 11/08/19 | Sold | $362,000 | -9.5% | $175 / Sq Ft |
| 10/09/2019 10/09/19 | Pending | -- | -- | -- |
| 10/03/2019 10/03/19 | For Sale | $399,900 | -- | $193 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $453,500 | Os National Llc | |
| Warranty Deed | $362,000 | Attorney | |
| Warranty Deed | $70,000 | Attorney | |
| Warranty Deed | $355,000 | Palm Beach Gardens Title Inc | |
| Warranty Deed | $279,000 | Flagler Title Co | |
| Warranty Deed | $230,000 | -- | |
| Warranty Deed | $100,000 | -- | |
| Trustee Deed | $100,100 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $115,000 | -- | |
| Warranty Deed | $87,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $594,000 | Commercial | |
| Previous Owner | $276,500 | Construction | |
| Previous Owner | $284,000 | Purchase Money Mortgage | |
| Previous Owner | $237,150 | Fannie Mae Freddie Mac | |
| Previous Owner | $34,500 | Credit Line Revolving | |
| Previous Owner | $34,500 | Credit Line Revolving | |
| Previous Owner | $172,500 | Unknown | |
| Previous Owner | $124,800 | Balloon | |
| Previous Owner | $103,500 | New Conventional | |
| Previous Owner | $70,000 | New Conventional |
Source: BeachesMLS
MLS Number: R11082292
APN: 74-43-43-04-04-021-0230
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