$690,000
SOLD OCT 15, 2024
-- Bed
-- Bath
1,958 Sq Ft
6,647 Sq Ft Lot

Recently Sold

$352 Per Sq Ft

7% Below List Price

109 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 6 Car Garage

About This Home

As of October 2024

Beautiful triplex with a higher level of finishing than the usual multifamily property in Lake Worth. Property consists of 1 unit with 1 bedroom/ 1 bathrooms, 1 unit with 2 bedrooms/ 1 bathroom and 1 studio with bathroom. The property is highly finished and comes fully furnished, which makes this an amazing turnkey rental property for short-term and long-term rentals. The location is amazing: less than 1 mile to Downtown Lake Worth, a couple of blocks away from the Intercoastal and 1 mile away from the I95. Property stands out thanks to its location, high finishes, beautiful volumes inside and the versatile layouts of the units. Property is perfect for house hacking! Live in one unit and rent out the two other ones!

Last Agent to Sell the Property

Thomas Herremans

KW Reserve Palm Beach License #3563900

KW Reserve Palm Beach

Last Buyer's Agent

Thomas Herremans

KW Reserve Palm Beach License #3563900

KW Reserve Palm Beach

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,673

Year Built

  • Built in 1926

Parking

  • 6 Car Garage

Home Design

  • Triplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,958 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Additional Features

  • 6,647 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38434427010110060
  • Seller Considering Concessions

Community Details

Overview

  • 3 Units
  • Lake Worth Town Of Add Subdivision

Building Details

  • Operating Expense $24,603
  • Net Operating Income $54,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,673

Year Built

Built in 1926

Lot Details

0

Parking

6

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Year Built: 1926
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Laminate, Vinyl, Wood
  • Living Area: 1958.0

Exterior Features

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

Garage/Parking

  • Covered Parking Spaces: 6.0
  • Garage Spaces: 6.0
  • Garage Yn: Yes

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

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

Lot Info

  • Parcel #: 38434427010110060
  • Lot Size: 50ft x 125ft
  • Lot Size Sq Ft: 6647.0
  • Zoning Description: SF-R (ci
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 54597.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 24603.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7673.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $690,000 0.0% $352 / Sq Ft
10/15/2024 10/15/24 Sold $690,000 -7.4% $352 / Sq Ft
06/27/2024 06/27/24 For Sale $745,000 0.0% $380 / Sq Ft
06/27/2024 06/27/24 For Sale $745,000 +4.9% $380 / Sq Ft
10/06/2022 10/06/22 Sold $710,000 -6.5% $363 / Sq Ft
08/13/2022 08/13/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $759,000 -- $388 / Sq Ft
Source: BeachesMLS

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 $7,770 $349,105 -- --
2023 $9,641 $436,094 $0 $0
2022 $7,334 $276,309 $0 $0
2021 $6,714 $251,190 $66,000 $185,190
2020 $5,255 $230,084 $66,000 $164,084
2019 $6,184 $225,684 $61,600 $164,084
2018 $4,289 $169,994 $44,895 $125,099
2017 $3,783 $127,147 $40,814 $86,333
2016 $3,736 $126,689 $0 $0
2015 $1,490 $58,840 $0 $0
2014 $1,499 $58,373 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $532,000 New Conventional
Closed $18,000 Construction
Previous Owner $532,500 New Conventional
Previous Owner $18,480 FHA
Previous Owner $274,928 FHA
Previous Owner $157,000 Unknown
Previous Owner $66,500 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $665,000 Pegasus Title Services
Warranty Deed $710,000 Supreme Title
Warranty Deed $280,000 Premier Title Co Ltd
Warranty Deed $104 Attorney
Trustee Deed $91,500 None Available
Quit Claim Deed $30,382 Quality Title Agency Inc
Warranty Deed $70,000 Terramar Guaranty Title & Tr
Source: Public Records

Source: BeachesMLS

MLS Number: R10999898

BeachesMLS

APN: 38-43-44-27-01-011-0060