ATTENTION FIRST-TIME INVESTORS! Embark upon becoming a landlord - safely and comfortably - with this attractively-priced TENANT-OCCUPIED house. Enjoy IMMEDIATE HEALTHY RENTAL INCOME, at $2,450 / mo! That's far more than you're earning from your money sitting in the bank. Located NORTH of 6th Ave. S., just five blocks from Lake Ave., the all-important location-factor is top rate. Real property appreciation happens best in an up-and-coming area... That indeed characterizes LAKE WORTH BEACH! A large front driveway provides valuable off-street parking to occupants. Special zoning category MU-E (Mixed-Use East) allows generous density increases for when you wish to further develop the parcel to maximum capacity. Your wealth-building quest of success begins right here!
Property Details
Property Features
Property Information:
Architectural Style: Mediterranean
Year Built: 1925
Stories: 1
Living Area: 708 SqFt
Listing Office:
Office Name: Southdale Properties Inc.
Office Phone: (561) 586-1160
Listing Agent: Bret R Taylor
Interior Features
Interior Information:
Appliances: Electric Range, Refrigerator, Electric Water Heater
Flooring Type: Ceramic Tile
Interior: None
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Waterfront: None
Exterior: None
Parking Information:
Parking: 2+ Spaces, Driveway
Lot Features
Lot Information:
Lot: Interior Lot
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Take LAKE AVENUE to South E Street and turn right. Property is on the West side of the street.
Price Information
Listing Price Info
Price Summary:
List Price: $282,000
Price Per SqFt: $398/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lake Worth, FL.
This property is $173.1K less than the Median Sold Price and $125/SqFt more than other homes in Lake Worth, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-11032216
Listing Office:
Office Name: Southdale Properties Inc.
Office Phone: (561) 586-1160
Listing Agent: Bret R Taylor
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/14/2024, 1:15:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,475
Per Month
Principal & Interest
$1,408
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$912
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
South Grade Elementary School
716 S K St
Distance between this listing and this school0.44 miles
Public Magnet Grades PK-5
2
/10
Highland Elementary School
500 Highland Ave
Distance between this listing and this school0.87 miles
Public Magnet Grades EE-5
2
/10
Barton Elementary School
1700 Barton Rd
Distance between this listing and this school1.01 miles
Public District Grades PK-5
Nearby Schools
6
/10
North Grade K-8 School
824 N K St
Distance between this listing and this school1.20 miles
Public Magnet Grades KG-8
2
/10
Lake Worth Middle School
1300 Barnett Dr
Distance between this listing and this school1.68 miles
Public Magnet Grades 6-8
3
/10
Palm Beach Maritime Academy
1518 W Lantana Rd
Distance between this listing and this school1.72 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Lake Worth Community High School
1701 Lake Worth Rd
Distance between this listing and this school0.49 miles
Public Magnet Grades 9-12
1
/10
Palm Beach Preparatory Charter Academy
3525 S Congress Ave
Distance between this listing and this school2.00 miles
Public Charter Grades 9-12
2
/10
Palm Beach Maritime Academy High School
600 S East Coast Ave
Distance between this listing and this school2.09 miles
The neighbors living near this home have an average income of $64,320. The majority of Lake Worth, FL residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 503 S E St
What is the listing price of this property?
The listing price of 503 S E St property is $282,000.
What type of property is this?
The property 503 S E St is a house located in Lake Worth Beach, Florida, 33460.
Is this property for sale now?
Active Listing: 503 S E St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 503 S E St has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 503 S E St is 708 SqFt (source: MLS/tax record).
This home is located at 503 S E St in Lake Worth Beach, FL and zip code 33460 in the Royal Poinciana neighborhood. This 708 square foot home was built in 1925. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $282,000.
In October 2024 more than 11 listings in Lake Worth, FL were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 74 were sold below. The number of homes for sale in Lake Worth, FL increased by 5.1% between September 2024 and October 2024. In October 2024 median list price was $455,172 and the average listing age was 56 days.
From Rocket Homes Real Estate and based on county public records data.