702 50th St, West Palm Beach, FL, 33407

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702 50th St, West Palm Beach$525,000

Buyer Closing Credits

$6,234^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1926

HeatingNone

CoolingCeiling Fan(s), Electric, Window Unit(s)

WaterfrontNone

FireplaceNone

MLS #RX-11019438

StatusActive

About 702 50th St

Introducing a rare opportunity to own a Spanish-style detached triplex in the sought-after area of West Palm Beach. This investment gem offers a current cap rate of 8.61%, making it an attractive option for those looking to enhance their real estate portfolio.Property Highlights:-Three separate rental units present a steady income stream. Units 1 and 2 are currently tenant-occupied, with Unit 3 vacant and ready for immediate occupancy.Monthly Income:Unit 1 - $2,100Unit 2 - $1,450Unit 3 - $1,000-Built on a 50 x 105 lot, this property showcases classic stucco exterior walls with a durable built-up roof, ensuring long-lasting quality and minimal maintenance.

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Property Details

Property Features

Property Information:

• Year Built: 1926
• Stories: 1
• Living Area: 1,700 SqFt

Listing Office:

• Office Name: Keller Williams Realty/P B
• Office Phone: (561) 656-2929
• Listing Agent: Maria Termotto

Interior Features

Interior Information:

• Appliances: None
• Flooring Type: Ceramic Tile, Wood Floor
• Interior: None
• Fireplace: None

Bedroom and Bathroom Information:

• Full Bathrooms: 3
• Total Bedroom Count: 5

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: None

Virtual/3D Tour

• Virtual Tour: 702 50th St

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Utilities

Utilities Information:

• Heating: None
• Cooling: Ceiling Fan(s), Electric, Window Unit(s)

School Info

Assigned Schools Information:

• Palm Beach Lakes High School, Public Magnet Grades PK-12
• John F. Kennedy Middle School, Public Magnet Grades 6-8
• West Riviera Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

• List Price: $525,000
• Price Per SqFt: $309/SqFt

Tax Information:

• Annual Amount: $2,406
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

West Palm Beach, FL

City

Med. Sold Price

$398.9K

Med. Price/SqFt

$273

Avg. Days On Market

57

# of Sold Homes

241

702 50th St vs West Palm Beach

19 DAYS ON ROCKET

-38 Days

$525,000

+$126K More

$309/SqFt

+$35 More

KEY TAKEAWAY

This property is $126K more than the Median Sold Price and $35/SqFt more than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-11019438

Listing Office:

• Office Name: Keller Williams Realty/P B
• Office Phone: (561) 656-2929
• Listing Agent: Maria Termotto

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: 9/29/2024, 6:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Nov 06, 2002	Nov 06, 2002Home Sold	$74,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$2,406	$134,119
2019	$2,162	$48,798
2018	$1,869	$44,362
2017	$1,627	$40,329

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33407›702 50th St

This home is located at 702 50th St in West Palm Beach, FL and zip code 33407 in the Northwood Estates neighborhood. This 1,700 square foot home was built in 1926. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $525,000.

In August 2024 more than 22 listings in West Palm Beach, FL were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 186 were sold below. Between July 2024 and August 2024, West Palm Beach, FL real estate market has seen increase in the number of listings by 6.3%. In August 2024 median list price was $398,948 and the average listing age was 57 days.

From Rocket Homes Real Estate and based on county public records data.