Sold
Last Sold Price
3 beds2 baths1,255 sqft$263/sqft
3901 Lakewood Rd, Unit A, Palm Springs, FL 33461
Multi FamilyProperty Type
0.5 acresLot Size
1940Year Built
$263/sq ftPrice per sq ft

Description

Fantastic investment opportunity with this expansive 1/2 half acre lot. This property contains two charming cottages along with a bonus trailer, all can be rented! A 1/1 updated home & a 2/1 home. Perfect for investors! Live in one rent the other! Both units have new AC units 1 year old. The 1/1 was renovated a few months ago with new walls, ceiling, floors, electrical, plumbing and some windows and new refrigerators. Washer/dyer inside both units. 1/1 has renovated kitchen with loads of natural...Fantastic investment opportunity with this expansive 1/2 half acre lot. This property contains two charming cottages along with a bonus trailer, all can be rented! A 1/1 updated home & a 2/1 home. Perfect for investors! Live in one rent the other! Both units have new AC units 1 year old. The 1/1 was renovated a few months ago with new walls, ceiling, floors, electrical, plumbing and some windows and new refrigerators. Washer/dyer inside both units. 1/1 has renovated kitchen with loads of natural light. Both units are on city water and sewer since last year. Property comes with trailer that is currently rented month to month at $500 per. Property is fenced with room to add an addition or pool, boat & RV! Already approved to add 2 additional units.
  • Listed by: Joshua Gold 561.285.4283 jjgold@onesothebysrealty.com Brokerage DRE #2032698 • Compass Florida LLC
  • Listed by: Alex Mendel 888.883.8509 alex@mendelgroupfl.com Brokerage DRE #2031861 • EXP Realty LLC
Listing closed: 04/08/2021 12:00 AM • Source: Beaches MLS, MLS#: R10678118

Recent comparable sales

Median sold price

$374,000

Avg days on market

49

Sale-to-list ratio

98.3%

Palm Springs, FL

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Location

Listing Courtesy of Compass Florida LLC; EXP Realty LLC

Sold By 441 Realty LLC

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Payment Calculator

$1,988 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,677

Property Taxes

$310

HOA Dues

$0

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Property Information for 3901 Lakewood Road, Unit A

Property Details
  • Taxes: $3,725 / year
  • MLS Type: Residential Income / Duplex
  • Furnished: Unfurnished
  • Waterfront Details: None
  • Style: No Pool/No Water
  • Year Built Numeric: 1940
  • Subdivision: LAKEWOOD GARDENS 1
Building Information
  • Stories: 1
  • Year Built: 1940
  • Lot Size: 0.50 AC / 21,780 SF
Summary
Location and General Information
  • Area: 5690
  • Bldg #: A
  • City and Location Text: Palm Springs
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.62112
  • Information Available: None
  • MLS Area: 5690
  • MLS Sub Area: PB19, Palm Beach 5660; 5690; 5720; 5750; 5780
  • Postal Code: 33461
  • Roads: Paved
  • State: FL
  • Subdivision Complex Bldg: LAKEWOOD GARDENS 1
  • Complex Name: LAKEWOOD GARDENS 1
  • Unit Number: A
  • Water Access: None
  • Zoning: RM(cit
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: LAKEWOOD GARDENS PL 1 E 1/2 OF N 261.5 FT OF TR 14 BLK 2
  • Parcel ID: 70434419110020142
  • Tax Information: No Homestead
  • Tax Year: 2020
  • Taxes: $3,725
School Information
  • Elementary School: Palm Springs (Palm Beach)
  • High School: John I. Leonard
  • Middle School: L. C. Swain
  • Senior High School: John I. Leonard
Property
Lot Information
  • Acreage Description: 1/4 To Less Than 1/2 Acre Lot, 1/2 To Less Than 1 Acre Lot
  • Acres: 0.5
  • Approx Sqft Total Area: 1255
  • Approximate Lot Size: 83.0 ft x 0.0 ft
  • Lot Description: Fruit Tree(s), Room for Pool
  • Lot Dimensions: 83.0 ft x 0.0 ft
  • Property Condition: Resale
  • Sq Ft: 1255
  • Sq Ft Liv Area: 1255.0
  • Sq Ft Total: 1,255
  • Property Type: Residential Income, Duplex
Property and Assessments
  • Avail Docs: None
  • Construction Type: Duplex, Tar/Gravel, Resale, CBS, Frame, Stucco
  • Document Count: 0
  • Legal Description: LAKEWOOD GARDENS PL 1 E 1/2 OF N 261.5 FT OF TR 14 BLK 2
  • Type: Duplex
  • Year Built Description: 1940
Utilities
  • Cable Available: Yes
  • Electric Service: Three Phase
  • On Site Utilities: Cable Available, Sewer Available, Water Available
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: No
  • Sewer Description: True
  • Utilities: Cable Available, Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: No
  • Construction: CBS, Frame, Stucco
  • Gated Community YN: No
  • Guest Accommodations: No
  • Roof: Tar/Gravel
  • Roof Description: Tar/Gravel
  • Subdiv Amenities: None
  • Surface Description: Paved
  • Fencing: Fenced
  • Other Structures: Shed(s)
  • Storm Protection Details: None
Interior Features
  • Baths Total: 2
  • Column Description: CBS, Frame, Stucco
  • Cooling: Ceiling Fan(s), Central Air
  • Flooring: Laminate
  • Heating: Central
  • Heating Description: Central
  • Num Floors: 1
  • Numof Units: 4
Multi Family
Multi Family Information
  • Number of Stories: 1.0
  • Unit Count: 4
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $32,750.00
  • Income & Expenses: Annual Total Expense: $9,000.00
  • Income & Expenses: Gross Operating Inc: $42,960.00
  • Exp Incl Pool Service: No
  • Expense Amount: $9,000
  • Gross Operating Income: $32,750
  • Gross Rent Income: $42,960
  • Monthly Income: $42,960
  • Source of Expenses: Owner Provided
Unit Information
Unit 1
  • Appliances: Range, Refrigerator, Dryer, Washer
  • Other Equipment: Air Conditioning Unit
  • Carport Attached YN: No
  • Carport YN: Yes
  • Parking Features: Open Parking
  • Rooms: Kitchen, Laundry Room
  • Actual Rent: $1,500.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 704.0
Unit 2
  • Appliances: Range, Refrigerator, Dryer, Washer
  • Other Equipment: Air Conditioning Unit
  • Parking Features: Open Parking
  • Rooms: Kitchen, Laundry Room
  • Actual Rent: $1,500.00
  • Baths Full: 1
  • Beds Total: 1
  • Furnished: Unfurnished
  • SqFt: 800.0
Unit 3
  • Actual Rent: $.00
  • SqFt: 0.0
Unit 4
  • Actual Rent: $.00
  • SqFt: 0.0
Rental
Rental Information
  • Application Fee: $.00
  • DXORIGMLNO: RML
  • Fee/Deposit Required: HOA Application Fee: 0.0
  • Other Fees: $0
  • Pets Allowed: Number Limit, Size Limit
  • Pets on Premises: Yes
  • Pets On Premises YN: Yes
  • Possession Information: Close Of Escrow
  • Rental Price/SqFt: $274.90
  • Tenant Pays: Cable TV, Electricity, Sewer, Water
  • Total Weight Limit (Pets): 100

Property History for 3901 Lakewood Road, Unit A

DateEvent & SourcePriceAppreciation
Apr 8, 2021

Sold (Public Record)

Public Record #1458153509

$330,000
Apr 8, 2021

Sold

Beaches MLS #R10678118

$330,000
Mar 23, 2021

Pending

Beaches MLS #R10678118

DateEvent & SourcePrice
04/08/2021

Sold (Public Record)

Public Record #1458153509

$330,000
04/08/2021

Sold

Beaches MLS #R10678118

$330,000
03/23/2021

Pending

Beaches MLS #R10678118

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3901 Lakewood Road, Unit A

Taxable ValueLand-Additions-Total-
Tax Record2025$7,589 ($632 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,255 SqFtAbove Grade Finished SqFt1,255 SqFtStories1Lot Size21,575 SqFtStyleSingle Family ResidenceYear Built1940Year Renovated1984ZoningRMCountyPALM BEACHAPN70-43-44-19-11-002-0142

Schools near 3901 Lakewood Road, Unit A

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Palm Springs Elementary School
PublicPK to 5

L C Swain Middle School
Public6 to 8

John I. Leonard High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass Florida LLC; EXP Realty LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.