''Opportunity knocks at the heart of Lake Worth with this charming duplex, located at 3642 Melaleuca Ln. Boasting long-term tenants in place, this property offers smart investors the chance to secure a steady income stream without the oversight of an HOA. Each unit in this 860 square foot multi-family home promises a cozy living space, waiting for a touch of TLC to unlock its full potential.Please note, this is a tenanted property, and we kindly ask that their privacy and peace are respected - do not disturb the tenants. For more information and to discuss the boundless possibilities this investment opportunity offers, please reach out without delay.'' "Opportunity knocks at the heart of Lake Worth with this charming duplex, located at 3642 Melaleuca Ln. Boasting long-term tenants in place, this property offers smart investors the chance to secure a steady income stream without the oversight of an HOA. Each unit in this 860 square foot multi-family home promises a cozy living space, waiting for a touch of TLC to unlock its full potential.Please note, this is a tenanted property, and we kindly ask that their privacy and peace are respected - do not disturb the tenants. For more information and to discuss the boundless possibilities this investment opportunity offers, please reach out without delay."
Sold for $425,000
$425,000
3642 Melaleuca Lane, Lake Worth, FL 33461
4beds
2baths
1,720sqft
Duplex, Multi Family, Multi Family
Built in 1981
-- sqft lot
$549,100 Zestimate®
$247/sqft
$2,520 Estimated rent
Home value
$549,100
$511,000 - $588,000
$2,520/mo
Zestimate® history
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$2,914/mo
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Zillow last checked:
Listing updated:
Listed by:
Trevor Forbes 561-723-6708,
Sutter & Nugent LLC,
Lisa Ann Bahr,
Sutter & Nugent LLC
Bought with:
Charles A Campbell, 3222221
Purple Cow Realty LLC
Source: BeachesMLS,MLS#: R10984645
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 1,960
- Total interior livable area: 1,720 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Outdoor Living Area
- Fencing: Fenced
- Waterfront features: None
Lot
- Size: 0.3 Acres
- Dimensions: 135.0 ft x 95.0 ft
- Features: 1/4 to 1/2 Acre Lot
Details
- Parcel number: 00434430011070012
- Zoning: RM
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Block
- Roof: Composition
Condition
- Resale,Fixer
- New construction: No
- Year built: 1981
Utilities & green energy
- Electric: 3 Phase
- Sewer: Public Sewer
- Water: Multiple Meters, Public
- Utilities for property: Cable Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: PALM BEACH FARMS CO 7
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Lake Worth
Financial & listing details
- Price per square foot: $247/sqft
- Tax assessed value: $440,105
- Annual tax amount: $5,070
- Date on market: 5/6/2024
- Cumulative days on market: 1 day
- Listing terms: Cash,Conventional,Trade
- Tenant pays: Cable TV, Electricity, Water
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2024 | Listing removed | $2,300-2.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/7/2024 | Price change | $2,350-2.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/4/2024 | Price change | $2,400-2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/24/2024 | Listed for rent | $2,450$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/13/2024 | Sold | $425,000$247/sqft |
Source:  BeachesMLS #R10984645 Report a problem | ||
| 5/6/2024 | Listed for sale | $425,000$247/sqft |
Source: BeachesMLS #RX-10984645 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,188 +24.3% | $440,105 +41.2% |
| 2024 | $6,586 +29.9% | $311,625 +68.9% |
| 2023 | $5,070 +6.9% | $184,492 +10% |
| 2022 | $4,742 +12.7% | $167,720 +10% |
| 2021 | $4,208 +10.9% | $152,473 +10% |
| 2020 | $3,795 +1.2% | $138,612 +10% |
| 2019 | $3,752 | $126,011 -36.9% |
| 2018 | $3,752 +17.6% | $199,784 +30.4% |
| 2017 | $3,191 +15.5% | $153,180 +61.8% |
| 2016 | $2,762 +11.2% | $94,674 +10% |
| 2015 | $2,483 +3.5% | $86,067 +10% |
| 2014 | $2,399 +23.9% | $78,243 +10% |
| 2013 | $1,936 +1.1% | $71,130 +1.5% |
| 2012 | $1,914 -1.6% | $70,105 |
| 2011 | $1,945 -17.7% | $70,105 -23.5% |
| 2010 | $2,363 -10.5% | $91,590 -18.5% |
| 2009 | $2,641 -16.3% | $112,397 -29.4% |
| 2008 | $3,154 -4.7% | $159,115 -9.8% |
| 2007 | $3,310 -29.7% | $176,444 -24.6% |
| 2006 | $4,708 | $234,106 +70.6% |
| 2005 | -- | $137,247 +24.6% |
| 2004 | $1,143 +287.4% | $110,148 +19.1% |
| 2003 | $295 -84.3% | $92,515 +15.8% |
| 2002 | $1,882 +14.2% | $79,895 +18.5% |
| 2001 | $1,648 +7.5% | $67,401 +7.7% |
| 2000 | $1,533 +25.2% | $62,579 -0.3% |
| 1999 | $1,224 | $62,756 |
Find assessor info on the county website
Neighborhood: Lake Worth Corridor
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Starlight Cove Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 5/10Tradewinds Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10Lake Worth High SchoolGrades: PK,9-12Distance: 2.1 mi
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Estimated market value
$549,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$549,100
- Florida
- Palm Beach County
- Lake Worth Beach
- 33461
- Lake Worth Corridor
- 3642 Melaleuca Lane
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