6415 Lake Ave West Palm Beach, FL 33405

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3 beds · 3 baths · 1,354 sq ft · Lot Size: 6,100 sq ft · Single Family Home · Dreher Park
Est. Property Value: $780,494

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6415 Lake Ave is in the Dreher Park neighborhood of West Palm Beach, FL. It is located in Palm Beach County and ZIP code 33405. This Single Family Home was built in 1923 and is approximately 102 years old. The single family home spans 1354 sq ft with 3 bedrooms and 3 bathrooms and sits on a 6100 sq ft lot. According to public records, it was last sold in 2017 for $328,000 and has a tax-assessed value of $433,133, which is $576 per sq ft. The Dreher Park area of West Palm Beach has 14 residential homes with an average size of 1286 sq ft. Analyze and compare real estate investment strategies for properties like this home at 6415 Lake Ave West Palm Beach, FL 33405 with Property Intel by Whitepages.

Owners & Occupancy for 6415 Lake Ave

This property is owned by Raymond N Brown. Owner contact information includes 15 phone numbers and 7 email addresses.

Property Owners

OccupationSenior Principal Engineer, Delta Air Lines
Cell Phone(931) ***-****View Cell Phone
Residence*******************
Landline(804) 443-1745
Distance from Property**********
Email Address********@gmail.comView Email
Cell Phone(516) ***-****View Cell Phone
Residence**************
Landline(301) 805-8421
Distance from Property**********
Email Address************@ymail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 77

Property Financials for 6415 Lake Ave

6415 Lake Ave, West Palm Beach, FL has a mortgage from Waterstone Mtg (orig. April 18, 2017). The Palm Beach county assessment for 2023 values it at $433,133, with annual taxes of $8,523.

Mortgage & Equity Information

Loan Amount$******
LenderWaterstone Mtg
Origination DateApril 18, 2017
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date************
Equity View Equity

Property Tax

Purchase DateApril 18, 2017
Property Tax Amount$8,523 in 2023
Purchase Price$328,000
Assessed Value$433,133 on 2023

Investment Potential for 6415 Lake Ave

The property has a current estimated value of $780,494, which is 33% above the neighborhood median, based on public records. It last sold on April 18, 2017 for $328K. Projected long-term
is $25,200 annually ($2,100 per month) with a 88% occupancy rate.

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Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
Cap Rate
Occupancy Rate
88%in 33405 zip code
 
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Property Details for 6415 Lake Ave

Property Details

Property Sq Ft

Living Area

1,354 sq ft

5% above market

Lot Size

6,100 sq ft

5% below market

Price Per Sq Ft

Living Area

$576 / sq ft

15% above market

Lot Size Area

$128 / sq ft

36% above market

Property condition, age, exterior, etc. for 6415 Lake …
Longitude: -80.062239 Latitude: 26.657627 Parcel Number (APN): 74-43-44-09-04-000-4600…

Recommended Properties in Dreher Park

Discover more single family homes near 6415 Lake Ave in West Palm Beach, Florida. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 6415 Lake Ave in Palm Beach County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$780,494
$349,875
$430,619 (123%)
$447,083
$1,141,087 (255%)
YoY Price Change
1.8%
789%
Year Built
1923
1990
-67 years
Living Space
1,354 sq ft
1,630 sq ft
-276 (-17%)
$ Per Living Sq Ft
$576
$213
$364 (171%)
Lot Size
6,100 sq ft
9,599 sq ft
-3499 (-36%)
$ Per Lot Sq Ft
$128
$38
$90 (241%)

Net Operating Income
$19,792
-$12,121 (-61%)
Annual Revenue
$25,200
$29,400
-$4,200 (-14%)
$9,768
$7,761 (79%)
Net Operating Income
$19,792
-$12,121 (-61%)
Cap Rate
5.75%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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