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Sold for $885,000
    • $885,000

    501 NE 16th Street, Boca Raton, FL 33432

    4beds
    4baths
    1,983sqft
    Duplex, Multi Family, Multi Family
    Built in 1975
    -- sqft lot
    $993,500 Zestimate®
    $446/sqft
    $2,879 Estimated rent

    Home value

    $993,500

    $914,000 - $1.09M

    $2,879/mo

    Zestimate® history
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    $6,093/mo

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    $6,093/mo

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    What's special

    Rarely available corner duplex overlooking Lake Wyman Park at your front door!! Highly desirable prime location in East Boca Raton. Minutes from gorgeous beaches, Intracoastal Waterway, Silver Palm Park on the Intracoastal offers public but permit-required boat launch, Downtown Boca, restaurants and shopping. Great investment opportunity East of US-1. Ideal for two families or live in one and lease the other. Both units offer 2BD, 2BA, eat-in kitchen, laundry room, large covered screened patio plus hurricane impact windows, new roof and Xeriscape landscaped style for water conservation!! Both tenants have been in residence for 15 years.

    Zillow last checked:

    Listing updated:

    Listed by:

    Caridad Monier 561-715-2201,

    Coldwell Banker

    Bought with:

    Ross M Stern, 3277471

    RE/MAX Services

    Source: BeachesMLS,MLS#: R10939571MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Features
    • Flooring: Carpet, Ceramic Tile, Laminate, Tile
    • Windows: Sliding, Storm Window(s)
    Interior area
    • Total structure area: 2,438
    • Total interior livable area: 1,983 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Patio, Porch, Screened
    • Exterior features: Outdoor Living Area, Porch
    • Has view: Yes
    • View description: Other
    • Waterfront features: None
    Lot
    • Size: 8,106 Square Feet
    • Dimensions: Corner Lot. 0.1861 acres / 8,106 sf
    • Features: Corner Lot, < 1/4 Acre
    Details
    • Parcel number: 06434717080000250
    • Zoning: R2(cit
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family, Multi Family
    Materials
    • Block
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 1975
    Details
    • Builder name: Other

    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: LAKE WYMAN SHORES
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: Boca Raton

    Financial & listing details

    • Price per square foot: $446/sqft
    • Tax assessed value: $743,129
    • Annual tax amount: $7,979
    • Date on market: 11/30/2023
    • Cumulative days on market: 43 days
    • Listing terms: Cash,Conventional
    • Tenant pays: Cable TV, Electricity, Water
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/18/2024Listing removed$4,000$2/sqft
    Source: BeachesMLS #R10998165 Report a problem
    7/21/2024Price change$4,000-11.1%$2/sqft
    Source: BeachesMLS #R10998165 Report a problem
    6/21/2024Listed for rent$4,500$2/sqft
    Source: BeachesMLS #R10998165 Report a problem
    2/16/2024Sold$885,000-3.3%$446/sqft
    Source: BeachesMLS #R10939571 Report a problem
    11/30/2023Listed for sale$915,000$461/sqft
    Source: BeachesMLS #RX-10939571 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,173 +29.3%$743,129 +51%
    2024$10,189 +2.4%$492,225 +10%
    2023$9,947 +24.7%$447,477 +10%
    2022$7,979 +6.6%$406,797 +10%
    2021$7,483 +14.2%$369,815 +10%
    2020$6,551 -2%$336,195 +0.4%
    2019$6,682 $334,887 +4.2%
    2018$6,682 +11.7%$321,293 +16.1%
    2017$5,982 +10%$276,766 +4.8%
    2016$5,441 +2.7%$264,087 +8.1%
    2015$5,296 +12.2%$244,319 +10%
    2014$4,721 +9.7%$222,108 +10%
    2013$4,305 +2%$201,916 +3.8%
    2012$4,220 -0.8%$194,517
    2011$4,255 +2.2%$194,517 +1.4%
    2010$4,164 -7.5%$191,836 -12.9%
    2009$4,503 -24.3%$220,368 -32.1%
    2008$5,951 -8.1%$324,738 -9.2%
    2007$6,477 -11.9%$357,466 -4.4%
    2006$7,353 $374,008 +40.2%
    2005-- $266,728 +23.9%
    2004$2,395 +2159.3%$215,350 +20.1%
    2003$106 -97.1%$179,376 +4%
    2002$3,667 +10.5%$172,453 +12.9%
    2001$3,319 +46%$152,740 +47.8%
    2000$2,274 +8.6%$103,312 -0.3%
    1999$2,094 $103,653
    Find assessor info on the county website

    Neighborhood: 33432

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Boca Raton
    • Middle: Boca Raton Community
    • High: Boca Raton

    Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $993,500
    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
    $993,500

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