NOT LISTED FOR SALE

1001 Pine Dr Pompano Beach, FL 33060

Snug Harbor Neighborhood
16 Beds
8 Baths
6,915 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: June 8, 2021

Last sale price $1,750,000 $253 Per Sq Ft

8 Days on Market

About This Home

As of June 2021

Welcome to the perfect real estate investment property... This property is rented entirely to one tenant who is responsible for most property Maintenance & Expenses with the exception of major property repairs, property insurance policy and property taxes.
Tenant has a halfway house business for Rehab patients, (NOT INCLUDED) It serves between the initial medical rehab and going back to independent life to avoid relapse.
Tenant is on a 5-year lease with 2 more years left and is absolutely interested in staying for far longer than that.
This property has 8 units all 2/1's, Making $132,000 Yearly ($11,000 per month) has $34,747 Yearly Expenses, and Netting $97,253.
The current Cap Rate is 5.4%
The halfway house License is worth over $100,000 and it is attached to the property

Last Agent to Sell the Property

Karin Benyamin

Compass Florida, LLC License #3158314 Listed on: 05/03/2021

Compass Florida, LLC

Last Buyer's Agent

Karin Benyamin

Compass Florida, LLC License #3158314 Listed on: 05/03/2021

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,491

Year Built

  • Built in 1972

Lot Details

  • 0.25

Parking

  • 12 Parking Spaces

Home Design

  • Quadruplex
  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,915 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $132,000
  • Assessor Parcel Number 494201030920

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Ocean Drive Estates Condos
  • Ocean Drive Estates Subdivision

Building Details

  • Operating Expense $34,747
  • Net Operating Income $97,253

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,491

Year Built

Built in 1972

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1972
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: OCEAN DRIVE ESTATES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 6915
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Curved/S-Tile Roof
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot, 1/4 To Less Than 1/2 Acre Lot, Other Lot Description
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OCEAN DRIVE ESTATES
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494201030920
  • Zoning: RESIDENTIAL
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Multi Family

  • Net Operating Income: 97253
  • Number Of Units In Community: 4
  • Number Of Units Total: 8
  • Annual Operating Expense: 34747
  • Total Actual Rent: 132000

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 22491

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 8, 2021
Sold by
Bought by
Seller's Agent
Karin Benyamin
Compass Florida, LLC
Buyer's Agent
Karin Benyamin
Compass Florida, LLC
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%

Purchase Details

Closed on
Jul 13, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
0.045%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 13, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 24, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2002
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 1997
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 1994
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,750,000 Attorney
$1,100,000 Attorney
$1,000,000 Supreme Title & Escrow Inc
$940,000 --
-- --
$330,000 --
$275,000 --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $770,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/08/2021 06/08/21 Sold $1,750,000 -2.8% $253 / Sq Ft
05/02/2021 05/02/21 For Sale $1,800,000 -- $260 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $27,250 $1,251,700 $75,080 $1,176,620
2025 $32,077 $1,195,250 $75,080 $1,120,170
2024 $33,156 $1,435,500 $75,080 $1,360,420
2023 $33,156 $1,422,710 $0 $0
2022 $33,223 $1,516,620 $75,080 $1,441,540
2021 $22,842 $1,020,530 $75,080 $945,450
2020 $22,491 $1,020,530 $75,080 $945,450
2019 $22,652 $1,020,530 $75,080 $945,450
2018 $13,407 $792,770 $75,080 $717,690
2017 $11,664 $439,530 $0 $0
2016 -- $399,580 $0 $0
2015 -- $363,260 $0 $0
2014 -- $330,240 $0 $0
2013 $78 $336,750 $75,080 $261,670
Source: Public Records

Agents Affiliated with this Home

  • Karin Benyamin

    Seller's Agent in 2021

    Karin Benyamin

    Compass Florida, LLC

    (754) 422-6406

    10 Total Sales

    Karin Benyamin
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11036648

MIAMI REALTORS® MLS

APN: 49-42-01-03-0920

Florida Broward County Pompano Beach 33060 Snug Harbor

1001 Pine Dr, Pompano Beach, FL

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MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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