NOT LISTED FOR SALE

1028 NE 16th Terrace Unit 2 Fort Lauderdale, FL 33304

Lake Ridge Neighborhood

Estimated Value: $705,000 - $1,475,000

-- Bed
1 Bath
600 Sq Ft
$1,743/Sq Ft Est. Value

Highlights

  • No HOA
  • Complete Panel Shutters or Awnings
  • Closet Cabinetry
  • Fort Lauderdale High School Rated A
  • Built-In Features
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2022

1 bath Studio, ceramic tile, freshly painted, newer appliances, newer bathroom, new blinds. Awesome location near the beach, downtown Ft. Lauderdale, the beach and Galleria Mall. Vacant. New fencing all around, laundry facilities on site with coin machines for tenants. Hurry, won't last!

Last Agent to Rent the Property

Jorge Magana

United Realty Group Inc License #3253110 Listed on: 03/26/2022

United Realty Group Inc

Last Renter's Agent

Deolinda De Ornelas

United Realty Group Inc. License #3379144

United Realty Group Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,728

Year Built

  • Built in 1957

Lot Details

  • 6,751 Sq Ft Lot

Parking

  • 1 Car Garage
  • Assigned Parking

Interior Spaces

  • 600 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Blinds
  • Complete Panel Shutters or Awnings

Bedrooms and Bathrooms

  • Closet Cabinetry
  • 1 Full Bathroom

Schools

  • Bennett Elementary School
  • Sunrise Middle School
  • Fort Lauderdale High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 3/26/22
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 494234045550

Community Details

Overview

  • No Home Owners Association
  • Progresso Condos
  • Progresso Subdivision

Pet Policy

  • No Pets Allowed

Security

  • Complex Is Fenced

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,728

Year Built

Built in 1957

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2022-03-26
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1957
  • Property Sub Type: Multi Family
  • Directions: I95 to Sunrise Blvd East. Turn Left on NE 15th Ave. Turn Right turn on 11th St, then right on 16th Ter. Property will be on the left.
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex/Tri/Quad-Annual, Multi Family
  • Subdivision Name: PROGRESSO
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry
  • Full Bathrooms: 1
  • Furnished: Unfurnished
  • Living Area: 600
  • Stories: 1
  • Window Features: Complete Panel Shutters/Awnings, Blinds

Exterior Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PROGRESSO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Security: Complex Fenced

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Bennett
  • High School: Fort Lauderdale
  • Middle Or Junior School: Sunrise

Lot Info

  • Parcel Number: 494234045550
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6751
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Magana Pmc Llc
Current Estimated Value
$1,053,333

Purchase Details

Closed on
Aug 26, 2014
Sold by
Cyr Joel
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Nov 30, 2004
Sold by
Vaughan David and Vaughan Constance
Bought by
Cyr Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,100
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2002
Sold by
Federal National Mortgage Association
Bought by
Vaughan David and Vaughan Constance

Purchase Details

Closed on
Dec 21, 2001
Sold by
Rickel Russell
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 28, 2000
Sold by
Gould Chester
Bought by
Rickel Russell

Purchase Details

Closed on
Oct 20, 1999
Sold by
Billy Bean Inc
Bought by
Gould Chester E

Purchase Details

Closed on
Jan 13, 1999
Sold by
Beshears Mark
Bought by
Billy Bean Inc

Purchase Details

Closed on
May 20, 1997
Sold by
Nordheim Erich R
Bought by
Beshears Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,200
Interest Rate
8.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Magana Pmc Llc $303,000 None Available
Nationstar Mortgage Llc $218,100 None Available
Cyr Joel $389,000 --
Vaughan David $213,000 Watson Title & Insurance Inc
Federal National Mortgage Association -- --
Rickel Russell $212,000 --
Gould Chester E $110,000 --
Billy Bean Inc $162,000 --
Beshears Mark $156,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cyr Joel $25,000
Previous Owner Cyr Joel $350,100
Previous Owner Beshears Mark $148,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2022 03/28/22 Rented $1,300 0.0% --
03/26/2022 03/26/22 For Rent $1,300 +30.0% --
03/08/2021 03/08/21 Rented $1,000 0.0% --
03/01/2021 03/01/21 For Rent $1,000 +2.6% --
05/18/2020 05/18/20 Rented $975 0.0% --
05/17/2020 05/17/20 Under Contract -- -- --
05/13/2020 05/13/20 Price Changed $975 -2.5% $0 / Sq Ft
05/01/2020 05/01/20 Price Changed $1,000 +2.6% $0 / Sq Ft
04/27/2020 04/27/20 For Rent $975 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $12,728 $576,320 -- --
2024 $11,613 $576,320 -- --
2023 $11,613 $476,300 $0 $0
2022 $10,646 $433,000 $0 $0
2021 $10,394 $393,640 $0 $0
2020 $8,821 $434,730 $54,010 $380,720
2019 $7,644 $377,860 $54,010 $323,850
2018 $6,544 $319,220 $54,010 $265,210
2017 $6,070 $268,880 $0 $0
2016 $5,681 $244,440 $0 $0
2015 $4,931 $205,560 $0 $0
2014 -- $131,990 $0 $0
2013 -- $172,720 $54,010 $118,710
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2022

    Jorge Magana

    United Realty Group Inc

    (954) 450-2000

    3 Total Sales

    Section Image
  • Deolinda De Ornelas

    Tenant's Agent in 2022

    Deolinda De Ornelas

    United Realty Group Inc.

    (754) 213-3766

    18 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    Justin Gallegioni

    One Capital Holdings

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11180519

MIAMI REALTORS® MLS

APN: 49-42-34-04-5550

Florida Broward County Fort Lauderdale 33304 Lake Ridge

1028 NE 16th Terrace Unit 2, Fort Lauderdale, FL

This home is located at 1028 NE 16th Terrace Unit 2, Fort Lauderdale, FL 33304 since 26 March 2022 and is currently priced at $1,045,667. This property was built in 1957. 1028 NE 16th Terrace Unit 2 is a home located in Broward County with nearby schools including Bennett Elementary School, Sunrise Middle School, and Fort Lauderdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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