NOT LISTED FOR SALE

1037 SW 3rd St Hallandale Beach, FL 33009

Southwest Lakes Neighborhood

Estimated Value: $434,848 - $684,000

4 Beds
2 Baths
1,612 Sq Ft
$365/Sq Ft Est. Value

Last Sold November 22, 2013

Last sale price $181,000 $112 Per Sq Ft

Est. 225% increase in value since last sale

Current estimated payment $3,830/month

115 Days on Market

Highlights

  • Lake Front
  • No HOA
  • Tile Flooring
  • Newly Remodeled
  • Patio
  • Central Heating and Cooling System

About This Home

As of November 2013

Rare opportunity to own waterfront income property. Well maintained two unit building with long-term tenants. Both units are 2 beds 1 bath with central air, tile floors, and private fenced yards and in unit laundry room. There are four parking spaces. Ove r 8% cap rate.

Last Agent to Sell the Property

Charles Morganstern

Vanguard Properties International License #0674419 Listed on: 07/19/2013

Vanguard Properties International

Last Buyer's Agent

Lucas Torroija

DecoNova International Group License #3180577

DecoNova International Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,821

Year Built

  • Built in 1960 | Newly Remodeled

Lot Details

  • 30 Ft Wide Lot
  • Lake Front
  • Fenced

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Composition Roof
  • Concrete Roof
  • Concrete Block And Stucco Construction
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,612 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring

Outdoor Features

  • Access To Lake
  • Patio

Additional Features

  • Flood Zone Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Sunset Lake Park 48 46 B Condos
  • Sunset Lake Park 48 46 B Subdivision

Listing and Financial Details

  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 514228340390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,821

Year Built

Built in 1960 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1960
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Directions: I-95 TO HALLANDALE BEACH BLVD EXIT. HEAD EAST TO FIRST STOPLIGHT TURN RIGHT. 1ST STREET TURN RIGHT AGAIN TILL DEAD END TURN LEFT TO SW 3RD STREET PROPERTY IS IN THE MIDDLE OF BLOCK.
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: SUNSET LAKE PARK 48-46 B
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Tile
  • Living Area: 1612
  • Possible Use: Unknown/Withheld
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Roof: Composition Roll, Concrete
  • Construction Type: CBS Construction, Pre-Cast Concrete Construction
  • Disclosures: Disclosure
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Flood Zone Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront Features: Lake, Lake Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: SUNSET LAKE PARK 48-46 B
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • 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: 514228340390
  • Zoning: RESI
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1821

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2003
Sold by
Rawis William B and Rawis Marcie W
Bought by
Morganstern Charles
Current Estimated Value
$588,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Outstanding Balance
$82,374
Interest Rate
6%
Mortgage Type
Commercial
Estimated Equity
$511,262

Purchase Details

Closed on
May 19, 1995
Sold by
Mazzetti Alfred and Mazzetti Arlene
Bought by
Rawls William B and Rawls Marcie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,100
Interest Rate
8.22%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 1986
Sold by
Available Not
Bought by
Available Not
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
Morganstern Charles $190,000 Aventura Title Services Inc
Rawls William B $80,200 --
Available Not $28,571 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morganstern Charles $171,000
Previous Owner Rawls William B $56,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2013 11/22/13 Sold $181,000 -15.8% $112 / Sq Ft
11/09/2013 11/09/13 Pending -- -- --
07/17/2013 07/17/13 For Sale $215,000 -- $133 / Sq Ft
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 $8,301 $364,660 -- --
2024 $7,445 $364,660 -- --
2023 $7,445 $301,380 $0 $0
2022 $6,780 $273,990 $0 $0
2021 $5,866 $249,090 $0 $0
2020 $5,250 $233,710 $36,000 $197,710
2019 $4,802 $205,870 $36,000 $169,870
2018 $5,145 $240,130 $36,000 $204,130
2017 $4,409 $211,320 $0 $0
2016 $4,121 $192,110 $0 $0
2015 $3,499 $160,440 $0 $0
2014 $3,126 $145,860 $0 $0
2013 -- $87,590 $36,000 $51,590
Source: Public Records

Agents Affiliated with this Home

  • Charles Morganstern

    Seller's Agent in 2013

    Charles Morganstern

    Vanguard Properties International

    (305) 725-4082

    59 Total Sales

    Charles Morganstern
    Section Image
  • Lucas Torroija

    Buyer's Agent in 2013

    Lucas Torroija

    DecoNova International Group

    (786) 547-3710

    11 Total Sales

    Lucas Torroija
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1816676

MIAMI REALTORS® MLS

APN: 51-42-28-34-0390

Florida Broward County Hallandale Beach 33009 Southwest Lakes

1037 SW 3rd St, Hallandale Beach, FL

This home is located at 1037 SW 3rd St, Hallandale Beach, FL 33009 since 19 July 2013 and is currently estimated at $588,962, approximately $365 per square foot. This property was built in 1960. 1037 SW 3rd St is a home located in Broward County with nearby schools including Gulfstream Academy of Hallandale Beach, Hallandale High School, and South Broward Montessori Charter School.

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