NOT LISTED FOR SALE

Estimated Value: $1,716,478

6 Beds
4 Baths
3,275 Sq Ft
$524/Sq Ft Est. Value

Sale Details

Date Sold: September 1, 2022

Last sale price $1,870,000 $571 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $11,649 / mo

17 Days on Market

Highlights

  • New Construction
  • Marble Flooring
  • Central Air
  • In Ground Pool
  • No HOA
  • Ceiling Fan

About This Home

As of September 2022

*ALREADY PRODUCING $12,000 PER MONTH. BOTH UNITS RENTED* Collect rent from high quality tenants that make passive income a breeze. This duplex is now producing $12,000 a month. With a low initial tax basis, this property is destined to be a great investment. It has been extensively renovated and is basically brand new: new roof, new pool, new bathrooms, new tile. The below financials are already in place and end up at a cap rate of ~6.2%. Effortlessly get your cash into the mid teens when purchased with leverage. Monthly income: $12,000 Yearly property taxes $17,000 (includes post-purchase adjustment) Yearly insurance $4,000 Yearly utilities & misc costs $2,400 Total expenses $23,400 Total income $144,000 ***NOI $120,600*** @ ~6.1% cap rate = $1,970,000

Last Buyer's Agent

Maria Lea Plaza

LP Realty, LLC. License #3228685

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,214

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.34

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,275 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Marble
  • Ceramic Tile

Pool

  • In Ground Pool

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2050100370020

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Palmetto Duplexes Addn No Subdivision

Building Details

  • Gross Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,214

Year Built

Built in 2022 | New Construction

Lot Details

0.34 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 2022
  • New Construction: Yes
  • Structure Type: Duplex
  • DelayedMarketingYN: No
  • Special Features: 4098

Interior Features

  • Flooring: Ceramic Tile, Marble
  • Living Area: 3275.0
  • Stories: 1

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Property Condition: New Construction, Updated/Remodeled
  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Other, Separate Meters
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 2050100370020
  • Mobile Dim Units: Feet
  • Zoning: 5700

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12214.0

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 12000.0

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
Jul 18, 2022
Closed on
Aug 31, 2022
Sold by
Bought by
Buyer's Agent
Maria Lea Plaza
LP Realty, LLC.
List Price
$1,970,000
Sold Price
$1,870,000
Premium/Discount to List
-$100,000
-5.08%
Current Estimated Value
$1,716,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$153,522
Avg. Annual Appreciation
-2.15%

Purchase Details

Closed on
Jun 11, 2021
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
$500,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2017
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 2016
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
$315,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2006
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
$368,000
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 10, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,870,000 --
$850,000 Attorney
-- Attorney
$157,500 Attorney
$725,000 Attorney
$211,500 --
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
Previous Owner $500,000
Previous Owner $315,000
Previous Owner $368,000
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
09/01/2022 09/01/22 Sold $1,870,000 -5.1% $571 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $1,970,000 -- $602 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $26,573 $1,577,231
2024 $25,260 $1,433,847 $662,500 $771,347
2023 $25,260 $1,366,695 $587,500 $779,195
2022 $14,124 $735,137 $462,500 $272,637
2021 $12,214 $609,994 $400,000 $209,994
2020 $11,821 $586,714 $375,000 $211,714
2019 $11,907 $588,434 $375,000 $213,434
2018 $10,974 $552,916 $312,500 $240,416
2017 $10,850 $554,873 $0 $0
2016 $10,049 $482,290 $0 $0
2015 $9,293 $438,446 $0 $0
2014 $8,598 $398,588 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11239953

BeachesMLS (Greater Fort Lauderdale)

APN: 20-5010-037-0020

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