Seller's Agent in 2021
Erin Marvasti
Reaction Realty Group, Inc.
(954) 709-0192
2 in this area
92 Total Sales
1137 SW 8th Terrace Fort Lauderdale, FL 33315
Tarpon River NeighborhoodEstimated Value: $661,240 - $734,000
3
Beds
2
Baths
1,596
Sq Ft
$441/Sq Ft
Est. Value
Highlights
- Above Ground Pool
- No HOA
- Tile Flooring
- Deck
- High Impact Windows
- 1-minute walk to Tarpon Cove Park
About This Home
As of May 2021Great opportunity to own a Turnkey investment in the heart of desirable Tarpon River. Three separate 1 bedroom units make up this non-conforming triplex. All units have fully updated kitchens. Front unit has a separate entrance with a private courtyard. New roof, impact windows installed in 2020. Mini-split AC systems in all units. Gas HWS. 200A electric service. PVC pipes throughout. Property has an active vacation rental license in place and is operating as the "Blue House" with adjacent property at 817 SW 12th Street -separate listing. Property can be purchased separate or combined. Currently all units are rented on a month-month basis with GMR $4500 per property. Can easily be converted back to short term/AirBnB operation. Financials for business operation available on request.
Last Agent to Sell the Property
Reaction Realty Group, Inc. License #3062492 Listed on: 01/28/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,950
Year Built
- Built in 1950
Lot Details
- 6,316
Parking
- 5 Parking Spaces
Home Design
- Triplex
- Substantially Remodeled
- Shingle Roof
Interior Spaces
- 1,596 Sq Ft Home
- 1-Story Property
- Blinds
- Tile Flooring
- High Impact Windows
Eco-Friendly Details
- Energy-Efficient Windows
- Energy-Efficient HVAC
- Energy-Efficient Insulation
- Energy-Efficient Doors
Pool
- Above Ground Pool
- Room in yard for a pool
Utilities
- Zoned Heating and Cooling
- Generator Hookup
Additional Features
- Deck
- Fenced
Listing and Financial Details
- Total Actual Rent $50,400
- Rent includes electricity, gas, gardener, pest control, sewer, trash collection, water
- Assessor Parcel Number 504210740370
Community Details
Overview
- No Home Owners Association
- 3 Units
- Vinik No 2 Condos
- Vinik No 2 Subdivision
Amenities
- Laundry Facilities
Building Details
- Operating Expense $15,360
- Net Operating Income $35,040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 28, 2021
Closed on
Apr 14, 2021
Sold by
Color Houses Group Inc
Bought by
Kj 4 Investment Llc
Seller's Agent
Erin Marvasti
Reaction Realty Group, Inc.
Buyer's Agent
Natalie Rivero
Lifestyle International Realty
List Price
$559,000
Sold Price
$497,500
Premium/Discount to List
-$61,500
-11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,153
Avg. Annual Appreciation
8.85%
Purchase Details
Closed on
Mar 22, 2018
Sold by
Guy Christie Glendenning and Guy Mari Louis
Bought by
Color Houses Group Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
7.35%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 11, 2003
Sold by
Campbell Theresa A
Bought by
Guy Christie Glendenning and Guy Mari Louis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,900
Interest Rate
5.62%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Dec 28, 2001
Sold by
Campbell Theresa A and Campbell Robert
Bought by
Campbell Theresa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.08%
Purchase Details
Closed on
Jul 3, 1999
Sold by
Wright Susan D and Wright Frederick M
Bought by
Campbell Theresa A and Campbell Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,250
Interest Rate
7.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 2, 1996
Sold by
Gilbert Robert G and Gilbert Trudi A
Bought by
Wright Susan D and Wright Frederick M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
8.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 22, 1995
Sold by
Yen Frances E and Na Chu Joanna Hai
Bought by
Gilbert Robert G and Gilbert Trudi A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,100
Interest Rate
8.81%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kj 4 Investment Llc | $497,500 | Closers Title Insurance Co | |
| Color Houses Group Inc | $285,000 | Team Title Usa Llc | |
| Guy Christie Glendenning | $237,000 | -- | |
| Campbell Theresa | -- | Sunbelt Title Agency | |
| Campbell Theresa A | $123,000 | -- | |
| Wright Susan D | $95,000 | -- | |
| Gilbert Robert G | $78,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kj 4 Investment Llc | $314,000 | |
| Previous Owner | Color Houses Group Inc | $199,500 | |
| Previous Owner | Guy Christie Glendenning | $247,000 | |
| Previous Owner | Guy Christie Glendenning | $165,900 | |
| Previous Owner | Campbell Theresa | $110,000 | |
| Previous Owner | Wright Susan D | $92,250 | |
| Previous Owner | Wright Susan D | $85,500 | |
| Previous Owner | Gilbert Robert G | $74,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2021 05/28/21 | Sold | $497,500 | -11.0% | $312 / Sq Ft |
| 04/26/2021 04/26/21 | Pending | -- | -- | -- |
| 01/13/2021 01/13/21 | For Sale | $559,000 | 0.0% | $350 / Sq Ft |
| 04/20/2016 04/20/16 | For Rent | $2,000 | +5.3% | -- |
| 04/20/2016 04/20/16 | Rented | $1,900 | -- | -- |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $10,681 | $540,690 | $44,100 | $496,590 |
| 2024 | $10,807 | $540,690 | $44,100 | $496,590 |
| 2023 | $10,807 | $541,260 | $44,100 | $497,160 |
| 2022 | $10,095 | $513,690 | $44,100 | $469,590 |
| 2021 | $7,723 | $380,400 | $0 | $0 |
| 2020 | $6,950 | $345,820 | $44,100 | $301,720 |
| 2019 | $7,673 | $396,130 | $44,100 | $352,030 |
| 2018 | $5,824 | $353,300 | $44,100 | $309,200 |
| 2017 | $5,215 | $255,730 | $0 | $0 |
| 2016 | $4,910 | $232,490 | $0 | $0 |
| 2015 | $4,760 | $211,360 | $0 | $0 |
| 2014 | $4,187 | $192,150 | $0 | $0 |
| 2013 | -- | $193,190 | $44,100 | $149,090 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2021
Natalie Rivero
Lifestyle International Realty
(305) 450-2987
1 in this area
51 Total Sales
-
M
Seller's Agent in 2016
Matthew Grant
Inactive member
-
P
Buyer's Agent in 2016
Pablo Martin
Better Homes & Gdns RE Fla 1st
-
P
Buyer's Agent in 2016
Pablo Martin
NextHome Realty Professionals
(754) 234-6207
1 in this area
99 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A10982311
APN: 50-42-10-74-0370
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