$325,000
SOLD APR 30, 2015
-- Bed
-- Bath
2,086 Sq Ft
1987 Built

Recently Sold

$156 Per Sq Ft

7% Below List Price

195 Days on Market

Highlights

  • Room in yard for a pool
  • No HOA
  • Central Air
  • Deck
  • Ceramic Tile Flooring
  • 4-minute walk to Sailboat Bend Preserve

About This Home

As of April 2015

Recently renovated triplex in the heart of Fort Lauderdale in historic Sailboat Bend. Property in excellent condition just minutes from Las Olas, Downtown FLL, and Riverfront commercial areas. Excellent investment opportunity with great cap rate and co in laundry for additional income. All units 2 bedroom 1 bathroom with central AC fully rented.

Last Agent to Sell the Property

Jorge Zea

MMLS Assoc.-Inactive Member License #3015804 Listed on: 09/11/2014

Last Buyer's Agent

Non Fll Agent

NON FLL OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,694

Year Built

  • Built in 1987

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,086 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows
  • Blinds
  • Ceramic Tile Flooring

Outdoor Features

  • Room in yard for a pool
  • Deck

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Total Actual Rent $34,200
  • Rent includes rent incl
  • Assessor Parcel Number 504209091071

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Waverly Place 2 19 D Condos
  • Waverly Place 2 19 D Subdivision

Building Details

  • Operating Expense $7,872
  • Net Operating Income $26,328

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,694

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1987
  • Property Sub Type: Triplex
  • Architectural Style: Detached
  • Directions: FROM 95 EXIT BROWARD BLVD EAST -RIGHT ON 14TH AVE -LEFT ON 2ND COURT (MIDDLE ST) -PROPERTY ON RIGHT 3 BLOCKS DOWN
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: WAVERLY PLACE 2-19 D
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 2086
  • Possible Use: Unknown/Withheld
  • Stories: 1
  • Window Features: Hurricane Shutters, Blinds, Single Hung Metal

Exterior Features

  • Roof: Shingle
  • Exterior Features: Room For Pool
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: WAVERLY PLACE 2-19 D
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 504209091071
  • Zoning: MULTI
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Multi Family

  • Net Operating Income: 26328
  • Number Of Units In Community: 4
  • Number Of Units Total: 3
  • Annual Operating Expense: 7872
  • Total Actual Rent: 34200

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2694

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2014
Closed on
Apr 30, 2015
Sold by
Funkey Kevin
Bought by
Satterfield Michael E
Seller's Agent
Jorge Zea
MMLS Assoc.-Inactive Member
Buyer's Agent
Non Fll Agent
NON FLL OFFICE
List Price
$349,000
Sold Price
$325,000
Premium/Discount to List
-$24,000
-6.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%
Original Mortgage
$319,113
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 2009
Sold by
Rabinowitz Robert K
Bought by
Funkey Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,631
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 2002
Sold by
Louis Jeannette Bienamie
Bought by
Louis Trust and Rabinowitz Robert

Purchase Details

Closed on
Jun 1, 1986
Sold by
Available Not
Bought by
Available Not
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $325,000 Stewart Title Company
Warranty Deed $186,000 Attorney
Deed -- --
Warranty Deed $70,643 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $317,000 New Conventional
Closed $9,331 FHA
Closed $319,113 FHA
Previous Owner $182,631 FHA
Previous Owner $112,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/04/2025 07/04/25 For Sale $925,000 +184.6% $453 / Sq Ft
04/30/2015 04/30/15 Sold $325,000 -6.9% $156 / Sq Ft
03/25/2015 03/25/15 Pending -- -- --
09/11/2014 09/11/14 For Sale $349,000 -- $167 / 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 $8,772 $433,510 -- --
2024 $8,281 $426,570 -- --
2023 $8,281 $372,620 $0 $0
2022 $7,570 $346,210 $0 $0
2021 $6,888 $322,040 $0 $0
2020 $6,683 $312,290 $0 $0
2019 $5,921 $329,430 $0 $0
2018 $5,157 $290,920 $0 $0
2017 $4,834 $260,820 $0 $0
2016 $4,647 $244,540 $0 $0
2015 $4,551 $195,270 $0 $0
2014 $4,221 $177,520 $0 $0
2013 -- $149,000 $19,500 $129,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2004330

MIAMI REALTORS® MLS

APN: 50-42-09-09-1071