NOT LISTED FOR SALE

1220 NE 5th Terrace Fort Lauderdale, FL 33304

Middle River Terrace Neighborhood

Estimated Value: $685,453 - $880,000

4 Beds
4 Baths
2,696 Sq Ft
$287/Sq Ft Est. Value

Last Sold July 19, 2016

Last sale price $330,000 $122 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $5,176/month

54 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Fenced
  • Fort Lauderdale High School Rated A
  • Central Heating

About This Home

As of July 2016

GREAT INVESTMENT OPPORTUNITY!!!!!!WELL MAINTAINED 4 UNIT APARTMENT BUILDING IN THE HEART OF FORT LAUDERDALE. CLOSE TO HOME DEPOT, SHOPPING, BEACHES, HIGHWAYS, PUBLIC TRANSPORTATION AND DOWNTOWN. ALL UNITS ARE 2 BEDROOMS AND 1 BATH, TILED FLOORS, WINDOW A/C, APPLIANCES. RENTS ARE BELOW MARKET, OPPORTUNITY FOR NEW OWNER TO RAISE RENT TO MARKET VALUE. MOST TENANT ARE THERE 5 PLUS YEARS.ANNUAL GROSS INCOME:$35,600PROPERTY TAXES:$4,161, GARBAGE & RECYCLE:$2,179 YRLY WATER & SEWER:$3,000/YR INSURANCE:$3,998

Last Agent to Sell the Property

Sue Singh

United Realty Group Inc License #686540 Listed on: 04/25/2016

United Realty Group Inc

Last Buyer's Agent

Joel Mac Intosh

FBS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,161

Year Built

  • Built in 1967

Lot Details

  • 6,753 Sq Ft Lot
  • Fenced

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,696 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $35,600
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 494234031910

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure
  • 4 Units
  • Progresso Subdivision

Building Details

  • Operating Expense $13,338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,161

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: SUNRISE BLVD EAST TO NE 4TH AVE, NORTH TO NE 13TH ST, MAKE RIGHT TO NE 5TH TER, BUILDING ON LEFT.
  • Year Built: 1967
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2696.0

Exterior Features

  • Exterior Features: Fence
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick Veneer, Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Cable TV
  • Senior Community: No
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Maintenance Grounds, Maintenance Structure

Lot Info

  • Parcel #: 494234031910
  • Lot Size Sq Ft: 6753.0
  • Zoning Description: S-GEN
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4161.0

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 13338.0
  • Total Actual Rent: 35600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2016
Closed on
Jul 19, 2016
Sold by
Debidin Berton W and Debidin Basmattie L
Bought by
Choy Jason Yip
Seller's Agent
Sue Singh
United Realty Group Inc
Buyer's Agent
Joel Mac Intosh
FBS
List Price
$395,000
Sold Price
$330,000
Premium/Discount to List
-$65,000
-16.46%
Current Estimated Value
$757,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,143
Avg. Annual Appreciation
9.59%

Purchase Details

Closed on
Oct 25, 2002
Sold by
Gordon Michael Eric
Bought by
Debidin Berton W and Debidin Basmattie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2002
Sold by
Neitzel Jason
Bought by
Debidin Berton W and Debidin Basmattie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2002
Sold by
Burn Llc
Bought by
Neitzel Jason and Gordon Michael

Purchase Details

Closed on
Jun 19, 2002
Sold by
Hilaire Auriole
Bought by
Burn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,796
Interest Rate
11%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 1996
Sold by
Vital and Philistin Idora Philistin
Bought by
Hilaire Auriole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.74%
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
Choy Jason Yip $330,000 Kpc Title Agency Llc
Debidin Berton W $279,000 First American Title Ins Co
Debidin Berton W -- First American Title Ins Co
Debidin Berton W -- First American Title Ins Co
Neitzel Jason -- --
Burn Llc $170,000 The John Galt Title Company
Hilaire Auriole $124,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Debidin Berton W $223,200
Previous Owner Burn Llc $175,796
Previous Owner Hilaire Auriole $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2016 07/19/16 Sold $330,000 -16.5% $122 / Sq Ft
06/19/2016 06/19/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $395,000 -- $147 / Sq Ft
Source: BeachesMLS

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 $12,374 $599,310 -- --
2024 $11,888 $599,230 $40,520 $558,710
2023 $11,888 $495,300 $0 $0
2022 $10,777 $450,280 $0 $0
2021 $9,490 $409,350 $0 $0
2020 $8,585 $372,140 $40,520 $331,620
2019 $8,229 $405,020 $40,520 $364,500
2018 $7,040 $340,220 $40,520 $299,700
2017 $6,509 $296,890 $0 $0
2016 $4,447 $130,110 $0 $0
2015 $4,161 $118,290 $0 $0
2014 $3,318 $107,540 $0 $0
2013 -- $117,530 $40,520 $77,010
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sue Singh

    United Realty Group Inc

    (954) 450-2000

    40 Total Sales

    Section Image

  • J

    Buyer's Agent in 2016

    Joel Mac Intosh

    FBS

See All Agents

Map

Source: BeachesMLS

MLS Number: R10229143

BeachesMLS

APN: 49-42-34-03-1910

Florida Broward County Fort Lauderdale 33304 Middle River Terrace

1220 NE 5th Terrace, Fort Lauderdale, FL

This home is located at 1220 NE 5th Terrace, Fort Lauderdale, FL 33304 since 25 April 2016 and is currently estimated at $774,113, approximately $287 per square foot. This property was built in 1967. 1220 NE 5th Terrace is a home located in Broward County with nearby schools including North Side 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.

BeachesMLS 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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