$470,000
SOLD SEP 13, 2019
-- Bed
-- Bath
2,080 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$226 Per Sq Ft

3% Below List Price

62 Days on Market

Highlights

  • Deck
  • Central Heating and Cooling System
  • 1-minute walk to Townsend Park
  • Tile Flooring
  • Fenced

About This Home

As of September 2019

Easy to run duplex offering 6%+ cap rate! Each unit is 3 bedrooms, 2 bathrooms, and currently have tenants. Located minutes from Downtown Fort Lauderdale in Sailboat Bend. Each unit has a fenced yard. Units are separately metered for both electric and water, which tenants pay. Both units have been renovated, each unit has a washer and dryer in the unit. Central air conditioning in both units. Plenty of parking for tenants. Possible owner finance. Very predicable on the expense side as tenants pay the utilities!

Last Agent to Sell the Property

Casey Prindle

Keller Williams Realty Jupiter License #3223583 Listed on: 06/12/2019

Keller Williams Realty Jupiter

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,139

Year Built

  • Built in 1970

Parking

  • 8 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property
  • Blinds

Flooring

  • Laminate
  • Tile

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Deck
  • Fenced

Listing and Financial Details

  • Total Actual Rent $43,800
  • Rent includes gardener, trash collection
  • Assessor Parcel Number 504209180410

Community Details

Overview

  • 2 Units
  • River Highlands Amd Subdivision

Building Details

  • Net Operating Income $30,561

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,139

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Broward Blvd, take a right just before the police station.
  • Year Built: 1970
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Laminate, Tile
  • Living Area: 2080.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Deck, Fence, Lighting
  • Lot Features: Rectangular Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Trash Collection

Lot Info

  • Parcel #: 504209180410
  • Zoning Description: RML-25

Multi Family

  • Property Net Operating Income: 30561.0
  • Number Of Units Total: 2
  • Total Actual Rent: 43800.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 8139.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2019
Closed on
Sep 12, 2019
Sold by
Colonna Michael L and Farner Nancy Colonna
Bought by
Ramirez Manuel A and Gazmuri Veronica
Seller's Agent
Casey Prindle
Keller Williams Realty Jupiter
List Price
$484,500
Sold Price
$470,000
Premium/Discount to List
-$14,500
-2.99%
Current Estimated Value
$715,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,216
Avg. Annual Appreciation
8.44%
Original Mortgage
$341,250
Outstanding Balance
$302,725
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$462,864

Purchase Details

Closed on
Jun 27, 2015
Sold by
Zedd Holdings Llc
Bought by
Maria Colonna Family Trust and Farner Nancy Colonna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 4, 2013
Closed on
Oct 9, 2013
Sold by
Broman Redler Feld Investments Llc
Bought by
Zedd Holdings Llc
Seller's Agent
Kevin Barber
MMLS Assoc.-Inactive Member
Buyer's Agent
Kevin Barber
MMLS Assoc.-Inactive Member
List Price
$350,000
Sold Price
$290,000
Premium/Discount to List
-$60,000
-17.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%

Purchase Details

Closed on
Jun 14, 2013
Sold by
Heard Maureen J
Bought by
Broman Redler Feld Investments Llc

Purchase Details

Closed on
Apr 20, 2007
Sold by
David Steven J
Bought by
Heard Maureen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
8.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 13, 1999
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
May 1, 1987
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

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Rented $1,995 0.0% --
01/27/2021 01/27/21 Price Changed $1,995 -0.3% $1 / Sq Ft
01/07/2021 01/07/21 For Rent $2,000 0.0% --
09/13/2019 09/13/19 Sold $470,000 -3.0% $226 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $484,500 +67.1% $233 / Sq Ft
10/17/2013 10/17/13 Sold $290,000 -17.1% $139 / Sq Ft
10/17/2013 10/17/13 Pending -- -- --
09/03/2013 09/03/13 For Sale $350,000 -- $168 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $10,443 $509,380 -- --
2024 $9,147 $509,380 $20,790 $400,200
2023 $9,147 $420,990 $20,790 $400,200
2022 $8,373 $390,410 $20,790 $369,620
2021 $9,107 $430,600 $20,790 $409,810
2020 $9,065 $430,600 $20,790 $409,810
2019 $5,946 $286,460 $20,790 $265,670
2018 $8,139 $420,120 $20,790 $399,330
2017 $7,623 $384,830 $0 $0
2016 $7,178 $349,850 $0 $0
2015 $6,071 $283,430 $0 $0
2014 $5,597 $257,670 $0 $0
2013 -- $128,450 $20,790 $107,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10180336

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-09-18-0410