NOT LISTED FOR SALE

1416 SE 3rd Terrace Unit 1416/1418 Deerfield Beach, FL 33441

Fairlawn Neighborhood

Estimated Value: $511,656 - $608,000

4 Beds
2 Baths
1,912 Sq Ft
$301/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $580,000 $303 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,975/month

92 Days on Market

Highlights

  • Fruit Trees
  • Shed
  • Central Heating and Cooling System
  • Patio
  • Tile Flooring
  • 1-minute walk to Cornerstone Park

About This Home

As of November 2023

BIG UPDATE AND PRICE REDUCTION!! PERFECT OPPORTUNITY TO OWN WITH INSTANT INCOME!! Move right into fully renovated unit and rent out the 2nd unit with tenants in place. 1416 has been renovated with paint, brand new bathroom, new lighting, private fenced backyard with TURF. hot tub and fruit trees for shade.Both units have a possible 3rd bedroom/den and laundry room with W/D. CIRCULAR DRIVE with parking for 6 cars. Airbnbs also allowed in Deerfield. Only minutes to Deerfield Beach, shopping and restaurants at the COVE..

Last Agent to Sell the Property

Nancy Frey

Champagne & Parisi Real Estate License #706157 Listed on: 08/02/2023

Champagne & Parisi Real Estate

Last Buyer's Agent

Andrew Dittoe

MMLS Assoc.-Inactive Member License #3369646

MMLS Assoc.-Inactive Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,981

Year Built

  • Built in 1968

Lot Details

  • 7,231 Sq Ft Lot
  • Fruit Trees

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,912 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Outdoor Features

  • Patio
  • Shed

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 484307120990

Community Details

Overview

  • 2 Units
  • Fairlawn 1St Add Subdivision

Building Details

  • Operating Expense $20,000
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,981

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Federal Hwy to NE 54th street, west to SE THIRD TERR.
  • Year Built: 1968
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1912.0

Exterior Features

  • Exterior Features: Fruit Trees, Patio, Shed
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 484307120990
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 7231.0
  • Zoning Description: RM-10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 30000.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 20000.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7981.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2023
Closed on
Nov 3, 2023
Sold by
382 Ocean Ave Realty Trust
Bought by
Knight Michael John and Cidrim Jaqueline
Seller's Agent
Nancy Frey
Champagne & Parisi Real Estate
Buyer's Agent
Andrew Dittoe
MMLS Assoc.-Inactive Member
List Price
$609,000
Sold Price
$580,000
Premium/Discount to List
-$29,000
-4.76%
Views
169
Current Estimated Value
$575,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,836
Avg. Annual Appreciation
-0.46%
Original Mortgage
$569,494
Interest Rate
7.19%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 2022
Sold by
Tah 2017-2 Borrower Llc
Bought by
382 Ocean Avenue Realty Trust

Purchase Details

Closed on
May 12, 2015
Sold by
Sfrh Sf Rental Lp
Bought by
Tah 2015-1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,274
Interest Rate
3.79%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 5, 2012
Sold by
Cooper Margaret A
Bought by
Sfrh Sf Rental Lp

Purchase Details

Closed on
Nov 17, 1999
Sold by
Reinsch Carl B
Bought by
Cooper Margaret A
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
Knight Michael John $580,000 Spectrum Title Services
382 Ocean Avenue Realty Trust $479,000 Patch Reef Title
Tah 2015-1 Borrower Llc -- None Available
Sfrh Sf Rental Lp $107,600 None Available
Cooper Margaret A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knight Michael John $573,081
Closed Knight Michael John $569,494
Previous Owner Tah 2015-1 Borrower Llc $380,274
Previous Owner Cooper Margaret A $123,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2023 11/03/23 Sold $580,000 -2.5% $303 / Sq Ft
09/05/2023 09/05/23 Price Changed $595,000 -2.3% $311 / Sq Ft
08/22/2023 08/22/23 For Sale $609,000 0.0% $319 / Sq Ft
08/22/2023 08/22/23 Price Changed $609,000 +5.0% $319 / Sq Ft
08/03/2023 08/03/23 Off Market $580,000 -- --
08/02/2023 08/02/23 For Sale $619,000 -- $324 / 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 $10,096 $510,280 $50,620 $459,660
2024 $9,578 $500,780 $50,620 $450,160
2023 $9,578 $430,620 $50,620 $380,000
2022 $7,981 $360,470 $50,620 $309,850
2021 $7,437 $338,550 $50,620 $287,930
2020 $6,831 $309,320 $50,620 $258,700
2019 $6,690 $300,550 $50,620 $249,930
2018 $6,258 $287,390 $50,620 $236,770
2017 $5,483 $242,160 $0 $0
2016 $5,052 $220,150 $0 $0
2015 $3,732 $136,660 $0 $0
2014 -- $124,240 $0 $0
2013 -- $133,450 $50,620 $82,830
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nancy Frey

    Champagne & Parisi Real Estate

    (561) 703-4170

    2 in this area

    43 Total Sales

    Nancy Frey
    Section Image

  • A

    Buyer's Agent in 2023

    Andrew Dittoe

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10908939

BeachesMLS

APN: 48-43-07-12-0990

Florida Broward County Deerfield Beach 33441 Fairlawn

1416 SE 3rd Terrace Unit 1416/1418, Deerfield Beach, FL

This home is located at 1416 SE 3rd Terrace Unit 1416/1418, Deerfield Beach, FL 33441 since 02 August 2023 and is currently estimated at $575,164, approximately $300 per square foot. This property was built in 1968. 1416 SE 3rd Terrace Unit 1416/1418 is a home located in Broward County with nearby schools including Deerfield Beach Elementary School, Deerfield Beach Middle School, and Deerfield Beach 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.

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