NOT LISTED FOR SALE

1516 NW 7th Ave Unit 1-2 Fort Lauderdale, FL 33311

South Middle River Neighborhood

Estimated Value: $412,283 - $561,000

3 Beds
2 Baths
1,430 Sq Ft
$354/Sq Ft Est. Value

Last Sold June 12, 2018

Last sale price $255,000 $178 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,297/month

272 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Fenced
  • Central Heating and Cooling System

About This Home

As of June 2018

Great location minutes to downtown Fort Lauderdale and the Beaches.Great for investor both units rented Large back yard.Washer and Dryer in separate room Two parking spaces per unit. Central air both units No HOA.

Last Agent to Sell the Property

Tracey Demaris

Re/Max Direct License #3256200 Listed on: 08/13/2017

Re/Max Direct

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,449

Year Built

  • Built in 1965

Lot Details

  • 6,752

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,430 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds

Flooring

  • Wood
  • Laminate

Additional Features

  • Fenced
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Progresso 2 18 D Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494234015580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,449

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Oakland Park turn left onto 31st , turn right onto 9th ave, turn left on nw 16th st, turn right onto nw 7th ave
  • Year Built: 1965
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate, Other, Wood
  • Living Area: 1430.0
  • Window Features: Blinds

Exterior Features

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 494234015580
  • Zoning Description: MULTI

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2449.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2021
Sold by
Errol Flynn Sr
Bought by
Pouncy Ashlee Antionette
Current Estimated Value
$505,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,207
Outstanding Balance
$337,224
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$168,347

Purchase Details

Listed on
Aug 13, 2017
Closed on
Jun 7, 2018
Sold by
Pare Penny
Bought by
Flynn Errol
Seller's Agent
Tracey Demaris
Re/Max Direct
List Price
$269,500
Sold Price
$255,000
Premium/Discount to List
-$14,500
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$250,381
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 2005
Sold by
Destin Nicles and Destin Marie G
Bought by
Pare Penny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,425
Interest Rate
5.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2003
Sold by
Robertson Michael and Robertson Lisa
Bought by
Destin Nicles and Destin Marie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 1999
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Apr 24, 1995
Sold by
E M C Mtg Corp
Bought by
Robertson Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,400
Interest Rate
8.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1994
Sold by
Clerk Of Circuit Court
Bought by
E M C Mtg Corp
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
Pouncy Ashlee Antionette $375,000 Kymberlee Curry Smith Pa
Flynn Errol $255,000 Supreme Title & Escrow Of Mi
Pare Penny $269,500 Expert Title Company
Destin Nicles $155,000 Title Partners Of S Fl Inc
Available Not $10,000 --
Robertson Michael E $46,000 --
E M C Mtg Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pouncy Ashlee Antionette $368,207
Previous Owner Flynn Errol $255,138
Previous Owner Flynn Errol $250,381
Previous Owner Pare Penny $40,425
Previous Owner Pare Penny $215,600
Previous Owner Destin Nicles $124,000
Previous Owner Robertson Michael $116,000
Previous Owner Robertson Michael E $41,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2018 06/12/18 Sold $255,000 -5.4% $178 / Sq Ft
05/13/2018 05/13/18 Pending -- -- --
08/13/2017 08/13/17 For Sale $269,500 -- $188 / 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 $7,525 $400,450 -- --
2024 $7,180 $377,690 -- --
2023 $7,180 $357,690 $0 $0
2022 $6,722 $342,990 $0 $0
2021 $5,024 $248,460 $0 $0
2020 $4,729 $236,770 $0 $0
2019 $4,127 $229,540 $33,770 $195,770
2018 $2,759 $157,000 $33,770 $123,230
2017 $2,572 $96,050 $0 $0
2016 $2,449 $87,320 $0 $0
2015 $2,217 $79,390 $0 $0
2014 $2,084 $72,180 $0 $0
2013 -- $70,010 $33,770 $36,240
Source: Public Records

Agents Affiliated with this Home

  • Tracey Demaris

    Seller's Agent in 2018

    Tracey Demaris

    RE/MAX

    (561) 340-1428

    80 Total Sales

    Tracey Demaris
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Map

Source: BeachesMLS

MLS Number: R10358567

BeachesMLS

APN: 49-42-34-01-5580

Florida Broward County Fort Lauderdale 33311 South Middle River

1516 NW 7th Ave Unit 1-2, Fort Lauderdale, FL

This home is located at 1516 NW 7th Ave Unit 1-2, Fort Lauderdale, FL 33311 since 13 August 2017 and is currently estimated at $505,571, approximately $353 per square foot. This property was built in 1965. 1516 NW 7th Ave Unit 1-2 is a home located in Broward County with nearby schools including Thurgood Marshall Elementary School, Sunrise Middle School, and Dillard 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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