Seller's Agent in 2022
Annelle Ripple
Compass Florida LLC
(305) 321-8707
1 in this area
46 Total Sales
1541 NW 3rd Ave Unit A-B Fort Lauderdale, FL 33311
South Middle River NeighborhoodEstimated Value: $551,507 - $679,000
--
Bed
--
Bath
2,014
Sq Ft
$311/Sq Ft
Est. Value
Highlights
- Tile Flooring
- Ceiling Fan
- Fenced
- Central Heating and Cooling System
About This Home
As of October 2022Investment Opportunity in the South Middle River area of east Ft Lauderdale, ideal for a live-in & income situation, dual income units or AirBnb. Each unit in the duplex offers 2 bed/2 bath with a shared laundry room in the back. Unit A was updated a few years back to include new windows, Unit B has a long-term tenant who has been in place for over a decade and has not been updated. Both units have newer ACs which were replaced within the last 2-3 years. The age of the roof is unknown at this time. Rents are currently well below market value at $1,450 & $1,400, leases end 11/30/22 & 3/31/23. With a little TLC, these units can lease for well above $2,000/side. If considering the AirBnb route, units in the immediate area are going for $98-$218/night off season (check zoning)
Last Agent to Sell the Property
Compass Florida LLC License #3309123 Listed on: 08/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,285
Year Built
- Built in 1972
Lot Details
- Fenced
Home Design
- Duplex
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,014 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
Schools
- Sunrise Middle School
- Dillard 6-12 High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 494234016120
Community Details
Overview
- 2 Units
- Progresso Subdivision
Building Details
- Operating Expense $4,900
- Net Operating Income $30,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2022
Closed on
Oct 31, 2022
Sold by
Francois Boaz and Francois Berthe A
Bought by
Vasquez Gem and Pacheco Julio
Seller's Agent
Annelle Ripple
Compass Florida LLC
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,253
Avg. Annual Appreciation
4.52%
Original Mortgage
$412,500
Outstanding Balance
$401,691
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$219,894
Purchase Details
Closed on
Nov 28, 2017
Sold by
Little Acorn Developments Llc
Bought by
Francois Boaz and Sistrat Albert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,196
Interest Rate
3.88%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 14, 2013
Sold by
Diaz Bernardo J
Bought by
Little Acorn Developments Llc
Purchase Details
Closed on
Mar 11, 2003
Sold by
Dear Thomas H and Knapp Leith Patrick
Bought by
Carlin Gary S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,100
Interest Rate
6.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 27, 2002
Sold by
Bear Property Maintenance Inc
Bought by
Dear Thomas H and Knapp Leith Patrick
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
6.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 28, 2001
Sold by
Companion Mtg Corp
Bought by
Bear Property Maintenance Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.08%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 11, 2001
Sold by
Available Not
Bought by
Available Not
Purchase Details
Closed on
Jun 28, 1999
Sold by
Scott Warren
Bought by
Thomas Terry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
7.13%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vasquez Gem | $550,000 | Butler Title | |
| Francois Boaz | $210,000 | Title Alliance Of South Flor | |
| Little Acorn Developments Llc | $145,300 | Attorney | |
| Carlin Gary S | $189,000 | New World Title Company | |
| Dear Thomas H | $137,000 | -- | |
| Bear Property Maintenance Inc | $85,000 | Echevarria Title Llc | |
| Available Not | $10,000 | -- | |
| Thomas Terry | $165,000 | -- | |
| Scott Warren | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vasquez Gem | $412,500 | |
| Previous Owner | Francois Boaz | $14,197 | |
| Previous Owner | Francois Boaz | $206,196 | |
| Previous Owner | Diaz Bernardo | $227,300 | |
| Previous Owner | Carlin Gary S | $170,100 | |
| Previous Owner | Dear Thomas H | $109,600 | |
| Previous Owner | Bear Property Maintenance Inc | $85,000 | |
| Previous Owner | Scott Warren | $123,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2022 10/31/22 | Sold | $550,000 | -8.2% | $273 / Sq Ft |
| 08/07/2022 08/07/22 | For Sale | $599,000 | -- | $297 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $454,220 | $33,770 | $420,450 |
| 2024 | $10,515 | $493,740 | $33,770 | $459,970 |
| 2023 | $10,515 | $493,740 | $33,770 | $459,970 |
| 2022 | $6,938 | $297,780 | $0 | $0 |
| 2021 | $6,285 | $270,710 | $0 | $0 |
| 2020 | $5,720 | $255,070 | $33,770 | $221,300 |
| 2019 | $4,780 | $223,730 | $33,770 | $189,960 |
| 2018 | $4,209 | $203,640 | $33,770 | $169,870 |
| 2017 | $3,667 | $165,930 | $0 | $0 |
| 2016 | $3,471 | $150,850 | $0 | $0 |
| 2015 | $3,152 | $137,140 | $0 | $0 |
| 2014 | $2,941 | $124,680 | $0 | $0 |
| 2013 | -- | $75,680 | $33,770 | $41,910 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Mark Lue
Compass Florida LLC
(561) 809-8930
1 in this area
33 Total Sales
Map
Source: BeachesMLS
MLS Number: R10822868
APN: 49-42-34-01-6120
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