NOT LISTED FOR SALE

1640 SW 40th Terrace Fort Lauderdale, FL 33317

Broadview Park Neighborhood

Estimated Value: $467,000 - $542,000

2 Beds
-- Bath
1,268 Sq Ft
$390/Sq Ft Est. Value

Last Sold November 09, 2012

Last sale price $55,000 $43 Per Sq Ft

Est. 800% increase in value since last sale

Current estimated payment $3,068/month

12 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Wall Furnace

About This Home

As of November 2012

THIS 3/2 DUPLEX IN THE HEART OF FORT LAUDERDALE WILL NOT LAST! UNIT 1 IS A 1/1 & UNIT 2 IS A 2/1. GREAT INCOME INVESTMENT OPPORTUNITY! MUST SEE! NEEDS TLC. FOR SELLER FINANCING INCENTIVES, AGENTS & THEIR BUYERS ARE REQUESTED TO CONTACT OUR DESIGNATED CHAS E LOAN OFFICER. CALL THE LISTING AGENT FOR DETAILS.

Last Agent to Sell the Property

Emily Odak

Better Homes & Gdns RE Fla 1st License #3169728 Listed on: 09/27/2012

Better Homes & Gdns RE Fla 1st

Last Buyer's Agent

Emily Odak

Better Homes & Gdns RE Fla 1st

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,055

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,268 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • 4 Units
  • Collier Groves Subdivision

Listing and Financial Details

  • Assessor Parcel Number 504113020550

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1954
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1268.0

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available

Condo/Co-op/Association

  • HOA Rent Includes: None

Lot Info

  • Parcel #: 504113020550
  • Zoning Description: MULTI

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 2165.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2012
Closed on
Nov 9, 2012
Sold by
Meridian Trust Llc
Bought by
Yakut Properties Llc
Seller's Agent
Emily Odak
Better Homes & Gdns RE Fla 1st
Buyer's Agent
Emily Odak
Better Homes & Gdns RE Fla 1st
List Price
$65,340
Sold Price
$55,000
Premium/Discount to List
-$10,340
-15.82%
Current Estimated Value
$494,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,896
Avg. Annual Appreciation
18.46%

Purchase Details

Listed on
Sep 27, 2012
Closed on
Nov 5, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Meridian Trust Llc
Seller's Agent
Emily Odak
Better Homes & Gdns RE Fla 1st
Buyer's Agent
Emily Odak
Better Homes & Gdns RE Fla 1st
List Price
$65,340
Sold Price
$55,000
Premium/Discount to List
-$10,340
-15.82%

Purchase Details

Closed on
Aug 7, 2012
Sold by
Fletcher Ronald Anthony and Fletcher Sonia A
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Mar 1, 2011
Sold by
Fletcher Ronald A and Fletcher Sonia A
Bought by
Deutsche National Trust Company

Purchase Details

Closed on
Oct 13, 2006
Sold by
1640 Sw 40Th Terrace Llc
Bought by
Fletcher Ronald and Fletcher Sonia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 26, 2005
Sold by
Fletcher Ronald and Fletcher Sonia A
Bought by
1650 Sw 40Th Terrace Llc

Purchase Details

Closed on
Oct 6, 2004
Sold by
Smg Investments Llc
Bought by
Fletcher Ronald and Fletcher Sonia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
8.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2004
Sold by
Gitlan Scott
Bought by
Smg Investments Llc

Purchase Details

Closed on
Oct 7, 2003
Sold by
Ruslo Inc
Bought by
Gitlan Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
6.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 1997
Sold by
Glendale Federal Bank
Bought by
R A B Of South Florida Inc

Purchase Details

Closed on
Aug 25, 1997
Sold by
Clerk Of The Court
Bought by
Glendale Federal Bank Fsb
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
Yakut Properties Llc $67,000 None Available
Meridian Trust Llc $55,000 First International Title
Deutsche Bank National Trust Company $65,100 None Available
Deutsche National Trust Company $54,400 None Available
Fletcher Ronald -- Attorney
1650 Sw 40Th Terrace Llc -- --
Fletcher Ronald $170,000 Town & Country Title Guarant
Smg Investments Llc -- --
Gitlan Scott $102,500 Town & Country Title Guarant
R A B Of South Florida Inc $38,500 --
Glendale Federal Bank Fsb $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fletcher Ronald $208,000
Previous Owner Fletcher Ronald $153,000
Previous Owner Gitlan Scott $82,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2012 11/09/12 Sold $55,000 -15.8% $43 / Sq Ft
10/10/2012 10/10/12 Pending -- -- --
09/27/2012 09/27/12 For Sale $65,340 -- $52 / 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 $5,583 $203,170 -- --
2024 $5,061 $203,170 -- --
2023 $5,061 $167,910 $0 $0
2022 $4,720 $152,650 $0 $0
2021 $4,149 $138,780 $0 $0
2020 $3,715 $172,620 $18,150 $154,470
2019 $3,402 $149,980 $18,150 $131,830
2018 $3,309 $163,040 $18,150 $144,890
2017 $2,960 $94,800 $0 $0
2016 $2,825 $86,190 $0 $0
2015 $2,545 $78,360 $0 $0
2014 $2,415 $71,240 $0 $0
2013 -- $66,140 $18,150 $47,990
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    Emily Odak

    Better Homes & Gdns RE Fla 1st

    (954) 330-5321

    1 in this area

    55 Total Sales

    Emily Odak
    Section Image

  • E

    Buyer's Agent in 2012

    Emily Odak

    Better Homes & Gdns RE Fla 1st

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1206485

BeachesMLS (Greater Fort Lauderdale)

APN: 50-41-13-02-0550

Florida Broward County Fort Lauderdale 33317 Broadview Park

1640 SW 40th Terrace, Fort Lauderdale, FL

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