NOT LISTED FOR SALE

171 S Broadway Lantana, FL 33462

Estimated Value: $627,017 - $738,000

5 Beds
4 Baths
2,370 Sq Ft
$287/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $400,000 $169 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,661/month

366 Days on Market

Highlights

  • Outdoor Living Area
  • No HOA
  • Ceramic Tile Flooring
  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of July 2017

Four well maintained units located in the heart of fast growing Lantana. Corner property with great exposure. Always rented with never a vacancy. CBS with hurricane panels. Eight parking spaces. Five electric meters. Separate coin operated laundry room for all 4 units, the income from those machines is not included in the gross rent which adds additional income of approximately $ 100.00 a month. Low cost of operation.

Last Agent to Sell the Property

Daryl Bush

Daryl G. Bush Realty Inc. License #349645 Listed on: 05/01/2017

Last Buyer's Agent

Martin Goldstein

MRG Associates LLC License #3263158

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,137

Year Built

  • Built in 1965

Lot Details

  • 7,783 Sq Ft Lot
  • Corner Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4 Bathrooms
  • 2,370 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows
  • Ceramic Tile Flooring

Outdoor Features

  • Outdoor Living Area

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 40434503100130010

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lantana Amended Plat Subdivision

Building Details

  • Gross Income $45,000
  • Net Operating Income $33,362

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,137

Year Built

Built in 1965

Lot Details

7,783 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: Exit I-95 on W. Lantana Rd. Go East 3/4 mile to N. Broadway, go South 3 blocks to W. Ocean Ave.Property on the corner of W. Ocean & N. Broadway. From Dixie go West on W. Ocean Ave 3 blocks to Broadway
  • Year Built: 1965
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2370.0
  • Window Features: Metal, Single Hung

Exterior Features

  • Exterior Features: Outdoor Living Area
  • Lot Features: Corner Lot, Sprinkler System, < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 40434503100130010
  • Lot Size Acres: 0.18
  • Lot Size: Apx. 115' X 67'
  • Lot Size Sq Ft: 7840.8
  • Mobile Dim Units: Feet
  • Zoning: R-15

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Property Net Operating Income: 33362.0
  • Number Of Units In Community: 4
  • Annual Gross Income: 45000.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5137.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2022
Sold by
Psr Homes 9 Llc
Bought by
171 S Broadway Llc
Current Estimated Value
$680,004

Purchase Details

Closed on
Sep 2, 2021
Sold by
171 South Broadway Llc
Bought by
Psr Homes 9 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,200
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
May 1, 2017
Closed on
Jul 31, 2017
Sold by
Willims Dean L and Willims Luz M
Bought by
171 South Broadway Llc
Seller's Agent
Daryl Bush
Daryl G. Bush Realty Inc.
Buyer's Agent
Martin Goldstein
MRG Associates LLC
List Price
$469,000
Sold Price
$400,000
Premium/Discount to List
-$69,000
-14.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%

Purchase Details

Closed on
Apr 8, 2015
Sold by
D & L Apartments Llc
Bought by
Williams Dean L and Williams Luz M

Purchase Details

Closed on
Nov 4, 2006
Sold by
Williams Dean and Williams Luz
Bought by
D & L Apartments Llc

Purchase Details

Closed on
Jul 19, 2005
Sold by
Winn Bob L
Bought by
Williams Dean and Williams Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 5, 1997
Sold by
Wright Douglas J and Cook Vicki L
Bought by
Winn Bob L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,924
Interest Rate
7.95%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 30, 1995
Sold by
Wright Douglas J
Bought by
Wright Douglas J and Cook Vicki L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
9.21%

Purchase Details

Closed on
Jan 30, 1995
Sold by
Hogan Robert N and Hogan Suzanne S
Bought by
Wright Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
9.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
171 S Broadway Llc $600,000 New Title Company Name
Psr Homes 9 Llc $576,500 Harbour Land Title Llc
171 South Broadway Llc $400,000 Attorney
Williams Dean L -- None Available
D & L Apartments Llc -- None Available
Williams Dean $429,900 Universal Land Title Inc
Winn Bob L $108,000 --
Wright Douglas J $31,500 --
Wright Douglas J $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Psr Homes 9 Llc $461,200
Previous Owner Williams Dean $320,000
Previous Owner Winn Bob L $107,924
Previous Owner Wright Douglas J $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2017 07/31/17 Sold $400,000 -14.7% $169 / Sq Ft
07/01/2017 07/01/17 Pending -- -- --
06/15/2016 06/15/16 For Sale $469,000 -- $198 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $12,323 $563,668 -- --
2024 $12,323 $532,412 -- --
2023 $11,221 $484,011 $212,660 $271,351
2022 $11,493 $479,752 $0 $0
2021 $7,571 $286,309 $162,000 $124,309
2020 $7,453 $280,020 $138,000 $142,020
2019 $6,988 $256,339 $120,000 $136,339
2018 $6,337 $232,000 $112,266 $119,734
2017 $5,609 $219,524 $89,813 $129,711
2016 $5,137 $184,600 $0 $0
2015 $4,771 $159,975 $0 $0
2014 $4,785 $145,432 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10243340

BeachesMLS (Greater Fort Lauderdale)

APN: 40-43-45-03-10-013-0010

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