$188,000
SOLD FEB 28, 2025
1 Bed
1.5 Baths
850 Sq Ft
$727/mo HOA Fee

Recently Sold

$221 Per Sq Ft

10% Below List Price

76 Days on Market

Highlights

  • Gated Community
  • Canal View
  • Wood Flooring
  • Fort Lauderdale High School Rated A
  • Clubhouse
  • Community Pool

About This Home

As of February 2025

Great opportunity to purchase an EAST facing unit at the Drake Tower. This condo is in walking distance to all of Wilton Manors, shops restaurants and night life. This is Priced to sell, renovate to your likeness. This spacious 1/1.5 bath unit offers hard wood floors, impact windows/doors, and has just been recently painted. Impeccably maintained building offers a heated pool, barbecue grills, bike storage, gated parking, storage, nighttime security, & is pet friendly too! Great location that is walkable to Wilton Drive & just a short drive to downtown Ft. Lauderdale, airport, and the beaches!!

Last Agent to Sell the Property

Kevin Gibbons

RE/MAX Consultants Realty 1 License #3178973 Listed on: 11/27/2024

RE/MAX Consultants Realty 1

Last Buyer's Agent

Eyal Haim

Charles Rutenberg Realty FTL License #3130715

Charles Rutenberg Realty FTL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,497

Year Built

  • Built in 1974

Lot Details

  • East Facing Home
  • Fenced

HOA Fees

  • $727 Monthly HOA Fees

Property Views

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 850 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet

Home Security

Parking

  • Guest Parking
  • Open Parking

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494234AJ0230

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, laundry, maintenance structure, parking, pest control, reserve fund, sewer, trash, water
  • 143 Units
  • Drake Tower Subdivision, East Facing 1/1.5 Floorplan
  • 13-Story Property

Amenities

  • Laundry Facilities
  • Elevator
  • Bike Room

Recreation

Pet Policy

  • Pets Allowed

Security

  • Phone Entry
  • Gated Community
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,497

Year Built

Built in 1974

Lot Details

0

HOA Fees

$727 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: From Oakland Park Blvd, head south on Andrews Avenue, Drake Tower is on the left side. Guest parking in front of building.
  • Year Built: 1974
  • Carport Y N: No
  • Entry Level: 3
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Bedroom on Main Level, Living/Dining Room, Walk-In Closet(s)
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Hardwood, Tile, Wood
  • Living Area: 850.0
  • Stories: 13
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Exterior Features: Balcony, Security/High Impact Doors
  • View: Canal, Pool
  • Fencing: Wall
  • Pool Features: Association
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Open Parking: Yes
  • Parking Features: Guest, Open

Utilities

  • Laundry Features: Common Area
  • Security: Lobby Secured, Phone Entry
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Gated
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Laundry, Pool, Trash, Elevator(s)
  • Association #2 Fee: 727.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Breed Restrictions, Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Laundry, Maintenance Structure, Parking, Pest Control, Reserve Fund, Sewer, Trash, Water

Lot Info

  • Parcel #: 494234AJ0230

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2497.0

Multi Family

  • Number Of Units In Community: 143

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2024
Closed on
Feb 27, 2025
Sold by
Ratzel Brian and Veltrano Gloria
Bought by
Itah Liron
Seller's Agent
Kevin Gibbons
RE/MAX Consultants Realty 1
Buyer's Agent
Eyal Haim
Charles Rutenberg Realty FTL
List Price
$209,900
Sold Price
$188,000
Premium/Discount to List
-$21,900
-10.43%
Views
32
Current Estimated Value
$194,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,857
Avg. Annual Appreciation
6.02%
Original Mortgage
$150,400
Outstanding Balance
$149,770
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$44,485

Purchase Details

Listed on
May 16, 2017
Closed on
Aug 8, 2017
Sold by
Vitellio Peter G
Bought by
Ratzel Francois and Ratzel Stevens
Seller's Agent
William Clarke
Inactive Member
Buyer's Agent
Bruce Maxwell
Inactive Member
List Price
$144,900
Sold Price
$135,000
Premium/Discount to List
-$9,900
-6.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.48%

Purchase Details

Closed on
Mar 28, 2012
Sold by
Wallace Frederick J
Bought by
Vitellio Peter G

Purchase Details

Closed on
Mar 10, 2006
Sold by
Davis Isabelle M
Bought by
Wallace Frederick J
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $188,000 Lg Title & Escrow Llc
Warranty Deed $135,000 Nexstar Title & Escrow Llc
Warranty Deed $92,000 Attorney
Warranty Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $188,000 -6.0% $221 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
01/10/2025 01/10/25 Price Changed $199,900 -4.8% $235 / Sq Ft
11/27/2024 11/27/24 For Sale $209,900 +55.5% $247 / Sq Ft
08/15/2017 08/15/17 Sold $135,000 -6.8% $159 / Sq Ft
07/16/2017 07/16/17 Pending -- -- --
05/16/2017 05/16/17 For Sale $144,900 0.0% $170 / Sq Ft
05/20/2013 05/20/13 Rented $1,000 -9.1% --
04/20/2013 04/20/13 Under Contract -- -- --
04/07/2013 04/07/13 For Rent $1,100 -- --
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 $2,203 $207,960 $20,800 $187,160
2024 $2,153 $207,960 $20,800 $187,160
2023 $2,153 $139,250 $0 $0
2022 $2,102 $135,200 $0 $0
2021 $2,029 $131,270 $0 $0
2020 $1,998 $129,460 $0 $0
2019 $1,902 $126,550 $0 $0
2018 $1,763 $124,200 $12,420 $111,780
2017 $2,632 $123,580 $0 $0
2016 $2,497 $112,350 $0 $0
2015 $2,541 $102,140 $0 $0
2014 $2,397 $92,860 $0 $0
2013 -- $84,420 $8,440 $75,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10473588

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-34-AJ-0230