NOT LISTED FOR SALE

1900 NE 29th St Lighthouse Point, FL 33064

Estimated Value: $1,122,000 - $1,366,000

8 Beds
8 Baths
4,781 Sq Ft
$265/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $637,500 $133 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $8,087/month

83 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Central Heating and Cooling System
  • Balcony
  • Open Patio
  • Ceiling Fan

About This Home

As of May 2017

Very nice 4 unit building in Lighthouse Point! This building must be purchased with MLS#F10051985(another 4 unit building across the street). Two story all 2 bedroom and 2 bath units with side by side Washer/Dryer in each unit. New roof in 2011-12. Impact Glass on all windows. NOI $39,543.00 5.66 Cap rate. Please do not bother the Tenants!

Last Agent to Sell the Property

Cathy Prenner

Compass Florida LLC License #0546716 Listed on: 02/06/2017

Compass Florida LLC

Co-Listed By

Jack Prenner

Compass Florida LLC License #174814

Last Buyer's Agent

Gary Pache

Camelot Property Management &

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,092

Year Built

  • Built in 1978

Lot Details

  • Sprinkler System

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 4,781 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Outdoor Features

  • Balcony
  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $57,600
  • Rent includes gardener, sewer, trash collection, water
  • Assessor Parcel Number 484319180060

Community Details

Overview

  • 4 Units
  • Colgate Park 47 37 B Subdivision

Additional Features

  • Laundry Facilities
  • Net Operating Income $39,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,092

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: U.S. 1 north of Copans Road to N.E. 29 St., East on 29 Street to the property on the right or south side.
  • Year Built: 1978
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Private Spa: No
  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 4781.0

Exterior Features

  • Exterior Features: Balcony, Lighting, Porch, Patio
  • Lot Features: Sprinklers Automatic, Sprinkler System, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Block
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Flat, Tile

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Sewer, Trash Collection, Water
  • Community Features: Laundry Facilities
  • Pets Allowed: Pet Restrictions

Lot Info

  • Parcel #: 484319180060
  • Zoning Description: RM-16

Multi Family

  • Property Net Operating Income: 39543.0
  • Number Of Units Total: 4
  • Total Actual Rent: 57600.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 9092.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2017
Closed on
May 31, 2017
Sold by
Galloway Michael Scott and Galloway Michael Scott
Bought by
Sf Condo Solutions Llc
Seller's Agent
Cathy Prenner
Compass Florida LLC
Buyer's Agent
Gary Pache
Camelot Property Management &
List Price
$699,000
Sold Price
$637,500
Premium/Discount to List
-$61,500
-8.8%
Current Estimated Value
$1,268,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$631,122
Avg. Annual Appreciation
8.29%

Purchase Details

Closed on
Oct 26, 2009
Sold by
Galloway Michael S
Bought by
Galloway Michael Scott

Purchase Details

Closed on
Apr 17, 2008
Sold by
Coconut Palm Properties Lc
Bought by
Galloway Michael Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 1998
Sold by
Monahan Eugene R and Monahan Dorothy
Bought by
Coconut Palm Properties Lc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sf Condo Solutions Llc $637,500 Coastal Title Inc
Galloway Michael Scott -- Attorney
Galloway Michael Scott $590,000 First American Title Ins Co
Coconut Palm Properties Lc $277,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galloway Michael Scott $412,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $637,500 -8.8% $133 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
02/06/2017 02/06/17 For Sale $699,000 -- $146 / 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 $18,233 $830,810 -- --
2024 $16,639 $805,680 $86,530 $719,150
2023 $16,639 $686,630 $86,530 $600,100
2022 $14,751 $647,620 $86,530 $561,090
2021 $13,955 $598,780 $0 $0
2020 $12,601 $544,350 $86,530 $457,820
2019 $12,443 $535,170 $86,530 $448,640
2018 $12,218 $546,640 $86,530 $460,110
2017 $9,839 $393,930 $0 $0
2016 $9,092 $358,120 $0 $0
2015 $6,859 $325,570 $0 $0
2014 $6,356 $295,980 $0 $0
2013 -- $294,640 $86,530 $208,110
Source: Public Records

Agents Affiliated with this Home

  • Cathy Prenner

    Seller's Agent in 2017

    Cathy Prenner

    Compass Florida LLC

    (954) 415-1057

    78 in this area

    144 Total Sales

    Cathy Prenner
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    Jack Prenner

    Compass Florida LLC

    (954) 480-7281

    8 in this area

    20 Total Sales

    Jack Prenner
    Section Image

  • G

    Buyer's Agent in 2017

    Gary Pache

    Camelot Property Management &

  • Gary Pache

    Buyer's Agent in 2017

    Gary Pache

    Camelot Property Management &

    (954) 482-2818

    63 Total Sales

    Gary Pache
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10051954

BeachesMLS (Greater Fort Lauderdale)

APN: 48-43-19-18-0060

Florida Broward County Lighthouse Point 33064

1900 NE 29th St, Lighthouse Point, FL

Not Listed for Sale

MultiFamily

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