NOT LISTED FOR SALE

1924 Washington St Hollywood, FL 33020

Parkside Neighborhood

Estimated Value: $746,000 - $943,000

4 Beds
3 Baths
3,040 Sq Ft
$282/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $420,000 $138 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $5,663/month

17 Days on Market

Highlights

  • Newly Remodeled
  • No HOA
  • Heating System Mounted To A Wall or Window
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property

About This Home

As of July 2016

Great 4 unit building near Downtown Hollywood. The building sits on an oversized 12,449 sq ft lot which is zoned RM-12. Besides proving ample common area for the tenants enjoyment, an investor can develop half of this lot and build an additional 2-4 units. There is ample parking in the alleyway. This property is very well maintained and upgraded though-out.
The current GOI is $47,400 per year with $8,226 in expenses, netting $39,174 annually. This provides an investor a strong 8.72% capitalization rate.

Last Agent to Sell the Property

John DeMarco

RE/MAX 5 Star Realty License #3134747 Listed on: 06/07/2016

RE/MAX 5 Star Realty

Last Buyer's Agent

John DeMarco

RE/MAX 5 Star Realty License #3134747 Listed on: 06/07/2016

RE/MAX 5 Star Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,026

Year Built

  • Built in 1952 | Newly Remodeled

Lot Details

  • 0.29

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 3,040 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $47,400
  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 514222100860

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Hollywood South Side Add Condos
  • Hollywood South Side Add Subdivision

Building Details

  • Operating Expense $8,226
  • Net Operating Income $39,174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,026

Year Built

Built in 1952 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1952
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Directions: West of US1 on Washington St
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: Hollywood South Side Add
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 3040
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Other
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Hollywood South Side Add
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514222100860
  • Zoning: RM-12
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 39174
  • Number Of Units In Community: 3
  • Number Of Units Total: 4
  • Annual Operating Expense: 8226
  • Total Actual Rent: 47400

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jul 22, 2016
Sold by
Wolk Dean M
Bought by
Nmb Business Group Inc
Seller's Agent
John DeMarco
RE/MAX 5 Star Realty
Buyer's Agent
John DeMarco
RE/MAX 5 Star Realty
List Price
$449,000
Sold Price
$420,000
Premium/Discount to List
-$29,000
-6.46%
Current Estimated Value
$858,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,581
Avg. Annual Appreciation
8.33%

Purchase Details

Closed on
May 3, 2001
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Dec 18, 1997
Sold by
Garogozzo Maria and Garagozzo Rosario And Letizia
Bought by
Garagozzo Rosario and Garagozzo Letizia
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 Buyer Sale Price Title Company
Nmb Business Group Inc $420,000 Old Florida Title Co
Available Not $165,000 --
Garagozzo Rosario $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolk Dean M $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2016 07/28/16 Sold $420,000 -6.5% $138 / Sq Ft
06/13/2016 06/13/16 Pending -- -- --
05/27/2016 05/27/16 For Sale $449,000 -- $148 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $11,805 $532,190 $112,040 $420,150
2024 $10,855 $517,310 $112,040 $405,270
2023 $10,855 $463,070 $0 $0
2022 $9,715 $420,980 $112,040 $308,940
2021 $9,759 $420,980 $112,040 $308,940
2020 $9,245 $396,950 $112,040 $284,910
2019 $9,377 $396,950 $112,040 $284,910
2018 $8,975 $391,470 $112,040 $279,430
2017 $8,047 $350,920 $0 $0
2016 $4,181 $189,930 $0 $0
2015 $4,026 $185,650 $0 $0
2014 $3,945 $181,710 $0 $0
2013 -- $203,260 $112,040 $91,220
Source: Public Records

Agents Affiliated with this Home

  • John DeMarco

    Seller's Agent in 2016

    John DeMarco

    RE/MAX

    (954) 453-1004

    26 in this area

    215 Total Sales

    John DeMarco
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10096424

MIAMI REALTORS® MLS

APN: 51-42-22-10-0860

Florida Broward County Hollywood 33020 Parkside

1924 Washington St, Hollywood, FL

This home is located at 1924 Washington St, Hollywood, FL 33020 since 07 June 2016 and is currently estimated at $858,581, approximately $282 per square foot. This property was built in 1952. 1924 Washington St is a home located in Broward County with nearby schools including Colbert Elementary School, Olsen Middle School, and South Broward High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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