NOT LISTED FOR SALE

1945 Pierce St Hollywood, FL 33020

Royal Poinciana Neighborhood

Estimated Value: $486,616 - $902,000

5 Beds
4 Baths
2,346 Sq Ft
$292/Sq Ft Est. Value

Last Sold January 05, 2018

Last sale price $320,000 $136 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $4,352/month

15 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of January 2018

RARE 8% CAP DUPLEX - PROFORMA 10%...4 BLOCKS FROM YOUNG CIRCLE, 10 MINUTES TO HOLLYWOOD BEACH. Two huge units. 3 bed/2 bath and 2 bed/2 bath. 2346 sq.ft. 2 separate meters, 3 parking spots each. Tile floors, Private laundry, Fenced in backyard, Newer roof, New Central A/C units. Current tenants pay utilities (electric, water & sewer). Current rents 3/2 - $1,475, 2/2 - $1,250. Tenants pay water/sewer and electric. Both under market. DO NOT DISTURB THE TENANTS.
Please refer to attachment for current income summary.

Walk to Downtown Hollywood and beach. Current 8% Cap, Proforma 10%

Last Agent to Sell the Property

Thomas Swartzbaugh

MMLS Assoc.-Inactive Member License #3380778 Listed on: 11/06/2017

MMLS Assoc.-Inactive Member

Co-Listed By

Jonathan Keith

One Sotheby's Int'l Realty License #3049560

Last Buyer's Agent

Eyal Melamed

ISRAM Realty & Management License #3365148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,995

Year Built

  • Built in 1983

Lot Details

  • 5,445

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,346 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $32,700
  • Assessor Parcel Number 514215013170

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Hollywood Condos
  • Hollywood Subdivision

Building Details

  • Operating Expense $5,617
  • Net Operating Income $27,083

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,995

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1983
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Co List Office Mls Id: CBRE74
  • Co List Office Phone: 954-527-5900
  • Directions: 4 blocks north of Young Circle Hollywood Blvd and 2 blocks west of US1.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: HOLLYWOOD
  • Year Built Details: Unknown
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2346
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: HOLLYWOOD
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514215013170
  • Zoning: RMCRA-18
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Multi Family

  • Net Operating Income: 27083
  • Number Of Units In Community: 2
  • Annual Operating Expense: 5617
  • Total Actual Rent: 32700

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3995

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2017
Closed on
Jan 5, 2018
Sold by
1945 47 Pierce St A Dissolved Flrida Lim
Bought by
J & R Investors Llc A Florida Limited
Seller's Agent
Thomas Swartzbaugh
MMLS Assoc.-Inactive Member
Buyer's Agent
Eyal Melamed
ISRAM Realty & Management
List Price
$339,000
Sold Price
$320,000
Premium/Discount to List
-$19,000
-5.6%
Current Estimated Value
$685,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,404
Avg. Annual Appreciation
10.24%

Purchase Details

Closed on
May 4, 2009
Sold by
Onewest Bank Fsb
Bought by
1945-47 Pierce St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 2008
Sold by
Osborne Ana and Reynoso Julio
Bought by
Indymac Bank Fsb

Purchase Details

Closed on
Dec 14, 2006
Sold by
Osborne Ann
Bought by
Reynoso Julia and Reynoso Diane

Purchase Details

Closed on
Jun 2, 2005
Sold by
Velazquez Jose and Velazquez Helen
Bought by
Osborne Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,500
Interest Rate
2%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2000
Sold by
Faustin Frank
Bought by
Velazquez Jose and Velazquez Helen

Purchase Details

Closed on
Apr 1, 1990
Sold by
Available Not
Bought by
Available Not
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
J & R Investors Llc A Florida Limited $320,000 Attorney
1945-47 Pierce St Llc $165,000 Attorney
Indymac Bank Fsb -- Attorney
Reynoso Julia -- Costa Title
Osborne Ana $355,000 --
Velazquez Jose $145,000 --
Available Not $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1945-47 Pierce St Llc $132,000
Previous Owner Osborne Ana $319,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2018 01/05/18 Sold $320,000 -5.6% $136 / Sq Ft
11/16/2017 11/16/17 Pending -- -- --
11/10/2017 11/10/17 For Sale $339,000 +5.9% $145 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
11/06/2017 11/06/17 Off Market $320,000 -- --
11/01/2017 11/01/17 For Sale $339,000 -- $145 / 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 $8,965 $417,850 -- --
2024 $8,158 $417,850 -- --
2023 $8,158 $345,340 $0 $0
2022 $7,354 $313,950 $0 $0
2021 $6,563 $285,410 $49,100 $236,310
2020 $6,562 $285,650 $49,100 $236,550
2019 $6,642 $285,650 $49,100 $236,550
2018 $4,842 $235,400 $49,100 $186,300
2017 $4,323 $175,450 $0 $0
2016 $3,995 $159,500 $0 $0
2015 $3,686 $147,290 $0 $0
2014 $3,417 $133,900 $0 $0
2013 -- $130,900 $49,100 $81,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Thomas Swartzbaugh

    MMLS Assoc.-Inactive Member

    Section Image
  • Jonathan Keith

    Seller Co-Listing Agent in 2018

    Jonathan Keith

    One Sotheby's Int'l Realty

    (954) 709-9742

    208 Total Sales

    Jonathan Keith
    Section Image
  • Eyal Melamed

    Buyer's Agent in 2018

    Eyal Melamed

    ISRAM Realty & Management

    (305) 615-9399

    1 in this area

    62 Total Sales

    Eyal Melamed
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10366636

MIAMI REALTORS® MLS

APN: 51-42-15-01-3170

Florida Broward County Hollywood 33020 Royal Poinciana

1945 Pierce St, Hollywood, FL

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