NOT LISTED FOR SALE

Estimated Value: $7,533,529

1.47 Acres
$5,124,850 Price per Acre
64,033 Sq Ft Lot

Last Sold February 22, 2023

Last sale price $6,500,000 $4,643 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $50,901/month

279 Days on Market

About This Lot

As of February 2023

Great New Development Opportunity. 1 total BLK, 1.47 acres. Long term Land Lease at $9 a sq ft. Owner will demolish present structure. Present structure rented at $9000 a month. Month to month leases. Site Plan for 200 rental units, retail, parking garage. High visibility, close to Sheridan, I-95, Port, Airport and West Lakes Commons.

Last Agent to Sell the Property

Patricia Asseff

Asseff Realty LLC License #0414677 Listed on: 02/18/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $42,533

Lot Details

  • 1.47 Acre Lot
  • Lot Dimensions are 150x400
  • Corner Lot
  • Property is zoned C-2

Location

  • City Lot

Community Details

  • Monterey Park 2 46 B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514210130010

Property Details

Property Type

Land

Est. Annual Taxes

$42,533

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Business
  • Property Sub Type Additional: Commercial
  • Directions: N Federal Highway Between Sheridan and Taft Street.
  • Special Features: None

Exterior Features

  • Lot Features: Corner Lot, City Lot
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Public

Lot Info

  • Parcel #: 514210130010
  • Current Use: Commercial
  • Lot Size Acres: 1.47
  • Lot Size: 150x400
  • Lot Size Sq Ft: 64312.0
  • Zoning Description: C-2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 42533.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Feb 21, 2023
Sold by
Vmn Group Llc
Bought by
Bardi Vp Llc
Seller's Agent
Patricia Asseff
Asseff Realty LLC
List Price
$7,900,000
Sold Price
$6,500,000
Premium/Discount to List
-$1,400,000
-17.72%
Current Estimated Value
$7,533,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,033,529
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
Aug 4, 2016
Sold by
Jewel Holdings Llc
Bought by
Vmn Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$985,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2005
Sold by
Weisz Realty Ltd
Bought by
Jewel Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
5.68%
Mortgage Type
Commercial
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
Bardi Vp Llc $6,500,000 Amerititle
Vmn Group Llc $1,585,000 Attorney
Jewel Holdings Llc $1,670,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vmn Group Llc $985,000
Previous Owner Jewel Holdings Llc $1,350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2023 02/22/23 Sold $6,500,000 -17.7% $4,643 / Sq Ft
11/25/2022 11/25/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $7,900,000 -- $5,643 / 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 $135,275 $4,180,280 $4,180,280 --
2024 $68,823 $4,180,280 $4,180,280 $711,310
2023 $68,823 $2,073,500 $0 $0
2022 $45,302 $1,885,000 $1,173,690 $711,310
2021 $42,533 $1,759,010 $1,173,690 $585,320
2020 $41,597 $1,761,080 $1,173,690 $587,390
2019 $39,398 $1,686,960 $1,173,690 $513,270
2018 $34,712 $1,404,830 $1,173,690 $231,140
2017 $34,402 $1,374,860 $0 $0
2016 $29,947 $1,109,770 $0 $0
2015 $29,965 $1,186,930 $0 $0
2014 $29,967 $1,186,060 $0 $0
2013 -- $1,185,700 $1,173,690 $12,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10318973

BeachesMLS (Greater Fort Lauderdale)

APN: 51-42-10-13-0010