NOT LISTED FOR SALE

222 Neptune Ave Unit 232 Lauderdale By the Sea, FL 33308

Estimated Value: $1,351,000 - $1,681,000

4 Beds
6 Baths
4,087 Sq Ft
$359/Sq Ft Est. Value

Last Sold October 18, 2017

Last sale price $1,150,000 $281 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,415/month

489 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • High Impact Windows
  • McNab Elementary School Rated A-
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2017

RARE TRIPLEX ON 15,600 Sq ft lot with Private Pool & Frontage on Neptune Ave & Harbor Drive with extra lot. One of few multi-family properties in area with $MILLION homes on a quiet side street. Property is also license as a vacation rental, resort style backyard. 1. 222 Neptune, 1791 Sq ft main unit. 2. 232 Neptune, 2 bedroom, 2 bath. 3. Large Studio with full kitchen & bath. Each Unit Private driveway (parking for 8 cars + 2 car garage). Ideal setting for vacation, wedding, entertaining (Privacy). Accepting backup offers.

Last Agent to Sell the Property

Sookrani Narain

MMLS Assoc.-Inactive Member License #3236108 Listed on: 10/26/2016

Last Buyer's Agent

Sookrani Narain

Agent Plus Realty License #3236108

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,664

Year Built

  • Built in 1962

Lot Details

  • Fenced

Parking

  • 10 Parking Spaces

Home Design

  • Triplex
  • Substantially Remodeled
  • Flat Tile Roof
  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,087 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Hung Metal Windows
  • Blinds

Flooring

  • Terrazzo
  • Ceramic Tile

Home Security

  • High Impact Windows
  • High Impact Door

Pool

  • In Ground Pool
  • Outdoor Shower
  • Pool Equipment Stays

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Total Actual Rent $140,000
  • Rent includes gardener, pool maintenance
  • Assessor Parcel Number 494318070760

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Silver Shores Sec Of Laud Condos
  • Silver Shores Sec Of Laud Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,664

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1962
  • Property Sub Type: Triplex
  • Architectural Style: Ranch
  • Directions: I-95 to Commercial Blvd, North on Trade winds, West on Neptune Ave.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: SILVER SHORES SEC OF LAUD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Terrazzo
  • Living Area: 4087
  • Possible Use: Unknown/Withheld
  • Stories: 1
  • Window Features: Blinds, Double Hung Metal, Double Hung Wood, High Impact Windows

Exterior Features

  • Roof: Built-Up, Flat Tile
  • Exterior Features: Fruit Trees, Exterior Lights, Outdoor Shower
  • Construction Type: CBS Construction, Stucco
  • Fencing: Fenced
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Patio And Porch Features: Deck, Patio
  • Pool Features: In Ground, Equipment Stays
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SILVER SHORES SEC OF LAUD
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump/Reverse Cycle
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494318070760
  • Zoning: RD-10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Pool Maintenance

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6664

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Total Actual Rent: 140000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2021
Sold by
Hoff Michelle M
Bought by
Alexander George Michael and Alexander Shana Petrone
Current Estimated Value
$1,467,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Outstanding Balance
$491,467
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$976,068

Purchase Details

Listed on
Oct 26, 2016
Closed on
Oct 16, 2017
Sold by
Nina Panchamatia
Bought by
Hoff Michelle M
Seller's Agent
Sookrani Narain
MMLS Assoc.-Inactive Member
Buyer's Agent
Sookrani Narain
Agent Plus Realty
List Price
$1,349,000
Sold Price
$1,150,000
Premium/Discount to List
-$199,000
-14.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.09%
Original Mortgage
$92,000
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 15, 2015
Sold by
Wells Fargo Bank Na
Bought by
Panchmatia Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 1994
Sold by
Martin John and Martin Maria
Bought by
Kirby Ellen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
9.01%
Mortgage Type
Commercial
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
Alexander George Michael $1,159,000 Blue Marlin Title
Hoff Michelle M $1,150,000 None Available
Panchmatia Nina $755,000 Attorney
Kirby Ellen B $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander George Michael $548,250
Previous Owner Hoff Michelle M $92,000
Previous Owner Panchmatia Nina $650,000
Previous Owner Kirby Ellen B $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2017 10/18/17 Sold $1,150,000 -11.5% $281 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
04/22/2017 04/22/17 Price Changed $1,299,000 -3.7% $318 / Sq Ft
04/12/2016 04/12/16 For Sale $1,349,000 -- $330 / 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 $19,884 $1,170,270 -- --
2024 $20,071 $1,063,890 $313,090 $750,800
2023 $20,071 $1,063,890 $313,090 $750,800
2022 $18,914 $1,048,700 $313,090 $735,610
2021 $13,546 $745,040 $313,090 $431,950
2020 $13,582 $745,040 $313,090 $431,950
2019 $13,356 $726,850 $313,090 $413,760
2018 $15,978 $882,890 $313,090 $569,800
2017 $14,447 $769,520 $0 $0
2016 $13,364 $699,570 $0 $0
2015 $6,665 $344,410 $0 $0
2014 $6,492 $334,250 $0 $0
2013 -- $587,990 $313,090 $274,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Sookrani Narain

    MMLS Assoc.-Inactive Member

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10169164

MIAMI REALTORS® MLS

APN: 49-43-18-07-0760

Florida Broward County Lauderdale-by-the-Sea 33308

222 Neptune Ave Unit 232, Lauderdale-by-the-Sea, FL

This home is located at 222 Neptune Ave Unit 232, Lauderdale By the Sea, FL 33308 since 26 October 2016 and is currently estimated at $1,467,535, approximately $359 per square foot. This property was built in 1962. 222 Neptune Ave Unit 232 is a home located in Broward County with nearby schools including McNab Elementary School, Pompano Beach Middle School, and Northeast 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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