NOT LISTED FOR SALE

2248 NW 59th Terrace Lauderhill, FL 33313

Estimated Value: $757,258 - $837,000

8 Beds
4 Baths
3,194 Sq Ft
$251/Sq Ft Est. Value

Last Sold June 25, 2012

Last sale price $219,000 $69 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $5,564/month

14 Days on Market

About This Home

As of June 2012

Don't miss this fully rented Four-plex in great condition! Newer roof (after Hurricane Wilma), all new central a/c's with cages (2010), newer appliances (2010). Four two bedroom, one bath units, always rented. Includes a storage room and washer and dryer hookup for tenants to share. Great income for an investor. Cap rate is 18%. Nearly identical building next door just sold for $210,000 (5/12). Hurry!

Last Agent to Sell the Property

Michael Streur

Coastal Props Realty of S FL License #3050632 Listed on: 05/11/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,807

Year Built

  • Built in 1973

Lot Details

  • 8,233

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,194 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 4 Units
  • L D C Estates Subdivision, Fully Rented 4Plex Floorplan

Listing and Financial Details

  • Total Actual Rent $38,400
  • Assessor Parcel Number 494126110140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,807

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: FROM WEST OAKLAND PARK BOULEVARD JUST WEST OF THE TURNPIKE, TRAVEL SOUTH ON NW 56TH AVENUE TO NW 22ND COURT. TURN RIGHT, THEN RIGHT ON NW 57TH AVE, THEN LEFT ON NW 59TH TERRACE TO ADDRESS.
  • Year Built: 1973
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Other, Tile
  • Living Area: 3194.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None

Lot Info

  • Parcel #: 494126110140
  • Zoning Description: UNKNOWN

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 3807.0

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 38400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2012
Closed on
Jun 25, 2012
Sold by
Beanhead Investments Llc
Bought by
Taddese Abraha
Seller's Agent
Michael Streur
Coastal Props Realty of S FL
List Price
$219,000
Sold Price
$219,000
Current Estimated Value
$802,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$583,315
Avg. Annual Appreciation
10.48%
Original Mortgage
$138,750
Outstanding Balance
$26,146
Interest Rate
3.79%
Mortgage Type
Commercial
Estimated Equity
$784,730

Purchase Details

Closed on
May 3, 2010
Sold by
Wells Fargo Bank National Association
Bought by
Beanhead Investments Llc

Purchase Details

Closed on
Sep 15, 2009
Sold by
Philogene Philotheme and Case #Cace07036726 Div 02
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Aug 29, 2003
Sold by
Stamour Duck
Bought by
Philogene Philotheme

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,100
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2003
Sold by
Altidor Sylverna
Bought by
Philogene Philotheme

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,100
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 1997
Sold by
Howell L and Howell Winnifred R
Bought by
Altidor Sylverna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,933
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 1985
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
Taddese Abraha $219,000 Attorney
Beanhead Investments Llc $124,900 Working Title Llc
Wells Fargo Bank National Association -- Working Title Llc
Wells Fargo Bank Na -- Attorney
Philogene Philotheme $246,000 Dolphin Title Company
Philogene Philotheme -- Dolphin Title Company
Altidor Sylverna $122,000 --
Available Not $70,971 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taddese Abraha $138,750
Previous Owner Philogene Philotheme $257,600
Previous Owner Philogene Philotheme $209,100
Previous Owner Philogene Philotheme $209,100
Previous Owner Altidor Sylverna $121,933
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2012 06/25/12 Sold $219,000 0.0% $69 / Sq Ft
05/26/2012 05/26/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $219,000 -- $69 / 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 $14,056 $523,140 -- --
2024 $13,280 $523,140 -- --
2023 $13,280 $432,360 $0 $0
2022 $12,917 $393,060 $0 $0
2021 $10,902 $357,330 $24,760 $332,570
2020 $10,784 $357,330 $24,760 $332,570
2019 $10,091 $333,250 $24,760 $308,490
2018 $9,025 $306,150 $24,760 $281,390
2017 $8,166 $265,540 $0 $0
2016 $7,422 $242,400 $0 $0
2015 $7,298 $229,270 $0 $0
2014 $6,619 $208,430 $0 $0
2013 -- $192,940 $24,760 $168,180
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Michael Streur

    Coastal Props Realty of S FL

    (305) 342-6990

    3 in this area

    15 Total Sales

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1187178

BeachesMLS (Greater Fort Lauderdale)

APN: 49-41-26-11-0140

Florida Broward County Lauderhill 33313

2248 NW 59th Terrace, Lauderhill, FL

This home is located at 2248 NW 59th Terrace, Lauderhill, FL 33313 since 11 May 2012 and is currently estimated at $802,315, approximately $251 per square foot. This property was built in 1973. 2248 NW 59th Terrace is a home located in Broward County with nearby schools including Royal Palm Elementary School, Lauderhill 6-12, and Piper 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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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