$480,000
SOLD DEC 28, 2017
-- Bed
-- Bath
2,762 Sq Ft
6,142 Sq Ft Lot

Recently Sold

$174 Per Sq Ft

4% Below List Price

224 Days on Market

Highlights

  • Hurricane or Storm Shutters
  • Tile Flooring
  • Central Heating and Cooling System
  • McNab Elementary School Rated A-

About This Home

As of November 2019

Fantastic find! Large Fourplex in The Heart of Pompano Bch. All units are 2 bedrooms, 1 bath. New roof 3 years old & new central AC in all units. Accordion hurricane shutters & updated kitchens. Close to beach & shopping. Annual Gross Rent is $58,800.Tenants pay their own Electric, Water,Trash, & Sewer. Annual expenses are: Taxes $4,536 Insurance: $4100 Lawn $480. Annual Expenses Total $9,116. Cap Rate 10%. All information is believed to be accurate but is not guaranteed.

Last Agent to Sell the Property

Carlos Montoya

Fidelity Real Estate Group LLC License #0623048 Listed on: 04/17/2017

Co-Listed By

Natasha Q Realtor

Fidelity Real Estate Group LLC License #3320937

Last Buyer's Agent

Natasha Q Realtor

Fidelity Real Estate Group LLC License #3320937

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,536

Year Built

  • Built in 1972

Parking

  • 5 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 2,762 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Hurricane or Storm Shutters

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $56,400
  • Rent includes gardener
  • Assessor Parcel Number 494201031080

Community Details

Overview

  • 4 Units
  • Ocean Drive Estates 8 2 B Subdivision

Building Details

  • Net Operating Income $47,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,536

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: ATLANTIC BLVD RD EAST TO SE 10TH AVE. GO SOUTH TO SE 1ST ST & MAKE A RIGHT TO SW 9TH AVE. MAKE A LEFT. PROPERTY IS ON YOUR LEFT SIDE.
  • Year Built: 1972
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2762.0

Exterior Features

  • Exterior Features: Storm/Security Shutters
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Gardener

Lot Info

  • Parcel #: 494201031080
  • Zoning Description: RM-20

Multi Family

  • Property Net Operating Income: 47284.0
  • Number Of Units Total: 4
  • Total Actual Rent: 56400.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4536.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2019
Closed on
Oct 31, 2019
Sold by
Mcdonald Chiara N
Bought by
Tigran Arman Jay and Tigranyan Irena
Seller's Agent
Salima Singh
Keller Williams Realty Profess
Buyer's Agent
Marat Bagaev
MMLS Assoc.-Inactive Member
List Price
$569,900
Sold Price
$520,000
Premium/Discount to List
-$49,900
-8.76%
Current Estimated Value
$849,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,919
Avg. Annual Appreciation
8.84%
Original Mortgage
$466,015
Interest Rate
3.39%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 17, 2017
Closed on
Dec 28, 2017
Sold by
Adms Ronald A
Bought by
Mcdonald Chira M
Seller's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
Buyer's Agent
Natasha Q Realtor
Fidelity Real Estate Group LLC
List Price
$499,900
Sold Price
$480,000
Premium/Discount to List
-$19,900
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%

Purchase Details

Closed on
Apr 8, 2016
Sold by
Broward County Rental Services Llc
Bought by
236 Llc

Purchase Details

Closed on
May 22, 2009
Sold by
Us Bank National Association
Bought by
Broward County Rental Services Llc

Purchase Details

Closed on
Feb 18, 2009
Sold by
Avrilien Offrande and Mazard Marie M
Bought by
Us Bank National Association

Purchase Details

Closed on
Jun 8, 2007
Sold by
Popovitch Jorge and Popovitch Soraya
Bought by
Avrilien Offrande and Mazard Marie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,500
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2005
Sold by
Maldonado Jean Paulo and Maldonado Eliana
Bought by
Popovitch Jorge and Popovitch Soraya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2003
Sold by
Moores Charles W and Moores Dottie
Bought by
Maldonado Eliana and Maldonado Jean Paulo

Purchase Details

Closed on
Sep 29, 2000
Sold by
Miller Steven J and Miller Kathleen
Bought by
Moore Charles W and Moore Dottie

Purchase Details

Closed on
May 9, 1996
Sold by
Ratensperger Harald and Ratensperger Astrid E
Bought by
Miller Steven J and Miller Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 1996
Sold by
Ratensperger Harald and Ratensperger Astrid E
Bought by
Miller Steven J and Miller Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
6.97%
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 Type Sale Price Title Company
Warranty Deed $520,000 Market Title Llc A Fl Llc
Warranty Deed $480,000 Main Street Title & Escrow I
Warranty Deed $390,000 Attorney
Special Warranty Deed $202,500 None Available
Trustee Deed -- None Available
Warranty Deed $455,000 Advance Title Corporation
Warranty Deed $390,000 --
Warranty Deed $245,000 --
Warranty Deed $178,000 --
Quit Claim Deed $100 --
Warranty Deed $135,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $505,079 New Conventional
Closed $466,015 FHA
Previous Owner $409,500 Commercial
Previous Owner $262,000 Commercial
Previous Owner $27,245 Commercial
Previous Owner $94,500 Commercial
Previous Owner $94,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $520,000 -8.8% $183 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $569,900 +18.7% $200 / Sq Ft
12/28/2017 12/28/17 Sold $480,000 -4.0% $174 / Sq Ft
11/28/2017 11/28/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $499,900 -- $181 / 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 $12,961 $616,680 -- --
2024 $12,026 $582,870 $42,880 $539,990
2023 $12,026 $509,660 $0 $0
2022 $10,539 $463,330 $42,880 $420,450
2021 $10,823 $481,320 $42,880 $438,440
2020 $10,658 $481,320 $42,880 $438,440
2019 $8,707 $382,340 $42,880 $339,460
2018 $8,988 $404,190 $42,880 $361,310
2017 $7,640 $351,890 $0 $0
2016 $4,536 $178,800 $0 $0
2015 $4,182 $162,550 $0 $0
2014 $3,850 $147,780 $0 $0
2013 -- $147,660 $42,880 $104,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10031860

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-01-03-1080