NOT LISTED FOR SALE

2620 NW 18th Terrace Oakland Park, FL 33311

Estimated Value: $776,000 - $956,156

8 Beds
4 Baths
2,976 Sq Ft
$299/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $935,000 $314 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,854/month

47 Days on Market

Highlights

  • Impact Glass
  • Fenced
  • Vinyl Flooring
  • Central Heating and Cooling System

About This Home

As of June 2024

BEAUTIFULLY RENOVATED FOUR-UNIT 2BD/1BA FOURPLEX IN THE HEART OF FORT LAUDERDALE! FULLY LEASED WITH LONG TERM DEPENDABLE TENANTS. THIS IS AN INSTANT CASH COW! NEW IMPACT WINDOWS, NEW KITCHENS WITH NEW CABINETS, NEW QUARTZ COUNTERTOPS, CUSTOM BACKSPLASH, NEW STAINLESS STEEL APPLIANCES INCL REFRIGERATOR, ELECTRIC RANGE AND MICROWAVE. NEW WATERPROOF VINYL FLOORS, SEPERATE LAUNDRY ROOM WITH WASHER AND DRYER. GORGEOUSLY REMODELED BATHROOMS WITH NEW TOILETS, NEW TUB, NEW VANITY AND DESIGNER TILE WORK. FRESHLY PAINTED, SEPERATE WATER AND ELECTRIC METERS AND EIGHT TOTAL PARKING SPOTS. THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY PROVIDING IMMEDIATE CASH FLOW AND LONG-TERM RENTAL INCOME GROWTH.

Last Agent to Sell the Property

Darrell Gonzales

Paragon Properties Group LLC License #3217423 Listed on: 05/10/2024

Last Buyer's Agent

Josh Mor

JMor Properties, LLC License #3539489

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,757

Year Built

  • Built in 1964

Lot Details

  • Fenced

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,976 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Vinyl Flooring
  • Impact Glass

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 4 Units
  • Middle River Gardens Subdivision

Listing and Financial Details

  • Rent includes gardener, pest control, trash collection
  • Assessor Parcel Number 494228000360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,757

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1964
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Living Area: 2976.0
  • Window Features: Blinds, Impact Glass

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Pest Control, Trash Collection
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 494228000360
  • Lot Size: 12085
  • Zoning Description: R-1

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12757.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jun 27, 2024
Sold by
5 Star Renovation & Construction Llc
Bought by
2980 Nostrand Ave Llc
Seller's Agent
Darrell Gonzales
Paragon Properties Group LLC
Buyer's Agent
Josh Mor
JMor Properties, LLC
List Price
$975,000
Sold Price
$935,000
Premium/Discount to List
-$40,000
-4.1%
Views
7
Current Estimated Value
$890,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,211
Avg. Annual Appreciation
-3.38%
Original Mortgage
$607,750
Outstanding Balance
$600,421
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$290,368

Purchase Details

Closed on
Feb 28, 2020
Sold by
Vanunu Chaya and The Chaya Vanunu Revocable Tru
Bought by
Brice Willie James and Jamkhu Laudan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,672
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 9, 2018
Sold by
C & V Investment Properties Llc
Bought by
Vanunu Chaya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,800
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2017
Closed on
May 17, 2018
Sold by
Wallace James L
Bought by
C&V Investment Properties L L C
Seller's Agent
Leila Lumpkins
Properties International LLC
Buyer's Agent
Leila Lumpkins
Properties International Corp.
List Price
$375,000
Sold Price
$275,000
Premium/Discount to List
-$100,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.89%
Original Mortgage
$230,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2980 Nostrand Ave Llc $935,000 Florida Title & Trust
5 Star Renovation & Construction Llc $785,000 Florida Title & Trust
Brice Willie James $515,000 1St Trust Title Inc
Vanunu Chaya -- None Available
C&V Investment Properties L L C $275,000 Title Now Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2980 Nostrand Ave Llc $607,750
Previous Owner Brice Willie James $505,672
Previous Owner Vanunu Chaya $292,800
Previous Owner C&V Investment Properties L L C $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2024 06/27/24 Sold $935,000 -4.1% $314 / Sq Ft
05/10/2024 05/10/24 For Sale $975,000 +24.2% $328 / Sq Ft
04/24/2023 04/24/23 Sold $785,000 -1.3% $264 / Sq Ft View Prior Sale
02/09/2023 02/09/23 For Sale $795,000 +189.1% $267 / Sq Ft
05/18/2018 05/18/18 Sold $275,000 -26.7% $92 / Sq Ft View Prior Sale
04/18/2018 04/18/18 Pending -- -- --
09/20/2017 09/20/17 For Sale $375,000 -- $126 / 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 $14,185 $817,280 $96,680 $720,600
2024 $12,757 $536,370 $96,680 $439,690
2023 $12,757 $476,530 $96,680 $379,850
2022 $12,030 $456,990 $96,680 $360,310
2021 $11,762 $456,950 $96,680 $360,270
2020 $7,639 $271,310 $96,680 $174,630
2019 $7,073 $267,950 $96,680 $171,270
2018 $7,328 $300,000 $96,680 $203,320
2017 $7,905 $228,280 $0 $0
2016 $7,494 $207,530 $0 $0
2015 $5,999 $188,670 $0 $0
2014 $5,717 $174,390 $0 $0
2013 -- $165,610 $96,680 $68,930
Source: Public Records

Agents Affiliated with this Home

  • Darrell Gonzales

    Seller's Agent in 2024

    Darrell Gonzales

    Paragon Properties Group LLC

    (954) 252-8186

    77 Total Sales

    Darrell Gonzales
    Section Image
  • Josh Mor

    Buyer's Agent in 2024

    Josh Mor

    JMor Properties, LLC

    (818) 430-7387

    24 Total Sales

    Josh Mor
    Section Image
  • Simon Gedz

    Seller's Agent in 2023

    Simon Gedz

    Charles Rutenberg Realty FTL

    (954) 562-1798

    48 Total Sales

    Simon Gedz
    Section Image

  • L

    Seller's Agent in 2018

    Leila Lumpkins

    Properties International LLC

    (954) 731-1758

    6 Total Sales

    Leila Lumpkins
    Section Image

  • H

    Seller Co-Listing Agent in 2018

    Henry Lumpkins

    Inactive Member

  • L

    Buyer's Agent in 2018

    Leila Lumpkins

    Properties International Corp.

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10438981

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-28-00-0360

Florida Broward County Oakland Park 33311

2620 NW 18th Terrace, Oakland Park, FL

Not Listed for Sale

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