NOT LISTED FOR SALE

Estimated Value: $500,915 - $793,000

2 Beds
-- Bath
2,605 Sq Ft
$247/Sq Ft Est. Value

Last Sold May 15, 2014

Last sale price $200,000 $77 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $4,351/month

158 Days on Market

Highlights

  • Newly Remodeled
  • Tile Flooring
  • 1-minute walk to Guthrie Blake Memorial Park
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of May 2014

Amazing fourplex investment opportunity! Market cap rate over 10 and three units rented. Hurry don't wait on this investment property!

Last Agent to Sell the Property

Richard Daniels

The Keyes Company License #3231394 Listed on: 11/07/2013

The Keyes Company

Last Buyer's Agent

Haley DeSantis

Compass Florida, LLC License #3283750

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,079

Year Built

  • Built in 1959 | Newly Remodeled

Lot Details

  • 6,186

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,605 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Community Details

  • 4 Units
  • Midland 1St Add Subdivision

Listing and Financial Details

  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 504208132080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,079

Year Built

Built in 1959 | Newly Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: BROWARD BLVD WEST OF I-95 AND MAKE A LEFT ON 27TH AVE AND THEN A RIGHT ON 2ND STREET. BUILDING IS ON THE RIGHT - BLUE BUILDING
  • Year Built: 1959
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built Details: New Construction
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 2605.0

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Trash Collection, Water

Lot Info

  • Parcel #: 504208132080
  • Zoning Description: R08

Tax Info

  • Tax Year: 2013

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2013
Closed on
May 6, 2014
Sold by
Joines Barbara
Bought by
Mitchell James and Mitchell Marlene
Seller's Agent
Richard Daniels
The Keyes Company
Buyer's Agent
Haley DeSantis
Compass Florida, LLC
List Price
$250,000
Sold Price
$200,000
Premium/Discount to List
-$50,000
-20%
Current Estimated Value
$643,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$443,479
Avg. Annual Appreciation
11.62%
Original Mortgage
$150,000
Outstanding Balance
$47,274
Interest Rate
4.43%
Mortgage Type
Commercial
Estimated Equity
$647,352

Purchase Details

Listed on
Sep 17, 2012
Closed on
Dec 14, 2012
Sold by
2751 Investments Llc
Bought by
Joines Barbara
Seller's Agent
Reinaldo Cunha
Alrei Real Estate Services LLC
Buyer's Agent
Richard Daniels
Coral Shores Realty Inc
List Price
$235
Sold Price
$195,000
Premium/Discount to List
$194,765
82878.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.80%

Purchase Details

Closed on
May 4, 2011
Sold by
Paul Rudolph and Paul Raywatie
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 25, 2011
Sold by
Aurora Loan Services Llc
Bought by
2751 Investments Llc

Purchase Details

Closed on
Aug 11, 2009
Sold by
Paul Rudolph and Paul Raywatie
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 24, 2006
Sold by
Paul Rudolph and Paul Raywatie
Bought by
Paul Rudolph and Paul Raywatie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2004
Sold by
Burey Vernon D and Martin Joyceline Adassa
Bought by
Paul Rudolph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1996
Sold by
Pr Orley Burey
Bought by
Burey Vernon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,950
Interest Rate
7.85%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 1990
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
Mitchell James $200,000 Lawyers 1St Title
Joines Barbara $195,000 Nexstar Title & Escrow Llc
Aurora Loan Services Llc -- Attorney
2751 Investments Llc $106,000 Landcastle Title Llc
Aurora Loan Services Llc -- Attorney
Paul Rudolph -- Countyline Title Group
Paul Rudolph $230,000 Trinity Title & Escrow Compa
Burey Vernon D $90,000 --
Available Not $68,514 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell James $150,000
Previous Owner Paul Rudolph $348,000
Previous Owner Paul Rudolph $270,000
Previous Owner Paul Rudolph $14,000
Previous Owner Paul Rudolph $218,500
Previous Owner Burey Vernon D $30,000
Previous Owner Burey Vernon D $103,965
Previous Owner Burey Vernon D $89,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2014 05/15/14 Sold $200,000 -20.0% $77 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
11/07/2013 11/07/13 For Sale $250,000 +28.2% $96 / Sq Ft
12/14/2012 12/14/12 Sold $195,000 +82878.7% $75 / Sq Ft
11/14/2012 11/14/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $235 -- $0 / 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 $11,079 $485,820 -- --
2024 $9,772 $485,820 -- --
2023 $9,772 $401,510 $0 $0
2022 $8,571 $365,010 $0 $0
2021 $8,091 $331,830 $0 $0
2020 $7,346 $315,780 $18,530 $297,250
2019 $6,341 $274,250 $18,530 $255,720
2018 $6,202 $296,990 $18,530 $278,460
2017 $5,728 $253,480 $0 $0
2016 $5,415 $230,440 $0 $0
2015 $5,187 $218,630 $0 $0
2014 $4,734 $191,910 $0 $0
2013 -- $177,140 $18,530 $158,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1263557

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-08-13-2080