NOT LISTED FOR SALE

3225 NE 5th St Pompano Beach, FL 33062

Estimated Value: $711,000 - $1,898,000

0.13 Acre
$9,617,946 Price per Acre
5,700 Sq Ft Lot

Last Sold May 06, 2021

Last sale price $575,000 $291 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $7,101/month

72 Days on Market

About This Lot

As of May 2021

Ideal Location between the Ocean and Intracoastal. These two lots (3225 and 3229 NE 5th St.) are being sold together for a total Price of $1.2M, but Seller is willing to discuss selling them separately. Zoned RM-45. Located a half block from the Atlantic Ocean and Intracoastal and 0.3 miles from Pompano Beach Pier, Pompano Beach House and Oceanic. Build a single family home or two, multiple townhomes or a condominium building. All measurements and information must be be confirmed by buyer's survey, local land use counsel and land planner.

Last Agent to Sell the Property

Aaron Adler

Aaron S. Adler, PA License #3298016 Listed on: 01/23/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,947

Lot Details

  • 5,700 Sq Ft Lot
  • South Facing Home
  • Property is zoned RM-45

Community Details

  • Silver Beach 22 32 B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 484331080280

Property Details

Property Type

Land

Est. Annual Taxes

$6,947

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Residential
  • Property Sub Type Additional: Residential
  • Special Features: VirtualTour

Exterior Features

  • Waterfront: No
  • Direction Faces: South

Lot Info

  • Parcel #: 484331080280
  • Development Status: Raw Land
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5700.0
  • Number Of Lots: 1
  • Zoning Description: RM-45
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6947.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2021
Closed on
May 5, 2021
Sold by
Cedar Crescent Partnership
Bought by
Vivenza Inc
Seller's Agent
Aaron Adler
Aaron S. Adler, PA
List Price
$1,500,000
Sold Price
$575,000
Premium/Discount to List
-$925,000
-61.67%
Current Estimated Value
$1,250,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$675,333
Avg. Annual Appreciation
18.93%

Purchase Details

Closed on
Sep 12, 2015
Sold by
Universal Realty Group Of Florida Six Ll
Bought by
Kassis Development Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.93%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 18, 2004
Sold by
Shapiro Martin and Chase Linda
Bought by
Universal Realty Group Of Fl Six Llc

Purchase Details

Closed on
Jan 21, 2004
Sold by
Pepitone Joseph and Pepitone Joseph P
Bought by
Shapiro Martin and Chase Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2003
Sold by
Praizner Christopher
Bought by
Pepitone Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage
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
Vivenza Inc $1,150,000 Empire Title Services
Kassis Development Group Inc $970,000 Galaxy Title & Escrow Llc
Universal Realty Group Of Fl Six Llc $1,200,000 Specialist Title & Escrow Ll
Shapiro Martin $435,000 --
Pepitone Joseph $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kassis Development Group Inc $220,000
Previous Owner Shapiro Martin $326,250
Previous Owner Pepitone Joseph $238,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2021 05/06/21 Sold $575,000 -61.7% $291 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
01/23/2021 01/23/21 For Sale $1,500,000 -- $759 / 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 $6,512 $327,750 $327,750 --
2024 $24,852 $327,750 $327,750 --
2023 $24,852 $1,138,000 $0 $0
2022 $21,299 $1,034,550 $1,034,550 $0
2021 $7,065 $342,000 $342,000 $0
2020 $6,947 $342,000 $342,000 $0
2019 $7,001 $342,000 $342,000 $0
2018 $6,895 $342,000 $342,000 $0
2017 $6,792 $342,000 $0 $0
2016 $6,328 $313,500 $0 $0
2015 $3,536 $137,940 $0 $0
2014 $2,633 $125,400 $0 $0
2013 -- $125,400 $125,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Aaron Adler

    Seller's Agent in 2021

    Aaron Adler

    Aaron S. Adler, PA

    (561) 923-8600

    2 in this area

    5 Total Sales

    Aaron Adler
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10268044

BeachesMLS (Greater Fort Lauderdale)

APN: 48-43-31-08-0280

Florida Broward County Pompano Beach 33062

3225 NE 5th St, Pompano Beach, FL

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