NOT LISTED FOR SALE

3420 NE 16th Terrace Pompano Beach, FL 33064

Cresthaven Neighborhood

Estimated Value: $707,000 - $1,031,000

7 Beds
6 Baths
3,174 Sq Ft
$281/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $463,000 $146 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $5,945/month

95 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of April 2019

Fourplex with large fenced in lot, centralized A/C unit, and large oversized units. The property consists of one 3/1, one 2/2 and two 1/1 units that are 100% leased at below market rates. This two-story building features CBS construction, central A/C, and ceramic tile flooring. Potential to remodel and raise rents. Amazing opportunity in Pompano Beach that will not last!

THIS PROPERTY MAY BE PURCHASED INDIVIDUALLY or in any combination with the other 24 properties in this portfolio offering. Showings are by appointment only. Do not disturb the tenants. Call us for more information on this property or the other properties in this portfolio.

Last Agent to Sell the Property

Julie Abolafia

Meridian Commercial License #3129097 Listed on: 12/17/2018

Co-Listed By

Douglas Driver

Meridian Commercial License #0672274

Last Buyer's Agent

Douglas Driver

Meridan Realty Advisors, Inc License #0672274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,927

Year Built

  • Built in 1967

Lot Details

  • 7,013

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Cresthaven 9 Replat Condos
  • Cresthaven 9 Replat Subdivision

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 484224190100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,927

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1967
  • Property Sub Type: Quadruplex
  • Co List Office Mls Id: MDNC01
  • Co List Office Phone: 754-900-1900
  • Directions: I-95 to Sample Rd. Head East to NE 16th Terr. The property will be on the left.
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: CRESTHAVEN 9 REPLAT
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CRESTHAVEN 9 REPLAT
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 484224190100
  • Zoning: RM-12
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6927

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2018
Closed on
Apr 4, 2019
Sold by
Cofab Properties Llc
Bought by
3420 Pompano Investments Llc
Seller's Agent
Julie Abolafia
Meridian Commercial
Buyer's Agent
Douglas Driver
Meridan Realty Advisors, Inc
List Price
$495,000
Sold Price
$463,000
Premium/Discount to List
-$32,000
-6.46%
Total Days on Market
95
Current Estimated Value
$891,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,608
Avg. Annual Appreciation
13.41%

Purchase Details

Closed on
Oct 24, 2013
Sold by
Deutsche Bnk National Trust Company
Bought by
Cofab Properties Llc

Purchase Details

Closed on
Dec 11, 2012
Sold by
Barton Daniel W
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 28, 2004
Sold by
Barton Daniel W and Barton Canfield C
Bought by
Barton Daniel W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2001
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Jun 1, 1981
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
3420 Pompano Investments Llc $463,000 Attorney
Cofab Properties Llc $250,299 Premium Title Services Inc
Deutsche Bank National Trust Company $220,200 None Available
Barton Daniel W $101,400 Mortgage Information Service
Available Not $225,000 --
Available Not $96,429 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barton Daniel W $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2019 04/05/19 Sold $463,000 -6.5% $146 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
12/01/2018 12/01/18 For Sale $495,000 -- $156 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $11,562 $544,750 -- --
2024 $10,826 $508,360 $49,000 $459,360
2023 $10,826 $450,210 $0 $0
2022 $9,426 $409,290 $49,000 $360,290
2021 $9,832 $433,350 $49,000 $384,350
2020 $9,511 $424,860 $49,000 $375,860
2019 $8,612 $389,480 $49,000 $340,480
2018 $7,933 $381,390 $49,000 $332,390
2017 $6,927 $307,390 $0 $0
2016 $6,251 $279,450 $0 $0
2015 $5,877 $254,050 $0 $0
2014 $5,385 $230,960 $0 $0
2013 -- $143,390 $49,000 $94,390
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Julie Abolafia

    Meridian Commercial

    (754) 900-1900

    14 Total Sales

    Julie Abolafia
    Section Image
  • Douglas Driver

    Seller Co-Listing Agent in 2019

    Douglas Driver

    Meridian Commercial

    (954) 865-1453

    2 Total Sales

    Douglas Driver
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10587263

MIAMI REALTORS® MLS

APN: 48-42-24-19-0100

Florida Broward County Pompano Beach 33064 Cresthaven

3420 NE 16th Terrace, Pompano Beach, FL

This home is located at 3420 NE 16th Terrace, Pompano Beach, FL 33064 since 17 December 2018 and is currently estimated at $891,608, approximately $280 per square foot. This property was built in 1967. 3420 NE 16th Terrace is a home located in Broward County with nearby schools including Cresthaven Elementary School, Crystal Lake Middle School, and Deerfield Beach 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes