NOT LISTED FOR SALE

348 SW 2nd Place Pompano Beach, FL 33060

South Dixie Neighborhood

Estimated Value: $544,000 - $801,000

3 Beds
3 Baths
1,830 Sq Ft
$358/Sq Ft Est. Value

Last Sold May 23, 2023

Last sale price $350,750 $192 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,028/month

54 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • No Heating

About This Home

As of May 2023

WE CURRENTLY HAVE MULTIPLE OFFERS. For those seeking an investment property, this tri-plex offers great income potential. In the heart of Pompano Beach close to public transportation, shopping and restaurants. Units are in need of TLC and there are currently fines that need to be cleared with the city of Pompano Beach. Sold as a portfolio of 6 units with 352 SW 2nd Place (F10369736) (directly adjacent tri-plex). CASH ONLY. This property has fines for previously cleared code violations of $470,200 but there is a special magistrate hearing on March 22nd to get them significantly reduced and will have 30 days to pay. PLEASE DO NOT WALK PROPERTY OR DISTURB TENANTS.

Last Agent to Sell the Property

Crystal Beatty

RE/MAX Preferred License #3449113 Listed on: 02/27/2023

RE/MAX Preferred

Last Buyer's Agent

Daniel Letourneau

Homeinc Realty LLC License #3339053

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,884

Year Built

  • Built in 1971

Lot Details

  • 6,011

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Fixer Upper
  • Shingle Roof
  • Wood Roof

Interior Spaces

  • 1,830 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Cable TV Available

Community Details

  • 3 Units
  • Avondale 6 29 B Subdivision

Listing and Financial Details

  • Rent includes sewer, trash collection
  • Assessor Parcel Number 494202020048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,884

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Year Built: 1971
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1830.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale, Fixer
  • Roof: Shingle, Wood

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Trash Collection
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 494202020048
  • Zoning Description: RM-30

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4884.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2024
Sold by
Buy Rent Sell Now Llc
Bought by
Ja Lee Inc
Current Estimated Value
$655,667

Purchase Details

Listed on
Feb 27, 2023
Closed on
May 19, 2023
Sold by
Paa Llc
Bought by
Buy Rent Sell Now Llc
Seller's Agent
Crystal Beatty
RE/MAX Preferred
Buyer's Agent
Daniel Letourneau
Homeinc Realty LLC
List Price
$335,000
Sold Price
$350,750
Premium/Discount to List
$15,750
4.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.97%
Original Mortgage
$775,000
Interest Rate
8%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 20, 2002
Sold by
Kraus Thomas E
Bought by
Paa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 15, 2000
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Mar 7, 1994
Sold by
Draus William E and Kraus Loretta V
Bought by
Kraus Loretta
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
Ja Lee Inc $1,015,000 None Listed On Document
Ja Lee Inc $1,015,000 None Listed On Document
Buy Rent Sell Now Llc $701,500 None Listed On Document
Paa Llc $120,000 --
Kraus Thomas E -- --
Available Not $10,000 --
Kraus Loretta -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buy Rent Sell Now Llc $775,000
Previous Owner Paa Llc $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2023 05/23/23 Sold $350,750 +4.7% $192 / Sq Ft
04/23/2023 04/23/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $335,000 -- $183 / 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 $7,230 $410,370 $36,000 $374,370
2024 $6,067 $305,590 $36,000 $269,590
2023 $6,067 $179,450 $0 $0
2022 $4,884 $163,140 $0 $0
2021 $4,608 $148,310 $0 $0
2020 $3,986 $226,500 $36,000 $190,500
2019 $3,692 $201,330 $36,000 $165,330
2018 $3,504 $210,320 $36,000 $174,320
2017 $2,968 $101,310 $0 $0
2016 $2,469 $92,100 $0 $0
2015 $2,293 $83,730 $0 $0
2014 $2,129 $76,120 $0 $0
2013 -- $77,050 $36,000 $41,050
Source: Public Records

Agents Affiliated with this Home

  • Crystal Beatty

    Seller's Agent in 2023

    Crystal Beatty

    RE/MAX

    (954) 465-8384

    3 in this area

    48 Total Sales

    Crystal Beatty
    Section Image

  • D

    Buyer's Agent in 2023

    Daniel Letourneau

    Homeinc Realty LLC

    (954) 635-5558

    5 in this area

    108 Total Sales

    Daniel Letourneau
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10369727

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-02-02-0048

Florida Broward County Pompano Beach 33060 South Dixie

348 SW 2nd Place, Pompano Beach, FL

Not Listed for Sale

MultiFamily

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