NOT LISTED FOR SALE

3550 NW 114th Ln Unit 3550-3554 Coral Springs, FL 33065

Wood Lake Neighborhood

Estimated Value: $1,119,000 - $1,369,000

8 Beds
8 Baths
4,400 Sq Ft
$285/Sq Ft Est. Value

Last Sold May 31, 2018

Last sale price $740,000 $168 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,435/month

48 Days on Market

Highlights

  • Patio
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of May 2018

Fourplex for sale AS IS in Coral Springs. 4 units, each unit has 3 bedrooms and 2 baths, washer and dryer. Gross Annual income: $71,520. Expenses include: Taxes $11,200 Lawn $900 Water $3300 Insurance $3300. Net annual income of $52,820.00. CAP 6.6%. 2 Parking spots per unit, a total of 8 parking spots. Roof is 6 years old, in great condition. Close to grocery stores, restaurants, gas stations and Sawgrass expressway. One block from Sample Road. Do not bother tenants!! Appointment required

Last Agent to Sell the Property

Sarah Fernandes

LoKation License #3347830 Listed on: 03/13/2018

LoKation

Last Buyer's Agent

Sarah Fernandes

LoKation License #3347830 Listed on: 03/13/2018

LoKation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,200

Year Built

  • Built in 1988

Lot Details

  • 0.27

Home Design

  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 4,400 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Patio
  • Sprinkler System

Listing and Financial Details

  • Assessor Parcel Number 484117061240

Community Details

Overview

  • 4 Units
  • Castlewood Subdivision

Building Details

  • Operating Expense $18,700
  • Net Operating Income $52,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,200

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: SAMPLE ROAD JUST EAST OF CORAL RIDGE DR TO 114TH AVE, MAKE A LEFT BUILDING WILL BE ON YOUR LEFT SIDE.
  • Year Built: 1988
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile
  • Living Area: 4400.0

Exterior Features

  • Exterior Features: Patio
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Flat, Tile

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 484117061240
  • Zoning Description: multifam

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 52820.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 18700.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 11200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2018
Closed on
May 31, 2018
Sold by
Cres Investment Of Florida Llc
Bought by
Ymcm Investments Inc
Seller's Agent
Sarah Fernandes
LoKation
Buyer's Agent
Sarah Fernandes
LoKation
List Price
$795,000
Sold Price
$740,000
Premium/Discount to List
-$55,000
-6.92%
Current Estimated Value
$1,253,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$513,365
Avg. Annual Appreciation
7.40%

Purchase Details

Closed on
Apr 21, 2014
Sold by
Jaschinski Peter
Bought by
Cres Investment Of Florida Llc

Purchase Details

Closed on
Apr 1, 1988
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
Ymcm Investments Inc $740,000 Attorney
Cres Investment Of Florida Llc $450,000 Title & Escrow Network
Available Not $170,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2018 05/31/18 Sold $740,000 -6.9% $168 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $795,000 -- $181 / Sq Ft
Source: BeachesMLS

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 $21,474 $922,280 -- --
2024 $18,966 $922,280 -- --
2023 $18,966 $762,220 $82,130 $680,090
2022 $17,604 $712,660 $0 $0
2021 $16,140 $647,880 $82,130 $565,750
2020 $15,282 $621,640 $82,130 $539,510
2019 $14,986 $604,770 $82,130 $522,640
2018 $13,447 $593,520 $82,130 $511,390
2017 $12,323 $497,710 $0 $0
2016 $10,957 $452,470 $0 $0
2015 $11,339 $462,310 $0 $0
2014 $7,251 $256,090 $0 $0
2013 -- $235,120 $82,130 $152,990
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sarah Fernandes

    LoKation

    (561) 856-5479

    3 Total Sales

    Sarah Fernandes
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Map

Source: BeachesMLS

MLS Number: R10413802

BeachesMLS

APN: 48-41-17-06-1240

Florida Broward County Coral Springs 33065 Wood Lake

3550 NW 114th Ln Unit 3550-3554, Coral Springs, FL

This home is located at 3550 NW 114th Ln Unit 3550-3554, Coral Springs, FL 33065 since 13 March 2018 and is currently estimated at $1,253,365, approximately $284 per square foot. This property was built in 1988. 3550 NW 114th Ln Unit 3550-3554 is a home located in Broward County with nearby schools including Coral Springs Elementary School, Coral Springs Middle School, and Coral Glades 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.

BeachesMLS 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.

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