NOT LISTED FOR SALE

408 NE 12th Ave Pompano Beach, FL 33060

Downtown Pompano Beach Neighborhood

Estimated Value: $502,336 - $607,000

Studio
-- Bath
1,536 Sq Ft
$373/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $326,000 $212 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,679/month

133 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • 1-minute walk to Peter Feldman Park
  • Attic Fan
  • Ceiling Fan

About This Home

As of February 2019

Great investment opportunity available in Pompano Beach !!! Beautifully manicured grounds, Duplex is close to schools, restaurants, and highways, Property is nestled on a beautiful lot with a courtyard, plenty of parking, fantastic tenants and Leases in place. each unit gets 1200 monthly. Nothing for the new owner to do but to come in and start collecting rent!

Last Agent to Sell the Property

Kimberly Frankel

United Realty Group, Inc License #3238836 Listed on: 09/17/2018

United Realty Group, Inc

Last Buyer's Agent

Ricky Lautan

Cross Border Realty and Mgnmt License #3271351

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,452

Year Built

  • Built in 1973

Lot Details

  • 5,532

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Tar and Gravel Roof

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Attic Fan

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $28,800
  • Rent includes gardener, sewer, trash collection, water
  • Assessor Parcel Number 484236041600

Community Details

Overview

  • 2 Units
  • Pine Crest Amd 7 13 B Subdivision

Building Details

  • Net Operating Income $20,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,452

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1973
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1536.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Tar/Gravel

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Attic Fan, Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Sewer, Trash Collection, Water

Lot Info

  • Parcel #: 484236041600
  • Zoning Description: RD-1

Multi Family

  • Property Net Operating Income: 20080.0
  • Number Of Units Total: 2
  • Total Actual Rent: 28800.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3452.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2018
Closed on
Feb 28, 2019
Sold by
Williams Peter S and Williams Donna L
Bought by
Chap2 Investments Inc
Seller's Agent
Kimberly Frankel
United Realty Group, Inc
Buyer's Agent
Ricky Lautan
Cross Border Realty and Mgnmt
List Price
$369,900
Sold Price
$326,000
Premium/Discount to List
-$43,900
-11.87%
Current Estimated Value
$572,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,834
Avg. Annual Appreciation
8.51%

Purchase Details

Closed on
Aug 19, 2005
Sold by
Williams Peter S and Williams Donna L
Bought by
Williams Peter S and Williams Donna L

Purchase Details

Closed on
Sep 30, 1994
Sold by
Dewitt William L
Bought by
Williams Peter S and Williams Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
8.56%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Chap2 Investments Inc $326,000 Zenith Title Co
Williams Peter S -- --
Williams Peter S $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Peter S $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $326,000 -11.9% $212 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
09/17/2018 09/17/18 For Sale $369,900 -- $241 / 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 $8,571 $397,540 -- --
2024 $7,705 $397,540 $38,660 $319,840
2023 $7,705 $328,550 $0 $0
2022 $6,649 $298,690 $38,660 $260,030
2021 $6,295 $283,420 $38,660 $244,760
2020 $6,197 $283,420 $38,660 $244,760
2019 $4,205 $198,800 $38,660 $160,140
2018 $3,934 $203,890 $38,660 $165,230
2017 $3,452 $145,980 $0 $0
2016 $3,116 $132,710 $0 $0
2015 $2,886 $120,650 $0 $0
2014 $2,657 $109,690 $0 $0
2013 -- $113,060 $38,660 $74,400
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kimberly Frankel

    United Realty Group, Inc

    (754) 204-0535

    2 in this area

    24 Total Sales

    Kimberly Frankel
    Section Image

  • R

    Buyer's Agent in 2019

    Ricky Lautan

    Cross Border Realty and Mgnmt

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10141338

BeachesMLS (Greater Fort Lauderdale)

APN: 48-42-36-04-1600

Florida Broward County Pompano Beach 33060 Downtown Pompano Beach

408 NE 12th Ave, Pompano Beach, FL

Not Listed for Sale

MultiFamily

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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearby Homes