NOT LISTED FOR SALE

414 NW 15th Way Fort Lauderdale, FL 33311

Dorsey Riverbend Neighborhood

Estimated Value: $411,000 - $514,000

2 Beds
2 Baths
1,372 Sq Ft
$326/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $327,000 $238 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,934/month

6 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of February 2022

CASH COW POTENTIAL: Excellent investment opportunity to own this income producing Duplex in desirable Fort Lauderdale area. Close to beaches, downtown, banks, convenience stores, grocery stores and gas stations. Property has been recently painted, has central A/C and two parking spaces per unit. This Duplex features a very attractive layout with both units been 2/1. All units are on annual leases generating income from day 1. The current Annual Gross Income is $23,340.00 with the opportunity for the new owner to increase it to $31,200 by doing some minor cosmetic renovations. Don’t miss this incredible opportunity! Please do not bother tenants.

Last Agent to Sell the Property

Alberto Mazatan

United Realty Group Inc License #3371363 Listed on: 01/27/2022

United Realty Group Inc

Last Buyer's Agent

Delamarie Co Braveboy

MMLS Assoc.-Inactive Member License #3470018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,830

Year Built

  • Built in 1953

Lot Details

  • 5,663

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Substantially Remodeled
  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,372 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Dorsey Park First Add Condos
  • Dorsey Park First Add Subdivision

Listing and Financial Details

  • Rent includes gardener, trash collection
  • Assessor Parcel Number 504204240670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,830

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Property Sub Type: Duplex
  • Directions: I-95 to Broward Blvd head east. make a left onto Nw 15th Ave, another left onto Nw 4th St, and a right onto Nw 15th Way and the property will be on the right.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: DORSEY PARK FIRST ADD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1372
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Flat Tile
  • 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: DORSEY PARK FIRST ADD
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • 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: 504204240670
  • Zoning: RS-8
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Trash Collection

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4830

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2022
Closed on
Mar 31, 2022
Sold by
John Hill
Bought by
Nw 15Th Way Holdings Llc
Seller's Agent
Alberto Mazatan
United Realty Group Inc
Buyer's Agent
Delamarie Co Braveboy
MMLS Assoc.-Inactive Member
List Price
$310,000
Sold Price
$327,000
Premium/Discount to List
$17,000
5.48%
Current Estimated Value
$447,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,222
Avg. Annual Appreciation
9.22%
Original Mortgage
$248,000
Outstanding Balance
$234,325
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$212,897

Purchase Details

Listed on
Jan 27, 2022
Closed on
Feb 23, 2022
Sold by
Quantum Capital Investments Holding 1 Ll
Bought by
Hill John
Seller's Agent
Alberto Mazatan
United Realty Group Inc
Buyer's Agent
Delamarie Co Braveboy
MMLS Assoc.-Inactive Member
List Price
$310,000
Sold Price
$327,000
Premium/Discount to List
$17,000
5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Outstanding Balance
$234,325
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$212,897

Purchase Details

Closed on
Nov 12, 2013
Sold by
Between Cofab Properties Llc
Bought by
Fabian Properties Llc

Purchase Details

Listed on
Feb 7, 2013
Closed on
Apr 19, 2013
Sold by
Fannie Mae
Bought by
Cofab Properties Llc
Seller's Agent
Steve McAleer
The Agency Florida LLC
List Price
$74,900
Sold Price
$77,000
Premium/Discount to List
$2,100
2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.24%

Purchase Details

Closed on
Jan 23, 2013
Sold by
Sorto Rosa D and Sorto Ventura
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 30, 2004
Sold by
Currithers Althea
Bought by
Sorto Ventura and Sorto Rosa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2003
Sold by
Davis Arthur and Davis Joy
Bought by
Currithers Althea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,025
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2001
Sold by
Godlstein Dev Llc C
Bought by
Davis Athur and Davis Joy

Purchase Details

Closed on
Jun 28, 2001
Sold by
Of Hud Secretary I
Bought by
Keystone Halls Inc

Purchase Details

Closed on
Sep 21, 1999
Sold by
Anderson Latosha
Bought by
Dukes Stanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,795
Interest Rate
7.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 1999
Sold by
Howard Kratenstein Tr
Bought by
Anderson Latosha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,795
Interest Rate
7.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 1998
Sold by
Wright Morey
Bought by
Kratenstein Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,647
Interest Rate
7.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 21, 1997
Sold by
Mondell & Associates Inc
Bought by
Wright Morey

Purchase Details

Closed on
Feb 8, 1996
Sold by
Walker Thomas B and Walker Alice Mai
Bought by
Mondell & Associates Inc
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
Nw 15Th Way Holdings Llc -- Independence Title
Hill John $327,000 Independence Title
Fabian Properties Llc -- None Available
Cofab Properties Llc $77,000 Attorney
Federal National Mortgage Association -- None Available
Sorto Ventura $137,000 All Florida Title Co Inc
Currithers Althea $109,500 Township Land & Title Inc
Davis Athur $97,000 --
Goldstein Dev Llc $45,000 --
Walker Larry $35,000 --
Keystone Halls Inc $25,200 --
Dukes Stanley $102,000 --
Anderson Latosha $58,000 --
Kratenstein Howard $110,000 --
Wright Morey $55,000 --
Mondell & Associates Inc $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nw 15Th Way Holdings Llc $248,000
Previous Owner Sorto Ventura $109,600
Previous Owner Currithers Althea $104,025
Previous Owner Mondell & Associates Inc $21,795
Previous Owner Mondell & Associates Inc $16,647
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $327,000 +5.5% $238 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $310,000 +47.9% $226 / Sq Ft
07/15/2019 07/15/19 Sold $209,583 -4.7% $164 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
12/01/2018 12/01/18 For Sale $220,000 +185.7% $172 / Sq Ft
04/23/2013 04/23/13 Sold $77,000 +2.8% $56 / Sq Ft
03/24/2013 03/24/13 Pending -- -- --
02/07/2013 02/07/13 For Sale $74,900 -- $55 / 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 $6,611 $315,840 -- --
2024 $6,809 $287,130 $16,950 $270,180
2023 $6,809 $296,780 $16,950 $279,830
2022 $5,158 $216,860 $16,950 $199,910
2021 $4,849 $201,030 $16,950 $184,080
2020 $4,830 $201,030 $16,950 $184,080
2019 $2,570 $126,900 $16,950 $109,950
2018 $2,191 $108,370 $16,950 $91,420
2017 $2,046 $76,240 $0 $0
2016 $1,954 $69,310 $0 $0
2015 $1,689 $63,010 $0 $0
2014 $1,594 $57,290 $0 $0
2013 -- $54,850 $16,950 $37,900
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alberto Mazatan

    United Realty Group Inc

    Section Image

  • D

    Buyer's Agent in 2022

    Delamarie Co Braveboy

    MMLS Assoc.-Inactive Member

  • 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
  • Steve McAleer

    Seller's Agent in 2013

    Steve McAleer

    The Agency Florida LLC

    (305) 203-5085

    1 in this area

    36 Total Sales

    Steve McAleer
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11152476

MIAMI REALTORS® MLS

APN: 50-42-04-24-0670

Florida Broward County Fort Lauderdale 33311 Dorsey Riverbend

414 NW 15th Way, Fort Lauderdale, FL

This home is located at 414 NW 15th Way, Fort Lauderdale, FL 33311 since 27 January 2022 and is currently estimated at $447,222, approximately $325 per square foot. This property was built in 1953. 414 NW 15th Way is a home located in Broward County with nearby schools including North Fork Elementary School, Parkway Middle School, and Stranahan 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.

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