$617,500
SOLD JUN 12, 2024
-- Bed
-- Bath
2,214 Sq Ft
6,260 Sq Ft Lot

Recently Sold

$279 Per Sq Ft

11% Below List Price

51 Days on Market

Highlights

  • Garden View
  • Open Patio
  • Central Heating and Cooling System
  • Porch
  • Tile Flooring
  • 3-minute walk to Peter Feldman Park

About This Home

As of June 2024

Amazing opportunity to own a duplex in Old Pompano. 500 & 420 are both on the market valued at $668,000 EACH. EACH building consists of one 2 bedroom 1 bathroom unit and 1, 3 bedroom 2 bathroom unit. Each unit has its own private laundry room, and private fenced in backyard. The two buildings share a guest parking spot in the middle. No expense was spared when building and renovating these units. The building has marble base and marble window sills. All interiors have been upgraded in the last 2-3 years. The units are located in a very high elevation with no threat of flooding. All units come equipped with panel hurricane shutters. All tenant are paying below market rents and are on month to month basis. Only one unit is empty. Step into immediate cash flow. Schedule private tour now

Last Agent to Sell the Property

Meghan Stewart Romanelli

Compass Florida LLC License #3479030 Listed on: 04/20/2024

Compass Florida LLC

Last Buyer's Agent

Meghan Stewart Romanelli

Compass Florida LLC License #3479030 Listed on: 04/20/2024

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,208

Year Built

  • Built in 1973

Lot Details

  • 6,260 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Flat Roof Shape
  • Tile Roof
  • Concrete Roof

Interior Spaces

  • 2,214 Sq Ft Home
  • Blinds
  • Tile Flooring
  • Garden Views

Outdoor Features

  • Open Patio
  • Porch

Schools

  • Pompano Bch Elementary School
  • Pompano Beach Middle School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 484236041732

Community Details

Overview

  • 2 Units
  • Old Pompano Subdivision

Building Details

  • Operating Expense $15,000
  • Net Operating Income $29,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,208

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: ATLANTIC BLVD EAST OF DIXIE WEST OF FEDERAL. NORTH ON 11TH AVE
  • Year Built: 1973
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile
  • Living Area: 2214.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence, Porch, Patio
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Concrete, Flat, Tile

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Pompano Bch Elem
  • Middle Or Junior School: Pompano Beach

Lot Info

  • Parcel #: 484236041732
  • Lot Size: < 1/4 Acre,West of US-1
  • Lot Size Sq Ft: 6260.0
  • Zoning Description: RD-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 29100.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 15000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7208.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2024
Closed on
Jun 12, 2024
Sold by
Sipala William J
Bought by
Lampert Group Holdings Llc
Seller's Agent
Meghan Stewart Romanelli
Compass Florida LLC
Buyer's Agent
Meghan Stewart Romanelli
Compass Florida LLC
List Price
$690,000
Sold Price
$617,500
Premium/Discount to List
-$72,500
-10.51%
Total Days on Market
51
Views
30
Current Estimated Value
$669,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,993
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Jul 14, 2015
Sold by
Sipala Joseph and Sipala Dolores M
Bought by
Sipala Joseph and Sipala Dolores M
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $1,235,000 Attorneys Key Title
Interfamily Deed Transfer -- Blue Marlin Title Corp
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2024 06/12/24 Sold $617,500 -7.6% $279 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/07/2024 05/07/24 Price Changed $668,000 -3.2% $302 / Sq Ft
04/20/2024 04/20/24 For Sale $690,000 -- $312 / 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 $8,709 $573,380 $43,820 $529,560
2024 $7,208 $494,300 $43,820 $450,480
2023 $7,208 $314,230 $43,820 $270,410
2022 $6,557 $294,220 $43,820 $250,400
2021 $6,243 $280,880 $43,820 $237,060
2020 $5,988 $308,510 $43,820 $264,690
2019 $5,553 $283,740 $43,820 $239,920
2018 $5,195 $290,410 $43,820 $246,590
2017 $4,566 $192,670 $0 $0
2016 $4,102 $175,160 $0 $0
2015 $3,782 $159,240 $0 $0
2014 -- $144,770 $0 $0
2013 -- $154,250 $43,820 $110,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10980079

BeachesMLS

APN: 48-42-36-04-1732