NOT LISTED FOR SALE

Estimated Value: $967,856 - $1,159,000

8 Beds
8 Baths
3,299 Sq Ft
$333/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $1,014,300 $307 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,542/month

37 Days on Market

Highlights

  • Home fronts a canal
  • Central Heating and Cooling System
  • 3-minute walk to Pride Promoters Park
  • No HOA

About This Home

As of October 2023

Prime Investment in Coral Springs! This impressive two-story fourplex, located in the heart of Coral Springs, is a prime opportunity for savvy investors. With all units boasting 2 bedrooms and 2 bathrooms, this spacious property is in excellent condition. The area is experiencing significant growth and development, making it an ideal time to invest. Market rents in the neighborhood can fetch up to $2,300 per unit, and a minor renovation could easily bring the units up to par. The roof has 10+ years left until it would need to be replaced. Don't miss out on this chance to secure a solid investment in a thriving community. Contact us today to seize this Coral Springs gem!

Last Agent to Sell the Property

Ariel Levi

Fausto Commercial Realty Consultants Inc License #3470141 Listed on: 09/05/2023

Last Buyer's Agent

Roshy Rajan

Professional Real Estate Group License #3154819

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,260

Year Built

  • Built in 1972

Lot Details

  • 7,405

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,299 Sq Ft Home
  • 2-Story Property

Additional Features

  • Home fronts a canal
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Coral Springs Sub No 1 Condos
  • Coral Springs Sub No 1 Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 484114012760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,260

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1972
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: CORAL SPRINGS SUB NO 1
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Other
  • Living Area: 3299
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Flat Tile
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront Features: Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: CORAL SPRINGS SUB NO 1
  • Total Parking Spaces: 6

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: 484114012760
  • Zoning: RM-20
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 14260

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
Oct 12, 2023
Sold by
Sankaranarayanan Karthik and Fragoso Jorge Luis
Bought by
Jain Rahul
Seller's Agent
Ariel Levi
Fausto Commercial Realty Consultants Inc
Buyer's Agent
Roshy Rajan
Professional Real Estate Group
List Price
$1,125,000
Sold Price
$1,014,300
Premium/Discount to List
-$110,700
-9.84%
Views
44
Current Estimated Value
$1,097,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,914
Avg. Annual Appreciation
3.50%
Original Mortgage
$710,010
Outstanding Balance
$699,247
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$384,970

Purchase Details

Listed on
Apr 21, 2017
Closed on
Jun 1, 2017
Bought by
Sankaranarayanan Karthik
Seller's Agent
Cristina Penarrocha
CasaMagna Realty LLC
Buyer's Agent
Cristina Penarrocha
CasaMagna Realty LLC
List Price
$550,000
Sold Price
$540,000
Premium/Discount to List
-$10,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.47%

Purchase Details

Listed on
Aug 17, 2015
Closed on
Aug 5, 2015
Sold by
Sciolini Vivian
Bought by
Baci Investment Llc
Seller's Agent
Ricardo Arosemena
CasaMagna Realty LLC
Buyer's Agent
Jose Nigaglioni
Century 21 Richards Realty
Sold Price
$1,050

Purchase Details

Closed on
Sep 5, 2013
Sold by
Fannie Mae
Bought by
Sciolini Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,946
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2012
Sold by
Castillo Hugh and Castillo Berta
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 19, 2004
Sold by
Saha Kamal and Saha Erlinda
Bought by
Castillo Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,520
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 1997
Sold by
Lester and Salkey Elaine Salkey
Bought by
Saha Kamal and Saha Erlinda

Purchase Details

Closed on
Feb 1, 1991
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
Jain Rahul $1,014,300 None Listed On Document
Sankaranarayanan Karthik $540,000 --
Baci Investment Llc $420,000 Attorney
Sciolini Vivian $312,000 Title & Abstract Agency Of A
Federal National Mortgage Association $226,800 None Available
Castillo Hugo $448,000 --
Saha Kamal $150,000 --
Available Not $96,643 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jain Rahul $710,010
Previous Owner Sciolini Vivian $376,946
Previous Owner Castillo Hugo $331,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $1,014,300 -9.8% $307 / Sq Ft
09/05/2023 09/05/23 For Sale $1,125,000 +108.3% $341 / Sq Ft
06/15/2017 06/15/17 Sold $540,000 -1.8% $171 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
04/21/2017 04/21/17 For Sale $550,000 0.0% $175 / Sq Ft
08/17/2015 08/17/15 Rented $1,050 0.0% --
08/17/2015 08/17/15 For Rent $1,050 -- --
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 $20,971 $812,720 $51,950 $760,770
2024 $15,787 $852,310 $51,950 $800,360
2023 $15,787 $606,580 $0 $0
2022 $14,260 $551,440 $51,950 $499,490
2021 $14,170 $551,440 $51,950 $499,490
2020 $13,865 $551,530 $51,950 $499,580
2019 $13,514 $532,530 $51,950 $480,580
2018 $12,704 $525,170 $55,670 $469,500
2017 $11,079 $437,530 $0 $0
2016 $9,871 $397,760 $0 $0
2015 $8,340 $306,880 $0 $0
2014 $7,566 $278,990 $0 $0
2013 -- $174,940 $55,670 $119,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11446944

MIAMI REALTORS® MLS

APN: 48-41-14-01-2760