NOT LISTED FOR SALE

497 NW 40th Ct Oakland Park, FL 33309

Prospect Gardens Neighborhood

Estimated Value: $753,000 - $1,105,000

8 Beds
4 Baths
2,940 Sq Ft
$292/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $433,333 $147 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $6,056/month

95 Days on Market

Highlights

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

About This Home

As of May 2019

Fourplex in Oakland Park, central A/C, large lot with lush landscaping. Each unit has a front and back door. The property consists of four 2-bed/1-bath units that are 100% leased at below market rates. This single-story building features CBS construction and ceramic tile flooring. Great remodel/redevelopment opportunity. Amazing opportunity in Oakland Park that will not last!

THIS PROPERTY MAY BE PURCHASED INDIVIDUALLY or in any combination with the other 24 properties in this portfolio offering. Showings are by appointment only. Do not disturb the tenants. Call us for more information on this property or the other properties in this portfolio.

Last Agent to Sell the Property

Julie Abolafia

Meridian Commercial License #3129097 Listed on: 12/13/2018

Co-Listed By

Douglas Driver

Meridian Commercial License #0672274

Last Buyer's Agent

Douglas Driver

Meridan Realty Advisors, Inc License #0672274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,869

Year Built

  • Built in 1970

Lot Details

  • 8,843

Parking

  • 7 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Tile Flooring

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • Prospect Gardens Condos
  • Prospect Gardens Subdivision

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 494222082020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,869

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1970
  • Property Sub Type: Quadruplex
  • Co List Office Mls Id: MDNC01
  • Co List Office Phone: 754-900-1900
  • Directions: I-95 to Oakland Park Blvd, right onto powerline road, left onto Nw 40th St, left onto Nw 5th Ave, right onto 40th Ct. Property will be on the left.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: PROSPECT GARDENS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • 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: PROSPECT GARDENS
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494222082020
  • Zoning: RM-16
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7869

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2018
Closed on
May 17, 2019
Sold by
497 40Th Ct Llc
Bought by
Mk Poakland Inc
Seller's Agent
Julie Abolafia
Meridian Commercial
Buyer's Agent
Douglas Driver
Meridan Realty Advisors, Inc
List Price
$450,000
Sold Price
$433,333
Premium/Discount to List
-$16,667
-3.7%
Current Estimated Value
$859,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,536
Avg. Annual Appreciation
8.87%

Purchase Details

Listed on
Jan 28, 2013
Closed on
Jan 31, 2014
Sold by
Dreams Investment Group Llc
Bought by
497 40Th Ct Llc
Seller's Agent
Herold Pierre
Londyn Belle Home Services Inc
Buyer's Agent
Herold Pierre
Londyn Belle Home Services Inc
List Price
$120,000
Sold Price
$230,000
Premium/Discount to List
$110,000
91.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.72%
Original Mortgage
$150,500
Interest Rate
4.51%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 2006
Sold by
Maitre Oudmond
Bought by
Maitre Oudmond and Maitre Ozanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,500
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 1999
Sold by
Haase Frank R and Haase Irene E
Bought by
Maitre Oudmond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
6.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1985
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
Mk Poakland Inc $433,400 Attorney
497 40Th Ct Llc $230,000 Attorney
Maitre Oudmond -- Landmark Title Services
Maitre Oudmond $152,000 --
Available Not $87,714 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 497 40Th Ct Llc $150,500
Previous Owner Maitre Oudmond $279,500
Previous Owner Maitre Oudmond $143,000
Previous Owner Maitre Oudmond $136,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2019 05/15/19 Sold $433,333 -3.7% $147 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
12/01/2018 12/01/18 For Sale $450,000 +95.7% $153 / Sq Ft
01/31/2014 01/31/14 Sold $230,000 +91.7% $78 / Sq Ft
01/01/2014 01/01/14 Pending -- -- --
01/28/2013 01/28/13 For Sale $120,000 -- $41 / 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 $16,558 $638,110 -- --
2024 $14,841 $638,110 -- --
2023 $14,841 $527,370 $0 $0
2022 $13,611 $479,430 $0 $0
2021 $12,329 $435,850 $0 $0
2020 $10,202 $396,230 $61,970 $334,260
2019 $9,155 $382,630 $61,970 $320,660
2018 $8,524 $375,830 $61,970 $313,860
2017 $7,860 $275,890 $0 $0
2016 $7,343 $250,810 $0 $0
2015 $6,845 $228,010 $0 $0
2014 $5,141 $148,130 $0 $0
2013 -- $143,850 $61,970 $81,880
Source: Public Records

Agents Affiliated with this Home

  • 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
  • Herold Pierre

    Seller's Agent in 2014

    Herold Pierre

    Londyn Belle Home Services Inc

    (786) 264-2724

    4 Total Sales

    Herold Pierre
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10585946

MIAMI REALTORS® MLS

APN: 49-42-22-08-2020

Florida Broward County Oakland Park 33309 Prospect Gardens

497 NW 40th Ct, Oakland Park, FL

This home is located at 497 NW 40th Ct, Oakland Park, FL 33309 since 13 December 2018 and is currently estimated at $859,869, approximately $292 per square foot. This property was built in 1970. 497 NW 40th Ct is a home located in Broward County with nearby schools including Lloyd Estates Elementary School, James S. Rickards Middle School, and Northeast 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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