NOT LISTED FOR SALE

500 NW 16th St Unit 1-2 Fort Lauderdale, FL 33311

South Middle River Neighborhood
-- Bed
-- Bath
1,242 Sq Ft
6,754 Sq Ft Lot

Last Sold February 24, 2020

Last sale price $375,000 $302 Per Sq Ft

122 Days on Market

Highlights

  • Room in yard for a pool
  • Patio
  • Awning
  • Cooling Available
  • Tile Flooring
  • 4-minute walk to South Middle River Park

About This Home

As of February 2020

This modern duplex is a live in investor's dream! These two beautifully renovated and immaculately maintained 1/1 units showcase the best of South Florida luxury. The interior of both units boasts stainless steel appliances, porcelain tile, walk in closets, and hurricane impact doors and windows. This property was recently updated with a new AC (2016), fresh stucco and paint (2016), new roof (2015), and electrical (2013). Each unit was designed to give tenants the paradise treatment. Both sides of this property have distinct entryways to their own private, fenced in oasis yards. Additionally there are two parking spaces for each unit and utilities are a breeze to track with separate electric meters. One unit vacant; one long term, clean and quiet tenant.

Last Agent to Sell the Property

Derek Musial

London Foster Realty License #3391588 Listed on: 09/24/2019

Last Buyer's Agent

John Burgos

LoKation License #3254797

LoKation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,334

Year Built

  • Built in 1955

Lot Details

  • 6,754 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,242 Sq Ft Home
  • 1-Story Property
  • Awning
  • Tile Flooring

Outdoor Features

  • Room in yard for a pool
  • Patio

Utilities

  • Cooling Available
  • No Heating
  • Water Not Available
  • Cable TV Available

Community Details

  • 2 Units
  • Progresso 2 18 D Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494234015660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,334

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 16th Street between Andrews and Powerline on the South side. Corner of NW 5th Ave and 16th St.
  • Year Built: 1955
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1242.0

Exterior Features

  • Exterior Features: Awning(s), Fence, Patio, Room For Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Electric, Other
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Utilities: Cable Available, Electricity Available, None, Water Not Available
  • Water Source: None

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 494234015660
  • Lot Size Sq Ft: 6754.0
  • Zoning Description: RDS-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4334.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2019
Closed on
Feb 26, 2020
Sold by
Waldbueser Robert Lance and Waldbueser Marian Danielle
Bought by
Valentin Property Management Llc
Seller's Agent
Derek Musial
London Foster Realty
Buyer's Agent
John Burgos
LoKation
List Price
$349,000
Sold Price
$375,000
Premium/Discount to List
$26,000
7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$281,250
Outstanding Balance
$252,184
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$279,017

Purchase Details

Closed on
Dec 8, 2016
Sold by
Handy Husbands Design Group Llc
Bought by
Waldbueser Robert Lance and Waldbueser Marian Danielle

Purchase Details

Closed on
Feb 11, 2011
Sold by
Cazares Joshua and Rivera Thomas B
Bought by
Handy Husbands Design Group Llc

Purchase Details

Closed on
Dec 17, 2010
Sold by
Arch Bay Holdings Llc
Bought by
Cazares Joshua and Rivera Thomas

Purchase Details

Closed on
May 25, 2010
Sold by
Brown Aulder
Bought by
Arch Bay Holdings Llc

Purchase Details

Closed on
Jun 29, 2007
Sold by
Brown Bob and Brown Audler
Bought by
Brown Aulder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
8.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 1999
Sold by
Suarez Agustina
Bought by
Brown Bob and Brown Aulder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,966
Interest Rate
7.66%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 16, 1998
Sold by
Acosta Nelson and Acosta Luisa
Bought by
Suarez Agustina

Purchase Details

Closed on
Feb 6, 1995
Sold by
Henderson Alesia M
Bought by
Acosta Nelson and Acosta Luisa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,500
Interest Rate
9.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 1994
Sold by
Applegate Jane and Emmons Jane M
Bought by
Henderson Alesia M
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

Property History

Date Event Price Change Sq Ft Price
02/24/2020 02/24/20 Sold $375,000 +7.4% $302 / Sq Ft
01/25/2020 01/25/20 Pending -- -- --
09/24/2019 09/24/19 For Sale $349,000 -- $281 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Derek Musial

    London Foster Realty

  • John Burgos

    Buyer's Agent in 2020

    John Burgos

    LoKation

    (954) 696-8303

    3 in this area

    214 Total Sales

    John Burgos
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Map

Source: BeachesMLS

MLS Number: R10563625

BeachesMLS
Florida Broward County Fort Lauderdale 33311 South Middle River

500 NW 16th St Unit 1-2, Fort Lauderdale, FL

This home is located at 500 NW 16th St Unit 1-2, Fort Lauderdale, FL 33311 since 24 September 2019. This property was built in 1955. 500 NW 16th St Unit 1-2 is a home located in Broward County with nearby schools including Thurgood Marshall Elementary School, Sunrise Middle School, and Dillard 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.

BeachesMLS 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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