NOT LISTED FOR SALE

505 SE 16th St Fort Lauderdale, FL 33316

Croissant Park Neighborhood

Estimated Value: $372,000

2 Beds
-- Bath
1,383 Sq Ft
$269/Sq Ft Est. Value

Last Sold October 17, 2016

Last sale price $250,000 $181 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,354/month

26 Days on Market

About This Home

As of October 2016

Fixer uppers dream! Located within walking distance to hospital, restaurants, beach and shops. Zoned business/office, multifamily. New town homes across the street selling at $450,000 each. Great area for hostel, sober living, seasonal or annual rentals. Minutes from the airport or port.

Last Agent to Sell the Property

George Coloney

The Keyes Company License #0696185 Listed on: 09/20/2016

The Keyes Company

Last Buyer's Agent

Jennifer Coloney

Flagler Duval License #3267281

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,135

Year Built

  • Built in 1959

Lot Details

  • 7,144

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,383 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Total Actual Rent $21,600
  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 504215105000

Community Details

Overview

  • 2 Units
  • Croissant Park 4 28 B Subdivision

Building Details

  • Net Operating Income $15,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,135

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Located one block north of 17th St. 200 yards of Federal Hwy.
  • Year Built: 1959
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Private Spa: No
  • Flooring: Tile
  • Living Area: 1383.0

Exterior Features

  • Lot Features: 1-2 Acres, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Cable Not Available

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Trash Collection, Water

Lot Info

  • Parcel #: 504215105000
  • Zoning Description: RO

Multi Family

  • Property Net Operating Income: 15200.0
  • Number Of Units Total: 2
  • Total Actual Rent: 21600.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 5135.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2023
Sold by
Peckman Daniel
Bought by
Lean Fort Lauderdale 1 Llc
Current Estimated Value
$372,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Outstanding Balance
$2,238,498
Interest Rate
6.39%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 21, 2017
Sold by
Salt Air Investors 15 Inc
Bought by
Peckman Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 20, 2016
Closed on
Oct 17, 2016
Sold by
Northrup John W and Northrup Evelyn B
Bought by
Ramos Jorge
Seller's Agent
George Coloney
The Keyes Company
Buyer's Agent
Jennifer Coloney
Flagler Duval
List Price
$300,000
Sold Price
$250,000
Premium/Discount to List
-$50,000
-16.67%

Purchase Details

Listed on
Sep 20, 2016
Closed on
Oct 11, 2016
Sold by
Ramos Jorge
Bought by
Salt Air Investors 15 Inc
Seller's Agent
George Coloney
The Keyes Company
Buyer's Agent
Jennifer Coloney
Flagler Duval
List Price
$300,000
Sold Price
$250,000
Premium/Discount to List
-$50,000
-16.67%

Purchase Details

Closed on
Apr 1, 1994
Sold by
Northrup John W and Northrup Evelyn
Bought by
Northrup John W and Northrup Evelyn B
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
Lean Fort Lauderdale 1 Llc $3,800,000 None Listed On Document
Peckman Daniel $350,000 Supreme Title & Escrow
Ramos Jorge $220,000 None Available
Salt Air Investors 15 Inc $250,000 None Available
Northrup John W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lean Fort Lauderdale 1 Llc $2,300,000
Previous Owner Peckman Daniel $251,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2016 10/17/16 Sold $250,000 -16.7% $181 / Sq Ft
09/20/2016 09/20/16 For Sale $300,000 -- $217 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $11,676 $554,770 $214,500 $340,270
2024 $9,333 $554,770 $214,500 $340,270
2023 $9,333 $418,590 $0 $0
2022 $8,479 $380,540 $0 $0
2021 $7,730 $345,950 $0 $0
2020 $6,983 $314,500 $143,000 $171,500
2019 $6,632 $314,500 $143,000 $171,500
2018 $6,379 $314,500 $143,000 $171,500
2017 $6,336 $299,990 $0 $0
2016 $5,599 $261,620 $0 $0
2015 $5,135 $237,840 $0 $0
2014 $5,105 $232,010 $0 $0
2013 -- $228,390 $143,000 $85,390
Source: Public Records

Agents Affiliated with this Home

  • George Coloney

    Seller's Agent in 2016

    George Coloney

    The Keyes Company

    (954) 801-7320

    3 in this area

    82 Total Sales

    George Coloney
    Section Image

  • J

    Buyer's Agent in 2016

    Jennifer Coloney

    Flagler Duval

    (954) 907-1203

    18 Total Sales

    Jennifer Coloney
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10031863

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-15-10-5000

Florida Broward County Fort Lauderdale 33316 Croissant Park

505 SE 16th St, Fort Lauderdale, FL

This home is located at 505 SE 16th St, Fort Lauderdale, FL 33316 since 20 September 2016 and is currently priced at $372,000, approximately $268 per square foot. This property was built in 1959. 505 SE 16th St is a home located in Broward County with nearby schools including Croissant Park Elementary School, New River 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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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