NOT LISTED FOR SALE

507 Briny Ave Pompano Beach, FL 33062

Beachside Pompano Beach Neighborhood

Estimated Value: $1,317,000 - $2,083,000

5 Beds
5 Baths
3,560 Sq Ft
$468/Sq Ft Est. Value

Last Sold April 01, 2014

Last sale price $800,000 $225 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $10,392/month

176 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • Central Heating and Cooling System
  • Hurricane or Storm Shutters

About This Home

As of April 2014

Excellent opportunity for investors looking for a great property right across from the ocean and public beach to re-develop or to convert into more units. Currently there are 3 units rented, tenants have been there for many years on a month to month, and the main house which could be converted easily into 4 more units. The owner lived in the main house and managed the property for many years. The location is exceptional and it is zoned for multifamily up to 10 units. Resort style property will not last!

Last Agent to Sell the Property

Rosy Baron

Gibson Real Estate Services License #3419520 Listed on: 09/06/2013

Last Buyer's Agent

Rosy Baron

RE/MAX Park Creek Realty Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.32

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Spanish Tile Roof
  • Composition Roof

Interior Spaces

  • 3,560 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Hurricane or Storm Shutters

Flooring

  • Wood
  • Tile

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 4 Units
  • Blount Bros Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494306060320

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: ATLANTIC BLVD EAST, MAKE A RIGHT ON A1A (SOUTH) THEN LEFT (EAST) ON SE 6TH STREET, AND LEFT (NORTH) ON BRINY AVE, PROPERTY ON THE LEFT SIDE.
  • Year Built: 1940
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other, Tile, Wood
  • Living Area: 3560.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Patio, Storm/Security Shutters
  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Frame, Stucco
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle, Spanish Tile

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Other

Lot Info

  • Parcel #: 494306060320
  • Zoning Description: MULTI-8

Tax Info

  • Tax Year: 2013

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2013
Closed on
Apr 1, 2014
Sold by
Mascitelli Victor A
Bought by
Otoole Property Llc
Seller's Agent
Rosy Baron
Gibson Real Estate Services
Buyer's Agent
Rosy Baron
RE/MAX Park Creek Realty Inc
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%
Current Estimated Value
$1,667,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$867,000
Avg. Annual Appreciation
6.41%

Purchase Details

Listed on
Sep 6, 2013
Closed on
Mar 1, 2014
Sold by
Mascitelli Michael H and Mascitelli Victor A
Bought by
O Toole Property Llc
Seller's Agent
Rosy Baron
Gibson Real Estate Services
Buyer's Agent
Rosy Baron
RE/MAX Park Creek Realty Inc
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%

Purchase Details

Closed on
Aug 11, 2008
Sold by
Mascitelli Teresa
Bought by
Mascitelli Teresa

Purchase Details

Closed on
Aug 10, 2004
Sold by
Mascitelli Teresa
Bought by
Mascitelli Teresa

Purchase Details

Closed on
Feb 3, 1998
Sold by
Devaney Martin and Devaney Mary
Bought by
Devaney Martin and Devaney Mary

Purchase Details

Closed on
Mar 11, 1997
Sold by
Ballatore Catherine
Bought by
Devaney Martin
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Otoole Property Llc $400,000 Attorney
O Toole Property Llc $400,000 Attorney
Mascitelli Teresa -- Attorney
Mascitelli Teresa -- --
Devaney Martin $100 --
Devaney Martin $140,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2014 04/01/14 Sold $800,000 -11.0% $225 / Sq Ft
03/02/2014 03/02/14 Pending -- -- --
09/06/2013 09/06/13 For Sale $899,000 -- $253 / 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
2026 $20,832 $938,520 -- --
2025 -- $853,200 -- --
2024 $16,383 $853,200 $280,980 $479,960
2023 $16,383 $705,130 $0 $0
2022 $14,197 $641,030 $280,980 $360,050
2021 $13,776 $624,230 $280,980 $343,250
2020 $13,147 $622,190 $280,980 $341,210
2019 $11,958 $541,150 $280,980 $260,170
2018 $14,010 $670,150 $280,980 $389,170
2017 $12,584 $586,780 $0 $0
2016 $11,400 $533,440 $0 $0
2015 $10,665 $484,950 $0 $0
2014 $10,152 $458,030 $0 $0
2013 -- $438,610 $280,980 $157,630
Source: Public Records

Agents Affiliated with this Home

  • Rosy Baron

    Seller's Agent in 2014

    Rosy Baron

    Gibson Real Estate Services

    (954) 909-0195

    25 Total Sales

    Rosy Baron
    Section Image

  • R

    Buyer's Agent in 2014

    Rosy Baron

    RE/MAX

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1254322

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-06-06-0320

Florida Broward County Pompano Beach 33062 Beachside Pompano Beach

507 Briny Ave, Pompano Beach, FL

Not Listed for Sale

MultiFamily

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