NOT LISTED FOR SALE

5240 SW 40th Terrace Davie, FL 33314

Estimated Value: $467,056 - $633,000

4 Beds
2 Baths
1,906 Sq Ft
$304/Sq Ft Est. Value

Last Sold February 22, 2021

Last sale price $425,000 $223 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,801/month

189 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of February 2021

Beautifully Remodeled Duplex 3/2 +3/2 Perfect for investors! Back side brings in $1,800 a month and front side brings in $1,880. Has great tenants that are willing to stay (under lease). New floors, bathrooms, kitchen, updated plumbing and electric systems. connected to city sewer system.
Shared laundry room. Huge parking lot for several cars, top location, walking distance from Hard Rock Casino.
Owner pays water, tenant pays lawn care.

Last Agent to Sell the Property

Eyal Melamed

ISRAM Realty & Management License #3365148 Listed on: 06/04/2020

Last Buyer's Agent

Jonathan Chames

Real Broker LLC License #3274804

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,007

Year Built

  • Built in 1970

Lot Details

  • 7,928

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 1,906 Sq Ft Home
  • 1-Story Property

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Broward Gardens Condos
  • Broward Gardens Subdivision

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 504136020962

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,007

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1970
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: BROWARD GARDENS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Construction Type: Stucco
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BROWARD GARDENS
  • Total Parking Spaces: 6

Utilities

  • Sewer: Other
  • 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: 504136020962
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5007

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2022
Sold by
Hillel Gittler
Bought by
5240 Sw 40Th Terrace Llc
Current Estimated Value
$579,264

Purchase Details

Listed on
Jun 4, 2020
Closed on
Feb 10, 2021
Sold by
Sky Do Properties Llc
Bought by
Gittler Hillel
Seller's Agent
Eyal Melamed
ISRAM Realty & Management
Buyer's Agent
Jonathan Chames
Real Broker LLC
List Price
$463,000
Sold Price
$425,000
Premium/Discount to List
-$38,000
-8.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$407,483
Interest Rate
2.65%
Mortgage Type
FHA

Purchase Details

Listed on
May 4, 2018
Closed on
Mar 22, 2019
Sold by
Davidson Rose
Bought by
Sky Do Properties Llc
Seller's Agent
Adam Yacoby
MMLS Assoc.-Inactive Member
Buyer's Agent
Eyal Melamed
ISRAM Realty & Management
List Price
$290,000
Sold Price
$240,000
Premium/Discount to List
-$50,000
-17.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.46%

Purchase Details

Closed on
Oct 25, 2018
Sold by
Davidson Vorrel and Davidson Rose
Bought by
Davidson Rose

Purchase Details

Closed on
Sep 15, 2007
Sold by
Davidson Rose and Davidson Vorrell
Bought by
Davidson Rose

Purchase Details

Closed on
Jun 9, 2004
Sold by
Shelton Ronald and Shelton Mary Jane
Bought by
Davidson Vorrel and Davidson Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,600
Interest Rate
8.15%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
5240 Sw 40Th Terrace Llc -- Yormack Law Pa
Gittler Hillel $425,000 Florida Title Center
Sky Do Properties Llc $240,000 Florida Title Center Llc
Davidson Rose -- None Available
Davidson Rose $114,000 None Available
Davidson Vorrel $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gittler Hillel $407,483
Previous Owner Davidson Vorrel $167,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/22/2021 02/22/21 Sold $425,000 0.0% $223 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
09/21/2020 09/21/20 Price Changed $425,000 -3.4% $223 / Sq Ft
07/27/2020 07/27/20 Price Changed $440,000 -5.0% $231 / Sq Ft
06/04/2020 06/04/20 For Sale $463,000 +92.9% $243 / Sq Ft
03/22/2019 03/22/19 Sold $240,000 -17.2% $133 / Sq Ft View Prior Sale
02/13/2019 02/13/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $290,000 0.0% $161 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $290,000 -- $161 / 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 $8,873 $413,330 $63,340 $349,990
2024 $8,603 $393,920 $63,340 $330,580
2023 $8,603 $373,570 $63,340 $310,230
2022 $8,130 $354,960 $63,340 $291,620
2021 $5,924 $229,110 $0 $0
2020 $5,365 $208,290 $63,340 $144,950
2019 $5,007 $193,400 $63,340 $130,060
2018 $4,620 $178,520 $63,340 $115,180
2017 $4,326 $155,740 $0 $0
2016 $4,055 $141,590 $0 $0
2015 $3,792 $128,720 $0 $0
2014 $3,425 $118,430 $0 $0
2013 -- $113,290 $63,340 $49,950
Source: Public Records

Agents Affiliated with this Home

  • Eyal Melamed

    Seller's Agent in 2021

    Eyal Melamed

    ISRAM Realty & Management

    (305) 615-9399

    5 in this area

    62 Total Sales

    Eyal Melamed
    Section Image
  • Jonathan Chames

    Buyer's Agent in 2021

    Jonathan Chames

    Real Broker LLC

    (305) 215-4515

    1 in this area

    9 Total Sales

    Jonathan Chames
    Section Image

  • A

    Seller's Agent in 2019

    Adam Yacoby

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10867552

MIAMI REALTORS® MLS

APN: 50-41-36-02-0962

Florida Broward County Davie 33314

5240 SW 40th Terrace, Davie, FL

This home is located at 5240 SW 40th Terrace, Davie, FL 33314 since 04 June 2020 and is currently estimated at $579,264, approximately $303 per square foot. This property was built in 1970. 5240 SW 40th Terrace is a home located in Broward County with nearby schools including Stirling Elementary School, Attucks Middle School, and Hollywood Hills 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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