$925,000
SOLD DEC 5, 2022

Fort Lauderdale, FL 33334

Coral Ridge Isles Neighborhood
-- Bed
-- Bath
2,492 Sq Ft
8,364 Sq Ft Lot

Recently Sold

$371 Per Sq Ft

16% Below List Price

62 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Floranada Elementary School Rated A-
  • Ceramic Tile Flooring
  • 1-Story Property

About This Home

As of December 2022

Income producing 4plex in the heart of Fort Lauderdale. Close to everything. Currently 3 units occupied by excellent and stable year round tenants, only ONE vacancy currently listed for rent at $1,750 (MLS#11229091) . Current Gross Income = $63,000 - Pro Forma Gross Lease $84,000. Expenses estimated at $27,080 (RE Tax, Insurance, Utilities, Pest Control, Landscaping)- Pro Forma CAP 5.2% - ZONED RMM25- Allowing for short term rentals - MAXIMIZE YOUR ROI. DRIVE BY ONLY. DO NOT DISTURB TENANTS. Vacant unit can be shown until it gets rented. Photos are current.

Last Agent to Sell the Property

Maurizio Oronzo

Avanti Way Realty LLC License #3052654 Listed on: 08/30/2022

Avanti Way Realty LLC

Last Buyer's Agent

Debra Jalinas

Total Realty Concepts LLC License #697810

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,815

Year Built

  • Built in 1962

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,492 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • No Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • Coral Ridge Isles Condos
  • Coral Ridge Isles Subdivision

Listing and Financial Details

  • Rent includes cable TV, electricity, gardener, pest control, sewer, trash collection, water
  • Assessor Parcel Number 494211071500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,815

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1962
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: CORAL RIDGE ISLES
  • Year Built Details: Effective Year Built
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor, Other
  • Living Area: 2492
  • Possible Use: Investment
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: CORAL RIDGE ISLES
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494211071500
  • Zoning: RMM25
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Cable TV, Electricity, Gardener, Pest Control, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10815

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Dec 3, 2022
Sold by
Rashid Ali Maen
Bought by
Sura Properties Llc
Seller's Agent
Debra Jalinas
PMI Best Assets
Buyer's Agent
Debra Jalinas
PMI Best Assets
Sold Price
$1,450
Total Days on Market
62
Views
3
Current Estimated Value
$999,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$998,445
Avg. Annual Appreciation
3.18%
Original Mortgage
$462,500
Outstanding Balance
$451,175
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$548,720

Purchase Details

Listed on
Jan 28, 2019
Closed on
Mar 26, 2019
Sold by
Schieber Holdings Llc
Bought by
Rashid Ali Maen
Seller's Agent
Orli Rudolph
Coldwell Banker Realty
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.80%
Original Mortgage
$390,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 15, 2018
Sold by
Archer Carey
Bought by
Schicber Holdings Llc
Seller's Agent
Amy Kilcoyne
Keller Williams Realty Profess
List Price
$375,000
Sold Price
$315,000
Premium/Discount to List
-$60,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
157.02%

Purchase Details

Closed on
Oct 18, 2000
Sold by
Maier Eduard Froscher and Ehlencurcio Monika Ehlencurcio
Bought by
Chesters David E

Purchase Details

Closed on
Jun 23, 1999
Sold by
Hasan and Djelovic Djylije Djelovic
Bought by
Maier Eduard F and Ehlencurcio Juita M

Purchase Details

Closed on
Feb 13, 1997
Sold by
Perezic Sabahete
Bought by
Djelovic Dzelal and Djelovic Hasan

Purchase Details

Closed on
Nov 1, 1991
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 Type Sale Price Title Company
Warranty Deed $925,000 Sunbelt Title
Warranty Deed $555,000 Attorney
Personal Reps Deed $315,000 Attorney
Warranty Deed $194,000 --
Warranty Deed $155,000 --
Quit Claim Deed $100 --
Quit Claim Deed $8,571 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $462,500 New Conventional
Previous Owner $409,500 New Conventional
Previous Owner $390,000 New Conventional
Previous Owner $193,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2023 01/18/23 Rented $1,450 0.0% --
01/18/2023 01/18/23 Under Contract -- -- --
01/11/2023 01/11/23 For Rent $1,450 0.0% --
12/05/2022 12/05/22 Sold $925,000 -7.5% $371 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
09/12/2022 09/12/22 Price Changed $999,999 0.0% $401 / Sq Ft
09/12/2022 09/12/22 Price Changed $1,000,000 -9.1% $401 / Sq Ft
08/30/2022 08/30/22 For Sale $1,100,000 +98.2% $441 / Sq Ft
03/26/2019 03/26/19 Sold $555,000 -3.5% $223 / Sq Ft
01/28/2019 01/28/19 For Sale $575,000 +82.5% $231 / Sq Ft
08/20/2018 08/20/18 Sold $315,000 -16.0% $133 / Sq Ft
07/21/2018 07/21/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $375,000 -- $159 / 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 $17,083 $848,630 $83,470 $765,160
2024 $17,213 $817,140 $66,780 $750,360
2023 $17,213 $817,140 $66,780 $750,360
2022 $11,565 $531,940 $66,780 $465,160
2021 $10,815 $492,470 $66,780 $425,690
2020 $10,555 $480,970 $66,780 $414,190
2019 $8,863 $426,690 $66,780 $359,910
2018 $4,499 $334,470 $0 $0
2017 $4,221 $188,840 $0 $0
2016 $4,010 $179,660 $0 $0
2015 $3,679 $171,630 $0 $0
2014 $3,505 $164,290 $0 $0
2013 -- $213,620 $66,780 $146,840
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Debra Jalinas

    PMI Best Assets

    (954) 865-7334

    21 Total Sales

    Debra Jalinas
    Section Image
  • Maurizio Oronzo

    Seller's Agent in 2022

    Maurizio Oronzo

    Avanti Way Realty LLC

    (786) 470-9134

    1 in this area

    12 Total Sales

    Maurizio Oronzo
    Section Image
  • Orli Rudolph

    Seller's Agent in 2019

    Orli Rudolph

    Coldwell Banker Realty

    (305) 778-7109

    51 Total Sales

    Orli Rudolph
    Section Image
  • Matthew Jerry

    Seller Co-Listing Agent in 2019

    Matthew Jerry

    Coldwell Banker Realty

    (954) 290-4447

    60 Total Sales

    Matthew Jerry
    Section Image

  • A

    Seller's Agent in 2018

    Amy Kilcoyne

    Keller Williams Realty Profess

See All Agents

Source: MIAMI REALTORS® MLS

MLS Number: A11265615

MIAMI REALTORS® MLS

APN: 49-42-11-07-1500

Florida Broward County Fort Lauderdale 33308

Coral Ridge Isles

This home and is currently priced at $925,000, approximately $371 per square foot. This property was built in 1962. This home is a home located in Broward County with nearby schools including Floranada 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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