NOT LISTED FOR SALE

Estimated Value: $608,000 - $873,000

6 Beds
4 Baths
2,004 Sq Ft
$357/Sq Ft Est. Value

Last Sold August 30, 2018

Last sale price $359,000 $179 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,436/month

15 Days on Market

Highlights

  • Patio
  • Ceramic Tile Flooring
  • Ceiling Fan
  • William T. Dwyer High School Rated A-
  • Central Heating and Cooling System

About This Home

As of August 2018

Great investment opportunity with present gross income of $34,500 per year/$2875 per month with 2 great tenants. Duplex has been well maintained. YTD NOI as of 08/15/18, after professional management fees is $17094.33(7.1% CAP Rate).Desirable location minutes from Abacoa, baseball stadium, and I-95. This is a rare gem with sizeable 3/2's on both sides. Leases go until 10-31-18 and 3-31-20. 2nd unit is 6171

Last Agent to Sell the Property

Rick Marous

InvestPro Properties Inc License #3300912 Listed on: 08/14/2018

Last Buyer's Agent

David Weinthal

RE/MAX Properties License #3320623

RE/MAX Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,039

Year Built

  • Built in 1983

Lot Details

  • 9,000

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,004 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Patio
  • 9,000 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 30424122031020051

Community Details

Overview

  • 2 Units
  • North Palm Beach Heights Subdivision

Building Details

  • Operating Expense $5,727
  • Net Operating Income $28,773

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,039

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Donald Ross E of I-95 to Heights Blvd on left then left on Heather
  • Year Built: 1983
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2004.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 30424122031020051
  • Lot Size Sq Ft: 9000.0
  • Zoning Description: R2(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 28773.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 5727.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4039.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2020
Sold by
Rental 2 Llc
Bought by
Rental 1 Llc
Current Estimated Value
$715,139

Purchase Details

Listed on
Aug 14, 2018
Closed on
Aug 30, 2018
Sold by
Jordan Charel C and Jordan Rheda E
Bought by
Rental 2 Llc
Seller's Agent
Rick Marous
InvestPro Properties Inc
Buyer's Agent
David Weinthal
RE/MAX Properties
List Price
$359,000
Sold Price
$359,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.82%

Purchase Details

Closed on
Jan 29, 1999
Sold by
First Union National Bank
Bought by
Jordan Charles C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,750
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1998
Sold by
Clerk Of The Court
Bought by
First Union National Bank Of Nc

Purchase Details

Closed on
Jul 1, 1996
Sold by
Kearns Joseph P
Bought by
Kearns Joseph P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
8.05%
Mortgage Type
New Conventional
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
Rental 1 Llc -- None Available
Rental 2 Llc $359,000 Attorney
Jordan Charles C $95,800 --
First Union National Bank Of Nc $90,100 --
Kearns Joseph P $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kearns Joseph P $30,000
Previous Owner Kearns Joseph P $95,750
Previous Owner Kearns Joseph P $82,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2018 08/30/18 Sold $359,000 0.0% $179 / Sq Ft
08/14/2018 08/14/18 For Sale $359,000 0.0% $179 / Sq Ft
10/26/2015 10/26/15 Rented $1,400 0.0% --
09/26/2015 09/26/15 Under Contract -- -- --
09/17/2015 09/17/15 For Rent $1,400 -- --
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 $8,409 $441,835 -- --
2024 $8,409 $401,668 -- --
2023 $7,790 $365,153 $0 $0
2022 $6,952 $331,957 $0 $0
2021 $5,935 $301,779 $104,000 $197,779
2020 $5,453 $271,554 $80,000 $191,554
2019 $5,671 $279,576 $80,000 $199,576
2018 $4,331 $223,788 $77,446 $146,342
2017 $4,039 $202,310 $77,446 $124,864
2016 $3,799 $174,471 $0 $0
2015 $3,510 $158,610 $0 $0
2014 $3,568 $158,735 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10455658

BeachesMLS (Greater Fort Lauderdale)

APN: 30-42-41-22-03-102-0051