617 NE 16th Terrace Fort Lauderdale, FL 33304
Victoria Park Neighborhood
7
Beds
7.5
Baths
4,683
Sq Ft
0.29
Acres
Highlights
- Free Form Pool
- Fruit Trees
- Deck
- Harbordale Elementary School Rated A-
- Maid or Guest Quarters
- Marble Flooring
About This Home
As of September 2024In the heart of Victoria Park, a fully renovated multi-family compound awaits! This property offers 7 beds and 7.5 baths across 3 homes, totaling nearly 4,700 A/C SF. A masterpiece of timeless luxury, it features new kitchens, bathrooms, plumbing, electric, central air, impact glass, roof and flooring. The updated pool area complements the main house, which boasts 3BR/3.5BA and a 1-car garage. The luxurious second-floor primary suite includes a spa-like bath. Additionally, a duplex guest house offers two 2BR/2BA units with private laundry. Perfect for families or investors, it can be used for long or short-term rentals. Situated on a 12,599 SF lot moments from Las Olas, Flagler Village, the beach and downtown. Don't miss the chance to secure this unique property in a thriving community
Last Agent to Sell the Property
Compass Florida, LLC License #669008 Listed on: 04/28/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,347
Year Built
- Built in 1953 | Under Construction
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 111.5x113
- East Facing Home
- Fenced
- Paved or Partially Paved Lot
- Sprinkler System
- Fruit Trees
- Property is zoned RCS-15
Parking
- 1 Car Attached Garage
- Circular Driveway
Property Views
- Garden
- Pool
Home Design
- Flat Roof Shape
- Tile Roof
Interior Spaces
- 4,683 Sq Ft Home
- 2-Story Property
- Casement Windows
- Family Room
- Combination Dining and Living Room
- Utility Room
- Impact Glass
Kitchen
- Breakfast Area or Nook
- Electric Range
- Microwave
- Dishwasher
Flooring
- Wood
- Marble
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms | 4 Main Level Bedrooms
- Maid or Guest Quarters
- In-Law or Guest Suite
- Dual Sinks
- Separate Shower in Primary Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Free Form Pool
- Gunite Pool
Outdoor Features
- Deck
- Patio
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
- Victoria Park Subdivision, Stunning Remodel Floorplan
Listing and Financial Details
- Assessor Parcel Number 504202240020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 28, 2024
Closed on
Sep 13, 2024
Sold by
Rubicon Investments Llc
Bought by
Rayner Wilbert
Seller's Agent
Chip Falkanger
Compass Florida, LLC
List Price
$3,295,000
Sold Price
$3,035,000
Premium/Discount to List
-$260,000
-7.89%
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,792
Avg. Annual Appreciation
-0.83%
Original Mortgage
$2,255,343
Outstanding Balance
$2,240,753
Interest Rate
6.47%
Mortgage Type
VA
Estimated Equity
$769,832
Purchase Details
Listed on
Feb 15, 2023
Closed on
Nov 30, 2023
Sold by
Klingler Ingrid M A
Bought by
Rubicon Investments Llc
Seller's Agent
Shelley Walker
Galleria International Realty
Buyer's Agent
Chip Falkanger
Compass Florida, LLC
List Price
$2,400,000
Sold Price
$1,850,000
Premium/Discount to List
-$550,000
-22.92%
Views
218
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
87.13%
Original Mortgage
$1,295,000
Interest Rate
7.63%
Mortgage Type
Balloon
Purchase Details
Closed on
Oct 16, 2015
Sold by
Klingler Peter and Klingler Ingrid M A
Bought by
Klingler Peter and Klingler Ingrid M A
Purchase Details
Closed on
Jun 27, 2002
Sold by
Klingler Peter and Klingler Ingrid M A
Bought by
Klingler Ingrid M A
Similar Homes in Fort Lauderdale, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,035,000 | Lawyers 1St Title | |
| Warranty Deed | $1,850,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Attorney | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,255,343 | VA | |
| Previous Owner | $1,295,000 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $3,035,000 | -5.0% | $648 / Sq Ft |
| 08/18/2024 08/18/24 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | Price Changed | $3,195,000 | -3.0% | $682 / Sq Ft |
| 04/28/2024 04/28/24 | For Sale | $3,295,000 | +78.1% | $704 / Sq Ft |
| 11/30/2023 11/30/23 | Sold | $1,850,000 | 0.0% | $410 / Sq Ft |
| 11/30/2023 11/30/23 | Sold | $1,850,000 | -15.9% | $410 / Sq Ft |
| 10/25/2023 10/25/23 | Pending | -- | -- | -- |
| 10/25/2023 10/25/23 | Pending | -- | -- | -- |
| 05/13/2023 05/13/23 | Price Changed | $2,200,000 | 0.0% | $487 / Sq Ft |
| 05/13/2023 05/13/23 | Price Changed | $2,200,000 | -8.3% | $487 / Sq Ft |
| 02/15/2023 02/15/23 | For Sale | $2,400,000 | 0.0% | $532 / Sq Ft |
| 02/05/2023 02/05/23 | Price Changed | $2,400,000 | -7.7% | $532 / Sq Ft |
| 11/11/2022 11/11/22 | For Sale | $2,600,000 | 0.0% | $576 / Sq Ft |
| 02/23/2016 02/23/16 | Rented | $1,800 | 0.0% | -- |
| 01/24/2016 01/24/16 | Under Contract | -- | -- | -- |
| 11/19/2015 11/19/15 | For Rent | $1,800 | +5.9% | -- |
| 04/01/2015 04/01/15 | Rented | $1,700 | -5.6% | -- |
| 03/02/2015 03/02/15 | Under Contract | -- | -- | -- |
| 01/22/2015 01/22/15 | For Rent | $1,800 | +12.5% | -- |
| 02/14/2013 02/14/13 | Rented | $1,600 | 0.0% | -- |
| 01/15/2013 01/15/13 | Under Contract | -- | -- | -- |
| 10/29/2012 10/29/12 | For Rent | $1,600 | -- | -- |
Source: BeachesMLS (Greater Fort Lauderdale)
Tax History Compared to Growth
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 | $30,025 | $2,639,650 | $314,980 | $2,324,670 |
| 2024 | $12,348 | $1,515,090 | $314,980 | $1,200,110 |
| 2023 | $12,348 | $540,380 | $0 | $0 |
| 2022 | $11,631 | $509,100 | $0 | $0 |
| 2021 | $11,183 | $483,390 | $0 | $0 |
| 2020 | $10,903 | $685,010 | $0 | $0 |
| 2019 | $10,030 | $683,070 | $0 | $0 |
| 2018 | $9,442 | $688,750 | $0 | $0 |
| 2017 | $9,139 | $411,390 | $0 | $0 |
| 2016 | $8,831 | $396,880 | $0 | $0 |
| 2015 | $8,477 | $384,650 | $0 | $0 |
| 2014 | $8,285 | $373,410 | $0 | $0 |
| 2013 | -- | $509,860 | $188,990 | $320,870 |
Source: Public Records
Agents Affiliated with this Home
-
Chip Falkanger
Seller's Agent in 2024
Chip Falkanger
Compass Florida, LLC
(561) 702-0691
12 in this area
68 Total Sales
-
Shelley Walker
S
Seller's Agent in 2023
Shelley Walker
Galleria International Realty
(954) 829-3215
4 in this area
23 Total Sales
-
W
Buyer's Agent in 2016
Wendy Newton
Rent 1 Sale 1 MIA
-
S
Buyer's Agent in 2015
Shelley Walker
Better Homes & Gdns RE Fla 1st
-
J
Buyer's Agent in 2013
Jeffrey Garchik
Better Homes & Gdns RE Fla 1st
Map
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10436792
APN: 50-42-02-24-0020
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