NOT LISTED FOR SALE

701 SE 7th Ave Unit 2 Pompano Beach, FL 33060

Pompano and Santa Barbara Shores Neighborhood

Estimated Value: $187,000 - $224,000

2 Beds
2 Baths
1,100 Sq Ft
$187/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $175,000 $159 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,733/month

132 Days on Market

Highlights

  • Property has ocean access
  • Home fronts a canal
  • Community Pool
  • Community Boat Dock
  • Main Floor Primary Bedroom
  • Closet Cabinetry

About This Home

As of March 2023

Boat Show Ready! One of the most economical waterfront properties in South Florida only minutes from the intracoastal. Large 2/2 Waterfront CO-OP, 1st floor with up to 29 Ft. of dockage on a first come first serve basis (space currently available). Quick salt water access. Complex has private pool as well. Federal Highway is the only fixed bridge with up to 15 Feet of clearance! You can rent after two years on an annual basis. Unit has 1 Tandem Parking space and storage unit. Laundry Facilities on site and the machines are free to use. This is a cash only sale. All Association information is attached and you can request from your agent. No Pets Allowed. 700 minimum credit score. Buyer must build dock but can dock boat on sea wall if in process of constructing.

Last Agent to Sell the Property

Timothy Krause

Compass Florida, LLC License #3447282 Listed on: 10/18/2022

Compass Florida, LLC

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $539

Year Built

  • Built in 1965

Lot Details

  • Home fronts a canal
  • South Facing Home

HOA Fees

  • $475 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,100 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Family or Dining Combination
  • Ceramic Tile Flooring
  • Canal Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Shower Only
  • Primary Bathroom includes a Walk-In Shower

Parking

  • 1 Car Parking Space
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • One Fixed Bridge
  • Seawall
  • Dock Available
  • Patio

Location

  • West of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 494201NZ0020

Community Details

Overview

  • Cypress Lake East Condos
  • Cypress Lake Sec 5 Subdivision
  • The community has rules related to no motorcycles, no recreational vehicles or boats, no trucks or trailers

Amenities

  • Laundry Facilities

Recreation

  • Community Boat Dock
  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Co-Op

Est. Annual Taxes

$539

Year Built

Built in 1965

Lot Details

0.7 Acres

HOA Fees

$475 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Stock Cooperative
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • Inclusions: Community Boat Dock,Dock Available
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 1-4 Stories, Co-Op
  • Subdivision Name: CYPRESS LAKE SEC 5
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Closet Cabinetry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1100
  • Possible Use: Primary
  • Stories: 2
  • Bedroom Features: Primary Bedroom Ground Level, Primary Bath Shower
  • Dining Room Features: Family/Dining Combination
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Canal
  • Exterior Features: Exterior Cat Walk, West Of Us1
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, Ocean Access, One Fixed Bridge, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Cypress Lake East
  • Parking Features: 1 Space, Assigned, No Motorcycle, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: No Security

Condo/Co-op/Association

  • Association Fee: 475
  • Amenities: Boat Dock, Laundry, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Other

Lot Info

  • Parcel Number: 494201NZ0020
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 539

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Mar 24, 2023
Sold by
Levinson Robert C
Bought by
Nigrelli Marlane
Seller's Agent
Timothy Krause
Compass Florida, LLC
List Price
$199,999
Sold Price
$175,000
Premium/Discount to List
-$24,999
-12.5%
Views
105
Current Estimated Value
$206,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,171
Avg. Annual Appreciation
5.82%

Purchase Details

Closed on
Jan 1, 2019
Sold by
Comerica Bank
Bought by
Connoly Marguerite J and Connolly Revocable Trut
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nigrelli Marlane $175,000 National Title Agency
Connoly Marguerite J -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2023 03/24/23 Sold $175,000 -7.9% $159 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
12/12/2022 12/12/22 Price Changed $190,000 -5.0% $173 / Sq Ft
10/18/2022 10/18/22 For Sale $199,999 -- $182 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $2,389 $171,070 -- --
2025 $2,876 $171,070 -- --
2024 $4,686 $166,250 $16,630 $149,620
2023 $4,686 $209,040 $20,900 $188,140
2022 $575 $68,080 $0 $0
2021 $539 $66,100 $0 $0
2020 $532 $65,190 $0 $0
2019 $529 $63,730 $0 $0
2018 $500 $62,550 $0 $0
2017 $454 $61,270 $0 $0
2016 $708 $60,010 $0 $0
2015 $446 $59,600 $0 $0
2014 $453 $59,130 $0 $0
2013 -- $58,260 $5,830 $52,430
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Timothy Krause

    Compass Florida, LLC

    (954) 229-2222

    1 in this area

    40 Total Sales

    Timothy Krause
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11289122

MIAMI REALTORS® MLS

APN: 49-42-01-NZ-0020

Florida Broward County Pompano Beach 33060 Pompano and Santa Barbara Shores

701 SE 7th Ave Unit 2, Pompano Beach, FL

Not Listed for Sale

Coop

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