NOT LISTED FOR SALE

724 SW 14th Terrace Fort Lauderdale, FL 33312

Riverside Park Neighborhood

Estimated Value: $476,060 - $711,000

-- Bed
-- Bath
1,762 Sq Ft
$342/Sq Ft Est. Value

Last Sold April 07, 2020

Last sale price $427,000 $242 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,821/month

22 Days on Market

Highlights

  • Tile Flooring
  • Fenced
  • Heat Pump System
  • Central Air

About This Home

As of April 2020

Attention all investors!!! Don't miss this fantastic opportunity to invest in this updated duplex on one of the best streets in the heart of flourishing Riverside Park. Perfect for vacation rentals or occupy-by-owner to supplement mortgage. Both units are currently rented on a month to month lease. Plenty of private parking. Lush landscaping, the back unit has a yard, and the front unit has a patio. Tenant rent does not reflect the current market value.
Excellent location, trendy Las Olas, shopping, theater, park, Cooley's Landing for boat launching, water taxi, and I95. Walk to the famous Riverside Market and Cafe.

Last Agent to Sell the Property

Kelly Ann Huguet

Better Homes & Gdns RE Fla 1st License #3329238 Listed on: 02/14/2020

Better Homes & Gdns RE Fla 1st

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,951

Year Built

  • Built in 1957

Lot Details

  • Fenced

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,762 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Community Details

  • 2 Units
  • Riverside Add Amd 1 13 B Subdivision

Listing and Financial Details

  • Rent includes gardener, water
  • Assessor Parcel Number 504209021501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,951

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From I95 take Davie Blvd Exit East. Turn Left onto SW 15th Ave.. continue on 15th Ave, turn right onto SW 7th St, then right on SW 14th Ter. Duplex is on the left.
  • Year Built: 1957
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Tile
  • Living Area: 1762.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence, Lighting
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Stucco
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Water

Lot Info

  • Parcel #: 504209021501
  • Zoning Description: RD-15

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2951.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2020
Closed on
Apr 3, 2020
Sold by
Korb Duane R and Torres Carlos Eliezer
Bought by
Hiemer Justin Andrew
Seller's Agent
Kelly Ann Huguet
Better Homes & Gdns RE Fla 1st
List Price
$449,000
Sold Price
$427,000
Premium/Discount to List
-$22,000
-4.9%
Current Estimated Value
$602,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,765
Avg. Annual Appreciation
6.28%
Original Mortgage
$419,265
Outstanding Balance
$366,706
Interest Rate
2.75%
Mortgage Type
FHA
Estimated Equity
$236,059

Purchase Details

Closed on
Feb 25, 2016
Sold by
Korb Duane R
Bought by
Korb Duane R and Torres Carlo Eliezer

Purchase Details

Closed on
Jul 8, 1996
Sold by
Churchill Eugene L and Churchill Marletta T
Bought by
Korb Duane R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,174
Interest Rate
7.99%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 1995
Sold by
Churchill Martin
Bought by
Churchill Eugene L and Churchill Marietta Taylor

Purchase Details

Closed on
May 1, 1992
Sold by
Available Not
Bought by
Available Not
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
Hiemer Justin Andrew $427,000 None Available
Korb Duane R -- None Available
Korb Duane R $86,000 --
Churchill Eugene L -- --
Available Not $63,943 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hiemer Justin Andrew $419,265
Previous Owner Korb Duane R $85,174
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2020 04/07/20 Sold $427,000 -4.9% $242 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $449,000 -- $255 / Sq Ft
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 $7,769 $396,650 -- --
2024 $7,421 $390,830 $20,510 $349,980
2023 $7,421 $370,490 $20,510 $349,980
2022 $7,326 $375,590 $0 $0
2021 $7,044 $360,620 $20,510 $340,110
2020 $4,453 $288,570 $20,510 $268,060
2019 $3,624 $250,810 $20,510 $230,300
2018 $2,951 $196,200 $20,510 $175,690
2017 $2,726 $91,530 $0 $0
2016 $2,597 $83,210 $0 $0
2015 $2,287 $75,650 $0 $0
2014 $2,137 $68,780 $0 $0
2013 -- $67,950 $20,510 $47,440
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kelly Ann Huguet

    Better Homes & Gdns RE Fla 1st

    (954) 547-6508

    7 in this area

    31 Total Sales

    Kelly Ann Huguet
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10215619

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-09-02-1501

Florida Broward County Fort Lauderdale 33312 Riverside Park

724 SW 14th Terrace, Fort Lauderdale, FL

Not Listed for Sale

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