NOT LISTED FOR SALE

725 NW 4th Ave Fort Lauderdale, FL 33311

Progresso Village Neighborhood

Estimated Value: $815,000 - $866,000

5 Beds
4 Baths
2,421 Sq Ft
$350/Sq Ft Est. Value

Last Sold May 18, 2021

Last sale price $575,000 $238 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,533/month

12 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Fort Lauderdale High School Rated A
  • Wall Furnace

About This Home

As of May 2021

Remodeled 4 Unit Income property in Progresso.
New Roof installed in 2020.
All apartments have been renovated.
New Fence is being installed around the property, with gate entrance. Fence permit being applied for this week and will be done in a month approximately.
All units are on annual leases, with leases expiring at different times.
There are units that rents can still be increased without any more capital improvement once leases expires or come up for renewal.

Last Agent to Sell the Property

Johnathan Ibarra-Blackmoon

Adache LLC License #3396328 Listed on: 04/05/2021

Co-Listed By

Renan Araujo

Level Realty Partners, LLC License #3314746

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,211

Year Built

  • Built in 1962

Lot Details

  • 6,752

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,421 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • 4 Units
  • Progresso 2 18 D Subdivision

Listing and Financial Details

  • Rent includes gardener, sewer, trash collection, water
  • Assessor Parcel Number 494234070080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,211

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: USE GPS.
  • Year Built: 1962
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Laminate
  • Living Area: 2421.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Sewer, Trash Collection, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 494234070080
  • Zoning Description: RMM-25

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7211.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
May 11, 2021
Sold by
Rivera Jacqueline
Bought by
Hegu Llc
Seller's Agent
Johnathan Ibarra-Blackmoon
Adache LLC
List Price
$550,000
Sold Price
$575,000
Premium/Discount to List
$25,000
4.55%
Current Estimated Value
$847,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,928
Avg. Annual Appreciation
9.94%

Purchase Details

Listed on
Jan 12, 2018
Closed on
Feb 22, 2018
Sold by
Charles Wisdom
Bought by
Rivera Jacqueline
Seller's Agent
George Coloney
The Keyes Company
Buyer's Agent
Devin Ruiz
Brookfield Executive Real Esta
List Price
$385,000
Sold Price
$360,000
Premium/Discount to List
-$25,000
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.55%
Original Mortgage
$347,985
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 5, 2016
Closed on
Jun 6, 2016
Sold by
Word Tony
Bought by
Charles Wisdom
Seller's Agent
Tony Word
Weichert Realtors Best Beach R
Buyer's Agent
Tony Word
Weichert Realtors Best Beach R
List Price
$309,500
Sold Price
$260,000
Premium/Discount to List
-$49,500
-15.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.96%
Original Mortgage
$251,322
Interest Rate
3.57%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 29, 2010
Sold by
725 Nw 4Th Ave Llc
Bought by
Word Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,826
Interest Rate
5.28%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 2009
Sold by
Us Bank National Association
Bought by
725 Nw 4 Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
6.87%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 15, 2007
Sold by
Alexander Charles
Bought by
Us Bank Na

Purchase Details

Closed on
Sep 28, 2005
Sold by
Joseph Roneld
Bought by
Alexander Charles and The Saint Claire Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,550
Interest Rate
8.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2005
Sold by
Souza Filho Mauro and Souza Filho Liliane
Bought by
Joseph Roneld

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,550
Interest Rate
8.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2004
Sold by
Parsons Bill and Resnick Cynthia
Bought by
Souza Filho Mauro and Souza Filho Liliane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 2003
Sold by
Herubin Scott
Bought by
Parsons Bill and Resnick Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 2003
Sold by
Erben Daniel
Bought by
Herubin Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,600
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2001
Sold by
Bankers Trust Co Of California Na C
Bought by
Transglobal R/E Trust Inc

Purchase Details

Closed on
Dec 20, 2000
Sold by
Clerk Of The Court
Bought by
Bankers Trust Co Of California Na

Purchase Details

Closed on
Jul 14, 1997
Sold by
Howard Kratenstein Tr
Bought by
Vegazo Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
7.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 1997
Sold by
Paul Elie Tr and Sulamis Elie Tr
Bought by
Kratenstein Howard
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 Buyer Sale Price Title Company
Hegu Llc $570,000 Greentree Title
Rivera Jacqueline $360,000 Attorney
Charles Wisdom $260,000 Attorney
Word Tony $120,000 None Available
725 Nw 4 Ave Llc $85,000 Attorney
Us Bank Na -- None Available
Alexander Charles -- --
Joseph Roneld $349,000 Cmr Title & Escrow Inc
Souza Filho Mauro $265,000 Seacrest Title Company
Parsons Bill $230,000 Celebrity Title Inc
Herubin Scott $194,000 Jd Title Inc
Transglobal R/E Trust Inc $77,000 --
Bankers Trust Co Of California Na -- --
Vegazo Joseph $189,900 --
Kratenstein Howard $69,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hegu Llc $474,000
Previous Owner Rivera Jacqueline $347,985
Previous Owner Charles Wisdom $251,322
Previous Owner Word Tony $117,826
Previous Owner 725 Nw 4 Ave Llc $63,750
Previous Owner Joseph Roneld $331,550
Previous Owner Souza Filho Mauro $238,500
Previous Owner Parsons Bill $184,000
Previous Owner Herubin Scott $174,600
Previous Owner Kratenstein Howard $151,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2021 05/18/21 Sold $575,000 +4.5% $238 / Sq Ft
04/18/2021 04/18/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $550,000 0.0% $227 / Sq Ft
05/22/2020 05/22/20 Rented $1,050 -4.5% --
04/22/2020 04/22/20 Under Contract -- -- --
04/14/2020 04/14/20 For Rent $1,100 0.0% --
02/22/2018 02/22/18 Sold $360,000 -6.5% $149 / Sq Ft
01/23/2018 01/23/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $385,000 +48.1% $159 / Sq Ft
06/09/2016 06/09/16 Sold $260,000 -16.0% $107 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $309,500 -- $128 / 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 $12,176 $600,850 $101,250 $499,600
2024 $11,550 $553,490 $33,750 $519,740
2023 $11,550 $514,210 $33,750 $480,460
2022 $11,285 $514,210 $33,750 $480,460
2021 $7,241 $297,700 $33,750 $263,950
2020 $7,211 $297,700 $33,750 $263,950
2019 $6,721 $294,680 $33,750 $260,930
2018 $5,568 $256,410 $33,750 $222,660
2017 $5,173 $224,550 $0 $0
2016 $3,218 $126,970 $0 $0
2015 $2,912 $120,010 $0 $0
2014 $2,780 $113,640 $0 $0
2013 -- $112,580 $33,750 $78,830
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller Co-Listing Agent in 2021

    Renan Araujo

    Level Realty Partners, LLC

  • George Coloney

    Seller's Agent in 2018

    George Coloney

    The Keyes Company

    (954) 801-7320

    82 Total Sales

    George Coloney
    Section Image
  • Niki Falck

    Seller Co-Listing Agent in 2018

    Niki Falck

    The Keyes Company

    (954) 467-0105

    29 Total Sales

    Niki Falck
    Section Image
  • Devin Ruiz

    Buyer's Agent in 2018

    Devin Ruiz

    Brookfield Executive Real Esta

    (954) 816-0352

    1 in this area

    12 Total Sales

    Devin Ruiz
    Section Image
  • Lauren Coloney

    Buyer Co-Listing Agent in 2018

    Lauren Coloney

    The Keyes Company

    (954) 467-0105

    28 Total Sales

    Lauren Coloney
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10278605

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-34-07-0080

Florida Broward County Fort Lauderdale 33311 Progresso Village

725 NW 4th Ave, Fort Lauderdale, FL

This home is located at 725 NW 4th Ave, Fort Lauderdale, FL 33311 since 05 April 2021 and is currently estimated at $847,928, approximately $350 per square foot. This property was built in 1962. 725 NW 4th Ave is a home located in Broward County with nearby schools including North Side Elementary School, Sunrise Middle School, and Fort Lauderdale 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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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