NOT LISTED FOR SALE

825 NW 27th Ave Fort Lauderdale, FL 33311

Washington Park Neighborhood

Estimated Value: $513,000

1.04 Acres
$493,269 Price per Acre
45,302 Sq Ft Lot

Last Sold November 17, 2020

Last sale price $1,850,000 $40 Per Sq Ft

Current estimated payment $3,223/month

253 Days on Market

Highlights

  • 1.04 Acre Lot
  • Home fronts a canal
  • 4-minute walk to Dillard Park Green Space

About This Lot

As of November 2020

Great Opportunity Zone Hotel for sale. Zone B-3. Hotel is being operated as a medium to long term housing facility and not as a day to day hotel which would maximize revenues. Total of 45 rooms over 3 buildings and 45,455 SqFt of land. It includes 2 folios: 5042 05 11 0020 and the one immediately to the north: 5042 05 11 0010. Property is being undersold for the potential revenue it could generate. Has impact windows throughout - rooms have been updated in the past 3 years. Hotel is current on all State and County licenses needed and it passed the 40 year certificate in May 2019. Bring offers!

Last Agent to Sell the Property

Stefano Barbosa

Homeinc Realty LLC License #3312247 Listed on: 02/07/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,708

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 153x250
  • Home fronts a canal
  • Property is zoned B-3

Additional Features

  • Canal Views
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 504205110020

Community Details

Overview

  • Harris Sub First Add 21 4 Subdivision

Recreation

  • Canal Access

Property Details

Property Type

Land

Est. Annual Taxes

$24,708

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Business
  • Property Sub Type Additional: Commercial
  • Directions: Turn North from Broward Blvd on to NW 27th Ave and head towards NW 8th St. Hotel will be on your left. Turn South on NW 27th Ave from Sunrise Blvd and head towards NW 8th St. Hotel will be on your right.
  • Special Features: VirtualTour

Exterior Features

  • View: Canal
  • Lot Features: Central Business District
  • Waterfront Features: Canal Access, Canal Front, None
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Public

Lot Info

  • Parcel #: 504205110020
  • Current Use: Hotel/Motel
  • Lot Size Acres: 1.04
  • Lot Size: 153x250
  • Lot Size Sq Ft: 34065.0
  • Zoning Description: B-3
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 24708.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Nov 17, 2020
Sold by
Studio 825 Rentals Llc
Bought by
825 Nw 27 Ave Lp
Seller's Agent
Stefano Barbosa
Homeinc Realty LLC
List Price
$2,499,999
Sold Price
$1,850,000
Premium/Discount to List
-$649,999
-26%
Current Estimated Value
$513,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,337,000
Original Mortgage
$850,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 3, 2014
Sold by
Smith Vera
Bought by
Studio 825 Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2014
Sold by
Smith Carmelita
Bought by
Studio 825 Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.29%
Mortgage Type
Commercial
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
825 Nw 27 Ave Lp $185,000 Attorney
Studio 825 Rentals Llc $700,000 None Available
Studio 825 Rentals Llc -- None Available
Studio 825 Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 825 Nw 27 Ave Lp $850,000
Closed 825 Nw 27 Ave Lp $850,000
Previous Owner Studio 825 Rentals Llc $525,000
Previous Owner Studio 825 Rentals Llc $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2020 11/17/20 Sold $1,850,000 -26.0% $40 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $2,499,999 -- $53 / 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 $37,094 $1,463,910 $272,520 $1,191,390
2024 $37,466 $1,463,910 $272,520 $1,191,390
2023 $37,466 $1,463,910 $272,520 $1,191,390
2022 $37,025 $1,463,910 $272,520 $1,191,390
2021 $35,126 $1,363,150 $272,520 $1,090,630
2020 $25,019 $847,260 $272,520 $574,740
2019 $25,130 $847,260 $272,520 $574,740
2018 $24,708 $843,230 $272,520 $570,710
2017 $24,390 $758,380 $0 $0
2016 $20,468 $689,440 $0 $0
2015 $19,019 $626,770 $0 $0
2014 $16,856 $513,370 $0 $0
2013 -- $499,580 $279,760 $219,820
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Stefano Barbosa

    Homeinc Realty LLC

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10215966

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-05-11-0020

Florida Broward County Fort Lauderdale 33311 Washington Park

825 NW 27th Ave, Fort Lauderdale, FL

This home is located at 825 NW 27th Ave, Fort Lauderdale, FL 33311 since 07 February 2020 and is currently priced at $513,000, approximately $10 per square foot. 825 NW 27th Ave is a home located in Broward County with nearby schools including Dr. Martin Luther King, Jr. Montessori Academy, Parkway Middle School, and Dillard 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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