NOT LISTED FOR SALE

8804 NW 38th Dr Unit 1-4 Coral Springs, FL 33065

Village Green Neighborhood

Estimated Value: $1,230,000 - $1,400,440

12 Beds
8 Baths
5,144 Sq Ft
$255/Sq Ft Est. Value

Last Sold December 26, 2013

Last sale price $525,000 $102 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $9,195/month

18 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 3-minute walk to Village Green Park
  • Tile Flooring

About This Home

As of December 2013

Very well kept 4plex. Big units, Fully rented, all units are 3/2 rented below market rent. Easy to rent but has long term tenants. LOTS OF POTENTIAL. This is an investor's dream. Currently a 8.9% CAP RATE w/ potential for a 10.3% CAP RATE. Surrounded by B roken Woods Golf Course. This is one is going to go fast bring your investors, bring your buyers. Call listing agent. By Appointment only. 3% For Buyer's Agent.

Last Agent to Sell the Property

Douglas Montas

NSE Realty, LLC License #3048337 Listed on: 11/22/2013

Last Buyer's Agent

Michael Biggie

Charles Rutenberg Realty LLC License #3076565

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,509

Year Built

  • Built in 2003

Lot Details

  • 0.32

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,144 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Coral Springs Village Gre Condos
  • Coral Springs Village Gre Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 484115030680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,509

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2003
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Directions: CLOSE TO SAMPLE AND NW 27 AVE.
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: CORAL SPRINGS VILLAGE GRE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other, Tile
  • Living Area: 5144
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CORAL SPRINGS VILLAGE GRE
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 484115030680
  • Zoning: 4 PLEX
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 8509

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2013
Closed on
Dec 26, 2013
Sold by
Badal Himraj and Badal Naseem H
Bought by
Morbar Llc
Seller's Agent
Douglas Montas
NSE Realty, LLC
Buyer's Agent
Michael Biggie
Charles Rutenberg Realty LLC
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Current Estimated Value
$1,358,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$833,684
Avg. Annual Appreciation
8.55%

Purchase Details

Closed on
Apr 16, 2004
Sold by
Garcia Luis E and Garcia Lisette
Bought by
Badal Himraj and Badal Naseem H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2002
Sold by
J Jag Inc
Bought by
Garcia Luis E and Garcia Lisette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2001
Sold by
J Jag Inc
Bought by
Famularo John and Famularo Randi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2001
Sold by
Available Not
Bought by
Available Not
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
Morbar Llc $525,000 Exceptional Title Insurance
Badal Himraj $610,000 National Land Title
Garcia Luis E $470,000 Sunbelt Title Agency
Famularo John -- Coastal Title & Escrow Svcs
Available Not $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Badal Himraj $369,500
Previous Owner Badal Himraj $355,000
Previous Owner Garcia Luis E $100,000
Previous Owner Garcia Luis E $376,000
Previous Owner Famularo John $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2013 12/26/13 Sold $525,000 -8.7% $102 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
11/22/2013 11/22/13 For Sale $575,000 -- $112 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $21,073 $820,780 -- --
2024 $18,671 $820,780 -- --
2023 $18,671 $678,340 $0 $0
2022 $15,588 $616,680 $96,220 $520,460
2021 $15,503 $616,680 $96,220 $520,460
2020 $15,182 $616,680 $96,220 $520,460
2019 $14,833 $597,290 $96,220 $501,070
2018 $13,413 $572,810 $96,220 $476,590
2017 $12,313 $504,260 $0 $0
2016 $12,726 $541,520 $0 $0
2015 $12,074 $494,940 $0 $0
2014 $11,060 $449,950 $0 $0
2013 -- $378,160 $96,220 $281,940
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Douglas Montas

    NSE Realty, LLC

    4 Total Sales

    Section Image

  • M

    Buyer's Agent in 2013

    Michael Biggie

    Charles Rutenberg Realty LLC

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A1873587

MIAMI REALTORS® MLS

APN: 48-41-15-03-0680

Florida Broward County Coral Springs 33065 Village Green

8804 NW 38th Dr Unit 1-4, Coral Springs, FL

This home is located at 8804 NW 38th Dr Unit 1-4, Coral Springs, FL 33065 since 22 November 2013 and is currently estimated at $1,313,360, approximately $255 per square foot. This property was built in 2003. 8804 NW 38th Dr Unit 1-4 is a home located in Broward County with nearby schools including James S. Hunt Elementary School, Forest Glen Middle School, and Coral Springs 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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