SOLD MAY 2, 2023
RENTED OCT 15, 2024
951 SW 121st Ave Davie, FL 33325
Rexmere Village Neighborhood
4
Beds
3
Baths
2,352
Sq Ft
2.25
Acres
About This Home
As of May 2023PRICE REDUCED!!DEVELOPMENT OPPORTUNITY!!! EXTREMELY PRIME LOCATION IN DAVIE. BUILD 10+ TOWNHOUSES or DREAM RANCH. Prime strip of land to build 10-15 units (2.24 acres). Townhouses in the area sell for $500k. Single family homes in the area sell for $800k. Prime location in west Davie close to 595. Potential Gross Income over $7.5M if the developer sells the units. Build and rent each unit starting at $2800 per month (based on area data), potential rental income $40k+ per month. Please note, a well maintained 2300 sq ft single family home with a pool also occupies the land. Potential buyer could buy it as a single family home with over 2 acres to build out a dream ranch. The parcel is currently zoned AG (Agricultural). Buyer will have to rezone and plot the land if building multiple units.
Last Agent to Sell the Property
RE/MAX Interaction Realty License #3408544 Listed on: 05/10/2022
Home Details
Home Type
Single Family
Est. Annual Taxes
$19,761
Year Built
1971
Lot Details
0
Parking
4
Listing Details
- Prop. Type: Residential
- Property Sub Type: Single Family Residence
- Property Sub Type Additional: Single Family Residence
- Directions: GPS
- Year Built: 1971
- Architectural Style: One Story
- Building Stories: 1
- Year Built Details: Resale
- Special Features: VirtualTour
- Stories: 1
Interior Features
- Interior Amenities: Bedroom on Main Level, First Floor Entry, Main Level Master
- Main Level Bathrooms: 3
- Main Level Bedrooms: 3
- Appliances: Other
- Full Bathrooms: 3
- Total Bedrooms: 4
- Flooring: Laminate
- Living Area: 2352.0
- Dining Room Type: Other
Exterior Features
- Exterior Features: Fence, Fruit Trees, Patio, Privacy Wall
- View: Garden, Pool
- Lot Features: 2-3 Acres
- Pool Features: Pool, Private
- Pool Private: Yes
- Waterfront Features: Canal Front
- Waterfront: No
- Construction Type: Brick, Block
- Direction Faces: East
- Patio And Porch Features: Patio
- Property Condition: Resale
- Roof: Other
Garage/Parking
- Covered Parking Spaces: 4.0
- Garage Spaces: 4.0
- Garage Yn: Yes
- Parking Features: Driveway, Other, RV Access/Parking
Utilities
- Cooling: Other
- Heating: Other
- Sewer: Public Sewer
- Water Source: Public
Condo/Co-op/Association
- Community Features: Non-Gated, Other
- Senior Community: No
Lot Info
- Parcel #: 504012000081
- Lot Size Sq Ft: 97820.0
- Zoning Description: AG
- ResoLotSizeUnits: SquareFeet
Tax Info
- Tax Year: 2021
- Tax Annual Amount: 13979.0
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2022
Closed on
Apr 28, 2023
Sold by
Adams Hance and Kelly Lynn
Bought by
Rhino Homes Llc
Seller's Agent
Khaliq King
RE/MAX Interaction Realty
Buyer's Agent
Khaliq King
RE/MAX Interaction Realty
List Price
$1,600,000
Sold Price
$1,050,000
Premium/Discount to List
-$550,000
-34.38%
Views
72
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,839
Avg. Annual Appreciation
5.95%
Original Mortgage
$350,000
Interest Rate
6.35%
Mortgage Type
Balloon
Purchase Details
Closed on
Dec 31, 2012
Sold by
Coello Arthur and Coello Lilia
Bought by
Adams Kelly Lynn and Adams Hance
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Interest Rate
3.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 29, 2005
Sold by
Reed Mark and Reed Iris
Bought by
Coello Arthur and Coello Lilia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
8.55%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 25, 2000
Sold by
Available Not
Bought by
Available Not
Purchase Details
Closed on
May 29, 1993
Sold by
Tozzi Judith A
Bought by
Laskow Albert and Laskow Loretta
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
7.39%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,050,000 | None Listed On Document | |
| Warranty Deed | $325,000 | Associated Title & Escrow Co | |
| Warranty Deed | $665,000 | -- | |
| Quit Claim Deed | $10,000 | -- | |
| Warranty Deed | $178,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $350,000 | Balloon | |
| Open | $840,000 | New Conventional | |
| Previous Owner | $351,015 | New Conventional | |
| Previous Owner | $308,750 | New Conventional | |
| Previous Owner | $840,000 | Unknown | |
| Previous Owner | $166,000 | Unknown | |
| Previous Owner | $828,000 | Negative Amortization | |
| Previous Owner | $585,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $123,000 | Unknown | |
| Previous Owner | $123,200 | No Value Available | |
| Previous Owner | $142,400 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/15/2024 10/15/24 | Rented | $5,950 | 0.0% | -- |
| 09/10/2024 09/10/24 | Price Changed | $5,950 | -15.0% | $3 / Sq Ft |
| 09/10/2024 09/10/24 | Under Contract | -- | -- | -- |
| 09/01/2024 09/01/24 | Rented | $7,000 | +17.6% | -- |
| 09/01/2024 09/01/24 | Price Changed | $5,950 | -8.5% | $3 / Sq Ft |
| 08/17/2024 08/17/24 | For Rent | $6,500 | 0.0% | -- |
| 05/02/2023 05/02/23 | Sold | $1,050,000 | -30.0% | $446 / Sq Ft |
| 02/12/2023 02/12/23 | Price Changed | $1,500,000 | -6.3% | $638 / Sq Ft |
| 08/08/2022 08/08/22 | For Sale | $1,600,000 | 0.0% | $680 / Sq Ft |
| 08/08/2022 08/08/22 | Pending | -- | -- | -- |
| 05/09/2022 05/09/22 | For Sale | $1,600,000 | -- | $680 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
Tax History Compared to Growth
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 | $19,761 | $933,940 | $464,650 | $469,290 |
| 2024 | $16,383 | $933,940 | $464,650 | $469,290 |
| 2023 | $16,383 | $759,200 | $464,650 | $294,550 |
| 2022 | $15,090 | $709,790 | $464,650 | $245,140 |
| 2021 | $13,979 | $655,960 | $464,650 | $191,310 |
| 2020 | $13,207 | $652,270 | $464,650 | $187,620 |
| 2019 | $12,431 | $648,580 | $464,650 | $183,930 |
| 2018 | $11,341 | $615,270 | $440,190 | $175,080 |
| 2017 | $9,781 | $451,140 | $0 | $0 |
| 2016 | $9,340 | $410,130 | $0 | $0 |
| 2015 | $8,468 | $372,850 | $0 | $0 |
| 2014 | $8,249 | $355,160 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Yaneth Jaramillo
Seller's Agent in 2024
Yaneth Jaramillo
Rhino Realtors LLC
(305) 260-6300
6 Total Sales
-
Andrea Marrero
Buyer's Agent in 2024
Andrea Marrero
LoKation Real Estate
(954) 816-9641
12 Total Sales
-
Khaliq King
Seller's Agent in 2023
Khaliq King
RE/MAX
1 in this area
18 Total Sales
Map
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10330255
APN: 50-40-12-00-0081
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