NOT LISTED FOR SALE

Drake Tower Condominiums Fort Lauderdale, FL 33311

South Middle River Neighborhood

Estimated Value: $222,000 - $361,000

2 Beds
2 Baths
1,050 Sq Ft
$394/mo HOA Fee

Last Sold December 08, 2014

Last sale price $180,000 $171 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,263/month

399 Days on Market

Highlights

  • Heated Pool
  • River View
  • Deck
  • Fort Lauderdale High School Rated A
  • Clubhouse
  • Bike Room

About This Home

As of December 2014

LARGE TWO BEDROOM TWO BATH SOUTHEAST CORNER UNIT VIEW IS WONDERFUL LOOKING EAST FOR MORNING SUN RISES CENTRAL A/C NEW IN 2011 OVEN/STOVE REFRIG. DISHWASHER WATER HEATER NEW IN 2012 CARPETING & PAINT (2012) IMPACT WINDOWS & SLIDER ELECTRIC SER VICE BOX 2012 PARTICAL WINDOW TREATMENTS DINING AREA CHANDELIER DOES NOT STAY

Last Agent to Sell the Property

Larry Rowe

Inactive Member License #075748 Listed on: 10/04/2013

Last Buyer's Agent

Dale Palmer

Wolfe Real Estate Group

Wolfe Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,864

Year Built

  • Built in 1975

Lot Details

  • River Front

HOA Fees

  • $394 Monthly HOA Fees

Property Views

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer

Kitchen

  • Electric Range
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Over 1 Space Per Unit
  • Guest Parking

Outdoor Features

  • Heated Pool
  • Deck
  • Open Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 494234AJ0680

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, laundry, ground maintenance, maintenance structure, pest control, pool(s), reserve fund, roof, sewer, trash, water
  • Drake Tower Subdivision
  • Car Wash Area
  • 13-Story Property

Amenities

  • Picnic Area
  • Community Library
  • Laundry Facilities
  • Bike Room
  • Community Storage Space
  • Elevator

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Card or Code Access
  • Phone Entry

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,864

Year Built

Built in 1975

Lot Details

0

HOA Fees

$394 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 1975
  • Carport Y N: No
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Bedroom on Main Level, Entrance Foyer, Elevator
  • Appliances: Dishwasher, Electric Range, Disposal, Ice Maker, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Stories: 13

Exterior Features

  • Exterior Features: Balcony, Barbecue, Deck
  • View: Pool, River, Water
  • Pool Features: Heated
  • View: Yes
  • Waterfront Features: Other, River Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Deck, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Guest, Two or More Spaces

Utilities

  • Laundry Features: Common Area
  • Security: Intercom, Key Card Entry, Phone Entry
  • Green Building Features: Exterior Lighting
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 394.0
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Community Kitchen, Elevator(s), Laundry, Library, Barbecue, Picnic Area, Pool, Storage, Trash, Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Pets Allowed: Size Limit, Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Reserve Fund, Roof, Sewer, Trash, Water

Lot Info

  • Parcel #: 494234AJ0680

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2864.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2013
Closed on
Oct 14, 2014
Sold by
Lorenz Frederick A
Bought by
Marcus Arthur J
Seller's Agent
Larry Rowe
Inactive Member
Buyer's Agent
Dale Palmer
Wolfe Real Estate Group
List Price
$239,000
Sold Price
$180,000
Premium/Discount to List
-$59,000
-24.69%
Current Estimated Value
$299,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,613
Avg. Annual Appreciation
4.85%
Original Mortgage
$135,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2012
Sold by
Bachmann Herbert G
Bought by
Lorenz Frederick A

Purchase Details

Closed on
Jun 20, 2007
Sold by
Casale Noel
Bought by
Bachmann Herbert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 1998
Sold by
Johnson Allan and Hunt David
Bought by
Casale Noel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 1997
Sold by
Ciniero Alfonso and Ciniero Carmela
Bought by
Johnson Allen and Hunt David

Purchase Details

Closed on
Sep 30, 1994
Sold by
Hanna James
Bought by
Ciniero Alfonso and Ciniero Carmela
Source: Public Records

Range of Values:

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Average Value
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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
Marcus Arthur J $180,000 Attorney
Lorenz Frederick A $145,000 Attorney
Bachmann Herbert G $215,000 Attorney
Casale Noel $65,000 --
Johnson Allen $55,000 --
Ciniero Alfonso $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marcus Arthur J $173,500
Closed Marcus Arthur J $22,000
Closed Marcus Arthur J $155,595
Previous Owner Marcus Arthur J $135,000
Previous Owner Bachmann Herbert G $100,000
Previous Owner Ciniero Alfonso $60,000
Previous Owner Ciniero Alfonso $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2014 12/08/14 Sold $180,000 -24.7% $171 / Sq Ft
11/08/2014 11/08/14 Pending -- -- --
10/04/2013 10/04/13 For Sale $239,000 -- $228 / 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 $2,985 $185,100 -- --
2024 $2,925 $179,890 -- --
2023 $2,925 $174,660 $0 $0
2022 $2,758 $169,580 $0 $0
2021 $2,668 $164,650 $0 $0
2020 $2,616 $162,380 $0 $0
2019 $2,500 $158,730 $15,870 $142,860
2018 $2,444 $161,710 $0 $0
2017 $2,422 $158,390 $0 $0
2016 $2,432 $155,140 $0 $0
2015 $2,678 $165,800 $0 $0
2014 $3,257 $143,550 $0 $0
2013 -- $130,500 $13,050 $117,450
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Larry Rowe

    Inactive Member

  • D

    Buyer's Agent in 2014

    Dale Palmer

    Wolfe Real Estate Group

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About Drake Tower Condominiums

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1258481

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-34-AJ-0680

Florida Broward County Fort Lauderdale 33305

South Middle River

This home since 04 October 2013 and is currently estimated at $299,613, approximately $285 per square foot. This property was built in 1975. This home is a home located in Broward County with nearby schools including Bennett 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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