NOT LISTED FOR SALE

Pompano Beach, FL 33062

Beachside Pompano Beach Neighborhood

Estimated Value: $676,240 - $1,259,000

Studio
3 Baths
1,080 Sq Ft
$836/Sq Ft Est. Value

Last Sold May 08, 2018

Last sale price $400,000 $370 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $5,921/month

7 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Ceiling Fan
  • No HOA
  • Central Heating

About This Home

As of May 2018

FANTASTIC INVESTMENT OPPORTUNITY!!!!! THIS WOULD BE A GREAT AIR B& B GREAT RETURN!!! ALL UNITS HAVE BEAUTIFULLY REMODELED, THE UNITS FEATURE WOOD LOOK FLOORS, TASTEFULLY REMODELED BATHROOMS AND KITCHENS WITH GRANITE COUNTER TOPS. ALL ELECTRICAL HAS BEEN UPDATED LATE 2017 VERY WELL MAINTAINED PROPERTY WITH LAUNDRY FACILITY BEHIND UNIT#2 ALL UNITS HAVE PRIVATE BACKYARDS!!!! LOCATED IN THE VERY DESIRABLE EAST POMPANO AREA. MINUTES FROM THE BEACH, SHOPPING AND THE INTER COASTAL. ALL OF THE UNITS ARE CURRENTLY RENTED ON A MONTH TO MONTH WITH ROOM FOR MONTHLY INCREASES

Last Agent to Sell the Property

Jimmy Tassi

Complete Real Estate Solutions Inc License #666939 Listed on: 02/16/2018

Last Buyer's Agent

Jimmy Tassi

Complete Real Estate Solutions Inc License #666939 Listed on: 02/16/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,520

Year Built

  • Built in 1961

Lot Details

  • 6,482 Sq Ft Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Concrete Roof

Interior Spaces

  • 3 Bathrooms
  • 1,080 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 494306110120

Community Details

Overview

  • No Home Owners Association
  • Association fees include gas, ground maintenance, sewer, water
  • 3 Units
  • Pompano Beach Park Subdivision

Building Details

  • Gross Income $7,000
  • Net Operating Income $26,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,520

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: ATLANTIC BLVD EAST GO OVER THE BRIDGE RIGHT AT THE LIGHT AND DRIVE DOWN TO PROPERTY ON THE W/SIDE IF HIBISCUS
  • Year Built: 1961
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 1080.0

Exterior Features

  • Exterior Features: Lighting
  • Fencing: Fenced
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick, Block, Concrete
  • Property Condition: Resale
  • Roof: Concrete

Utilities

  • Cooling: Ceiling Fan(s), Electric, Other
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Fee Information

  • Association Fee Includes: Gas, Maintenance Grounds, Sewer, Water

Lot Info

  • Parcel #: 494306110120
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534.0
  • Mobile Dim Units: Feet
  • Zoning: RES

Rental Info

  • Tenant Pays: Cable TV, Electricity, Sewer, Water

Multi Family

  • Property Net Operating Income: 26300.0
  • Number Of Units In Community: 3
  • Annual Gross Income: 7000.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6520.18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2018
Closed on
May 8, 2018
Sold by
301 Hibiscus Avenue Llc
Bought by
Derose Christopher Lawrence
Seller's Agent
Jimmy Tassi
Complete Real Estate Solutions Inc
Buyer's Agent
Jimmy Tassi
Complete Real Estate Solutions Inc
List Price
$490,000
Sold Price
$400,000
Premium/Discount to List
-$90,000
-18.37%
Current Estimated Value
$903,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,060
Avg. Annual Appreciation
11.12%
Original Mortgage
$260,000
Outstanding Balance
$222,148
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$680,912

Purchase Details

Closed on
Apr 28, 2010
Sold by
Faia Angela
Bought by
301 Hibiscus Avenue Llc

Purchase Details

Closed on
Aug 14, 2009
Sold by
Sillato Gregory
Bought by
Faia Angela

Purchase Details

Closed on
Jul 27, 2005
Sold by
David Shlomo S
Bought by
Sillato Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,300
Interest Rate
8.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2001
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Jan 2, 1997
Sold by
Skopp Jerold E and Skopp R
Bought by
Silva Heros and Sousa Liliane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,238
Interest Rate
7.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1988
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Derose Christopher Lawrence $400,000 Attorney
301 Hibiscus Avenue Llc -- None Available
Faia Angela $265,500 Attorney
Sillato Gregory $559,000 --
Available Not $245,000 --
Silva Heros $154,000 --
Available Not $103,714 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derose Christopher Lawrence $260,000
Previous Owner Sillato Gregory $391,300
Previous Owner Silva Heros $133,238
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2018 05/08/18 Sold $400,000 -18.4% $370 / Sq Ft
04/08/2018 04/08/18 Pending -- -- --
02/16/2018 02/16/18 For Sale $490,000 -- $454 / 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
2026 $14,789 $714,970 -- --
2025 $14,480 $714,970 -- --
2024 $14,386 $699,960 -- --
2023 $14,386 $684,960 $0 $0
2022 $13,674 $670,320 $130,090 $540,230
2021 $10,873 $494,390 $130,090 $364,300
2020 $10,427 $486,980 $130,090 $356,890
2019 $9,553 $434,430 $130,090 $304,340
2018 $7,359 $374,120 $130,090 $244,030
2017 $6,520 $286,350 $0 $0
2016 $6,134 $270,400 $0 $0
2015 $5,701 $245,820 $0 $0
2014 $5,094 $223,480 $0 $0
2013 -- $213,900 $130,090 $83,810
Source: Public Records

Agents Affiliated with this Home

  • Jimmy Tassi

    Seller's Agent in 2018

    Jimmy Tassi

    Complete Real Estate Solutions Inc

    (561) 305-2280

    34 Total Sales

    Jimmy Tassi
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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10406627

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-06-11-0120

Florida Broward County Pompano Beach 33062

Beachside Pompano Beach

Not Listed for Sale

MultiFamily

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