NOT LISTED FOR SALE

Estimated Value: $575,688 - $673,000

7 Beds
5 Baths
2,368 Sq Ft
$257/Sq Ft Est. Value

Last Sold May 28, 2024

Last sale price $650,000 $274 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,648/month

33 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Carpet
  • Shuffleboard Court

About This Home

As of May 2024

3/2 single family house and a triplex (all 1/1s) for a total of 4 income-producing units. Fully occupied with in-place rents grossing $5,682/mo and proven market rents at $6,612/mo. 7.7% cap rate based on in-place rents and expenses.

Last Agent to Sell the Property

Jesse Bailey

49 Units, LLC License #3227469 Listed on: 03/21/2024

Last Buyer's Agent

Stephanie Stewart

Coldwell Banker Realty License #3500056

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,450

Year Built

  • Built in 1962

Lot Details

  • 0.32

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 5 Bathrooms
  • 2,368 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 0.32 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 56434228000003020

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 28 42 43, E 100 Ft Of W 935.77 Ft Of S 140 Ft Of N Subdivision

Recreation

  • Shuffleboard Court

Building Details

  • Gross Income $68,184
  • Net Operating Income $52,748

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,450

Year Built

Built in 1962

Lot Details

0.32 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1962
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 2368.0

Exterior Features

  • Exterior Features: Lighting, Outdoor Living Area
  • Fencing: Fenced
  • Lot Features: Fruit Trees, 1/4 to 1/2 Acre Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Park, Shuffleboard Court
  • Association: No

Lot Info

  • Parcel #: 56434228000003020
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939.2
  • Mobile Dim Units: Feet
  • Zoning: RS-6(c

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Property Net Operating Income: 52748.0
  • Number Of Units In Community: 4
  • Annual Gross Income: 68184.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5449.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 28, 2024
Sold by
Pollack John H
Bought by
Wong Simon Chi-Hin
Seller's Agent
Jesse Bailey
49 Units, LLC
Buyer's Agent
Stephanie Stewart
Coldwell Banker Realty
List Price
$685,000
Sold Price
$650,000
Premium/Discount to List
-$35,000
-5.11%
Views
18
Current Estimated Value
$609,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,828
Avg. Annual Appreciation
-3.54%
Original Mortgage
$487,500
Outstanding Balance
$479,318
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$129,854

Purchase Details

Closed on
Dec 13, 1995
Sold by
Pollack John H and Pollack Jeanne K
Bought by
Pollack John H
Source: Public Records
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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
Wong Simon Chi-Hin $654,856 All Florida Land Title
Wong Simon Chi-Hin $654,856 All Florida Land Title
Pollack John H $15,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Simon Chi-Hin $487,500
Closed Wong Simon Chi-Hin $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2024 05/28/24 Sold $650,000 -5.1% $274 / Sq Ft
03/21/2024 03/21/24 For Sale $685,000 -- $289 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $5,748 $476,160 -- --
2024 $5,748 $197,364 -- --
2023 $5,450 $179,422 $164,400 $221,387
2022 $4,946 $163,111 $0 $0
2021 $4,228 $239,738 $71,400 $168,338
2020 $3,902 $217,547 $57,600 $159,947
2019 $3,560 $188,567 $50,400 $138,167
2018 $3,147 $167,461 $47,499 $119,962
2017 $2,919 $150,454 $38,306 $112,148
2016 $2,639 $92,072 $0 $0
2015 $2,416 $83,702 $0 $0
2014 $2,237 $76,093 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10970974

BeachesMLS (Greater Fort Lauderdale)

APN: 56-43-42-28-00-000-3020

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