NOT LISTED FOR SALE

Estimated Value: $858,634 - $935,000

1 Bed
-- Bath
1,790 Sq Ft
$501/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $930,000 $520 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,288/month

83 Days on Market

Highlights

  • Room in yard for a pool
  • Wood Flooring
  • Impact Glass
  • Fort Lauderdale High School Rated A
  • Balcony
  • Open Patio

About This Home

As of April 2024

$83,000 BELOW APPRAISED VALUE! Amazing Rental Fourplex Investment Opportunity on the East Side of Fort Lauderdale. This outstanding property is only four blocks outside Wilton Manors and boasts gorgeous tropical landscaping, a renovated cottage, two new roofs and a lot more! Main house has three rental units. The two apartments downstairs are studios and upstairs is one ultra modern "owner's" apartment. Also on the same full lot and a half is a fully renovated cottage with private yard, lush landscaping and a private fenced yard. The perfect investment for an owner looking to live onsite (or just keep an apt open for yourself when you're in town) and collect the income from the other three units. To help pinpoint the exact value I had an appraisal done a few weeks ago.

Last Agent to Sell the Property

Richard Daniels

The Keyes Company License #3231394 Listed on: 02/01/2024

The Keyes Company

Last Buyer's Agent

Francine Wishart

Premier Associates Realty LLC License #3024215

Premier Associates Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,973

Year Built

  • Built in 1958

Lot Details

  • 10,106

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,790 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tinted Windows
  • Blinds
  • Impact Glass

Flooring

  • Wood
  • Concrete
  • Slate Flooring

Outdoor Features

  • Room in yard for a pool
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $5,500
  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 494234027210

Community Details

Overview

  • 4 Units
  • Progresso 2 18 D Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,973

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: Turn right onto N Andrews Ave. Continue on NE 14th St. Drive to NE 5th Ave. Turn left at the 2nd cross street onto NE 14th St. Turn right onto NE 5th Ave and the property will be on the right.
  • Year Built: 1958
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Private Spa: No
  • Flooring: Concrete, Slate, Wood
  • Living Area: 1790.0
  • Window Features: Blinds, Drapes, Impact Glass, Tinted Windows

Exterior Features

  • Exterior Features: Balcony, Barbecue, Other, Patio, Room For Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent, Pet on Property
  • Construction Type: Block, Frame
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Trash Collection, Water
  • Community Features: Non-Gated, Laundry Facilities

Lot Info

  • Parcel #: 494234027210
  • Zoning Description: RM-15

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6973.0

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 5500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2024
Sold by
Bittar Darlin and Bittar Elsa
Bought by
Matisa 1329 Llc
Current Estimated Value
$896,817

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 18, 2024
Sold by
Daniels Richard
Bought by
Bittar Darlin and Bittar Elsa
Seller's Agent
Richard Daniels
The Keyes Company
Buyer's Agent
Francine Wishart
Premier Associates Realty LLC
List Price
$750,000
Sold Price
$930,000
Premium/Discount to List
$180,000
24%
Views
91

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.11%
Original Mortgage
$697,500
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2002
Sold by
Corea Michael T
Bought by
Sgarrini Walter William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,000
Interest Rate
15%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2001
Sold by
Corea Michael
Bought by
Daniels Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2001
Sold by
Dfr Prop Invs Inc C
Bought by
Corea Michael

Purchase Details

Closed on
Aug 10, 1994
Sold by
Flanchraych Amir
Bought by
D R F Prop Inv Inc
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
Matisa 1329 Llc -- None Listed On Document
Bittar Darlin $930,000 Assure America Title
Sgarrini Walter William $22,000 The Title Company Of South F
Daniels Richard $195,000 --
Corea Michael $122,000 --
D R F Prop Inv Inc $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bittar Darlin $697,500
Previous Owner Sgarrini Walter William $21,000
Previous Owner Daniels Richard $175,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2024 04/25/24 Sold $930,000 +0.5% $520 / Sq Ft
03/18/2024 03/18/24 Price Changed $925,000 -5.1% $517 / Sq Ft
03/11/2024 03/11/24 Price Changed $975,000 -3.3% $545 / Sq Ft
02/01/2024 02/01/24 Price Changed $1,008,000 +34.4% $563 / Sq Ft
02/01/2024 02/01/24 For Sale $750,000 -- $419 / 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 $7,171 $850,530 $50,620 $799,910
2024 $6,973 $480,620 $60,740 $419,880
2023 $6,973 $262,810 $0 $0
2022 $6,440 $247,710 $0 $0
2021 $6,200 $233,890 $0 $0
2020 $5,633 $283,830 $0 $0
2019 $4,698 $255,030 $0 $0
2018 $3,938 $203,790 $0 $0
2017 $3,437 $184,970 $0 $0
2016 $3,411 $179,660 $0 $0
2015 $3,753 $156,980 $0 $0
2014 $2,193 $101,750 $0 $0
2013 -- $110,560 $60,740 $49,820
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10420928

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-34-02-7210