NOT LISTED FOR SALE

Estimated Value: $630,236 - $716,000

Studio
3 Baths
2,363 Sq Ft
$286/Sq Ft Est. Value

Last Sold June 12, 2024

Last sale price $617,500 $261 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,521/month

51 Days on Market

Highlights

  • No HOA
  • Shed
  • Central Heating and Cooling System
  • Picnic Area
  • Tile Flooring
  • 2-minute walk to Peter Feldman Park

About This Home

As of June 2024

Amazing opportunity to own a duplex in Old Pompano. 500 & 420 are both on the market valued at $668,000 EACH. EACH building consists of one 2 bedroom 1 bathroom unit and 1, 3 bedroom 2 bathroom unit. Each unit has its own private laundry room, and private fenced in backyard. The two buildings share a guest parking spot in the middle. No expense was spared when building and renovating these units. The building has marble base and marble window sills. All interiors have been upgraded in the last 2-3 years. The units are located in a very high elevation with no threat of flooding. All units come equipped with panel hurricane shutters. All tenant are paying below market rents and are on month to month basis. Only one unit is empty. Step into immediate cash flow. Schedule private tour now

Last Agent to Sell the Property

Meghan Stewart Romanelli

Compass Florida LLC License #3479030 Listed on: 04/20/2024

Compass Florida LLC

Last Buyer's Agent

Meghan Stewart Romanelli

Compass Florida LLC License #3479030 Listed on: 04/20/2024

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,191

Year Built

  • Built in 1973

Lot Details

  • 6,260 Sq Ft Lot
  • Sprinkler System

Home Design

  • Duplex
  • Concrete Roof

Interior Spaces

  • 3 Bathrooms
  • 2,363 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Outdoor Features

  • Shed

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 484236041731

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Old Pompano Subdivision

Amenities

  • Picnic Area

Recreation

  • Trails

Building Details

  • Gross Income $39,900
  • Net Operating Income $24,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,191

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1973
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2363.0

Exterior Features

  • Exterior Features: Outdoor Living Area
  • Fencing: Fenced
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Other Structures: Shed(s)
  • Property Condition: Resale
  • Roof: Concrete

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Picnic Area, Playground, Park, Trail(s)
  • Association: No

Lot Info

  • Parcel #: 484236041731
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.4
  • Mobile Dim Units: Feet
  • Zoning: RD-1

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Property Net Operating Income: 24900.0
  • Number Of Units In Community: 2
  • Annual Gross Income: 39900.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7191.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2024
Closed on
Jun 12, 2024
Sold by
Sipala William J
Bought by
Lampert Group Holdings Llc
Seller's Agent
Meghan Stewart Romanelli
Compass Florida LLC
Buyer's Agent
Meghan Stewart Romanelli
Compass Florida LLC
List Price
$690,000
Sold Price
$617,500
Premium/Discount to List
-$72,500
-10.51%
Views
20
Current Estimated Value
$671,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,110
Avg. Annual Appreciation
5.41%

Purchase Details

Closed on
Jan 12, 2018
Sold by
Sipala Joseph and Sipala Dolores M
Bought by
Sipala Joseph and Sipala Dolores M
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
Lampert Group Holdings Llc $1,235,000 Attorneys Key Title
Sipala Joseph -- Blue Martin Title Corp
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $617,500 -7.6% $261 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/07/2024 05/07/24 Price Changed $668,000 -3.2% $283 / Sq Ft
04/20/2024 04/20/24 For Sale $690,000 -- $292 / 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
2026 $12,412 $573,530 $43,820 $529,710
2025 $8,692 $573,530 $43,820 $529,710
2024 $7,192 $493,500 $43,820 $449,680
2023 $7,192 $313,430 $43,820 $269,610
2022 $6,541 $293,420 $43,820 $249,600
2021 $6,246 $281,040 $43,820 $237,220
2020 $5,994 $308,660 $43,820 $264,840
2019 $5,559 $283,890 $43,820 $240,070
2018 $2,495 $203,720 $0 $0
2017 $2,208 $137,140 $0 $0
2016 $2,023 $131,170 $0 $0
2015 $1,906 $126,180 $0 $0
2014 $1,796 $121,580 $0 $0
2013 -- $154,250 $43,820 $110,430
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10980081

BeachesMLS (Greater Fort Lauderdale)

APN: 48-42-36-04-1731

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