$555,000
SOLD MAR 26, 2019
-- Bed
-- Bath
2,492 Sq Ft
8,364 Sq Ft Lot

Recently Sold

$223 Per Sq Ft

3% Below List Price

53 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Floranada Elementary School Rated A-
  • Tile Flooring
  • 1-Story Property

About This Home

As of December 2022

EXCELLENT INVESTMENT OPPORTUNITY IN CORAL RIDGE FOR A RESIDENTIAL INCOME PROPERTY!!!
RENOVATED AND FULLY RENTED. 2/1, 1/1, 1/1 & STUDIO. WITH NEW CENTRAL AIR (EXCEPT THE STUDIO), PARKING. LANDSCAPED YARD AND COMPLETELY FENCED. 1 YEAR LEASES WITH FIRST, LAST & SECURITY DEPOSITS.

Last Agent to Sell the Property

Orli Rudolph

Coldwell Banker Realty License #0708335 Listed on: 01/28/2019

Coldwell Banker Realty

Co-Listed By

Matthew Jerry

Coldwell Banker Realty License #3219085

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,499

Year Built

  • Built in 1963

Parking

  • 7 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,492 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $56,700
  • Rent includes gardener, rent incl, trash collection
  • Assessor Parcel Number 494211071500

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Coral Ridge Isles Condos
  • Coral Ridge Isles Subdivision

Building Details

  • Operating Expense $14,000
  • Net Operating Income $42,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,499

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1963
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Co List Office Mls Id: NHRP01
  • Co List Office Phone: 954-564-0028
  • Directions: From 95 take exit 33A Cypress Creek Rd East (NE 62nd Avenue). Turn Right on NE 18th Avenue.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: CORAL RIDGE ISLES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CORAL RIDGE ISLES
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494211071500
  • Zoning: multi
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Other Rent Incl, Trash Collection

Multi Family

  • Net Operating Income: 42700
  • Number Of Units In Community: 4
  • Annual Operating Expense: 14000
  • Total Actual Rent: 56700

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4499

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Dec 3, 2022
Sold by
Rashid Ali Maen
Bought by
Sura Properties Llc
Seller's Agent
Debra Jalinas
PMI Best Assets
Buyer's Agent
Debra Jalinas
PMI Best Assets
Sold Price
$1,450
Views
3
Current Estimated Value
$1,013,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,012,280
Avg. Annual Appreciation
2.97%
Original Mortgage
$462,500
Outstanding Balance
$451,175
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$548,720

Purchase Details

Listed on
Jan 28, 2019
Closed on
Mar 26, 2019
Sold by
Schieber Holdings Llc
Bought by
Rashid Ali Maen
Seller's Agent
Orli Rudolph
Coldwell Banker Realty
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.80%
Original Mortgage
$390,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 15, 2018
Sold by
Archer Carey
Bought by
Schicber Holdings Llc
Seller's Agent
Amy Kilcoyne
Keller Williams Realty Profess
List Price
$375,000
Sold Price
$315,000
Premium/Discount to List
-$60,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
157.02%

Purchase Details

Closed on
Oct 18, 2000
Sold by
Maier Eduard Froscher and Ehlencurcio Monika Ehlencurcio
Bought by
Chesters David E

Purchase Details

Closed on
Jun 23, 1999
Sold by
Hasan and Djelovic Djylije Djelovic
Bought by
Maier Eduard F and Ehlencurcio Juita M

Purchase Details

Closed on
Feb 13, 1997
Sold by
Perezic Sabahete
Bought by
Djelovic Dzelal and Djelovic Hasan

Purchase Details

Closed on
Nov 1, 1991
Sold by
Available Not
Bought by
Available Not
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $925,000 Sunbelt Title
Warranty Deed $555,000 Attorney
Personal Reps Deed $315,000 Attorney
Warranty Deed $194,000 --
Warranty Deed $155,000 --
Quit Claim Deed $100 --
Quit Claim Deed $8,571 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $462,500 New Conventional
Previous Owner $409,500 New Conventional
Previous Owner $390,000 New Conventional
Previous Owner $193,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2023 01/18/23 Rented $1,450 0.0% --
01/18/2023 01/18/23 Under Contract -- -- --
01/11/2023 01/11/23 For Rent $1,450 0.0% --
12/05/2022 12/05/22 Sold $925,000 -7.5% $371 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
09/12/2022 09/12/22 Price Changed $999,999 0.0% $401 / Sq Ft
09/12/2022 09/12/22 Price Changed $1,000,000 -9.1% $401 / Sq Ft
08/30/2022 08/30/22 For Sale $1,100,000 +98.2% $441 / Sq Ft
03/26/2019 03/26/19 Sold $555,000 -3.5% $223 / Sq Ft
01/28/2019 01/28/19 For Sale $575,000 +82.5% $231 / Sq Ft
08/20/2018 08/20/18 Sold $315,000 -16.0% $133 / Sq Ft
07/21/2018 07/21/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $375,000 -- $159 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $17,083 $848,630 $83,470 $765,160
2024 $17,213 $817,140 $66,780 $750,360
2023 $17,213 $817,140 $66,780 $750,360
2022 $11,565 $531,940 $66,780 $465,160
2021 $10,815 $492,470 $66,780 $425,690
2020 $10,555 $480,970 $66,780 $414,190
2019 $8,863 $426,690 $66,780 $359,910
2018 $4,499 $334,470 $0 $0
2017 $4,221 $188,840 $0 $0
2016 $4,010 $179,660 $0 $0
2015 $3,679 $171,630 $0 $0
2014 $3,505 $164,290 $0 $0
2013 -- $213,620 $66,780 $146,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10608082

MIAMI REALTORS® MLS

APN: 49-42-11-07-1500