$675,000
SOLD JAN 15, 2025

1232 NE 16th Ave Fort Lauderdale, FL 33304

Lake Ridge Neighborhood
-- Bed
-- Bath
1,346 Sq Ft
6,753 Sq Ft Lot

Recently Sold

$501 Per Sq Ft

14% Below List Price

196 Days on Market

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Shed
  • Fort Lauderdale High School Rated A
  • Patio
  • Terrazzo Flooring

About This Home

As of January 2025

Well established duplex with two 2/1 units both with polished terrazzo flooring, open floorplans, fully equipped kitchens with Quartz countertops and dishwashers, separate washer/dryers, private fenced side yards and a huge backyard with a storage shed. Newer roof from 2019. Newer full impact windows from 2019. 4 on site parking spaces. Great curb appeal and million $ townhomes on 2 sides. Unbeatable location in E. Fort Lauderdale just 1 mile from the beach, less than 10 minutes from Las Olas, 5 minutes from Wilton Drive and 15 minutes to the airport. This property is in the most desirable section of Lake Ridge on the East side just blocks from Federal Hwy. No HOA- short term, mid term and annual renting ok. Room for a pool. 2 WATER METERS & 2 ELECTRIC METERS- TENANTS PAY ALL UTILITIES!

Last Agent to Sell the Property

Amy Guarino

The Rausch Real Estate Top Gun Team Inc License #3112929

Last Buyer's Agent

William Encinosa

W International Realty LLC License #3269600

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,640

Year Built

  • Built in 1960

Lot Details

  • 6,753 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,346 Sq Ft Home
  • 1-Story Property
  • Terrazzo Flooring
  • Garden Views

Outdoor Features

  • Patio
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 494234029070
  • Seller Considering Concessions

Community Details

Overview

  • 2 Units
  • Progresso Subdivision

Building Details

  • Net Operating Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,640

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Sunrise Blvd east To NE 15 Ave, north to NE 12 Ave, East to NW 16 Ave, north to property
  • Year Built: 1960
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Terrazzo
  • Living Area: 1346.0

Exterior Features

  • Exterior Features: Fence, Patio, Shed
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent, Pet on Property
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 494234029070
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 6753.0
  • Zoning Description: RC-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 51600.0
  • Number Of Units Total: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8640.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $675,000 -9.4% $501 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
12/06/2024 12/06/24 Price Changed $745,000 -2.6% $553 / Sq Ft
08/30/2024 08/30/24 Price Changed $765,000 -2.5% $568 / Sq Ft
06/20/2024 06/20/24 For Sale $785,000 +127.5% $583 / Sq Ft
04/12/2019 04/12/19 Sold $345,000 -1.4% $257 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $349,900 -- $260 / Sq Ft
Source: BeachesMLS

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 $9,588 $476,820 $54,020 $420,230
2024 $8,640 $474,250 $54,020 $420,230
2023 $8,640 $394,080 $54,020 $340,060
2022 $7,325 $333,860 $54,020 $279,840
2021 $7,479 $341,600 $0 $0
2020 $6,937 $315,270 $54,020 $261,250
2019 $4,411 $222,230 $54,020 $168,210
2018 $3,950 $214,150 $54,020 $160,130
2017 $3,578 $159,880 $0 $0
2016 $3,341 $145,350 $0 $0
2015 $3,046 $132,140 $0 $0
2014 $2,858 $120,130 $0 $0
2013 -- $114,040 $54,020 $60,020
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $442,000 New Conventional
Previous Owner $40,000 Commercial
Previous Owner $30,000 Credit Line Revolving
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $345,000 Esquire Title Inc
Warranty Deed $285,000 Cooperative Title Agency Of
Personal Reps Deed $215,000 Cooperative Title Agency Of
Quit Claim Deed -- --
Source: Public Records

Source: BeachesMLS

MLS Number: R10997900

BeachesMLS

APN: 49-42-34-02-9070

Florida Broward County Fort Lauderdale 33304 Lake Ridge

1232 NE 16th Ave, Fort Lauderdale, FL

Homes for Sale in Fort Lauderdale, FL

This home is located at 1232 NE 16th Ave, Fort Lauderdale, FL 33304 and is currently priced at $675,000, approximately $501 per square foot. This property was built in 1960. 1232 NE 16th Ave is a home located in Broward County with nearby schools including Bennett Elementary School, Sunrise Middle School, and Fort Lauderdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.