NOT LISTED FOR SALE

Estimated Value: $937,000 - $974,000

3 Beds
2 Baths
2,870 Sq Ft
$331/Sq Ft Est. Value

Last Sold January 15, 2025

Last sale price $945,000 $329 Per Sq Ft

Current estimated payment $6,546/month

163 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Central Heating
  • Floranada Elementary School Rated A-

About This Home

As of January 2025

FANTASTIC TRIPLEX IN CORAL RIDGE ISLES!!! CLOSE TO SCHOOLS, BEACHES, HIGHWAY. VERY LARGE 3/2 UPDATED. VERY LARGE 2/1 AND A VERY LARGE 1/1. EACH UNIT HAS BEEN BEAUTIFULLY UPDATED, KITCHENS, OWN LAUNDRY ROOMS, IMPACT WINDOWS AND DOORS, AND LOTS OF PARKING. THIS IS A TERRIFIC INCOME PROPERTY. ONCE THE VACANT UNIT GETS RENTED, THE GROSS INCOME WILL BE OVER $75,000 PER YEAR. EXCELLENT TENANTS WITH ANNUAL LEASES, GOOD DEPOSITS. RECENTLY APPRAISAL WAS $1,000,000!!!

Last Listed By

Tyler Tuchow

Fortune Christie's International Real Estate License #3048833 Listed on: 07/30/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,797

Year Built

  • Built in 1962

Lot Details

  • 9,365

Parking

  • 8 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • 2,870 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Ceramic Tile Flooring

Utilities

  • Cooling Available
  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $78,300
  • Rent includes hot water, sewer, trash collection, water
  • Assessor Parcel Number 494211070150

Community Details

Overview

  • 3 Units
  • Coral Ridge Isles 45 47 B Subdivision

Building Details

  • Net Operating Income $58,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,797

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: ON 56 ST EAST OF DIXIE, WEST OF 18 AVE. CORNER OF NE 16 & 56 ST
  • Year Built: 1962
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Ceramic Tile
  • Living Area: 2870.0
  • Window Features: Blinds

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: 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: Hot Water, Sewer, Trash Collection, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 494211070150
  • Zoning Description: RMM-25

Multi Family

  • Property Net Operating Income: 58450.0
  • Number Of Units Total: 3
  • Total Actual Rent: 78300.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13797.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2024
Closed on
Jan 14, 2025
Sold by
Youre Home Properties Llc
Bought by
Simons Shawn Michael
Seller's Agent
Tyler Tuchow
Fortune Christie's International Real Estate
Buyer's Agent
Kenneth Grant
Grant and Associates Real Estate INC
List Price
$995,000
Sold Price
$945,000
Premium/Discount to List
-$50,000
-5.03%
Total Days on Market
163
Views
28
Current Estimated Value
$949,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,667
Avg. Annual Appreciation
1.84%
Original Mortgage
$976,185
Outstanding Balance
$973,620
Interest Rate
6.69%
Mortgage Type
VA
Estimated Equity
-$23,953

Purchase Details

Listed on
Jun 4, 2017
Closed on
Dec 7, 2017
Sold by
Sanders Byron L and Sanders Latoya A
Bought by
Youre Home Properties Llc
Seller's Agent
Bruce Aboff
The Keyes Company
Buyer's Agent
Tyler Tuchow
Fortune Christie's International Real Estate
List Price
$595,000
Sold Price
$540,000
Premium/Discount to List
-$55,000
-9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.11%
Original Mortgage
$403,125
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2017
Closed on
Nov 13, 2017
Sold by
Marys 56 Street Llc
Bought by
Sanders Byron L and Sanders Latoya A
Seller's Agent
Bruce Aboff
The Keyes Company
Buyer's Agent
Tyler Tuchow
Fortune Christie's International Real Estate
List Price
$595,000
Sold Price
$540,000
Premium/Discount to List
-$55,000
-9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,125
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2016
Closed on
Jun 10, 2016
Sold by
Poskpartners Llc
Bought by
Marys 56 Street Llc
Seller's Agent
Lisa Berman
Century 21 Tenace Realty Inc
Buyer's Agent
Bruce Aboff
The Keyes Company 1
List Price
$579,000
Sold Price
$497,500
Premium/Discount to List
-$81,500
-14.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%

Purchase Details

Listed on
Apr 13, 2016
Closed on
Jun 1, 2016
Bought by
Mary'S 56 Street Llc
Seller's Agent
Lisa Berman
Century 21 Tenace Realty Inc
Buyer's Agent
Bruce Aboff
The Keyes Company 1
List Price
$579,000
Sold Price
$497,500
Premium/Discount to List
-$81,500
-14.08%

Purchase Details

Closed on
Jan 11, 2016
Sold by
Abdulaziz Junaid
Bought by
Poskpartners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2015
Sold by
Us Bank National Association
Bought by
Abdulaziz Junaid

Purchase Details

Closed on
Mar 17, 2015
Sold by
Promise Foundation
Bought by
U S Bank National Association

Purchase Details

Closed on
Nov 18, 2014
Sold by
The Promise Foundation
Bought by
Handley John and Handley Sandra A

Purchase Details

Closed on
May 8, 2012
Sold by
Handley John and Handley Sandra
Bought by
The Promise Foundation

Purchase Details

Closed on
Jan 24, 2007
Sold by
Johnson June Laran
Bought by
Germain Eugene and Germain Florette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2005
Sold by
Handley Sandra A and Handley John
Bought by
Handley John and Handley Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,500
Interest Rate
6.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2002
Sold by
Handley Sandra A and Handley John
Bought by
Handley Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,500
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 1997
Sold by
Cruz Roldan and Cruz Ylonka
Bought by
Wallace Sandra A

Purchase Details

Closed on
Oct 1, 1988
Sold by
Available Not
Bought by
Available Not

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Simons Shawn Michael $945,000 Assure America Title
Youre Home Properties Llc $201,600 Attorney
Sanders Byron L $537,500 Hyperion Title
Marys 56 Street Llc $497,428 Title One Of Florida
Mary'S 56 Street Llc $497,500 --
Poskpartners Llc $395,000 Preferred Title Inc
Abdulaziz Junaid $283,000 Stewart Title Company
U S Bank National Association $175,300 None Available
Handley John -- None Available
The Promise Foundation -- None Available
Germain Eugene $450,000 Attorney
Handley John -- Complete Title Solutions Inc
Handley Sandra A -- First American Title Ins Co
Wallace Sandra A $190,000 --
Available Not $113,929 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simons Shawn Michael $976,185
Previous Owner Sanders Byron L $403,125
Previous Owner Poskpartners Llc $350,000
Previous Owner Germain Eugene $360,000
Previous Owner Handley John $96,575
Previous Owner Handley John H $50,000
Previous Owner Handley John $418,500
Previous Owner Handley John $283,500
Previous Owner Handley Sandra A $18,500
Previous Owner Handley John $220,500
Closed Wallace Sandra A $0
Closed Wallace Sandra A $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $945,000 -5.0% $329 / Sq Ft
08/04/2024 08/04/24 For Sale $995,000 0.0% $347 / Sq Ft
03/01/2020 03/01/20 Rented $1,400 0.0% --
01/31/2020 01/31/20 Under Contract -- -- --
01/03/2020 01/03/20 For Rent $1,400 0.0% --
11/14/2017 11/14/17 Sold $540,000 -9.2% $200 / Sq Ft
10/15/2017 10/15/17 Pending -- -- --
06/04/2017 06/04/17 For Sale $595,000 0.0% $220 / Sq Ft
05/27/2017 05/27/17 Rented $1,275 0.0% --
04/27/2017 04/27/17 Under Contract -- -- --
09/11/2016 09/11/16 For Rent $1,275 0.0% --
06/10/2016 06/10/16 Sold $497,500 -14.1% $166 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $579,000 -- $193 / 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 $14,946 $743,670 -- --
2024 $13,798 $743,670 -- --
2023 $13,798 $614,610 $0 $0
2022 $12,222 $558,740 $0 $0
2021 $11,103 $507,950 $74,930 $433,020
2020 $10,462 $476,950 $74,930 $402,020
2019 $8,965 $432,180 $74,930 $357,250
2018 $9,906 $503,360 $74,930 $428,430
2017 $8,929 $441,750 $0 $0
2016 $7,858 $372,120 $0 $0
2015 $6,625 $314,870 $0 $0
2014 $5,408 $227,480 $0 $0
2013 -- $206,800 $74,930 $131,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10454075

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-11-07-0150