PENDING
$50K PRICE DROP
University Park Condominiums 7085 Nova Dr Unit 313 Davie, FL 33317
Fern Crest Village NeighborhoodEstimated payment $2,266/month
Total Views
4,417
2
Beds
2
Baths
1,061
Sq Ft
$259
Price per Sq Ft
Highlights
- Vaulted Ceiling
- Community Pool
- Walk-In Closet
- Pool View
- Screened Balcony
- Tile Flooring
About This Home
Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property's prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don't miss out on this turnkey investment is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,620
Year Built
- Built in 2003
HOA Fees
- $346 Monthly HOA Fees
Parking
- Open Parking
Home Design
- Garden Apartment
Interior Spaces
- 1,061 Sq Ft Home
- 3-Story Property
- Vaulted Ceiling
- Tile Flooring
- Pool Views
Kitchen
- Self-Cleaning Oven
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Additional Features
- Screened Balcony
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 504122AE0450
Community Details
Overview
- 12 Units
- Low-Rise Condominium
- University Parc Condos
- University Parc Residence,University Parc Subdivision
Recreation
- Community Pool
Pet Policy
- Breed Restrictions
Map
About University Park Condominiums
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Home Values in the Area
Average Home Value in this Area
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 | $4,910 | $226,570 | -- | -- |
| 2024 | $4,620 | $226,570 | -- | -- |
| 2023 | $4,620 | $187,260 | $0 | $0 |
| 2022 | $3,945 | $170,240 | $0 | $0 |
| 2021 | $3,530 | $154,770 | $0 | $0 |
| 2020 | $3,359 | $191,280 | $19,130 | $172,150 |
| 2019 | $3,092 | $172,130 | $17,210 | $154,920 |
| 2018 | $2,895 | $171,900 | $17,190 | $154,710 |
| 2017 | $2,637 | $105,720 | $0 | $0 |
| 2016 | $2,429 | $96,110 | $0 | $0 |
| 2015 | $2,314 | $87,380 | $0 | $0 |
| 2014 | $2,132 | $79,440 | $0 | $0 |
| 2013 | -- | $72,220 | $7,220 | $65,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | Pending | -- | -- | -- |
| 04/01/2025 04/01/25 | Price Changed | $275,000 | 0.0% | $259 / Sq Ft |
| 04/01/2025 04/01/25 | For Sale | $275,000 | +1.9% | $259 / Sq Ft |
| 03/04/2025 03/04/25 | Pending | -- | -- | -- |
| 02/24/2025 02/24/25 | For Sale | $270,000 | 0.0% | $254 / Sq Ft |
| 02/03/2025 02/03/25 | Off Market | $270,000 | -- | -- |
| 01/20/2025 01/20/25 | Price Changed | $270,000 | -8.5% | $254 / Sq Ft |
| 10/07/2024 10/07/24 | For Sale | $295,000 | 0.0% | $278 / Sq Ft |
| 09/24/2024 09/24/24 | Pending | -- | -- | -- |
| 08/22/2024 08/22/24 | Price Changed | $295,000 | -6.3% | $278 / Sq Ft |
| 08/06/2024 08/06/24 | Price Changed | $315,000 | -3.1% | $297 / Sq Ft |
| 05/02/2024 05/02/24 | For Sale | $325,000 | 0.0% | $306 / Sq Ft |
| 02/01/2016 02/01/16 | Rented | $1,475 | -1.7% | -- |
| 01/10/2016 01/10/16 | Under Contract | -- | -- | -- |
| 12/29/2015 12/29/15 | For Rent | $1,500 | -- | -- |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $189,000 | Signature Title Services Inc | |
| Special Warranty Deed | $117,800 | Us Title Services Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $94,240 | No Value Available |
Source: Public Records
Similar Homes in Davie, FL
Source: MIAMI REALTORS® MLS
MLS Number: A11580196
APN: 50-41-22-AE-0450
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