NOT LISTED FOR SALE

7940 NW 50th St Unit 104 Lauderhill, FL 33351

Inverrary Neighborhood

Estimated Value: $162,000 - $175,674

1 Bed
1 Bath
653 Sq Ft
$373/mo HOA Fee

Last Sold November 27, 2023

Last sale price $167,000 $256 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,571/month

86 Days on Market

Highlights

  • Fitness Center
  • Main Floor Bedroom
  • Patio
  • Lake View
  • Community Pool
  • Community Playground

About This Home

As of November 2023

This is a conveniently located 1/1 condo unit recently renovated. There is updated kitchen cabinets, stainless steel appliances and granite counter tops. Unit is on the first floor with a great view of the lake. Condo association has a gym, pool and children play area with walking trail. The monthly maintenance includes cable, gym, water, pool, and pest control. Buyer must have 700 credit score, must have documentation of gross income of $40,000 and a requirement of a minimum of 10% down payment. Please see attachment of condo requirements for purchase and website for condo application. Owners can not rent for the first 2 years of ownership. Association has reserves.

Last Listed By

Jessica Escobar Diaz

Keller Williams Central License #3509834 Listed on: 09/01/2023

Keller Williams Central

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $806

Year Built

  • Built in 1982

Lot Details

  • 3.93

HOA Fees

  • $373 Monthly HOA Fees

Home Design

  • Garden Apartment
  • Concrete Block And Stucco Construction

Interior Spaces

  • 653 Sq Ft Home
  • 3-Story Property
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Lake Views

Kitchen

  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Guest Parking

Outdoor Features

  • Patio

Schools

  • Banyan Elementary School
  • Westpine Middle School
  • Piper High School

Utilities

  • Central Air
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 494116AC0520

Community Details

Overview

  • Low-Rise Condominium
  • Cascades Of Lauderhill Condos
  • Cascades Of Lauderhill,Cascades Subdivision

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$806

Year Built

Built in 1982

Lot Details

0

HOA Fees

$373 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Directions: Located at University Dr south of Commercial Blvd to NW 50th Street. West to the Cascades entrance on NW 76th Terrace.
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: CASCADES OF LAUDERHILL,Cascades
  • Year Built Details: Effective Year Built
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Gas Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 653
  • Possible Use: Primary
  • Stories: 3
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Lake
  • Construction Type: CBS Construction
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Cascades of Lauderhill
  • Parking Features: 1 Space, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes
  • Security: Security Patrol

Condo/Co-op/Association

  • Association Fee: 373
  • Amenities: Exercise Room, Child Play Area, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Banyan
  • High School: Piper
  • Middle Or Junior School: Westpine

Lot Info

  • Parcel Number: 494116AC0520
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 806

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Nov 27, 2023
Sold by
Escobar Ronnie and Escobar Luisa Fernanda
Bought by
Fernandez Pedro Franco
Seller's Agent
Jessica Escobar Diaz
Keller Williams Central
Buyer's Agent
Nakarid Melean
Interinvestments Realty, Inc.
List Price
$179,999
Sold Price
$167,000
Premium/Discount to List
-$12,999
-7.22%
Total Days on Market
86
Views
71
Current Estimated Value
$169,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,669
Avg. Annual Appreciation
1.13%
Original Mortgage
$10,000
Outstanding Balance
$4,904
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$164,765

Purchase Details

Closed on
May 26, 2004
Sold by
Licciardo Vincent and Licciardo Barbara
Bought by
Li David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,920
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 1989
Sold by
Available Not
Bought by
Available Not

Range of Values:

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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
Fernandez Pedro Franco $167,000 None Listed On Document
Li David $69,900 --
Available Not $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Pedro Franco $10,000
Open Fernandez Pedro Franco $128,500
Closed Fernandez Pedro Franco $128,500
Previous Owner Li David $15,000
Previous Owner Li David $55,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2023 11/27/23 Sold $167,000 -4.5% $256 / Sq Ft
10/17/2023 10/17/23 Price Changed $174,900 -2.8% $268 / Sq Ft
09/01/2023 09/01/23 For Sale $179,999 +84.6% $276 / Sq Ft
04/20/2022 04/20/22 Sold $97,500 -0.5% $149 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $98,000 -- $150 / 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 $3,010 $117,510 $11,750 $105,760
2024 $1,886 $143,750 $14,370 $129,380
2023 $1,886 $97,570 $9,760 $87,810
2022 $806 $35,780 $0 $0
2021 $810 $34,740 $0 $0
2020 $760 $34,270 $0 $0
2019 $701 $33,500 $0 $0
2018 $676 $32,880 $0 $0
2017 $632 $32,210 $0 $0
2016 $591 $31,550 $0 $0
2015 $590 $31,340 $0 $0
2014 $536 $31,100 $0 $0
2013 -- $34,900 $3,490 $31,410
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11443014

MIAMI REALTORS® MLS

APN: 49-41-16-AC-0520