Back 1144 NE 16th Terrace
Off Market

1144 NE 16th Terrace

Fort Lauderdale FL 33304

2022 sq. ft.
Duplex
Last sold for $505,000
Danielle BastaracheDanielle Bastarache, last sold this property on 11 May 2020 after 239 days on market.

Overview

This NE Fort Lauderdale TRIPLEX is located on a lovely landscaped corner lot in the Lakeridge neighborhood. A great rental investment just minutes to the beach. Consist of a (#1) Largest unit now vacant 1BR/1BA with screened-in porch, fireplace, updated kitchen & laundry room (#2) Nice size studio with updated kitchen (#3) spacious 1BR/1BA with tile floors throughout. Separately metered for electric and gas, RC-15 zoning, Central A/C (2015) in #1, A/C wall units for studio & apt #3, gas stoves in all three units, some new fencing, tented 11/2018, paver walkway & patio and plenty of parking. Convenient to shopping, dining, the Galleria, downtown, Las Olas Blvd and major highways. Extremely desirable location for the new or seasoned investor. No FHA or VA. Expenses: RE Taxes $6495 - INS total $5161 - Water/Sewer/Trash $2160/yr avg - Lawn $780 - Gas for #2 $216/year avg - outdoor electric $360/yr on apt #1's meter. Total Expenses $15,172/yrSeparately metered for electric and gas - #1 has a gas hot water heater other two have electric hot water heaters.Unit #1 Currently vacant. Outdoor lights are on their meter. Unit #2 lease $820/mth but gas is included. Leased thru June 2020Unit #3 lease $1100 and the gas is not included. Leased thru April 2020All sizes approximate and must be verified by the buyer.

Features

2022 sq. ft. floor area
Duplex

Estimated Value

Based on this property and similar duplexes sold in Fort Lauderdale over the last 12 months, the estimated median property value of 1144 NE 16th Terrace is $735k.

Median value
$735k
Estimated value range
$430k - $8.75m
Median days on market
59
Estimated value trend
-17%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Fort Lauderdale. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1144 NE 16th Terrace

2020
Sold
$505,000
11 May 2020 by Danielle Bastarache, of COLDWELL BANKER RESIDENTIAL RE

Happy sellers in Fort Lauderdale

88%
88% of sellers in Fort Lauderdale reported that their sale price either exceeded or met their price expectations.

Fort Lauderdale stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Fort Lauderdale over the last 12 months.

Local market activity for duplexes in Fort Lauderdale

In the last 12 months, 27 duplexes similar to 1144 NE 16th Terrace, have been sold.

This represents a 4% increase in duplexes sales when compared to the previous 12 months.

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