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617 Northeast 16th Terrace

617 Northeast 16th Terrace, Fort Lauderdale, FL 33304
Property in Victoria Park
2 Units For Sale
Unit for sale at 617 NE 16 Terrace, Fort Lauderdale, FL 33304

$2,200,000 In Contract

  • Studio
  • 4,513 ft²
617 NE 16 Terrace, Fort Lauderdale, FL 33304 Listing by Shelley Walker

Unit for sale at 617 NE 16th Ter, Fort Lauderdale, FL 33304

$2,200,000 In Contract

  • 4 Beds
  • 4 Baths
  • 4,513 ft²
617 NE 16th Ter, Fort Lauderdale, FL 33304 Listing by Shelley Walker

617 Northeast 16th Terrace in Fort Lauderdale, FL was first built in 1953 and is 71 years old. Although, the building on the property was most recently renovated and altered in 1954. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 617 Northeast 16th Terrace has 4,513 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 12,599 square feet.

Learn more about the property and building on this page. There is a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable or hip style roof made of tile. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 617 Northeast 16th Terrace was last sold in Nov 30, 2023 for $1,850,000. According to our calculations, that's $409.93 per sqft. Current property owners are expected to pay $12,348 in taxes per year. The property on 617 Northeast 16th Terrace was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $1,184,660. To break that down further, the land itself was valued at $314,980. While improvements to the property were assessed at a total of $869,680. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.

Building Features

Exterior

Block Exterior

Driveway

Driveway
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1954
  • Building Count: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,599
  • Lot Size Frontage Feet: 1,172
  • Total Building Area: 4,513
  • Gross Building Area: 4,513
  • Building Area: 4,513
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 4,513
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GREENS SUB 19-18 B
  • Land Acres: 0.289
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GREENS SUB 19-18 B LOT 2 N 2.5,3,4 S 44 BLK 1

Ownership

  • Current Owner : RUBICON INVESTMENTS LLC
  • Previous Owner : KLINGLER INGRID M A
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 041802

Zoning

  • Zoning: RCS-15

Geography

  • District: 0312
  • Parcel: 50-42-02-24-0020
  • Block: 1
  • Lot: 2
  • Meridian: SEC 02 TWN 50S RNG 42E
  • Municipality: FORT LAUDERDALE
  • Latitude: 26.1307
  • Longitude: -80.1268

    Address

  • Full Address: 617 Ne 16th Ter
  • Address - House Number: 617
  • Street Direction: NE
  • Address - Street Name: 16th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Fort Lauderdale
  • Carrier Code: C005
  • 4-Digit Zip Code: 2938
  • Zip Code: 33304

Valuation

    Tax

  • Total Area: 4,513
  • Tax Year: 2023
  • Tax Amount: $12,348
  • Tax Rate Code Area: 0312

    Appraisal Valuation

  • Standard Deviation: 0.1638
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 79
  • Final Value: 1,657,000
  • High Value: 1,928,566
  • Low Value: 1,385,434

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,295,000
  • First Open Lien Mortgage Lender: GFI III LP
  • First Open Lien Mortgage Recording Date: Nov 30, 2023
  • First Open Lien Mortgage Loan Amount: $1,295,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon

    Market Valuation

  • Market Total Value: $1,184,660
  • Market Land Value: $314,980
  • Market Improvement Value: $869,680

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,184,660
  • Assessed Land Value: $314,980
  • Assessed Improvements Value: $869,680

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Transaction ID: 11917090270
  • Current Sale Price: $1,850,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 119256677

    Last Sale Mortgage

  • First Mortgage Lender: GFI III LP
  • First Mortgage Transaction Date: Nov 30, 2023
  • First Mortgage Loan Amount: $1,295,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon

About East Fort Lauderdale



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Frequently Asked Questions

What neighborhood is 617 Northeast 16th Terrace located in?
The 617 Northeast 16th Terrace is a located in the neighborhood of Victoria Park in East Fort Lauderdale, Fort Lauderdale.
How many listings are currently for sale in 617 Northeast 16th Terrace?
There are two listings currently on the market for sale.
What is the average sales price for listings in 617 Northeast 16th Terrace?
The average sales price for units in 617 Northeast 16th Terrace is $2,200,000 , or $487/sqft. currently.

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