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901 Northeast 16th Avenue

901 Northeast 16th Avenue, Fort Lauderdale, FL 33304
Property in Victoria Park
Sold May 21, 2021
$12,581,200
$900,000 by Emr Sbc 2020 I Llc
Mortgage
Sold Jun 09, 1999
$715,000
$475,000 by Lasalle National Bank
Mortgage
901 Northeast 16th Avenue in Fort Lauderdale, FL was first built in 1967 and is 57 years old. Although, the building on the property was most recently renovated and altered in 1968. 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. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 17 are bedrooms. In terms of bathrooms, there are a total of 17 full bathrooms. There are 17 partial bathrooms. 901 Northeast 16th Avenue has 7,772 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 13,500 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 composition shingle. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 901 Northeast 16th Avenue sold most recently in May 20, 2021 for a total of $12,581,200. If you work out the math, that's approximately a cost of $1,618.79 per sqft. Before that, the property was also sold for $715,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $52,894 in taxes each year. 901 Northeast 16th Avenue was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $2,535,520. If we break it down further, the land itself was valued at $202,500. Improvements to the property, however, were assessed at a total of $2,333,020. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 17
  • Bathroom Count: 17
  • Full Bathrooms: 17
  • Partial Bathrooms: 17
  • 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: Composition shingle
  • Floor Count: 2
  • Living Units: 18
  • Floor Cover: Concrete
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,500
  • Lot Size Frontage Feet: 1,168
  • Total Building Area: 7,772
  • Gross Building Area: 7,772
  • Building Area: 7,772
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 7,772
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROGRESSO 2-18 D
  • Land Acres: 0.31
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: PROGRESSO 2-18 D LOT 11,12 BLK 227

Ownership

  • Current Owner : PULSO MIAMI LLC
  • Previous Owner : DF & B PROPERTIES LLC
  • Owner Before Previous Owner: VICTORIA PARK PROPERTIES INC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: RMM-25

Geography

  • District: 0312
  • Parcel: 49-42-34-05-8000
  • Block: 227
  • Lot: 11,12
  • Meridian: SEC 34 TWN 49S RNG 42E
  • Municipality: FORT LAUDERDALE
  • Latitude: 26.1357
  • Longitude: -80.128

    Address

  • Full Address: 901 Ne 16th Ave
  • Address - House Number: 901
  • Street Direction: NE
  • Address - Street Name: 16th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Fort Lauderdale
  • Carrier Code: C016
  • 4-Digit Zip Code: 5405
  • Zip Code: 33304

Valuation

    Tax

  • Total Area: 7,772
  • Tax Year: 2023
  • Tax Amount: $52,894
  • Tax Rate Code Area: 0312

    Appraisal Valuation

  • Standard Deviation: 0.3747
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 25
  • Final Value: 2,444,356
  • High Value: 3,360,382
  • Low Value: 1,528,329

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $900,000
  • First Open Lien Mortgage Lender: EMR SBC 2020 I LLC
  • First Open Lien Mortgage Recording Date: May 21, 2021
  • First Open Lien Mortgage Loan Amount: $900,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $2,535,520
  • Market Land Value: $202,500
  • Market Improvement Value: $2,333,020

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,535,520
  • Assessed Land Value: $202,500
  • Assessed Improvements Value: $2,333,020

    Sales

  • Current Sale Contract Date: May 20, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Transaction ID: 11835930486
  • Current Sale Price: $12,581,200
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 117290297
  • Previous Sale Recording Date: Jun 09, 1999
  • Previous Sale Amount: $715,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EMR SBC 2020 I LLC
  • First Mortgage Transaction Date: May 21, 2021
  • First Mortgage Loan Amount: $900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: LASALLE NATIONAL BANK
  • Previous Mortgage Transaction Date: Jun 09, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $475,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About East Fort Lauderdale



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 901 Northeast 16th Avenue located in?
The 901 Northeast 16th Avenue is a located in the neighborhood of Victoria Park in East Fort Lauderdale, Fort Lauderdale.
What is the average sales price for listings in 901 Northeast 16th Avenue?
The average sales price for units in 901 Northeast 16th Avenue is $0 currently.

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