6 months on rocket

Backup Offers

1117 NE 16th Ter, Fort Lauderdale, FL, 33304

$799,999

Home List Price

$9,500*

Closing Credit

0 Baths
1,456 SqFt
$549/SqFt
Multi
Schools Nearby

Location

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1117 NE 16th Ter, Fort Lauderdale$799,999

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1951
HeatingElectric
CoolingCentral Air, Ceiling Fan(s)
MLS #A11475118
StatusAccepting Backup Offers
(Active Under Contract)

About 1117 NE 16th Ter

PERFECT INCOME PROPERTY / CASH COW!! The home has two separate meters, A/C's, water tanks, and two separate entrances. NEW MODERN POOL and common space for grilling & entertaining! The new landlord can continue renting as a single-family home certified as an Airbnb vacation property or for a fair price, the Seller will re-install the wall separating the 2 spaces back to a large 2/1 & 1/1 with pavers to the rear entrance. The kitchen is completely updated with white shaker cabinets and SS appliances. Home has mostly impact windows & doors. Both areas have large bedrooms maxing out rental income potential. BEST location! est. 5 mins Uber to the ocean and downtown or walk to restaurants. Prime Street with new construction. Sold furnished. Move-in ready w/pre-bookings for future income.

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Stories: 1
  • Living Area: 1,456 SqFt

Listing Office:

  • Office Name: One Sotheby's Int'l Realty
  • Office Phone: (954) 522-2831
  • Listing Agent: Jason Granieri

Interior Features

Interior Information:

  • Flooring Type: Tile, Vinyl

Exterior Features

Exterior Information:

  • Exterior: Fence, Patio

Virtual/3D Tour

  • Virtual Tour: 1117 NE 16th Ter

Virtual Tour

Lot Features

Lot Information:

  • Lot: Sprinklers

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Fort Lauderdale High School, Public Magnet Grades 9-12
  • Sunrise Middle School, Public Magnet Grades 6-8
  • Bennett Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,999
  • Price Per SqFt: $549/SqFt

Tax Information:

  • Annual Amount: $8,170
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Fort Lauderdale, FL.

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Fort Lauderdale, FL

City

Med. Sold Price

$475K

Med. Price/SqFt

$366

Avg. Days On Market

66

# of Sold Homes

137

1117 NE 16th Ter vs Fort Lauderdale

184 DAYS ON ROCKET

+118 Days

$799,999

+$324.9K More

$549/SqFt

+$183 More

KEY TAKEAWAY

This property is $324.9K more than the Median Sold Price and $183/SqFt more than other homes in Fort Lauderdale, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11475118

Listing Office:

  • Office Name: One Sotheby's Int'l Realty
  • Office Phone: (954) 522-2831
  • Listing Agent: Jason Granieri

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 11:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,170$395,100
2019$6,800$379,240
2018$6,315$345,510
2017$6,315$314,100

History based on county public records data.

Payment Calculator

$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2734614
5
/10

  • Bennett Elementary School

  • 1755 NE 14th St

  • 0.45 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2734615
4
/10

  • Sunrise Middle School

  • 1750 NE 14th St

  • 0.38 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2734616
6
/10

  • Fort Lauderdale High School

  • 1600 NE 4th Ave

  • 1.01 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,626. The most common annual income of people living in Fort Lauderdale, FL is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Fort Lauderdale›33304›1117 NE 16th Ter

This home is located at 1117 NE 16th Ter in Fort Lauderdale, FL and zip code 33304 in the Lake Ridge neighborhood. This 1,456 square foot home was built in 1951. It has been listed on Rocket Homes since October 27, 2023 and is currently priced at $799,999.

Over 15 listings were sold over their listed price in March 2024 in Fort Lauderdale, FL. In the same period over 104 listings were sold below the listed price and 18 listings were sold for the listed price. The number of homes for sale in Fort Lauderdale, FL increased by 10% between February 2024 and March 2024. In March 2024, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $475,006.

From Rocket Homes Real Estate and based on county public records data.

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