2440 NW 89th Dr # 2440 Coral Springs, FL 33065

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2 beds · 2 baths · 850 sq ft · Lot Size: 45,291 sq ft · Residential Condominium · Forest Hills
Est. Property Value: $296,915

High Demand Long-Term RentalOwned for 25 - 50 YearsOwner Age 55 - 65

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2440 NW 89th Dr # 2440 is in the Forest Hills neighborhood of Coral Springs, FL. It is located in Broward County and ZIP code 33065. This Residential Condominium was built in 1986 and is approximately 39 years old. The residential condominium spans 850 sq ft with 2 bedrooms and 2 bathrooms and sits on a 45291 sq ft lot. According to public records, it was last sold in 1998 for $49,000 and has a tax-assessed value of $198,000, which is $349 per sq ft. The Forest Hills area of Coral Springs has 970 residential homes with an average size of 1068 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2440 NW 89th Dr # 2440 Coral Springs, FL 33065 with Property Intel by Whitepages.

Owners & Occupancy for 2440 NW 89th Dr # 2440

This property is owned by Michele C Casamassima. Owner contact information includes 3 phone numbers and 4 email addresses.

Property Owners

OccupationOwner, Apex Printing & Graphics
Cell Phone(954) ***-****View Cell Phone
Residence*****************
Landline(954) 341-1822
Distance from Property**********
Email Address************@bellsouth.netView Email
View All Owner Info

Occupancy

Current Occupancy******View Occupancy

Property Financials for 2440 NW 89th Dr # 2440

2440 NW 89th Dr # 2440, Coral Springs, FL has a mortgage from Young & Assoc Mtg Inc (orig. February 24, 2011). The Broward county assessment for 2023 values it at $198,000, with annual taxes of $899.

Mortgage & Equity Information

Loan Amount$*****
LenderYoung & Assoc Mtg Inc
Origination DateFebruary 24, 2011
Interest Rate****%
Term5 Years
Rate TypeFixed
Est Balance$*
Due Date*****************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateAugust 14, 1998
Property Tax Amount$899 in 2023
Purchase Price$49,000
Assessed Value$198,000 on 2023

Investment Potential for 2440 NW 89th Dr # 2440

The property has a current estimated value of $296,915, which is 3% above the neighborhood median, based on public records. It last sold on August 14, 1998 for $49K. Projected long-term
is $28,200 annually ($2,350 per month) with a 91% occupancy rate.

Discover more Residential Condominiums in Forest Hills.
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Long-Term

Gross Rental
$28,200 per year($2,350 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
91%in 33065 zip code
 
View Rental Potential

Property Details for 2440 NW 89th Dr # 2440

Property Details

Property Sq Ft

Living Area

850 sq ft

20% below market

Lot Size

45,291 sq ft

54% below market

Price Per Sq Ft

Living Area

$349 / sq ft

21% above market

Lot Size Area

$7 / sq ft

118% above market

Property condition, age, exterior, etc. for 2440 NW 89…
Longitude: -80.244837 Latitude: 26.260371 Parcel Number (APN): 48-41-22-GG-0080…

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    3 beds · 2 baths · 1,500 sq ft · Last Sold: $125,000 in 2003 · Built: 1980

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    8409 Forest Hills Dr Apt 106, Coral Springs, FL 33065

    2 beds · 2 baths · 1,068 sq ft · Last Sold: $138,000 in 2019 · Built: 1979

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    8437 Forest Hills Dr Apt 203, Coral Springs, FL 33065

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    Est. Value

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Market Benchmarks

Compare data for 2440 NW 89th Dr # 2440 in Broward County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$296,915
$243,826
$53,090 (22%)
$******
$318,130
-$1,089 (0%)
YoY Price Change
****%
3.41%
-191%
Year Built
1986
1983
3 years
Living Space
850 sq ft
1,120 sq ft
-270 (-24%)
$ Per Living Sq Ft
$349
$222
$127 (57%)
Lot Size
45,291 sq ft
36,744 sq ft
8547 (23%)
$ Per Lot Sq Ft
$7
$9
-$2 (-27%)

Net Operating Income
$*****
$19,671
$1,691 (9%)
Annual Revenue
$28,200
$28,200
$0 (0%)
$****
$8,584
-$1,746 (-20%)
Net Operating Income
$*****
$19,671
$1,691 (9%)
Cap Rate
****%
8.29%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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