3031 N Ocean Blvd Apt 803 Fort Lauderdale, FL 33308

2 beds · 2 baths · 1,031 sq ft · Lot Size: 84,484 sq ft · Residential Condominium · Lauderdale Beach
Est. Property Value: $418,161

High Demand Long-Term RentalValued below Market MedianGood value per sqftOwned for 5 - 10 Years

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3031 N Ocean Blvd Apt 803 is in the Lauderdale Beach neighborhood of Fort Lauderdale, FL. It is located in Broward County and ZIP code 33308. This Residential Condominium was built in 1975 and is approximately 50 years old. The residential condominium spans 1031 sq ft with 2 bedrooms and 2 bathrooms and sits on a 84484 sq ft lot. According to public records, it was last sold in 2018 for $220,000 and has a tax-assessed value of $328,860, which is $406 per sq ft. The Lauderdale Beach area of Fort Lauderdale has 1142 residential homes with an average size of 1200 sq ft. Analyze and compare real estate investment strategies for properties like this home at 3031 N Ocean Blvd Apt 803 Fort Lauderdale, FL 33308 with Property Intel by Whitepages.

3031 N Ocean Blvd Apt 803

Fort Lauderdale, FL 33308

Neighborhood

Owners & Occupancy for 3031 N Ocean Blvd Apt 803

No contact information is available.

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 84
Resident 2****************

Property Financials for 3031 N Ocean Blvd Apt 803

3031 N Ocean Blvd Apt 803, Fort Lauderdale, FL has a mortgage (orig. June 20, 2018). The Broward county assessment for 2023 values it at $328,860, with annual taxes of $2,028.

Mortgage & Equity Information

Loan Amount$******
Origination DateJune 20, 2018
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateMay 02, 2018
Property Tax Amount$2,028 in 2023
Purchase Price$220,000
Assessed Value$328,860 on 2023

Investment Potential for 3031 N Ocean Blvd Apt 803

The property has a current estimated value of $418,161, which is 31% below the neighborhood median, based on public records. It last sold on May 02, 2018 for $220K. Projected long-term
is $27,600 annually ($2,300 per month) with a 66% occupancy rate.

Discover more Residential Condominiums in Lauderdale Beach.
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Long-Term

Gross Rental
$27,600 per year($2,300 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
66%in 33308 zip code
 
View Rental Potential

Property Details for 3031 N Ocean Blvd Apt 803

Property Details

Property Sq Ft

Living Area

1,031 sq ft

14% below market

Lot Size

84,484 sq ft

16% below market

Price Per Sq Ft

Living Area

$406 / sq ft

23% below market

Lot Size Area

$5 / sq ft

28% below market

Property condition, age, exterior, etc. for 3031 N Oce…
Longitude: -80.101431 Latitude: 26.166703 Parcel Number (APN): 49-43-30-BG-0510…

Recommended Properties in Lauderdale Beach

Discover more residential condominiums near 3031 N Ocean Blvd Apt 803 in Fort Lauderdale, Florida. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

  • $385K - $408K

    Est. Value

    3015 N Ocean Blvd Apt 19G, Fort Lauderdale, FL 33308

    2 beds · 2 baths · 1,198 sq ft · Last Sold: $410,000 in 2021 · Built: 1974

  • $403K - $436K

    Est. Value

    2701 N Ocean Blvd Apt 16B, Fort Lauderdale, FL 33308

    2 beds · 2 baths · 1,200 sq ft · Last Sold: $439,000 in 2005 · Built: 1972

  • $1.03M - $1.1M

    Est. Value

    1901 N Ocean Blvd Apt 9D, Fort Lauderdale, FL 33305

    2 beds · 2 baths · 1,500 sq ft · Last Sold: $487,500 in 2019 · Built: 1976

  • $910K - $997K

    Est. Value

    2831 N Ocean Blvd Apt 508N, Fort Lauderdale, FL 33308

    3 beds · 2 baths · 1,500 sq ft · Last Sold: $532,500 in 2009 · Built: 2009

  • $400K - $433K

    Est. Value

    3031 N Ocean Blvd 702, Fort Lauderdale, FL 33308

    2 beds · 2 baths · 1,031 sq ft · Last Sold: $205,000 in 2018 · Built: 1975

  • $458K - $506K

    Est. Value

    2000 N Ocean Blvd # 726, Fort Lauderdale, FL 33305

    1 beds · 1 baths · 698 sq ft · Last Sold: $285,500 in 2012 · Built: 2004

  • $385K - $408K

    Est. Value

    3015 N Ocean Blvd Apt 15G, Fort Lauderdale, FL 33308

    2 beds · 2 baths · 1,198 sq ft · Last Sold: $105,000 in 1994 · Built: 1974

  • $262K - $290K

    Est. Value

    2000 N Ocean Blvd # 929, Fort Lauderdale, FL 33305

    1 beds · 1 baths · 416 sq ft · Last Sold: $2,500,000 in 2014 · Built: 2004

  • $581K - $634K

    Est. Value

    2841 N Ocean Blvd Apt 303, Fort Lauderdale, FL 33308

    2 beds · 2 baths · 1,100 sq ft · Last Sold: $235,000 in 2019 · Built: 1976

  • $710K - $774K

    Est. Value

    2011 N Ocean Blvd Apt 302, Fort Lauderdale, FL 33305

    2 beds · 2 baths · 1,267 sq ft · Last Sold: $425,000 in 2020 · Built: 2005

  • $440K - $486K

    Est. Value

    2000 N Ocean Blvd # 208, Fort Lauderdale, FL 33305

    1 beds · 1 baths · 698 sq ft · Last Sold: $22,411,900 in 2008 · Built: 2004

  • $1.03M - $1.1M

    Est. Value

    1905 N Ocean Blvd Apt 15E, Fort Lauderdale, FL 33305

    2 beds · 2 baths · 1,500 sq ft · Last Sold: $775,000 in 2022 · Built: 1976

  • $440K - $486K

    Est. Value

    2000 N Ocean Blvd # 220, Fort Lauderdale, FL 33305

    1 beds · 1 baths · 698 sq ft · Last Sold: $22,411,900 in 2008 · Built: 2004

  • $1.91M - $2.07M

    Est. Value

    2100 N Ocean Blvd Apt 14D, Fort Lauderdale, FL 33305

    3 beds · 2 baths · 1,978 sq ft · Last Sold: $419,500 in 1999 · Built: 1999

  • $277K - $306K

    Est. Value

    2000 N Ocean Blvd # 402, Fort Lauderdale, FL 33305

    1 beds · 1 baths · 447 sq ft · Last Sold: $2,500,000 in 2014 · Built: 2004

  • $1.03M - $1.09M

    Est. Value

    1901 N Ocean Blvd Apt 3B, Fort Lauderdale, FL 33305

    2 beds · 2 baths · 1,500 sq ft · Last Sold: $280,000 in 2024 · Built: 1976

  • $403K - $440K

    Est. Value

    2701 N Ocean Blvd Apt 18E, Fort Lauderdale, FL 33308

    2 beds · 2 baths · 1,200 sq ft · Last Sold: $385,000 in 2014 · Built: 1972

  • $2.03M - $2.19M

    Est. Value

    2100 N Ocean Blvd Apt 11E, Ft Lauderdale, FL 33305

    3 beds · 2 baths · 2,341 sq ft · Last Sold: $1,075,000 in 2012 · Built: 1999

  • $401K - $433K

    Est. Value

    3031 N Ocean Blvd Apt 607, Fort Lauderdale, FL 33308

    2 beds · 2 baths · 1,031 sq ft · Last Sold: $185,000 in 2009 · Built: 1975

  • $734K - $803K

    Est. Value

    2001 N Ocean Blvd Apt 1204, Fort Lauderdale, FL 33305

    2 beds · 2 baths · 1,397 sq ft · Last Sold: $749,000 in 2022 · Built: 2005

Market Benchmarks

Compare data for 3031 N Ocean Blvd Apt 803 in Broward County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$418,161
$243,826
$174,335 (71%)
$******
$318,130
$177,843 (56%)
YoY Price Change
****%
3.41%
-610%
Year Built
1975
1983
-8 years
Living Space
1,031 sq ft
1,120 sq ft
-89 (-8%)
$ Per Living Sq Ft
$406
$222
$184 (83%)
Lot Size
84,484 sq ft
36,744 sq ft
47740 (130%)
$ Per Lot Sq Ft
$5
$9
-$4 (-45%)

Net Operating Income
$*****
$19,671
-$827 (-4%)
Annual Revenue
$27,600
$28,200
-$600 (-2%)
$****
$8,584
$172 (2%)
Net Operating Income
$*****
$19,671
-$827 (-4%)
Cap Rate
****%
8.29%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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