Investment Potential for 241 NE 16th Pl Apt 203

The property has a current estimated value of $592,744, which is 14% above the neighborhood median, based on public records. It last sold on December 21, 2022 for $450K. Projected long-term

is $29,400 annually ($2,450 per month) with a 78% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$450,000

Sold December 21, 2022

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.

$593K

($571K - $615K)

14% above neighborhood median

5-Year Forecast
5-year appreciation
This is an estimate of the appreciated property value by year over the next 5 years, based on proprietary algorithms and historical market data. Actual appreciation of a property can differ materially for a variety of reasons. Learn More.

$******

View Forecast

Discover more Single Family Homes in South Middle River.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$29,400 per year($2,450 per month)

$*****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

****%View Cap Rate

Occupancy Rate

78%in 33305 zip code

View Rental Potential

Owners & Occupancy for 241 NE 16th Pl Apt 203

This property is owned by Luis O Valle. Owner contact information includes 5 phone numbers and 3 email addresses.

Occupancy

*****

View Occupancy

Appreciation Since Purchased

$142,744

Purchased December 21, 2022

Number of Owners

1

Property Owners

Property Ownership Information

Purchase Date	December 21, 2022
Property Tax Amount	$7,780 in 2023
Purchase Price	$450,000

Occupancy

Current Occupancy	*****View Occupancy
Resident 1	************ age 71

Property Details for 241 NE 16th Pl Apt 203

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

Property Age

37 years

(Remodeled 1989)

36 years newer than neighborhood median

Property Details

Property Sq Ft

Living Area

1,368 sq ft

0% above market

Lot Size

2,320 sq ft

66% below market

Price Per Sq Ft

Living Area

$433 / sq ft

13% above market

Lot Size Area

$255 / sq ft

230% above market

Property Information

Property condition, age, exterior, etc. for 241 NE 16t…

Land & Location Information

Longitude: -80.143369 Latitude: 26.149283 Parcel Number (APN): 49-42-34-45-0023…

Mortgage & Equity Information

Mortgage originated on through lender: Fairway Independent Mtg Corp for$******View Mortgage Details

Recommended Properties in South Middle River

Discover more single family homes near 241 NE 16th Pl Apt 203 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.

Good value per sqft
$598K - $679K
Est. Value
1234 NE 2nd Ave, Fort Lauderdale, FL 33304
3,276 sq ft · Last Sold: $685,000 in 2023 · Built: 1953
Owned for 5 - 10 Years
$468K - $494K
Est. Value
1408 N Andrews Ave, Fort Lauderdale, FL 33311
2 beds · 1 baths · 1,090 sq ft · Last Sold: $194,000 in 2017 · Built: 1949
Owned for 5 - 10 Years
$323K - $357K
Est. Value
1301 NE 3rd Ave, Fort Lauderdale, FL 33304
6 beds · 4 baths · 2,340 sq ft · Last Sold: $290,000 in 2017 · Built: 1984
Owned for 25 - 50 Years
$417K - $461K
Est. Value
1415 NW 8th Ave, Fort Lauderdale, FL 33311
6 beds · 4 baths · 2,498 sq ft · Last Sold: $59,200 in 1991 · Built: 1968
Owned for Less Than 5 Years
$421K - $457K
Est. Value
1415 NW 4th Ave, Fort Lauderdale, FL 33311
2 beds · 2 baths · 1,348 sq ft · Last Sold: $415,000 in 2021 · Built: 1931
Owned for 15 - 25 Years
$417K - $461K
Est. Value
1320 NW 4th Ave, Fort Lauderdale, FL 33311
2,189 sq ft · Last Sold: $125,000 in 2003 · Built: 1972
Owner Age 45 - 55
$533K - $577K
Est. Value
1408 NW 3rd Ave, Fort Lauderdale, FL 33311
3 beds · 2 baths · 1,192 sq ft · Last Sold: $550,000 in 2023 · Built: 1950
Owned for 15 - 25 Years
$306K - $334K
Est. Value
1321 NE 5th Ave, Fort Lauderdale, FL 33304
2 beds · 1 baths · 806 sq ft · Last Sold: $154,900 in 2004 · Built: 1953
Owned for Less Than 5 Years
$401K - $439K
Est. Value
1412 NW 6th Ave, Fort Lauderdale, FL 33311
2 beds · 1 baths · 825 sq ft · Last Sold: $205,000 in 2021 · Built: 1950
Owned for 5 - 10 Years
$275K - $294K
Est. Value
1775 N Andrews Sq Apt 305W, Fort Lauderdale, FL 33311
2 beds · 2 baths · 975 sq ft · Last Sold: $100,000 in 2017 · Built: 1972
High Demand Long-Term Rental
$312K - $346K
Est. Value
1337 NE 1st Ave, Fort Lauderdale, FL 33304
2 beds · 1 baths · 825 sq ft · Built: 1949
Large Lot Advantage
$313K - $346K
Est. Value
1309 NE 1st Ave, Fort Lauderdale, FL 33304
2 beds · 1 baths · 825 sq ft · Last Sold: $220,000 in 2016 · Built: 1949
High Demand Long-Term Rental
$471K - $505K
Est. Value
1340 N Andrews Ave, Fort Lauderdale, FL 33311
2 beds · 1 baths · 1,076 sq ft · Last Sold: $22,400 in 1996 · Built: 1949
Good value per sqft
$584K - $638K
Est. Value
1120 NE 1st Ave, Fort Lauderdale, FL 33304
3 beds · 2 baths · 2,118 sq ft · Last Sold: $402,500 in 2020 · Built: 2007
Owned for 15 - 25 Years
$230K - $245K
Est. Value
1800 N Andrews Ave Ph J, Fort Lauderdale, FL 33311
1 beds · 1 baths · 850 sq ft · Last Sold: $110,000 in 2002 · Built: 1975
Owned for 10 - 15 Years
$420K - $461K
Est. Value
1124 NW 7th Ter, Fort Lauderdale, FL 33311
2 beds · 1,034 sq ft · Last Sold: $43,000 in 2011 · Built: 1951
Owned for 5 - 10 Years
$515K - $596K
Est. Value
1600 NW 3rd Ave, Fort Lauderdale, FL 33311
3 beds · 2 baths · 1,172 sq ft · Last Sold: $280,000 in 2018 · Built: 1950
Owned for Less Than 5 Years
$438K - $478K
Est. Value
1725 NW 6th Ave, Fort Lauderdale, FL 33311
2 beds · 1 baths · 962 sq ft · Last Sold: $265,000 in 2020 · Built: 1953
Owned for 5 - 10 Years
$565K - $617K
Est. Value
111 NW 11th St, Fort Lauderdale, FL 33311
3 beds · 2 baths · 2,062 sq ft · Last Sold: $343,500 in 2018 · Built: 2007
Owned for Less Than 5 Years
$427K - $457K
Est. Value
1721 NW 8th Ave, Fort Lauderdale, FL 33311
3 beds · 1 baths · 925 sq ft · Last Sold: $445,000 in 2024 · Built: 1953

Market Benchmarks

Compare data for 241 NE 16th Pl Apt 203 in Broward County to the median in the neighborhood area and surrounding markets, where available.

View neighborhood benchmarks

Property

Neighborhood

Difference

State

Difference

$592,744

$521,298

$71,446 (14%)

$349,875

$242,869 (69%)

$******

$********

$***** (****%)

$447,083

$372,216 (83%)

YoY Price Change

****%

1.8%

-350%

Year Built

1988

1952

36 years

1990

-2 years

Living Space

1,368 sq ft

1,372 sq ft

-4 (0%)

1,630 sq ft

-262 (-16%)

$ Per Living Sq Ft

$433

$383

$50 (13%)

$213

$221 (104%)

Lot Size

2,320 sq ft

6,752 sq ft

-4432 (-66%)

9,599 sq ft

-7279 (-76%)

$ Per Lot Sq Ft

$255

$78

$178 (230%)

$38

$218 (580%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$***** (****%)

$19,792

-$6,397 (-32%)

Annual Revenue

$29,400

$27,600

$1,800 (7%)

$29,400

$0 (0%)

$*****

$*******

$**** (****%)

$9,768

$6,237 (64%)

Net Operating Income

$*****

$***** (****%)

$19,792

-$6,397 (-32%)

Cap Rate

****%

—

5.75%

—

View Neighborhood Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

Residence	*******************
Landline	(747) 222-7696
Distance from Property	**********
Email Address	*********@gaf.comView Email

Property Condition	*******View Condition
Property Type	Single Family Home
Total Bedrooms	3
Total Bathrooms	2
Year Built	1988
Building Sq Ft	1,368 sq ft
Lot Size	0 Acres
Living Space	1,368 sq ft
Roof Covering	Shingle

Loan Amount	$******
Lender	Fairway Independent Mtg Corp
Origination Date	December 21, 2022
Interest Rate	****%
Term	30 Years
Rate Type	Adjustable
Est Balance	$********
Due Date	****************
Equity	View Equity

APN	49-42-34-45-0023
Census Tract	0408021002
Municipality	Fort Lauderdale
County	Broward
Subdivision	Placido Place Resub 34-36 B
Zoning	RM15
Neighborhood	South Middle River
Longitude / Latitude	-80.143369 / 26.149283
Lot Size	2,320 sq ft

241 NE 16th Pl Apt 203 Fort Lauderdale, FL 33305

property value

$592,744

neighborhood valuation

$521,298

market valuation

$1,399,910

investment intelligence

Investment Potential for 241 NE 16th Pl Apt 203

rental income

property appreciation

Last Sale Amount

$450,000

property value

$593K

($571K - $615K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 241 NE 16th Pl Apt 203

Occupancy

Appreciation Since Purchased

$142,744

Number of Owners

1

Property Owners

Luis O Valle, age **

Property Ownership Information

Occupancy

Property Details for 241 NE 16th Pl Apt 203

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

37 years

(Remodeled 1989)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Mortgage & Equity Information

Recommended Properties in South Middle River

$598K - $679K

Est. Value

1234 NE 2nd Ave, Fort Lauderdale, FL 33304

3,276 sq ft · Last Sold: $685,000 in 2023 · Built: 1953

$468K - $494K

Est. Value

1408 N Andrews Ave, Fort Lauderdale, FL 33311

2 beds · 1 baths · 1,090 sq ft · Last Sold: $194,000 in 2017 · Built: 1949

$323K - $357K

Est. Value

1301 NE 3rd Ave, Fort Lauderdale, FL 33304

6 beds · 4 baths · 2,340 sq ft · Last Sold: $290,000 in 2017 · Built: 1984

$417K - $461K

Est. Value

1415 NW 8th Ave, Fort Lauderdale, FL 33311

6 beds · 4 baths · 2,498 sq ft · Last Sold: $59,200 in 1991 · Built: 1968

$421K - $457K

Est. Value

1415 NW 4th Ave, Fort Lauderdale, FL 33311

2 beds · 2 baths · 1,348 sq ft · Last Sold: $415,000 in 2021 · Built: 1931

$417K - $461K

Est. Value

1320 NW 4th Ave, Fort Lauderdale, FL 33311

2,189 sq ft · Last Sold: $125,000 in 2003 · Built: 1972

$533K - $577K

Est. Value

1408 NW 3rd Ave, Fort Lauderdale, FL 33311

3 beds · 2 baths · 1,192 sq ft · Last Sold: $550,000 in 2023 · Built: 1950

$306K - $334K

Est. Value

1321 NE 5th Ave, Fort Lauderdale, FL 33304

2 beds · 1 baths · 806 sq ft · Last Sold: $154,900 in 2004 · Built: 1953

$401K - $439K