Neighborhood
987 NW 87th Ave, Coral Springs, FL 33071
3 beds · 2 baths · 1,419 sq ft · Lot: 7,203 sq ft · Single Family Home · Last Sold: $515K in 2023 · Built: 1978
Est. Value:
$465K
Est. Rent:
$2.4K/month

987 NW 87th Ave Coral Springs, FL 33071

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3 beds · 2 baths · 1,419 sq ft · Lot Size: 7,203 sq ft · Single Family Home · Ramblewood South
Est. Property Value: $465,268

Owned for Less Than 5 YearsOwner Age 35 - 45

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987 NW 87th Ave is in the Ramblewood South neighborhood of Coral Springs, FL. It is located in Broward County and ZIP code 33071. This Single Family Home was built in 1978 and is approximately 47 years old. The single family home spans 1419 sq ft with 3 bedrooms and 2 bathrooms and sits on a 7203 sq ft lot. According to public records, it was last sold in 2023 for $515,000 and has a tax-assessed value of $433,120, which is $328 per sq ft. The Ramblewood South area of Coral Springs has 335 residential homes with an average size of 1798 sq ft. Analyze and compare real estate investment strategies for properties like this home at 987 NW 87th Ave Coral Springs, FL 33071 with Property Intel by Whitepages.

Investment Potential for 987 NW 87th Ave

The property has a current estimated value of $465,268, which is 14% below the neighborhood median, based on public records. It last sold on April 14, 2023 for $515K. Projected long-term
is $28,800 annually ($2,400 per month) with a 95% occupancy rate.

Discover more Single Family Homes in Ramblewood South.
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Long-Term

Gross Rental
$28,800 per year($2,400 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 33071 zip code
 
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Owners & Occupancy for 987 NW 87th Ave

This property is owned by Romina Alejandra Loncopan. Owner contact information includes 2 phone numbers and 1 email address.

Property Owners

Cell Phone(786) ***-****View Cell Phone
Residence*****************
Landline(305) 819-1602
Distance from Property**********
Email Address**********@yahoo.comView Email
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Property Ownership Information

Purchase DateApril 14, 2023
Property Tax Amount$7,954 in 2023
Purchase Price$515,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 88
Resident 2************************* age 35

Property Details for 987 NW 87th Ave

Property Details

Property Sq Ft

Living Area

1,419 sq ft

21% below market

Lot Size

7,203 sq ft

27% below market

Price Per Sq Ft

Living Area

$328 / sq ft

9% above market

Lot Size Area

$65 / sq ft

12% above market

Property condition, age, exterior, etc. for 987 NW 87t…
Longitude: -80.241094 Latitude: 26.242464 Parcel Number (APN): 48-41-27-03-3080…
Mortgage originated on through lender: Rocket Mtg Llc for$******View Mortgage Details
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Market Benchmarks

Compare data for 987 NW 87th Ave in Broward County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$465,268
$352,849
$112,419 (32%)
$******
$469,783
$127,872 (27%)
YoY Price Change
****%
1.8%
328%
Year Built
1978
1990
-12 years
Living Space
1,419 sq ft
1,630 sq ft
-211 (-13%)
$ Per Living Sq Ft
$328
$217
$111 (51%)
Lot Size
7,203 sq ft
9,599 sq ft
-2396 (-25%)
$ Per Lot Sq Ft
$65
$40
$24 (60%)

Net Operating Income
$*****
$19,987
-$6,370 (-32%)
Annual Revenue
$28,800
$29,400
-$600 (-2%)
$*****
$9,588
$5,595 (58%)
Net Operating Income
$*****
$19,987
-$6,370 (-32%)
Cap Rate
****%
5.67%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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