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3050 NE 16th Ave Unit 204

Oakland Park, FL 33334

2 beds
2 baths
1,133 sqft
$225 per sqft
1972 build
– on site

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CASH BUYER'S ONLY - Unique opportunity for flippers, investors or someone looking for a second home in Fort Lauderdale. Currently the building is undergoing the 50 yrs certification. Seller paid All special assessments in full, including an additional amount for contingencies. The unit is currently rented until 04/30/25 for $1,800.00 a month, which will easily cover the first year of the two-year waiting period for rent. The last remodeled unit sold was $400,000 giving ample ARV value for remodeling. Once the building's upgrades are done prices will increase substantially. BOATERS - if you own a small boat, you can use the community dock. Please check the fixed bridges for clearance, as only small boats may go through. You can also do paddling or kayaking from the community's dock.

Listing courtesy of GFLR / LoKation

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# F10425725 —

The Building

Year Built:

1972
Year Built Description:

Resale
Construction Type:

Concrete Block Construction
Style:

Condo 5+ Stories
Security Information:

Complex Fenced, Elevator Secure
Balcony Porch and/or Patio:

Yes
Exterior Features:

Fence, Screened Balcony
Total # of Units in Building:

49
Unit Number:

204
Total Floors In Building:

7
Unit Design:

Exterior Cat Walk, High Rise
Unit Floor Location:

2
Storm Protection Impact Glass:

Complete

Interior

Interior Features:

First Floor Entry, Elevator
Main Living Area:

Entry Level
Floor Description:

Carpeted Floors, Other Floors, Tile Floors
Furnished Info List:

Furniture Negotiable

Room Dimensions

SqFt Living Room Area:

1,133 Sqft

Financial & Terms

Terms Considered:

Cash, Owner Financing

Location

Directions:

Please use your GPS. Entrance is the left gate of the complex, gate #1, north side. Gate could be open, otherwise wait until a car leaves or enters the community. Drive to the end and turn right. Go to next building, park in guest spots..

The Property

Type of Property:

Condo
Property Type:

Condo/Co-Op/Villa/Townhouse
Parcel Number:

494226AC0110
Geographic Area:

Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Property Detached:

No
Waterfront Property:

Yes
Waterfront Description:

River Front

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Amount:

$4,976
Tax Information:

Tax Reflects No Exemptions

Beds

Total Bedrooms:

2
Bedroom Description:

Other
Main Level Bedrooms:

2

Baths

Full Baths:

2
Main Level Baths:

2

The Listing

Auction:

No

Heating & Cooling

Cooling Description:

Central Cooling, Electric Cooling
Heating Description:

Central Heat, Electric Heat

Utilities

Internet:

Yes

Appliances

Equipment Appliances:

Dishwasher, Disposal, Elevator, Microwave, Refrigerator, Smoke Detector

Schools

Elementary School:

Wilton Manors
Middle School:

Sunrise
Senior High School:

Fort Lauderdale

The Community

Subdivision Name:

RIVER TERRACE CONDO
Subdivision Complex Bldg:

RIVER TERRACE CONDO
Gated Community:

Yes
Complex Name:

RIVER TERRACE CONDO
Unit View:

River
Amenities:

Boat Dock, Clubhouse-Clubroom, Common Laundry, Other Amenities
Water Access:

Other, Private Dock
Pets Allowed:

No
Restrictions:

No Lease First 2 Years, No Trucks/Rv'S, Other Restrictions
Maintenance Includes:

Common Area, Elevator, Insurance, Laundry Facilities, Pool Service, Sewer, Trash Removal, Water
Maintenance Charge Month:

$763
Type of Association:

Condo
Association Fee:

$2,290
Association Fee Paid:

Quarterly
Type of Governing Bodies:

Condominium

Parking

Parking Description:

1 Space

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Utility Costs

$118/mo.

Estimate provided by ClearlyEnergy

View a full report

Sale history

Date	Event	Source	Price	% Change
7/26/24 Jul 26, 2024	Sold	GFLR	$255,000	-1.9%
6/29/24 Jun 29, 2024	Pending	GFLR	$259,900
6/23/24 Jun 23, 2024	Price Changed	GFLR	$259,900	-9.9%

Condo Sold on 7/26/2024

$255,000

Listing provided by broker:

Juan Cabrera

LoKation

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Listing Courtesy of: GFLR and LoKation.

Based on information from the GFLR 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. GFLR, Estately and their affiliates provide the MLS and 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GFLR and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

3050 NE 16th Ave Unit 204

Oakland Park, FL 33334