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Lauderdale Lakes, FL 33311 listing image 1

For Sale

$141,900

Lauderdale Lakes, FL 33311

2Beds
2Baths
1010SqFt

2Beds
2Baths
1010SqFt

Property Type
Condo
Year Built
1981
HOA Fees
$661/mo
Price per Sqft
$140
On highrises
2 Days

Property Details

Prime income-producing property in South Florida! This 2-bed, 2-bath unit at 2830 Somerset Dr. #N402 is rented month-to-month at $1, 690, ensuring immediate cash flow for investors. Unlike other units, Building N has NO age or rental restrictions, a rare find at this price. Located near Fort Lauderdale beaches, shopping, dining, and highways, this unit sits in a high-demand rental area. Quick association approval streamlines the process. While the unit needs some TLC, its sold as-is with value-add potential. New A/C & water heater (less than 2 yrs old). Showings limited to avoid tenant disruptionserious inquiries only, advance notice required.

Property Features

Bedrooms

Bedrooms: 2

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Interior Features

BedroomOnMainLevel
Elevator
Flooring: Tile

Heating and Cooling

Cooling Features: CentralAir
Heating Features: Central
Heating: Yes

Garage and Parking

Carport Spaces: 11
Covered Spaces: 11
Parking Features: TwoOrMoreSpaces

Home Features

View: Pool
Security Features: DoorMan, KeyCardEntry

Homeowners Association

Association: Yes
Association Fee: 661
Association Fee Frequency: Monthly
Association Fee Includes: CommonAreas, Sewer, Security, Trash, Water
Calculated Total Monthly Association Fees: 661
Pets Allowed: No

Other Property Info

Annual Tax Amount: 2718
Source Listing Status: Active
County: Broward
Tax Year: 2024
Source Property Type: Residential
Property Subtype: condo
MLS Area Minor: Ft Lauderdale Beach (3130-3170)
Source Neighborhood: SOMERSET LAKES CONDO
Parcel Number: 494230BC0570
Postal City: Lauderdale Lakes
Postal Code Plus 4: 9374
Subdivision: SOMERSET LAKES CONDO
Property Subtype: Condominium
Source System Name: C2C

Building and Construction

Total Square Feet Living: 1010
Year Built: 1981
Building Area Total: 1010
Construction Materials: Block
Entry Level: 4
Entry Location: 4
Property Age: 44
Property Attached: Yes
Building Total Stories: 4

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
02/20/2025	Listed	$141,900	$140	MiamiMLS
07/10/2023	Sold	$120,000	$119	Public Record
07/26/2001	Sold	$32,000	$32	Public Record
06/01/1981	Sold	$48,500	$48	Public Record

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2023	$1,852	-	+	-	=	$53,300
2022	$1,611	-	+	-	=	$48,460
2021	$1,460	-	+	-	=	$44,060
2020	$1,370	-	+	-	=	$40,060
2019	$1,335	-	+	-	=	$36,420
2018	$1,164	-	+	-	=	$33,110
2017	$1,067	$3,430	+	$30,910	=	$34,340

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
3588 NW 13th St	$320K	2	3	1120	1366
N/A	$141.9K	2	2	1010	1010
701 NW 19th St Apt 501	$269K	2	2	1000	1000
2840 Somerset Dr Unit 301M	$55K	1	2	835	835
2943 NW 33rd Way	$350K	2	3	1523	1523
620 Tennis Club Dr Apt 311	$315.9K	3	3	1496	1496

Presented by:
Ginna V. Sierra
state license#3282253

Brokered by:
Miami Bien Real Estate
(305) 748-5418

Broker Location:

CORAL GABLES

Data Source:

MiamiMLS

Source's Property ID:

A11740888

Data Source Copyright:

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$141,900

Lauderdale Lakes, FL 33311