Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property's prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don't miss out on this turnkey investment is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
Sold for $275,000
$275,000
7085 Nova Dr APT 313, Fort Lauderdale, FL 33317
2beds
1,061sqft
Condominium
Built in 2003
-- sqft lot
$272,500 Zestimate®
$259/sqft
$2,232 Estimated rent
Home value
$272,500
$253,000 - $292,000
$2,232/mo
Zestimate® history
Owner options
List your home for rent
$2,232/mo
Rent Zestimate®
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$2,232/mo
Rent Zestimate®
Refinance and save
$2,308/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,308/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Mariano Saal 305-918-2627,
TIR Prime Properties Corp.
Bought with:
Adam Kapit, 3288716
Keller Williams Realty Consult
Source: MIAMI,MLS#: A11580196
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
Features
- Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Tile
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 1,061
- Total interior livable area: 1,061 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Entry location: Third Floor Entry
- Exterior features: Exterior Cat Walk, Balcony
- Pool features: Association
- Has view: Yes
- View description: Pool
Details
- Parcel number: 504122AE0450
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete Block Construction
Condition
- Year built: 2003
Community & HOA
Community
- Security: No Security
- Application fee: $150
- Pet fee: $0
- Subdivision: University Parc Residence,University Parc
HOA
- Has HOA: Yes
- Amenities included: Pool
- HOA fee: $346 monthly
Location
- Region: Fort Lauderdale
Financial & listing details
- Price per square foot: $259/sqft
- Tax assessed value: $277,580
- Annual tax amount: $4,620
- Date on market: 5/2/2024
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2025 | Sold | $275,000$259/sqft |
Source:  MIAMI #A11580196 Report a problem | ||
| 4/21/2025 | Pending sale | $275,000$259/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 4/1/2025 | Price change | $275,000+1.9%$259/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 3/4/2025 | Pending sale | $270,000$254/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 2/24/2025 | Listed for sale | $270,000$254/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 2/3/2025 | Listing removed | $270,000$254/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 1/20/2025 | Price change | $270,000-8.5%$254/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 10/7/2024 | Listed for sale | $295,000$278/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 9/24/2024 | Pending sale | $295,000$278/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 8/22/2024 | Price change | $295,000-6.3%$278/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 8/6/2024 | Price change | $315,000-3.1%$297/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 5/2/2024 | Listed for sale | $325,000+72%$306/sqft |
Source: MIAMI #A11580196 Report a problem | ||
| 11/22/2015 | Listing removed | $1,500$1/sqft |
Source: Hollywood Homes Real Estate Report a problem | ||
| 11/9/2015 | Listed for rent | $1,500$1/sqft |
Source: Hollywood Homes Real Estate Report a problem | ||
| 8/7/2007 | Sold | $189,000+60.4%$178/sqft |
Source: Public Record Report a problem | ||
| 2/5/2003 | Sold | $117,800$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,172 +5.3% | $226,570 +10% |
| 2024 | $4,910 +6.3% | $205,980 +10% |
| 2023 | $4,620 +17.1% | $187,260 +10% |
| 2022 | $3,945 +11.8% | $170,240 +10% |
| 2021 | $3,530 +5.1% | $154,770 +10% |
| 2020 | $3,359 +8.6% | $140,700 +10% |
| 2019 | $3,092 | $127,910 -25.6% |
| 2018 | $3,092 +6.8% | $171,900 +62.6% |
| 2017 | $2,895 +9.8% | $105,720 +10% |
| 2016 | $2,637 +8.5% | $96,110 +10% |
| 2015 | $2,429 +13.9% | $87,380 +10% |
| 2014 | $2,132 | $79,440 +10% |
| 2013 | $2,132 +34.3% | $72,220 +6.7% |
| 2012 | $1,588 +4.7% | $67,710 +4.8% |
| 2011 | $1,516 -3.1% | $64,580 -1.3% |
| 2010 | $1,565 -39.1% | $65,440 -43% |
| 2009 | $2,571 -27.8% | $114,810 -32% |
| 2008 | $3,560 | $168,840 |
Find assessor info on the county website
Neighborhood: 33317
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Nearby schools
GreatSchools rating
- 7/10Tropical Elementary SchoolGrades: PK-5Distance: 1 mi
- 6/10Seminole Middle SchoolGrades: 6-8Distance: 1 mi
- 5/10South Plantation High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$272,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$272,500
- Florida
- Broward County
- Davie
- 33317
- 7085 Nova Dr Apartment 313
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