3200 NE 36th St #619 · Fort Lauderdale, FL 33308

$325,000

2 bd · 2.0 ba · 1,350 sqft · Condo public records · 48 Days on market

Built 1963 $724/mo HOA ↓ 12% since listing

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.1/30.0
• 1% rule +8.4/10.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Coral Ridge Towers North apartment 619. This completely remodeled apartment has two bedrooms and two bathrooms. Porcelain and wood tile throughout ties the space together. The kitchen has an island, white European style cabinetry, quartz countertops and bamboo look tile backsplash. All Samsung stainless steel appliances. The split bedroom plan has walk-in closets, and the bathrooms have showers and frameless glass. This 55+ Co-Op community located on the barrier island has shopping, grocery stores and restaurants close by. Coral Ridge Towers North offers amenities including a heated pool, gym, library, outdoor barbecue, new clubhouse, deck and more. Coral Ridge Towers North is a

Key facts

• $724 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: Living area reported from plans; Association-managed community with manager on site
• Financial info: Not a land lease; Pets not allowed; Senior community
• HOA & community: Association: Galt Plaza Apartments, Inc.; Monthly association fee (includes cable TV, insurance, internet, grounds maintenance, pest control, security, sewer, trash, water, common areas, elevator, legal/accounting, reserves, roof repairs, pool service); Association amenities include clubhouse, car wash area, elevators, fitness center, laundry, on-site management, parking, pool (heated), shuffleboard court, storage, manager on site, bike storage, community room, internet included, sidewalks

Exterior

• Parking: Asphalt parking; Guest parking; Loading spaces; One open parking space
• Security: Building security; Fire alarm; Security guard; Key card entry; Attended lobby
• Utilities: Public water; Public sewer; Cable available; Electricity available; Water connected
• Home design: Stock cooperative; Single-level (one level); Updated/remodeled condition; Faces east
• Construction: Pre-cast concrete construction; Flat roof; Pillar/post/pier foundation; Seventeen-story building; Unit is a Two Bedroom Deluxe with Den model
• Exterior features: Private heated saltwater in-ground lap pool; Intracoastal waterfront access; Asphalt road frontage; Publicly maintained road

Interior

• Kitchen: Disposal; Dishwasher; Refrigerator; Electric cooktop
• Bedrooms: Two bedrooms on the main level
• Flooring: Tile flooring
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Entrance foyer; Kitchen island; Walk-in closets; Split bedroom layout; Closet cabinetry
• Laundry & utility: Common area laundry; Laundry room access; Multiple laundry locations

🏢 Co-op / cooperative unit. The $325,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $325k.

Deal economics

• At list price, monthly cash flow is $643 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $325k).
• Recommended offer: $315k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 2.2% in Fort Lauderdale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#78 in FL, #1,293 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, health & safety A+; Watch: cost of living D-.
• Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 746 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $4,347/mo this rent would consume 56% of the median local household income ($94k/yr) (locally 912% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $315,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.34% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.48%
• DSCR: 1.38
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.63% rent growth · sell at horizon

5-year hold

• IRR: -2.5%
• Equity multiple: 0.91×
• Total profit: $-8,524
• Equity at exit: $48,459

10-year hold

• IRR: 8.1%
• Equity multiple: 1.64×
• Total profit: $58,480
• Equity at exit: $28,100

Cash invested: $91,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33308

• Rents YoY: 3.6%
• Active inventory: 746
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $4,347 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$227 /mo · $2,725/yr
• Insurance: −$135
• HOA: −$724
• Vacancy / Maint / Mgmt: −$913
• Net cashflow: $643

Break-even live

Break-even rent $3,533

Max offer price $325,000

Occupancy floor 80%

Sensitivity live

Price	-10% $827	-5% $735	+0% $643	+5% $551	+10% $459
Rent	-10% $300	-5% $472	+0% $643	+5% $815	+10% $987
Rate	-1.0pp $807	-0.5pp $726	base $643	+0.5pp $559	+1.0pp $473

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3605 NE 32nd Ave Unit 209A Fort Lauderdale, FL	2.0	2.0	1000	$3,300	$3.30	2d	1	0.08mi
3605 NE 32nd Ave Unit 209A Fort Lauderdale, FL	2.0	2.0	1000	$3,300	$3.30	21d	1	0.08mi
3333 NE 32nd Ave #1207 Fort Lauderdale, FL	3.0	3.0	1590	$6,000	$3.77	0d	1	0.17mi
3333 NE 32nd Ave #1207 Fort Lauderdale, FL	3.0	3.0	1590	$6,500	$4.09	25d	1	0.17mi
3430 Galt Ocean Dr Fort Lauderdale, FL	1.0–2.0	1.5–2.0	1343	$4,980	$3.71	16d	4	0.30mi
3430 Galt Ocean Dr Fort Lauderdale, FL	1.0–4.0	1.5–4.5	2873	$6,320	$2.20	8d	4	0.30mi
3500 Galt Ocean Dr #2314 Fort Lauderdale, FL	1.0	1.5	1088	$4,500	$4.14	25d	1	0.30mi
3500 Galt Ocean Dr #2314 Fort Lauderdale, FL	1.0	1.5	1088	$4,500	$4.14	5d	1	0.30mi
3410 Galt Ocean Dr Unit 2008N Fort Lauderdale, FL	2.0	2.0	1662	$4,450	$2.68	25d	1	0.31mi
3400 Galt Ocean Dr Unit 503S Fort Lauderdale, FL	2.0	2.0	1662	$4,600	$2.77	25d	1	0.32mi
3400 Galt Ocean Dr Unit 1906S Fort Lauderdale, FL	2.0	2.0	1550	$4,800	$3.10	5d	1	0.32mi
3400 Galt Ocean Dr Unit 203S Fort Lauderdale, FL	2.0	2.0	1662	$4,200	$2.53	25d	1	0.32mi
3750 Galt Ocean Dr #209 Fort Lauderdale, FL	1.0	1.5	1187	$4,000	$3.37	25d	1	0.33mi
3750 Galt Ocean Dr #1002 Fort Lauderdale, FL	2.0	2.0	1580	$6,500	$4.11	18d	1	0.33mi
3700 Galt Ocean Dr Fort Lauderdale, FL	1.0–2.0	1.5–2.0	1025	$3,790	$3.70	25d	2	0.33mi
3100 N Ocean Blvd #606 Fort Lauderdale, FL	2.0	2.0	1537	$5,000	$3.25	25d	1	0.33mi
3600 Galt Ocean Dr Unit 9C Fort Lauderdale, FL	2.0	2.0	1155	$4,000	$3.46	25d	1	0.34mi
3200 N Ocean Blvd #1205 Fort Lauderdale, FL	2.0	2.0	1630	$6,000	$3.68	15d	1	0.36mi
3200 N Ocean Blvd #406 Fort Lauderdale, FL	2.0	2.0	1630	$8,400	$5.15	19d	1	0.36mi
3200 N Ocean Blvd #506 Fort Lauderdale, FL	2.0	2.0	1630	$4,950	$3.04	25d	1	0.36mi
3200 N Ocean Blvd #406 Fort Lauderdale, FL	2.0	2.0	1634	$6,200	$3.79	25d	1	0.36mi
3200 N Ocean Blvd #1506 Fort Lauderdale, FL	2.0	2.0	1630	$8,250	$5.06	8d	1	0.36mi
3200 N Ocean Blvd #1406 Fort Lauderdale, FL	2.0	2.0	1630	$5,500	$3.37	25d	1	0.36mi
3200 N Ocean Blvd #2105 Fort Lauderdale, FL	2.0	2.0	1630	$7,800	$4.79	25d	1	0.36mi
3800 Galt Ocean Dr Fort Lauderdale, FL	1.0–2.0	1.5–2.0	1071	$4,250	$3.97	4d	7	0.37mi
3800 Galt Ocean Dr Fort Lauderdale, FL	1.0–2.0	1.5–2.0	1071	$4,500	$4.20	16d	6	0.37mi
3800 Galt Ocean Dr Fort Lauderdale, FL	1.0–2.0	1.5–2.0	1071	$4,500	$4.20	6d	6	0.37mi
3031 N Ocean Blvd Fort Lauderdale, FL	2.0–3.0	2.0	1290	$3,400	$2.63	8d	3	0.38mi
3031 N Ocean Blvd Fort Lauderdale, FL	2.0–3.0	2.0	1290	$3,200	$2.48	5d	4	0.38mi
3031 N Ocean Blvd Fort Lauderdale, FL	2.0–3.0	2.0	1325	$3,475	$2.62	18d	3	0.38mi
3850 Galt Ocean Dr #210 Fort Lauderdale, FL	2.0	2.0	1580	$3,200	$2.03	16d	1	0.39mi
3850 Galt Ocean Dr #1003 Fort Lauderdale, FL	1.0	1.5	1050	$3,300	$3.14	25d	1	0.39mi
3020 NE 32nd Ave Fort Lauderdale, FL	2.0	2.0	1185	$3,875	$3.27	8d	3	0.41mi
3020 NE 32nd Ave Fort Lauderdale, FL	1.0–2.0	1.0–2.0	920	$4,300	$4.67	5d	4	0.41mi
3900 Galt Ocean Dr Fort Lauderdale, FL	1.0–2.0	1.5–2.0	1429	$5,600	$3.92	18d	4	0.42mi
3900 Galt Ocean Dr Fort Lauderdale, FL	1.0–2.0	1.5–2.0	1429	$5,600	$3.92	0d	4	0.42mi
2900 NE 30th St Unit H6 Fort Lauderdale, FL	2.0	2.0	1040	$3,200	$3.08	25d	1	0.43mi
2866 NE 30th St Fort Lauderdale, FL	2.0	2.0	931	$4,900	$5.26	0d	2	0.46mi
4010 Galt Ocean Dr #802 Fort Lauderdale, FL	2.0	2.0	1190	$5,000	$4.20	16d	1	0.47mi
4010 Galt Ocean Dr Fort Lauderdale, FL	2.0–3.0	2.0	810	$5,000	$6.17	6d	2	0.48mi

HOA detail condo

• Monthly dues: $724 · $8,688/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-21
   days on market $325,000 Active 48 DOM
2. 2026-06-18
   days on market $325,000 Active 45 DOM
3. 2026-06-17
   days on market $325,000 Active 44 DOM
4. 2026-06-16
   days on market $325,000 Active 43 DOM
5. 2026-06-15
   days on market $325,000 Active 42 DOM
6. 2026-06-13
   days on market $325,000 Active 40 DOM
7. 2026-06-09
   days on market $325,000 Active 36 DOM
8. 2026-06-08
   days on market $325,000 Active 35 DOM
9. 2026-06-07
   days on market $325,000 Active 34 DOM
10. 2026-06-04
    days on market $325,000 Active 31 DOM
11. 2026-06-03
    days on market $325,000 Active 30 DOM
12. 2026-06-02
    days on market $325,000 Active 29 DOM
13. 2026-06-01
    days on market $325,000 Active 28 DOM
14. 2026-05-31
    days on market $325,000 Active 27 DOM
15. 2026-05-04
    listed $325,000 Active
16. 2026-03-26
    historical
17. 2025-03-27
    listed $369,501 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,725 · $227/mo
• Projected year-2 tax: $2,725 · $227/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 44% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $52,163
• − Mortgage interest: −$18,205
• − Property taxes: −$2,725
• − Insurance: −$1,625
• − Repairs & maintenance: −$4,173
• − Management: −$4,173
• − HOA: −$8,688
• − Depreciation: −$9,455
• Taxable income: $3,119
• Est. tax owed @ 24.0%: −$749
• After-tax cash flow: $6,970/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Broward
• NCES district ID: 1200180
• Math proficiency: 42% ▼ -18.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $52,139
• Composite: 40.88/100
• National rank: #3621
• State rank: #46 of 73 in FL

Livability — Fort Lauderdale

• Score: 82/100
• State rank: #78
• US rank: #1293

Category grades

Amenities A+ Commute C+ Cost of living D- Crime A+ Employment B Housing A- Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Lauderdale, FL
• County: Broward County · 1,963,430 people
• City population: 235,769
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 27,935
• Household income: $93,879
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 912.0

Population outlook (Broward County) Hauer SSP2

• Today (2025): 2,207,033 people
• By 2030: 2,360,704 · +7.0%
• By 2040: 2,661,208 · +20.6%
• By 2050: 2,946,698 · +33.5%
• By 2075: 3,602,273 · +63.2%
• By 2100: 3,970,984 · +79.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 16% Two or more races 14% Asian 3% Black 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 4% Lithuanian 3% Scotch-Irish 3%
• Foreign-born: 24% · Canada, Jamaica, Dominican Republic
• Languages at home: 75% English-only · Spanish 14% Other Indo-European 5% Russian/Polish/Slavic 2%

Political lean MEDSL · Broward

• 2024 margin: D (+17.0) · D 58.0% · R 41.0%
• 2008→2024 swing: -17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
• All cycles: 2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -417.95%
• Current HPI: 325.3902
• Rent YoY: ▲ 3.63%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-12.0% since first listed

3 events — show timeline

• 2026-05-04 Listed $325,000 Beaches MLS
• 2026-03-26 Listing Removed — Beaches MLS
• 2025-03-27 Listed $369,501 Beaches MLS

Property tax history

+7.2%/yr

Latest (2025): $2,725 · +6.1% YoY. Source: county tax records.