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2860 Somerset Dr APT 405K, Lauderdale Lakes, FL, 33311

1beds
1baths
748sqft
$70,000
$94price/sqft
$698/moest. monthly cost
$27,920/yrincome needed

About This Home

55+ gated community with 24/7 security. Unit rented month to month Assoc. requires 580+ credit, 10% down, pets under 5 lbs.

Getting Around

51
WalkingSomewhat Walkable
39
TransitSome Transit
40
BikeSomewhat Bikeable

Schools

6/10
4/10
4/10

Construction

Condition

  • Year built: 1980

Materials

  • Construction materials: Block

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Electric Range,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Elevator

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 748
  • Total interior livable area: 748 sqft

Property

Details

  • Parcel number: 494230BB1320
  • Attached to another structure: Yes

Features

  • Pool features: Association
  • Exterior features: Other
  • Has view: Yes
  • View description: Other

Parking

  • Parking features: 1 Space

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Hurricane
Heat Wave
Tsunami

FEMA Declared Disasters in Broward County and Florida

Flood
Hurricane
Severe Storm
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $353$4,236
Home Insurance *$93$1,116
Property Taxes $55$660
Electricity $197$2,366
Total$698$8,376
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$23,931/yr
40% on housing$20,940/yr
45% on housing$18,613/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.5%
4.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$94This listing

vs Other Active Listings

Avg $/sqft

ZIP 33311$229
Broward County$319

vs Homes Sold Last Month

Median $/sqft

ZIP 33311$327
Broward County$352

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-01-28Listed for sale$70,000
2004-11-10Sold$35,000
1981-04-01Sold$23,314

For Sale by Agent

AgentOtto Rivera
BrokerageEstate Capital Group, Inc.

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