920 NE 39th St, Oakland Park, FL 33334

Charming Home in Oakland Park: A Value Opportunity in a Buyer’s Market!

Asking Price: $385,000 (Note: Property recently listed on January 20, 2025, for $399,900 and is currently under contract. This suggests the stated $385,000 might be an outdated asking price or an indication of a price reduction. The under-contract status indicates strong buyer interest.)

Discover this delightful 3-bedroom, 2-bathroom single-family home at 920 NE 39th St, Oakland Park, FL 33334. Built in 1961, this 1,374 sqft residence offers comfortable living in a vibrant Broward County city. With an original estimated monthly payment of around $2,413 (based on a $399,900 price and 20% down payment), this property presents a compelling opportunity, especially given the current “under contract” status.

Key Features & Property Details:

• Two Full Bathrooms: Provides convenience for residents.
• Built in 1961: Offers classic Florida home charm with a solid foundation.
• Carport: Provides covered parking.
• No HOA Fees: This property is not part of an HOA, which means no recurring monthly or annual HOA fees, contributing to lower overall ownership costs.
• Property Tax Information: The 2024 annual property taxes were $6,600. This is a significant annual cost to factor into the budget. The property last sold for $37,500 in May 1993, highlighting the substantial appreciation in value over the decades.
• Lot Size: The home sits on a 5,801 sqft (less than a quarter-acre) lot.
• Under Contract Status: The property is currently listed as “Active Under Contract,” indicating a buyer has already committed to purchasing it. This means interested parties would likely need to submit a backup offer.

Oakland Park (33334) Market Dynamics:

• Buyer’s Market: The 33334 zip code and Oakland Park overall are currently in a Buyer’s Housing Market. This indicates that the supply of homes is greater than the demand, giving buyers more negotiation power and homes staying on the market longer.
  • The median home sold price in 33334 was $485,000 in May 2025, down 3.6% from last year.
  • For 3-bedroom homes in 33334, the median sold price decreased by 0.5% year-over-year to $527,500 in May 2025. This property’s asking price of $385,000 (or $399,900) is significantly below this median, suggesting a strong value proposition.
  • A high percentage of homes, 85.7% in 33334, sold below asking price last month, indicating strong negotiation opportunities for buyers in this market. In Oakland Park overall, 76.9% sold below asking price.
  • Homes in 33334 had an average listing age of 68 days in May 2025 (up 41.1% from last year), providing buyers more time for due diligence.

Oakland Park Location & Lifestyle:

• Broward County City: Oakland Park is a city in Broward County, nestled between Fort Lauderdale and Wilton Manors. It offers a mix of residential areas, commercial districts, and recreational opportunities.
• Proximity to Amenities: The city provides convenient access to major roadways (e.g., I-95), shopping centers, diverse dining options, and cultural attractions in the wider Fort Lauderdale area.
• Schools (Broward County Public Schools): Assigned public schools for this address are:
  • Oakland Park Elementary School (PK-5, GreatSchools Rating 5/10, 0.5 mi) – A moderately rated elementary school.
  • James S. Rickards Middle School (6-8, GreatSchools Rating 4/10, 1.9 mi) – A lower-rated middle school.
  • Northeast High School (9-12, GreatSchools Rating 5/10, 1.4 mi) – A moderately rated high school.
  • The school ratings for this specific address are mixed, with middle school being lower. Buyers prioritizing highly-rated public schools should research school choice options or private alternatives.
• Crime Rate (Higher than FL Average): Oakland Park has a higher crime rate than 86% of Florida’s cities and towns. The total crime index for Oakland Park in 2018 was 607.94 per 100,000 population. While violent crime numbers are lower, property crimes are more prevalent. The chance of being a victim of a crime in Oakland Park is 1 in 22, with a 1 in 25 chance for property crime. Buyers should research localized crime data and consider their personal comfort levels with these statistics.

Important Considerations:

• Under Contract Status: As the property is under contract, serious buyers would need to prepare a backup offer, understanding that the initial offer may close.
• Flood Risk (Moderate and Increasing): This property has a “Moderate” Flood Factor, and its flood risk is increasing. Oakland Park is susceptible to inland flooding from heavy rainfall (from hurricanes, tropical storms, etc.) overflowing rivers, streams, and canals, with approximately 40% of the City in a Special Flood Hazard Area (SFHA). While the specific flood zone for 920 NE 39th St wasn’t explicitly stated (it could be Zone AE/AH requiring mandatory flood insurance, or Zone X-Shaded with less than 1 foot average depth), it is crucial for buyers to consult the official FEMA Flood Map Service Center (MSC) and the City of Oakland Park’s Planning Division to determine the exact flood zone designation and any mandatory flood insurance requirements. Oakland Park participates in the Community Rating System (CRS), offering a 20% discount on flood insurance premiums.
• Climate Risks (Extreme Heat & Wind): Oakland Park, like much of South Florida, faces significant climate risks:
  • “Extreme” Heat Factor: Historically, 7 days per year reached above 105°F, indicating intense summer heat.
  • “Extreme” Wind Factor: Extreme risk of severe winds over the next 30 years due to hurricane activity.
  • Buyers should factor in potential impacts on energy bills for cooling and ensure comprehensive homeowner’s insurance adequately covers wind and tropical storm damage.
• Age of Home: A home built in 1961 will benefit from a thorough inspection to assess the current condition of all systems (HVAC, plumbing, electrical, roof) and identify any potential needs for repair or upgrades.

This home at 920 NE 39th St offers a compelling opportunity for value-conscious buyers in Oakland Park, especially considering its current “under contract” status at a competitive price. Its convenient location, lack of HOA fees, and presence in a buyer’s market make it an attractive option, though due diligence on flood risk, climate impacts, and the current state of the property is essential.

Priced at $385,000 – explore this opportunity in Oakland Park! Contact the listing agent for information on submitting a backup offer.