NOT LISTED FOR SALE

1040 SW 22nd Ave Miami, FL 33135

Coral Way Neighborhood

Estimated Value: $879,095 - $1,277,000

6 Beds
3 Baths
2,378 Sq Ft
$456/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $980,000 $412 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,735/month

37 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Complete Impact Glass
  • Central Heating and Cooling System

About This Home

As of August 2023

Remodeled Old Spanish Duplex. New electrical, plumbing, roof, impact windows and doors. Additional income from new shared laundry in rear. Newer Central A/C's. Month to month tenants with under market value rents. $7k plus monthly rents at current market rates. Centrally located in Little Havana near Coconut Grove, Coral Gables, Brickell and downtown Miami. Proof of funds and/or preapproval with D.U. needed for showings.

Last Agent to Sell the Property

Aquiles Solano Jr., P.A

SFRMC Realty License #3269585 Listed on: 06/13/2023

Last Buyer's Agent

Paul Silverstein

RE/MAX Advance Realty License #0354892

RE/MAX Advance Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,195

Year Built

  • Built in 1938

Lot Details

  • 6,011

Parking

  • 8 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,378 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Complete Impact Glass

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Byan Park Condos
  • Byan Park Subdivision

Listing and Financial Details

  • Rent includes electricity
  • Assessor Parcel Number 01-41-10-014-0910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,195

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1938
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: BYAN PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Ceramic Floor
  • Living Area: 2378
  • Possible Use: Investment
  • Stories: 2
  • Window Features: Complete Impact Glass

Exterior Features

  • Roof: Shingle
  • Construction Type: Other
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BYAN PARK
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-10-014-0910
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7195

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Aug 14, 2023
Sold by
Martinez Guimel and Martinez Yusneli
Bought by
Wentzel Martin and Litwinski Michele
Seller's Agent
Aquiles Solano Jr., P.A
SFRMC Realty
Buyer's Agent
Paul Silverstein
RE/MAX Advance Realty
List Price
$1,175,000
Sold Price
$980,000
Premium/Discount to List
-$195,000
-16.6%
Views
25
Current Estimated Value
$1,085,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,024
Avg. Annual Appreciation
4.35%
Original Mortgage
$669,900
Outstanding Balance
$655,056
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$429,968

Purchase Details

Closed on
Aug 18, 2015
Sold by
Martinez Guimel and Martinez Yusneli
Bought by
Martinez Guimel and Martinez Yusneli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,200
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2003
Sold by
Berger Lorraine
Bought by
Martinez Guimel and Padron Yusneli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,395
Interest Rate
7.55%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wentzel Martin $980,000 Cloudless Title
Martinez Guimel -- Attorney
Martinez Guimel $254,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wentzel Martin $669,900
Previous Owner Martinez Guimel $329,200
Previous Owner Martinez Guimel $241,395
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2023 08/15/23 Sold $980,000 -14.8% $412 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
06/21/2023 06/21/23 Price Changed $1,150,000 -2.1% $484 / Sq Ft
06/13/2023 06/13/23 For Sale $1,175,000 -- $494 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,799 $661,072 -- --
2024 $8,432 $600,975 $371,790 $229,185
2023 $8,432 $318,675 $0 $0
2022 $7,495 $289,705 $0 $0
2021 $6,879 $263,369 $0 $0
2020 $6,562 $337,986 $222,102 $115,884
2019 $6,009 $302,022 $186,138 $115,884
2018 $5,368 $266,762 $147,015 $119,747
2017 $4,920 $179,886 $0 $0
2016 $4,640 $163,533 $0 $0
2015 $4,066 $148,667 $0 $0
2014 $4,029 $143,063 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Aquiles Solano Jr., P.A

    Seller's Agent in 2023

    Aquiles Solano Jr., P.A

    SFRMC Realty

    (305) 525-9962

    5 in this area

    16 Total Sales

    Aquiles Solano Jr., P.A
    Section Image
  • Paul Silverstein

    Buyer's Agent in 2023

    Paul Silverstein

    RE/MAX

    (954) 426-5400

    1 in this area

    13 Total Sales

    Paul Silverstein
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11402854

MIAMI REALTORS® MLS

APN: 01-4110-014-0910

Florida Miami/Dade County Miami 33135 Coral Way

1040 SW 22nd Ave, Miami, FL

Not Listed for Sale

MultiFamily

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