NOT LISTED FOR SALE

10621 SW 77th Ct Pinecrest, FL 33156

Estimated Value: $1,611,000 - $2,259,000

6 Beds
4 Baths
3,275 Sq Ft
$620/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $1,870,000 $571 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $12,930/month

17 Days on Market

Highlights

  • New Construction
  • In Ground Pool
  • No HOA
  • Palmetto Elementary School Rated A
  • Marble Flooring
  • Central Air

About This Home

As of September 2022

*ALREADY PRODUCING $12,000 PER MONTH. BOTH UNITS RENTED* Collect rent from high quality tenants that make passive income a breeze. This duplex is now producing $12,000 a month. With a low initial tax basis, this property is destined to be a great investment. It has been extensively renovated and is basically brand new: new roof, new pool, new bathrooms, new tile. The below financials are already in place and end up at a cap rate of ~6.2%. Effortlessly get your cash into the mid teens when purchased with leverage. Monthly income: $12,000 Yearly property taxes $17,000 (includes post-purchase adjustment) Yearly insurance $4,000 Yearly utilities & misc costs $2,400 Total expenses $23,400 Total income $144,000 ***NOI $120,600*** @ ~6.1% cap rate = $1,970,000

Last Agent to Sell the Property

Raphael Hillis

Urban Key Realty Corp License #3384504 Listed on: 07/18/2022

Last Buyer's Agent

Maria Lea Plaza

LP Realty, LLC. License #3228685

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,214

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.34

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Substantially Remodeled
  • Shingle Roof

Interior Spaces

  • 3,275 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Marble
  • Ceramic Tile

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Central Air
  • Heating Available
  • Septic Tank

Community Details

  • No Home Owners Association
  • 2 Units
  • Palmetto Duplexes Addn No Condos
  • Palmetto Duplexes Addn No Subdivision

Listing and Financial Details

  • Rent includes gardener, water
  • Assessor Parcel Number 20-50-10-037-0020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,214

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2022
  • Property Sub Type: Duplex
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: PALMETTO DUPLEXES ADDN NO
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: 4098
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor, Marble
  • Furnished: Unfurnished
  • Living Area: 3275
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Features: In Ground, Fenced
  • Pool Private: No
  • Property Condition: New Construction, Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PALMETTO DUPLEXES ADDN NO
  • Total Parking Spaces: 4

Utilities

  • Sewer: Septic Tank
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 20-50-10-037-0020
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12214

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Aug 31, 2022
Sold by
Rose Living Llc
Bought by
Flus Llc
Seller's Agent
Raphael Hillis
Urban Key Realty Corp
Buyer's Agent
Maria Lea Plaza
LP Realty, LLC.
List Price
$1,970,000
Sold Price
$1,870,000
Premium/Discount to List
-$100,000
-5.08%
Views
6
Current Estimated Value
$2,029,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,172
Avg. Annual Appreciation
-1.18%

Purchase Details

Closed on
Jun 11, 2021
Sold by
Noriega Victoria and Victoria Noriega Trust
Bought by
Rose Living Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2017
Sold by
Noriega Victoria
Bought by
Noriega Victoria

Purchase Details

Closed on
Oct 4, 2016
Sold by
Noriega Samuel David
Bought by
Noriega Samuel D and Noriega Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2006
Sold by
Hibbe Betty Lynn and Young Betty Lynn
Bought by
Noriega Samuel David and Noriega Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 10, 1993
Sold by
Bartolomeo Osvaldo and Bartolomeo Zoila
Bought by
Hibbe Betty Lynn
Source: Public Records

Range of Values:

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Average Value
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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
Flus Llc $1,870,000 --
Rose Living Llc $850,000 Attorney
Noriega Victoria -- Attorney
Noriega Samuel D $157,500 Attorney
Noriega Samuel David $725,000 Attorney
Hibbe Betty Lynn $211,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rose Living Llc $500,000
Previous Owner Noriega Samuel D $315,000
Previous Owner Noriega Samuel David $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $1,870,000 -5.1% $571 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $1,970,000 -- $602 / 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 $26,573 $1,577,231 -- --
2024 $25,260 $1,433,847 $662,500 $771,347
2023 $25,260 $1,366,695 $587,500 $779,195
2022 $14,124 $735,137 $462,500 $272,637
2021 $12,214 $609,994 $400,000 $209,994
2020 $11,821 $586,714 $375,000 $211,714
2019 $11,907 $588,434 $375,000 $213,434
2018 $10,974 $552,916 $312,500 $240,416
2017 $10,850 $554,873 $0 $0
2016 $10,049 $482,290 $0 $0
2015 $9,293 $438,446 $0 $0
2014 $8,598 $398,588 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Raphael Hillis

    Seller's Agent in 2022

    Raphael Hillis

    Urban Key Realty Corp

    (646) 620-7375

    4 in this area

    8 Total Sales

    Raphael Hillis
    Section Image

  • M

    Buyer's Agent in 2022

    Maria Lea Plaza

    LP Realty, LLC.

    (305) 967-8820

    1 in this area

    64 Total Sales

    Maria Lea Plaza
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11239953

MIAMI REALTORS® MLS

APN: 20-5010-037-0020

Florida Miami/Dade County Pinecrest 33156

10621 SW 77th Ct, Pinecrest, FL

This home is located at 10621 SW 77th Ct, Pinecrest, FL 33156 since 18 July 2022 and is currently estimated at $2,029,172, approximately $619 per square foot. This property was built in 2022. 10621 SW 77th Ct is a home located in Miami-Dade County with nearby schools including Palmetto Elementary School, Palmetto Middle School, and Miami Palmetto Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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