NOT LISTED FOR SALE

11229 SW 5th Terrace Miami, FL 33174

Estimated Value: $792,000 - $1,013,000

6 Beds
3 Baths
2,319 Sq Ft
$373/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $564,500 $243 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,741/month

42 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of October 2021

Excellent income property, very desirable area, do not miss out on this great opportunity. Excellent month to month tenants, Tile floors.

Last Agent to Sell the Property

Jay Rahman

ProClose Realty, LLC. License #3030925 Listed on: 07/15/2021

Last Buyer's Agent

Hasnain Ali

Interinvestments Realty, Inc. License #3460910

Interinvestments Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,592

Year Built

  • Built in 1963

Lot Details

  • 6,011

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Flat Roof with Façade front
  • Shingle Roof

Interior Spaces

  • 2,319 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 2 Units
  • Sweetwater Groves .14 Ac Condos
  • Sweetwater Groves .14 Ac Subdivision

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 25-40-06-001-0386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,592

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1963
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: SWEETWATER GROVES .14 AC
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2319
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Flat Roof With Facade Front, Shingle
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SWEETWATER GROVES .14 AC
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: 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: 25-40-06-001-0386
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7592

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Oct 5, 2021
Sold by
Sukhwani Dhiraj and Sukhwani Adlin
Bought by
Malik Yasir Azam
Seller's Agent
Jay Rahman
ProClose Realty, LLC.
Buyer's Agent
Hasnain Ali
Interinvestments Realty, Inc.
List Price
$649,000
Sold Price
$564,500
Premium/Discount to List
-$84,500
-13.02%
Current Estimated Value
$864,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,931
Avg. Annual Appreciation
11.12%
Original Mortgage
$423,375
Outstanding Balance
$386,079
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$478,352

Purchase Details

Closed on
Jan 29, 2016
Sold by
Sukhwani Adlin
Bought by
Rahman Javed and Sukhwani Adlin

Purchase Details

Listed on
Mar 19, 2011
Closed on
Mar 7, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sukhwani Adlin
Seller's Agent
Anthony Serrano
Serrano Properties LLC
Buyer's Agent
Freddie Santiago
Real Broker LLC
List Price
$169,900
Sold Price
$170,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.68%

Purchase Details

Closed on
Sep 28, 2010
Sold by
Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Aug 24, 2010
Sold by
Esopinosa Mauricio
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 25, 2007
Sold by
Espinosa Mauricio and Jarrin Elizabeth
Bought by
Espinosa Mauricio and Obando Birmania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,800
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2005
Sold by
Bassaure Daniel and Bassaure Evelyn
Bought by
Espinosa Mauricio and Jarrin Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 19, 2002
Sold by
Ninoska Naranjo I
Bought by
Bassaure Daniel and Bassaure Evelyn

Purchase Details

Closed on
Nov 10, 1998
Sold by
Rodriguez Jesus L and Rodriguez Maria V
Bought by
Naranjo Ninoska and Arias Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving
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
Malik Yasir Azam $564,500 Attorney
Rahman Javed -- None Available
Sukhwani Adlin $170,000 New House Title
Federal Home Loan Mortgage Corp -- New House Title
Wells Fargo Bank Na $177,600 None Available
Espinosa Mauricio -- Rels Title
Espinosa Mauricio $350,000 --
Bassaure Daniel $185,000 --
Naranjo Ninoska $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malik Yasir Azam $423,375
Previous Owner Espinosa Mauricio $367,800
Previous Owner Espinosa Mauricio $280,000
Previous Owner Naranjo Ninoska $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2021 10/05/21 Sold $564,500 -5.8% $243 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/19/2021 08/19/21 Price Changed $599,000 -7.7% $258 / Sq Ft
07/15/2021 07/15/21 For Sale $649,000 +281.8% $280 / Sq Ft
03/08/2012 03/08/12 Sold $170,000 +0.1% $71 / Sq Ft View Prior Sale
05/10/2011 05/10/11 Pending -- -- --
03/17/2011 03/17/11 For Sale $169,900 -- $71 / 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 $13,898 $699,165 -- --
2024 $12,178 $635,605 -- --
2023 $12,178 $573,785 $0 $0
2022 $10,771 $521,623 $153,912 $367,711
2021 $7,552 $334,685 $153,912 $180,773
2020 $7,592 $335,843 $153,912 $181,931
2019 $7,631 $337,001 $153,912 $183,089
2018 $7,419 $338,159 $153,912 $184,247
2017 $6,820 $304,069 $0 $0
2016 $6,385 $269,568 $0 $0
2015 $5,458 $245,062 $0 $0
2014 $4,972 $222,784 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11071495

MIAMI REALTORS® MLS

APN: 25-4006-001-0386