NOT LISTED FOR SALE

1165 NE 113th St Miami, FL 33161

Estimated Value: $583,999 - $780,000

4 Beds
2 Baths
1,724 Sq Ft
$406/Sq Ft Est. Value

Last Sold April 08, 2024

Last sale price $650,000 $377 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,223/month

66 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

About This Home

As of April 2024

Exceptionally clean duplex with a brand new roof, not in a flood zone and in a superb condition! Great long term Section 8 tenants willing to stay. Rents can be increased to $ 2,556 per unit, source: (Miami Dade County Fair Market Rents). Extra low maintenance costs. CURRENT CAP RATE 7.4%. Great Investment for current market conditions. Showings only with an accepted offer and proof of funds.
PLEASE DO NOT BOTHER TENANTS.

Last Agent to Sell the Property

Fernando Grodsinsky

Bricks International Realty, LLC License #3228894 Listed on: 02/01/2024

Last Buyer's Agent

Marcelo Notaroberto

NEXXOS REALTY LLC License #3195943

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,366

Year Built

  • Built in 1959

Lot Details

  • 6,273

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Substantially Remodeled
  • Shingle Roof

Interior Spaces

  • 1,724 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $61,344
  • Rent includes gardener, trash collection, water
  • Assessor Parcel Number 30-22-32-003-0360

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Biscayne Blvd Park Condos
  • Biscayne Blvd Park Subdivision

Building Details

  • Net Operating Income $51,133

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,366

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: BISCAYNE BLVD PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 1724
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BISCAYNE BLVD PARK
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-22-32-003-0360
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Trash Collection, Water

Multi Family

  • Net Operating Income: 51133
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Total Actual Rent: 61344

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6366

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 8, 2024
Sold by
Edugrod Investments Llc
Bought by
Delvalle Mary Jo Negron
Seller's Agent
Fernando Grodsinsky
Bricks International Realty, LLC
Buyer's Agent
Marcelo Notaroberto
NEXXOS REALTY LLC
List Price
$690,000
Sold Price
$650,000
Premium/Discount to List
-$40,000
-5.8%
Views
37
Current Estimated Value
$699,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,250
Avg. Annual Appreciation
4.29%
Original Mortgage
$617,500
Outstanding Balance
$608,378
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$90,872

Purchase Details

Listed on
May 23, 2017
Closed on
Apr 11, 2018
Sold by
Bmi Management Llc
Bought by
Edugrod Investments Llc
Seller's Agent
Giovanna Palacio
Giovanna Palacio
Buyer's Agent
Landrich Real Estate, Inc.
List Price
$288,000
Sold Price
$295,000
Premium/Discount to List
$7,000
2.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.10%

Purchase Details

Closed on
Sep 15, 2010
Sold by
1165 Ne 113 Street Llc
Bought by
Bmi Management Llc

Purchase Details

Closed on
Jul 16, 2007
Sold by
Finney Andrew
Bought by
1165 Ne 113 Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
13%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 4, 2002
Sold by
Daniel Fertilien I
Bought by
Finney Andrew

Purchase Details

Closed on
Feb 25, 2002
Sold by
Andrew Finney I
Bought by
Fertilien Daniel

Purchase Details

Closed on
Dec 21, 2001
Sold by
Arthur Lambrigt Jr I
Bought by
Finney Andrew

Purchase Details

Closed on
Oct 30, 2001
Sold by
Daniel Fertilien I
Bought by
Finney Andrew

Purchase Details

Closed on
Oct 22, 2001
Sold by
Daniel Fertilien I
Bought by
Lambright Arthur

Purchase Details

Closed on
Mar 1, 1999
Sold by
Jgm Inc
Bought by
Fertilien Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
6.84%

Purchase Details

Closed on
Oct 23, 1998
Sold by
Wayne H Wagie Tr
Bought by
Jgm Inc
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
Delvalle Mary Jo Negron $650,000 Affiliated Title Services
Edugrod Investments Llc $295,000 Attorney
Bmi Management Llc $75,000 None Available
1165 Ne 113 Street Llc $210,000 Barrister Title
Finney Andrew -- --
Fertilien Daniel -- --
Finney Andrew $100 --
Finney Andrew $100 --
Lambright Arthur $1,000 --
Fertilien Daniel $87,000 --
Jgm Inc $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delvalle Mary Jo Negron $617,500
Previous Owner 1165 Ne 113 Street Llc $215,000
Previous Owner Jgm Inc $77,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2024 04/08/24 Sold $650,000 -5.8% $377 / Sq Ft
02/01/2024 02/01/24 For Sale $690,000 +133.9% $400 / Sq Ft
04/13/2018 04/13/18 Sold $295,000 +2.4% $167 / Sq Ft View Prior Sale
03/14/2018 03/14/18 Pending -- -- --
05/23/2017 05/23/17 For Sale $288,000 -- $163 / 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 $6,791 $452,737 $256,250 $196,487
2024 $6,366 $323,919 -- --
2023 $6,366 $292,672 $0 $0
2022 $5,371 $266,066 $0 $0
2021 $4,803 $241,879 $125,000 $116,879
2020 $4,547 $235,245 $117,500 $117,745
2019 $4,100 $200,827 $82,215 $118,612
2018 $2,917 $165,650 $60,900 $104,750
2017 $2,670 $110,305 $0 $0
2016 $2,455 $100,278 $0 $0
2015 $2,382 $91,162 $0 $0
2014 -- $82,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2024

    Fernando Grodsinsky

    Bricks International Realty, LLC

    (305) 439-9201

    3 in this area

    5 Total Sales

    Fernando Grodsinsky
    Section Image

  • M

    Buyer's Agent in 2024

    Marcelo Notaroberto

    NEXXOS REALTY LLC

    (305) 992-2210

    3 in this area

    30 Total Sales

    Marcelo Notaroberto
    Section Image

  • G

    Seller's Agent in 2018

    Giovanna Palacio

    Giovanna Palacio

  • Yehuda Chelminsky

    Buyer's Agent in 2018

    Yehuda Chelminsky

    Landrich Real Estate, Inc.

    (954) 990-8815

    5 Total Sales

    Yehuda Chelminsky
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11524926

MIAMI REALTORS® MLS

APN: 30-2232-003-0360

Florida Miami/Dade County Miami 33161

1165 NE 113th St, Miami, FL

Not Listed for Sale

MultiFamily

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