$660,000
SOLD SEP 6, 2024
-- Bed
-- Bath
2,705 Sq Ft
0.28 Acres

Recently Sold

$244 Per Sq Ft

11% Below List Price

63 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • No Heating
  • High Impact Door
  • Central Air

About This Home

As of September 2024

CASH COW in burgeoning Liberty City! This spacious 2,738 SF mega home on a grand 12,200 SF corner lot is in a fantastic up-and-coming location, adjacent to the new Liberty Square 55-acre master-planned mixed-use neighborhood with residences, arts and culture, health centers, educational facilities, and parks and recreation. The updated original home is currently leased as a fourplex with under market rents, generating an impressive NOI of $61,000 per year—a solid 9-cap, with huge upside! Each “unit” has two bedrooms and one full bathroom, and the property is gated and fenced for ease of mind, with lots of parking and an oversized yard. If you’re looking to increase cashflow or make this your own personal compound, you’ll agree, it’s all upside with this property!

Last Agent to Sell the Property

Richard Zimmerman

Graber Realty Group LLC License #3554027 Listed on: 06/11/2024

Last Buyer's Agent

Sixto Acea

Miami New Realty License #3269425

Miami New Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,994

Year Built

  • Built in 1947

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,705 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • High Impact Door

Utilities

  • Central Air
  • No Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • East Liberty City Homesit Condos
  • East Liberty City Homesit Subdivision

Listing and Financial Details

  • Rent includes hot water
  • Assessor Parcel Number 01-31-14-020-0120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,994

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1947
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: EAST LIBERTY CITY HOMESIT
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Living Area: 2705
  • Possible Use: Investment
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Park Building Name: EAST LIBERTY CITY HOMESIT
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-14-020-0120
  • Zoning: 0104
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Hot Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11994

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Sep 6, 2024
Sold by
1201 Al Llc
Bought by
Melendres And Pujol Inc
Seller's Agent
Richard Zimmerman
Graber Realty Group LLC
Buyer's Agent
Sixto Acea
Miami New Realty
List Price
$740,000
Sold Price
$660,000
Premium/Discount to List
-$80,000
-10.81%
Views
51
Current Estimated Value
$689,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,979
Avg. Annual Appreciation
5.12%

Purchase Details

Closed on
Nov 10, 2019
Sold by
Toscana Group Llc
Bought by
1201 Al Llc

Purchase Details

Listed on
Jul 9, 2016
Closed on
Jan 18, 2017
Sold by
Mcmorrow Christopher and Soffer Rock
Bought by
Toscana Group Llc
Seller's Agent
Ivo Vassilev
Ivo Vassilev PA
Buyer's Agent
Ivo Vassilev
Ivo Vassilev PA
List Price
$149,000
Sold Price
$130,000
Premium/Discount to List
-$19,000
-12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.68%

Purchase Details

Closed on
Jun 9, 2015
Sold by
Sippio Linda
Bought by
Mcmorrow Christopher

Purchase Details

Closed on
Apr 19, 2007
Sold by
Taveras Alfredo R and Taveras Gloria
Bought by
Sippio Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
8.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 2007
Sold by
Taveras Alfredo R and Taveras Gloria
Bought by
Taveras Alfredo and Taveras Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
8.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 16, 2004
Sold by
Va
Bought by
Taveras Alfredo R and Taveras Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.97%
Mortgage Type
Stand Alone First
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $660,000 All Home Title
Quit Claim Deed -- None Available
Warranty Deed $130,000 Attorney
Deed $55,800 --
Warranty Deed $310,000 Absolute Title Llc
Interfamily Deed Transfer -- Attorney
Special Warranty Deed $125,000 Watson Title Insurance Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 New Conventional
Previous Owner $310,000 Unknown
Previous Owner $120,000 Credit Line Revolving
Previous Owner $85,000 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Sold $660,000 -2.2% $244 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
07/22/2024 07/22/24 Price Changed $675,000 -8.8% $250 / Sq Ft
06/12/2024 06/12/24 For Sale $740,000 +469.2% $274 / Sq Ft
01/19/2017 01/19/17 Sold $130,000 -6.5% $36 / Sq Ft
01/01/2017 01/01/17 Pending -- -- --
10/11/2016 10/11/16 Price Changed $139,000 -0.7% $39 / Sq Ft
09/23/2016 09/23/16 Price Changed $139,999 -6.0% $39 / Sq Ft
09/08/2016 09/08/16 Price Changed $148,999 0.0% $41 / Sq Ft
08/26/2016 08/26/16 For Sale $149,000 0.0% $41 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
07/19/2016 07/19/16 Price Changed $149,000 -0.7% $41 / Sq Ft
07/15/2016 07/15/16 Price Changed $149,999 +900.1% $42 / Sq Ft
07/14/2016 07/14/16 Price Changed $14,999 -90.6% $4 / Sq Ft
07/09/2016 07/09/16 For Sale $159,999 -- $44 / 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
2024 $11,994 $568,104 -- --
2023 $11,994 $516,459 $0 $0
2022 $10,691 $469,509 $0 $0
2021 $9,499 $426,827 $0 $0
2020 $8,644 $388,025 $122,738 $265,287
2019 $5,850 $366,653 $98,190 $268,463
2018 $2,820 $116,499 $70,574 $45,925
2017 $2,806 $106,045 $0 $0
2016 $3,435 $139,976 $0 $0
2015 $2,894 $106,697 $0 $0
2014 $2,658 $96,998 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11605319

MIAMI REALTORS® MLS

APN: 01-3114-020-0120