NOT LISTED FOR SALE

Estimated Value: $648,813 - $758,000

2 Beds
2 Baths
1,344 Sq Ft
$513/Sq Ft Est. Value

Last Sold December 28, 2022

Last sale price $465,000 $346 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,643/month

35 Days on Market

Highlights

  • No HOA
  • Jalousie or louvered window
  • Tile Flooring
  • Coral Gables Senior High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

About This Home

As of December 2022

SOLD BY THE CHRIS CAMACHO GROUP
Chris Camacho 786.970.3460
chriscamachomiami@gmail.com
Description:
Great opportunity to own an income producing duplex near Coral Gables and South of SW 8th St. This property consists of two 1 bed - 1 bath units which is situated on a corner lot. Each unit is currently rented on a month to month basis for $1200/mo. Both units have plenty of parking and one of the units has sufficient space on the side yard to fit a boat or RV. This property has great upside since the rents are below market and can be increased with some improvements. If you are looking for an investment in a central location in Miami, this is definitely it. Each unit has its own independent FPL meter. This property is conveniently located close to great shopping.

Last Agent to Sell the Property

Christopher Camacho

EXP Realty, LLC License #0698472 Listed on: 09/26/2022

EXP Realty, LLC

Last Buyer's Agent

Christopher Camacho

EXP Realty, LLC License #0698472 Listed on: 09/26/2022

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,014

Year Built

  • Built in 1954

Lot Details

  • 5,881

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Flat Roof with Façade front
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property
  • Jalousie or louvered window
  • Tile Flooring

Utilities

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

Community Details

  • No Home Owners Association
  • 2 Units
  • Shady Grove Condos
  • Shady Grove Subdivision

Listing and Financial Details

  • Total Actual Rent $2,400
  • Rent includes water
  • Assessor Parcel Number 01-41-09-004-0230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,014

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1954
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: SHADY GROVE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1344
  • Possible Use: Primary
  • Stories: 1
  • Window Features: Jalousie

Exterior Features

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

Garage/Parking

  • Park Building Name: SHADY GROVE
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-09-004-0230
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6014

Multi Family

  • Number Of Units In Community: 2
  • Total Actual Rent: 2400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2022
Closed on
Dec 28, 2022
Sold by
Garcia Eutimio
Bought by
Gomez Julie N and Gomez Benito Daniel
Seller's Agent
Christopher Camacho
EXP Realty, LLC
Buyer's Agent
Christopher Camacho
EXP Realty, LLC
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%
Views
5
Current Estimated Value
$689,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,703
Avg. Annual Appreciation
14.34%
Original Mortgage
$456,577
Outstanding Balance
$443,437
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$222,489
Source: Public Records

Range of Values:

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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
Gomez Julie N $465,000 Consumer Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Julie N $456,577
Previous Owner Garcia Eutimio F $110,799
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $465,000 -6.1% $346 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $495,000 -- $368 / 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 $10,716 $536,971 -- --
2024 $9,883 $488,156 -- --
2023 $9,883 $443,779 $353,100 $90,679
2022 $6,792 $252,706 $0 $0
2021 $6,014 $229,733 $0 $0
2020 $5,820 $294,693 $217,745 $76,948
2019 $5,579 $296,989 $205,975 $91,014
2018 $5,048 $272,528 $176,550 $95,978
2017 $4,587 $156,912 $0 $0
2016 $4,202 $142,648 $0 $0
2015 $3,916 $129,680 $0 $0
2014 $3,434 $117,891 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11274997

MIAMI REALTORS® MLS

APN: 01-4109-004-0230