NOT LISTED FOR SALE

1202 N Krome Ave Homestead, FL 33030

Modello Neighborhood

Estimated Value: $1,606,309

12 Beds
12 Baths
7,290 Sq Ft
$220/Sq Ft Est. Value

Last Sold July 02, 2018

Last sale price $700,000 $96 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $9,178/month

232 Days on Market

About This Home

As of July 2018

Cozy 11 unit motel with a 2 bedroom 1 bath apt. Most renters extended stay for over 6 months. Steady Income. Central Location.

Last Agent to Sell the Property

Lourdes Cuenca

The Real Estate Firm Inc License #3296426 Listed on: 10/28/2017

Last Buyer's Agent

Miriam Arias

Miami New Realty License #3392980

Miami New Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,778

Lot Details

  • 7,290 Sq Ft Lot

Home Design

Utilities

  • Phone Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ponce De Leon Condos
  • Ponce De Leon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10-78-12-007-1290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,778

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Income/MultiFamily
  • Horses: No
  • Lot Size Acres: 0.1
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Subdivision Name: PONCE DE LEON
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Investment, None

Exterior Features

  • Lot Features: Central Business District, 1-2.5 Acres
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PONCE DE LEON

Utilities

  • Sewer: Other
  • Water Source: Municipal Water
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 10-78-12-007-1290
  • Current Use: Unimproved Hotel/Motel, Income (Other)
  • Lot Size Sq Ft: 7290
  • Zoning: 6300
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 9778

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2017
Closed on
Jun 2, 2018
Sold by
A S A P Investments Group Llc
Bought by
Parsley Enterprises Inc
Seller's Agent
Lourdes Cuenca
The Real Estate Firm Inc
Buyer's Agent
Miriam Arias
Miami New Realty
List Price
$849,999
Sold Price
$700,000
Premium/Discount to List
-$149,999
-17.65%
Current Estimated Value
$1,606,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$906,309
Avg. Annual Appreciation
12.00%
Original Mortgage
$250,000
Outstanding Balance
$216,692
Interest Rate
4.6%
Mortgage Type
Stand Alone First
Estimated Equity
$1,389,617

Purchase Details

Closed on
Apr 16, 2015
Sold by
Lezama Delia A
Bought by
A S A P Investments Group Llc

Purchase Details

Closed on
Feb 14, 2007
Sold by
Bel Air Motel Inc
Bought by
Lezama Delia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2003
Sold by
Lopez Jose E and Lopez Barbara
Bought by
Bel Airmotel Inc
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
Parsley Enterprises Inc $700,000 Attorney
A S A P Investments Group Llc -- None Available
Lezama Delia A $750,000 Attorney
Bel Airmotel Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parsley Enterprises Inc $250,000
Previous Owner Lezama Delia A $489,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2018 07/02/18 Sold $700,000 -12.5% $96 / Sq Ft
01/18/2018 01/18/18 Price Changed $799,999 -5.9% $110 / Sq Ft
09/28/2017 09/28/17 For Sale $849,999 -- $117 / 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 $9,238 $450,000 $437,400 $12,600
2024 $9,544 $440,000 $364,500 $75,500
2023 $9,544 $407,100 $218,700 $188,400
2022 $8,701 $418,000 $0 $0
2021 $8,365 $380,000 $109,350 $270,650
2020 $9,613 $435,000 $94,770 $340,230
2019 $9,648 $435,000 $72,900 $362,100
2018 $9,478 $435,000 $65,610 $369,390
2017 $9,597 $435,000 $0 $0
2016 $9,778 $435,000 $0 $0
2015 $6,676 $263,399 $0 $0
2014 $6,546 $239,454 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lourdes Cuenca

    Seller's Agent in 2018

    Lourdes Cuenca

    The Real Estate Firm Inc

    (305) 502-2675

    26 Total Sales

    Lourdes Cuenca
    Section Image

  • M

    Buyer's Agent in 2018

    Miriam Arias

    Miami New Realty

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10363743

MIAMI REALTORS® MLS

APN: 10-7812-007-1290

Florida Miami/Dade County Homestead 33030 Modello

1202 N Krome Ave, Homestead, FL

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