NOT LISTED FOR SALE

1226 SW 74th Ct Miami, FL 33144

Coral Terrace Neighborhood

Estimated Value: $764,000 - $863,000

3 Beds
2 Baths
3,500 Sq Ft
$231/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $630,000 $180 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,391/month

9 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Flagami Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of February 2023

Calling all investors and those wanting to increase your portfolio. This multi-family home in a well established and centralized neighborhood will be a property you don't want to pass up on. Currently, fully occupied with tenants wanting to stay. Although there are no active leaks, it needs a new roof and interior updates to maximize return on investment. Common area washer and dryer. Two separate storage facilities. Separate meters. The 2/1 unit also has a mother-in-law suite bringing an additional $600/month.

Last Agent to Sell the Property

Judith Leon

Coldwell Banker Realty License #3052570 Listed on: 01/13/2023

Coldwell Banker Realty

Last Buyer's Agent

Judith Leon

Coldwell Banker Realty License #3052570 Listed on: 01/13/2023

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,174

Year Built

  • Built in 1940

Lot Details

  • 0.25

Parking

  • 7 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,500 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Utilities

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

Community Details

  • No Home Owners Association
  • 4 Units
  • Miami Gateway Revised Condos
  • Miami Gateway Revised Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-40-11-022-0850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,174

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Property Sub Type: Duplex
  • Architectural Style: Detached, Ranch
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: MIAMI GATEWAY REVISED
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 3500
  • Possible Use: Investment
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: MIAMI GATEWAY REVISED
  • Total Parking Spaces: 7

Utilities

  • Sewer: Septic Tank
  • Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-40-11-022-0850
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11174

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2023
Sold by
Ga And Vl Investments Llc
Bought by
2Vl 1226 Llc
Current Estimated Value
$809,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,200
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 13, 2023
Closed on
Feb 24, 2023
Sold by
Ramos-Morel Lorna
Bought by
Ga And Vl Investments Llc
Seller's Agent
Judith Leon
Coldwell Banker Realty
Buyer's Agent
Judith Leon
Coldwell Banker Realty
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.92%

Purchase Details

Closed on
Sep 19, 2022
Sold by
Ramos Octavio C
Bought by
Ramos Octavio C

Purchase Details

Closed on
Jun 20, 2020
Sold by
Gongora Mirna
Bought by
Ramos Octavio C
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
2Vl 1226 Llc -- None Listed On Document
Ga And Vl Investments Llc $630,000 --
Ramos Octavio C -- --
Ramos Octavio C -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 2Vl 1226 Llc $484,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2023 02/24/23 Sold $630,000 -3.1% $180 / Sq Ft
01/22/2023 01/22/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $650,000 -- $186 / 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 $11,865 $813,974 -- --
2024 $12,328 $617,817 $370,000 $247,817
2023 $12,328 $615,345 $0 $0
2022 $11,174 $559,405 $0 $0
2021 $9,921 $508,550 $228,937 $279,613
2020 $7,308 $359,035 $104,470 $254,565
2019 $7,120 $347,440 $90,844 $256,596
2018 $6,461 $320,502 $86,552 $233,950
2017 $6,151 $291,847 $0 $0
2016 $5,845 $265,316 $0 $0
2015 $5,282 $241,197 $0 $0
2014 -- $246,043 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Judith Leon

    Seller's Agent in 2023

    Judith Leon

    Coldwell Banker Realty

    (305) 299-2929

    1 in this area

    55 Total Sales

    Judith Leon
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11325115

MIAMI REALTORS® MLS

APN: 30-4011-022-0850

Florida Miami/Dade County Miami 33144 Coral Terrace

1226 SW 74th Ct, Miami, FL

This home is located at 1226 SW 74th Ct, Miami, FL 33144 since 13 January 2023 and is currently estimated at $809,603, approximately $231 per square foot. This property was built in 1940. 1226 SW 74th Ct is a home located in Miami-Dade County with nearby schools including Flagami Elementary School, West Miami Middle School, and South Miami Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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