NOT LISTED FOR SALE

1240 NW 31st St Miami, FL 33142

Allapattah Neighborhood

Estimated Value: $393,000 - $657,000

5 Beds
3 Baths
2,264 Sq Ft
$245/Sq Ft Est. Value

Last Sold February 10, 2016

Last sale price $195,100 $86 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $3,645/month

58 Days on Market

Highlights

  • No HOA
  • 5-minute walk to Allapattah
  • 1-Story Property
  • Tile Flooring
  • No Heating

About This Home

As of February 2016

Extremely interesting investment in the heart of Miami this a duplex in great area do not miss this great opportunity for Investors. Employees and family members residing with employees of JPMorgan Chase Bank, N.A., it's affiliates or subsidiaries are str ictly prohibited from directly or indirectly purchasing any property owned by JPMorgan Chase Bank, N.A.

Last Agent to Sell the Property

Michelle Daniels

MMLS Assoc.-Inactive Member License #566609M Listed on: 09/10/2015

Last Buyer's Agent

Donald Shapiro

Compass Florida, LLC License #3232377

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,121

Year Built

  • Built in 1948

Lot Details

  • 6,142

Parking

  • 1 Parking Space

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,264 Sq Ft Home
  • 1-Story Property

Flooring

  • Tile
  • Terrazzo

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • Westend Pk Amd Pl Condos
  • Westend Pk Amd Pl Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 01-31-26-039-1340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,121

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1948
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: WESTEND PK AMD PL
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: 5120
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile
  • Living Area: 2264
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: WESTEND PK AMD PL
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-26-039-1340
  • Zoning: 57/GENER
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 3121

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2015
Sold by
Deutsche Bank National Trust Company
Bought by
Pim Five Corporation
Current Estimated Value
$554,157

Purchase Details

Closed on
Sep 10, 2014
Sold by
Palacios Samuel
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Jan 11, 2007
Sold by
Morales Ernesto and Morales Victoria
Bought by
Palacios Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,200
Interest Rate
7.2%
Mortgage Type
Balloon
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
Pim Five Corporation $195,100 Genesis Title Company
Deutsche Bank National Trust Co $90,000 None Available
Palacios Samuel $254,000 Floridian Home Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palacios Samuel $203,200
Previous Owner Morales Ernesto $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2016 02/10/16 Sold $195,100 +28.4% $86 / Sq Ft
11/05/2015 11/05/15 Pending -- -- --
09/08/2015 09/08/15 For Sale $152,000 -- $67 / 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 $7,790 $353,877 -- --
2024 $7,465 $321,707 -- --
2023 $7,465 $292,461 $0 $0
2022 $6,953 $264,344 $0 $0
2021 $6,290 $240,313 $0 $0
2020 $5,915 $288,947 $115,640 $173,307
2019 $5,441 $260,345 $85,750 $174,595
2018 $5,025 $252,321 $76,440 $175,881
2017 $4,519 $164,139 $0 $0
2016 $4,017 $149,218 $0 $0
2015 $4,363 $162,054 $0 $0
2014 $3,121 $87,305 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Michelle Daniels

    MMLS Assoc.-Inactive Member

    Section Image
  • Donald Shapiro

    Buyer's Agent in 2016

    Donald Shapiro

    Compass Florida, LLC

    (954) 803-9514

    12 Total Sales

    Donald Shapiro
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2172580

MIAMI REALTORS® MLS

APN: 01-3126-039-1340

Florida Miami/Dade County Miami 33142 Allapattah

1240 NW 31st St, Miami, FL

This home is located at 1240 NW 31st St, Miami, FL 33142 since 10 September 2015 and is currently estimated at $554,157, approximately $244 per square foot. This property was built in 1948. 1240 NW 31st St is a home located in Miami-Dade County with nearby schools including Santa Clara Elementary School, Georgia Jones Ayers Middle School, and Miami Jackson 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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