NOT LISTED FOR SALE

Estimated Value: $401,000 - $457,000

2 Beds
1 Bath
1,077 Sq Ft
$389/Sq Ft Est. Value

Last Sold October 27, 2016

Last sale price $155,000 $144 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $2,517/month

255 Days on Market

Highlights

  • Waterfront
  • Patio
  • Outdoor Grill
  • Porch
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of October 2016

DUPLEX 2 BED 1 BATH W/CENTRAL A/C. HUGE BACKYARD, NEW WATER HEATHER, SAME TENANT 14 YRS, RENTED FOR $1099 OTHER SIDE EFFICENCY/STUDIO W/ BATHROOM SEPARATE (SECURE TENANT OF 10 YEARS). NEW FRIDGE, NEW STOVE, NEW KITCHEN - NEW ROOF ONLY 3 YEARS OLD! BUYER M UST HONOR THE LEASE. CLOSE TO SHOPPING,BEACH,CASINOS,SUPERMARKETS,RESTAURANTS,AIPORTS, HIGHWAYS AND MUCH MORE ATTRACTIONS.

Last Agent to Sell the Property

Denise Rubin

Coldwell Banker Realty License #0186154 Listed on: 10/20/2012

Coldwell Banker Realty

Last Buyer's Agent

Sajan Thomas

Florida eRealty Inc. License #3305857

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,899

Year Built

  • Built in 1958

Lot Details

  • Waterfront
  • Fenced

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,077 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Outdoor Features

  • Patio
  • Outdoor Grill
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • 2 Units
  • Gracewood No 2 24 33 B Condos
  • Gracewood No 2 24 33 B,Gracewood Subdivision, Gracewood Floorplan

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 514113060850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,899

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1958
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Co List Office Phone: 305-932-6122
  • Directions: GREAT DEAL - DUPLEX-ONE SIDE EFFICENCY/STUDIO W/ BATHROOM SEPARATE (SECURE TENANT OF 10 YEARS). OTHER SIDE 2 BED 1 BATH & MORE
  • Horses: No
  • Inclusions: Other
  • Master Model: GRACEWOOD
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: GRACEWOOD NO 2 24-33 B,Gracewood
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Other, Tile
  • Furnished: Unfurnished
  • Living Area: 1077
  • Possible Use: Primary
  • Stories: 1
  • Window Features: Other Windows

Exterior Features

  • Roof: Barrel Roof
  • Exterior Features: Barbeque, Fruit Trees, Other
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch, Patio
  • Pool Private: No
  • View: No
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GRACEWOOD NO 2 24-33 B
  • Total Parking Spaces: 4

Utilities

  • Sewer: Other
  • Water Source: Other
  • Cooling: Central Air, Electric, Other
  • Cooling Y N: Yes
  • Heating: Central, Electric, Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: None, Other

Lot Info

  • Parcel Number: 514113060850
  • Zoning: RES-COMM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 1899

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2012
Closed on
Oct 27, 2016
Sold by
Varghese Saramma and Varghese Jiby
Bought by
Munsamy Vedram
Seller's Agent
Denise Rubin
Coldwell Banker Realty
Buyer's Agent
Sajan Thomas
Florida eRealty Inc.
List Price
$179,900
Sold Price
$155,000
Premium/Discount to List
-$24,900
-13.84%
Current Estimated Value
$418,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,752
Avg. Annual Appreciation
11.57%
Original Mortgage
$121,600
Outstanding Balance
$98,129
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$308,886

Purchase Details

Listed on
Oct 20, 2012
Closed on
Oct 1, 2016
Bought by
Munsamy Vedram
Seller's Agent
Denise Rubin
Coldwell Banker Realty
Buyer's Agent
Sajan Thomas
Florida eRealty Inc.
List Price
$179,900
Sold Price
$155,000
Premium/Discount to List
-$24,900
-13.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Outstanding Balance
$98,129
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$308,886

Purchase Details

Closed on
Jul 13, 2012
Sold by
Varghese Saramma
Bought by
Varghese Saramma and Varghese Jiby

Purchase Details

Closed on
Feb 27, 2004
Sold by
Elengical Jose and Elengical Aleykutty
Bought by
Varghese Saramma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1998
Sold by
Rosanne Gillis Tr
Bought by
Elengical Jose and Elengical Aleykutty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.92%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 1995
Sold by
Gillis Rosanne
Bought by
Gillis Rosanne
Source: Public Records

Range of Values:

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Average Value
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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
Munsamy Vedram $155,000 None Available
Munsamy Vedram $100 --
Varghese Saramma $29,500 Attorney
Varghese Saramma $135,000 Preferred Title & Escrow Inc
Elengical Jose $60,000 --
Gillis Rosanne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munsamy Vedram $70,000
Open Munsamy Vedram $121,600
Previous Owner Varghese Saramma $108,000
Previous Owner Elengical Jose $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2016 10/27/16 Sold $155,000 -13.8% $144 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
09/30/2016 09/30/16 For Sale $179,900 0.0% $167 / Sq Ft
09/28/2016 09/28/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $179,900 -10.1% $167 / Sq Ft
07/11/2016 07/11/16 Pending -- -- --
01/29/2016 01/29/16 For Sale $200,000 0.0% $186 / Sq Ft
03/21/2013 03/21/13 Rented $1,099 -8.4% --
02/19/2013 02/19/13 Under Contract -- -- --
11/16/2012 11/16/12 For Rent $1,200 -- --
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 $3,525 $171,940 -- --
2024 $3,134 $170,580 -- --
2023 $3,134 $154,500 $0 $0
2022 $2,872 $146,800 $0 $0
2021 $2,749 $138,820 $0 $0
2020 $2,546 $144,040 $0 $0
2019 $2,432 $134,790 $0 $0
2018 $2,291 $132,170 $0 $0
2017 $2,017 $117,480 $0 $0
2016 $2,479 $90,060 $0 $0
2015 $2,279 $81,880 $0 $0
2014 $2,134 $74,440 $0 $0
2013 -- $68,460 $38,890 $29,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1703849

MIAMI REALTORS® MLS

APN: 51-41-13-06-0850