NOT LISTED FOR SALE

1503 NW 8th Terrace Miami, FL 33125

Little Havana Neighborhood

Estimated Value: $888,250 - $1,157,000

6 Beds
3 Baths
2,660 Sq Ft
$388/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $525,000 $197 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $6,660/month

63 Days on Market

Highlights

  • 1 Bedroom Guest House
  • 11,119 Sq Ft lot
  • Room in yard for a pool
  • Sitting Area In Primary Bedroom
  • Two Primary Bathrooms
  • 1-minute walk to Oakland Grove Mini Park

About This Home

As of August 2019

Contract & Appraised $535,000. Closed $525K w/1% BCC facilitated Loan Closing conditions. GROVE PARK Classic Miami by Marlins Pk, Miami River, 8th St, 836, 195 & I-95, MIA Int'l, Bright-Line, Tri-Rail, Bayside, Seaport, Beaches, Civic, Hosp, Court, Govt & DT Ctrs. A 2-Story 1924 Classic 3,020 SF LA; 3,430 SF Tot. Dbl cor lot 11,119 SF. Huge rooms w/Vol Ceilings! 1st Flr step-up to Veranda, enter Salon w/fireplace. A big Fam Rm adjoins both w/ample natural light. Continue to Eat-In Country Kitchen w/Butcher Block Counters & Isl Prep table. Off the Kitchen is 1 Bed + Den & Bath. Thru the Breezeway is 1/1 "Granny" Flat. 2nd Flr 3 Huge Beds + Den & big Bath. Matchstick Hard-Wood Flrs abound, some tile & carpet. Value+ is the Lot to maybe develop Single or Multi-Family home on approx 5,000 SF

Last Agent to Sell the Property

Steven Epstein

The Keyes Company License #0348217 Listed on: 05/24/2019

The Keyes Company

Last Buyer's Agent

CASANDRA ECHEMENDIA

United Real Estate Miami License #0702053

United Real Estate Miami

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,696

Year Built

  • Built in 1924

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 101x110
  • South Facing Home
  • Fenced
  • Property is zoned 0100

Home Design

  • Old Spanish Architecture
  • Composition Roof
  • Built-Up Roof

Interior Spaces

  • 2,660 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Single Hung Wood Windows
  • Family Room
  • Formal Dining Room
  • Den
  • Garden Views
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Studio bedroom
  • Two Primary Bathrooms
  • 3 Full Bathrooms
  • Jetted Tub and Shower Combination in Primary Bathroom

Parking

  • Driveway
  • On-Street Parking
  • Open Parking

Outdoor Features

  • Room in yard for a pool
  • Porch

Additional Homes

  • 1 Bedroom Guest House
  • One Bathroom Guest House

Schools

  • Citrus Grove Elementary And Middle School
  • Miami Jackson High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Grove Park,Miami River Area Subdivision, 1924 Classic Floorplan

Listing and Financial Details

  • Assessor Parcel Number 01-31-35-016-0940

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,696

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1924
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Old Spanish
  • Directions: BY APPT Only, Public Call Agent. Brokers/Agents use Showing Time. Mon-Fri 11 am - 7 pm Only. SAT please request by Thursday, Sun showings please request by Friday, Showings 11 am - 7 pm Only, Thank you. USE GPS 1503 NW 8 Ter Miami FL 33125
  • Garage Yn: No
  • Horses: No
  • Lot Size: 101x110
  • Master Model: 1924 Classic
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: GROVE PARK,Miami River Area
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_GuestHouseDescription: 1 Bath, 1 Bedroom
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, 3 Bedroom Split, Volume Ceilings, Den/Library/Office, Family Room
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 2660
  • Possible Use: Primary
  • Window Features: Single Hung Wood
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Master Bedroom, Master Bedroom Upstairs, Studio
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining, Kitchen Dining
  • Living Room Features: Den/Library/Office, Family Room
  • Master Bathroom Features: 2 Master Bathrooms, Combination Tub & Shower, Shower Only

Exterior Features

  • Roof: Built-Up, Composition Roll, Other
  • View: Garden
  • Exterior Features: Room For Pool
  • Direction Faces: South
  • Disclosures: Disclosure
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: GROVE PARK
  • Open Parking: Yes
  • Parking Features: Driveway, Other, On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road, Sidewalks

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Citrus Grove
  • High School: Miami Jackson
  • Middle Or Junior School: Citrus Grove

Lot Info

  • Parcel Number: 01-31-35-016-0940
  • Lot Size Sq Ft: 11119
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3696

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Aug 30, 2019
Sold by
Zarkanchenko Luz C
Bought by
Bernal Sergio and Betancourt Jorge
Seller's Agent
Steven Epstein
The Keyes Company
Buyer's Agent
CASANDRA ECHEMENDIA
United Real Estate Miami
List Price
$545,000
Sold Price
$525,000
Premium/Discount to List
-$20,000
-3.67%
Current Estimated Value
$1,031,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,063
Avg. Annual Appreciation
11.89%
Original Mortgage
$420,000
Outstanding Balance
$369,433
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$661,630

Purchase Details

Closed on
Jul 2, 2008
Sold by
Zarkanchenko Luz Colombia and Gonzalez Ernesto
Bought by
Zarkanchenko Luz C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
4.21%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jan 20, 2008
Sold by
Gonzalez Ernesto and Zarkanchenko Luz Colombia
Bought by
Gonzalez Ernesto and Zarkanchenko Luz Colombia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.94%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 7, 2005
Sold by
Gonzalez Ricardo and Gonzalez Ernesto
Bought by
Gonzalez Ernesto and Zarkanchenko Luz Colombia

Purchase Details

Closed on
Dec 6, 2002
Sold by
Zarkanchenko Luz Colombia
Bought by
Gonzalez Ricardo and Gonzalez Ernesto

Purchase Details

Closed on
Dec 11, 1998
Sold by
Gonzalez Jafet E
Bought by
Zarkanchenko Luz C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,600
Interest Rate
6.84%
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
Bernal Sergio $525,000 Express Title Svcs Group Inc
Zarkanchenko Luz C -- Guaranty Trust & Title South
Gonzalez Ernesto -- None Available
Gonzalez Ernesto -- None Available
Gonzalez Ricardo -- --
Zarkanchenko Luz C $97,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bernal Sergio $420,000
Previous Owner Zarkanchenko Luz C $544,185
Previous Owner Zarkanchenko Luz Colombia $105,000
Previous Owner Zarkanchenko Luz C $97,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $525,000 -3.7% $197 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $545,000 -- $205 / 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 $13,023 $656,977 -- --
2024 $12,594 $597,252 -- --
2023 $12,594 $542,957 $0 $0
2022 $11,042 $493,598 $0 $0
2021 $9,914 $448,726 $272,124 $176,602
2020 $9,725 $438,750 $272,124 $166,626
2019 $3,875 $236,807 $0 $0
2018 $3,696 $232,392 $0 $0
2017 $3,648 $227,613 $0 $0
2016 $3,432 $212,718 $0 $0
2015 $3,469 $211,240 $0 $0
2014 $3,509 $209,564 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steven Epstein

    Seller's Agent in 2019

    Steven Epstein

    The Keyes Company

    (305) 546-5132

    19 Total Sales

    Steven Epstein
    Section Image
  • CASANDRA ECHEMENDIA

    Buyer's Agent in 2019

    CASANDRA ECHEMENDIA

    United Real Estate Miami

    (786) 287-8844

    1 in this area

    44 Total Sales

    CASANDRA ECHEMENDIA
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10675964

MIAMI REALTORS® MLS

APN: 01-3135-016-0940

Florida Miami/Dade County Miami 33125 Little Havana

1503 NW 8th Terrace, Miami, FL

This home is located at 1503 NW 8th Terrace, Miami, FL 33125 since 24 May 2019 and is currently estimated at $1,031,063, approximately $387 per square foot. This property was built in 1924. 1503 NW 8th Terrace is a home located in Miami-Dade County with nearby schools including Citrus Grove Elementary School, Citrus Grove 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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