NOT LISTED FOR SALE

1504 NE 118th St Miami, FL 33161

Estimated Value: $561,000 - $638,000

2 Beds
2 Baths
1,578 Sq Ft
$384/Sq Ft Est. Value

Last Sold March 03, 2020

Last sale price $340,000 $215 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,864/month

45 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of March 2020

Attention investors.
This triplex is in a duplex zone.
The public records has it as a single family home.
Two separate electricity meters.
One unit is occupied, unit B. That is off limits until the inspection period. The 2/1 and 1/1 are on lockbox.
Great Return.

Remodeled kitchen, remodeled bathrooms.

Last Agent to Sell the Property

Carlos Martell

EXP Realty LLC License #3087253 Listed on: 12/24/2019

EXP Realty LLC

Last Buyer's Agent

Lawrence Ligonde

Total Stop Inc License #0680822

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,046

Year Built

  • Built in 1937

Lot Details

  • 7,187

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,578 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 3 Units
  • Biscayne Court Condos
  • Biscayne Court Subdivision

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 30-22-32-020-0190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,046

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1937
  • Property Sub Type: Triplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: BISCAYNE COURT
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1578
  • Possible Use: Investment
  • 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: BISCAYNE COURT
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-22-32-020-0190
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2046

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2019
Closed on
Feb 28, 2020
Sold by
Khan Ayub
Bought by
Morency Gary and Dorvilus Marie Veronique
Seller's Agent
Carlos Martell
EXP Realty LLC
Buyer's Agent
Lawrence Ligonde
Total Stop Inc
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%
Current Estimated Value
$620,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,418
Avg. Annual Appreciation
10.18%
Original Mortgage
$272,000
Outstanding Balance
$240,895
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$365,580

Purchase Details

Listed on
May 26, 2015
Closed on
Jun 19, 2015
Sold by
Hit Promociones Inc
Bought by
Khan Ayub
Seller's Agent
Ernesto Curcio
Earth Realty Group
Buyer's Agent
Ernesto Curcio
Earth Realty Group
List Price
$189,000
Sold Price
$150,000
Premium/Discount to List
-$39,000
-20.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.97%

Purchase Details

Listed on
Sep 9, 2011
Closed on
Aug 20, 2012
Sold by
Saavedra Marco
Bought by
Hit Promociones Inc
Seller's Agent
Julian Bernilla
Josly Realty
Buyer's Agent
Victoria Dupuy
MMLS Assoc.-Inactive Member
List Price
$190,000
Sold Price
$74,500
Premium/Discount to List
-$115,500
-60.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.06%

Purchase Details

Closed on
Apr 7, 2005
Sold by
Bustamante Moises
Bought by
Saavedra Marco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
5.98%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 31, 2003
Sold by
Nimroozi Bagher
Bought by
Bustamante Moises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,869
Interest Rate
5.89%
Mortgage Type
FHA
Source: Public Records
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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
Morency Gary $340,000 Homeclo Title And Escrow Inc
Khan Ayub $150,000 G & M Title Services Inc
Hit Promociones Inc $74,500 Attorney
Saavedra Marco $212,000 --
Bustamante Moises $141,000 Deluxe Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morency Gary $272,000
Previous Owner Saavedra Marco $190,800
Previous Owner Bustamante Moises $139,869
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/03/2020 03/03/20 Sold $340,000 -2.6% $215 / Sq Ft
01/02/2020 01/02/20 Price Changed $349,000 -0.3% $221 / Sq Ft
12/30/2019 12/30/19 Price Changed $350,000 -1.4% $222 / Sq Ft
12/24/2019 12/24/19 Price Changed $355,000 -1.4% $225 / Sq Ft
12/01/2019 12/01/19 For Sale $360,000 +140.0% $228 / Sq Ft
06/19/2015 06/19/15 Sold $150,000 -20.6% $101 / Sq Ft View Prior Sale
06/11/2015 06/11/15 Pending -- -- --
05/26/2015 05/26/15 For Sale $189,000 +153.7% $127 / Sq Ft
08/20/2012 08/20/12 Sold $74,500 -60.8% $50 / Sq Ft View Prior Sale
05/17/2012 05/17/12 Pending -- -- --
09/09/2011 09/09/11 For Sale $190,000 -- $127 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $7,701 $411,155 -- --
2024 $7,261 $373,778 -- --
2023 $7,261 $339,799 $0 $0
2022 $6,110 $308,909 $0 $0
2021 $5,460 $280,827 $144,044 $136,783
2020 $2,094 $129,269 $0 $0
2019 $2,046 $126,363 $0 $0
2018 $1,942 $124,007 $0 $0
2017 $1,923 $121,457 $0 $0
2016 $1,880 $118,959 $0 $0
2015 $2,611 $117,869 $0 $0
2014 -- $75,172 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10780568

MIAMI REALTORS® MLS

APN: 30-2232-020-0190

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