NOT LISTED FOR SALE

Estimated Value: $489,000 - $583,000

2 Beds
2 Baths
1,250 Sq Ft
$418/Sq Ft Est. Value

Last Sold January 04, 2013

Last sale price $118,000 $94 Per Sq Ft

Est. 343% increase in value since last sale

Current estimated payment $3,284/month

2 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Jalousie or louvered window
  • Terrazzo Flooring
  • 1-Story Property

About This Home

As of January 2013

DON'T MISS THIS OPPORTUNITY TO ACQUIRE THIS GREAT INVESTMENT PROPERTY. DECENT SIZE DUPLEX W/ 1 BED/1BATH ON EACH SIDE. CLEAN & FRESHLY PAINTED AND WELL MAINTAINED. POLISH TERRAZZO FLOORING IN THE UNITS. TWO METERS, ONE PER UNIT. GRI 18,000. CAP RATE 10%. NOI 12,000. GREAT RENTAL COMMUNITY. UNITS BECAME VACANT ON DECEMBER 1ST. AN EXECUTED EXCLUSIVE RIGHT TO LEASE AGREEMENT WITH OWNER TO FIND QUALIFIED TENANT IN UNIT #1. MINUTES AWAY FROM DOWNTOWN HOLLYWOOD, SHOPPING, AIRPORT AND BEACHES. MUST SEE PROPERTY!

Last Agent to Sell the Property

Dodley Emmanuel

MMLS Assoc.-Inactive Member License #3261944 Listed on: 12/03/2012

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Dodley Emmanuel

MMLS Assoc.-Inactive Member License #3261944 Listed on: 12/03/2012

MMLS Assoc.-Inactive Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,163

Year Built

  • Built in 1959

Lot Details

  • 4,879

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Frame Construction
  • Tar and Gravel Roof
  • Composition Roof
  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,250 Sq Ft Home
  • 1-Story Property
  • Jalousie or louvered window
  • Terrazzo Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $18,000
  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 514210450040

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Marbar Estates 43 12 B Condos
  • Marbar Estates 43 12 B Subdivision

Building Details

  • Operating Expense $5,053
  • Net Operating Income $12,049

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,163

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Directions: MAP QUEST
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: MARBAR ESTATES 43-12 B
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Terrazzo
  • Living Area: 1250
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Jalousie

Exterior Features

  • Roof: Composition Roll, Flat Tile, Tar & Gravel Roof
  • Construction Type: CBS Construction, Frame
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MARBAR ESTATES 43-12 B
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514210450040
  • Zoning: MULTI
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 12049
  • Number Of Units In Community: 4
  • Number Of Units Total: 2
  • Annual Operating Expense: 5053
  • Total Actual Rent: 18000

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 2163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2015
Sold by
Aranibar Claudia
Bought by
Aranibar Claudia and Zullo Andrew
Current Estimated Value
$522,517

Purchase Details

Listed on
Dec 3, 2012
Closed on
Jan 3, 2013
Sold by
Leaman Norma C
Bought by
Aranibar Claudia
Seller's Agent
Dodley Emmanuel
MMLS Assoc.-Inactive Member
Buyer's Agent
Dodley Emmanuel
MMLS Assoc.-Inactive Member
List Price
$120,000
Sold Price
$118,000
Premium/Discount to List
-$2,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.73%

Purchase Details

Closed on
Feb 1, 2011
Sold by
Leaman Norma C and Johnson Sarah Craig
Bought by
Leaman Norma C

Purchase Details

Closed on
Oct 3, 2006
Sold by
Leaman Norma C
Bought by
Leaman Norma C and Johnson Sarah Craig

Purchase Details

Closed on
Mar 27, 1997
Sold by
Glover Harry
Bought by
First Tarek Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.69%
Mortgage Type
Commercial
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
Aranibar Claudia -- None Available
Aranibar Claudia $118,000 Attorney
Leaman Norma C -- None Available
Leaman Norma C -- None Available
First Tarek Inc $105,000 --
Glover Harry $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glover Harry $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2013 01/04/13 Sold $118,000 -1.7% $94 / Sq Ft
12/05/2012 12/05/12 Pending -- -- --
12/03/2012 12/03/12 For Sale $120,000 -- $96 / 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 $6,282 $248,550 -- --
2024 $5,457 $248,550 -- --
2023 $5,457 $205,420 $0 $0
2022 $4,745 $186,750 $0 $0
2021 $4,592 $169,780 $0 $0
2020 $4,246 $221,610 $58,740 $162,870
2019 $3,946 $198,720 $58,740 $139,980
2018 $3,485 $169,880 $58,740 $111,140
2017 $2,925 $115,980 $0 $0
2016 $2,716 $105,440 $0 $0
2015 $2,509 $95,860 $0 $0
2014 $2,380 $88,950 $0 $0
2013 -- $87,160 $58,740 $28,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1719930

MIAMI REALTORS® MLS

APN: 51-42-10-45-0040