NOT LISTED FOR SALE

16425 SW 48th Terrace Miami, FL 33185

West Kendall Neighborhood

Estimated Value: $469,000 - $579,000

3 Beds
2.5 Baths
1,753 Sq Ft
$303/Sq Ft Est. Value

Last Sold April 29, 2019

Last sale price $325,000 $185 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,347/month

9 Days on Market

Highlights

  • Lake Front
  • Newly Remodeled
  • Formal Dining Room
  • Dr. Manuel C. Barreiro Elementary School Rated A-
  • Community Pool
  • Converted Garage

About This Home

As of April 2019

Move in ready 3 bedrooms 2.5 bath Lake View Townhouse in the well sought out gated community of Melrose Parc. Big size master bedroom, Stainless Steel appliances in the Kitchen, Tiled floor (no carpet!). The garage that has been converted into a room, but it can be easily converted back into a garage. Amenities include a pool and child's play area, 24 hrs security.

Last Agent to Sell the Property

Rosa Hernandez

MMLS Assoc.-Inactive Member License #3271834 Listed on: 03/13/2019

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Alejandro Gallo

Atlas Realty Company, Inc. License #3422690

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,499

Year Built

  • Built in 2006 | Newly Remodeled

Lot Details

  • Lake Front
  • Fenced

HOA Fees

  • $145 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Converted Garage
  • Guest Parking

Home Design

  • Entry on the 1st floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,753 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Blinds
  • Family Room
  • Formal Dining Room
  • Tile Flooring
  • Lake Views

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Security Fence, Lighting or Alarms
  • Video Cameras

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 30-49-20-020-0740

Community Details

Overview

  • Melrose Parc Condos
  • Park Lakes Sec 3 Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers

Recreation

  • Community Playground
  • Community Pool

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Security Service
  • Card or Code Access
  • Complex Is Fenced
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,499

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0

HOA Fees

$145 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Property Sub Type: Townhouse
  • Directions: Use google Maps or Waze
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse
  • Subdivision Name: PARK LAKES SEC 3
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Walk-In Closet(s), Family Room, Garage Converted
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1753
  • Possible Use: Primary
  • Stories: 2
  • Window Features: Awning, Blinds
  • Bedroom Features: Primary Bedroom Upstairs
  • Dining Room Features: Formal Dining
  • Living Room Features: Family Room, Garage Converted
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Lake, Water View
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Patio And Porch Features: Awning(s), Patio
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MELROSE PARC
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 2 Or More Spaces, Guest, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Complex Fenced, Card Entry, Security Patrol, TV Camera, Unit Alarm

Condo/Co-op/Association

  • Association Fee: 145
  • Amenities: Child Play Area, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 30-49-20-020-0740
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4499

Multi Family

  • Maintenance Expense: 145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Apr 29, 2019
Sold by
Mendoza Lorin
Bought by
Velasquez Luis E and Castrillon Juliana
Seller's Agent
Rosa Hernandez
MMLS Assoc.-Inactive Member
Buyer's Agent
Alejandro Gallo
Atlas Realty Company, Inc.
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
Current Estimated Value
$531,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,623
Avg. Annual Appreciation
7.85%
Original Mortgage
$319,113
Outstanding Balance
$285,533
Interest Rate
5.12%
Mortgage Type
FHA
Estimated Equity
$246,090

Purchase Details

Closed on
May 12, 2016
Sold by
Rodriguez Oliver A Mendoza
Bought by
Mendoza Lorin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
3.59%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 19, 2011
Sold by
Bfg Real Estate Holdings Inc
Bought by
Rodriguez Oliver A Mendoza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.52%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 4, 2011
Sold by
Oliva Idalis
Bought by
Bfg Real Estate Holdings Inc

Purchase Details

Closed on
Jan 30, 2006
Sold by
F Development Llc
Bought by
Oliva Odalis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,980
Interest Rate
6.21%
Mortgage Type
Balloon
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
Velasquez Luis E $325,000 Paragon Title Agency
Mendoza Lorin $230,000 Attorney
Rodriguez Oliver A Mendoza $175,000 Attorney
Bfg Real Estate Holdings Inc $119,600 None Available
Oliva Odalis $180,000 Windsor Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velasquez Luis E $319,113
Previous Owner Mendoza Lorin $147,500
Previous Owner Rodriguez Oliver A Mendoza $95,000
Previous Owner Oliva Odalis $143,980
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2019 04/29/19 Sold $325,000 -3.0% $185 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $335,000 -- $191 / 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 $4,969 $299,289 -- --
2024 $4,716 $290,855 -- --
2023 $4,716 $282,384 $0 $0
2022 $4,532 $274,160 $0 $0
2021 $4,493 $266,175 $0 $0
2020 $4,442 $262,500 $0 $0
2019 $4,752 $239,500 $0 $0
2018 $4,499 $239,500 $0 $0
2017 $4,125 $206,700 $0 $0
2016 $3,827 $182,685 $0 $0
2015 $3,606 $166,078 $0 $0
2014 $3,280 $150,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Rosa Hernandez

    MMLS Assoc.-Inactive Member

    Section Image
  • Alejandro Gallo

    Buyer's Agent in 2019

    Alejandro Gallo

    Atlas Realty Company, Inc.

    (954) 439-2975

    6 Total Sales

    Alejandro Gallo
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10638280

MIAMI REALTORS® MLS

APN: 30-4920-020-0740

Florida Miami/Dade County Miami 33185 West Kendall

16425 SW 48th Terrace, Miami, FL

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