NOT LISTED FOR SALE

Estimated Value: $521,725 - $626,000

6 Beds
3 Baths
2,310 Sq Ft
$252/Sq Ft Est. Value

Last Sold August 05, 2020

Last sale price $368,000 $159 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,881/month

22 Days on Market

Highlights

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

About This Home

As of August 2020

Great opportunity to own this positive cash flow triplex property. Fully occupied with great tenants. The units have a great layout and size. All units feature 2 bedrooms 1 bath and private backyard area.

Last Listed By

Rogerlee Vidal

Navigate Real Estate, LLC. License #3223119 Listed on: 06/09/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,389

Year Built

  • Built in 1975

Lot Details

  • 0.29

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Flat Roof with Façade front

Interior Spaces

  • 2,310 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 3 Units
  • Royal Palm Estates 2 Condos
  • Royal Palm Estates 2 Subdivision

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 00424335110150020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,389

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1975
  • Property Sub Type: Triplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: ROYAL PALM ESTATES 2
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2310
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Flat Roof With Facade Front
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ROYAL PALM ESTATES 2
  • Total Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • 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: 00424335110150020
  • Zoning: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6389

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Aug 5, 2020
Sold by
Ramirez Orfelina and Ramirez Orfelina
Bought by
Gallego Mario F
Seller's Agent
Rogerlee Vidal
Navigate Real Estate, LLC.
List Price
$360,000
Sold Price
$368,000
Premium/Discount to List
$8,000
2.22%
Total Days on Market
22
Current Estimated Value
$582,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,931
Avg. Annual Appreciation
9.93%
Original Mortgage
$276,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2017
Sold by
Diaz Marino
Bought by
Ramirez Orfelina and Diaz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,625
Interest Rate
4.16%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 2017
Sold by
Ramirez Orfelina and The Estate Of Marino Diaz
Bought by
Ramirez Orfelina and Diaz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,625
Interest Rate
4.16%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2013
Sold by
Prada Fernando and Prada Rebeca
Bought by
Diaz Marino

Purchase Details

Closed on
Apr 29, 2005
Sold by
Foriere Roberto and Foriere Greta
Bought by
Prada Fernando and Prada Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,400
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2001
Sold by
Frances Quitoni I
Bought by
Foriere Roberto and Foriere Greta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 1994
Sold by
Rodriguez Marilyn
Bought by
Quitoni Dominic and Quitoni Frances
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
Gallego Mario F $368,000 Attorney
Ramirez Orfelina -- Attorney
Ramirez Orfelina -- Attorney
Diaz Marino $98,200 None Available
Prada Fernando $338,000 Flagler Title Company
Foriere Roberto $100,000 --
Quitoni Dominic $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallego Mario F $100,000
Open Gallego Mario F $324,000
Closed Gallego Mario F $276,000
Previous Owner Ramirez Orfelina $152,625
Previous Owner Prada Fernando J $21,900
Previous Owner Prada Fernando $270,400
Previous Owner Foriere Roberto $122,500
Previous Owner Foriere Roberto $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2020 08/05/20 Sold $368,000 +2.2% $159 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $360,000 -2.2% $156 / Sq Ft
06/12/2020 06/12/20 Off Market $368,000 -- --
06/09/2020 06/09/20 For Sale $360,000 -- $156 / 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
2024 $7,488 $423,309 -- --
2023 $7,666 $433,850 $183,000 $250,850
2022 $7,783 $364,064 $0 $0
2021 $7,233 $330,967 $132,000 $198,967
2020 $6,724 $300,292 $132,000 $168,292
2019 $6,392 $276,337 $132,000 $144,337
2018 $5,818 $257,648 $116,944 $140,704
2017 $4,795 $218,667 $77,963 $140,704
2016 $4,425 $173,867 $0 $0
2015 $4,189 $158,061 $0 $0
2014 $4,036 $147,987 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10873225

MIAMI REALTORS® MLS

APN: 00-42-43-35-11-015-0020