NOT LISTED FOR SALE

Estimated Value: $808,000 - $1,074,000

3 Beds
2 Baths
2,000 Sq Ft
$463/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $899,000 $450 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,637/month

100 Days on Market

Highlights

  • Deeded Boat Dock
  • In Ground Pool
  • No HOA
  • McNab Elementary School Rated A-
  • Home fronts a canal
  • Tile Flooring

About This Home

As of August 2023

Major price reduction: Rarely available waterfront duplex featuring a pool and 60 feet of ocean access dockage that allows for stern in docks. The pool deck has recently been paved and the dock was replaced in 2018, with two new pilings. One unit is a 2 bedroom and 2 bathroom with updated kitchen and bathrooms. The other unit is a large 1 bedroom and 1 bathroom. The property can be delivered vacant at close, providing flexibility for the buyer in terms of occupancy. The shared patio space, laundry room, central AC and pool with ample parking are attractive features for owners or investors.

Last Agent to Sell the Property

Albert Van Zyl

The Corcoran Group License #3252913 Listed on: 04/10/2023

The Corcoran Group

Co-Listed By

Marcia van Zyl

The Corcoran Group License #3245188

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,937

Year Built

  • Built in 1959

Lot Details

  • 60 Ft Wide Lot
  • Home fronts a canal

Parking

  • 5 Parking Spaces

Home Design

  • Duplex
  • Barrel Roof Shape

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Outdoor Features

  • In Ground Pool
  • Canal Width is 121 Feet or More
  • Deeded Boat Dock

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Cypress Cove Condos
  • Cypress Cove Subdivision

Listing and Financial Details

  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 494306310620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,937

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Co List Office Mls Id: PRUD02
  • Co List Office Phone: 954-449-2700
  • Horses: No
  • Inclusions: Deeded Dock
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: CYPRESS COVE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2000
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Barrel Roof
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Features: In Ground
  • Pool Private: No
  • View: No
  • Waterfront Features: Canal Front, Canal Width 121 Feet Or More
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: CYPRESS COVE
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • 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: 494306310620
  • Zoning: RD-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10937

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2024
Sold by
Garajau Luciano B and Priscyla Herzog
Bought by
Garajau Living Trust and Garajau
Current Estimated Value
$953,793

Purchase Details

Listed on
Apr 10, 2023
Closed on
Aug 3, 2023
Sold by
John Groffo Llc
Bought by
Garajau Luciano B and Garajau Priscyla Herzog
Seller's Agent
Albert Van Zyl
The Corcoran Group
List Price
$999,000
Sold Price
$899,000
Premium/Discount to List
-$100,000
-10.01%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.46%
Original Mortgage
$674,250
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 29, 2021
Closed on
Mar 6, 2022
Sold by
Groffo and Diane
Bought by
John Groffo Llc
Seller's Agent
Jeffrey Mathurin
EXP Realty LLC
Buyer's Agent
Albert Van Zyl
The Corcoran Group
List Price
$750,000
Sold Price
$650,000
Premium/Discount to List
-$100,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.50%
Original Mortgage
$414,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 29, 2021
Closed on
Feb 9, 2022
Sold by
Gill John Edward and Unrecorded Gill Family Revocable Trust
Bought by
Groffo John and Groffo Diane
Seller's Agent
Jeffrey Mathurin
EXP Realty LLC
Buyer's Agent
Albert Van Zyl
The Corcoran Group
List Price
$750,000
Sold Price
$650,000
Premium/Discount to List
-$100,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2019
Sold by
Gill John and Gill Barbara
Bought by
Unrecorded Gill Family Revocable Trust

Purchase Details

Closed on
Apr 30, 2002
Sold by
Haidar George and Haidar Luz C
Bought by
Gill John and Gill Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
6.85%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 1996
Sold by
Devaney Martin
Bought by
Haidar George and Haidar 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
$129,200
Interest Rate
7.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 1986
Sold by
Available Not
Bought by
Available Not
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
Garajau Living Trust -- None Listed On Document
Garajau Luciano B $899,000 Weston Title & Escrow
John Groffo Llc -- Florida Title & Guarantee
Groffo John $650,000 Florida Title & Guarantee
Unrecorded Gill Family Revocable Trust -- Attorney
Gill John $302,500 Homepartners Title Inc
Haidar George $161,500 --
Available Not $107,143 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garajau Luciano B $674,250
Previous Owner John Groffo Llc $414,000
Previous Owner Groffo John $390,000
Previous Owner Gill John $214,000
Previous Owner Gill John $239,270
Previous Owner Gill John $242,000
Previous Owner Haidar George $129,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $899,000 0.0% $450 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
06/29/2023 06/29/23 Price Changed $899,000 -10.0% $450 / Sq Ft
04/10/2023 04/10/23 For Sale $999,000 +53.7% $500 / Sq Ft
02/11/2022 02/11/22 Sold $650,000 -13.3% $325 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $750,000 -- $375 / 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 $16,982 $805,880 $145,840 $660,040
2024 $12,654 $796,040 $145,840 $650,200
2023 $12,654 $575,640 $145,840 $429,800
2022 $10,937 $490,540 $0 $0
2021 $9,653 $445,950 $145,840 $300,110
2020 $9,203 $445,950 $145,840 $300,110
2019 $8,340 $385,900 $145,840 $240,060
2018 $8,609 $428,070 $145,840 $282,230
2017 $7,678 $360,060 $0 $0
2016 $6,962 $327,330 $0 $0
2015 $6,484 $297,580 $0 $0
2014 $6,076 $276,620 $0 $0
2013 -- $262,630 $145,840 $116,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11369493

MIAMI REALTORS® MLS

APN: 49-43-06-31-0620