NOT LISTED FOR SALE

1940 NW 51st Terrace Miami, FL 33142

Liberty City Neighborhood

Estimated Value: $361,000 - $435,000

2 Beds
1 Bath
999 Sq Ft
$405/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $165,000 $165 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $2,489/month

115 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System
  • Porch
  • 1-Story Property
  • 1-minute walk to Olinda Park

About This Home

As of June 2018

GRAT HOUSE 2 BEDROOMS AND 1 BATHROOM IN GREAT CONDITIONS ANLL TILE THROUGHOUT, WASHER AND DRYER, SPACIOUS PATIO, FABULOUS LOCATION. CLOSE T MAYOR EXPRESSWAY AND PUBLIC TRANSPORTATION. RENTED UNTIL 11-09-18 PAYING $1400 A MONTH. TENANT PAYS ALL UTILITIES INVESTORS DREAM OVER 8% ROI. BRING OFFERS TODAY. SELLER IS VERY MOTIVATED.PLEASE DO NOT BOTHER TENANTS. APPOINTMENTS ONLY.

Last Agent to Sell the Property

Fabian Melnik

Intertrust Realty Corp. License #3161781 Listed on: 01/31/2018

Last Buyer's Agent

Iliana Abella

Compass Florida, LLC License #0519307

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,814

Year Built

  • Built in 1928

Lot Details

  • 5,500 Sq Ft Lot
  • North Facing Home
  • Property is zoned RU-2

Home Design

  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Family Room
  • Tile Flooring
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Floral Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-3122-052-4960

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,814

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1928
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: TAKE NW 17TH AVE TILL 51ST TERR GO WEST 2 BLOCKS
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: FLORAL PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: First Floor Entry, Family Room
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Possible Use: Investment
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Living Room Features: Family Room

Exterior Features

  • Roof: Composition Roll
  • View: None
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: FLORAL PARK
  • Open Parking: Yes
  • Parking Features: Driveway, Other

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-3122-052-4960
  • Lot Size Sq Ft: 5500
  • Zoning: RU-2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1814

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2021
Sold by
Rodriguez Osvaldo D
Bought by
Lorgeron Nelly
Current Estimated Value
$404,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 31, 2018
Closed on
Jun 8, 2018
Sold by
Ranelagh Llc
Bought by
Rodriguez Osvaldo D
Seller's Agent
Fabian Melnik
Intertrust Realty Corp.
Buyer's Agent
Iliana Abella
Compass Florida, LLC
List Price
$195,000
Sold Price
$165,000
Premium/Discount to List
-$30,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.89%

Purchase Details

Listed on
Sep 12, 2016
Closed on
Oct 13, 2016
Sold by
Lnf Investment Inc
Bought by
Ranelagh Llc
Seller's Agent
Vivian Denyer
Realty World Executive Homes
Buyer's Agent
Fabian Melnik
Intertrust Realty Corp.
List Price
$114,900
Sold Price
$112,500
Premium/Discount to List
-$2,400
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.13%

Purchase Details

Closed on
Mar 28, 2016
Sold by
Silva Candida
Bought by
Lnf Investment Inc

Purchase Details

Closed on
May 14, 2007
Sold by
Dovidio Louis J
Bought by
Gonzalez Pablo and Silva Candida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,450
Interest Rate
6.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 7, 2005
Sold by
Residential Home Buyers Inc
Bought by
Dovidio Louis J
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
Lorgeron Nelly $226,000 Sun City Title Inc
Lorgeron Nelly $226,000 Sun City Title
Rodriguez Osvaldo D $165,000 Sun City Title Inc
Ranelagh Llc $112,500 Excellence Title Agency Inc
Lnf Investment Inc $57,600 None Available
Gonzalez Pablo $144,900 M&M Title Services Inc
Dovidio Louis J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lorgeron Nelly $100,000
Previous Owner Gonzalez Pablo $73,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/08/2018 06/08/18 Sold $165,000 -8.3% $165 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
03/20/2018 03/20/18 Price Changed $180,000 -7.7% $180 / Sq Ft
03/15/2018 03/15/18 For Sale $195,000 0.0% $195 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
01/30/2018 01/30/18 For Sale $195,000 +73.3% $195 / Sq Ft
10/13/2016 10/13/16 Sold $112,500 -2.1% $113 / Sq Ft View Prior Sale
09/27/2016 09/27/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $114,900 -- $115 / 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 $4,442 $267,845 -- --
2024 $4,190 $260,297 -- --
2023 $4,190 $252,716 $162,250 $90,466
2022 $3,877 $196,250 $110,000 $86,250
2021 $3,231 $147,679 $0 $0
2020 $2,878 $134,254 $67,375 $66,879
2019 $2,724 $125,164 $57,750 $67,414
2018 $2,069 $104,768 $40,975 $63,793
2017 $1,815 $75,818 $0 $0
2016 $753 $39,730 $0 $0
2015 $691 $37,575 $0 $0
2014 $673 $35,589 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2018

    Fabian Melnik

    Intertrust Realty Corp.

    (305) 531-4527

    16 Total Sales

    Fabian Melnik
    Section Image
  • Iliana Abella

    Buyer's Agent in 2018

    Iliana Abella

    Compass Florida, LLC

    (305) 505-0488

    71 Total Sales

    Iliana Abella
    Section Image

  • V

    Seller's Agent in 2016

    Vivian Denyer

    Realty World Executive Homes

    (305) 303-0373

    1 in this area

    28 Total Sales

    Vivian Denyer
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10410679

MIAMI REALTORS® MLS

APN: 30-3122-052-4960

Florida Miami/Dade County Miami 33142 Liberty City

1940 NW 51st Terrace, Miami, FL

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