NOT LISTED FOR SALE

2005 Ali Baba Ave Opa Locka, FL 33054

Rainbow Park Neighborhood

Estimated Value: $410,000 - $552,993

4 Beds
2 Baths
1,200 Sq Ft
$410/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $249,000 $208 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,275/month

105 Days on Market

Highlights

  • No HOA
  • Heating System Mounted To A Wall or Window
  • 5-minute walk to Magnolia Park
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property

About This Home

As of June 2021

Great investment opportunity! Both units are 2 beds/1 bath. Units are currently rented under market value. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month and currently paying.

Last Agent to Sell the Property

Nicole Alvarez

Keller Williams Capital Realty License #3422355 Listed on: 01/25/2021

Keller Williams Capital Realty

Last Buyer's Agent

Andres Ramirez Chacon

United Dream Real Estate License #3263768

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,401

Year Built

  • Built in 1959

Lot Details

  • 5,271

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property

Utilities

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

Community Details

  • No Home Owners Association
  • 2 Units
  • Magnolia Sub Condos
  • Magnolia Sub Subdivision

Listing and Financial Details

  • Total Actual Rent $1,850
  • Rent includes rent incl
  • Assessor Parcel Number 08-21-22-003-1400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,401

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: MAGNOLIA SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Other
  • Living Area: 1200
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MAGNOLIA SUB
  • 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: 08-21-22-003-1400
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4401

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Total Actual Rent: 1850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2023
Sold by
Petanque Miami Llc
Bought by
Ontario 7474 Llc
Current Estimated Value
$492,248

Purchase Details

Listed on
Jan 25, 2021
Closed on
Jun 18, 2021
Sold by
5236 Pembroke Inc
Bought by
Petanque Miami Llc
Seller's Agent
Nicole Alvarez
Keller Williams Capital Realty
Buyer's Agent
Andres Ramirez Chacon
United Dream Real Estate
List Price
$259,000
Sold Price
$249,000
Premium/Discount to List
-$10,000
-3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.97%

Purchase Details

Closed on
Apr 12, 2019
Sold by
Kpc Investments Inc
Bought by
5236 Pembroke Inc

Purchase Details

Closed on
May 10, 2017
Sold by
Puran Hetram
Bought by
Kpc Investments Inc

Purchase Details

Closed on
Oct 23, 2006
Sold by
Harper Marshall
Bought by
Puran Hetram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
6.45%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 9, 2005
Sold by
Jackson Melvin and East Michael
Bought by
Harper Marshall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 20, 2000
Sold by
Shirley and Achtman Joseph
Bought by
East Michael and Jackson Melvin

Purchase Details

Closed on
Mar 7, 2000
Sold by
Dade County Circuit Court
Bought by
Achtman Shirley and Achtman Joseph
Source: Public Records
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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
Ontario 7474 Llc $340,000 Aces Title
Petanque Miami Llc $249,000 Aces Title Agency Llc
5236 Pembroke Inc -- None Available
Kpc Investments Inc $174,000 Attorney
Puran Hetram $165,000 Southern Coast Title Service
Harper Marshall $145,000 Surealty Title Inc
East Michael $33,500 --
Achtman Shirley $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Puran Hetram $123,750
Previous Owner Harper Marshall $116,000
Previous Owner Achtman Shirley $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2021 06/18/21 Sold $249,000 -3.9% $208 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $259,000 -- $216 / 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 $8,721 $316,536 $159,340 $157,196
2024 $6,673 $295,813 $128,500 $167,313
2023 $6,673 $220,915 $100,230 $120,685
2022 $6,154 $202,925 $82,240 $120,685
2021 $4,518 $133,542 $56,540 $77,002
2020 $4,401 $133,542 $56,540 $77,002
2019 $4,280 $140,554 $59,110 $81,444
2018 $3,786 $113,224 $46,588 $66,636
2017 $2,202 $43,633 $0 $0
2016 $2,420 $39,667 $0 $0
2015 $2,198 $36,061 $0 $0
2014 $2,073 $32,783 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nicole Alvarez

    Keller Williams Capital Realty

    (305) 595-2844

    8 in this area

    65 Total Sales

    Nicole Alvarez
    Section Image

  • A

    Buyer's Agent in 2021

    Andres Ramirez Chacon

    United Dream Real Estate

    (786) 470-0225

    3 in this area

    30 Total Sales

    Andres Ramirez Chacon
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10988628

MIAMI REALTORS® MLS

APN: 08-2122-003-1400

Florida Miami/Dade County Opa-locka Rainbow Park

2005 Ali Baba Ave, Opa-locka, FL

Not Listed for Sale

MultiFamily

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