NOT LISTED FOR SALE

20130 & 20132 SW 87th Place Cutler Bay, FL 33189

Estimated Value: $569,000 - $716,000

4 Beds
2 Baths
1,744 Sq Ft
$369/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $530,000 $304 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,155/month

52 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Ceiling Fan
  • Whispering Pines Elementary School Rated A-
  • Ceramic Tile Flooring
  • 5-minute walk to Franjo Park

About This Home

As of September 2023

GREAT INVESTMENT OPPORTUNITY! This Duplex sitting in an oversized lot of 7,500 sqft in the heart of Cutler Bay! Each unit features 2 bedrooms and 1 full bathroom. Extended driveway for multiple car parkings, spacious back yard. Each unit has its own water & electric meter. No HOA!!! Prime location close to everything!!! Close to shopping malls, restaurants and 15 mins drive to Black Point Marina. May the Force be with you!

Last Agent to Sell the Property

Saud Rai

The Keyes Company License #3403236 Listed on: 08/04/2023

The Keyes Company

Co-Listed By

Cinthia Rai

The Keyes Company License #3417393

Last Buyer's Agent

Saud Rai

The Keyes Company License #3403236 Listed on: 08/04/2023

The Keyes Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,036

Year Built

  • Built in 1974

Lot Details

  • 7,492

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,744 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 2 Units
  • Tenalla Ocean Farms Condos
  • Tenalla Ocean Farms Subdivision

Listing and Financial Details

  • Rent includes cable TV, electricity, gas, rent incl, water
  • Assessor Parcel Number 36-60-09-002-0210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,036

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1974
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Co List Office Mls Id: KEYE04
  • Co List Office Phone: 305-247-7221
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: TENALLA OCEAN FARMS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1744
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: TENALLA OCEAN FARMS

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 36-60-09-002-0210
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Cable TV, Electricity, Gas, Other Rent Incl, Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6036

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Sep 27, 2023
Sold by
Francis Grace C and Francis Oscar L
Bought by
Lucas & Aramis Management Llc
Seller's Agent
Saud Rai
The Keyes Company
Buyer's Agent
Saud Rai
The Keyes Company
List Price
$499,000
Sold Price
$530,000
Premium/Discount to List
$31,000
6.21%
Views
46
Current Estimated Value
$643,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,243
Avg. Annual Appreciation
9.76%
Original Mortgage
$397,500
Outstanding Balance
$389,772
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$253,471

Purchase Details

Closed on
May 9, 2003
Sold by
Francis Marina G
Bought by
Ramirez Oscar L G and Francis Grace C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,500
Interest Rate
5.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 13, 1995
Sold by
Brandon William W and Brandon Patricia R
Bought by
Francis Marina G and Ramirez Oscar L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,200
Interest Rate
8.49%
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
Lucas & Aramis Management Llc $530,000 None Listed On Document
Ramirez Oscar L G -- --
Francis Marina G $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucas & Aramis Management Llc $397,500
Previous Owner Ramirez Oscar L G $144,500
Previous Owner Francis Marina G $70,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2023 09/26/23 Sold $530,000 0.0% $304 / Sq Ft
08/06/2023 08/06/23 Price Changed $530,000 +6.2% $304 / Sq Ft
08/04/2023 08/04/23 For Sale $499,000 -- $286 / 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 $9,385 $435,497 $225,000 $210,497
2024 $6,658 $437,020 $225,000 $212,020
2023 $6,658 $265,387 $0 $0
2022 $6,036 $241,261 $0 $0
2021 $5,239 $219,329 $0 $0
2020 $4,627 $199,390 $75,000 $124,390
2019 $4,629 $201,065 $75,000 $126,065
2018 $4,264 $187,738 $60,000 $127,738
2017 $4,132 $176,363 $0 $0
2016 $3,875 $160,330 $0 $0
2015 $3,654 $145,755 $0 $0
2014 $3,488 $132,505 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Saud Rai

    Seller's Agent in 2023

    Saud Rai

    The Keyes Company

    (305) 804-5358

    12 in this area

    358 Total Sales

    Saud Rai
    Section Image
  • Cinthia Rai

    Seller Co-Listing Agent in 2023

    Cinthia Rai

    The Keyes Company

    (786) 301-2325

    10 in this area

    226 Total Sales

    Cinthia Rai
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11426508

MIAMI REALTORS® MLS

APN: 36-6009-002-0210

Florida Miami/Dade County Cutler Bay 33189

20130 & 20132 SW 87th Place, Cutler Bay, FL

This home is located at 20130 & 20132 SW 87th Place, Cutler Bay, FL 33189 since 04 August 2023 and is currently estimated at $643,243, approximately $368 per square foot. This property was built in 1974. 20130 & 20132 SW 87th Place is a home located in Miami-Dade County with nearby schools including Whispering Pines Elementary School, Cutler Bay Middle, and Miami Southridge Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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