NOT LISTED FOR SALE

Estimated Value: $1,717,755 - $2,502,000

5 Beds
3 Baths
3,041 Sq Ft
$669/Sq Ft Est. Value

Last Sold January 23, 2013

Last sale price $746,035 $245 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $12,483/month

47 Days on Market

Highlights

  • Heated In Ground Pool
  • Gated Community
  • Vaulted Ceiling
  • Aventura Waterways K-8 Center Rated A-
  • Clubhouse
  • Main Floor Bedroom

About This Home

As of January 2013

ENJOY LIVING IN THIS AMAZING TRUE 5 BED/3BATH HOME FEATURING FORMAL DINING AND LIVING, FAMILY ROOM AND BREAKFAST AREAS.THIS RESIDENCE IS ONE OF THE ONLY TWO HOMES IN THE PRESTIGEOUS AND DESIRABLE ISLAND WAY COMMUNITY THAT HAS TRUE 5 BEDROOMS ON A LARGER T HAN USUAL 4900 SF LOT WITH A FABULOUS BACKYARD + A LOT OF PRIVACY, HURRICANE IMPACT WINDOWS & DOORS THROUGHT THE HOUSE, NEWER APPLIANCES, 2 OVENS,2 REFRIGERATORS,2 DISHWASHERS, 2 ZONE A/C UNITS, BIGGER HEATED POOL. READY TO MOVE IN. OWNER MOTIVATED!

Last Agent to Sell the Property

Irina Alvarez

One Sotheby's International Realty License #0706692 Listed on: 12/04/2012

One Sotheby's International Realty

Last Buyer's Agent

James Shin

Principal Real Estate Solutions Inc License #3260204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,637

Year Built

  • Built in 1994

Lot Details

  • East Facing Home
  • Fenced
  • Property is zoned 41/MULTI

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Detached Carport Space
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Patio Lot
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,041 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Awning
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Garden Views
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Trash Compactor

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Heated In Ground Pool
  • Pool Equipment Stays
  • Auto Pool Cleaner

Outdoor Features

  • Unrestricted saltwater access
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 28-12-35-064-0240

Community Details

Overview

  • Island Way Addn,Island Way Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,637

Year Built

Built in 1994

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1994
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Patio/Zero Lot
  • Carport Y N: Yes
  • Directions: WALKING DISTANCE TO THE WATERWAY SHOPS, HOUSES OF WORSHIP, AVENTURA MALL, TURNBERRY GOLF COURSE.. ISLAND WAY IS A GATED COMMUNITY WITH 24 HOURS SECURITY, COMMON POOL AND CLUB HOUSE. A UNIQUE OPPORTUNITY..TRUE 5 BED HOUSE UNDER $820K, RARE TO FIND!!!!
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other,Unrestricted Salt Water Access
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: ISLAND WAY ADDN,ISLAND WAY
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Fire Sprinklers, Entrance Foyer, Volume Ceilings, Walk-In Closet(s), Attic, Family Room, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Carpet, Ceramic Floor, Tile
  • Furnished: Unfurnished, Furniture Negotiable
  • Living Area: 3041
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Blinds, Drapes, High Impact Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Formal Dining, Snack Bar/Counter
  • Living Room Features: Attic, Family Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • Roof: Barrel Roof
  • View: Garden, Other
  • Exterior Features: Lighting
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Awning(s), Patio
  • Pool Features: Auto Pool Clean, In Ground, Equipment Stays, Heated
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: ISLAND WAY ADDN
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Detached Carport, Driveway, Covered, Other, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Sprinklers, Smoke Detector

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Clubhouse, Gated Community, Pool
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 28-12-35-064-0240
  • Zoning: 41/MULTI
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 9637

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2012
Closed on
Jan 23, 2013
Sold by
Gilman Kenneth B and Feinberg Carol S
Bought by
Stachewitsch Monique
Seller's Agent
Irina Alvarez
One Sotheby's International Realty
Buyer's Agent
James Shin
Principal Real Estate Solutions Inc
List Price
$819,000
Sold Price
$746,035
Premium/Discount to List
-$72,965
-8.91%
Current Estimated Value
$2,033,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,287,654
Avg. Annual Appreciation
7.92%
Original Mortgage
$417,000
Outstanding Balance
$293,142
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$1,653,777

Purchase Details

Closed on
Jan 29, 1999
Sold by
Yair and Kassab Susan R
Bought by
Gilman Kenneth B and Feinberg Carol S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 1996
Sold by
Arthur and Chernov Lorna
Bought by
Kassab Yair and Kassab Susan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 1994
Sold by
Coscan Fl Inc
Bought by
Chernov Arthur and Chernov Lorna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
7.1%
Source: Public Records

Range of Values:

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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
Stachewitsch Monique $746,100 Attorney
Gilman Kenneth B $470,000 --
Kassab Yair $425,000 --
Chernov Arthur $385,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stachewitsch Monique $100,000
Open Stachewitsch Monique $417,000
Previous Owner Kassab Yair $227,000
Previous Owner Kassab Yair $340,000
Previous Owner Chernov Arthur $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2013 01/23/13 Sold $746,035 -8.9% $245 / Sq Ft
01/21/2013 01/21/13 Pending -- -- --
12/04/2012 12/04/12 For Sale $819,000 -- $269 / 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 $10,828 $694,995 -- --
2024 $10,526 $675,409 -- --
2023 $10,526 $655,737 $0 $0
2022 $10,185 $636,638 $0 $0
2021 $10,185 $618,096 $0 $0
2020 $10,068 $609,563 $0 $0
2019 $9,856 $595,859 $0 $0
2018 $9,410 $584,749 $0 $0
2017 $9,280 $569,251 $0 $0
2016 $9,273 $557,543 $0 $0
2015 $9,396 $553,668 $0 $0
2014 $9,524 $549,274 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1720493

MIAMI REALTORS® MLS

APN: 28-1235-064-0240