NOT LISTED FOR SALE

Estimated Value: $908,688

5 Beds
2 Baths
3,148 Sq Ft
$289/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $550,000 $175 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,020/month

29 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Fenced
  • Partial Storm Protection
  • Central Air
  • Heating Available

About This Home

As of October 2018

GREAT INVESTMENT OPPORTUNITY -DUPLEX IN THE HEART OF MIAMI!! TWO BUILDINGS ON ONE PROPERTY! CORNER LOT -BOTH RENOVATED IN 2010, separate electric and water meters. Front Unit 5/3/1 with 2 Master Bedrooms and 3 over-sized Bedrooms, 8 parking spaces, tenant occupied, SECTION 8 approved, renting at $2750 monthly. Separate Back Unit 3/2, tenant occupied, renting at $1750 monthly. Both tenants willing to sign 1 year lease. Both units have one Master Bedroom downstairs. PROFITABLE CAP RATE of 7.3%! Minutes from Downtown Miami, 836 & I-95 Expressways.

Last Agent to Sell the Property

Libia Perez

LPT Realty, LLC License #3415617 Listed on: 09/06/2018

LPT Realty, LLC

Co-Listed By

Jorge Espino

Keller Williams Realty International Lifestyles License #3154729

Last Buyer's Agent

Liest Castella

Island Living Realty, LLC License #3173908

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,040

Year Built

  • Built in 1925

Lot Details

  • Fenced

Parking

  • 9 Parking Spaces

Home Design

  • Duplex
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,148 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Partial Storm Protection

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $54,000
  • Rent includes trash collection
  • Assessor Parcel Number 01-41-03-033-0310

Community Details

Overview

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

Building Details

  • Operating Expense $10,758
  • Net Operating Income $43,242

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,040

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Co List Office Mls Id: KEYE15
  • Co List Office Phone: 305-594-2600
  • Directions: Follow GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: GLENROYAL SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Yn: No
  • Flooring: Other, Tile
  • Living Area: 3148
  • Possible Use: Primary
  • Stories: 2
  • Window Features: Partial Other Protection

Exterior Features

  • Roof: Other
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: GLENROYAL SUB
  • Total Parking Spaces: 9

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-03-033-0310
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection

Multi Family

  • Net Operating Income: 43242
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Operating Expense: 10758
  • Total Actual Rent: 54000

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Oct 26, 2018
Sold by
Garcia Luis and Marziano Monica
Bought by
Gomez Silvio M
Seller's Agent
Libia Perez
LPT Realty, LLC
Buyer's Agent
Liest Castella
Island Living Realty, LLC
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Current Estimated Value
$908,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,688
Avg. Annual Appreciation
7.21%

Purchase Details

Listed on
Jul 29, 2013
Closed on
May 19, 2014
Sold by
Menendez Rodolfo and Macias Maria C
Bought by
Garcia Luis and Marziano Monica
Seller's Agent
Maria Macias
Compass Florida, LLC
Buyer's Agent
Maria Macias
Compass Florida, LLC
List Price
$425,000
Sold Price
$345,000
Premium/Discount to List
-$80,000
-18.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%
Original Mortgage
$247,500
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Menendez Rodolfo and Macias Maria C

Purchase Details

Closed on
Oct 24, 2007
Sold by
Bravo Samuel
Bought by
Fremont Investment & Loan Co

Purchase Details

Closed on
Mar 31, 2006
Sold by
Alfonso Georgina
Bought by
Bravo Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,850
Interest Rate
8.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 31, 2003
Sold by
Noriega Jairo
Bought by
Alfonso Georgina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,750
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 31, 2003
Sold by
Stackermann Jaime L
Bought by
Noriega Jairo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 18, 1998
Sold by
Eddy and Barrios Ana M
Bought by
Stakermann Jaime L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 1995
Sold by
Barrios Epifanio and Barrios Louisa
Bought by
Barrios Eddy and Barrios Ana M

Purchase Details

Closed on
Nov 23, 1993
Sold by
Smith Christopher S
Bought by
Barrios Epifanio and Barrios Eddy

Purchase Details

Closed on
Jun 25, 1993
Sold by
Mueller Milton G and Mueller Edith H
Bought by
Smith Christopher S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.52%
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
Gomez Silvio M $550,000 Attorney
Garcia Luis $345,000 Attorney
Menendez Rodolfo $79,500 Fairview Title
Fremont Investment & Loan Co -- None Available
Bravo Samuel $441,000 Advisors Title Services Inc
Alfonso Georgina $345,000 --
Noriega Jairo $270,000 American Title Association
Stakermann Jaime L $220,000 --
Barrios Eddy -- --
Barrios Epifanio -- --
Smith Christopher S $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Luis $247,500
Previous Owner Bravo Samuel $374,850
Previous Owner Alfonso Georgina $351,000
Previous Owner Alfonso Georgina $327,750
Previous Owner Noriega Jairo $216,000
Previous Owner Stakermann Jaime L $20,000
Previous Owner Stakermann Jaime L $198,000
Previous Owner Smith Christopher S $105,000
Closed Noriega Jairo $13,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $550,000 -8.2% $175 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
09/05/2018 09/05/18 For Sale $599,000 +73.6% $190 / Sq Ft
05/19/2014 05/19/14 Sold $345,000 -18.8% $89 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
07/29/2013 07/29/13 For Sale $425,000 -- $109 / 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 $12,828 $632,788 -- --
2024 $12,440 $575,262 -- --
2023 $12,440 $522,966 $0 $0
2022 $11,258 $475,424 $0 $0
2021 $9,943 $432,204 $176,845 $255,359
2020 $9,568 $413,538 $158,765 $254,773
2019 $9,438 $406,510 $148,595 $257,915
2018 $8,140 $409,652 $148,595 $261,057
2017 $7,040 $295,619 $0 $0
2016 $6,626 $268,745 $0 $0
2015 $6,504 $258,312 $0 $0
2014 $5,110 $191,807 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10533102

MIAMI REALTORS® MLS

APN: 01-4103-033-0310