NOT LISTED FOR SALE

2369 SW 17th Terrace Miami, FL 33145

Coral Way Neighborhood

Estimated Value: $939,000 - $1,051,000

4 Beds
2 Baths
2,320 Sq Ft
$431/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $900,000 $388 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,365/month

25 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Ceiling Fan
  • Tile Flooring

About This Home

As of April 2024

Investor's Dream in Prime Location: Nestled in the sought-after Shenandoah neighborhood just on the edge of Coral Gables, this exceptional 4-unit presents a lucrative investment opportunity. Consisting of two, 2/1 units and two cozy 1/1 units. Central AC. The property features income-generating washer and dryer units, maximizing returns for investors.Equipped with relatively new appliances and updated bathrooms. With high demand in the area, vacancies are rare, making this an attractive proposition for investors seeking stable rental income.Convenient parking is available both in the rear and front of the property, providing ease and accessibility for tenants. Don't miss out on this rare opportunity to own a profitable asset in one of the hottest rental markets.

Last Agent to Sell the Property

Mike Gonzalez

Florida Platinum Group, LLC License #3271828 Listed on: 02/22/2024

Last Buyer's Agent

Roger Bustos

MMLS Assoc.-Inactive Member License #3493593

MMLS Assoc.-Inactive Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,617

Year Built

  • Built in 1924

Lot Details

  • 6,708

Parking

  • 8 Parking Spaces

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,320 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring

Additional Features

  • Property is zoned 0100
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Cleveland Terrace Subdivision

Listing and Financial Details

  • Rent includes electricity
  • Assessor Parcel Number 01-41-10-024-0080

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,617

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1924
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex, Fourplex
  • Subdivision Name: CLEVELAND TERRACE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 2320
  • Possible Use: Investment
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Park Building Name: CLEVELAND TERRACE
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-10-024-0080
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11617

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Apr 8, 2024
Sold by
Galella Gaston
Bought by
Arcacha Lazaro
Seller's Agent
Mike Gonzalez
Florida Platinum Group, LLC
Buyer's Agent
Roger Bustos
MMLS Assoc.-Inactive Member
List Price
$90,000
Sold Price
$900,000
Premium/Discount to List
$810,000
900%
Views
31
Current Estimated Value
$1,000,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,802
Avg. Annual Appreciation
7.49%
Original Mortgage
$675,000
Outstanding Balance
$664,741
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$336,061

Purchase Details

Closed on
Nov 5, 2019
Sold by
All About Real Estate Llc
Bought by
Galella Gaston

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Cardenas Perez Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,269
Interest Rate
6.45%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 26, 2007
Sold by
Acosta Luis A
Bought by
Fremont Investment & Loan

Purchase Details

Closed on
Jul 13, 2006
Sold by
Sosa Felicia J and Sosa Osvaldo M
Bought by
Acosta Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
7.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 25, 2005
Sold by
Pearce Jessica
Bought by
Sosa Felicia J

Purchase Details

Closed on
Jun 14, 2005
Sold by
Nazarjanaa Anzalika
Bought by
Pearce Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 6, 2004
Sold by
5995 Realty Corp
Bought by
Nazarjanaa Anzalika

Purchase Details

Closed on
Apr 29, 2003
Sold by
Salabarria Roberto
Bought by
5995 Realty Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2002
Sold by
Cesar F Laborde I
Bought by
Salabarria Roberto

Purchase Details

Closed on
May 22, 2002
Sold by
Cesar J Laborde I
Bought by
Laborde Cesar F and Laborde Mario J
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
Arcacha Lazaro $900,000 Floridian Title Group
Galella Gaston $505,000 All About Closing Inc
All About Real Estate Llc $450,000 All About Closing Inc
Cardenas Perez Roberto $229,000 Buyers Title Inc
Fremont Investment & Loan -- None Available
Acosta Luis A $560,000 Peninsula Title Corp
Sosa Felicia J -- None Available
Pearce Jessica $430,000 American Title Association
Nazarjanaa Anzalika $350,000 --
5995 Realty Corp $240,000 Prominent Title Insurance Ag
Salabarria Roberto $214,500 --
Laborde Cesar F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arcacha Lazaro $675,000
Previous Owner Galella Gaston $367,500
Previous Owner Cardenas Perez Roberto $220,269
Previous Owner Acosta Luis A $448,000
Previous Owner Pearce Jessica $344,000
Previous Owner 5995 Realty Corp $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2024 04/09/24 Sold $900,000 +900.0% $388 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $90,000 -- $39 / 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 $12,458 $738,578 $536,000 $202,578
2024 $11,617 $544,558 -- --
2023 $11,617 $495,053 $0 $0
2022 $10,249 $446,535 $0 $0
2021 $9,385 $405,941 $287,866 $118,075
2020 $8,699 $372,773 $254,690 $118,083
2019 $4,952 $258,313 $0 $0
2018 $4,642 $256,696 $0 $0
2017 $4,452 $199,965 $0 $0
2016 $4,307 $187,668 $0 $0
2015 $3,990 $177,483 $0 $0
2014 $3,731 $168,096 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Gonzalez

    Seller's Agent in 2024

    Mike Gonzalez

    Florida Platinum Group, LLC

    (305) 484-4344

    4 in this area

    36 Total Sales

    Mike Gonzalez
    Section Image

  • R

    Buyer's Agent in 2024

    Roger Bustos

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11537775

MIAMI REALTORS® MLS

APN: 01-4110-024-0080

Florida Miami/Dade County Miami 33145 Coral Way

2369 SW 17th Terrace, Miami, FL

This home is located at 2369 SW 17th Terrace, Miami, FL 33145 since 22 February 2024 and is currently estimated at $1,000,802, approximately $431 per square foot. This property was built in 1924. 2369 SW 17th Terrace is a home located in Miami-Dade County with nearby schools including Shenandoah Elementary School, Shenandoah Middle School, and Miami 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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