NOT LISTED FOR SALE

Estimated Value: $3,149,000

6 Beds
6 Baths
3,582 Sq Ft
$879/Sq Ft Est. Value

Sale Details

Date Sold: January 26, 2018

Last sale price $1,650,000 $461 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $20,108 / mo

86 Days on Market

Highlights

  • No HOA
  • Patio
  • Central Heating and Cooling System
  • Porch
  • Ceramic Tile Flooring
  • Fenced

About This Home

As of January 2018

TWO FREESTANDING BUILDINGS W/ 5 UNITS - Tenants are in a month-to-month basis. **REDEVELOPMENT OPPORTUNITY** Zoning T6-36O allows by right the development of a Commercial Mix-Use Tower, 37 (+ bonus) units and 36 floors. Edgewater Urban Core Zoning - located minutes from Miami Downtown. Sale must include adjacent vacant lot 5,500 SqFt for a total of 11,000SqFt WITH 100 LINEAR FEET FRONTAGE ON 24 ST. VERY EASY TO SHOW, JUST CALL LISTING AGENT.

Last Agent to Sell the Property

Amilcar Fuentes

Florida Capital Realty License #3291228 Listed on: 08/09/2017

Florida Capital Realty

Last Buyer's Agent

Jordan Gimelstein

MMLS Assoc.-Inactive Member License #3326509

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,284

Year Built

  • Built in 1925

Lot Details

  • 0.25

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,582 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Outdoor Features

  • Patio
  • Porch

Additional Features

  • Fenced
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Edgewater Condos
  • Edgewater Subdivision, Multifamily Floorplan

Listing and Financial Details

  • Rent includes electricity, hot water, gardener
  • Assessor Parcel Number 01-32-30-026-0920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,284

Year Built

Built in 1925

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Property Sub Type: Quadruplex
  • Directions: BEST LOCATION in the heart of EDGEWATER, NE 24 ST & BISCAYNE BLVD. Just 4 blocks away from Margarate Pace Park and less than 5 min away from Downtown, Midtown, Design District, Wynwood, Omni and Brickell.
  • Horses: No
  • Master Model: MULTIFAMILY
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: EDGEWATER
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Ceramic Floor
  • Living Area: 3582
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Concrete
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch, Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: EDGEWATER
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-32-30-026-0920
  • Zoning: 6405
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Hot Water, Gardener

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 16284

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2017
Closed on
Jan 25, 2018
Sold by
Faa Holdtngs Llc
Bought by
Aids Healthcare Foundation Inc
Seller's Agent
Amilcar Fuentes
Florida Capital Realty
Buyer's Agent
Jordan Gimelstein
MMLS Assoc.-Inactive Member
List Price
$962,500
Sold Price
$1,650,000
Premium/Discount to List
$687,500
71.43%
Current Estimated Value
$3,149,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,499,000

Purchase Details

Closed on
Jun 2, 2014
Sold by
Yurian Investments Llc
Bought by
Faa Holdings Llc

Purchase Details

Closed on
Oct 20, 2004
Sold by
Reyes Manuel and Reyes Rosario
Bought by
Yuriani Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6%
Mortgage Type
Seller Take Back
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
Aids Healthcare Foundation Inc $1,650,000 Capstone Title Partners Llc
Faa Holdings Llc $500,000 Attorney
Yuriani Investments Llc $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yuriani Investments Llc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2018 01/26/18 Sold $1,650,000 +78.4% $461 / Sq Ft
10/11/2017 10/11/17 Price Changed $925,000 -3.9% $258 / Sq Ft
08/09/2017 08/09/17 For Sale $962,500 -- $269 / Sq Ft
Source: MIAMI REALTORS® MLS

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 -- $3,623,647 -- --
2024 -- $3,294,225 -- --
2023 $0 $2,994,750 $0 $0
2022 $0 $2,722,500 $0 $0
2021 $0 $2,475,000 $2,475,000 $0
2020 $58,570 $2,750,000 $2,750,000 $0
2019 $58,724 $2,751,000 $2,750,000 $1,000
2018 $38,327 $1,981,000 $1,980,000 $1,000
2017 $16,864 $699,985 $0 $0
2016 $16,284 $636,350 $0 $0
2015 $16,532 $743,500 $0 $0
2014 $8,492 $308,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10325235

MIAMI REALTORS® MLS

APN: 01-3230-026-0920

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