NOT LISTED FOR SALE

240 Fernwood Rd Unit 101 Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $1,591,000 - $2,789,000

2 Beds
2 Baths
1,756 Sq Ft
$1,278/Sq Ft Est. Value

About This Home

This home is located at 240 Fernwood Rd Unit 101, Key Biscayne, FL 33149 and is currently estimated at $2,243,874, approximately $1,277 per square foot. 240 Fernwood Rd Unit 101 is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2008
Sold by
Melwani Aabad and Melwani Ram
Bought by
Gibson Jeffrey J
Current Estimated Value
$2,243,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Outstanding Balance
$590,094
Interest Rate
6.87%
Mortgage Type
Unknown
Estimated Equity
$1,523,637

Purchase Details

Closed on
Jul 9, 2007
Sold by
Melwani Aabad and Melwani Ram
Bought by
Melwani Aabad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,500
Interest Rate
6.37%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 9, 2005
Sold by
Melwani Aabad
Bought by
Melwani Aabad and Melwani Ram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,220,000
Interest Rate
7.12%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 30, 2003
Sold by
Glass Bonita
Bought by
Melwani Aabad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,100
Interest Rate
6.03%
Mortgage Type
Unknown

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Gibson Jeffrey J $1,150,000 Attorney
Melwani Aabad -- Attorney
Melwani Aabad -- --
Melwani Aabad $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson Jeffrey J $862,500
Previous Owner Melwani Aabad $955,500
Previous Owner Melwani Aabad $1,220,000
Previous Owner Melwani Aabad $413,100
Source: Public Records

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
2024 $24,014 $1,376,254 -- --
2023 $24,014 $1,251,140 $0 $0
2022 $20,581 $1,137,400 $0 $0
2021 $19,691 $1,062,380 $0 $0
2020 $18,360 $1,237,000 $0 $0
2019 $20,222 $1,237,000 $0 $0
2018 $18,543 $1,236,850 $0 $0
2017 $17,812 $997,725 $0 $0
2016 $17,413 $907,023 $0 $0
2015 $17,073 $824,567 $0 $0
2014 $12,963 $749,607 $0 $0
Source: Public Records

Map

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

240 Fernwood Rd Unit 101, Key Biscayne, FL

Homes for Sale in Key Biscayne, FL

This home is located at 240 Fernwood Rd Unit 101, Key Biscayne, FL 33149 and is currently estimated at $2,243,874, approximately $1,277 per square foot. 240 Fernwood Rd Unit 101 is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables 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.

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