NOT LISTED FOR SALE

Estimated Value: $491,000 - $661,000

4 Beds
2 Baths
1,480 Sq Ft
$378/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $250,000 $169 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $3,746/month

21 Days on Market

Highlights

  • No HOA
  • Heating Available
  • 5-minute walk to Melrose Park
  • Cooling Available

About This Home

As of September 2016

Great property in the heart of Allapattah!! Home Run deal! Fully rented for $3100 a month and its under rented!!

The front home is a 2/1 & and a 1/1. The back Structure is a 1/1 on the bottom and a 1/1 on the top.

All long term tenants.

Last Agent to Sell the Property

Christopher Johnson

Johnson's Homes License #3248478 Listed on: 07/18/2016

Last Buyer's Agent

Yaima Lamela

Prestige Empire Realty, LLC License #3077625

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,432

Year Built

  • Built in 1939

Lot Details

  • 6,708

Parking

  • 5 Parking Spaces

Home Design

  • Quadruplex
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,480 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Melrose Heights Sec 02 Condos
  • Melrose Heights Sec 02 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-27-016-0100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,432

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1939
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: Melrose Heights Sec 02
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 1480
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Barrel Roof
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Melrose Heights Sec 02
  • Total Parking Spaces: 5

Utilities

  • Sewer: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-27-016-0100
  • Zoning: R-2
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3432

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2016
Closed on
Sep 1, 2016
Sold by
Wythe Capital Trust Llc
Bought by
Salja Corp
Seller's Agent
Christopher Johnson
Johnson's Homes
Buyer's Agent
Yaima Lamela
Prestige Empire Realty, LLC
List Price
$299,000
Sold Price
$250,000
Premium/Discount to List
-$49,000
-16.39%
Current Estimated Value
$552,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,448
Avg. Annual Appreciation
9.23%

Purchase Details

Listed on
Jul 18, 2016
Closed on
Jul 18, 2016
Sold by
Redstone Group Corp
Bought by
Wythe Capital Trust Llc
Seller's Agent
Christopher Johnson
Johnson's Homes
Buyer's Agent
Yaima Lamela
Prestige Empire Realty, LLC
List Price
$299,000
Sold Price
$250,000
Premium/Discount to List
-$49,000
-16.39%

Purchase Details

Closed on
Nov 22, 2004
Sold by
Mere Narda C
Bought by
Redstone Group Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,400
Interest Rate
4.34%
Mortgage Type
Unknown
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
Salja Corp $250,000 Venetian Title Services Inc
Wythe Capital Trust Llc $200,000 Union Title Services Inc
Redstone Group Corp $203,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Redstone Group Corp $162,400
Previous Owner Iglesias Luis T $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2016 09/01/16 Sold $250,000 -16.4% $169 / Sq Ft
08/08/2016 08/08/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $299,000 -- $202 / 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 $8,666 $374,184 -- --
2024 $8,157 $340,168 -- --
2023 $8,157 $309,412 $0 $0
2022 $7,559 $281,284 $0 $0
2021 $6,382 $225,440 $0 $0
2020 $6,054 $228,644 $127,090 $101,554
2019 $5,581 $198,078 $100,549 $97,529
2018 $5,192 $187,870 $90,341 $97,529
2017 $4,782 $153,980 $0 $0
2016 $3,649 $85,838 $0 $0
2015 $3,432 $78,035 $0 $0
2014 $3,262 $70,941 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10117734

MIAMI REALTORS® MLS

APN: 01-3127-016-0100