NOT LISTED FOR SALE

245 NW 45th Ave Miami, FL 33126

Flagami Neighborhood

Estimated Value: $779,000 - $884,000

5 Beds
4 Baths
2,576 Sq Ft
$323/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $415,000 $161 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $5,475/month

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 1-Story Property
  • Coral Gables Senior High School Rated A-
  • Central Heating and Cooling System

About This Home

As of May 2016

Rare opportunity for any investor or homeowner. This income property offers a main home in the front and a detached property in the backyard currently bringing in $2250 a month. The main property can be rented for about $2400 a month. Thus, totaling a whooping $4650 a month. This property pays for itself and stands at an unbelievable 13% cap rate. Note that this home is priced to sell & owner will entertain SERIOUS offers only. Conventional financing also available.

Last Agent to Sell the Property

Max Cufari

VGV Realty, LLC License #3297037 Listed on: 03/30/2016

Last Buyer's Agent

Carlos Lens

Kesk Global Realty License #3040987

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,821

Year Built

  • Built in 1959

Lot Details

  • 8,756

Parking

  • 4 Parking Spaces

Home Design

  • Shingle Roof

Interior Spaces

  • 2,576 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Ceramic Tile

Additional Features

  • Property is zoned R-2
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Henry Ford 01 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-05-016-0240

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,821

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: Henry Ford 01
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor, Tile, Wood
  • Living Area: 2576
  • Possible Use: Primary
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Henry Ford 01
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: 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: 01-41-05-016-0240
  • Zoning: R-2
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4821

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2016
Closed on
May 9, 2016
Sold by
Blanco Ray Martin and Blanco Elizabeth Ann
Bought by
Cure Luis Elias and Cure Anaili Medina
Seller's Agent
Max Cufari
VGV Realty, LLC
Buyer's Agent
Carlos Lens
Kesk Global Realty
Sold Price
$415,000
Current Estimated Value
$831,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,709
Avg. Annual Appreciation
7.58%
Original Mortgage
$407,483
Outstanding Balance
$326,586
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$505,123

Purchase Details

Closed on
Jul 6, 2007
Sold by
Blanco Ray Martin
Bought by
Blanco Ray Martin and Blanco Elizabeth Ann

Purchase Details

Closed on
Feb 14, 2007
Sold by
Blanco Manuel A
Bought by
Blanco Ray Martin

Purchase Details

Closed on
Feb 4, 2002
Sold by
Blanco Manuel A
Bought by
Renaldo N Blanco Testamentary Trust

Purchase Details

Closed on
Oct 19, 1994
Sold by
Dulzaides Julio R and Dulzaides Josefina
Bought by
Blanco Renaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
8.48%
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
Cure Luis Elias $415,000 Allied Title & Trust Llc
Blanco Ray Martin -- Lexington Title Services Inc
Blanco Ray Martin -- Attorney
Renaldo N Blanco Testamentary Trust -- --
Blanco Renaldo $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cure Luis Elias $407,483
Previous Owner Blanco Renaldo $18,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2016 05/11/16 Sold $415,000 -- $161 / Sq Ft
04/07/2016 04/07/16 Pending -- -- --
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 $13,204 $630,685 -- --
2024 $12,564 $573,350 -- --
2023 $12,564 $521,228 $0 $0
2022 $11,228 $473,844 $0 $0
2021 $9,397 $406,502 $218,644 $187,858
2020 $9,248 $398,535 $210,234 $188,301
2019 $8,807 $376,985 $188,241 $188,744
2018 $8,241 $403,304 $214,116 $189,188
2017 $8,215 $351,905 $0 $0
2016 $5,107 $233,068 $0 $0
2015 $4,821 $220,419 $0 $0
2014 $4,661 $208,761 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Max Cufari

    Seller's Agent in 2016

    Max Cufari

    VGV Realty, LLC

    (305) 799-9778

    19 Total Sales

    Max Cufari
    Section Image

  • C

    Buyer's Agent in 2016

    Carlos Lens

    Kesk Global Realty

    (305) 790-4160

    3 Total Sales

    Carlos Lens
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10057684

MIAMI REALTORS® MLS

APN: 01-4105-016-0240

Florida Miami/Dade County Miami 33126 Flagami

245 NW 45th Ave, Miami, FL

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