NOT LISTED FOR SALE

Estimated Value: $548,000 - $658,000

2 Beds
1 Bath
1,829 Sq Ft
$324/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $630,000 $344 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,941/month

8 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 3-minute walk to Melrose Park
  • Tile Flooring
  • 1-Story Property

About This Home

As of March 2024

Calling all investors!!!Opportunity to own a duplex in the city of Allapattah,the main home features three bedroom, two baths plus a den/office. Second unit features one full bedroom one bath plus den/office both units have their own central air conditioning. It's a gated property with plenty of parking,great rental income for investors or supplemental for owner occupied with the option to rent other unit. It's a must see floor plan!!Allows maximum opportunity for owner to increase yearly CAP. Great location super Central.Eight minutes from Miami international airport,10 minutes from Calle 8,10 minutes from the Wynwood area and 15 minutes to South Beach

Last Agent to Sell the Property

Michelle Alonso

Lifestyle International Realty License #3600789 Listed on: 02/15/2024

Lifestyle International Realty

Last Buyer's Agent

Marvin Ordonez

Lifestyle International Realty License #3410903

Lifestyle International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,308

Year Built

  • Built in 1949

Lot Details

  • 6,708

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Flat Tile Roof

Interior Spaces

  • 1,829 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Melrose Heights Condos
  • Melrose Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-27-001-1780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,308

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1949
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: MELROSE HEIGHTS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1829
  • Possible Use: Investment
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: MELROSE HEIGHTS
  • 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: 01-31-27-001-1780
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9308

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Mar 28, 2024
Sold by
Maldonado Randy
Bought by
Toro Juan and Toro Krysta C
Seller's Agent
Michelle Alonso
Lifestyle International Realty
Buyer's Agent
Marvin Ordonez
Lifestyle International Realty
List Price
$630,000
Sold Price
$630,000
Views
17
Current Estimated Value
$593,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,595
Avg. Annual Appreciation
-3.72%
Original Mortgage
$472,500
Outstanding Balance
$465,467
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$127,938

Purchase Details

Listed on
Aug 2, 2022
Closed on
Sep 12, 2022
Sold by
Scarlett Rico
Bought by
Maldonado Randy
Seller's Agent
Vanessa Herrera
Related ISG Realty, LLC.
List Price
$539,000
Sold Price
$539,000
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$529,237
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 16, 2012
Closed on
Dec 13, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Rico Scarlett
Seller's Agent
Robert Liguori
Liguori Homes & Investments In
Buyer's Agent
Peter Masiello
Liguori Homes & Investments In
List Price
$56,000
Sold Price
$40,000
Premium/Discount to List
-$16,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.72%

Purchase Details

Listed on
Jun 16, 2012
Closed on
Dec 10, 2012
Sold by
Villafuerte Rafael
Bought by
Deutsche Bank National Trust Company
Seller's Agent
Robert Liguori
Liguori Homes & Investments In
Buyer's Agent
Peter Masiello
Liguori Homes & Investments In
List Price
$56,000
Sold Price
$40,000
Premium/Discount to List
-$16,000
-28.57%

Purchase Details

Closed on
Feb 2, 2012
Sold by
Villafuerte Rafael
Bought by
Deutsche Bank National Tr Co Trs

Purchase Details

Closed on
Apr 6, 2006
Sold by
Esperanza Juan
Bought by
Villafuerte Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
9.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 14, 2003
Sold by
Ramirez Ricardo A
Bought by
Esperanza Juan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,850
Interest Rate
7.35%

Purchase Details

Closed on
Aug 11, 1998
Sold by
Soler Blanca N
Bought by
Ramirez Ricardo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,070
Interest Rate
6.96%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 15, 1996
Sold by
Soler Heriberto
Bought by
Soler Blanca N
Source: Public Records

Range of Values:

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Average Value
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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
Toro Juan $630,000 Gables Title
Toro Juan $630,000 Gables Title
Maldonado Randy $539,000 Supreme Title
Maldonado Randy $539,000 Supreme Title
Rico Scarlett $40,000 Attorney
Deutsche Bank National Trust Company $46,600 None Available
Deutsche Bank National Tr Co Trs $46,600 --
Villafuerte Rafael $305,000 Attorney
Esperanza Juan A $143,100 --
Ramirez Ricardo A $98,000 --
Soler Blanca N $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toro Juan $472,500
Closed Toro Juan $472,500
Previous Owner Maldonado Randy $529,237
Previous Owner Villafuerte Rafael $305,000
Previous Owner Esperanza Juan A $135,850
Previous Owner Soler Blanca N $94,070
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2024 03/29/24 Sold $630,000 0.0% $344 / Sq Ft
02/24/2024 02/24/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $630,000 +16.9% $344 / Sq Ft
09/12/2022 09/12/22 Sold $539,000 0.0% $295 / Sq Ft View Prior Sale
08/02/2022 08/02/22 For Sale $539,000 +1247.5% $295 / Sq Ft
12/28/2012 12/28/12 Sold $40,000 -28.6% $24 / Sq Ft View Prior Sale
11/28/2012 11/28/12 Pending -- -- --
06/16/2012 06/16/12 For Sale $56,000 -- $33 / 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 $9,828 $495,468 $247,900 $247,568
2024 $9,308 $471,615 $221,003 $250,612
2023 $9,308 $434,337 $180,682 $253,655
2022 $4,901 $179,358 $0 $0
2021 $4,393 $163,053 $0 $0
2020 $4,245 $247,527 $127,090 $120,437
2019 $4,031 $243,172 $100,549 $142,623
2018 $3,597 $219,268 $90,341 $128,927
2017 $3,099 $111,369 $0 $0
2016 $2,843 $101,245 $0 $0
2015 $2,497 $87,236 $0 $0
2014 $2,324 $79,306 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11533831

MIAMI REALTORS® MLS

APN: 01-3127-001-1780