NOT LISTED FOR SALE

254 NE 116th St Miami, FL 33161

Estimated Value: $583,000 - $963,000

3 Beds
3 Baths
1,295 Sq Ft
$559/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $277,000 $214 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $4,303/month

110 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • 1-Story Property
  • No HOA
  • No Heating

About This Home

As of October 2018

Buyer didn’t qualify. Now vacant and easy to show! Great income producing duplex in a vibrant area. A renovated 2/2 main house with a 1/1 guest house and large gated yard. Laundry room. Great location very close to Barry university, Miami Country Day School, Miami Shores Elementary and Biscayne Blvd. This is a great property for an investor, a small family with in law’s or a starter home wanting to use the second unit to pay a portion of the mortgage. Property recently appraised. An owner occupant can put 5% down and use the income from the second unit to supplement to qualify!

Last Agent to Sell the Property

Sherry Lebowitz

Lifestyle International Realty License #3268355 Listed on: 01/07/2018

Lifestyle International Realty

Last Buyer's Agent

Riccardo Bailey

MMLS Assoc.-Inactive Member License #3288410

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,222

Year Built

  • Built in 1944

Lot Details

  • Property is zoned 0100

Parking

  • 6 Parking Spaces

Home Design

  • Shingle Roof

Interior Spaces

  • 1,295 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Tile

Utilities

  • Cooling Available
  • No Heating

Community Details

  • No Home Owners Association
  • Tresulee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-22-31-040-0270

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,222

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1944
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Directions: GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: TRESULEE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood
  • Living Area: 1295
  • 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: TRESULEE
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-22-31-040-0270
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3222

Multi Family

  • Number Of Units In Community: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2018
Closed on
Sep 29, 2018
Sold by
Lec Property Llc
Bought by
Ordonez Estalin
Seller's Agent
Sherry Lebowitz
Lifestyle International Realty
Buyer's Agent
Riccardo Bailey
MMLS Assoc.-Inactive Member
List Price
$288,000
Sold Price
$277,000
Premium/Discount to List
-$11,000
-3.82%
Current Estimated Value
$723,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,966
Avg. Annual Appreciation
14.80%
Original Mortgage
$271,982
Outstanding Balance
$237,790
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$486,176

Purchase Details

Closed on
Jul 24, 2017
Sold by
Cea Gerardo
Bought by
Lec Property Llc

Purchase Details

Listed on
Aug 16, 2013
Closed on
Sep 13, 2013
Sold by
Sunscape Group Llc
Bought by
Cea Gerardo
Seller's Agent
Rob Eldredge
RWE Real Estate Services
List Price
$129,000
Sold Price
$115,000
Premium/Discount to List
-$14,000
-10.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.47%

Purchase Details

Closed on
May 20, 2011
Sold by
Jimenez Alejandro and Jimenez Juan Jose
Bought by
Sunscape Group Llc

Purchase Details

Closed on
Oct 20, 2008
Sold by
Jimenez Alejandro and Benitez Aura
Bought by
Jimenez Juan Jose and Jimenez Alejandro

Purchase Details

Closed on
Aug 4, 2006
Sold by
Bravo Edgard R and Bravo Debra L
Bought by
Jimenez Alejandro and Benitez Aura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 7, 2005
Sold by
Carley Susan Vassallo and Vassallo John
Bought by
Bravo Edgard R and Bravo Debra L

Purchase Details

Closed on
Apr 1, 2005
Sold by
Vassallo John and Carley Susan
Bought by
The John J Vassallo Revocable Living Tr

Purchase Details

Closed on
Jan 6, 1997
Sold by
Rep Linda Louis Bradyco Per and Carl F Harrison Jr Co Per Rep
Bought by
Vassallo John and Carley Susan
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
Ordonez Estalin $277,000 Smart Title & Settlement Ser
Lec Property Llc -- Attorney
Cea Gerardo $115,000 Attorney
Sunscape Group Llc $176,000 Attorney
Jimenez Juan Jose -- Attorney
Jimenez Alejandro $220,000 None Available
Bravo Edgard R -- --
The John J Vassallo Revocable Living Tr -- --
Vassallo John $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ordonez Estalin $271,982
Previous Owner Jimenez Alejandro $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2018 10/26/18 Sold $277,000 -3.1% $214 / Sq Ft
09/02/2018 09/02/18 Price Changed $286,000 -0.7% $221 / Sq Ft
06/19/2018 06/19/18 For Sale $288,000 0.0% $222 / Sq Ft
04/26/2018 04/26/18 Pending -- -- --
04/13/2018 04/13/18 Price Changed $288,000 -0.3% $222 / Sq Ft
03/08/2018 03/08/18 For Sale $289,000 +4.3% $223 / Sq Ft
03/06/2018 03/06/18 Off Market $277,000 -- --
02/08/2018 02/08/18 Price Changed $289,000 -7.7% $223 / Sq Ft
01/06/2018 01/06/18 For Sale $313,000 +172.2% $242 / Sq Ft
09/17/2013 09/17/13 Sold $115,000 -10.9% $89 / Sq Ft View Prior Sale
08/18/2013 08/18/13 Pending -- -- --
08/16/2013 08/16/13 For Sale $129,000 -- $100 / 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 $5,709 $344,751 -- --
2024 $5,432 $335,035 -- --
2023 $5,432 $325,277 $0 $0
2022 $5,227 $315,803 $218,572 $97,231
2021 $4,973 $253,942 $176,392 $77,550
2020 $4,946 $251,662 $173,653 $78,009
2019 $4,671 $235,461 $158,314 $77,147
2018 $4,419 $228,034 $150,437 $77,597
2017 $3,222 $142,850 $0 $0
2016 $2,922 $129,864 $0 $0
2015 $2,717 $118,059 $0 $0
2014 $2,459 $107,327 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sherry Lebowitz

    Seller's Agent in 2018

    Sherry Lebowitz

    Lifestyle International Realty

    (305) 496-0687

    96 Total Sales

    Sherry Lebowitz
    Section Image

  • R

    Buyer's Agent in 2018

    Riccardo Bailey

    MMLS Assoc.-Inactive Member

    Section Image
  • Rob Eldredge

    Seller's Agent in 2013

    Rob Eldredge

    RWE Real Estate Services

    (954) 873-4717

    24 Total Sales

    Rob Eldredge
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10396447

MIAMI REALTORS® MLS

APN: 30-2231-040-0270

Florida Miami/Dade County Miami 33161

254 NE 116th St, Miami, FL

This home is located at 254 NE 116th St, Miami, FL 33161 since 07 January 2018 and is currently estimated at $723,966, approximately $559 per square foot. This property was built in 1944. 254 NE 116th St is a home located in Miami-Dade County with nearby schools including Gratigny Elementary School, North Miami Middle School, and North Miami 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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