NOT LISTED FOR SALE

Estimated Value: $573,263 - $962,000

5 Beds
2 Baths
1,956 Sq Ft
$374/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $435,000 $222 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,782/month

66 Days on Market

Highlights

  • Deck
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No HOA
  • Patio
  • 5-minute walk to Melrose Park

About This Home

As of May 2021

Property being sold "As-Is". Great passive income producing property in an high rental demand area. Property will always be rented and both units can fetch between $1600 and $2,200 per month passive income. Tenants pay their own water and electricity. Property is located close to all highways, downtown Miami and Miami International Airport.

SHOWINGS BY APPOINTMENT ONLY!!! 48 HOUR NOTICE. You are welcome to drive by without disturbing the tenants. SEE BROKERS REMARKS.

Last Agent to Sell the Property

Danay Puebla Llanos

Landan Realty LLC License #3315105 Listed on: 02/16/2021

Last Buyer's Agent

Raul Pino

The Hype Real Estate Group Corp License #3423287

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,861

Year Built

  • Built in 1928

Lot Details

  • 5,750

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,956 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $42,900
  • Assessor Parcel Number 01-31-27-033-0220

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Malverndale Condos
  • Malverndale Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,861

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1928
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Directions: USE GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: MALVERNDALE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1956
  • Possible Use: Primary
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction, Frame With Stucco
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MALVERNDALE
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-27-033-0220
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4861

Multi Family

  • Number Of Units In Community: 2
  • Total Actual Rent: 42900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
May 13, 2021
Sold by
Hife Properties Llc
Bought by
Pino Raul Andres
Seller's Agent
Danay Puebla Llanos
Landan Realty LLC
Buyer's Agent
Raul Pino
The Hype Real Estate Group Corp
List Price
$459,900
Sold Price
$435,000
Premium/Discount to List
-$24,900
-5.41%
Current Estimated Value
$732,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,316
Avg. Annual Appreciation
13.44%
Original Mortgage
$427,121
Outstanding Balance
$388,136
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$356,272

Purchase Details

Closed on
Aug 28, 2020
Sold by
Wbh Investments Llc
Bought by
Hife Properties Llc

Purchase Details

Listed on
Dec 19, 2018
Closed on
Aug 26, 2019
Sold by
Gonzalez Katiuska
Bought by
W B H Investments Llc
Seller's Agent
Carlos Azcarate
Apex International Realty, LLC.
Buyer's Agent
Denise Olivares
Brickell Brokers LLC
List Price
$230,000
Sold Price
$187,000
Premium/Discount to List
-$43,000
-18.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.99%
Original Mortgage
$168,300
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 2, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Gonzalez Pedro Sergio

Purchase Details

Closed on
Dec 19, 2007
Sold by
Osorno Denis and Osorno Denis A
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Dec 10, 2004
Sold by
Lujan Francisco
Bought by
Osorno Denis A and Delgado Mayela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
7.45%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 2, 2003
Sold by
Lujan Design Studio Inc
Bought by
Lujan Francisco

Purchase Details

Closed on
Jan 21, 1999
Sold by
Caribe Insurance Agency Corp
Bought by
Lujan Design Studio Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 1994
Sold by
Clerk Circuit Court
Bought by
Caribe Ins Agy Corp
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
Pino Raul Andres $435,000 Federated Title & Trust
Hife Properties Llc $375,000 Attorney
W B H Investments Llc $187,000 Title Guaranty Of South Fl I
Gonzalez Pedro Sergio $63,000 Southern Financial Title Ser
Deutsche Bank National Trust Co -- None Available
Osorno Denis A $265,000 --
Lujan Francisco $67,000 --
Lujan Design Studio Inc $90,000 --
Caribe Ins Agy Corp $41,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pino Raul Andres $140,986
Closed Pino Raul Andres $98,237
Closed Pino Raul Andres $64,450
Open Pino Raul Andres $427,121
Previous Owner W B H Investments Llc $168,300
Previous Owner Osorno Denis A $238,500
Previous Owner Caribe Ins Agy Corp $63,989
Previous Owner Caribe Ins Agy Corp $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $435,000 +0.2% $222 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/01/2021 04/01/21 Price Changed $434,300 -0.1% $222 / Sq Ft
03/24/2021 03/24/21 Price Changed $434,900 -5.1% $222 / Sq Ft
03/24/2021 03/24/21 Price Changed $458,500 -0.3% $234 / Sq Ft
02/16/2021 02/16/21 For Sale $459,900 +145.9% $235 / Sq Ft
08/28/2019 08/28/19 Sold $187,000 -18.7% $96 / Sq Ft
04/06/2019 04/06/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $230,000 0.0% $118 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
12/18/2018 12/18/18 For Sale $230,000 -- $118 / 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 $9,498 $456,001 $288,000 $168,001
2024 $9,036 $435,996 -- --
2023 $9,036 $396,360 $0 $0
2022 $8,188 $360,328 $172,800 $187,528
2021 $7,397 $312,391 $172,800 $139,591
2020 $5,064 $202,062 $115,200 $86,862
2019 $4,810 $202,491 $115,200 $87,291
2018 $4,417 $191,402 $103,680 $87,722
2017 $3,970 $151,511 $0 $0
2016 $1,803 $83,037 $0 $0
2015 $1,718 $78,531 $0 $0
2014 $1,730 $74,378 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10998946

MIAMI REALTORS® MLS

APN: 01-3127-033-0220