NOT LISTED FOR SALE

2718 SW 31st Place Miami, FL 33133

Northeast Coconut Grove Neighborhood

Estimated Value: $807,000 - $1,096,000

2 Beds
1 Bath
2,950 Sq Ft
$305/Sq Ft Est. Value

Last Sold July 26, 2023

Last sale price $745,000 $253 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,025/month

33 Days on Market

Highlights

  • Old Spanish Architecture
  • No HOA
  • Heating Available
  • Coral Gables Senior High School Rated A-
  • Cooling Available

About This Home

As of July 2023

Prime Central Miami Duplex with Unmatched Location and Exceptional Investment Potential. Quick reposition to 7.4% Cap. The property has 6 Bedrooms -5.5 Baths and is well maintained with quality long term Tenants. With its central location and multiple appealing features, this duplex presents an exceptional investment opportunity. Miami's robust real estate market offers the potential for long-term appreciation and consistent rental income. Investors will recognize the value of this property and the promising returns it can provide. The property boasts a prime location with effortless access to US1, the Metrorail Station, Coconut Grove, schools, parks, shopping, and entertainment. (It has a non-conforming use with 3 units)

Last Agent to Sell the Property

Claudia Del Toro

Cervera Real Estate Inc. License #3100027 Listed on: 06/22/2023

Cervera Real Estate Inc.

Last Buyer's Agent

Claudia Del Toro

Cervera Real Estate Inc. License #3100027 Listed on: 06/22/2023

Cervera Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,779

Year Built

  • Built in 1947

Lot Details

  • 5,489

Parking

  • 4 Parking Spaces

Home Design

  • Triplex
  • Old Spanish Architecture
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,950 Sq Ft Home
  • 3-Story Property

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 3 Units
  • South Bay Estates Condos
  • South Bay Estates Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 01-41-16-023-1150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,779

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1947
  • Property Sub Type: Triplex
  • Architectural Style: Old Spanish
  • Horses: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Triplex
  • Subdivision Name: SOUTH BAY ESTATES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Other
  • Living Area: 2950
  • Possible Use: Unknown/Withheld
  • Stories: 3

Exterior Features

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

Garage/Parking

  • Park Building Name: SOUTH BAY ESTATES
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-16-023-1150
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9779

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2012
Sold by
Rodriguez Jorge A and Asorey Jane
Bought by
Marmol Francisco Lagos and Delacre Paloma Maria
Current Estimated Value
$898,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Outstanding Balance
$34,541
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$904,678

Purchase Details

Closed on
Nov 27, 2006
Sold by
Rodriguez Jorge A and Asorey Jane
Bought by
Rodriguez Jorge A and Asorey Jane

Purchase Details

Closed on
Feb 2, 2005
Sold by
Rodriguez Margarita
Bought by
Asorey Jane and Rodriguez Jorge A

Purchase Details

Closed on
Jan 21, 1999
Sold by
Rodriguez Margartia
Bought by
Rodriguez Margarita and Rodriguez Jorge A

Purchase Details

Closed on
Nov 8, 1993
Sold by
Rodriguez Jose E
Bought by
Rodriguez Margarita
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
Marmol Francisco Lagos $265,000 Key International Title & Es
Rodriguez Jorge A -- None Available
Asorey Jane $2,700 --
Rodriguez Margarita $100 --
Rodriguez Margarita -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marmol Francisco Lagos $185,500
Closed Marmol Francisco Lagos $185,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2023 07/26/23 Sold $745,000 -4.5% $253 / Sq Ft
06/22/2023 06/22/23 For Sale $780,000 -- $264 / 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 $13,253 $685,980 -- --
2024 $11,017 $623,619 $384,830 $238,789
2023 $11,017 $466,420 $0 $0
2022 $9,779 $424,019 $0 $0
2021 $8,950 $385,472 $225,511 $159,961
2020 $8,642 $370,074 $209,077 $160,997
2019 $8,234 $365,633 $203,599 $162,034
2018 $7,615 $361,191 $198,121 $163,070
2017 $6,998 $282,901 $0 $0
2016 $6,529 $257,183 $0 $0
2015 $6,051 $233,803 $0 $0
2014 $5,775 $212,549 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Claudia Del Toro

    Seller's Agent in 2023

    Claudia Del Toro

    Cervera Real Estate Inc.

    (305) 374-3434

    2 in this area

    29 Total Sales

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11407792

MIAMI REALTORS® MLS

APN: 01-4116-023-1150

Florida Miami/Dade County Miami 33133 Northeast Coconut Grove

2718 SW 31st Place, Miami, FL

This home is located at 2718 SW 31st Place, Miami, FL 33133 since 22 June 2023 and is currently estimated at $898,616, approximately $304 per square foot. This property was built in 1947. 2718 SW 31st Place is a home located in Miami-Dade County with nearby schools including Frances S. Tucker Elementary School, Ponce de Leon Middle School, and Coral Gables 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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