NOT LISTED FOR SALE

Estimated Value: $511,000 - $684,000

5 Beds
2 Baths
1,881 Sq Ft
$317/Sq Ft Est. Value

Last Sold February 21, 2021

Last sale price $212,000 $113 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $3,820/month

16 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 2-minute walk to Melrose Park
  • Concrete Block With Brick

About This Home

As of February 2021

DUPLEX IN MIAMI (REAL 4 UNITS) Great income producing duplex for sale in Allapattah. Lot has plenty of space to build another 1/1 in the back, Property has a great potential.
Property consists of 4 units: 3bed/1bath Rented, 1bed/1bath Rented, 1bed/1bath Rented, 1bed/1bath owner occupied.

Last Agent to Sell the Property

Nei Andreani

Douglas Elliman License #3331243 Listed on: 11/27/2020

Douglas Elliman

Last Buyer's Agent

Nei Andreani

Douglas Elliman License #3331243 Listed on: 11/27/2020

Douglas Elliman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,263

Year Built

  • Built in 1937

Lot Details

  • 6,752

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Concrete Block With Brick

Interior Spaces

  • 1,881 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Melrose Heights 3Rd Addn Condos
  • Melrose Heights 3Rd Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-31-28-011-0500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,263

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1937
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: MELROSE HEIGHTS 3RD ADDN
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 1881
  • Possible Use: Primary
  • Stories: 2

Exterior Features

  • Roof: Other
  • Construction Type: Concrete Block With Brick
  • Lot Features: Other Lot Description
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MELROSE HEIGHTS 3RD ADDN
  • Total Parking Spaces: 4

Utilities

  • Sewer: Other
  • 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: 30-31-28-011-0500
  • Zoning: 5700 DUPLEXES - GENE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1263

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2020
Closed on
Jan 19, 2021
Sold by
Cortada Alexander Xavier and Cortada Teresa
Bought by
Professional Wealth Management Llc
Seller's Agent
Nei Andreani
Douglas Elliman
Buyer's Agent
Nei Andreani
Douglas Elliman
List Price
$299,000
Sold Price
$212,000
Premium/Discount to List
-$87,000
-29.1%
Current Estimated Value
$596,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,103
Avg. Annual Appreciation
24.03%
Original Mortgage
$167,930
Interest Rate
2.67%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 24, 2018
Sold by
Cortada Carlos J
Bought by
Cortada Carlos J and Cortada Alexander Xavier

Purchase Details

Closed on
Jul 11, 2017
Sold by
Gallusi Ernesto Miguel and Gallusi Beatriz
Bought by
Cortada Carlos J

Purchase Details

Closed on
Jan 20, 2006
Sold by
Cortada Carlos J and Gallusi Eduardo B
Bought by
Cortada Carlos J and Gallusi Eduardo B
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
Professional Wealth Management Llc $212,000 Title Now Llc
Cortada Carlos J -- Attorney
Cortada Carlos J -- Attorney
Cortada Carlos J $30,000 Attorney
Cortada Carlos J -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Professional Wealth Management Llc $167,930
Previous Owner Cortada Carlos J $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2021 02/21/21 Sold $212,000 -29.1% $113 / Sq Ft
11/25/2020 11/25/20 For Sale $299,000 -- $159 / 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 $6,866 $322,381 -- --
2024 $5,855 $293,074 -- --
2023 $5,855 $266,431 $0 $0
2022 $5,166 $242,210 $148,335 $93,875
2021 $4,694 $210,716 $135,036 $75,680
2020 $1,263 $61,687 $0 $0
2019 $1,254 $60,301 $0 $0
2018 $1,192 $59,177 $0 $0
2017 $1,188 $57,960 $0 $0
2016 $1,148 $56,768 $0 $0
2015 $1,152 $56,374 $0 $0
2014 $1,164 $55,927 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10962822

MIAMI REALTORS® MLS

APN: 30-3128-011-0500