NOT LISTED FOR SALE

Estimated Value: $590,888 - $717,000

6 Beds
5 Baths
2,064 Sq Ft
$318/Sq Ft Est. Value

Last Sold August 12, 2021

Last sale price $400,000 $194 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $4,293/month

13 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • 5-minute walk to Melrose Park

About This Home

As of August 2021

Grand Duplexs with 6 bedrooms and five bathrooms; Excellent for investors or for a buyer who wants to pay a minimum monthly payment in his mortgages. One of the units is built with Frame stucco; the rest with block and concrete. Their monthly rent is $ 3,500.00 and can be increased. All the ceilings are brand new. Do not miss this great opportunity to obtain this property. Call the listing agent urgently. This property was legalized with Miami Dade County recently.

Last Agent to Sell the Property

Teodoro Martinez

Florida Capital Realty License #3129550 Listed on: 06/04/2021

Florida Capital Realty

Last Buyer's Agent

Yordano Crespo Castaneda

Avanti Way Brickell License #3407893

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,311

Year Built

  • Built in 1936

Lot Details

  • 6,882

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • 2,064 Sq Ft Home
  • 1-Story Property

Flooring

  • Concrete
  • Ceramic Tile

Utilities

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

Community Details

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

Listing and Financial Details

  • Rent includes trash collection
  • Assessor Parcel Number 30-31-28-011-0310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,311

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1936
  • Property Sub Type: Duplex
  • Architectural Style: Attached, Detached
  • Directions: GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: MELROSE HEIGHTS 3RD ADDN
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor, Concrete, Tile
  • Living Area: 2064
  • Possible Use: Primary
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: MELROSE HEIGHTS 3RD ADDN
  • Total Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Cooling: 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: 30-31-28-011-0310
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5311

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Aug 10, 2021
Sold by
Rodriguez Martin
Bought by
Crespo Yarien and Masson Rigoberto
Seller's Agent
Teodoro Martinez
Florida Capital Realty
Buyer's Agent
Yordano Crespo Castaneda
Avanti Way Brickell
List Price
$439,000
Sold Price
$400,000
Premium/Discount to List
-$39,000
-8.88%
Current Estimated Value
$660,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,578
Avg. Annual Appreciation
13.34%
Original Mortgage
$340,000
Outstanding Balance
$310,497
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$349,520

Purchase Details

Closed on
Oct 19, 2016
Sold by
Teodoro Martinez P A
Bought by
Rodriguez Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,019
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 7, 2015
Closed on
Feb 2, 2016
Sold by
Teodoro Martinez Pa
Bought by
Teodoro Martinez Pa
Seller's Agent
Hermes Leyva
United Realty Group Inc
Buyer's Agent
Hermes Leyva
United Realty Group Inc
List Price
$179,900
Sold Price
$120,000
Premium/Discount to List
-$59,900
-33.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.52%
Original Mortgage
$60,000
Interest Rate
3.81%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Dec 7, 2015
Closed on
Jan 21, 2016
Sold by
Cardona Luis F and Cardona Miriam
Bought by
Teodoro Martinez Pa
Seller's Agent
Hermes Leyva
United Realty Group Inc
Buyer's Agent
Hermes Leyva
United Realty Group Inc
List Price
$179,900
Sold Price
$120,000
Premium/Discount to List
-$59,900
-33.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 2, 2004
Sold by
Mendoza Rosa A
Bought by
Cardona Luis F and Cardona Miriam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.57%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 22, 2002
Sold by
Hud
Bought by
Mendoza Rosa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.92%

Purchase Details

Closed on
Aug 13, 2002
Sold by
Washington Mutual Bank Fa C
Bought by
Hud & Housing Of Urban Development

Purchase Details

Closed on
Jan 31, 2000
Sold by
Fernandez Evelio
Bought by
Garcia Carlos M

Purchase Details

Closed on
Jul 16, 1999
Sold by
Salguero Modesta B
Bought by
Fernandez Evelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,943
Interest Rate
7.43%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 1994
Sold by
Chappoten Maria and Perez Maria
Bought by
Salguero Modesta B
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
Crespo Yarien $400,000 Folio Title Llc
Rodriguez Martin $275,000 Venetian Title Services Inc
Teodoro Martinez Pa -- Attorney
Teodoro Martinez Pa $120,000 Attorney
Cardona Luis F $190,000 Miami Trust Title Company
Mendoza Rosa A $135,100 --
Hud & Housing Of Urban Development -- --
Garcia Carlos M $160,000 --
Fernandez Evelio $112,000 --
Salguero Modesta B $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crespo Yarien $168,500
Open Crespo Yarien $340,000
Previous Owner Rodriguez Martin $12,615
Previous Owner Rodriguez Martin $270,019
Previous Owner Teodoro Martinez Pa $60,000
Previous Owner Cardona Luis F $153,000
Previous Owner Mendoza Rosa A $108,000
Previous Owner Fernandez Evelio $111,943
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2021 08/12/21 Sold $400,000 -8.9% $194 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $439,000 +265.8% $213 / Sq Ft
01/21/2016 01/21/16 Sold $120,000 -33.3% $56 / Sq Ft
12/28/2015 12/28/15 Pending -- -- --
11/19/2015 11/19/15 For Sale $179,900 -- $85 / 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 $8,106 $448,314 $255,300 $193,014
2024 $7,760 $431,305 -- --
2023 $7,760 $382,257 $0 $0
2022 $6,961 $347,507 $151,954 $195,553
2021 $5,713 $259,549 $0 $0
2020 $5,311 $258,671 $113,837 $144,834
2019 $4,780 $214,504 $69,023 $145,481
2018 $4,561 $221,664 $69,023 $152,641
2017 $4,266 $190,074 $0 $0
2016 $2,928 $103,536 $0 $0
2015 $2,868 $94,124 $0 $0
2014 -- $85,568 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11052119

MIAMI REALTORS® MLS

APN: 30-3128-011-0310