NOT LISTED FOR SALE

Estimated Value: $809,823 - $992,000

4 Beds
2 Baths
1,694 Sq Ft
$535/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $480,000 $283 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,052/month

27 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Fenced
  • Coral Gables Senior High School Rated A-
  • Central Heating and Cooling System
  • 5-minute walk to Douglas Park

About This Home

As of October 2020

This unique & well-maintained duplex are separate structures that are nestled in a great location close to Coral Gables & Coconut Grove. Each home is a 2 bedroom/1 bathroom both featuring an upgraded kitchen & bath plus a private backyard. Other features are 4 private parking spaces & each home has a washer/dryer. Both homes come with newer A/C units & appliances are all in great condition as well. This is not your ordinary duplex with a shared wall, rather 2 individual homes. A fantastic opportunity for a potential investor due to location demand for rentals & its unique features on the lot. Another option is to live in one to make it your own and rent out the other home for extra income.

Last Agent to Sell the Property

Oscar Arellano

Coldwell Banker Realty License #3060275 Listed on: 07/16/2020

Coldwell Banker Realty

Last Buyer's Agent

Ruddy Arevalo

Miami New Realty License #3268678

Miami New Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,818

Year Built

  • Built in 1951

Lot Details

  • 7,013

Home Design

  • Single Family Detached Home
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,694 Sq Ft Home
  • 1-Story Property

Flooring

  • Tile
  • Terrazzo

Additional Features

  • Fenced
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $39,300
  • Rent includes gardener, water
  • Assessor Parcel Number 01-41-16-019-1100

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Overbrook Park Condos
  • Overbrook Park Subdivision

Building Details

  • Operating Expense $13,618
  • Net Operating Income $25,682

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,818

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1951
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: OVERBROOK PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile
  • Living Area: 1694
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: OVERBROOK PARK

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • 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: 01-41-16-019-1100
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Water

Multi Family

  • Net Operating Income: 25682
  • Number Of Units In Community: 2
  • Annual Operating Expense: 13618
  • Total Actual Rent: 39300

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7818

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2020
Closed on
Oct 13, 2020
Sold by
Prahl Michael J and Prahl Michael
Bought by
Tavares Renato David and Pena Elianna Paulina
Seller's Agent
Oscar Arellano
Coldwell Banker Realty
Buyer's Agent
Ruddy Arevalo
Miami New Realty
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%
Current Estimated Value
$906,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,456
Avg. Annual Appreciation
13.24%
Original Mortgage
$463,980
Outstanding Balance
$413,817
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$474,606

Purchase Details

Listed on
May 5, 2015
Closed on
Jul 2, 2015
Sold by
Edwards John K and Edwards Tomasa Y
Bought by
Prahl Michael J
Seller's Agent
Adrian Rodriguez
Prosper Realty, LLC
Buyer's Agent
William Prahl
MMLS Assoc.-Inactive Member
List Price
$339,999
Sold Price
$337,500
Premium/Discount to List
-$2,499
-0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$253,125
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2005
Sold by
Last Investment Inc
Bought by
Edwards John K and Edwards Tomasa Y

Purchase Details

Closed on
Dec 22, 2004
Sold by
Deguzman Jorge and Perez Patricia
Bought by
Last Investment Inc

Purchase Details

Closed on
Aug 2, 1999
Sold by
Bak John S and Bak Celeste L
Bought by
Deguzman Jorge and Deguzman Carmen
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
Tavares Renato David $480,000 Efficient Title And Escrow
Prahl Michael J $337,500 Attorney
Edwards John K $357,000 --
Last Investment Inc $271,000 --
Deguzman Jorge $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tavares Renato David $463,980
Previous Owner Prahl Michael J $253,125
Previous Owner Deguzman Jorge $151,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $480,000 -1.0% $283 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
08/06/2020 08/06/20 Price Changed $485,000 -3.0% $286 / Sq Ft
07/15/2020 07/15/20 For Sale $500,000 +48.1% $295 / Sq Ft
07/02/2015 07/02/15 Sold $337,500 -0.7% $176 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $339,999 -- $177 / 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 $15,180 $624,125 -- --
2024 $14,701 $585,667 -- --
2023 $14,701 $549,923 $426,938 $122,985
2022 $9,399 $409,549 $0 $0
2021 $8,670 $372,318 $287,212 $85,106
2020 $8,253 $351,808 $265,995 $85,813
2019 $7,818 $342,974 $258,750 $84,224
2018 $7,433 $336,931 $252,022 $84,909
2017 $6,728 $281,726 $0 $0
2016 $6,453 $260,841 $0 $0
2015 $4,684 $142,740 $0 $0
2014 $4,063 $129,764 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10893057

MIAMI REALTORS® MLS

APN: 01-4116-019-1100