$337,500
SOLD JUL 2, 2015
-- Bed
-- Bath
1,918 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$176 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • 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

Immaculately maintained duplex nestled within the heart of Miami between Coconut Grove and Coral Gables. This property boasts two separate 2 bedroom 1 bath homes with private yard space. Each home has upgraded kitchen and bath, and one even has remodele d flooring. A/C, roof and all appliances are in great condition. Currently generating $27,600 in annual rent, however, local demand is high and a potential investor has capacity to increase yield substantially by raising rent.

Last Agent to Sell the Property

Adrian Rodriguez

Prosper Realty, LLC License #3218323 Listed on: 05/05/2015

Last Buyer's Agent

William Prahl

MMLS Assoc.-Inactive Member License #0417154

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,062

Year Built

  • Built in 1951

Home Design

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

Interior Spaces

  • 1,918 Sq Ft Home
  • 1-Story Property

Flooring

  • Tile
  • Terrazzo

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $27,600
  • Rent includes gardener, water
  • Assessor Parcel Number 01-41-16-019-1100

Community Details

Overview

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

Building Details

  • Operating Expense $7,300
  • Net Operating Income $20,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,062

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: 1918
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Barrel Roof
  • Construction Type: CBS Construction
  • 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: 57/GENER
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Water

Multi Family

  • Net Operating Income: 20300
  • Number Of Units In Community: 4
  • Number Of Units Total: 2
  • Annual Operating Expense: 7300
  • Total Actual Rent: 27600

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 4062

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 Type Sale Price Title Company
Warranty Deed $480,000 Efficient Title And Escrow
Warranty Deed $337,500 Attorney
Warranty Deed $357,000 --
Trustee Deed $271,000 --
Warranty Deed $105,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $463,980 New Conventional
Previous Owner $253,125 New Conventional
Previous Owner $151,250 New Conventional
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: A2111659

MIAMI REALTORS® MLS

APN: 01-4116-019-1100