NOT LISTED FOR SALE

2987 SW 2nd St Miami, FL 33135

West Flagler Neighborhood

Estimated Value: $794,000 - $1,202,130

6 Beds
5 Baths
4,485 Sq Ft
$233/Sq Ft Est. Value

Last Sold June 07, 2021

Last sale price $580,000 $129 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $6,979/month

35 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • Concrete Block With Brick
  • Central Heating and Cooling System

About This Home

As of June 2021

INVESTORS DREAM IN LITTLE HAVANA, 2 houses with 2 electrical meters 2 water meters Sitting on 11,250 sq ft lot. Zoned T3-O. Currently configured as one folio and can easily be legalized as 2 folios. 2987 and 2985 Property with about 20% vacancy due to current matters the portion that is rented is currently rented under value in a month to month basis and can easily be generating more. Tenants pay for utilities. 2985 was built in 1991. Property has plenty of space and lots of potential. This rough diamond is in need of minor repairs, cleaning mostly, Well located with Laundry on site.

Last Agent to Sell the Property

Felipe Guifarro

Ahmanteri Realty Group License #3244426 Listed on: 04/05/2021

Last Buyer's Agent

Javier Sarabia

EXP Realty LLC License #3375473

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,903

Year Built

  • Built in 1939

Lot Details

  • 0.26

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Concrete Block With Brick
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,485 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

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

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 01-41-03-040-0750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,903

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1939
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: CENTRAL PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 4485
  • Possible Use: Investment
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: CENTRAL PARK
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • 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: 01-41-03-040-0750
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 13903

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 7, 2021
Sold by
Palacios Frank V
Bought by
Pinton Hawatmeh Luz Maritza and Hawatmeh Zaid E
Seller's Agent
Felipe Guifarro
Ahmanteri Realty Group
Buyer's Agent
Javier Sarabia
EXP Realty LLC
List Price
$649,900
Sold Price
$580,000
Premium/Discount to List
-$69,900
-10.76%
Current Estimated Value
$1,043,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$463,283
Avg. Annual Appreciation
14.52%
Original Mortgage
$435,000
Outstanding Balance
$393,838
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$649,445

Purchase Details

Listed on
Jul 31, 2019
Closed on
Mar 17, 2020
Sold by
Bella 17 Llc
Bought by
Palacios Frank V
Seller's Agent
Nicole Asher Braxton
Thank You Realty LLC
List Price
$667,517
Sold Price
$565,017
Premium/Discount to List
-$102,500
-15.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.32%
Original Mortgage
$452,014
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2019
Sold by
Martinez Jorge J
Bought by
Bella 17 Llc

Purchase Details

Closed on
May 5, 2004
Sold by
Martinez Jorge J and Martinez Jose F
Bought by
Martinez Jorge J

Purchase Details

Closed on
Jun 26, 2001
Sold by
Jorge J Martinez I
Bought by
Martinez Jorge J and Martinez Jose F

Purchase Details

Closed on
Mar 16, 2001
Sold by
Jose F Martinez M and Jose Maria A
Bought by
Martinez Jorge J

Purchase Details

Closed on
Oct 13, 1993
Sold by
Martinez Jose F and Martinez Maria A
Bought by
Martinez Jose F and Martinez Maria A
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
Pinton Hawatmeh Luz Maritza $580,000 Miami Title Group Inc
Palacios Frank V $565,100 None Available
Bella 17 Llc $480,000 Waterford Title & Escrow Llc
Martinez Jorge J -- --
Martinez Jorge J $100 --
Martinez Jorge J $125,000 --
Martinez Jose F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinton Hawatmeh Luz Maritza $435,000
Previous Owner Palacios Frank V $452,014
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2021 06/07/21 Sold $580,000 -3.3% $129 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/16/2021 04/16/21 Price Changed $599,750 -7.7% $134 / Sq Ft
03/26/2021 03/26/21 For Sale $649,900 +15.0% $145 / Sq Ft
04/17/2020 04/17/20 Sold $565,017 -15.4% $126 / Sq Ft View Prior Sale
03/18/2020 03/18/20 Pending -- -- --
07/31/2019 07/31/19 For Sale $667,517 -- $149 / 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 $17,110 $875,262 -- --
2024 $16,385 $795,693 -- --
2023 $16,385 $723,358 $0 $0
2022 $14,317 $657,599 $359,908 $297,691
2021 $11,772 $518,314 $292,525 $225,789
2020 $13,903 $617,085 $270,328 $346,757
2019 $11,933 $585,958 $236,240 $349,718
2018 $11,081 $588,918 $236,240 $352,678
2017 $9,452 $406,528 $0 $0
2016 $8,826 $369,571 $0 $0
2015 $8,589 $352,079 $0 $0
2014 $8,383 $334,393 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Felipe Guifarro

    Seller's Agent in 2021

    Felipe Guifarro

    Ahmanteri Realty Group

    (305) 323-2052

    1 in this area

    45 Total Sales

    Felipe Guifarro
    Section Image
  • Javier Sarabia

    Buyer's Agent in 2021

    Javier Sarabia

    EXP Realty LLC

    (305) 986-2107

    1 in this area

    57 Total Sales

    Javier Sarabia
    Section Image

  • N

    Seller's Agent in 2020

    Nicole Asher Braxton

    Thank You Realty LLC

    (954) 738-1755

    6 Total Sales

    Nicole Asher Braxton
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11019349

MIAMI REALTORS® MLS

APN: 01-4103-040-0750

Florida Miami/Dade County Miami 33135 West Flagler

2987 SW 2nd St, Miami, FL

This home is located at 2987 SW 2nd St, Miami, FL 33135 since 05 April 2021 and is currently estimated at $1,043,283, approximately $232 per square foot. This property was built in 1939. 2987 SW 2nd St is a home located in Miami-Dade County with nearby schools including Auburndale Elementary School, Citrus Grove Middle School, and Miami 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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