NOT LISTED FOR SALE

2987 SW 2nd St Miami, FL 33135

West Flagler Neighborhood

Estimated Value: $873,000 - $1,328,048

6 Beds
5 Baths
4,485 Sq Ft
$228/Sq Ft Est. Value

Sale Details

Date Sold: June 7, 2021

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

Est. 76% increase in value since last sale

Current estimated payment $7,069 / mo

35 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Ceramic Tile Flooring

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 Buyer's Agent

Javier Sarabia

EXP Realty LLC License #3375473

EXP Realty LLC

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
  • Shingle Roof

Interior Spaces

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

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Cable TV Not Available

Listing and Financial Details

  • Assessor Parcel Number 0141030400750

Community Details

Overview

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

Building Details

  • Gross Income $4,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,903

Year Built

Built in 1939

Lot Details

0.26 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1939
  • New Construction: No
  • Structure Type: Duplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 4485.0
  • Stories: 1

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Separate Meters
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0141030400750
  • Mobile Dim Units: Feet
  • Zoning: 5700

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 13903.0

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 4750.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Jun 7, 2021
Sold by
Palacios Frank V
Bought by
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
$1,017,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,902
Avg. Annual Appreciation
11.33%
Original Mortgage
$435,000
Outstanding Balance
$385,156
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$636,856

Purchase Details

Listed on
Aug 1, 2019
Closed on
Mar 17, 2020
Sold by
Bella 17 Llc
Bought by
Palacios Frank V
Seller's Agent
Nicole Asher Braxton
Vreeland Real Estate LLC
Buyer's Agent
Timothy Haynackie
Coldwell Banker Realty
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in West Flagler, FL

  • Ileana Rodriguez P.A. Real Estate Agent - RE/MAX Advance Realty II

    Ileana Rodriguez P.A.

    RE/MAX Advance Realty II

    (786) 442-1182

    71 Total Sales

    1 in West Flagler

    $495,000 Price

    Ileana Rodriguez P.A.
     Section Image
  • Rolando Garcia Real Estate Agent - Florida Capital Realty

    Rolando Garcia

    Florida Capital Realty

    (786) 321-7989

    39 Total Sales

    2 in West Flagler

    $840K - $875K Price Range

    Rolando Garcia
     Section Image
  • Emilio Prieto Real Estate Agent - Douglas Elliman

    Emilio Prieto

    Douglas Elliman

    (844) 472-1070

    19 Total Sales

    1 in West Flagler

    $310,000 Price

    Emilio Prieto
     Section Image
  • Silvia Yaniz Real Estate Agent - One Sotheby's International Realty

    Silvia Yaniz

    One Sotheby's International Realty

    (855) 743-1994

    38 Total Sales

    2 in West Flagler

    $850,000 Price Range

    Silvia Yaniz
     Section Image
  • Cesar Diaz Real Estate Agent - Coldwell Banker Realty

    Cesar Diaz

    Coldwell Banker Realty

    (561) 475-5719

    34 Total Sales

    1 in West Flagler

    $674,000 Price

    Cesar Diaz
     Section Image
  • Javier Santana Real Estate Agent - Sunland Real Estate, LLC.

    Javier Santana

    Sunland Real Estate, LLC.

    (786) 926-8922

    107 Total Sales

    1 in West Flagler

    $85,000 Price

    Javier Santana
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $435,000
Previous Owner Palacios Frank V $452,014
Previous Owner Martinez Jorge J $325,000
Previous Owner Martinez Jorge J $270,000
Previous Owner Martinez Jorge Jesus $180,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2021 06/07/21 Sold $580,000 -10.8% $129 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
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: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Javier Sarabia Real Estate Agent - EXP Realty LLC

    Buyer's Agent in 2021

    Javier Sarabia

    EXP Realty LLC

    (305) 986-2107

    53 Total Sales

    Javier Sarabia
    Section Image

  • NA

    Seller's Agent in 2020

    Nicole Asher Braxton

    Vreeland Real Estate LLC

    (954) 738-1755

    3 Total Sales

    Nicole Asher Braxton
    Section Image
  • Timothy Haynackie Real Estate Agent - Coldwell Banker Realty

    Buyer's Agent in 2020

    Timothy Haynackie

    Coldwell Banker Realty

    (305) 200-9483

    36 Total Sales

    Timothy Haynackie
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11019349

BeachesMLS (Greater Fort Lauderdale)

APN: 01-4103-040-0750

Florida Miami/Dade County Miami 33135 West Flagler

2987 SW 2nd St, Miami, FL

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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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