NOT LISTED FOR SALE

2991 NW 31st Ave Miami, FL 33142

Melrose Heights Neighborhood

Estimated Value: $443,000 - $485,000

1 Bed
1 Bath
857 Sq Ft
$536/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $286,000 $334 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,970/month

21 Days on Market

Highlights

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

About This Home

As of September 2019

CENTRALLY LOCATED DUPLEX, 2 BEDROOMS 1 BATH ON EACH HOUSE, 2 LIGHT METERS, NEEDS TLC.

Last Agent to Sell the Property

Luis Arguello

Sun Realty Investments Inc License #0616915 Listed on: 07/23/2019

Last Buyer's Agent

Frank Campos

Campos Commercial Real Estate LLC License #3368417

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,663

Year Built

  • Built in 1952

Lot Details

  • 5,401

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 857 Sq Ft Home
  • 1-Story Property
  • Casement Windows
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 30-31-28-011-2222

Community Details

Overview

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

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,663

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1952
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • 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: None
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Ceramic Floor
  • Living Area: 857
  • Possible Use: Primary
  • Stories: 1
  • Window Features: Casement

Exterior Features

  • Roof: Shingle
  • Exterior Features: Fruit Trees
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: Handyman Special
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MELROSE HEIGHTS 3RD ADDN
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-31-28-011-2222
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2663

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2019
Closed on
Sep 30, 2019
Sold by
Grullon Altagracia
Bought by
Thompson Kai Philip
Seller's Agent
Luis Arguello
Sun Realty Investments Inc
Buyer's Agent
Frank Campos
Campos Commercial Real Estate LLC
List Price
$295,000
Sold Price
$286,000
Premium/Discount to List
-$9,000
-3.05%
Current Estimated Value
$459,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,003
Avg. Annual Appreciation
8.37%
Original Mortgage
$280,819
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 2007
Sold by
Estevez Gustavo J and Bernal Thomas
Bought by
Grullon Altagracia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 18, 1995
Sold by
Estevez Gustavo J and Estevez Zunilda
Bought by
Estevez Gustavo J and Bernal Tomas
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
Thompson Kai Philip $286,000 Mv Title Inc
Grullon Altagracia $310,000 Jmi Title Services Inc
Estevez Gustavo J $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Kai Philip $352,500
Closed Thompson Kai Philip $280,819
Previous Owner Grullon Altagracia $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $286,000 -3.1% $334 / Sq Ft
08/11/2019 08/11/19 Pending -- -- --
07/21/2019 07/21/19 For Sale $295,000 -- $344 / 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 $5,854 $315,322 -- --
2024 $5,257 $286,657 -- --
2023 $5,257 $260,598 $0 $0
2022 $4,687 $236,908 $0 $0
2021 $4,292 $215,371 $108,336 $107,035
2020 $3,974 $196,840 $89,377 $107,463
2019 $1,977 $123,431 $54,168 $69,263
2018 $0 $126,516 $54,168 $72,348
2017 $803 $43,836 $0 $0
2016 $776 $42,935 $0 $0
2015 $774 $42,637 $0 $0
2014 $778 $42,299 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Luis Arguello

    Seller's Agent in 2019

    Luis Arguello

    Sun Realty Investments Inc

    (305) 984-4253

    32 Total Sales

    Luis Arguello
    Section Image

  • F

    Buyer's Agent in 2019

    Frank Campos

    Campos Commercial Real Estate LLC

    1 in this area

    7 Total Sales

    Frank Campos
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10711648

MIAMI REALTORS® MLS

APN: 30-3128-011-2222

Florida Miami/Dade County Miami 33142 Melrose Heights

2991 NW 31st Ave, Miami, FL

This home is located at 2991 NW 31st Ave, Miami, FL 33142 since 23 July 2019 and is currently estimated at $459,003, approximately $535 per square foot. This property was built in 1952. 2991 NW 31st Ave is a home located in Miami-Dade County with nearby schools including Melrose Elementary School, Brownsville Middle School, and Miami Northwestern 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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