NOT LISTED FOR SALE

301 Majorca Ave Coral Gables, FL 33134

Coral Gables Section Neighborhood

Estimated Value: $2,906,562

-- Bed
-- Bath
12,297 Sq Ft
$236/Sq Ft Est. Value

Last Sold February 12, 2013

Last sale price $820,000 $67 Per Sq Ft

Est. 254% increase in value since last sale

Current estimated payment $15,714/month

190 Days on Market

Highlights

  • 12,297 Acre Lot
  • No HOA
  • Landscaped with Trees
  • Coral Gables Preparatory Academy Rated A-

About This Home

As of February 2013

1st time on the market. Vacant corner lot on Majorca and Salzedo. Walking distance to Miracle Mile. Over 12,000 sq. ft. Excellent Investment, owner financing available. Broker please see attachment, for Article 4 Zoning districts Information. As per selle r, can build up to 14-16 units.

Last Agent to Sell the Property

Zandra Mederos

MMLS Assoc.-Inactive Member License #0671742 Listed on: 07/02/2012

Co-Listed By

Lazaro Vilarchao

Realty Quest Group License #3250364

Last Buyer's Agent

Joseph Zichelle

Compass Florida, LLC License #3011101

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,953

Year Built

  • Built in 1949

Lot Details

  • 12,297 Acre Lot
  • 1 Ft Wide Lot
  • Landscaped with Trees

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Coral Gables Sec K Condos
  • Coral Gables Sec K Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-41-08-006-0380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,953

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Year Built: 1949
  • Ownership: Corporation
  • Property Sub Type: Multi Family
  • Horses: No
  • Lot Size Acres: 12297
  • Lot Size: 1x1
  • New Construction: No
  • Road Frontage Type: County Road, Public Road
  • Road Surface Type: Paved
  • Structure Type: Multi Family
  • Subdivision Name: CORAL GABLES SEC K
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Investment, Central Urban

Exterior Features

  • Lot Features: City Location, Rock Land, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CORAL GABLES SEC K

Utilities

  • Sewer: Other
  • Water Source: Municipal Water
  • Green Building Features: Filled
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 03-41-08-006-0380
  • Additional Parcels: No
  • Current Use: Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 12297
  • Zoning: 50/GEN H
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 16953

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2022
Sold by
301 Majorca Owner Llc
Bought by
City Of Coral Gables
Current Estimated Value
$2,906,562

Purchase Details

Closed on
Jul 28, 2022
Sold by
Jr Huberts Llc
Bought by
301 Majorca Owner Llc

Purchase Details

Closed on
Mar 19, 2015
Sold by
Spinglet Llc
Bought by
Jr Huberts Llc

Purchase Details

Closed on
Apr 17, 2013
Sold by
301 Majorca Llc
Bought by
Spinglet Llc

Purchase Details

Listed on
Jul 2, 2012
Closed on
Feb 8, 2013
Sold by
Matagar Development Llc
Bought by
301 Majorca Llc
Seller's Agent
Zandra Mederos
MMLS Assoc.-Inactive Member
Buyer's Agent
Joseph Zichelle
Compass Florida, LLC
List Price
$849,000
Sold Price
$820,000
Premium/Discount to List
-$29,000
-3.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.53%

Purchase Details

Closed on
Mar 14, 2005
Sold by
Orion Holdings Inc
Bought by
Matagar Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,058,000
Interest Rate
5.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 12, 2004
Sold by
Obdulia Jet Inc
Bought by
Orion Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
5.63%
Mortgage Type
Unknown
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
City Of Coral Gables -- --
City Of Coral Gables -- None Listed On Document
301 Majorca Owner Llc $2,250,000 Smgq Law
Jr Huberts Llc -- None Available
Spinglet Llc $1,170,000 Attorney
301 Majorca Llc $820,000 Attorney
Matagar Development Llc $1,900,000 Florida Title & Escrow Co
Orion Holdings Inc $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matagar Development Llc $1,058,000
Previous Owner Orion Holdings Inc $695,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2013 02/12/13 Sold $820,000 -3.4% $67 / Sq Ft
01/08/2013 01/08/13 Pending -- -- --
07/02/2012 07/02/12 For Sale $849,000 -- $69 / 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 -- $2,029,005 -- --
2024 -- $1,844,550 $1,844,550 --
2023 $0 $1,844,550 $1,844,550 $0
2022 $24,768 $1,285,036 $0 $0
2021 $21,981 $1,168,215 $1,168,215 $0
2020 $21,777 $1,168,215 $1,168,215 $0
2019 $21,046 $1,229,700 $1,229,700 $0
2018 $19,397 $1,229,700 $1,229,700 $0
2017 $16,108 $860,790 $0 $0
2016 $16,436 $860,790 $0 $0
2015 $14,447 $676,335 $0 $0
2014 $12,575 $614,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2013

    Zandra Mederos

    MMLS Assoc.-Inactive Member

    Section Image
  • Lazaro Vilarchao

    Seller Co-Listing Agent in 2013

    Lazaro Vilarchao

    Realty Quest Group

    (786) 412-7825

    5 Total Sales

    Lazaro Vilarchao
    Section Image
  • Joseph Zichelle

    Buyer's Agent in 2013

    Joseph Zichelle

    Compass Florida, LLC

    (310) 623-7017

    28 Total Sales

    Joseph Zichelle
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1659971

MIAMI REALTORS® MLS

APN: 03-4108-006-0380

Florida Miami/Dade County Coral Gables 33134 Coral Gables Section

301 Majorca Ave, Coral Gables, FL

This home is located at 301 Majorca Ave, Coral Gables, FL 33134 since 02 July 2012 and is currently estimated at $2,906,562, approximately $236 per square foot. This property was built in 1949. 301 Majorca Ave is a home located in Miami-Dade County with nearby schools including Coral Gables Preparatory Academy, Ponce de Leon Middle School, and Coral Gables 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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