NOT LISTED FOR SALE

3031 NW 48th Terrace Miami, FL 33142

Estimated Value: $503,934 - $662,000

3 Beds
2.5 Baths
1,932 Sq Ft
$286/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $307,000 $159 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,322/month

67 Days on Market

Highlights

  • Wood Flooring
  • Complete Panel Shutters or Awnings
  • Accessible Hallway
  • No HOA
  • Porch
  • 4-minute walk to Jefferson Reaves, Sr. Park

About This Home

As of September 2020

This home is very spacious and is close to all major highways. Great price per square ft for a house of this size. Roof and windows are new! New garage door! The bedrooms are big. Screened in rear patio and open front porch. Gated entry way for garage and front walkway. Kitchen updated and new bathrooms! Garage has extra storage above. Hurricane shutters. Painted inside and out. This house will not last!!

Last Agent to Sell the Property

Louis Romano

Real Estate Asset Disp Corp. License #0525123 Listed on: 07/09/2020

Last Buyer's Agent

Javier Lopez

JV Realty Services License #3137509

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,025

Year Built

  • Built in 1953

Lot Details

  • 5,775 Sq Ft Lot
  • South Facing Home
  • Fenced
  • Property is zoned 0100

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,932 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Combination Dining and Living Room
  • Complete Panel Shutters or Awnings
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Hallway
  • Energy-Efficient Appliances
  • Porch

Community Details

  • No Home Owners Association
  • Home Owners Paradise Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-31-21-009-0960

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,025

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1953
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: HOME OWNERS PARADISE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Family Room
  • Accessibility Features: Accessible Hallway(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Ceramic Floor, Wood
  • Furnished: Unfurnished
  • Living Area: 1932
  • Possible Use: Primary
  • Window Features: Complete Panel Shutters/Awnings, Hurricane Shutters
  • Bedroom Features: Entry Level, Master Bedroom Ground Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Family Room

Exterior Features

  • Roof: Shingle
  • View: None
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch, Screened Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: HOME OWNERS PARADISE
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-31-21-009-0960
  • Lot Size Sq Ft: 5775
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Appliances

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2020
Closed on
Sep 14, 2020
Sold by
Sofla Re Assets Llc
Bought by
Pineda Alejandro Mondeja and Salas Betilin Moro
Seller's Agent
Louis Romano
Real Estate Asset Disp Corp.
Buyer's Agent
Javier Lopez
JV Realty Services
List Price
$318,000
Sold Price
$307,000
Premium/Discount to List
-$11,000
-3.46%
Current Estimated Value
$553,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,234
Avg. Annual Appreciation
12.17%
Original Mortgage
$301,439
Outstanding Balance
$267,011
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$286,223

Purchase Details

Listed on
Dec 23, 2019
Closed on
Feb 27, 2020
Sold by
Drane Sherman Timothy and Drane Tara
Bought by
Sofia Re Assets Llc
Seller's Agent
ricardo gonzalez
Real Estate Asset Disp Corp.
Buyer's Agent
ricardo gonzalez
Real Estate Asset Disp Corp.
List Price
$247,000
Sold Price
$200,000
Premium/Discount to List
-$47,000
-19.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
117.96%
Original Mortgage
$170,000
Interest Rate
3.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 25, 2006
Sold by
Drane Tara
Bought by
Drane Sherman and Drane Tara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
6.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 28, 2004
Sold by
Woodside Levin
Bought by
Drane Tara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Interest Rate
8.24%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 9, 1998
Sold by
Jean and Jackson
Bought by
Woodside Levin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 1993
Sold by
Hyce Williams H Jean and Hyche Williams Hortense Jean
Bought by
Hyche Williams H Jean and Hyche Williams Hortense Jean
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pineda Alejandro Mondeja $307,000 Barlequin Title Corp
Sofia Re Assets Llc $200,000 Century Title Ins Agcy Corp
Drane Sherman $52,100 None Available
Drane Tara $132,000 Countyline Title Group Inc
Woodside Levin $63,000 --
Hyche Williams H Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pineda Alejandro Mondeja $301,439
Previous Owner Sofia Re Assets Llc $170,000
Previous Owner Drane Sherman $129,500
Previous Owner Drane Tara $105,600
Previous Owner Woodside Levin $63,000
Closed Drane Tara $8,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2020 09/14/20 Sold $307,000 -3.5% $159 / Sq Ft
07/09/2020 07/09/20 For Sale $318,000 +59.0% $165 / Sq Ft
02/28/2020 02/28/20 Sold $200,000 -19.0% $104 / Sq Ft View Prior Sale
01/10/2020 01/10/20 Pending -- -- --
12/23/2019 12/23/19 For Sale $247,000 -- $128 / 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 $5,111 $308,393 -- --
2024 $4,844 $299,702 -- --
2023 $4,844 $290,973 $0 $0
2022 $4,661 $282,499 $104,014 $178,485
2021 $4,220 $210,807 $89,506 $121,301
2020 $1,034 $61,805 $0 $0
2019 $1,025 $60,416 $0 $0
2018 $981 $59,290 $0 $0
2017 $982 $58,071 $0 $0
2016 $950 $56,877 $0 $0
2015 $964 $56,482 $0 $0
2014 $977 $56,034 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10890018

MIAMI REALTORS® MLS

APN: 30-3121-009-0960