NOT LISTED FOR SALE

Estimated Value: $272,000 - $542,000

1 Bed
2 Baths
650 Sq Ft
$402/mo HOA Fee

Last Sold July 10, 2012

Last sale price $87,000 $134 Per Sq Ft

Est. 332% increase in value since last sale

Current estimated payment $2,694/month

13 Days on Market

Highlights

  • Intercom to Front Desk
  • Views
  • Central Heating and Cooling System
  • Coconut Grove Elementary School Rated A
  • Tile Flooring
  • Combination Dining and Living Room

About This Home

As of July 2012

Bank owned at The Grove Palms featuring 1BR/2BR and tile floors. Offers are SUBJECT TO Bank Approval and require a Pre-Qualification letter from Bank of America or Merryl Lynch and/or Proof of Funds if ALL CASH. Cash transactions are subject to special de ed restrictions and will have a re-conveyance restriction verbiage on the deed. Property is being sold AS-IS conditions. Please allow 7-10 business days for seller response. Deadline for placing Offers is 6/7/12,Thursday at 4:00pm.

Last Agent to Sell the Property

Carolina Echarte

Brown Harris Stevens License #0122441 Listed on: 05/31/2012

Brown Harris Stevens

Last Buyer's Agent

Giovanna Gonzalez

Florida Realty of Miami Corp License #3048836

Florida Realty of Miami Corp

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1996

HOA Fees

  • $402 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 650 Sq Ft Home
  • Combination Dining and Living Room
  • Tile Flooring
  • Electric Range
  • Property Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-21-277-0150

Community Details

Overview

  • Low-Rise Condominium
  • Grove Palms I Condo

Pet Policy

  • Breed Restrictions

Building Details

Additional Features

  • Intercom to Front Desk
  • Phone Entry

Property Details

Home Type

Condominium

Year Built

Built in 1996

Lot Details

0

HOA Fees

$402 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Garage Yn: No
  • Horses: No
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: RealEstateOwned
  • Stories: 0

Interior Features

  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 650
  • Possible Use: Primary
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Other View
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: GROVE PALMS I CONDO
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Phone Entry, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 402
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-21-277-0150
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 2487

Multi Family

  • Maintenance Expense: 402

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2014
Sold by
Arcuri John and Arcuri John A
Bought by
Arcuri John A
Current Estimated Value
$376,182

Purchase Details

Listed on
May 31, 2012
Closed on
Jul 10, 2012
Sold by
The Bank Of New York Mellon
Bought by
Arcuri John A
Seller's Agent
Carolina Echarte
Brown Harris Stevens
Buyer's Agent
Giovanna Gonzalez
Florida Realty of Miami Corp
List Price
$87,000
Sold Price
$87,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.63%

Purchase Details

Closed on
Nov 2, 2011
Sold by
Faut Christian A
Bought by
The Bank Of New York

Purchase Details

Closed on
Nov 22, 2005
Sold by
Grove Palms I Llc
Bought by
Faut Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,100
Interest Rate
4.37%
Mortgage Type
Fannie Mae Freddie Mac
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
Arcuri John A -- Attorney
Arcuri John A $87,000 Atgf
The Bank Of New York $35,700 None Available
Faut Christian $238,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Faut Christian $226,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2012 07/10/12 Sold $87,000 0.0% $134 / Sq Ft
06/14/2012 06/14/12 Pending -- -- --
05/31/2012 05/31/12 For Sale $87,000 -- $134 / 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 $3,870 $195,734 -- --
2024 $3,672 $177,940 -- --
2023 $3,672 $161,764 $0 $0
2022 $3,286 $147,059 $0 $0
2021 $2,944 $133,690 $0 $0
2020 $2,781 $148,502 $0 $0
2019 $2,630 $148,502 $0 $0
2018 $2,427 $148,502 $0 $0
2017 $2,231 $91,314 $0 $0
2016 $1,958 $83,013 $0 $0
2015 $1,756 $75,467 $0 $0
2014 $1,630 $68,607 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1647125

MIAMI REALTORS® MLS

APN: 01-4121-277-0150