NOT LISTED FOR SALE

Estimated Value: $1,207,000 - $1,392,000

0.14 Acre
$9,214,121 Price per Acre
6,250 Sq Ft Lot

Last Sold March 28, 2023

Last sale price $1,175,000 $1,121 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,383/month

121 Days on Market

Highlights

  • No HOA
  • Coconut Grove Elementary School Rated A
  • Landscaped with Trees

About This Lot

As of March 2023

Coconut Grove development opportunity. Indiana Street is one of the nicest blocks in Center/West Grove with lush tropical setting. Few steps from Downtown Coconut Grove yet low traffic and ez access to US1. This lot is 50 feet wide and 125 feet deep for a total of 6,250 sqft. Not in a flood zone. Suitable for two town homes which would be roughly 3,100 gross square feet for each unit with private pools/garages and patios. Existing home on the property is a 3/1 that is in fair condition and can be rented during the planning process. City water and city sewer. Please text/call LA for more information and for viewing. Cash offers only please

Last Agent to Sell the Property

Berk Boge

Compass Florida, LLC License #0657334 Listed on: 10/18/2022

Compass Florida, LLC

Last Buyer's Agent

Walter Lessberg-Konig

Atlantica Real Estate Group License #3012833

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,462

Lot Details

  • 6,250 Sq Ft Lot
  • West Facing Home
  • Landscaped with Trees
  • Property is zoned 5700

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 01-41-21-001-0710

Community Details

Overview

  • No Home Owners Association
  • Palmhurst Condos
  • Palmhurst Subdivision

Recreation

  • Utility Building

Property Details

Property Type

Land

Est. Annual Taxes

$1,462

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Directions: On Indiana Street between Shipping Avenue and Bird Avenue. Cash offers only please
  • Horses: No
  • Lot Size Acres: 0.14
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: PALMHURST
  • Special Features: None

Interior Features

  • Possible Use: Investment

Exterior Features

  • Direction Faces: West
  • Waterfront Elevation: 10
  • Lot Features: City Location, Other
  • Other Structures: Livable, Utility Building
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PALMHURST

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-21-001-0710
  • Additional Parcels: No
  • Current Use: Zoned Duplex, Other Usage
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 6250
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1462

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Mar 28, 2023
Sold by
Adams Chip T
Bought by
Indiana Grove Capital Llc
Seller's Agent
Berk Boge
Compass Florida, LLC
Buyer's Agent
Walter Lessberg-Konig
Atlantica Real Estate Group
List Price
$1,400,000
Sold Price
$1,175,000
Premium/Discount to List
-$225,000
-16.07%
Views
13
Current Estimated Value
$1,289,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,977
Avg. Annual Appreciation
3.67%

Purchase Details

Closed on
Jul 22, 2022
Sold by
Adams Ted H
Bought by
Adams Chip T

Purchase Details

Closed on
Oct 26, 1995
Sold by
Howard Gerald L and Howard Jan E
Bought by
Adams Ted H
Source: Public Records

Range of Values:

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Average Value
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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
Indiana Grove Capital Llc $1,175,000 None Listed On Document
Indiana Grove Capital Llc $1,175,000 None Listed On Document
Adams Chip T -- Kavulich Jerome J
Adams Chip T -- Kavulich Jerome J
Adams Ted H $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Ted H $85,000
Previous Owner Adams Ted H $52,813
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2023 03/28/23 Sold $1,175,000 -1.7% $1,121 / Sq Ft
02/17/2023 02/17/23 Pending -- -- --
02/13/2023 02/13/23 Price Changed $1,195,000 -7.7% $1,140 / Sq Ft
11/18/2022 11/18/22 Price Changed $1,295,000 -7.5% $1,236 / Sq Ft
10/18/2022 10/18/22 For Sale $1,400,000 -- $1,336 / 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 $19,176 $945,312 -- --
2024 $15,965 $938,234 $859,375 $78,859
2023 $15,965 $758,135 $687,500 $70,635
2022 $1,481 $95,435 $0 $0
2021 $1,462 $92,656 $0 $0
2020 $1,439 $91,377 $0 $0
2019 $1,398 $89,323 $0 $0
2018 $0 $87,658 $0 $0
2017 $1,314 $85,856 $0 $0
2016 $1,307 $84,091 $0 $0
2015 $1,264 $83,507 $0 $0
2014 $1,264 $82,845 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11290315

MIAMI REALTORS® MLS

APN: 01-4121-001-0710