NOT LISTED FOR SALE

Estimated Value: $828,000 - $865,000

3 Beds
3 Baths
1,440 Sq Ft
$591/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $620,000 $431 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,806/month

21 Days on Market

Highlights

  • No HOA
  • Porch
  • Central Heating and Cooling System
  • Coral Gables Preparatory Academy Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of April 2022

INCREDIBLE INVESTMENT OPPORTUNITY IN GREAT AREA, THIS PROPERTY OFFERS 4 UNITS, ONE UNIT IS A 2-BED AND 2-BATH, THE OTHER 2 UNITS ARE 1-BED AND 1-BATH AND AN EFFICIENCY.
PROPERTY SOLD AS-IS, ALL UNITS ARE TENANT OCCUPIED.

Last Agent to Sell the Property

Magdey Soriano

Florida Capital Realty License #3367538 Listed on: 01/20/2022

Florida Capital Realty

Last Buyer's Agent

Eduardo Otero

Great Miami Realty Group, LLC License #3392749

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,689

Year Built

  • Built in 1949

Lot Details

  • 7,144

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds

Flooring

  • Tile
  • Terrazzo

Additional Features

  • Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $51,600
  • Rent includes electricity, sewer, water
  • Assessor Parcel Number 01-41-09-034-0530

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lyndale Second Addition Condos
  • Lyndale Second Addition Subdivision

Building Details

  • Operating Expense $17,489
  • Net Operating Income $34,111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,689

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1949
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Directions: PLEASE USE GPS
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex, Fourplex
  • Subdivision Name: LYNDALE SECOND ADDITION
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile
  • Living Area: 1440
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Roof: Shingle
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LYNDALE SECOND ADDITION
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • 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: 01-41-09-034-0530
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Sewer, Water

Multi Family

  • Net Operating Income: 34111
  • Number Of Units In Community: 4
  • Annual Operating Expense: 17489
  • Total Actual Rent: 51600

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7689

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Apr 1, 2022
Sold by
Soriano Pedro P
Bought by
Otero Eduardo
Seller's Agent
Magdey Soriano
Florida Capital Realty
Buyer's Agent
Eduardo Otero
Great Miami Realty Group, LLC
List Price
$650,000
Sold Price
$620,000
Premium/Discount to List
-$30,000
-4.62%
Current Estimated Value
$862,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,589
Avg. Annual Appreciation
8.73%
Original Mortgage
$457,500
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2018
Sold by
Soriano Janet Cintron and Soriano Pedro P
Bought by
Soriano Pedro P and Soriano Janet

Purchase Details

Closed on
May 3, 2016
Sold by
Cintron Margarita and Cintron Juan A
Bought by
Soriano Janet Cintron

Purchase Details

Closed on
Jan 17, 2003
Sold by
Soriano Pedro P and Soriano Janet
Bought by
Cintron Margarita and Cintron Juan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 22, 2000
Sold by
Joseph & Bella K Calish and Calish Norman
Bought by
Soriano Pedro P and Soriano Janet
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
Otero Eduardo $620,000 Vanessa Gonzalez-Vinas Pa
Soriano Pedro P -- None Available
Soriano Janet Cintron -- None Available
Cintron Margarita $185,000 --
Soriano Pedro P $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Otero Eduardo $457,500
Previous Owner Soriano Janet Cintron $200,000
Previous Owner Cintron Margarita $175,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $620,000 -4.6% $431 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $650,000 -- $451 / 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 $13,274 $672,134 $514,800 $157,334
2024 $12,254 $615,060 -- --
2023 $12,254 $559,146 $429,000 $130,146
2022 $8,644 $358,719 $0 $0
2021 $7,689 $326,109 $250,250 $75,859
2020 $8,010 $340,409 $264,550 $75,859
2019 $7,967 $337,615 $250,250 $87,365
2018 $6,833 $305,926 $214,500 $91,426
2017 $6,198 $256,692 $0 $0
2016 $4,414 $147,633 $0 $0
2015 $4,091 $134,212 $0 $0
2014 $3,527 $122,011 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11147529

MIAMI REALTORS® MLS

APN: 01-4109-034-0530