NOT LISTED FOR SALE

328 Majorca Ave Coral Gables, FL 33134

Coral Gables Section Neighborhood

Estimated Value: $1,925,682 - $2,461,000

0.23 Acre
$9,450,265 Price per Acre
10,000 Sq Ft Lot

Last Sold October 22, 2020

Last sale price $1,075,000

Est. 107% increase in value since last sale

Current estimated payment $14,251/month

570 Days on Market

About This Lot

As of October 2020

Great development opportunity in the City Beautiful. Lot allows for 11 units and 15,000 sqft buildable space with the mediterranean bonus. Zoned for MF-2 Multifamily! Prime location close to Miracle Mile, the Biltmore Hotel and Giralda Plaza. This is one of the only vacant lots of this size in Coral Gables. A Beautiful Miami Property!

Last Agent to Sell the Property

Kathrin Rein

Keller Williams Miami Beach License #3249771 Listed on: 02/04/2019

Keller Williams Miami Beach

Last Buyer's Agent

Kathrin Rein

Keller Williams Miami Beach License #3249771 Listed on: 02/04/2019

Keller Williams Miami Beach

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,328

Lot Details

  • 10,000 Sq Ft Lot
  • North Facing Home
  • Property is zoned 5001

Community Details

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

Listing and Financial Details

  • Tax Lot 10000
  • Assessor Parcel Number 03-41-08-006-0490

Property Details

Property Type

Land

Est. Annual Taxes

$15,328

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • Inclusions: None
  • Lot Size Acres: 0.23
  • New Construction: No
  • Road Frontage Type: Other Road
  • Structure Type: Residential
  • Subdivision Name: CORAL GABLES SEC K
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Investment

Exterior Features

  • View: None
  • Direction Faces: North
  • Lot Features: Less Than 1/4 Acre Lot, Other
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CORAL GABLES SEC K

Utilities

  • Water Source: Other
  • Utilities: No Utilities

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 03-41-08-006-0490
  • Additional Parcels: No
  • Current Use: Residential, Unused
  • Development Status: Undeveloped
  • Lot Size Sq Ft: 10000
  • Zoning: 5001
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 15328
  • Tax Lot: 10000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2019
Closed on
Oct 22, 2020
Sold by
Majorca Properties Llc
Bought by
Partners Realty Trust Llc
Seller's Agent
Kathrin Rein
Keller Williams Miami Beach
Buyer's Agent
Kathrin Rein
Keller Williams Miami Beach
List Price
$1,400,000
Sold Price
$1,075,000
Premium/Discount to List
-$325,000
-23.21%
Current Estimated Value
$2,228,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,153,884
Avg. Annual Appreciation
15.61%

Purchase Details

Closed on
Apr 13, 2010
Sold by
Sol Majorca Llc
Bought by
Majorca Properties Llc

Purchase Details

Closed on
Sep 2, 2005
Sold by
Mfa Properties Llc
Bought by
Sol Majorca Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
5.71%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 6, 2002
Sold by
Tri & Vest Properties Inc C
Bought by
Mfa Properties Llc

Purchase Details

Closed on
Mar 12, 2001
Sold by
Thayllana C Fiallo I
Bought by
Tri & Vest Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 1993
Sold by
Snieg Joseph and Snieg Adeline
Bought by
Alicea Thayllana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.75%
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
Partners Realty Trust Llc $1,075,000 Attorney
Majorca Properties Llc $1,230,000 Attorney
Sol Majorca Llc $1,500,000 --
Mfa Properties Llc $840,000 --
Tri & Vest Properties $520,000 --
Alicea Thayllana $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sol Majorca Llc $1,230,000
Previous Owner Sol Majorca Llc $1,080,000
Previous Owner Sol Majorca Llc $250,000
Previous Owner Sol Majorca Llc $1,050,000
Previous Owner Alicea Thayllana $390,000
Previous Owner Alicea Thayllana $244,389
Previous Owner Alicea Thayllana $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2020 10/22/20 Sold $1,075,000 -10.4% --
01/29/2020 01/29/20 Price Changed $1,200,000 -14.3% --
01/28/2019 01/28/19 For Sale $1,400,000 -- --
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 $24,571 $1,390,895 -- --
2024 $23,393 $1,264,450 -- --
2023 $23,393 $1,149,500 $0 $0
2022 $20,141 $1,045,000 $0 $0
2021 $17,875 $950,000 $950,000 $0
2020 $17,170 $950,000 $950,000 $0
2019 $16,624 $1,000,000 $1,000,000 $0
2018 $15,328 $1,000,000 $1,000,000 $0
2017 $12,695 $665,500 $0 $0
2016 $12,248 $605,000 $0 $0
2015 $11,464 $550,000 $0 $0
2014 $9,941 $500,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathrin Rein

    Seller's Agent in 2020

    Kathrin Rein

    Keller Williams Miami Beach

    (305) 735-6939

    1 in this area

    148 Total Sales

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10607789

MIAMI REALTORS® MLS

APN: 03-4108-006-0490

Florida Miami/Dade County Coral Gables 33134 Coral Gables Section

328 Majorca Ave, Coral Gables, FL

This home is located at 328 Majorca Ave, Coral Gables, FL 33134 since 04 February 2019 and is currently estimated at $2,173,561. 328 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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