NOT LISTED FOR SALE

Estimated Value: $936,000 - $1,516,000

4 Beds
4 Baths
3,188 Sq Ft
$388/Sq Ft Est. Value

Sale Details

Date Sold: December 31, 2013

Last sale price $650,000 $204 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $7,826 / mo

129 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Coconut Grove Elementary School Rated A
  • Heating Available
  • 4-minute walk to Billy Rolle Mini Park

About This Home

As of December 2013

Two buildings (two folios) on 9000sf walk to the heart of Coconut Grove. Great future development opportunity with a strong return. 4 units with 2 bedrooms, well kept and never vacant. Two have new central AC and two have wall units. Rents can easily be i ncreased. Priced at a 5.75 CAP on $45,000 actual net income. Do not disturb the tenants. Contact LA for showing instructions. Owner financing possible with strong down payment. Location, Location, Location.

Last Agent to Sell the Property

Donald Elliott

Elliott Realty Services Inc. License #0536360 Listed on: 08/20/2013

Last Buyer's Agent

Susan Bloom

Wenzel Investment Group License #3272693

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,949

Year Built

  • Built in 1973

Lot Details

  • Lot Dimensions are 90x100

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,188 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Schools

  • Coconut Grove Elementary School
  • Ponce De Leon Middle School
  • Coral Gables High School

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0141210070190

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Frow Homestead Subdivision

Building Details

  • Gross Income $57,600
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,949

Year Built

Built in 1973

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 4 STREETS NORTH OF GRAND BETWEEN (WEST OF)32 AVE AND ELIZABETH
  • Year Built: 1973
  • New Construction: No
  • Structure Type: Duplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile
  • Living Area: 3188.0
  • Stories: 1

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Separate Meters
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer, Septic Tank
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Coconut Grove
  • High School: Coral Gables
  • Middle Or Junior School: Ponce De Leon

Lot Info

  • Parcel #: 0141210070190
  • Lot Size: 90x100
  • Mobile Dim Units: Feet
  • Zoning: 57/GENER

Multi Family

  • Property Net Operating Income: 45000.0
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 57600.0

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 2949.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2013
Closed on
Dec 30, 2013
Sold by
Korth Property Management Llc
Bought by
Seller's Agent
Donald Elliott
Elliott Realty Services Inc.
Buyer's Agent
Susan Bloom
Wenzel Investment Group
List Price
$790,000
Sold Price
$650,000
Premium/Discount to List
-$140,000
-17.72%
Current Estimated Value
$1,237,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$587,062
Avg. Annual Appreciation
5.21%
Original Mortgage
$441,000
Outstanding Balance
$322,755
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$914,307

Purchase Details

Closed on
Jun 10, 2010
Sold by
Janoski Ken
Bought by
Korth Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
6%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$630,000 Attorney
Korth Property Management Llc $325,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $441,000
Previous Owner Korth Property Management Llc $243,750
Previous Owner Rodriguez Fermin $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/31/2013 12/31/13 Sold $650,000 -17.7% $204 / Sq Ft
12/27/2013 12/27/13 Pending -- -- --
08/20/2013 08/20/13 For Sale $790,000 -- $248 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,391 $529,133
2024 $11,247 $481,030
2023 $11,247 $437,300 $0 $0
2022 $9,602 $397,546 $0 $0
2021 $8,439 $361,406 $240,750 $120,656
2020 $9,116 $396,144 $274,500 $121,644
2019 $8,638 $397,133 $274,500 $122,633
2018 $8,026 $398,120 $274,500 $123,620
2017 $7,556 $293,326 $0 $0
2016 $6,893 $266,660 $0 $0
2015 $6,309 $242,419 $0 $0
2014 $5,758 $220,381 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A1832315

BeachesMLS (Greater Fort Lauderdale)

APN: 01-4121-007-0190

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