NOT LISTED FOR SALE

3398 Coral Way Miami, FL 33145

Coral Way Neighborhood

Estimated Value: $2,632,000

-- Bed
1 Bath
19,750 Sq Ft
$133/Sq Ft Est. Value

Highlights

  • Newly Remodeled
  • 19,750 Sq Ft lot
  • No HOA
  • Coral Gables Senior High School Rated A-
  • Corner Lot
  • Brick Front

About This Home

As of October 2017

RESTAURANT FOR LEASE IN BEST LOCATION ON CORAL WAY!! CORNER RESTAURANT WITH FREE PARKING ON LOT FOR YOUR CUSTOMERS. VERY BUSY VEHICULAR TRAFFIC AND WALKING DISTANCES TO SHOPPING, BANKS, OFFICES, AND RESTAURANTS. CALL NOW FOR THIS GREAT BUSINESS OPPORTUNITY TO LEASE A LANDMARK RESTAURANT IN MIAMI!

Last Agent to Rent the Property

Jackeline Londono

Morgan Whitney Inc License #0661728 Listed on: 09/09/2016

Last Renter's Agent

Jackeline Londono

Morgan Whitney Inc License #0661728 Listed on: 09/09/2016

Property Details

Property Type

  • Other

Year Built

  • Built in 1962 | Newly Remodeled

Lot Details

  • 0.45 Acre Lot
  • Corner Lot
  • Property is zoned C-1

Home Design

  • Brick Front
  • Concrete Roof

Flooring

  • Concrete
  • Ceramic Tile

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 20 Parking Spaces
  • Common or Shared Parking
  • Free Parking

Utilities

  • Cooling Available
  • Heating Available
  • 200+ Amp Service
  • 100 Amp Service

Additional Features

  • 1-Story Property
  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for a/c & heating maintenance, common area maintenance, exterior electric, electricity, exterior maintenance, water
  • 1 To 3 Year Lease,11 Years Plus Lease,4 To 6 Year Lease,7-10 Year Lease Lease Term
  • Assessor Parcel Number 01-41-16-009-1211

Property Details

Property Type

Other

Year Built

Built in 1962 | Newly Remodeled

Lot Details

0

Rental Info

  • Tenant Pays: A/C & Heating Maintenance, Common Area Maintenance, Exterior Electric, Electricity, Exterior Maintenance, Water
  • Lease Term: 1 To 3 Year Lease,11 Years Plus Lease,4 To 6 Year Lease,7-10 Year Lease

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1962
  • Ownership: Corporation
  • Property Sub Type: Lease
  • Business Type: Restaurant/Bar
  • Directions: INTERSECTION OF CORAL WAY & SW 34TH AVE. CORNER LOT
  • Horses: No
  • Inclusions: Building Only,Inventory,Other Sale Includes
  • Lease Assignable: No
  • New Construction: No
  • Road Frontage Type: City Street, Other Road Frontage
  • Building Stories: 1
  • Structure Type: Lease, Free Standing
  • Year Built Details: New Construction
  • ResoPropertyType: CommercialSale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor, Concrete, Other
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Concrete
  • Construction Type: Brick, Concrete Block With Brick
  • Lot Features: City Location, Corner Unit, Corner Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Common, Free Parking, Other
  • Total Parking Spaces: 20

Utilities

  • Sewer: Other
  • Water Source: Other
  • Cooling: Central Building A/C
  • Cooling Y N: Yes
  • Electric: 100 Amp Service, 101-200 Amps, 200+ Amp Service
  • Electricity On Property: Yes
  • Heating: Central Building A/C, Other
  • Heating Yn: Yes
  • Security: Smoke Detector(s), Fire Sprinkler System

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-16-009-1211
  • Current Use: Commercial Lease
  • Land Lease: No
  • Lot Size Sq Ft: 19750
  • Zoning: C-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 42247

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2014
Sold by
Credo Llc
Bought by
Interam Investments Corp
Current Estimated Value
$2,632,000

Purchase Details

Closed on
Aug 29, 2012
Sold by
Loftus James K
Bought by
Credo Llc

Purchase Details

Closed on
May 20, 2005
Sold by
Anico Inc
Bought by
G M Sons Property Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.66%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 14, 1997
Sold by
Cossentino Nicola
Bought by
Anico Inc

Purchase Details

Closed on
Aug 12, 1996
Sold by
Muhamad Emilia
Bought by
Cossentino Nicola and Cossentino Anna G

Purchase Details

Closed on
Jul 18, 1996
Sold by
Prieto Mariana B
Bought by
Muhamad Emilia
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
Interam Investments Corp $2,350,000 Attorney
Credo Llc $5,000 None Available
G M Sons Property Inc $1,600,000 --
Anico Inc $140,600 --
Anico Inc $140,600 --
Anico Inc $140,600 --
Cossentino Nicola $100 --
Muhamad Emilia $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner G M Sons Property Inc $1,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2017 10/10/17 Rented $12,000 -17.2% --
08/16/2017 08/16/17 Price Changed $14,500 -8.3% $1 / Sq Ft
09/09/2016 09/09/16 For Rent $15,810 +31.8% --
03/24/2015 03/24/15 Rented $12,000 -13.7% --
03/24/2015 03/24/15 Under Contract -- -- --
10/29/2014 10/29/14 For Rent $13,900 -- --
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 $36,077 $1,942,740 -- --
2024 $34,829 $1,766,128 -- --
2023 $34,829 $1,614,250 $0 $0
2022 $30,253 $1,505,852 $0 $0
2021 $32,459 $1,527,707 $1,368,750 $158,957
2020 $32,555 $1,528,552 $1,368,750 $159,802
2019 $32,519 $1,523,409 $1,368,750 $154,659
2018 $31,926 $1,524,229 $1,368,750 $155,479
2017 $41,945 $1,980,000 $0 $0
2016 $41,469 $1,900,000 $0 $0
2015 $42,247 $1,900,000 $0 $0
2014 $23,324 $1,028,476 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jackeline Londono

    Landlord's Agent in 2017

    Jackeline Londono

    Morgan Whitney Inc

    (305) 345-3738

    3 in this area

    58 Total Sales

    Jackeline Londono
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10146010

MIAMI REALTORS® MLS

APN: 01-4116-009-1211

Florida Miami/Dade County Miami 33145 Coral Way

3398 Coral Way, Miami, FL

This home is located at 3398 Coral Way, Miami, FL 33145 since 09 September 2016 and is currently priced at $2,632,000. This property was built in 1962. 3398 Coral Way is a home located in Miami-Dade County with nearby schools including Frances S. Tucker Elementary School, 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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