NOT LISTED FOR SALE

35 NW 48th Place Miami, FL 33126

Flagami Neighborhood

Estimated Value: $714,000 - $925,000

5 Beds
3 Baths
2,054 Sq Ft
$397/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $575,000 $280 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,524/month

86 Days on Market

Highlights

  • No HOA
  • Impact Glass
  • Central Heating and Cooling System
  • Coral Gables Senior High School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of December 2021

TURNKEY UPDATED DUPLEX, JUST OUTSIDE CORAL GABLES, COMPLETE WITH IMPACT WINDOWS, BRAND NEW ROOF, OUTDOOR LIGHTING, CENTRAL A/C, ASSIGNED PARKING, AND LAUNDRY ROOM ON-SITE. This unique property rents easily due to all its perks, from parking to laundry and impact windows. It's a duplex, but operates as a triplex (3 bed / 2 bath was split into a 2/1 + 1/1.) Gross Annual Rent of $52,080 (including income from laundry). Tenants have impeccable payment history (auto-pay throughout COVID) and everyone is on 12-month leases. Moreover, rents are below market value, and can be easily increased in 2022. Install an onsite storage shed OR bbq area for additional value-add opportunities. There's tremendous upside. Start collecting rent at closing. This is the opportunity you've been seeking.

Last Agent to Sell the Property

Enrique Montoya

Engel & Völkers Miami License #3425814 Listed on: 08/25/2021

Engel & Völkers Miami

Co-Listed By

Maria Pilar Larssen

American Eagle Realty Group Corp License #3074855

Last Buyer's Agent

Oreisi Triana

First Step Realty Group License #0706539

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,366

Year Built

  • Built in 1957

Lot Details

  • 7,449

Parking

  • 5 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,054 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Impact Glass

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $52,080
  • Assessor Parcel Number 01-41-06-022-0070

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Pinehurst Villa 2Nd Addn Condos
  • Pinehurst Villa 2Nd Addn Subdivision

Building Details

  • Operating Expense $18,504
  • Net Operating Income $33,576

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,366

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1957
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Co List Office Mls Id: KWCG01
  • Co List Office Phone: 305-662-7325
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: PINEHURST VILLA 2ND ADDN
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2054
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Impact Glass

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PINEHURST VILLA 2ND ADDN
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-06-022-0070
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Multi Family

  • Net Operating Income: 33576
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Operating Expense: 18504
  • Total Actual Rent: 52080

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7366

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Dec 16, 2021
Sold by
Carlos Gutierrez
Bought by
Gonzalez Vivian P Baez and Pujol Juan
Seller's Agent
Enrique Montoya
Engel & Völkers Miami
Buyer's Agent
Oreisi Triana
First Step Realty Group
Sold Price
$575,000
Current Estimated Value
$816,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,040
Avg. Annual Appreciation
9.51%
Original Mortgage
$420,000
Outstanding Balance
$387,224
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$417,432

Purchase Details

Listed on
Aug 31, 2018
Closed on
Oct 7, 2019
Sold by
Parra Belarmino
Bought by
Gutierrez Carlos and Gutierrez Eduardo
Seller's Agent
Maria Marti
United Real Estate Miami
Buyer's Agent
Maria Marti
United Real Estate Miami
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$395,250
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 22, 2017
Closed on
Feb 23, 2018
Sold by
Ajgm Investments Crop
Bought by
Parra Belarmino
Seller's Agent
Leonardo Venereo
Bestway Realty Sales, LLC
Buyer's Agent
Maria Marti
United Real Estate Miami
List Price
$439,900
Sold Price
$425,000
Premium/Discount to List
-$14,900
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%
Original Mortgage
$340,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2014
Sold by
Ramos Dolores
Bought by
Ajgm Investments Corp
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
Gonzalez Vivian P Baez $575,000 Steszewski Medina Pa
Gonzalez Vivian P Baez $575,000 None Listed On Document
Gutierrez Carlos $472,500 Legal Title Services
Parra Belarmino $425,000 Peninsula Title Corp
Ajgm Investments Corp $125,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Vivian P Baez $420,000
Closed Gonzalez Vivian P Baez $420,000
Previous Owner Gutierrez Carlos $395,250
Previous Owner Parra Belarmino $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $575,000 -10.9% $280 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
09/26/2021 09/26/21 For Sale -- -- --
09/17/2021 09/17/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $645,000 +33.0% $314 / Sq Ft
10/09/2019 10/09/19 Sold $485,000 -3.0% $225 / Sq Ft
08/25/2019 08/25/19 Pending -- -- --
08/30/2018 08/30/18 For Sale $499,900 +17.6% $232 / Sq Ft
03/23/2018 03/23/18 Sold $425,000 -3.4% $207 / Sq Ft
12/07/2017 12/07/17 Pending -- -- --
11/22/2017 11/22/17 For Sale $439,900 -- $214 / 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 $12,920 $652,091 $394,850 $257,241
2024 $11,863 $594,145 -- --
2023 $11,863 $540,132 $275,830 $264,302
2022 $10,892 $491,463 $223,618 $267,845
2021 $7,298 $349,482 $171,405 $178,077
2020 $7,366 $351,798 $171,405 $180,393
2019 $7,677 $324,051 $141,343 $182,708
2018 $6,714 $284,256 $141,343 $142,913
2017 $6,498 $270,851 $0 $0
2016 $6,218 $250,082 $0 $0
2015 $5,860 $229,382 $0 $0
2014 $3,033 $172,351 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Enrique Montoya

    Seller's Agent in 2021

    Enrique Montoya

    Engel & Völkers Miami

    (305) 753-9826

    2 in this area

    66 Total Sales

    Enrique Montoya
    Section Image
  • Maria Pilar Larssen

    Seller Co-Listing Agent in 2021

    Maria Pilar Larssen

    American Eagle Realty Group Corp

    (305) 713-7757

    1 in this area

    12 Total Sales

    Maria Pilar Larssen
    Section Image
  • Oreisi Triana

    Buyer's Agent in 2021

    Oreisi Triana

    First Step Realty Group

    (786) 431-7751

    1 in this area

    19 Total Sales

    Oreisi Triana
    Section Image

  • M

    Seller's Agent in 2019

    Maria Marti

    United Real Estate Miami

    Section Image

  • L

    Seller's Agent in 2018

    Leonardo Venereo

    Bestway Realty Sales, LLC

    (786) 586-0585

    5 in this area

    109 Total Sales

    Leonardo Venereo
    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Jose Pardo

    Bestway Realty Sales, LLC

    (305) 282-6609

    5 in this area

    102 Total Sales

    Jose Pardo
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11083955

MIAMI REALTORS® MLS

APN: 01-4106-022-0070

Florida Miami/Dade County Miami 33126 Flagami

35 NW 48th Place, Miami, FL

This home is located at 35 NW 48th Place, Miami, FL 33126 since 25 August 2021 and is currently estimated at $816,040, approximately $397 per square foot. This property was built in 1957. 35 NW 48th Place is a home located in Miami-Dade County with nearby schools including Henry M. Flagler Elementary School, Kinloch Park 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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