NOT LISTED FOR SALE

Estimated Value: $568,000 - $677,000

3 Beds
2 Baths
779 Sq Ft
$827/Sq Ft Est. Value

Last Sold December 29, 2022

Last sale price $395,000 $507 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,255/month

18 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property
  • Cooling Available
  • Vinyl Flooring
  • 3-minute walk to Lemon City Park

About This Home

As of December 2022

A rare investment opportunity to purchase a duplex in one of Miami's hottest neighborhoods. The duplex consists of 2 separate buildings, a two-bedroom with one-bathroom residence on the front, a one-bedroom, one-bathroom on the back, and a studio. Some of the property's highlights include Independent FPL meters, ample parking area, a large backyard with lush landscaping, and ample room for a pool. Tenants are currently leasing month-to-month, giving the prospective investor lots of maneuverability. The Triplex is located a short distance from Wynwood, The district Design Center, Miami International Airport, major shopping center, Jackson Memorial Hospital, and the University of Miami

Last Agent to Sell the Property

Maria Sosa Rodriguez

Compass Florida, LLC License #3485465 Listed on: 11/09/2022

Compass Florida, LLC

Last Buyer's Agent

Maria Pena

Keller Williams Capital Realty License #3338038

Keller Williams Capital Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,135

Year Built

  • Built in 1938

Lot Details

  • 6,490

Parking

  • 3 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 779 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • 3 Units
  • Biscayne Ave Tract Condos
  • Biscayne Ave Tract Subdivision

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 01-31-13-060-0491

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,135

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1938
  • Property Sub Type: Triplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex, Triplex
  • Subdivision Name: BISCAYNE AVE TRACT
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Living Area: 779
  • Possible Use: Investment
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: BISCAYNE AVE TRACT
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-13-060-0491
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3135

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 21, 2022
Sold by
Cv Loc 21 Llc
Bought by
Pena Rodrigo and Pena Ricardo
Seller's Agent
Maria Sosa Rodriguez
Compass Florida, LLC
Buyer's Agent
Maria Pena
Keller Williams Capital Realty
List Price
$450,000
Sold Price
$395,000
Premium/Discount to List
-$55,000
-12.22%
Views
9
Current Estimated Value
$643,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,991
Avg. Annual Appreciation
20.34%
Original Mortgage
$316,000
Outstanding Balance
$306,368
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$337,623

Purchase Details

Closed on
Feb 21, 2003
Sold by
Escobar Hugo H and Rosales Gloria
Bought by
Epstein Steven C and Williams Newton B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
5.95%
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
Pena Rodrigo $395,000 Top Notch Title
Epstein Steven C $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pena Rodrigo $316,000
Previous Owner Epstein Steven C $150,000
Previous Owner Epstein Steven C $51,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2022 12/29/22 Sold $395,000 -12.2% $507 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $450,000 0.0% $578 / Sq Ft
11/01/2015 11/01/15 Rented $1,000 0.0% --
10/02/2015 10/02/15 Under Contract -- -- --
09/27/2015 09/27/15 For Rent $1,000 +26.6% --
12/21/2012 12/21/12 Rented $790 0.0% --
12/21/2012 12/21/12 For Rent $790 -- --
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 $8,957 $418,334 $266,500 $151,834
2024 $8,442 $409,178 $260,084 $149,094
2023 $8,442 $373,679 $224,158 $149,521
2022 $3,439 $84,466 $0 $0
2021 $3,200 $76,788 $0 $0
2020 $2,913 $163,303 $104,236 $59,067
2019 $2,829 $163,335 $104,236 $59,099
2018 $2,445 $128,441 $87,538 $40,903
2017 $2,279 $52,449 $0 $0
2016 $1,974 $47,681 $0 $0
2015 $1,796 $43,347 $0 $0
2014 $1,654 $39,407 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11297435

MIAMI REALTORS® MLS

APN: 01-3113-060-0491