NOT LISTED FOR SALE

3540 Palmetto Ave Miami, FL 33133

Southwest Coconut Grove Neighborhood

Estimated Value: $7,502,000 - $9,765,534

3 Beds
2.5 Baths
1,740 Sq Ft
$4,926/Sq Ft Est. Value

Last Sold February 07, 2020

Last sale price $1,300,000 $747 Per Sq Ft

Est. 559% increase in value since last sale

Current estimated payment $57,453/month

96 Days on Market

Highlights

  • In Ground Pool
  • Cottage Room
  • Garden View
  • Coconut Grove Elementary School Rated A
  • Main Floor Bedroom
  • Mediterranean Architecture

About This Home

As of February 2020

Rare opportunity to build a new construction home on a quiet street in lush South Coconut Grove. Walking distance to the Grove village centers galleries, boutiques, cafes and bay front parks & marinas. (Lot dimensions 100 x 140 - 14,000 SF). Situated high on a coastal coral rock ridge, one of the highest sea-level elevations in South Florida. Existing frame & stucco bungalow (circa 1938) with tropical pool & garden. Just minutes to downtown, MIA, Coral Gables, Key Biscayne & the Beaches.

Last Agent to Sell the Property

Cinthia Ane-McGreevy

Ane' & Co. License #0684699 Listed on: 01/02/2019

Ane' & Co.

Last Buyer's Agent

Cinthia Ane-McGreevy

Ane' & Co. License #0684699 Listed on: 01/02/2019

Ane' & Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,298

Year Built

  • Built in 1938

Lot Details

  • 0.32 Acre Lot
  • North Facing Home
  • Fenced
  • Property is zoned 0100

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Mediterranean Architecture
  • Studio
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,740 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Family Room
  • Workshop
  • Sun or Florida Room
  • Storage Room
  • Laundry in Utility Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs

Outdoor Features

  • In Ground Pool
  • Patio
  • Exterior Lighting
  • Cottage Room

Schools

  • Coconut Grove Elementary School
  • Coral Glades High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Coco Gve Pk 2 Amd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-21-013-0111

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,298

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1938
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Mediterranean
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: COCO GVE PK 2 AMD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Built-in Features, Cottage, Family Room, Florida Room, Storage, Studio Apartment, Utility Room/Laundry, Workshop
  • Spa Yn: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 1740
  • Possible Use: Investment
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Living Room Features: Cottage, Family Room, Florida Room, Storage Room, Studio Apartment, Utility Room/Laundry, Workshop

Exterior Features

  • Roof: Other
  • View: Garden, Other, Pool
  • Exterior Features: Lighting, Other
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: COCO GVE PK 2 AMD
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Coconut Grove
  • High School: Coral Glades High

Lot Info

  • Parcel Number: 01-41-21-013-0111
  • Lot Size Sq Ft: 14000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6298

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2023
Sold by
3540 Palmetto Llc
Bought by
Coconut Grove Trust and Blatt
Current Estimated Value
$8,571,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,142,500
Outstanding Balance
$5,986,986
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$2,584,525

Purchase Details

Listed on
Jan 2, 2019
Closed on
Feb 5, 2020
Sold by
Corda Marissa and Cordamcgreevy Samantha
Bought by
3540 Palmetto Llc
Seller's Agent
Cinthia Ane-McGreevy
Ane' & Co.
Buyer's Agent
Cinthia Ane-McGreevy
Ane' & Co.
List Price
$1,600,000
Sold Price
$1,300,000
Premium/Discount to List
-$300,000
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.98%
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
Coconut Grove Trust $9,450,000 None Listed On Document
3540 Palmetto Llc $1,300,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coconut Grove Trust $6,142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2020 02/07/20 Sold $1,300,000 -10.3% $747 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
02/20/2019 02/20/19 Price Changed $1,450,000 -9.4% $833 / Sq Ft
12/26/2018 12/26/18 For Sale $1,600,000 -- $920 / 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 $148,392 $7,468,391 $2,450,000 $5,018,391
2024 $30,619 $7,449,065 $2,380,000 $5,069,065
2023 $30,619 $1,295,910 $0 $0
2022 $25,749 $1,178,100 $0 $0
2021 $25,283 $1,190,000 $1,190,000 $0
2020 $26,685 $1,235,083 $1,092,000 $143,083
2019 $25,857 $1,193,486 $1,050,000 $143,486
2018 $6,298 $324,526 $0 $0
2017 $6,229 $317,852 $0 $0
2016 $6,266 $311,315 $0 $0
2015 $6,333 $309,151 $0 $0
2014 $6,401 $306,698 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cinthia Ane-McGreevy

    Seller's Agent in 2020

    Cinthia Ane-McGreevy

    Ane' & Co.

    (954) 295-4207

    1 in this area

    104 Total Sales

    Cinthia Ane-McGreevy
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10591679

MIAMI REALTORS® MLS

APN: 01-4121-013-0111

Florida Miami/Dade County Miami 33133 Southwest Coconut Grove

3540 Palmetto Ave, Miami, FL

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