NOT LISTED FOR SALE

3585 Palmetto Ave Miami, FL 33133

Southwest Coconut Grove Neighborhood

Estimated Value: $3,460,000 - $4,241,000

0.32 Acre
$11,750,397 Price per Acre
13,939 Sq Ft Lot

Last Sold August 20, 2020

Last sale price $1,325,000 $1,383 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $23,586/month

79 Days on Market

Highlights

  • No HOA
  • Coconut Grove Elementary School Rated A
  • Landscaped with Trees

About This Lot

As of August 2020

14,000 sq. ft. lot located in South Grove near prestigious schools. Property is composed of two - 7,000 sq. ft. lots with two separate folio numbers. Plans have been approved by City of Miami for a new construction of approximately 8,800 sq. ft. Land has been cleared - no structures. The lot is ready to pull permits and start construction. Mature landscaping that defines Coconut Grove living.

Last Agent to Sell the Property

Guillermo De la Paz

One Sotheby's International Realty License #3061930 Listed on: 04/30/2020

One Sotheby's International Realty

Last Buyer's Agent

MAR NON-MEMBER

NO MLS PARTICIPATION (MAR) License #0

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,073

Lot Details

  • 0.32 Acre Lot
  • South Facing Home
  • Landscaped with Trees
  • Additional Parcels
  • Property is zoned 0100

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Coconut Grove Pk 2Nd Amd Condos
  • Coconut Grove Pk 2Nd Amd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-21-013-1170

Property Details

Property Type

Land

Est. Annual Taxes

$23,073

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • Lot Size Acres: 0.32
  • New Construction: No
  • Road Frontage Type: Other Road
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: COCONUT GROVE PK 2ND AMD
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • Direction Faces: South
  • Lot Features: City Location, Other
  • Other Structures: Other Bldg Incl
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: COCONUT GROVE PK 2ND AMD

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-21-013-1170
  • Additional Parcels: Yes
  • Current Use: Residential, Other Usage
  • Development Status: Undeveloped
  • Lot Size Sq Ft: 14000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 23073

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2020
Closed on
Aug 20, 2020
Sold by
Cube 3585 Llc
Bought by
Asilis Carlos Manuel and Delllano Rocio Del
Seller's Agent
Guillermo De la Paz
One Sotheby's International Realty
Buyer's Agent
MAR NON-MEMBER
NO MLS PARTICIPATION (MAR)
List Price
$1,490,000
Sold Price
$1,325,000
Premium/Discount to List
-$165,000
-11.07%
Current Estimated Value
$3,760,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,435,127
Avg. Annual Appreciation
22.26%

Purchase Details

Listed on
Mar 16, 2017
Closed on
Jul 20, 2017
Sold by
Cinnamon Stanley and Cinnamon Stanley
Bought by
Cube 3585 Llc
Seller's Agent
Howard Wolofsky
Brown Harris Stevens
Buyer's Agent
Howard Wolofsky
Brown Harris Stevens
List Price
$1,650,000
Sold Price
$1,025,000
Premium/Discount to List
-$625,000
-37.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%
Original Mortgage
$512,500
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 12, 1994
Sold by
Cinnamon Charles
Bought by
Cinnamon Charles
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
Asilis Carlos Manuel $1,325,000 Attorney
Cube 3585 Llc $1,025,000 Attorney
Cinnamon Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cube 3585 Llc $512,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2020 08/20/20 Sold $1,325,000 -11.1% $1,383 / Sq Ft
04/29/2020 04/29/20 For Sale $1,490,000 +45.4% $1,555 / Sq Ft
07/20/2017 07/20/17 Sold $1,025,000 -37.9% $1,070 / Sq Ft View Prior Sale
05/03/2017 05/03/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $1,650,000 -- $1,722 / 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 $45,679 $2,389,263 -- --
2024 $16,307 $2,321,928 $1,190,000 $1,131,928
2023 $16,307 $719,950 $0 $0
2022 $13,792 $654,500 $0 $0
2021 $12,642 $595,000 $595,000 $0
2020 $11,629 $546,000 $546,000 $0
2019 $12,611 $590,802 $525,000 $65,802
2018 $12,755 $590,802 $525,000 $65,802
2017 $23,073 $1,071,228 $0 $0
2016 $6,144 $305,688 $0 $0
2015 $6,208 $303,564 $0 $0
2014 $6,275 $301,155 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Guillermo De la Paz

    Seller's Agent in 2020

    Guillermo De la Paz

    One Sotheby's International Realty

    (305) 338-0501

    1 in this area

    6 Total Sales

    Guillermo De la Paz
    Section Image

  • M

    Buyer's Agent in 2020

    MAR NON-MEMBER

    NO MLS PARTICIPATION (MAR)

    3 in this area

    588 Total Sales

    MAR NON-MEMBER
    Section Image
  • Howard Wolofsky

    Seller's Agent in 2017

    Howard Wolofsky

    Brown Harris Stevens

    (305) 666-1800

    4 Total Sales

    Howard Wolofsky
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10851757

MIAMI REALTORS® MLS

APN: 01-4121-013-1170

Florida Miami/Dade County Miami 33133 Southwest Coconut Grove

3585 Palmetto Ave, Miami, FL

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