NOT LISTED FOR SALE

3645 SW 5th Terrace Miami, FL 33135

West Flagler Neighborhood

Estimated Value: $760,000 - $832,000

3 Beds
2 Baths
1,426 Sq Ft
$556/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $499,000 $350 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,243/month

27 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 5-minute walk to Rotary Park
  • Tile Flooring
  • 1-Story Property

About This Home

As of July 2021

Great opportunity to own one of the largest lots in the area with 2 separate structures classified as a duplex. The size of the lot gives buyers a great opportunity to expand or build something new and modern. Located in the heart of Miami just minutes away from Coral Gables, Miracle Mile, MIA, and just down the street from the classic Versailles Restaurant. Structures do need a bit of TLC, however both rent very fast and the area is a hot income producing market for landlords. Please take a good look at the photos and the youtube video link below prior to requesting a showing. Feel free to drive by the property but please do not disturb the tenants.

Last Agent to Sell the Property

Adrian Diaz

Luxe Properties License #3402467 Listed on: 05/04/2021

Luxe Properties

Last Buyer's Agent

Juan Perez Hernandez

RDS Realty, LLC License #3446699

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,325

Year Built

  • Built in 1950

Lot Details

  • 10,367

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,426 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Minerva Place Condos
  • Minerva Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-04-031-0040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,325

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Directions: Use GPS/WAZE
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: MINERVA PLACE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1426
  • Possible Use: Primary
  • Stories: 1

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: MINERVA PLACE
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: 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: 01-41-04-031-0040
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6325

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
Jul 28, 2021
Sold by
Maiz Alejandro and Maiz Flora
Bought by
Castellanos Alberto Argudin and Beltran Saylet Corbera
Seller's Agent
Adrian Diaz
Luxe Properties
Buyer's Agent
Juan Perez Hernandez
RDS Realty, LLC
List Price
$499,000
Sold Price
$499,000
Current Estimated Value
$792,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,766
Avg. Annual Appreciation
10.17%
Original Mortgage
$489,961
Outstanding Balance
$447,445
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$295,600

Purchase Details

Closed on
Apr 18, 1994
Sold by
Jimenez Manuel
Bought by
Maiz Alejandro and Maiz Flora

Purchase Details

Closed on
Nov 18, 1993
Sold by
Albury Robert Earle and Albury Katherine
Bought by
Jimenez Manuel
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
Castellanos Alberto Argudin $499,000 Best Solution Title Svcs Inc
Maiz Alejandro $138,000 --
Jimenez Manuel $95,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castellanos Alberto Argudin $89,288
Open Castellanos Alberto Argudin $489,961
Previous Owner Molinet Aida G $70,954
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $499,000 0.0% $350 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $499,000 -- $350 / 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 $11,483 $587,962 -- --
2024 $10,660 $551,140 -- --
2023 $10,660 $516,954 $0 $0
2022 $9,742 $477,695 $372,417 $105,278
2021 $7,094 $248,548 $0 $0
2020 $6,521 $359,002 $260,031 $98,971
2019 $6,176 $349,671 $260,031 $89,640
2018 $5,728 $343,645 $260,031 $83,614
2017 $4,960 $169,763 $0 $0
2016 $4,754 $154,330 $0 $0
2015 $4,491 $140,300 $0 $0
2014 $3,763 $127,546 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adrian Diaz

    Seller's Agent in 2021

    Adrian Diaz

    Luxe Properties

    (305) 975-3729

    1 in this area

    31 Total Sales

    Adrian Diaz
    Section Image

  • J

    Buyer's Agent in 2021

    Juan Perez Hernandez

    RDS Realty, LLC

    (305) 699-8202

    2 in this area

    22 Total Sales

    Juan Perez Hernandez
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11036873

MIAMI REALTORS® MLS

APN: 01-4104-031-0040

Florida Miami/Dade County Miami 33135 West Flagler

3645 SW 5th Terrace, Miami, FL

This home is located at 3645 SW 5th Terrace, Miami, FL 33135 since 04 May 2021 and is currently estimated at $792,766, approximately $555 per square foot. This property was built in 1950. 3645 SW 5th Terrace is a home located in Miami-Dade County with nearby schools including Auburndale Elementary School, Kinloch Park Middle School, and Miami 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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