NOT LISTED FOR SALE

40 E 55th St Hialeah, FL 33013

Estimated Value: $669,678 - $707,000

4 Beds
3 Baths
1,657 Sq Ft
$414/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $640,000 $386 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,312/month

53 Days on Market

Highlights

  • Maid or Guest Quarters
  • Converted Garage
  • 1-Story Property
  • No HOA
  • Ceramic Tile Flooring
  • Central Air

About This Home

As of August 2024

Property is generating $61,200 yearly income. Investors welcomed. DO NOT DISTURB TENANTS. Call/Text agent to schedule for showings MUST Show proof of funds or DU to prior to showing. 24 Hour Notice required.

Last Agent to Sell the Property

Maribel Almaguer

Lifestyle International Realty License #3418669 Listed on: 03/30/2024

Lifestyle International Realty

Last Buyer's Agent

Joann Madriz Farinas

Serhant License #3371882

Serhant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,472

Year Built

  • Built in 1953

Lot Details

  • 8,100 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Property is zoned 0100

Home Design

  • Studio
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,657 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Converted Garage
  • Driveway
  • On-Street Parking
  • Open Parking

Schools

  • Hialeah High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • London Terr 2Nd Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04-21-31-004-0180

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,472

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1953
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: LONDON TERR 2ND ADDN
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Electric Range, Washer
  • Interior Amenities: First Floor Entry, Garage Converted, Maid/In-Law Quarters, Studio Apartment
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Ceramic Floor, Tile
  • Furnished: Unfurnished
  • Living Area: 1657
  • Possible Use: Investment
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level
  • Living Room Features: Garage Converted, Maid/In-Law Quarters, Studio Apartment

Exterior Features

  • Roof: Shingle
  • View: None
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LONDON TERR 2ND ADDN
  • Open Parking: Yes
  • Parking Features: Driveway, On Street

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: None, Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • High School: Hialeah

Lot Info

  • Parcel Number: 04-21-31-004-0180
  • Lot Size Sq Ft: 8100
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7472

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2024
Closed on
Aug 30, 2024
Sold by
Mendez Claudia
Bought by
Korban House Llc
Seller's Agent
Maribel Almaguer
Lifestyle International Realty
Buyer's Agent
Joann Madriz Farinas
Serhant
List Price
$685,000
Sold Price
$640,000
Premium/Discount to List
-$45,000
-6.57%
Views
49
Current Estimated Value
$685,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,420
Avg. Annual Appreciation
5.42%
Original Mortgage
$480,000
Outstanding Balance
$474,914
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$210,506

Purchase Details

Closed on
Oct 21, 2022
Sold by
Mendez Julio
Bought by
Mendez Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,868
Interest Rate
6.02%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 22, 2022
Sold by
Trust 97-02
Bought by
Mendez Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
1.2%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 31, 1997
Sold by
Jorge and Seoane Caridad
Bought by
Seoane Jorge
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Korban House Llc $640,000 Title Now
Korban House Llc $640,000 Title Now
Mendez Claudia $476,500 Omega Title
Mendez Julio $475,000 Omega Title
Seoane Jorge $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korban House Llc $480,000
Closed Korban House Llc $480,000
Previous Owner Mendez Claudia $467,868
Previous Owner Mendez Julio $427,500
Previous Owner Seoane Jorge $131,000
Previous Owner Seoane Jorge $132,770
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $640,000 -1.5% $386 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
04/20/2024 04/20/24 Price Changed $650,000 -5.1% $392 / Sq Ft
03/31/2024 03/31/24 For Sale $685,000 -- $413 / 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 $8,516 $506,442 $348,300 $158,142
2024 $7,472 $437,907 -- --
2023 $7,472 $398,098 $238,645 $159,453
2022 $6,093 $306,299 $0 $0
2021 $5,367 $278,454 $156,037 $122,417
2020 $5,110 $272,437 $149,460 $122,977
2019 $4,839 $272,999 $149,460 $123,539
2018 $4,077 $243,187 $135,957 $107,230
2017 $3,699 $181,817 $0 $0
2016 $3,373 $165,289 $0 $0
2015 $3,067 $150,263 $0 $0
2014 $2,781 $136,603 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11560372

MIAMI REALTORS® MLS

APN: 04-2131-004-0180