NOT LISTED FOR SALE

Grapetree Townhouse 425 Grapetree Dr Unit 209 Key Biscayne, FL 33149

Estimated Value: $1,074,000 - $1,234,000

2 Beds
2.5 Baths
1,404 Sq Ft
$829/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2021

Last sale price $875,000 $623 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,090 / mo

124 Days on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Heated Community Pool
  • Key Biscayne K-8 Center Rated A-
  • Garden View
  • Balcony

About This Home

As of September 2021

PLEASE NOTE ASKING PRICE IS FIRM AS PER OWNER. INVESTORS ONLY PLEASE. TENANT IN PLACE UNTIL NOVEMBER 15, 2021 AT $3600. Coveted 2/2.5 plus Den Grapetree Townhome on Key Biscayne. Beautifully renovated, open kitchen. Mexican tile downstairs and wood floors upstairs. Steps from the beach through a private deeded access. Dogs up to 20lbs welcome. Can be combined with unit 208 for a family complex!!! In walking distance to Bill Baggs State Park, shops, and restaurants. Wonderful opportunity to own on Island Paradise! Tenant occupied month to month.

Last Agent to Sell the Property

Paola Padovan

Padovan Realty Corp. License #3005802 Listed on: 04/11/2021

Co-Listed By

Michele Estevez

Padovan Realty Corp. License #0565980

Last Buyer's Agent

Philip Meagher

Fortune Christie's International Real Estate License #0609108

Fortune Christie's International Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,380

Year Built

  • Built in 1974

HOA Fees

  • $770 Monthly HOA Fees

Home Design

  • Split Level Home
  • Entry on the 1st floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,404 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Garden Views

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-04-012-0360

Community Details

Overview

  • Grapetree Townhomes Condos
  • Grapetree Townhouse Condo Subdivision
  • Car Wash Area

Recreation

  • Community Playground
  • Heated Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Additional Features

  • Clubhouse
  • Complex Is Fenced

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,380

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

HOA Fees

$770 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Townhouse
  • Architectural Style: Split Level
  • Co List Office Mls Id: PDVN01
  • Co List Office Phone: 305-915-4044
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse
  • Subdivision Name: GRAPETREE TOWNHOUSE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor, Wood
  • Furnished: Unfurnished
  • Living Area: 1404
  • Possible Use: Unknown/Withheld
  • Stories: 2
  • Bedroom Features: Master Bedroom Upstairs

Exterior Features

  • View: Garden View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Grapetree Townhomes
  • Parking Features: 1 Space, Assigned, Guest

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Complex Fenced

Condo/Co-op/Association

  • Association Fee: 770
  • Amenities: Clubhouse-Clubroom, Heated Pool, Child Play Area, Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-52-04-012-0360
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10380

Multi Family

  • Maintenance Expense: 770

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2021
Closed on
Sep 15, 2021
Sold by
Aponte Gustavo Henrique Garcia
Bought by
Read Elizabeth R and The Read Family Trust
Seller's Agent
Paola Padovan
Padovan Realty Corp.
Buyer's Agent
Philip Meagher
Fortune Christie's International Real Estate
List Price
$890,000
Sold Price
$875,000
Premium/Discount to List
-$15,000
-1.69%
Current Estimated Value
$1,163,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,741
Avg. Annual Appreciation
6.31%

Purchase Details

Listed on
Jan 16, 2015
Closed on
Apr 24, 2015
Sold by
Arellano Gonzalo and Arellano Dianny G
Bought by
Aponte Gustavo Henrique Garcia
Seller's Agent
Cecile Sanchez
Fortune Christie's International Real Estate
Buyer's Agent
Cecile Sanchez
Fortune Christie's International Real Estate
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.38%
Original Mortgage
$520,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 25, 2007
Sold by
Arellano Alina M R and Arellano Michelle R
Bought by
Arellano Gonzalo and Arellano Dianny G

Purchase Details

Closed on
Aug 30, 2001
Sold by
Salin Investments Corp C
Bought by
209 Grapetree Drive Trust

Purchase Details

Closed on
Jun 18, 1998
Sold by
Marpac Investmentinc Corp
Bought by
Salin Investment Corp
Source: Public Records
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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
Read Elizabeth R $875,000 Attorney
Aponte Gustavo Henrique Garcia $800,000 None Available
Arellano Gonzalo $582,800 Attorney
209 Grapetree Drive Trust $250,000 --
Salin Investment Corp $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aponte Gustavo Henrique Garcia $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2021 09/15/21 Sold $875,000 -1.7% $623 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $890,000 +1.7% $634 / Sq Ft
04/19/2021 04/19/21 Off Market $875,000 -- --
04/11/2021 04/11/21 For Sale $890,000 0.0% $634 / Sq Ft
08/04/2015 08/04/15 Rented $4,000 -11.1% --
07/05/2015 07/05/15 Under Contract -- -- --
05/25/2015 05/25/15 For Rent $4,500 0.0% --
04/29/2015 04/29/15 Off Market $800,000 -- --
02/25/2015 02/25/15 Sold $800,000 -5.9% $570 / Sq Ft View Prior Sale
02/23/2015 02/23/15 Pending -- -- --
02/19/2015 02/19/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $850,000 -- $605 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $13,299 $849,178 -- --
2024 $12,307 $771,980 -- --
2023 $12,307 $701,800 $0 $0
2022 $10,341 $638,000 $0 $0
2021 $9,747 $580,000 $0 $0
2020 $9,576 $580,000 $0 $0
2019 $9,600 $580,000 $0 $0
2018 $10,053 $627,730 $0 $0
2017 $10,140 $627,730 $0 $0
2016 $10,380 $627,730 $0 $0
2015 $9,901 $551,540 $0 $0
2014 -- $501,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11026143

MIAMI REALTORS® MLS

APN: 24-5204-012-0360

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