NOT LISTED FOR SALE

4550 Banyan Ln Miami, FL 33137

Upper East Side South Neighborhood

Estimated Value: $4,493,868 - $6,202,000

4 Beds
4 Baths
3,597 Sq Ft
$1,450/Sq Ft Est. Value

Sale Details

Date Sold: December 9, 2014

Last sale price $1,915,000 $532 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $32,397 / mo

76 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Marble Flooring
  • Morningside K-8 Academy Rated 9+
  • Vaulted Ceiling
  • Main Floor Bedroom

About This Home

As of December 2014

Most sought after PRIVATE Community, BAY POINT! A 4 Bedroom 4 Bath pool home with a large 2 car garage set on over a 1/4 Acre of lush Tropical Gardens. Brightly lit. Updated Open Kitchen, High Beamed Ceilings, Fabulous outdoor Pool and Entertainment area in the best Island location on a quiet street. Come see why Diplomats and the Stars Call Miami's best kept secret, Bay Point, home!!!

Last Agent to Sell the Property

Farouk Gongee

Keller Williams Realty Miami Beach License #0315139 Listed on: 07/28/2014

Keller Williams Realty Miami Beach

Last Buyer's Agent

Farouk Gongee

Keller Williams Realty Miami Beach License #0315139 Listed on: 07/28/2014

Keller Williams Realty Miami Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,890

Year Built

  • Built in 1953

Lot Details

  • 13,600 Sq Ft Lot
  • West Facing Home
  • Fenced
  • Property is zoned 10/S FM

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Circular Driveway
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,597 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Family or Dining Combination
  • Den
  • Sun or Florida Room
  • Storage Room
  • Dryer
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio
  • Exterior Lighting
  • Awning

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Bay Point Subdivision
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number 01-32-19-008-2070

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,890

Year Built

Built in 1953

Lot Details

0.31 Acres

HOA Fees

$125 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1953
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Directions: PRIVATE COMMUNITY 45TH ST & BISCAYNE BLVD.
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: BAY POINT
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Built-in Features, Entrance Foyer, Vaulted Ceiling(s), Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Family Room, Florida Room, Great Room, Other, Storage
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Ceramic Floor, Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 3597
  • Possible Use: Unknown/Withheld
  • Window Features: Hurricane Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Family/Dining Combination
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Great Room, Other, Storage Room

Exterior Features

  • Roof: Flat Tile
  • View: Garden, Pool
  • Exterior Features: Lighting
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Awning(s), Deck, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: BAY POINT
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association Fee: 1500
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Maintained Community, Private Roads, Street Lights
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 01-32-19-008-2070
  • Lot Size Sq Ft: 13600
  • Zoning: 10/S FM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 10890

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2023
Sold by
Bought by
Current Estimated Value
$5,215,967

Purchase Details

Closed on
Sep 1, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,487,500
Interest Rate
0.0387%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 28, 2014
Closed on
Dec 9, 2014
Sold by
Bought by
Seller's Agent
Farouk Gongee
Keller Williams Realty Miami Beach
Buyer's Agent
Farouk Gongee
Keller Williams Realty Miami Beach
List Price
$2,300,000
Sold Price
$1,915,000
Premium/Discount to List
-$385,000
-16.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%
Original Mortgage
$1,175,000
Interest Rate
0.0409%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 9, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,100
Interest Rate
0.0352%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
0.0568%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 13, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,375,000 Attorney
$1,915,000 Attorney
-- None Available
-- None Available
$445,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,000,000
Closed $500,000
Previous Owner $1,487,500
Previous Owner $1,175,000
Previous Owner $648,100
Previous Owner $125,000
Previous Owner $595,000
Previous Owner $591,000
Previous Owner $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/09/2014 12/09/14 Sold $1,915,000 -16.7% $532 / Sq Ft
10/13/2014 10/13/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $2,300,000 -- $639 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $43,569 $3,140,929 $2,720,000 $420,929
2024 $38,585 $1,804,335
2023 $38,585 $1,640,305 $0 $0
2022 $32,168 $1,491,187 $0 $0
2021 $29,182 $1,355,625 $1,040,400 $315,225
2020 $27,827 $1,288,728 $971,040 $317,688
2019 $26,955 $1,244,951 $924,800 $320,151
2018 $26,512 $1,247,628 $924,800 $322,828
2017 $30,900 $1,440,707 $0 $0
2016 $30,902 $1,375,778 $0 $0
2015 $28,190 $1,250,708 $0 $0
2014 $11,075 $512,789 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Farouk Gongee

    Seller's Agent in 2014

    Farouk Gongee

    Keller Williams Realty Miami Beach

    (305) 609-4323

    8 Total Sales

    Farouk Gongee
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1983081

MIAMI REALTORS® MLS

APN: 01-3219-008-2070

Florida Miami/Dade County Miami 33137 Upper East Side South

4550 Banyan Ln, Miami, FL

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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