NOT LISTED FOR SALE

Estimated Value: $6,005,000 - $9,942,045

4 Beds
3.5 Baths
3,887 Sq Ft
$2,046/Sq Ft Est. Value

Last Sold June 22, 2018

Last sale price $2,450,000 $630 Per Sq Ft

Est. 225% increase in value since last sale

Current estimated payment $52,805/month

107 Days on Market

Highlights

  • Home Theater
  • Deck
  • Main Floor Bedroom
  • In Ground Pool
  • Marble Flooring
  • Garden View

About This Home

As of June 2018

Beautifully manicured family home in the prestigious Island at Bay Point Estates. Unique location in front of park on the Island. Functional family floor plan with great flow. Elegant spacious entertainment areas. Resort style heated pool in lush tropical landscape. Charming architecture and curb appeal. Private roads, gated residential community just east of the trendy Design District. A serene oasis in the heart of the city. Close to reputable private schools, shopping, restaurants, parks and beaches. Ideal family living in a secured environment within minutes from everywhere.

Last Agent to Sell the Property

Farid Moussallem

Douglas Elliman License #0705303 Listed on: 01/08/2018

Douglas Elliman

Co-Listed By

Jake Schlosberg

Compass Florida, LLC. License #3317685

Last Buyer's Agent

Rainier Sebastian Leon

Real Estate Sales Force License #3205198

Real Estate Sales Force

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,477

Year Built

  • Built in 1941

Lot Details

  • 0.35 Acre Lot
  • East Facing Home
  • Fenced
  • Property is zoned 0100

HOA Fees

  • $208 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Guest Parking
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Barrel Roof Shape
  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Custom Mirrors
  • Built-In Features
  • Decorative Fireplace
  • Bay Window
  • French Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Storage Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-32-19-008-2100

Community Details

Overview

  • Bay Point Subdivision
  • The community has rules related to building or community restrictions

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,477

Year Built

Built in 1941

Lot Details

0

HOA Fees

$208 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1941
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Other
  • Co List Office Mls Id: COMP01
  • Co List Office Phone: 305-851-2820
  • Directions: Guard gate located on Biscayne Blvd and East on 45th street level.
  • 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_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Closet Cabinetry, Cooking Island, Custom Mirrors, Entrance Foyer, French Doors, Laundry Tub, Other, Pantry, Family Room, Great Room, Media Room, Storage, Utility Room/Laundry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: High Impact Doors, French Doors
  • Entry Location: Foyer
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Possible Use: Unknown/Withheld
  • Window Features: Clear Impact Glass, Bay Window(s), High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining, Snack Bar/Counter
  • Living Room Features: Family Room, Great Room, Media Room, Other, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Combination Tub & Shower, None

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BAY POINT
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Guest, Limited # Of Vehicle

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub, Utility Room/Laundry
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association Fee: 2500
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Private Roads, Subdivision Restrictions, Security Patrol, Street Lights
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 01-32-19-008-2100
  • Lot Size Sq Ft: 15215
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 14477

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2018
Closed on
Jun 21, 2018
Sold by
Haykel Barbara A
Bought by
Mcl 4550 Island Llc
Seller's Agent
Farid Moussallem
Douglas Elliman
Buyer's Agent
Rainier Sebastian Leon
Real Estate Sales Force
List Price
$2,700,000
Sold Price
$2,450,000
Premium/Discount to List
-$250,000
-9.26%
Current Estimated Value
$7,953,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,503,011
Avg. Annual Appreciation
17.90%

Purchase Details

Closed on
Jun 21, 2015
Sold by
Moussallem Farid and Haykel Barbara A
Bought by
Haykel Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.92%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 18, 1998
Sold by
Cagney William P and Cagney Cynthia S
Bought by
Moussallem Farid and Haykel Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mcl 4550 Island Llc $2,450,000 Capital Title Group Inc
Haykel Barbara A -- Attorney
Moussallem Farid $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcl 4550 Island Llc $3,900,000
Previous Owner Haykel Barbara $100,000
Previous Owner Moussallem Farid $200,000
Previous Owner Moussallem Farid $720,000
Previous Owner Moussallem Farid $200,000
Previous Owner Moussallem Farid $580,000
Previous Owner Moussallem Farid $150,000
Previous Owner Moussallem Farid $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2018 06/22/18 Sold $2,450,000 -7.5% $630 / Sq Ft
04/22/2018 04/22/18 Pending -- -- --
03/08/2018 03/08/18 Price Changed $2,650,000 -1.9% $682 / Sq Ft
01/05/2018 01/05/18 For Sale $2,700,000 -- $695 / 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 $111,159 $5,785,907 -- --
2024 $102,977 $5,259,916 -- --
2023 $102,977 $4,781,742 $0 $0
2022 $26,981 $1,280,342 $0 $0
2021 $24,730 $1,163,948 $1,163,948 $0
2020 $35,882 $1,666,886 $1,086,351 $580,535
2019 $35,207 $1,631,496 $1,034,620 $596,876
2018 $14,625 $722,057 $0 $0
2017 $14,477 $707,206 $0 $0
2016 $14,590 $692,661 $0 $0
2015 $14,753 $687,847 $0 $0
2014 -- $682,388 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10397025

MIAMI REALTORS® MLS

APN: 01-3219-008-2100