NOT LISTED FOR SALE
-- Bed
-- Bath
12,604 Sq Ft
0.29 Acres

Last Sold December 30, 2016

Last sale price $32 $0 Per Sq Ft

Highlights

  • No HOA
  • Cooling Available
  • 1-minute walk to Merrick Park
  • Coral Gables Preparatory Academy Rated A-
  • Ceramic Tile Flooring

About This Home

As of December 2016

In the heart of Coral Wales cozy office with S / F 600. In Completely remodeled office/medical building.Walking distance to City Hall & Miracle Mile

Last Agent to Sell the Property

Luis Rafet

MMLS Assoc.-Inactive Member License #3114769 Listed on: 12/30/2016

Last Buyer's Agent

Luis Rafet

MMLS Assoc.-Inactive Member License #3114769 Listed on: 12/30/2016

Property Details

Property Type

  • Other

Year Built

  • Built in 1963

Lot Details

  • 0.29 Acre Lot
  • Property is zoned CA

Home Design

  • Concrete Roof

Flooring

  • Carpet
  • Ceramic Tile

Additional Features

  • 4-Story Property
  • Cooling Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 03-41-17-008-0930

Property Details

Property Type

Other

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1963
  • Property Sub Type: Lease
  • Business Type: Building Service, Medical Office
  • Directions: In the heart of Coral Wales cozy office with S / F 600. In Completely remodeled office/medical building.Walking distance to City Hall & Miracle Mile
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 4
  • Structure Type: Lease
  • Year Built Details: Unknown
  • ResoPropertyType: CommercialSale
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Carpet, Ceramic Floor
  • Possible Use: Unknown/Withheld
  • Stories: 4

Exterior Features

  • Roof: Concrete
  • Pool Private: No
  • View: No
  • Waterfront: No

Utilities

  • Sewer: Public Sanitation
  • Water Source: Public
  • Cooling: Central Building A/C, Central Individual A/C
  • Cooling Y N: Yes
  • Electric: 101-200 Amps
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 03-41-17-008-0930
  • Current Use: Commercial Lease
  • Land Lease: No
  • Lot Size Sq Ft: 12604
  • Zoning: CA
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Lease Term: 1 To 3 Year Lease

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 81307

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2019
Sold by
Altis 475 Llc
Bought by
475 Biltmore Mob Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000,000
Outstanding Balance
$22,994,192
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2011
Sold by
Biltmore Llc
Bought by
Altis 475 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2006
Sold by
Acuario Nuevo Mundo S A
Bought by
Biltmore Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,400,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2003
Sold by
Biltmore Way Holdings Llc
Bought by
Cegemex Sa
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
475 Biltmore Mob Llc $14,602,500 Attorney
Altis 475 Llc $5,900,000 Attorney
Biltmore Llc $8,000,000 Attorney
Cegemex Sa $5,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 475 Biltmore Mob Llc $26,000,000
Previous Owner Altis 475 Llc $12,000,000
Previous Owner Biltmore Llc $6,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $32 0.0% $0 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
12/30/2016 12/30/16 For Sale $32 -- $0 / 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 $148,209 $8,000,000 $5,041,600 $2,958,400
2024 $145,390 $8,000,000 $5,041,600 $2,958,400
2023 $145,390 $7,800,000 $5,041,600 $2,758,400
2022 $143,404 $7,480,000 $0 $0
2021 $141,826 $7,400,000 $3,907,240 $3,492,760
2020 $140,321 $7,300,000 $2,772,880 $4,527,120
2019 $109,603 $6,300,000 $2,520,800 $3,779,200
2018 $93,352 $5,130,000 $2,520,800 $2,609,200
2017 $86,889 $4,352,972 $0 $0
2016 $81,307 $3,957,248 $0 $0
2015 $75,735 $3,597,499 $0 $0
2014 $69,871 $3,270,454 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10199458

MIAMI REALTORS® MLS

APN: 03-4117-008-0930