NOT LISTED FOR SALE

505 Palermo Ave Coral Gables, FL 33134

Central Coral Gables Neighborhood

Estimated Value: $2,090,000 - $2,880,000

4 Beds
3.5 Baths
2,565 Sq Ft
$953/Sq Ft Est. Value

Last Sold November 09, 2022

Last sale price $1,900,000 $741 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $15,715/month

63 Days on Market

Highlights

  • Room in yard for a pool
  • Wood Flooring
  • Fireplace
  • Coral Gables Preparatory Academy Rated A-
  • No HOA
  • 1 Car Attached Garage

About This Home

As of November 2022

EXCEPTIONAL single family home in the esteemed heart of Coral Gables on a double corner lot. This single level residence in The City Beautiful enjoys an enlarged and gracious outdoor social area and stunning landscaping. The interior boasts a distinct floor plan with the main house consisting of three bedrooms, two and a half baths, a new kitchen with custom cabinets, a large den area with multiple uses making it flexible for the next homeowner's needs. Finally there is a separate in-law suite with a full bathroom, kitchenette and separate entrance. All bathrooms are updated and the Master bathroom features a “spa” like wet room. Additionally, there is room for a pool or an addition allowing for a custom build-out.

Last Agent to Sell the Property

Charles Irwin

Compass Florida, LLC. License #3489973 Listed on: 09/06/2022

Compass Florida, LLC.

Last Buyer's Agent

Marc Sacheli

Sterling Equity Realty LLC License #3222170

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,746

Year Built

  • Built in 1941

Lot Details

  • 0.29 Acre Lot
  • South Facing Home
  • Property is zoned 0100

Parking

  • 1 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Studio
  • Concrete Block With Brick
  • Flat Roof with Façade front
  • Tile Roof

Interior Spaces

  • 2,565 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Family Room
  • Property Views

Kitchen

  • Electric Range
  • Ice Maker

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub
  • Shower Only

Additional Features

  • Room in yard for a pool
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Coral Gables Biltmore Sec Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-41-17-008-3470

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,746

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1941
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: CORAL GABLES BILTMORE SEC
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Ice Maker, Electric Range, Refrigerator
  • Interior Amenities: Family Room, Studio Apartment
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Ceramic Floor, Wood
  • Furnished: Unfurnished
  • Living Area: 2565
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Master Bedroom Ground Level, Master Bath Shower, Master Bath Tub
  • Living Room Features: Family Room, Studio Apartment

Exterior Features

  • Roof: Flat Roof With Facade Front, Curved/S-Tile Roof
  • View: Other
  • Exterior Features: Room For Pool
  • Construction Type: Concrete Block With Brick
  • Direction Faces: South
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CORAL GABLES BILTMORE SEC
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 03-41-17-008-3470
  • Lot Size Sq Ft: 12570
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 14746

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2024
Sold by
Thier Whitney
Bought by
Thier Whitney and Gillespie Family Trust
Current Estimated Value
$2,444,709

Purchase Details

Listed on
Sep 6, 2022
Closed on
Nov 8, 2022
Sold by
Irwin Charles and Irwin Dona
Bought by
Thier Whitney
Seller's Agent
Charles Irwin
Compass Florida, LLC.
Buyer's Agent
Marc Sacheli
Sterling Equity Realty LLC
List Price
$1,949,000
Sold Price
$1,900,000
Premium/Discount to List
-$49,000
-2.51%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%
Original Mortgage
$1,520,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2020
Closed on
Aug 6, 2020
Sold by
Escalante Marcos Efren Saravia
Bought by
Irwin Charles and Irwin Dona
Seller's Agent
Alex Castro
Coldwell Banker Realty
Buyer's Agent
Anabella Hidalgo
Compass Florida, LLC.
List Price
$1,100,000
Sold Price
$940,000
Premium/Discount to List
-$160,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.53%

Purchase Details

Closed on
Apr 14, 2017
Sold by
Avila Yasmin Alejandra Portales
Bought by
Escalante Marcos Efren Saravia

Purchase Details

Listed on
Oct 3, 2011
Closed on
Jan 26, 2012
Sold by
Abreu Edilberto S
Bought by
Escalante Marcos Efren Saravia and Avila Yasmin Alejandra Portales
Seller's Agent
Magaly Hurtado
MMLS Assoc.-Inactive Member
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.69%
Original Mortgage
$417,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 1999
Sold by
Century R E O Inc
Bought by
Abreu Edilberto S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 1999
Sold by
Duffey Michael
Bought by
Century R E O Inc

Purchase Details

Closed on
Aug 27, 1996
Sold by
Duffey Kathleen
Bought by
Duffey Michael
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
Thier Whitney -- None Listed On Document
Thier Whitney $1,900,000 Union Title
Irwin Charles $940,000 Attorney
Escalante Marcos Efren Saravia -- None Available
Escalante Marcos Efren Saravia $550,000 Title Services Of Dade Inc
Abreu Edilberto S $229,000 --
Century R E O Inc $160,000 --
Duffey Michael $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thier Whitney $1,520,000
Previous Owner Irwin Charles $750,000
Previous Owner Irwin Charles $225,000
Previous Owner Escalante Marcos Efren Saravia $160,000
Previous Owner Escalante Marcos Efren Saravia $417,000
Previous Owner Abreu Edilberto S $250,000
Previous Owner Duffey Michael $290,000
Previous Owner Duffey Michael $50,000
Previous Owner Duffey Michael $183,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $1,900,000 -2.5% $741 / Sq Ft
09/06/2022 09/06/22 For Sale $1,949,000 +107.3% $760 / Sq Ft
08/06/2020 08/06/20 Sold $940,000 -8.3% $366 / Sq Ft
03/23/2020 03/23/20 Price Changed $1,025,000 -4.2% $400 / Sq Ft
03/13/2020 03/13/20 Price Changed $1,070,000 -2.7% $417 / Sq Ft
01/17/2020 01/17/20 For Sale $1,100,000 0.0% $429 / Sq Ft
08/01/2017 08/01/17 Rented $4,250 -6.6% --
06/19/2017 06/19/17 Under Contract -- -- --
05/26/2017 05/26/17 For Rent $4,550 +7.1% --
07/01/2016 07/01/16 Rented $4,250 -6.6% --
05/26/2016 05/26/16 Under Contract -- -- --
05/03/2016 05/03/16 Price Changed $4,550 -22.9% $2 / Sq Ft
02/19/2016 02/19/16 For Rent $5,900 0.0% --
01/27/2012 01/27/12 Sold $550,000 0.0% $236 / Sq Ft
12/15/2011 12/15/11 Pending -- -- --
10/03/2011 10/03/11 For Sale $550,000 -- $236 / 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 $27,958 $1,618,665 -- --
2024 $27,282 $1,573,047 -- --
2023 $27,282 $1,527,231 $0 $0
2022 $15,688 $845,296 $0 $0
2021 $14,746 $820,676 $660,399 $160,277
2020 $17,453 $873,755 $660,399 $213,356
2019 $17,328 $874,130 $660,399 $213,731
2018 $16,020 $874,504 $660,399 $214,105
2017 $14,026 $710,427 $0 $0
2016 $13,118 $639,111 $0 $0
2015 $12,269 $581,010 $0 $0
2014 $10,452 $501,333 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Charles Irwin

    Compass Florida, LLC.

    (917) 374-8239

    2 in this area

    5 Total Sales

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  • Marc Sacheli

    Buyer's Agent in 2022

    Marc Sacheli

    Sterling Equity Realty LLC

    (305) 898-2818

    1 in this area

    22 Total Sales

    Section Image
  • Alex Castro

    Seller's Agent in 2020

    Alex Castro

    Coldwell Banker Realty

    (305) 972-4117

    31 Total Sales

    Section Image
  • Anabella Hidalgo

    Buyer's Agent in 2020

    Anabella Hidalgo

    Compass Florida, LLC.

    (305) 302-8118

    6 Total Sales

    Section Image

  • J

    Seller's Agent in 2017

    Juan Patino

    Avanti Way Realty LLC

    (305) 332-6452

    9 Total Sales

    Section Image
  • Maria Cristina Fontoura

    Buyer's Agent in 2017

    Maria Cristina Fontoura

    London Foster Realty

    (786) 203-0449

    13 Total Sales

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11268614

MIAMI REALTORS® MLS

APN: 03-4117-008-3470

Florida Miami/Dade County Coral Gables 33134 Central Coral Gables

505 Palermo Ave, Coral Gables, FL

This home is located at 505 Palermo Ave, Coral Gables, FL 33134 since 06 September 2022 and is currently estimated at $2,444,709, approximately $953 per square foot. This property was built in 1941. 505 Palermo Ave is a home located in Miami-Dade County with nearby schools including Coral Gables Preparatory Academy, Ponce de Leon Middle School, and Coral Gables Senior High School.

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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