NOT LISTED FOR SALE

5100 SW 87th Ave Miami, FL 33165

Olympia Heights Neighborhood

Estimated Value: $930,000 - $1,000,000

4 Beds
2 Baths
2,284 Sq Ft
$425/Sq Ft Est. Value

Last Sold December 26, 2023

Last sale price $920,000 $403 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,551/month

69 Days on Market

Highlights

  • Sun or Florida Room
  • No HOA
  • High Impact Door
  • Southwest Miami Senior High School Rated A-
  • Cooking Island
  • Closet Cabinetry

About This Home

As of December 2023

Welcome to your oasis of luxury! This fully remodeled 4-bed, 2-bath home rests on an expansive lot, offering space, style, and tranquility. Step outside and be greeted by the exquisite exterior upgrades: a brand-new, sleek metal roof, a sprawling modern driveway, impact windows and doors, and much more. Inside, the home showcases new tile flooring across the open floor plan bathed with modern interior lighting. The heart of this home is its gourmet kitchen, adorned with high-end finishes and appliances. The bathrooms have also been tastefully updated, and a huge A/C (2023) is sure to keep the house cool. With an impeccable finish and attention to detail, this timeless mid-century modern residence is more than just a house—it's your dream home!

Last Agent to Sell the Property

Jose Palomo

Florida Realty of Miami Corp License #3423339 Listed on: 10/17/2023

Florida Realty of Miami Corp

Last Buyer's Agent

Cristina Ramirez

NV Realty Services, Inc. License #0677425

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 1957

Lot Details

  • 8,625 Sq Ft Lot
  • East Facing Home
  • Fenced
  • Property is zoned 0100

Home Design

  • Tar and Gravel Roof
  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,284 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Sun or Florida Room
  • High Impact Door

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Driveway
  • Open Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Blue Lakes Elementary School
  • Rockway Middle School
  • Southwest Miami High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Miller Heights Sec 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-40-21-013-0320

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,615

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1957
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: MILLER HEIGHTS SEC 1
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Cooking Island, Pantry, Walk-In Closet(s), Family Room, Florida Room
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 2284
  • Possible Use: Primary
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level
  • Living Room Features: Family Room, Florida Room

Exterior Features

  • Roof: Metal Roof, Tar & Gravel Roof
  • View: None
  • Exterior Features: Lighting
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MILLER HEIGHTS SEC 1
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Blue Lakes
  • High School: Southwest Miami
  • Middle Or Junior School: Rockway

Lot Info

  • Parcel Number: 30-40-21-013-0320
  • Lot Size Sq Ft: 8625
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Dec 26, 2023
Sold by
Palomo Property Group Inc
Bought by
Velazquez Edgar
Seller's Agent
Jose Palomo
Florida Realty of Miami Corp
Buyer's Agent
Cristina Ramirez
NV Realty Services, Inc.
List Price
$959,900
Sold Price
$920,000
Premium/Discount to List
-$39,900
-4.16%
Views
104
Current Estimated Value
$1,013,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,061
Avg. Annual Appreciation
6.76%
Original Mortgage
$736,000
Outstanding Balance
$725,200
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$297,661

Purchase Details

Listed on
Dec 15, 2022
Closed on
Mar 31, 2023
Sold by
Jagolinzer Phyllis Flinn
Bought by
Palomo Property Group Inc
Seller's Agent
Virginia Perillo
Douglas Elliman
Buyer's Agent
Jose Palomo
Florida Realty of Miami Corp
List Price
$770,000
Sold Price
$580,000
Premium/Discount to List
-$190,000
-24.68%
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
88.13%
Original Mortgage
$406,000
Interest Rate
6.65%
Mortgage Type
Construction
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
Velazquez Edgar $920,000 None Listed On Document
Palomo Property Group Inc $190,000 Sunny Title
Palomo Property Group Inc $190,000 Sunny Title
Palomo Property Group Inc $200,000 Sunny Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velazquez Edgar $736,000
Previous Owner Palomo Property Group Inc $406,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2023 12/26/23 Sold $920,000 -4.2% $403 / Sq Ft
11/08/2023 11/08/23 Price Changed $959,900 0.0% $420 / Sq Ft
11/08/2023 11/08/23 For Sale $959,900 +4.3% $420 / Sq Ft
11/03/2023 11/03/23 Off Market $920,000 -- --
10/17/2023 10/17/23 For Sale $1,030,000 +77.6% $451 / Sq Ft
04/05/2023 04/05/23 Sold $580,000 -15.8% $254 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
01/23/2023 01/23/23 Price Changed $689,000 -10.5% $302 / Sq Ft
12/15/2022 12/15/22 For Sale $770,000 -- $337 / 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 $11,466 $692,824 -- --
2024 $8,441 $673,299 -- --
2023 $8,441 $460,543 $232,099 $228,444
2022 $2,615 $161,526 $0 $0
2021 $2,561 $156,822 $0 $0
2020 $2,532 $154,657 $0 $0
2019 $2,476 $151,180 $0 $0
2018 $2,364 $148,362 $0 $0
2017 $2,327 $145,311 $0 $0
2016 $2,298 $142,323 $0 $0
2015 $2,316 $141,334 $0 $0
2014 -- $138,674 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jose Palomo

    Florida Realty of Miami

    (305) 598-5488

    4 in this area

    26 Total Sales

    Section Image

  • V

    Seller's Agent in 2023

    Virginia Perillo

    Douglas Elliman

    Section Image
  • Cristina Ramirez

    Buyer's Agent in 2023

    Cristina Ramirez

    NV Realty Services, Inc.

    (305) 609-6980

    1 in this area

    47 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11470178

MIAMI REALTORS® MLS

APN: 30-4021-013-0320

Florida Miami/Dade County Miami 33155 Olympia Heights

5100 SW 87th Ave, Miami, FL

This home is located at 5100 SW 87th Ave, Miami, FL 33165 since 17 October 2023 and is currently estimated at $970,920, approximately $425 per square foot. This property was built in 1957. 5100 SW 87th Ave is a home located in Miami-Dade County with nearby schools including Blue Lakes Elementary School, Glades Middle School, and Southwest Miami 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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