NOT LISTED FOR SALE

5200 SW 88th Ct Miami, FL 33165

Olympia Heights Neighborhood

Estimated Value: $894,000 - $1,084,000

0.75 Acre
$1,351,496 Price per Acre
32,670 Sq Ft Lot

Last Sold April 15, 2021

Last sale price $1,200,000 $2,264 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $6,110/month

271 Days on Market

Highlights

  • 0.75 Acre Lot
  • Corner Lot
  • Landscaped with Trees
  • Southwest Miami Senior High School Rated A-
  • No HOA
  • Fenced

About This Lot

As of April 2021

Prime development opportunity in coveted Hammock Lakes neighborhood. Existing home is in disrepair and in need of serious rehabilitation. Property is being sold for land value only. 3/4 acre on the corner of Schoolhouse Road and SW 88 Street, with entrances and exits on both streets. Lots is in gated community of Hammock Lakes.

Last Agent to Sell the Property

Lance Ruffe

Ruffe Realty LLC License #3328318 Listed on: 01/05/2020

Last Buyer's Agent

Lorenzo Perez

MMLS Assoc.-Inactive Member License #3034225

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,923

Lot Details

  • 0.75 Acre Lot
  • East Facing Home
  • Fenced
  • Corner Lot
  • Landscaped with Trees
  • Property is zoned 0100

Home Design

  • 530 Sq Ft Home

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Hammock Lake No 2 Condos
  • Hammock Lake No 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-51-06-003-0090

Property Details

Property Type

Land

Est. Annual Taxes

$21,923

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • Lot Size Acres: 0.75
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: HAMMOCK LAKE NO 2
  • Special Features: None

Interior Features

  • Living Area: 530
  • Possible Use: Primary

Exterior Features

  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: City Location, Corner Location, 3/4 To Less Than 1 Acre Lot, Fenced
  • Other Structures: Run Down
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: HAMMOCK LAKE NO 2

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 03-51-06-003-0090
  • Additional Parcels: No
  • Current Use: Residential, Check Land Use Plan
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 32234
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 21923

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2013
Sold by
Chaguaceda Manuel A and Chaguaceda Christine P
Bought by
Rosales Janeen B
Current Estimated Value
$1,013,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,400
Outstanding Balance
$234,464
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$779,158

Purchase Details

Closed on
Dec 9, 2004
Sold by
Alvarez Felix and Alvarez Maritza
Bought by
Chaguaceda Manuel Andres and Chaguaceda Christine P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 20, 1998
Sold by
Joseph and Pineda Carol A
Bought by
Alvarez Felix and Herrera Maritza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
6.47%
Mortgage Type
New Conventional
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
Rosales Janeen B $393,000 Attorney
Chaguaceda Manuel Andres $365,000 --
Alvarez Felix $151,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosales Janeen B $314,400
Previous Owner Chaguaceda Manuel Andres $292,000
Previous Owner Alvarez Felix $176,250
Previous Owner Alvarez Felix $135,900
Closed Chaguaceda Manuel Andres $36,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2021 04/15/21 Sold $1,200,000 -11.0% $2,264 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
08/31/2020 08/31/20 Price Changed $1,349,000 -10.0% $2,545 / Sq Ft
05/02/2020 05/02/20 Price Changed $1,499,000 -6.3% $2,828 / Sq Ft
01/04/2020 01/04/20 For Sale $1,599,000 -- $3,017 / 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 $8,830 $531,484 -- --
2024 $8,475 $516,506 -- --
2023 $8,475 $501,463 $0 $0
2022 $8,196 $486,858 $0 $0
2021 $8,148 $472,678 $202,536 $270,142
2020 $8,935 $475,936 $202,536 $273,400
2019 $9,987 $534,046 $257,390 $276,656
2018 $9,223 $503,547 $223,634 $279,913
2017 $8,634 $460,950 $0 $0
2016 $8,007 $419,046 $0 $0
2015 $6,815 $342,865 $0 $0
2014 -- $311,696 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lance Ruffe

    Seller's Agent in 2021

    Lance Ruffe

    Ruffe Realty LLC

    (305) 606-7647

    1 in this area

    14 Total Sales

    Lance Ruffe
    Section Image

  • L

    Buyer's Agent in 2021

    Lorenzo Perez

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10794058

MIAMI REALTORS® MLS

APN: 30-4021-009-0200

Florida Miami/Dade County Miami 33156 Olympia Heights

5200 SW 88th Ct, Miami, FL

This home is located at 5200 SW 88th Ct, Miami, FL 33165 since 05 January 2020 and is currently estimated at $1,013,622, approximately $1,912 per square foot. 5200 SW 88th Ct 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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