NOT LISTED FOR SALE

531 Forrest Dr Miami Springs, FL 33166

Estimated Value: $602,000 - $673,000

3 Beds
2 Baths
1,100 Sq Ft
$571/Sq Ft Est. Value

Last Sold March 07, 2022

Last sale price $550,000 $500 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,356/month

Highlights

  • No HOA
  • Clear Impact Glass
  • Shed
  • Springview Elementary School Rated A-
  • Patio
  • 3-minute walk to Ragan Park

About This Home

As of November 2022

Beautifully remodeled home for rent in the heart of Miami Springs. Property features 3 bedrooms and 2 bathrooms, with the possibility to use one of them as an in-laws quarters with a private entrance. Home features :impact windows and doors, wood kitchen cabinets with subway tiles, and marble countertops, spotlights throughout the living area, tile floors, and updated bathrooms. Garage has been converted but still has space for storage. Oversized backyard for entertaining, kids to play in and for pets run around. Property is located minutes from Miami international airport, Restaurants and entertainment

Last Agent to Rent the Property

Alberto Figueroa

The Lab Realty Group, LLC License #3280327 Listed on: 09/21/2022

Last Renter's Agent

Yanet Garcia

Rockstar International Realty License #3507504

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,223

Year Built

  • Built in 1952

Lot Details

  • 8,436 Sq Ft Lot
  • Property is zoned 0400

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,100 Sq Ft Home
  • Blinds
  • Combination Dining and Living Room
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Clear Impact Glass
  • High Impact Door

Parking

  • Guest Parking
  • Unassigned Parking

Outdoor Features

  • Patio
  • Shed

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Edgewater Park Amd Pl Subdivision

Listing and Financial Details

  • Property Available on 11/10/22
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 05-31-20-034-0470

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,223

Year Built

Built in 1952

Lot Details

0

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2022-11-10
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1952
  • Property Sub Type: Single Family Residence
  • Architectural Style: First Floor Entry
  • Directions: gps
  • Garage Yn: No
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: EDGEWATER PARK AMD PL
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Spa Yn: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1100
  • Window Features: Clear Impact Glass, Hurricane Shutters, Blinds, Impact Glass
  • Dining Room Features: Dining/Living Room

Exterior Features

  • Roof: Barrel Roof
  • View: None
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: EDGEWATER PARK AMD PL
  • Parking Features: Guest, Unassigned

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 05-31-20-034-0470
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8436
  • Zoning: 0400
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2014
Closed on
Apr 15, 2015
Sold by
New Way Investments Inc
Bought by
Angarita Diana M and Velazquez Carlos
Seller's Agent
Yanoska Diaz
MMLS Assoc.-Inactive Member
Buyer's Agent
Randell Simpson
Simpson Associates of Florida
List Price
$329,900
Sold Price
$304,000
Premium/Discount to List
-$25,900
-7.85%
Current Estimated Value
$627,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,842
Avg. Annual Appreciation
7.27%
Original Mortgage
$286,300
Outstanding Balance
$218,047
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$409,795

Purchase Details

Closed on
Jun 3, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
New Way Investments Inc

Purchase Details

Closed on
Nov 13, 2013
Sold by
Martinez Diana Carolina
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jun 30, 2005
Sold by
Guerra Pablo and Guerra Ileana
Bought by
Palacios Jorge and Palacios Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,400
Interest Rate
5.57%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 4, 2005
Sold by
Candela Susan
Bought by
Guerra Pablo and Guerra Ileana

Purchase Details

Closed on
Nov 5, 1993
Sold by
Brankoniecki Thomas F
Bought by
Candela Susan
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
Angarita Diana M $304,000 None Available
New Way Investments Inc $196,000 Premium Title Services Inc
Deutsche Bank National Trust Company $177,200 None Available
Palacios Jorge $283,000 Deluxe Title & Escrow Inc
Guerra Pablo $171,000 --
Candela Susan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Joel E $17,200
Open Angarita Diana M $100,000
Open Angarita Diana M $286,300
Previous Owner Palacios Jorge $226,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Rented $3,700 -2.0% --
10/27/2022 10/27/22 Under Contract -- -- --
10/21/2022 10/21/22 Price Changed $3,775 -0.7% $3 / Sq Ft
09/30/2022 09/30/22 Price Changed $3,800 -5.0% $3 / Sq Ft
09/21/2022 09/21/22 For Rent $4,000 0.0% --
03/07/2022 03/07/22 Sold $550,000 +1.9% $561 / Sq Ft
01/27/2022 01/27/22 For Sale -- -- --
01/19/2022 01/19/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $540,000 +77.6% $550 / Sq Ft
04/15/2015 04/15/15 Sold $304,000 -1.9% $283 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
02/02/2015 02/02/15 Price Changed $309,900 -1.6% $288 / Sq Ft
01/06/2015 01/06/15 Price Changed $314,900 -1.6% $293 / Sq Ft
11/18/2014 11/18/14 Price Changed $319,900 -0.9% $298 / Sq Ft
11/06/2014 11/06/14 Price Changed $322,900 -0.6% $300 / Sq Ft
10/21/2014 10/21/14 Price Changed $324,900 -0.6% $302 / Sq Ft
10/09/2014 10/09/14 Price Changed $326,900 -0.9% $304 / Sq Ft
09/21/2014 09/21/14 For Sale $329,900 -- $307 / 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 $11,223 $499,319 $370,512 $128,807
2024 $10,672 $474,709 $358,560 $116,149
2023 $10,672 $449,155 $286,848 $162,307
2022 $5,651 $266,679 $0 $0
2021 $5,639 $258,912 $0 $0
2020 $5,586 $255,338 $0 $0
2019 $6,989 $315,943 $209,213 $106,730
2018 $5,239 $244,945 $0 $0
2017 $5,179 $239,907 $0 $0
2016 $6,495 $234,973 $0 $0
2015 $4,842 $176,228 $0 $0
2014 $4,442 $156,347 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11273707

MIAMI REALTORS® MLS

APN: 05-3120-034-0470