NOT LISTED FOR SALE

555 Gate Ln Miami, FL 33137

Upper East Side South Neighborhood

Estimated Value: $4,488,991 - $5,582,000

3 Beds
3 Baths
3,800 Sq Ft
$1,344/Sq Ft Est. Value

Last Sold January 16, 2015

Last sale price $2,100,000 $553 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $30,564/month

20 Days on Market

Highlights

  • Gated Community
  • Garden View
  • Great Room
  • Wood Flooring
  • Corner Lot
  • Cooking Island

About This Home

As of January 2015

Excellent 3 bed / 3 bath Bay Point home on a 16,000 square foot corner lot with southern views overlooking Bay Point circle. Wide open floor plan with giant great room, good ceiling height and an abundance of living space. Expansive master suite complete with its own sitting room, his and her walk in closets, dual sinks, showers and water closets. Fully renovated chef's kitchen and two car garage. Very private and gated neighborhood next to Midtown, the Design District and minutes from Miami Beach.

Last Agent to Sell the Property

Matthew Crane

Compass Florida, LLC License #3213650 Listed on: 11/04/2014

Compass Florida, LLC

Last Buyer's Agent

Albert Justo

One Sotheby's International Re License #3070592

One Sotheby's International Re

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,270

Year Built

  • Built in 1957

Lot Details

  • 0.37 Acre Lot
  • South Facing Home
  • Fenced
  • Corner Lot
  • Oversized Lot
  • Property is zoned 10/S FM

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,800 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Wood Flooring
  • Garden Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-32-19-008-1190

Community Details

Overview

  • Club Membership Required
  • Bay Point Subdivision
  • Property has a Home Owners Association
  • Maintained Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,270

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

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

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Cooking Island, Walk-In Closet(s), Great Room
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 3800
  • Possible Use: Primary
  • Bedroom Features: Primary Bedroom Ground Level
  • Living Room Features: Great Room
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Flat Tile
  • View: Garden
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Corner Lot, Oversized Lot
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BAY POINT
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association Fee: 1
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Gated Community, Maintained Community, Mandatory Hoa
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 01-32-19-008-1190
  • Lot Size Sq Ft: 16117
  • Zoning: 10/S FM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 15270

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2014
Closed on
Jan 14, 2015
Sold by
Fumale Alejandra
Bought by
Dave Pradyuman B and Dave Sandeep
Seller's Agent
Matthew Crane
Compass Florida, LLC
Buyer's Agent
Albert Justo
One Sotheby's International Re
List Price
$2,270,000
Sold Price
$2,100,000
Premium/Discount to List
-$170,000
-7.49%
Current Estimated Value
$5,106,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,006,997
Avg. Annual Appreciation
8.76%
Original Mortgage
$2,000,000
Outstanding Balance
$1,242,429
Interest Rate
1.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,864,568

Purchase Details

Closed on
Apr 11, 2005
Sold by
Kahn Marc A and Kahn Laurie
Bought by
Fumale Alejandra

Purchase Details

Closed on
May 4, 1994
Sold by
Kessler Melvyn and Kessler Rosa L
Bought by
Kahn Marc A and Kahn Laurie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
7.81%
Source: Public Records

Range of Values:

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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
Dave Pradyuman B $2,100,000 Attorney
Fumale Alejandra $1,600,000 --
Kahn Marc A $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dave Pradyuman B $2,000,000
Previous Owner Kahn Marc A $268,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2015 01/16/15 Sold $2,100,000 -7.5% $553 / Sq Ft
11/25/2014 11/25/14 Pending -- -- --
11/04/2014 11/04/14 For Sale $2,270,000 -- $597 / 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 $32,851 $1,710,844 -- --
2024 $32,702 $1,662,628 -- --
2023 $32,702 $1,614,202 $0 $0
2022 $31,822 $1,567,187 $0 $0
2021 $31,820 $1,521,541 $0 $0
2020 $31,452 $1,500,534 $0 $0
2019 $30,802 $1,466,798 $1,095,956 $370,842
2018 $30,292 $1,470,066 $1,095,956 $374,110
2017 $35,486 $1,698,905 $0 $0
2016 $36,621 $1,702,106 $0 $0
2015 $15,351 $714,737 $0 $0
2014 $15,526 $709,065 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Crane

    Seller's Agent in 2015

    Matthew Crane

    Compass Florida, LLC

    (305) 203-0000

    42 Total Sales

    Section Image
  • Albert Justo

    Buyer's Agent in 2015

    Albert Justo

    One Sotheby's International Re

    (786) 326-9613

    38 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2029351

MIAMI REALTORS® MLS

APN: 01-3219-008-1190

Florida Miami/Dade County Miami 33137 Upper East Side South

555 Gate Ln, Miami, FL

This home is located at 555 Gate Ln, Miami, FL 33137 since 04 November 2014 and is currently estimated at $5,106,997, approximately $1,343 per square foot. This property was built in 1957. 555 Gate Ln is a home located in Miami-Dade County with nearby schools including Morningside K-8 Academy, Horace Mann Middle School, and Booker T. Washington 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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