NOT LISTED FOR SALE

5861 SW 53rd Terrace Miami, FL 33155

Estimated Value: $1,148,000 - $1,747,000

3 Beds
3 Baths
1,829 Sq Ft
$720/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $925,000 $506 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $8,062/month

65 Days on Market

Highlights

  • Concrete Pool
  • Ranch Style House
  • No HOA
  • David Fairchild Elementary School Rated A-
  • Great Room
  • Storage Room

About This Home

As of July 2022

One of the last original Mid-Century homes, a Cement Block Structure (CBS) house. Located on a larger lot in the sought-after neighborhood of Red Rd. and Miller Dr. nestled between Coral Gables and South Miami. Your inside large lot is on a whisper-quiet, tree-lined street. The pool is the old style cement pool (not the Gunite pool of today) in need of a new filtration system. You’re just a few minutes from the University of Miami and downtown South Miami.
NO HOA. Renovate, add on, or tear down with quality Terrazzo floors to start the rebuilding. Miami-Dade County allows you to build up to “35% of net lot area.” The front footage is over 100 feet allowing for a custom circular drive. Envision your custom, large dream home with plenty of land for lush landscaping and designer lighting.

Last Agent to Sell the Property

Randal Longo

Keys Realty Redefined LLC License #3441701 Listed on: 11/10/2021

Keys Realty Redefined LLC

Last Buyer's Agent

Victor Olaniel

The Corcoran Group License #3329358

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,124

Year Built

  • Built in 1950

Lot Details

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

Home Design

  • Ranch Style House
  • Composition Roof

Interior Spaces

  • 1,829 Sq Ft Home
  • Awning
  • Great Room
  • Combination Dining and Living Room
  • Storage Room
  • Terrazzo Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Parking

  • Driveway
  • Open Parking

Pool

  • Concrete Pool
  • Fence Around Pool

Outdoor Features

  • Exterior Lighting

Schools

  • Fairchild; David Elementary School
  • South Miami Middle School
  • South Miami High School

Utilities

  • Central Heating and Cooling System
  • Heat Strip
  • Septic Tank

Community Details

  • No Home Owners Association
  • R C Collins Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-40-24-004-0220

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,124

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1950
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story, Ranch
  • Directions: RED ROAD TO 53RD TERRACE WEST 2 BLOCKS TO PROPERTY NORTH SIDE OF THE STREET
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: R C COLLINS SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Great Room, Storage
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Terrazzo
  • Furnished: Unfurnished
  • Living Area: 1829
  • Possible Use: Unknown/Withheld
  • Bedroom Features: None
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Great Room, Storage Room
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • Roof: Composition Roll
  • View: None
  • Exterior Features: Lighting
  • Direction Faces: South
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Awning(s)
  • Pool Features: Concrete, Screen Enclosure
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: R C COLLINS SUB
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Fuse Box
  • Heating: Central, Heat Strip
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Fairchild; David
  • High School: South Miami
  • Middle Or Junior School: South Miami

Lot Info

  • Parcel Number: 30-40-24-004-0220
  • Lot Size Sq Ft: 15215
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7124

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2024
Sold by
Kotik Alexander and Paz Aleyda
Bought by
Kotik-Paz Revocable Trust and Kotik
Current Estimated Value
$1,317,308

Purchase Details

Listed on
Nov 10, 2021
Closed on
Jun 28, 2022
Sold by
Jerome Schauseil Jr Richard
Bought by
Kotik Alexander and Paz Aleyda
Seller's Agent
Randal Longo
Keys Realty Redefined LLC
Buyer's Agent
Victor Olaniel
The Corcoran Group
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.81%
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
Kotik-Paz Revocable Trust -- None Listed On Document
Kotik-Paz Revocable Trust -- None Listed On Document
Kotik Alexander $925,000 Alexis Gonzalez Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kotik Alexander $2,100,000
Previous Owner Schauseil Richard J $80,000
Previous Owner Schauseil Richard J $83,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $925,000 -2.6% $506 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
11/10/2021 11/10/21 For Sale $950,000 -- $519 / 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 $11,284 $687,128 -- --
2024 $10,232 $624,662 $624,662 --
2023 $10,232 $567,875 $567,875 $0
2022 $8,029 $441,227 $408,010 $33,217
2021 $7,727 $411,378 $387,610 $23,768
2020 $7,124 $376,073 $351,909 $24,164
2019 $7,124 $406,673 $382,509 $24,164
2018 $6,347 $370,972 $346,808 $24,164
2017 $6,322 $304,286 $0 $0
2016 $5,812 $276,624 $0 $0
2015 $5,376 $251,477 $0 $0
2014 $8,109 $411,154 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Randal Longo

    Keys Realty Redefined LLC

    (843) 737-6347

    642 Total Sales

    Randal Longo
    Section Image
  • Victor Olaniel

    Buyer's Agent in 2022

    Victor Olaniel

    The Corcoran Group

    (305) 443-2424

    37 Total Sales

    Victor Olaniel
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11122495

MIAMI REALTORS® MLS

APN: 30-4024-004-0220

Florida Miami/Dade County Miami 33155

5861 SW 53rd Terrace, Miami, FL

This home is located at 5861 SW 53rd Terrace, Miami, FL 33155 since 10 November 2021 and is currently estimated at $1,317,308, approximately $720 per square foot. This property was built in 1950. 5861 SW 53rd Terrace is a home located in Miami-Dade County with nearby schools including David Fairchild Elementary School, South Miami Middle School, and South 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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