NOT LISTED FOR SALE

5864 SW 74th Terrace Unit A South Miami, FL 33143

Estimated Value: $609,000 - $888,000

2 Beds
2.5 Baths
1,492 Sq Ft
$491/Sq Ft Est. Value

Last Sold July 20, 2021

Last sale price $540,000 $362 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,029/month

38 Days on Market

Highlights

  • Newly Remodeled
  • Sitting Area In Primary Bedroom
  • Garden View
  • Sunset Elementary School Rated A
  • Wood Flooring
  • Cooking Island

About This Home

As of July 2021

Location, location, location. Rare find townhouse in South Miami! Upgraded kitchen, wood floors & bathrooms. FIRST FLOOR: Kitchen with open concept quartzite island. High ceiling, large living/dining area connecting directly to spacious tropical patio; ideal for entertaining or playground. Half bathroom with + storage under staircase. SECOND FLOOR: Huge master suite with space for seating/office area & ample master bathroom with more storage. Second bedroom close to full social bathroom; with bathtub/shower combo. Walking distance to restaurants, shops, supermarkets, entertainment and metro. Great area for enjoying the outdoors; a bike ride away to Mathison Hammock Park & Coconut Grove. Great public & private schools; including University of Miami. A must see! Won't last long!

Last Agent to Sell the Property

LUCAS Osorio

The Keyes Company License #3348853 Listed on: 04/30/2021

The Keyes Company

Last Buyer's Agent

Christian Vega

The Keyes Company License #3424251

The Keyes Company

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,779

Year Built

  • Built in 2006 | Newly Remodeled

Lot Details

  • North Facing Home
  • Fenced

HOA Fees

  • $533 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Attached Carport Spaces
  • Automatic Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking
  • Assigned Parking

Home Design

  • Garden Apartment
  • Cluster Home
  • Entry on the 1st floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,492 Sq Ft Home
  • Property has 2 Levels
  • Custom Mirrors
  • Partially Furnished
  • Ceiling Fan
  • Blinds
  • French Doors
  • Open Floorplan
  • Wood Flooring
  • Garden Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Patio
  • Outdoor Grill

Schools

  • Ludlam Elementary School
  • South Miami Middle School
  • South Miami High School

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 09-40-36-093-0010

Community Details

Overview

  • 7 Units
  • Palms Of Sunset Condo
  • Palms Of Sunset Condo Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Phone Entry
  • Complex Is Fenced
  • Clear Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,779

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0

HOA Fees

$533 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Property Sub Type: Townhouse
  • Architectural Style: Garden Apartment, Patio/Cluster
  • Carport Y N: Yes
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • Unit Levels: 2
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Townhouse
  • Subdivision Name: PALMS OF SUNSET CONDO
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Cooking Island, Custom Mirrors, French Doors, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors, French Doors
  • Flooring: Wood
  • Furnished: Partially
  • Living Area: 1492
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Stories: 2
  • Window Features: Clear Impact Glass, Blinds, Impact Glass
  • Bedroom Features: Sitting Area - Master Bedroom, Master Bedroom Upstairs
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Family/Dining Combination, Snack Bar/Counter
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Garden View
  • Exterior Features: East Of Us1, Barbeque
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Palms Of Sunset Condo
  • Carport Spaces: 2
  • Covered Parking Spaces: 4
  • Garage Spaces: 2
  • Parking Features: Attached Carport, 2 Or More Spaces, Assigned, Covered, Guest, Other, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Smoke Detector, Complex Fenced, Phone Entry, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 533
  • Amenities: None
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Schools

  • Elementary School: Ludlam
  • High School: South Miami
  • Middle Or Junior School: South Miami

Lot Info

  • Parcel Number: 09-40-36-093-0010
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5779

Multi Family

  • Maintenance Expense: 533
  • Number Of Units In Community: 7
  • Number Of Units Total: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jul 20, 2021
Sold by
Varney Luzia Z and Varney Luzia Zouain
Bought by
Gaschott Adam Joseph and Gaschott Richard
Seller's Agent
LUCAS Osorio
The Keyes Company
Buyer's Agent
Christian Vega
The Keyes Company
List Price
$572,000
Sold Price
$540,000
Premium/Discount to List
-$32,000
-5.59%
Current Estimated Value
$732,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,014
Avg. Annual Appreciation
7.37%
Original Mortgage
$369,000
Outstanding Balance
$335,320
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$396,694

Purchase Details

Listed on
Mar 28, 2018
Closed on
Jul 13, 2018
Sold by
Mckenney Alexis
Bought by
Varney Luzia Z
Seller's Agent
Mayda Blanco
MBM Real Estate LLC
Buyer's Agent
LUCAS Osorio
The Keyes Company
List Price
$499,000
Sold Price
$425,000
Premium/Discount to List
-$74,000
-14.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%

Purchase Details

Closed on
Dec 15, 2010
Sold by
Vargas Paulette and Freshman Stephanie
Bought by
Mckenney Alexis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2007
Sold by
Palms Of Sunset Joint Venture
Bought by
Thomas Stephanie and Vargas Paulette
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
Gaschott Adam Joseph $540,000 Homepartners Title Svcs Llc
Varney Luzia Z $425,000 Attorney
Mckenney Alexis $230,000 Attorney
Thomas Stephanie $360,000 Title Company Of America Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaschott Adam Joseph $369,000
Previous Owner Mckenney Alexis $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2021 07/20/21 Sold $540,000 -1.8% $362 / Sq Ft
05/04/2021 05/04/21 Price Changed $550,000 -3.8% $369 / Sq Ft
04/30/2021 04/30/21 For Sale $572,000 +34.6% $383 / Sq Ft
07/13/2018 07/13/18 Sold $425,000 -9.4% $285 / Sq Ft View Prior Sale
05/02/2018 05/02/18 Price Changed $469,000 -6.0% $314 / Sq Ft
03/22/2018 03/22/18 For Sale $499,000 0.0% $334 / Sq Ft
11/30/2017 11/30/17 Rented $2,650 0.0% --
10/17/2017 10/17/17 Under Contract -- -- --
10/02/2017 10/02/17 For Rent $2,650 -- --
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 $7,753 $460,245 -- --
2024 $7,548 $447,275 -- --
2023 $7,548 $434,248 $0 $0
2022 $7,318 $421,600 $0 $0
2021 $6,002 $340,000 $0 $0
2020 $6,020 $340,000 $0 $0
2019 $6,034 $340,000 $0 $0
2018 $7,211 $365,000 $0 $0
2017 $4,427 $263,890 $0 $0
2016 $4,407 $258,463 $0 $0
2015 $4,454 $256,667 $0 $0
2014 $4,515 $254,630 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11033964

MIAMI REALTORS® MLS

APN: 09-4036-093-0010