NOT LISTED FOR SALE

5940 SW 114th Terrace Miami, FL 33156

Estimated Value: $5,833,295 - $6,321,000

6 Beds
7 Baths
5,712 Sq Ft
$1,059/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $4,665,000 $817 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $39,107/month

105 Days on Market

Highlights

  • In Ground Pool
  • Vaulted Ceiling
  • Pool View
  • Pinecrest Elementary School Rated A
  • Marble Flooring
  • No HOA

About This Home

As of July 2022

Enjoy Pinecrest living at its finest in this 6 bedroom, 7 bathroom gated estate located on a 40,336 SF corner lot. Upon entering you will be greeted by bright, natural light, a wood-burning fireplace, and soaring 22 ft ceilings that lure you out to a covered terrace and pool area. The primary bedroom features two large walk-in closets and private terraces that overlook your luscious backyard. Other features include: 3-car garage, high-impact windows, and doors, and a partial home generator.

Last Agent to Sell the Property

Ale Alfonzo

Compass Florida, LLC License #3248358 Listed on: 03/21/2022

Compass Florida, LLC

Last Buyer's Agent

Dolores Urdapilleta

Urdapilleta Real Estate, LLC License #3245467

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,462

Year Built

  • Built in 2002

Lot Details

  • 0.93 Acre Lot
  • West Facing Home
  • Property is zoned 2300

Parking

  • 3 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,712 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Family Room
  • Marble Flooring
  • Pool Views
  • High Impact Door

Kitchen

  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • 7 Full Bathrooms
  • Dual Sinks
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Porch

Schools

  • Pinecrest Elementary School
  • Palmetto Middle School
  • Miami Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Bruce Laurie Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20-50-12-010-0220

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,462

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: BRUCE-LAURIE SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Cooking Island, Volume Ceilings, Walk-In Closet(s), Family Room, Utility Room/Laundry
  • Full Bathrooms: 7
  • Total Bedrooms: 6
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 5712
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Master Bedroom Upstairs, Master Bath Shower, Master Bath Tub
  • Living Room Features: Family Room, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Flat Tile
  • View: Other, Pool
  • Exterior Features: Fruit Trees
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BRUCE-LAURIE SUB
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Covered, Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Pinecrest
  • High School: Miami Palmetto
  • Middle Or Junior School: Palmetto

Lot Info

  • Parcel Number: 20-50-12-010-0220
  • Lot Size Sq Ft: 40336
  • Zoning: 2300
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 34462

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
Jul 22, 2022
Sold by
Arias Real and Arias Tamara
Bought by
Demaria Lucas and Schefer Maria
Seller's Agent
Ale Alfonzo
Compass Florida, LLC
Buyer's Agent
Dolores Urdapilleta
Urdapilleta Real Estate, LLC
List Price
$5,000,000
Sold Price
$4,665,000
Premium/Discount to List
-$335,000
-6.7%
Current Estimated Value
$6,051,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,386,098
Avg. Annual Appreciation
8.93%
Original Mortgage
$3,000,000
Outstanding Balance
$2,828,116
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$3,222,982

Purchase Details

Listed on
Jul 11, 2012
Closed on
Sep 21, 2012
Sold by
Rams Victor H and Quirantes Maria L
Bought by
Real Ubaldino and De Real Tamara Arias
Seller's Agent
Wendy Levy-Jackson
Compass Florida, LLC
Buyer's Agent
MAR NON-MEMBER
NO MLS PARTICIPATION (MAR)
List Price
$2,012,500
Sold Price
$2,012,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$100,000
Interest Rate
3.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 20, 2003
Sold by
G & F Group Inc
Bought by
Rams Victor Hugo and Quirantes Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,199,200
Interest Rate
5.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 27, 2000
Sold by
Fuentes Ernesto E and Garcia Julio
Bought by
G & F Group Inc

Purchase Details

Closed on
Aug 2, 2000
Sold by
Jorge and Garcia Nora
Bought by
Garcia Julio and Fuentes Ernesto F

Purchase Details

Closed on
Mar 16, 1999
Sold by
Wong Alberto J and Quintero Marisabel
Bought by
Garcia Jorge and Garcia Nora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.73%

Purchase Details

Closed on
Jun 28, 1994
Sold by
Russell Jon Kermit and Russell Laura P
Bought by
Wong Alberto J and Wong Marisabel
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
Demaria Lucas $4,665,000 Jorge Luis Lopez-Garcia Pa
Real Ubaldino $2,012,500 None Available
Rams Victor Hugo $1,499,000 --
G & F Group Inc $405,700 --
Garcia Julio $405,000 --
Garcia Jorge $368,500 --
Wong Alberto J $297,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demaria Lucas $3,000,000
Previous Owner Real Ubaldino $200,000
Previous Owner Real Ubaldino $100,000
Previous Owner Rams Victor Hugo $250,000
Previous Owner Rams Victor Hugo $1,199,200
Previous Owner G & F Group Inc $1,400,000
Previous Owner Garcia Jorge $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $4,665,000 -2.8% $817 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
05/18/2022 05/18/22 Price Changed $4,800,000 -4.0% $840 / Sq Ft
03/21/2022 03/21/22 For Sale $5,000,000 +148.4% $875 / Sq Ft
09/21/2012 09/21/12 Sold $2,012,500 0.0% $311 / Sq Ft
07/23/2012 07/23/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $2,012,500 -- $311 / 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 $73,631 $4,353,835 $2,218,480 $2,135,355
2024 $68,521 $4,176,418 $2,016,800 $2,159,618
2023 $68,521 $3,877,991 $1,694,112 $2,183,879
2022 $34,470 $1,975,740 $0 $0
2021 $34,462 $1,918,195 $0 $0
2020 $34,081 $1,891,712 $0 $0
2019 $33,486 $1,849,181 $0 $0
2018 $32,050 $1,814,702 $0 $0
2017 $31,529 $1,777,378 $0 $0
2016 $31,503 $1,740,821 $0 $0
2015 $39,594 $2,141,592 $0 $0
2014 $40,109 $2,124,596 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ale Alfonzo

    Seller's Agent in 2022

    Ale Alfonzo

    Compass Florida, LLC

    (305) 904-0410

    6 in this area

    37 Total Sales

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  • Dolores Urdapilleta

    Buyer's Agent in 2022

    Dolores Urdapilleta

    Urdapilleta Real Estate, LLC

    (305) 790-9946

    9 in this area

    109 Total Sales

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  • Wendy Levy-Jackson

    Seller's Agent in 2012

    Wendy Levy-Jackson

    Compass Florida, LLC

    (305) 389-3959

    3 in this area

    18 Total Sales

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  • Adam Levy

    Seller Co-Listing Agent in 2012

    Adam Levy

    Compass Florida, LLC

    (305) 971-7880

    25 in this area

    158 Total Sales

    Section Image

  • M

    Buyer's Agent in 2012

    MAR NON-MEMBER

    NO MLS PARTICIPATION (MAR)

    14 in this area

    603 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11168895

MIAMI REALTORS® MLS

APN: 20-5012-010-0220

Florida Miami/Dade County Miami 33156

5940 SW 114th Terrace, Miami, FL

This home is located at 5940 SW 114th Terrace, Miami, FL 33156 since 21 March 2022 and is currently estimated at $6,051,098, approximately $1,059 per square foot. This property was built in 2002. 5940 SW 114th Terrace is a home located in Miami-Dade County with nearby schools including Pinecrest Elementary School, Palmetto Middle School, and Miami Palmetto 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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