6125 SW 40th Ct Miramar, FL 33023
Miramar Isles Neighborhood
--
Bed
--
Bath
1,898
Sq Ft
1965
Built
Highlights
- No HOA
- Ceiling Fan
- 1-Story Property
- Central Heating and Cooling System
About This Home
As of October 2024Introducing an exceptional income producing opportunity located in a prime location for a savvy investor that's ready to generate substantial returns. Situated in a thriving high-rental-demand neighborhood, this property promises a high occupancy rate and consistent cash flow. With some renovations/refurbishment, this gem will command premium rents, maximizing the investor's returns. Don't miss your chance on securing a foothold in this lucrative up-and-coming area of the market. Seize this opportunity to elevate your portfolio with this fourplex's boundless upside now before it's gone. Conveniently situated near the beach, Hard Rock Casino, and Miami Stadium, with easy access to the freeway, shopping, and entertainment.
Last Agent to Sell the Property
One Sotheby's Int'l Realty License #3274889 Listed on: 02/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,480
Year Built
- Built in 1965
Parking
- 4 Parking Spaces
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 1,898 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 4 Units
- Sun Land Park Condos
- Sun Land Park Subdivision
Listing and Financial Details
- Rent includes trash collection
- Assessor Parcel Number 514125130630
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2024
Closed on
Oct 24, 2024
Sold by
5 Star Renovation And Construction Llc
Bought by
6125 Sw 40 Ct Miramar Llc
Seller's Agent
Darrell Gonzales
Paragon Properties Group LLC
Buyer's Agent
Amir Panjwani
Lifestyle International Realty
List Price
$850,000
Sold Price
$840,000
Premium/Discount to List
-$10,000
-1.18%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.01%
Original Mortgage
$672,000
Outstanding Balance
$666,085
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$88,468
Purchase Details
Listed on
Feb 20, 2024
Closed on
Mar 19, 2024
Sold by
6125 Sw 40Th Court Llc
Bought by
5 Star Renovation & Const Llc
Seller's Agent
Jose Pena
One Sotheby's Int'l Realty
Buyer's Agent
Gina Cooper
One Sotheby's Int'l Realty
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
182.99%
Original Mortgage
$556,500
Interest Rate
6.64%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 30, 2015
Sold by
Adelson Charles
Bought by
6125 Sw 40Th Ct Llc
Purchase Details
Closed on
Sep 22, 2015
Sold by
Adelson Harvey J
Bought by
Adelson Charles
Purchase Details
Listed on
May 21, 2014
Closed on
Jul 23, 2015
Sold by
Samkerr Gustavo
Bought by
Adelson Harvey J
Seller's Agent
Monica Waserstrom
LoKation
Buyer's Agent
Adam Sendik
Luxury Estates Of Florida
List Price
$149,000
Sold Price
$131,000
Premium/Discount to List
-$18,000
-12.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.07%
Purchase Details
Closed on
Mar 4, 2003
Sold by
Available Not
Bought by
Available Not
Purchase Details
Closed on
Nov 19, 2002
Sold by
Mathura Sumatie
Bought by
Chase Manhattan Mtg Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.93%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 18, 2002
Sold by
Mathura Sumatie
Bought by
Samkerr Gustavo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.93%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 20, 2000
Sold by
Mittelman Bruce B
Bought by
Mathura Sumatie
Purchase Details
Closed on
May 10, 1999
Sold by
Available Not
Bought by
Available Not
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $840,000 | Title Direct | |
| Warranty Deed | $450,000 | Ocean Title And Escrow | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $131,000 | First United Title & Escrow | |
| Trustee Deed | -- | -- | |
| Trustee Deed | -- | -- | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $108,000 | -- | |
| Quit Claim Deed | $10,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $672,000 | New Conventional | |
| Previous Owner | $200,000 | Construction | |
| Previous Owner | $556,500 | Construction | |
| Previous Owner | $175,000 | Commercial | |
| Previous Owner | $135,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2025 07/27/25 | For Sale | $979,000 | +16.5% | $516 / Sq Ft |
| 10/24/2024 10/24/24 | Sold | $840,000 | -1.2% | $400 / Sq Ft |
| 07/02/2024 07/02/24 | For Sale | $850,000 | +88.9% | $405 / Sq Ft |
| 03/19/2024 03/19/24 | Sold | $450,000 | -9.8% | $237 / Sq Ft |
| 03/15/2024 03/15/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $499,000 | +280.9% | $263 / Sq Ft |
| 07/23/2015 07/23/15 | Sold | $131,000 | -12.1% | $71 / Sq Ft |
| 06/23/2015 06/23/15 | Pending | -- | -- | -- |
| 05/21/2014 05/21/14 | For Sale | $149,000 | -- | $81 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $7,771 | $734,890 | $35,040 | $699,850 |
| 2024 | $7,480 | $404,460 | $35,040 | $369,420 |
| 2023 | $7,480 | $248,000 | $0 | $0 |
| 2022 | $6,582 | $225,460 | $0 | $0 |
| 2021 | $6,137 | $204,970 | $0 | $0 |
| 2020 | $5,745 | $214,720 | $35,040 | $179,680 |
| 2019 | $5,567 | $214,720 | $35,040 | $179,680 |
| 2018 | $5,152 | $199,140 | $35,040 | $164,100 |
| 2017 | $3,708 | $140,000 | $0 | $0 |
| 2016 | $3,504 | $127,280 | $0 | $0 |
| 2015 | $2,864 | $92,320 | $0 | $0 |
| 2014 | $2,603 | $83,930 | $0 | $0 |
| 2013 | -- | $80,670 | $35,040 | $45,630 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2025
Amir Panjwani
Lifestyle International Realty
-
D
Seller's Agent in 2024
Darrell Gonzales
Paragon Properties Group LLC
-
J
Seller's Agent in 2024
Jose Pena
One Sotheby's Int'l Realty
-
G
Seller Co-Listing Agent in 2024
Gina Cooper
One Sotheby's Int'l Realty
-
M
Seller's Agent in 2015
Monica Waserstrom
LoKation
-
A
Buyer's Agent in 2015
Adam Sendik
Luxury Estates Of Florida
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11534456
APN: 51-41-25-13-0630
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