NOT LISTED FOR SALE

Estimated Value: $454,000 - $592,000

4 Beds
2 Baths
1,911 Sq Ft
$264/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $505,000 $264 Per Sq Ft

Current estimated payment $3,420/month

83 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 4-minute walk to Miramar Athletic Park
  • Tile Flooring
  • 1-Story Property

About This Home

As of March 2023

TURN KEY MULTIFAMILY INVESTMENT OPPORTUNITY. READY TO RENT AND BE YOUR CASH COW RENTAL MACHINE. ONE OF THE TOP RENTAL AREAS IN ALL OF SOUTH FLORIDA, GREAT NEIGHBORHOOD AND A SUPER HIGH VOLUME RENTAL DISTRICT. YOU WILL NEVER HAVE A VACANCY HERE, AND WHEN YOU RENT THESE UNITS YOU WILL BE INUNDATED WITH PHONE CALLS. PLENTY OF OFF STREET PARKING. THERE IS NOTHING TO DO HERE ONCE SO EVER AT ALL, BUT LIST THE PROPERTIES FOR RENT AT PEAK RENTAL PRICING. THE BUILDING IS A DUPLEX WITH 2/1 ON EACH SIDE. NEWER ROOF. THIS PROPERTY WILL QUALIFY FOR ANY TYPE OF FINANCING. LOT IS GOOD SIZE AT JUST UNDER 10,000 SQ FEET.

Last Agent to Sell the Property

Sam Fugina

Marlin Realty Inc License #3332259 Listed on: 12/14/2022

Co-Listed By

David Gutierrez

Marlin Realty Inc License #3170483

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,156

Year Built

  • Built in 1971

Lot Details

  • 9,409

Parking

  • 8 Parking Spaces

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,911 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Additional Features

  • Property is zoned multi
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Coral Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514125120630

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,156

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1971
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Co List Office Mls Id: MRLT01
  • Co List Office Phone: 954-442-4748
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: CORAL HEIGHTS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1911
  • Possible Use: Primary
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CORAL HEIGHTS
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514125120630
  • Zoning: multi
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6156

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2022
Closed on
Mar 23, 2023
Sold by
Proper Management Services Inc
Bought by
Melvin George
Seller's Agent
Sam Fugina
Marlin Realty Inc
List Price
$549,900
Sold Price
$505,000
Premium/Discount to List
-$44,900
-8.17%
Views
58
Current Estimated Value
$505,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234
Avg. Annual Appreciation
0.02%
Original Mortgage
$495,853
Outstanding Balance
$480,810
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$24,424

Purchase Details

Closed on
Apr 7, 2017
Sold by
Knoles Doulgas S
Bought by
Proper Management Services Inc

Purchase Details

Closed on
May 5, 2004
Sold by
Hicks Lee W and Hicks Pamela
Bought by
Knoles Douglas S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,850
Interest Rate
5.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 1997
Sold by
Hicks Rose H
Bought by
Hicks Rose H and Hichs Lee W

Purchase Details

Closed on
Apr 1, 1986
Sold by
Available Not
Bought by
Available Not
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
Melvin George $505,000 Clear Title & Escrow Group
Proper Management Services Inc $186,000 Associated Title & Escrow Co
Knoles Douglas S $146,500 --
Hicks Rose H $100 --
Available Not $55,714 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melvin George $495,853
Previous Owner Knoles Douglas S $131,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $505,000 -8.2% $264 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
12/14/2022 12/14/22 For Sale $549,900 -- $288 / 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 $8,888 $425,530 $65,750 $359,780
2024 $7,199 $425,530 $65,750 $359,780
2023 $7,199 $279,140 $0 $0
2022 $6,156 $253,770 $0 $0
2021 $5,643 $230,700 $65,750 $164,950
2020 $5,359 $215,770 $65,750 $150,020
2019 $5,092 $206,070 $65,750 $140,320
2018 $4,574 $179,200 $65,750 $113,450
2017 $4,294 $163,190 $0 $0
2016 $4,052 $148,360 $0 $0
2015 $3,679 $134,880 $0 $0
2014 $3,365 $122,620 $0 $0
2013 -- $111,480 $65,750 $45,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11315722

MIAMI REALTORS® MLS

APN: 51-41-25-12-0630