NOT LISTED FOR SALE

6170 SW 62nd Terrace Unit 2 South Miami, FL 33143

Estimated Value: $198,000 - $243,000

2 Beds
1 Bath
633 Sq Ft
1953 Built

Last Sold October 18, 2016

Last sale price $102,500 $162 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,401/month

13 Days on Market

Highlights

  • Main Floor Bedroom
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • South Miami K-8 Center Rated A-

About This Home

As of October 2016

4% commission, cozy 2 bedroom 1 bathroom, rentable immediately, close to schools, shopping, needs some tlc to really make your money work for you. Presently 6.5% ROI, new tenant, rent in area of $1150/month to get you a 9% ROI

Last Agent to Sell the Property

Michael Aversano

One Key Realty License #3133415 Listed on: 09/06/2016

Last Buyer's Agent

Elsa Castellon

Sun Realty Investments Inc License #0690763

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $993

Year Built

  • Built in 1953

Home Design

  • Garden Apartment
  • Entry on the 1st floor

Interior Spaces

  • 633 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • 1 Carport Space
  • 1 Car Parking Space

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 09-40-25-081-0260

Community Details

Overview

  • Property has a Home Owners Association
  • South Miami Villas Condo

Pet Policy

  • Breed Restrictions

Building Details

Property Details

Home Type

Condominium

Est. Annual Taxes

$993

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1953
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 633
  • Possible Use: Investment
  • Stories: 2
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: None
  • Exterior Features: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SOUTH MIAMI VILLAS CONDO
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: No Security

Condo/Co-op/Association

  • Association Fee: 328
  • Amenities: None
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 09-40-25-081-0260
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 993

Multi Family

  • Maintenance Expense: 328

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2016
Closed on
Oct 13, 2016
Sold by
Illimani 2010 Llc
Bought by
South Miami I Llc
Seller's Agent
Michael Aversano
One Key Realty
Buyer's Agent
Elsa Castellon
Sun Realty Investments Inc
List Price
$95,000
Sold Price
$102,500
Premium/Discount to List
$7,500
7.89%
Current Estimated Value
$220,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,865
Avg. Annual Appreciation
8.85%

Purchase Details

Closed on
Apr 11, 2011
Sold by
U S Bank National Association
Bought by
Illimani 2010 Llc

Purchase Details

Closed on
May 25, 2010
Sold by
Sanchez Harold
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 21, 2006
Sold by
Calwell Inc
Bought by
Sanchez Harold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.12%
Mortgage Type
Unknown
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
South Miami I Llc $102,500 Giannell Title Llc
Illimani 2010 Llc $33,000 Landcastle Title Llc
Us Bank National Association $35,100 None Available
Sanchez Harold $245,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Harold $196,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2016 10/18/16 Sold $102,500 +7.9% $162 / Sq Ft
09/19/2016 09/19/16 Pending -- -- --
09/06/2016 09/06/16 For Sale $95,000 0.0% $150 / Sq Ft
03/31/2012 03/31/12 Rented $850 -12.8% --
03/01/2012 03/01/12 Under Contract -- -- --
02/10/2012 02/10/12 For Rent $975 -- --
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 $2,908 $157,594 -- --
2024 $2,763 $143,268 -- --
2023 $2,763 $130,244 $0 $0
2022 $2,320 $118,404 $0 $0
2021 $2,204 $107,640 $0 $0
2020 $2,127 $107,640 $0 $0
2019 $1,901 $92,000 $0 $0
2018 $1,861 $92,000 $0 $0
2017 $1,681 $84,526 $0 $0
2016 $1,163 $42,071 $0 $0
2015 $993 $38,247 $0 $0
2014 $733 $34,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Aversano

    Seller's Agent in 2016

    Michael Aversano

    One Key Realty

    (305) 525-8947

    50 Total Sales

    Michael Aversano
    Section Image

  • E

    Buyer's Agent in 2016

    Elsa Castellon

    Sun Realty Investments Inc

    (305) 790-2504

    3 in this area

    6 Total Sales

    Elsa Castellon
    Section Image

  • M

    Buyer Co-Listing Agent in 2016

    Manuel Menéndez

    MMLS Assoc.-Inactive Member

    Section Image
  • Steven Epstein

    Seller's Agent in 2012

    Steven Epstein

    The Keyes Company

    (305) 546-5132

    19 Total Sales

    Steven Epstein
    Section Image

  • V

    Buyer's Agent in 2012

    Vilma Valdes

    Home Wiz USA

    (305) 644-6600

    18 Total Sales

    Vilma Valdes
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10143306

MIAMI REALTORS® MLS

APN: 09-4025-081-0260

Florida Miami/Dade County South Miami 33143

6170 SW 62nd Terrace Unit 2, South Miami, FL

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