NOT LISTED FOR SALE

640 Fernwood Rd Unit 2 Key Biscayne, FL 33149

Village of Key Biscayne Neighborhood

Estimated Value: $4,756,413

4 Beds
3 Baths
-- Sq Ft
7,500 Sq Ft Lot

Highlights

  • In Ground Pool
  • No HOA
  • High Impact Windows
  • Key Biscayne K-8 Center Rated A-
  • Elevator
  • 4-minute walk to Paradise Park

About This Home

As of April 2021

New construction - Townhouse on a beautiful island of Key Biscayne. Three bedrooms two baths on the upper floor, one-bedroom, and bath on the mezzanine, social area on the second floor. Enjoy the weather in your own private pool or enjoy the outdoors in your private large terrace. Cover parking.

Last Agent to Rent the Property

Patricia Peraita

Coldwell Banker Realty License #3255555 Listed on: 07/30/2020

Coldwell Banker Realty

Co-Listed By

Patricia Romano

Coldwell Banker Realty License #3255554

Last Renter's Agent

Catalina Blanco

Fortune Christie's Intl R.E. License #3347687

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $50,726

Year Built

  • Built in 1951

Lot Details

  • 7,500 Sq Ft Lot
  • East Facing Home

Parking

  • 1 Carport Space

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Keybiscayne Elementary School
  • Coral Gables High School

Additional Features

  • Combination Dining and Living Room
  • In Ground Pool
  • Central Heating
  • Property Views

Listing and Financial Details

  • Property Available on 2/15/21
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 24-52-05-001-0170

Community Details

Overview

  • No Home Owners Association
  • Biscayne Key Estates Condos
  • Biscayne Key Estates Subdivision
  • The community has rules related to no trucks or trailers

Pet Policy

  • Breed Restrictions

Additional Features

  • Elevator
  • High Impact Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$50,726

Year Built

Built in 1951

Lot Details

0

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2021-02-15
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1951
  • Property Sub Type: Townhouse
  • Architectural Style: Other, Multi Level
  • Co List Office Mls Id: CBRE07
  • Co List Office Phone: 305-361-5722
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Townhouse/Villa-Annual, Townhouse
  • Subdivision Name: BISCAYNE KEY ESTATES
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Furnished: Unfurnished
  • Window Features: High Impact Windows
  • Dining Room Features: Dining/Living Room

Exterior Features

  • Roof: Concrete
  • View: Other
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: BISCAYNE KEY ESTATES
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Covered, No Trucks/Trailers

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Elevator(s)
  • Association: No

Schools

  • Elementary School: Keybiscayne
  • High School: Coral Gables

Lot Info

  • Parcel Number: 24-52-05-001-0170
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7500
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2010
Sold by
Mendez Victoria
Bought by
Mora Anna Cecilia
Current Estimated Value
$4,756,413

Purchase Details

Closed on
Jan 5, 2009
Sold by
Deruiz Josefa Mendez
Bought by
Deruiz Josefa Mendez and Mendez Victoria

Purchase Details

Closed on
Oct 10, 2008
Sold by
Deruiz Josefa Mendez and De Ruiz Josefina Mendez
Bought by
Deruiz Josefa Mendez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,194,000
Interest Rate
5.96%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mora Anna Cecilia $885,000 Attorney
Deruiz Josefa Mendez -- Attorney
Deruiz Josefa Mendez -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mora Anna $1,950,000
Previous Owner Deruiz Josefa Mendez $1,194,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Rented $7,950 -6.5% --
09/16/2020 09/16/20 Under Contract -- -- --
09/16/2020 09/16/20 Off Market $8,500 -- --
07/30/2020 07/30/20 For Rent $7,950 -- --
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 $50,726 $3,201,211 $1,890,000 $1,311,211
2024 $47,418 $3,001,153 -- --
2023 $47,418 $2,728,321 $0 $0
2022 $39,984 $2,480,292 $0 $0
2021 $17,106 $1,026,000 $1,026,000 $0
2020 $16,959 $1,026,000 $1,026,000 $0
2019 $19,838 $1,197,396 $1,026,000 $171,396
2018 $19,213 $1,198,449 $1,026,000 $172,449
2017 $21,064 $1,185,864 $0 $0
2016 $20,639 $1,078,059 $0 $0
2015 $18,948 $980,054 $0 $0
2014 $17,520 $890,959 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patricia Peraita

    Landlord's Agent in 2021

    Patricia Peraita

    Coldwell Banker Realty

    (305) 496-3459

    11 in this area

    18 Total Sales

    Patricia Peraita
    Section Image
  • Patricia Romano

    Landlord's Co-Listing Agent in 2021

    Patricia Romano

    Coldwell Banker Realty

    (305) 496-3456

    12 in this area

    17 Total Sales

    Patricia Romano
    Section Image
  • Catalina Blanco

    Tenant's Agent in 2021

    Catalina Blanco

    Fortune Christie's Intl R.E.

    (305) 866-0777

    5 Total Sales

    Catalina Blanco
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10902288

MIAMI REALTORS® MLS

APN: 24-5205-001-0170

Florida Miami/Dade County Key Biscayne 33149 Village of Key Biscayne

640 Fernwood Rd Unit 2, Key Biscayne, FL

This home is located at 640 Fernwood Rd Unit 2, Key Biscayne, FL 33149 since 30 July 2020 and is currently priced at $4,756,413. This property was built in 1951. 640 Fernwood Rd Unit 2 is a home located in Miami-Dade County with nearby schools including Key Biscayne K-8 Center, Ponce de Leon Middle School, and Coral Gables 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.

Nearby Homes