$875,000
SOLD NOV 10, 2017

6540 SW 123rd St Miami, FL 33156

3 Beds
3 Baths
1,770 Sq Ft
0.85 Acres

Recently Sold

$494 Per Sq Ft

9% Below List Price

10 Days on Market

Highlights

  • In Ground Pool
  • Ranch Style House
  • Sun or Florida Room
  • Palmetto Elementary School Rated A
  • Garden View
  • No HOA

About This Home

As of March 2022

NOT YOUR AVERAGE PINECREST LOT! Be amazed by the magnificence of this neighborhood, grand oaks and fruit trees and extreme privacy in every direction. There is an existing 3 bedroom ranch home built in 1956 with terrazzo floors, vaulted wood beam ceilings, french doors, pool set back beautifully on this 37,000 sf lot. Rebuild or restore, either way a solid investment! Also being sold as Residential land MLS A10352813.

Last Agent to Sell the Property

Monica Rich

MMLS Assoc.-Inactive Member License #3054999 Listed on: 10/13/2017

Last Buyer's Agent

Monica Rich

MMLS Assoc.-Inactive Member License #3054999 Listed on: 10/13/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,826

Year Built

  • Built in 1956

Lot Details

  • 0.85 Acre Lot
  • East Facing Home
  • Irregular Lot
  • Property is zoned 2300

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Paver Block
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Ranch Style House
  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,770 Sq Ft Home
  • Ceiling Fan
  • Sun or Florida Room
  • Utility Room in Garage

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio

Location

  • East of U.S. Route 1

Schools

  • Palmetto Elementary And Middle School
  • Miami Palmetto High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Town & Country Estates,Town & Country Estat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20-50-13-013-0170

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,826

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1956
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story, Ranch
  • Directions: LUDLUM (SW67 AVE) TO SW 123 STREET. EAST TO PROPERTY ON WEST SIDE.
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: TOWN & COUNTRY ESTATES,Town & Country Estat
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Florida Room, Utility/Laundry In Garage
  • Spa Yn: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Terrazzo, Tile
  • Furnished: Unfurnished
  • Living Area: 1770
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Primary Bedroom Ground Level
  • Living Room Features: Florida Room, Utility/Laundry In Garage

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: TOWN & COUNTRY ESTATES
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Paver Block

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Window/Wall
  • Heating Yn: Yes
  • Laundry Features: In Garage

Condo/Co-op/Association

  • Association: No
  • Community Features: Paved Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

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

Lot Info

  • Parcel Number: 20-50-13-013-0170
  • Lot Size Sq Ft: 37026
  • Zoning: 2300
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 12826

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Mar 15, 2022
Sold by
Samir Moussa
Bought by
Gelber Jeremy Winthrop and Gelber Pauline
Seller's Agent
Hilda Mendez Jacobson
Douglas Elliman
Buyer's Agent
Adam Prince
All Prime Realty Inc
List Price
$8,800,000
Sold Price
$8,900,000
Premium/Discount to List
$100,000
1.14%
Total Days on Market
10
Current Estimated Value
$8,115,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$784,560
Avg. Annual Appreciation
-3.48%
Original Mortgage
$6,650,000
Outstanding Balance
$6,268,430
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,665,373

Purchase Details

Closed on
Oct 16, 2018
Sold by
Ph2 Management & Development Llc
Bought by
Moussa Samir and Moussa Jamile

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,531,281
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 13, 2017
Closed on
Nov 10, 2017
Sold by
Rich Robert S and Rich Stuart E
Bought by
Ph2 Management & Development Llc
Seller's Agent
Monica Rich
MMLS Assoc.-Inactive Member
Buyer's Agent
Monica Rich
MMLS Assoc.-Inactive Member
List Price
$960,000
Sold Price
$875,000
Premium/Discount to List
-$85,000
-8.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.71%

Purchase Details

Closed on
Feb 19, 2010
Sold by
Rich Philip W
Bought by
Rich Robert S and Rich Stuart E

Purchase Details

Closed on
Jul 7, 2009
Sold by
Rich Robert S
Bought by
Rich Philip W

Purchase Details

Closed on
Jun 18, 2009
Sold by
Rich Philip W
Bought by
Rich Robert S and Rich Stuart E

Purchase Details

Closed on
Jun 1, 2009
Sold by
Rich Philip W and Rich Debra D
Bought by
Rich Philip W and Rich Robert S

Purchase Details

Closed on
Feb 2, 2006
Sold by
Rich Philip W
Bought by
Rich Philip W
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $8,900,000 Leslie & Ofstein Law Group Pll
Quit Claim Deed -- Attorney
Warranty Deed $875,000 Sfl Title Llc
Interfamily Deed Transfer -- Attorney
Deed $100 --
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,650,000 New Conventional
Closed $6,650,000 New Conventional
Previous Owner $2,531,281 Construction
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $8,900,000 +1.1% $1,004 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
12/01/2021 12/01/21 For Sale $8,800,000 +905.7% $993 / Sq Ft
11/10/2017 11/10/17 Sold $875,000 -8.9% $494 / Sq Ft
10/22/2017 10/22/17 Pending -- -- --
10/12/2017 10/12/17 For Sale $960,000 -- $542 / 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
2024 $129,615 $7,448,636 $1,666,170 $5,782,466
2023 $129,615 $7,410,490 $1,369,962 $6,040,528
2022 $114,825 $6,500,000 $0 $0
2021 $13,877 $733,114 $0 $0
2020 $12,533 $666,468 $666,468 $0
2019 $14,065 $740,520 $740,520 $0
2018 $13,926 $752,285 $740,520 $11,765
2017 $13,323 $697,730 $0 $0
2016 $12,826 $634,300 $0 $0
2015 $11,875 $595,320 $0 $0
2014 $11,527 $541,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10352241

MIAMI REALTORS® MLS

APN: 20-5013-013-0170