NOT LISTED FOR SALE

6602 SW 61st Terrace South Miami, FL 33143

Estimated Value: $1,066,705 - $1,336,000

3 Beds
2 Baths
1,735 Sq Ft
$680/Sq Ft Est. Value

Last Sold June 25, 2020

Last sale price $630,000 $363 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $6,983/month

5 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Breakfast Area or Nook
  • South Miami K-8 Center Rated A-
  • No HOA
  • 3-minute walk to Palmer Park

About This Home

As of June 2020

Located in the heart of South Miami, this turnkey home features a large lot with an extra 255sf structure that can be used to fit your needs. Upon entry, you have a formal living room which leads to the informal dining area, kitchen, large family room, formal dining room and laundry room. Hard wood floors give it a very warm and cozy feel. Impact windows throughout. Outdoors is perfect, with a nice sized patio perfect for entertaining and still plenty of space. Walking distance to Palmer Park and a step away from downtown South Miami and the University of Miami. This house is a must see.
*Special Financing Incentives available on this property from SIRVA Mortgage*

Last Agent to Sell the Property

Alfonso Llanes

Nesti Real Estate License #3273594 Listed on: 05/14/2020

Last Buyer's Agent

Christy Lynch

Coldwell Banker Realty License #3164044

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,590

Year Built

  • Built in 1954 | Newly Remodeled

Lot Details

  • 10,500 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Property is zoned 0800

Home Design

  • Substantially Remodeled
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,735 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Formal Dining Room
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Clear Impact Glass
  • High Impact Door

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Patio
  • Shed

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Nuevo Mundo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 09-40-25-001-0150

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,590

Year Built

Built in 1954 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1954
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: Please use GPS
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: NUEVO MUNDO
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Separate Guest/In-Law Quarters
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 1735
  • Possible Use: Primary
  • Window Features: Clear Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Separate Guest/In-Law Quarters

Exterior Features

  • Roof: Shingle
  • View: Other
  • Exterior Features: Fruit Trees
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Extra Building/Shed, Shed(s)
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: Substantially Remodeled, New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: NUEVO MUNDO
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 09-40-25-001-0150
  • Lot Size Sq Ft: 10500
  • Zoning: 0800
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7590

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Jun 25, 2020
Sold by
Gurdian Guillermo
Bought by
Pugh Richard
Seller's Agent
Alfonso Llanes
Nesti Real Estate
Buyer's Agent
Christy Lynch
Coldwell Banker Realty
List Price
$630,000
Sold Price
$630,000
Current Estimated Value
$1,179,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$549,176
Avg. Annual Appreciation
12.43%
Original Mortgage
$504,000
Outstanding Balance
$447,743
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$731,433

Purchase Details

Listed on
Apr 19, 2015
Closed on
May 29, 2015
Sold by
Havana Miami Investment Corp
Bought by
Gurdian Guillermo
Seller's Agent
Maggie Mesa
1WS Realty Corp
Buyer's Agent
Alfonso Llanes
Nesti Real Estate
List Price
$520,000
Sold Price
$520,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%
Original Mortgage
$416,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2014
Sold by
Farooq Frasat
Bought by
Havana Miami Investment Corp

Purchase Details

Closed on
Mar 4, 1997
Sold by
Frasat and Farooq Seema
Bought by
Farooq Frasat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
7.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 1996
Sold by
Syed and Zafar Khursheed
Bought by
Faroog Frasat and Faroog Seema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.94%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Pugh Richard $630,000 Stewart Title Company
Gurdian Guillermo $520,000 None Available
Havana Miami Investment Corp $319,100 None Available
Farooq Frasat $46,500 --
Faroog Frasat $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pugh Richard $504,000
Previous Owner Gurdian Guillermo $416,000
Previous Owner Faroog Frasat $93,000
Previous Owner Faroog Frasat $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2020 06/25/20 Sold $630,000 0.0% $363 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $630,000 +21.2% $363 / Sq Ft
05/29/2015 05/29/15 Sold $520,000 0.0% $376 / Sq Ft View Prior Sale
04/24/2015 04/24/15 Pending -- -- --
04/19/2015 04/19/15 For Sale $520,000 -- $376 / 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 $9,355 $546,502 -- --
2024 $9,113 $531,101 -- --
2023 $9,113 $515,633 $0 $0
2022 $8,841 $500,615 $0 $0
2021 $8,940 $486,034 $307,500 $178,534
2020 $7,927 $434,190 $0 $0
2019 $7,590 $416,428 $0 $0
2018 $7,265 $408,664 $0 $0
2017 $7,139 $400,259 $0 $0
2016 $7,114 $392,027 $0 $0
2015 $5,369 $260,259 $0 $0
2014 $1,881 $129,723 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10857304

MIAMI REALTORS® MLS

APN: 09-4025-001-0150