NOT LISTED FOR SALE

Estimated Value: $504,893 - $621,000

4 Beds
3 Baths
1,618 Sq Ft
$341/Sq Ft Est. Value

Last Sold October 04, 2019

Last sale price $250,000 $155 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $3,602/month

23 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • 1-Story Property
  • No HOA
  • No Heating

About This Home

As of October 2019

Perfect investment opportunity in the heart of Miami just east of the 95 close to everything. This property is a legal Duplex consisting of a large main house a 3/2 and a separate building in the back can be rented as a 1/1 or used as a mother in laws quarters not attached to the main house. The back unit had a fire and needs to be completely remodeled thats what makes this such a perfect investment opportunity. Can purchase at this low price then fix and flip the property or rent it out. The main house is currently rented for $1,450 can be remodeled and rent can be increased to $1,600 which is market value. The back unit is currently vacant and can be rented out for $1,000 per month.

Last Agent to Sell the Property

Mordchai Lunger

MMLS Assoc.-Inactive Member License #3315078 Listed on: 08/19/2019

Last Buyer's Agent

Marcelin Paul

Sunset Realty of Broward License #3115418

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,822

Year Built

  • Built in 1953

Lot Details

  • 6,273

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Flat Tile Roof

Interior Spaces

  • 1,618 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Utilities

  • Central Air
  • No Heating

Community Details

  • No Home Owners Association
  • 2 Units
  • Groveland Pk Condos
  • Groveland Pk Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-13-023-0980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,822

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: GROVELAND PK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 1618
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Flat Tile
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: GROVELAND PK
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-13-023-0980
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2822

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2019
Closed on
Oct 4, 2019
Sold by
Shephard Barbara and Mcclaine Michael
Bought by
Square Property Investments Group Llc
Seller's Agent
Mordchai Lunger
MMLS Assoc.-Inactive Member
Buyer's Agent
Marcelin Paul
Sunset Realty of Broward
List Price
$260,000
Sold Price
$250,000
Premium/Discount to List
-$10,000
-3.85%
Current Estimated Value
$551,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,473
Avg. Annual Appreciation
14.75%

Purchase Details

Closed on
Oct 18, 2012
Sold by
Shepard Barbara
Bought by
Mcclaine Michael and Shephard Barbara

Purchase Details

Closed on
Jun 30, 2005
Sold by
Kendrick Theodis and Shephard Barbara
Bought by
Shephard Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,800
Interest Rate
10.99%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 3, 2003
Sold by
Kendrick Theodis
Bought by
Kendrick Theodis and Shephard Barbara

Purchase Details

Closed on
Dec 31, 2002
Sold by
Alexander Joe and Smith Antonio
Bought by
Kendrick Theodis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
10.9%
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
Square Property Investments Group Llc $250,000 Sun And Surf Title Llc
Mcclaine Michael -- Attorney
Shephard Barbara -- --
Kendrick Theodis $30,000 --
Kendrick Theodis -- --
Kendrick Theodis $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shephard Barbara $130,000
Previous Owner Shephard Barbara $111,800
Previous Owner Kendrick Theodis $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2019 10/04/19 Sold $250,000 -3.8% $155 / Sq Ft
08/18/2019 08/18/19 For Sale $260,000 -- $161 / 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 $7,241 $317,485 -- --
2024 $6,807 $288,623 -- --
2023 $6,807 $262,385 $0 $0
2022 $6,089 $238,532 $0 $0
2021 $5,460 $216,848 $0 $0
2020 $4,959 $197,135 $84,000 $113,135
2019 $3,457 $191,169 $78,000 $113,169
2018 $2,822 $126,418 $51,500 $74,918
2017 $2,712 $77,436 $0 $0
2016 $2,452 $70,397 $0 $0
2015 $2,279 $63,998 $0 $0
2014 $2,079 $58,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10725638

MIAMI REALTORS® MLS

APN: 01-3113-023-0980