NOT LISTED FOR SALE

6850 SW 2nd Terrace Miami, FL 33144

Flagami Neighborhood

Estimated Value: $579,000 - $646,000

2 Beds
2 Baths
1,071 Sq Ft
$565/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $519,900 $485 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,959/month

39 Days on Market

Highlights

  • No HOA
  • Patio
  • 1-Story Property
  • High Impact Windows
  • Laundry in Utility Room
  • 5-minute walk to Robert King High Park

About This Home

As of September 2022

LOCATION LOCATION LOCATION! BUY THIS COMPLETELY RENOVATED SINGLE FAMILY HOME MINUTES AWAY FROM THE MIAMI INTL AIRPORT, BRICKELL AVE, WYNWOOD, ART DECO DISTRICT AND MIAMI BEACH. THE PROPERTY FEATURES THE FOLLOWING: NEW ROOF, NEW IMPACT WINDOWS & DOORS, NEW ELECTRICAL THROUGHOUT THE HOUSE, NEW PLUMBING THROUGHOUT THE HOUSE, NEW KITCHEN WITH QUARTZ COUNTERTOPS, NEW BATHROOMS & VANITIES WITH QUARTZ COUNTERTOPS AND MUCH MORE!

Last Agent to Sell the Property

Juan Perez

Florida Realty of Miami Corp License #3131780 Listed on: 07/07/2022

Florida Realty of Miami Corp

Last Buyer's Agent

Anthony Askowitz

RE/MAX Advance Realty II License #550119

RE/MAX Advance Realty II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,124

Year Built

  • Built in 1950

Lot Details

  • 6,000 Sq Ft Lot
  • Southwest Facing Home
  • Property is zoned 0100

Home Design

  • Shingle Roof

Interior Spaces

  • 1,071 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Vinyl Flooring
  • High Impact Windows
  • Laundry in Utility Room

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Shower Only

Parking

  • 1 Carport Space
  • Driveway
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Princess Park Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-40-02-002-1370

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,124

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1950
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: GPS.
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: PRINCESS PARK MANOR
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Vinyl
  • Furnished: Unfurnished
  • Living Area: 1071
  • Possible Use: Primary
  • Window Features: Clear Impact Glass, High Impact Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Shower Only

Exterior Features

  • Roof: Shingle
  • View: None
  • Direction Faces: Southwest
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PRINCESS PARK MANOR
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-40-02-002-1370
  • Lot Size Sq Ft: 6000
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5124

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Sep 9, 2022
Sold by
Benjamin C Investments Llc
Bought by
Alvarez Laura Elena and Lugones Ismael
Seller's Agent
Juan Perez
Florida Realty of Miami Corp
Buyer's Agent
Anthony Askowitz
RE/MAX Advance Realty II
List Price
$549,900
Sold Price
$519,900
Premium/Discount to List
-$30,000
-5.46%
Views
11
Current Estimated Value
$605,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,520
Avg. Annual Appreciation
5.35%
Original Mortgage
$493,905
Outstanding Balance
$473,078
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$132,342

Purchase Details

Closed on
Mar 10, 2021
Sold by
Cuervo Raimundo
Bought by
Benjamin C Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Feb 14, 2020
Closed on
Aug 7, 2020
Sold by
W B H Investments Llc
Bought by
Cuervo Raimundo
Seller's Agent
Jose Fente
Tropical Realty, Inc.
Buyer's Agent
Alex Pardo
JPR International Real Estate
List Price
$210,000
Sold Price
$141,750
Premium/Discount to List
-$68,250
-32.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.42%

Purchase Details

Listed on
Feb 14, 2020
Closed on
May 22, 2020
Sold by
Rescap Securities Holdings Co
Bought by
W B H Investments Llc
Seller's Agent
Jose Fente
Tropical Realty, Inc.
Buyer's Agent
Alex Pardo
JPR International Real Estate
List Price
$210,000
Sold Price
$141,750
Premium/Discount to List
-$68,250
-32.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,950
Interest Rate
3.2%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 13, 2020
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Rescap Securities Holdings Co

Purchase Details

Closed on
Mar 6, 2019
Sold by
Secretary Of Housing & Urban Development
Bought by
Bank Of New York Mellon Trust Company Na

Purchase Details

Closed on
Feb 14, 2019
Sold by
Bank Of New York Mellon Trust Company
Bought by
Secretary Of Housing And Urban Dev

Purchase Details

Closed on
Apr 11, 2018
Sold by
The Bank Of New York Mellon Trust Co
Bought by
Secretary Of Hud

Purchase Details

Closed on
May 12, 2014
Sold by
Diaz Borrego Jose L
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Sep 19, 2013
Sold by
Borrego Jose L Diaz and Del Castillo Yolanda
Bought by
Delcastillo Yolanda

Purchase Details

Closed on
Oct 29, 2008
Sold by
Sarussi Wanda
Bought by
Borrego Jose L Diaz and Del Castillo Yolanda Guerra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,264
Interest Rate
6.11%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 15, 2008
Sold by
Sarussi Wanda
Bought by
Sarussi Wanda
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
Alvarez Laura Elena $519,900 Precision Home Title
Benjamin C Investments Llc -- Precision Home Title Llc
Cuervo Raimundo $215,000 Precision Home Title Llc
W B H Investments Llc $141,750 Attorney
Rescap Securities Holdings Co -- Vantage Point Title Inc
Bank Of New York Mellon Trust Company Na -- Meridian Title Corp
Secretary Of Housing And Urban Dev -- Servicelink
Secretary Of Hud -- Servicelink
The Bank Of New York Mellon Trust Co Na $148,200 Servicelink
Gmac Mortgage Llc $110,100 None Available
Delcastillo Yolanda $55,000 Attorney
Borrego Jose L Diaz $210,000 Great Country Title Services
Sarussi Wanda -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Laura Elena $493,905
Previous Owner Benjamin C Investments Llc $160,000
Previous Owner Benjamin C Investments Llc $160,000
Previous Owner W B H Investments Llc $161,950
Previous Owner Borrego Jose L Diaz $207,264
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $519,900 0.0% $485 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/02/2022 08/02/22 Price Changed $519,900 -1.9% $485 / Sq Ft
07/25/2022 07/25/22 Price Changed $529,900 -1.9% $495 / Sq Ft
07/22/2022 07/22/22 Price Changed $539,900 -0.9% $504 / Sq Ft
07/12/2022 07/12/22 Price Changed $544,900 -0.9% $509 / Sq Ft
07/07/2022 07/07/22 For Sale $549,900 +287.9% $513 / Sq Ft
06/11/2020 06/11/20 Sold $141,750 -21.3% $132 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
03/09/2020 03/09/20 Price Changed $180,000 -14.3% $168 / Sq Ft
02/13/2020 02/13/20 For Sale $210,000 -- $196 / 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 $7,918 $430,140 -- --
2024 $7,862 $418,018 -- --
2023 $7,862 $405,843 $239,753 $166,090
2022 $5,813 $263,558 $210,103 $53,455
2021 $4,424 $190,313 $149,782 $40,531
2020 $4,870 $210,804 $134,957 $75,847
2019 $4,741 $204,722 $128,822 $75,900
2018 $3,861 $195,290 $128,822 $66,468
2017 $3,505 $138,570 $0 $0
2016 $3,292 $125,973 $0 $0
2015 $2,926 $114,521 $0 $0
2014 $1,830 $105,134 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11237300

MIAMI REALTORS® MLS

APN: 01-4002-002-1370