$860,000
SOLD DEC 7, 2020

7240 SW 107th Terrace Miami, FL 33156

4 Beds
2 Baths
1,780 Sq Ft
0.38 Acres

Recently Sold

$483 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • In Ground Pool
  • Marble Flooring
  • No HOA
  • Palmetto Elementary School Rated A
  • Garden View
  • Den

About This Home

As of December 2020

This beautiful home, with 2,458' under air, welcomes you with majestic Royal Palms at its entrance in this idyllic Pinecrest neighborhood. A Chicago brick driveway and pathway take you to the newly installed front door. Updated kitchen with quartz counters, glass subway tile back-splash, & newer appliances adjoin the breakfast room. The family room is flooded with natural light & has views of the tropical backyard & pool. All bedrooms have built-out closets & the bathrooms are modern & renovated. The main bedroom has a large walk-in closet as well as a separate sitting room. There is a separate 4th bedroom that serves as an excellent guest suite with an adjoining den. Mature avocado tree bears plenty of delicious fruit for the season. Adjusted square footage is 2,674. A Very Special Home.

Last Agent to Sell the Property

Carole Smith

Compass Florida, LLC. License #0587059 Listed on: 10/12/2020

Compass Florida, LLC.

Last Buyer's Agent

Alexandar Alexandrov

Compass Florida, LLC. License #3252011

Compass Florida, LLC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,431

Year Built

  • Built in 1959

Lot Details

  • 0.38 Acre Lot
  • North Facing Home
  • Fenced
  • Property is zoned 2100

Property Views

  • Garden
  • Pool

Home Design

  • Barrel Roof Shape
  • Flat Roof with Façade front
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,780 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Skylights
  • Plantation Shutters
  • French Doors
  • Family Room
  • Open Floorplan
  • Den
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Clay
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Parking

  • Converted Garage
  • Driveway
  • Paver Block
  • Open Parking

Outdoor Features

  • In Ground Pool
  • Patio
  • Exterior Lighting

Schools

  • Palmetto Elementary And Middle School
  • Miami Palmetto High School

Utilities

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

Community Details

  • No Home Owners Association
  • Shane Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20-50-11-010-0400

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,431

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1959
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: SHANE ESTATES
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, French Doors, Skylight, Walk-In Closet(s), Den/Library/Office, Family Room, Garage Converted
  • Spa Yn: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Flooring: Clay, Marble
  • Furnished: Unfurnished
  • Living Area: 1780
  • Possible Use: Unknown/Withheld
  • Window Features: Skylight, Plantation Shutters
  • Bedroom Features: Entry Level, Master Bedroom Ground Level
  • Dining Room Features: Breakfast Area, Dining/Living Room, Florida/Dining Combination, Kitchen Dining
  • Living Room Features: Den/Library/Office, Family Room, Garage Converted
  • Master Bathroom Features: Shower Only

Exterior Features

  • Roof: Barrel Roof, Flat Roof With Facade Front
  • View: Garden, Pool
  • Exterior Features: Fruit Trees, Lighting
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: SHANE ESTATES
  • Open Parking: Yes
  • Parking Features: Driveway, Paver Block

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: None, Paved Road, Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

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

Lot Info

  • Parcel Number: 20-50-11-010-0400
  • Lot Size Sq Ft: 16750
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 11431

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Dec 7, 2020
Sold by
Fuentes Maria Teresa and Guevara Maria T
Bought by
Ferro Simon
Seller's Agent
Carole Smith
Compass Florida, LLC.
Buyer's Agent
Alexandar Alexandrov
Compass Florida, LLC.
List Price
$865,000
Sold Price
$860,000
Premium/Discount to List
-$5,000
-0.58%
Current Estimated Value
$1,660,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$800,489
Avg. Annual Appreciation
15.30%
Original Mortgage
$688,000
Outstanding Balance
$615,340
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,045,149

Purchase Details

Closed on
Mar 24, 2006
Sold by
Cabrera Marcio C and Cabrera Miriam
Bought by
Guevara Maria T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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 $860,000 Attorney
Warranty Deed $790,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $688,000 New Conventional
Previous Owner $632,000 Fannie Mae Freddie Mac
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $860,000 -0.6% $483 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $865,000 -- $486 / 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 $11,896 $668,487 -- --
2024 $11,348 $649,648 -- --
2023 $11,348 $630,727 $0 $0
2022 $10,978 $612,357 $0 $0
2021 $10,600 $594,522 $0 $0
2020 $11,370 $595,314 $428,625 $166,689
2019 $11,432 $595,621 $428,625 $166,996
2018 $11,997 $643,553 $476,250 $167,303
2017 $7,638 $441,380 $0 $0
2016 $7,604 $432,302 $0 $0
2015 $7,695 $429,297 $0 $0
2014 $7,790 $425,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10932133

MIAMI REALTORS® MLS

APN: 20-5011-010-0400