NOT LISTED FOR SALE

7240 SW 63rd Ave South Miami, FL 33143

Estimated Value: $865,000 - $2,131,000

0.33 Acre
$4,227,358 Price per Acre
14,375 Sq Ft Lot

Last Sold January 29, 2021

Last sale price $540,000

Est. 158% increase in value since last sale

Current estimated payment $8,208/month

65 Days on Market

Highlights

  • Partially Wooded Lot
  • No HOA
  • Fenced
  • South Miami Middle School Rated A-

About This Lot

As of January 2021

EXCELLENT LOCATION IN THE CITY OF SOUTH MIAMI. READY TO BUILD YOUR OWN HOUSE OR AS AN INVESTMENT. Unique 14,000 square feet lot West of US1. Close to downtown of South Miami, hospitals, Sunset Medical Corridor, University of Miami, shopping, entertainment centers, restaurants, major expressways and bus service. Please contact the City of South Miami for zoning/building information. Property is zoned for SINGLE FAMILY HOMES ONLY, seller will only accept offers for that land use. VACANT LAND OPPORTUNITY IN PRIME LOCATION!!!

Last Agent to Sell the Property

Loretta Badell

Global G Real Estate Corp. License #0667869 Listed on: 10/08/2020

Last Buyer's Agent

Eileen Gomez

The Brokerage A Real Estate Company License #3432317

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,421

Lot Details

  • 0.33 Acre Lot
  • Dirt Road
  • East Facing Home
  • Fenced
  • Cleared Lot
  • Partially Wooded Lot
  • Additional Parcels
  • Property is zoned 0800

Additional Features

  • City Lot
  • Septic Tank

Community Details

  • No Home Owners Association
  • Sunset Villas Condos
  • Sunset Villas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 09-40-36-031-0180

Property Details

Property Type

Land

Est. Annual Taxes

$6,421

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Directions: Sunset Dr. to 63 Ct. Turn South. The property is on your right.
  • Horses: No
  • Lot Size Acres: 0.33
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: SUNSET VILLAS
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Primary

Exterior Features

  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: City Location, Dirt, 1/4 To Less Than 1/2 Acre Lot, Build To Suit, Cleared, Fenced, Septic, Street Lights
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SUNSET VILLAS

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 09-40-36-031-0180
  • Additional Parcels: Yes
  • Current Use: Residential, Check Land Use Plan
  • Development Status: Other
  • Lot Size Sq Ft: 14000
  • Zoning: 0800
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Jan 29, 2021
Sold by
Kkeating Michael and Granados Nolly
Bought by
Gomez Richard
Seller's Agent
Loretta Badell
Global G Real Estate Corp.
Buyer's Agent
Eileen Gomez
The Brokerage A Real Estate Company
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%
Current Estimated Value
$1,395,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$855,028
Avg. Annual Appreciation
22.12%
Original Mortgage
$363,000
Outstanding Balance
$324,100
Interest Rate
2.6%
Mortgage Type
Seller Take Back
Estimated Equity
$1,070,928

Purchase Details

Closed on
Mar 30, 2007
Sold by
Sogbe Cesar A and Sogbe Sabrina M
Bought by
Keating Michael and Granados Nolly C

Purchase Details

Closed on
Apr 30, 2004
Sold by
7220 Development Corp
Bought by
Sogbe Cesar A and Sogbe Sabrian M

Purchase Details

Closed on
Feb 14, 2003
Sold by
7220 Development Corp
Bought by
6340 Sunset Corp

Purchase Details

Closed on
Jul 2, 2002
Sold by
Jane G Yackee I
Bought by
Yackee Robert L
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
Gomez Richard $540,000 1St Class Title Svcs Corp
Keating Michael $414,000 Attorney
Sogbe Cesar A $220,000 --
6340 Sunset Corp -- --
Yackee Robert L -- --
7220 Dev Corp $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Richard $363,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $540,000 -6.1% --
12/12/2020 12/12/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $575,000 -- --
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 $10,436 $574,992 -- --
2024 $9,187 $522,720 -- --
2023 $9,187 $475,200 $0 $0
2022 $8,266 $432,000 $432,000 $0
2021 $7,192 $360,000 $360,000 $0
2020 $6,790 $360,000 $360,000 $0
2019 $6,421 $360,000 $360,000 $0
2018 $5,834 $348,000 $348,000 $0
2017 $5,352 $245,968 $0 $0
2016 $5,252 $223,608 $0 $0
2015 $5,097 $203,280 $0 $0
2014 $4,545 $184,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Loretta Badell

    Seller's Agent in 2021

    Loretta Badell

    Global G Real Estate Corp.

    (305) 668-5988

    1 in this area

    8 Total Sales

    Loretta Badell
    Section Image
  • Eileen Gomez

    Buyer's Agent in 2021

    Eileen Gomez

    The Brokerage A Real Estate Company

    (954) 258-1896

    1 in this area

    7 Total Sales

    Eileen Gomez
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10938335

MIAMI REALTORS® MLS

APN: 09-4036-031-0180

Florida Miami/Dade County South Miami 33143

7240 SW 63rd Ave, South Miami, FL

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