NOT LISTED FOR SALE

7385 SW 123rd Terrace Miami, FL 33156

Estimated Value: $1,381,011 - $1,600,000

3 Beds
3 Baths
2,134 Sq Ft
$691/Sq Ft Est. Value

Last Sold July 02, 2018

Last sale price $785,000 $368 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $8,371/month

41 Days on Market

Highlights

  • Newly Remodeled
  • In Ground Pool
  • Ranch Style House
  • Palmetto Elementary School Rated A
  • RV or Boat Parking
  • Marble Flooring

About This Home

As of July 2018

Corner lot on prestigious PINECREST. Beautiful one story single family pool home with a modern flair and plenty of room for entertainment inside and out. Light, bright and airy with 3 bedrs and 3 baths, office, walk-in pantry and 2 car garage. Spacious living and dining room area overlooking the pool and large backyard. Great open kitchen with SS appliances and granite counter tops, alarm, pool and custom outdoor kitchen with 54" Viking grill. Updated a few years back with engineered distressed patina maple wood, marble floors and imported Cuban tiles, Pella and PGT hurricane impact windows, NEW AC and much more. Ample Chicago brick driveway w/plenty of room for a Boat and parking. A true Gem! Also avail. for rent see A10454026.

Last Agent to Sell the Property

Al Alvarez

OakTree Real Estate Group License #3077195 Listed on: 04/10/2018

Last Buyer's Agent

Michael Martinez

One Sotheby's International Realty License #0694150

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,319

Year Built

  • Built in 1963 | Newly Remodeled

Lot Details

  • 0.34 Acre Lot
  • South Facing Home
  • Fenced
  • Property is zoned 2100

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Paver Block
  • Open Parking
  • RV or Boat Parking

Home Design

  • Ranch Style House
  • Flat Tile Roof

Interior Spaces

  • 2,134 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • French Doors
  • Entrance Foyer
  • Den
  • Pool Views
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Studio bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 3 Full Bathrooms
  • Shower Only

Home Security

  • Security System Owned
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Hallmark Hgts Ests 7Th Ad Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20-50-14-037-0040

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,319

Year Built

Built in 1963 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1963
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story, Ranch
  • Directions: 124 street east to 74th Ct. North on 74th Ct. House on right side corner.
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: HALLMARK HGTS ESTS 7TH AD
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Entrance Foyer, French Doors, Pantry, Walk-In Closet(s), Den/Library/Office
  • Spa Yn: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: High Impact Doors, French Doors
  • Entry Location: Foyer
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 2134
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Blinds
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Ground Level, Studio
  • Dining Room Features: Breakfast Area
  • Living Room Features: Den/Library/Office
  • Master Bathroom Features: Shower Only

Exterior Features

  • Roof: Flat Tile
  • View: Pool
  • Exterior Features: Barbeque
  • Direction Faces: South
  • 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
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: HALLMARK HGTS ESTS 7TH AD
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Paver Block, Rv/Boat Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Owned Burglar Alarm, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 20-50-14-037-0040
  • Lot Size Sq Ft: 15000
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7319

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2018
Closed on
Jul 2, 2018
Sold by
Salvade Fernando and Salvade Maria R
Bought by
Perez Omar and Barcelo Perez Teresita R
Seller's Agent
Al Alvarez
OakTree Real Estate Group
Buyer's Agent
Michael Martinez
One Sotheby's International Realty
List Price
$875,000
Sold Price
$785,000
Premium/Discount to List
-$90,000
-10.29%
Current Estimated Value
$1,475,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$690,003
Avg. Annual Appreciation
9.08%
Original Mortgage
$628,000
Outstanding Balance
$545,459
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$929,544

Purchase Details

Closed on
Oct 3, 2003
Sold by
Nunez Emilio and Nunez Glenda
Bought by
Salvade Fernando and Salvade Maria R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 10, 1999
Sold by
Schmidt Stephanie E
Bought by
Nunez Emilio and Nunez Glenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 1997
Sold by
David John and Schmidt Stephanie E
Bought by
Schmidt Stephanie E
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
Perez Omar $785,000 Attorney
Salvade Fernando $472,000 --
Nunez Emilio $251,000 --
Schmidt Stephanie E $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Omar $628,000
Previous Owner Salvade Fernando $297,000
Previous Owner Schmidt Stephanie E $125,000
Previous Owner Schmidt Stephanie E $125,000
Closed Salvade Fernando $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2018 07/02/18 Sold $785,000 -10.3% $368 / Sq Ft
04/10/2018 04/10/18 For Sale $875,000 -- $410 / 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 $6,235 $355,851 -- --
2024 $5,841 $345,823 -- --
2023 $5,841 $335,751 $0 $0
2022 $5,625 $325,972 $0 $0
2021 $5,588 $316,478 $0 $0
2020 $5,524 $312,109 $0 $0
2019 $5,421 $305,092 $0 $0
2018 $10,699 $570,344 $390,000 $180,344
2017 $7,319 $423,550 $0 $0
2016 $7,285 $414,839 $0 $0
2015 $7,372 $411,956 $0 $0
2014 $7,463 $408,687 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Al Alvarez

    OakTree Real Estate Group

    (305) 608-0078

    16 Total Sales

    Al Alvarez
    Section Image
  • Michael Martinez

    Buyer's Agent in 2018

    Michael Martinez

    One Sotheby's International Realty

    (305) 725-1696

    115 in this area

    196 Total Sales

    Michael Martinez
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10449387

MIAMI REALTORS® MLS

APN: 20-5014-037-0040

Florida Miami/Dade County Miami 33156

7385 SW 123rd Terrace, Miami, FL

This home is located at 7385 SW 123rd Terrace, Miami, FL 33156 since 10 April 2018 and is currently estimated at $1,475,003, approximately $691 per square foot. This property was built in 1963. 7385 SW 123rd Terrace is a home located in Miami-Dade County with nearby schools including Palmetto Elementary School, Palmetto Middle School, and Miami Palmetto Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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