NOT LISTED FOR SALE

7400 SW 157th Terrace Palmetto Bay, FL 33157

Estimated Value: $1,616,000 - $2,084,000

5 Beds
3.5 Baths
3,932 Sq Ft
$453/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $790,000 $201 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $10,349/month

302 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Concrete Block With Brick
  • Coral Reef Elementary School Rated A
  • Breakfast Area or Nook
  • Patio

About This Home

As of March 2017

Spacious 5 bedroom home with beautifully remodeled 3.5 bathrooms. Brand new roof installed March 2016. Ample size bedroom with dark wood floors. New tile flooring in the kitchen & family room. Split plan one suite opposite side. House just painted. Great public &private schools within five minute drive. Kitchen flows to the family room. Large covered patio area w/pool and built-in grill. Formal living room & dining room that seats 12. Host large groups inside & outside. Beautiful curb appeal.

Last Agent to Sell the Property

Liede DeValdivielso

The Keyes Company License #0680641 Listed on: 04/12/2016

Co-Listed By

Frank DeValdivielso

The Keyes Company License #3121143

Last Buyer's Agent

Jessica Johnson

Modern World Realty License #3317386

Modern World Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,104

Year Built

  • Built in 1975

Lot Details

  • 0.41 Acre Lot
  • North Facing Home
  • Fenced
  • Property is zoned EU-M

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Concrete Block With Brick
  • Flat Tile Roof

Interior Spaces

  • 3,932 Sq Ft Home
  • 1-Story Property
  • Family Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio

Schools

  • Coral Reef Elementary School
  • Southwood Middle School
  • Miami Palmetto High School

Utilities

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

Community Details

  • No Home Owners Association
  • Cutler Grove Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33-50-26-017-0120

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,104

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1975
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Co List Office Mls Id: KEYE41
  • Co List Office Phone: 305-443-7423
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: Cutler Grove Estates
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Washer
  • Interior Amenities: First Floor Entry, Family Room
  • Spa Yn: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 3932
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level
  • Dining Room Features: Breakfast Area, Eat-In Kitchen
  • Living Room Features: Family Room

Exterior Features

  • Roof: Flat Tile
  • View: None
  • Construction Type: Concrete Block With Brick
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio, Screened Porch
  • Pool Features: In Ground
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Cutler Grove Estates
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Coral Reef
  • High School: Miami Palmetto
  • Middle Or Junior School: Southwood

Lot Info

  • Parcel Number: 33-50-26-017-0120
  • Lot Size Sq Ft: 17750
  • Zoning: EU-M
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 8104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2016
Closed on
Mar 26, 2017
Sold by
Johnson Burton and Johnson Nina
Bought by
Perez Lka M and Medina Miguel A
Seller's Agent
Liede DeValdivielso
The Keyes Company
Buyer's Agent
Jessica Johnson
Modern World Realty
List Price
$849,000
Sold Price
$790,000
Premium/Discount to List
-$59,000
-6.95%
Current Estimated Value
$1,781,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$991,405
Avg. Annual Appreciation
9.93%
Original Mortgage
$750,500
Outstanding Balance
$623,672
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,157,733

Purchase Details

Closed on
Mar 15, 2007
Sold by
Kehm Roger L and Kehm Paulette
Bought by
Johnson Burton and Johnson Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
6.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 30, 1999
Sold by
Lopez Raul C and Lopez Debbie M
Bought by
Kehm Roger L and Kehm Paulette

Purchase Details

Closed on
Apr 3, 1996
Sold by
Hyde Harland E and Hyde Nancy Lee
Bought by
Lopez Raul C G and Lopez Debbie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
7.25%
Mortgage Type
New Conventional
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 Lka M $790,000 Attorney
Johnson Burton $790,000 Attorney
Kehm Roger L $384,000 --
Lopez Raul C G $332,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Lka M $750,500
Previous Owner Johnson Burton $515,000
Previous Owner Lopez Raul C G $266,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2017 03/31/17 Sold $790,000 -6.9% $201 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
10/28/2016 10/28/16 Price Changed $849,000 0.0% $216 / Sq Ft
10/28/2016 10/28/16 For Sale $849,000 +7.5% $216 / Sq Ft
09/05/2016 09/05/16 Off Market $790,000 -- --
06/27/2016 06/27/16 Price Changed $799,000 -3.1% $203 / Sq Ft
05/09/2016 05/09/16 Price Changed $824,900 -4.0% $210 / Sq Ft
04/12/2016 04/12/16 For Sale $859,000 -- $218 / 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 $12,084 $715,498 -- --
2024 $11,650 $695,334 -- --
2023 $11,650 $675,082 $0 $0
2022 $11,259 $655,420 $0 $0
2021 $11,259 $636,331 $0 $0
2020 $11,037 $627,546 $245,625 $381,921
2019 $11,136 $632,581 $245,625 $386,956
2018 $10,960 $637,614 $245,625 $391,989
2017 $10,707 $571,864 $0 $0
2016 $7,962 $451,218 $0 $0
2015 $8,104 $448,082 $0 $0
2014 $8,202 $444,526 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10065440

MIAMI REALTORS® MLS

APN: 33-5026-017-0120