NOT LISTED FOR SALE

7435 SW 188th Ln Cutler Bay, FL 33157

Estimated Value: $1,061,809 - $1,157,000

5 Beds
4 Baths
3,945 Sq Ft
$281/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $975,000 $247 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,847/month

231 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Clubhouse
  • Newly Remodeled
  • Room in yard for a pool
  • Deck

About This Home

As of May 2023

Gorgeous and immaculate kept “Milan Model,” offers 5-bedrooms/4 bathrooms in the beautiful community of Cutler Cay. This Resort Style home offers vaulted ceilings, spectacular kitchen, SS appliances, wood cabinets, granite counter tops, large family room, living /dining room, marble floors, fenced in backyard, master bedroom balcony overlooking ample backyard, impact windows & doors, covered back porch, enough space for a pool. HOA includes 24-hour patrol, alarm, internet, front lawn maintenance. Clubhouse amenities pool, children's playground, tennis court, basketball courts, gym, sauna, lockers. This move-in ready home offers what all families desire—luxury, privacy, space, top rated schools and close proximity to shopping and restaurants. Owners Financing Available.

Last Agent to Sell the Property

Sandra Alonso

Brown Harris Stevens License #3369661 Listed on: 08/11/2022

Brown Harris Stevens

Last Buyer's Agent

June Savage

BHHS EWM Realty License #3039380

BHHS EWM Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,279

Year Built

  • Built in 2006 | Newly Remodeled

Lot Details

  • 9,057 Sq Ft Lot
  • South Facing Home
  • Fenced
  • Property is zoned 0100

HOA Fees

  • $486 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Driveway
  • Paver Block
  • Guest Parking
  • Open Parking

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 3,945 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Drapes & Rods
  • Blinds
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Storage Room
  • Garden Views
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 4 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Bathtub
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

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

Outdoor Features

  • Room in yard for a pool
  • Balcony
  • Deck
  • Porch

Schools

  • Edward Whigham Elementary School
  • Cutler Bay Middle School
  • Miami Southridge High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 36-60-03-034-3900

Community Details

Overview

  • Cutler Cay Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • Security Service
  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,279

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0

HOA Fees

$486 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Directions: Use GPS
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: CUTLER CAY
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Cooking Island, Entrance Foyer, French Doors, Walk-In Closet(s), Attic, Family Room, Storage, Utility Room/Laundry
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: High Impact Doors, French Doors
  • Entry Location: Foyer
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 3945
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Window Features: Blinds, Drapes
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Attic, Family Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks

Exterior Features

  • Roof: Barrel Roof
  • View: Garden
  • Exterior Features: Open Balcony, Room For Pool
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Deck, Open Balcony, Open Porch
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: CUTLER CAY
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Guest, Paver Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Alarm, Owned Burglar Alarm, Smoke Detector

Condo/Co-op/Association

  • Association Fee: 486
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Clubhouse, Pool, Tennis Court(s), Exercise Room, Gated Community, Management On Site, Security Patrol, Street Lights
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Edward Whigham
  • High School: Miami Southridge
  • Middle Or Junior School: Cutler Bay

Lot Info

  • Parcel Number: 36-60-03-034-3900
  • Lot Size Sq Ft: 9057
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11279

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
May 24, 2023
Sold by
Massimo Ortisi Revocable Trust
Bought by
Thompson Richard and Soto Miranda Lundeen
Seller's Agent
Sandra Alonso
Brown Harris Stevens
Buyer's Agent
June Savage
BHHS EWM Realty
List Price
$1,065,000
Sold Price
$975,000
Premium/Discount to List
-$90,000
-8.45%
Views
87
Current Estimated Value
$1,109,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,702
Avg. Annual Appreciation
5.45%
Original Mortgage
$780,000
Outstanding Balance
$758,311
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$351,391

Purchase Details

Closed on
Jun 17, 2014
Sold by
Ortisi Massimo Augusto
Bought by
Ortisi Massimo Augusto and Massimo Ortisi Revocable Trust

Purchase Details

Closed on
Feb 15, 2013
Sold by
Betancourt Eduardo and Martinez Michael
Bought by
Ortisi Massimo Augusto

Purchase Details

Listed on
Oct 3, 2012
Closed on
Nov 2, 2012
Sold by
1St United Bank
Bought by
Betancourt Eduardo and Martinez Michael
Seller's Agent
Susan Gardner
MMLS Assoc.-Inactive Member
Buyer's Agent
Susan Gardner
MMLS Assoc.-Inactive Member
List Price
$330,000
Sold Price
$330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%

Purchase Details

Closed on
Jan 11, 2012
Sold by
Walsh Dennis Rudolph
Bought by
1St United Bank

Purchase Details

Closed on
Mar 14, 2006
Sold by
Shoma Development Corp
Bought by
Walsh Dennis Rudolph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,850
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Thompson Richard $975,000 Florida Secured Title
Ortisi Massimo Augusto -- Attorney
Ortisi Massimo Augusto $430,000 Sunbelt Title Agency
Betancourt Eduardo $330,000 Attorney
1St United Bank $149,900 None Available
Walsh Dennis Rudolph $642,600 The Greater Title Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Richard $780,000
Previous Owner Walsh Dennis Rudolph $481,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2023 05/24/23 Sold $975,000 -8.5% $247 / Sq Ft
03/31/2023 03/31/23 For Sale $1,065,000 0.0% $270 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
02/23/2023 02/23/23 Price Changed $1,065,000 -1.3% $270 / Sq Ft
02/01/2023 02/01/23 Price Changed $1,079,000 -1.0% $274 / Sq Ft
01/06/2023 01/06/23 For Sale $1,090,000 +11.8% $276 / Sq Ft
12/14/2022 12/14/22 Off Market $975,000 -- --
10/18/2022 10/18/22 For Sale $1,090,000 0.0% $276 / Sq Ft
10/16/2022 10/16/22 Off Market $1,090,000 -- --
10/12/2022 10/12/22 Price Changed $1,090,000 -5.1% $276 / Sq Ft
09/25/2022 09/25/22 For Sale $1,149,000 0.0% $291 / Sq Ft
09/25/2022 09/25/22 Off Market $1,149,000 -- --
09/04/2022 09/04/22 For Sale $1,149,000 0.0% $291 / Sq Ft
09/04/2022 09/04/22 Off Market $1,149,000 -- --
08/11/2022 08/11/22 For Sale $1,149,000 +248.2% $291 / Sq Ft
11/05/2012 11/05/12 Sold $330,000 0.0% $80 / Sq Ft View Prior Sale
10/11/2012 10/11/12 Pending -- -- --
10/03/2012 10/03/12 For Sale $330,000 -- $80 / 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 $18,639 $783,064 $289,748 $493,316
2024 $15,109 $820,073 $289,748 $530,325
2023 $15,109 $521,725 $0 $0
2022 $13,426 $474,296 $0 $0
2021 $11,279 $431,179 $99,342 $331,837
2020 $10,531 $414,342 $78,646 $335,696
2019 $10,325 $418,200 $78,646 $339,554
2018 $10,189 $422,059 $78,646 $343,413
2017 $10,213 $418,277 $0 $0
2016 $10,169 $409,031 $0 $0
2015 $9,668 $386,046 $0 $0
2014 $9,142 $350,518 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11253434

MIAMI REALTORS® MLS

APN: 36-6003-034-3900