Seller's Agent in 2024
Drew Kern
BHHS EWM Realty
(305) 282-3000
114 in this area
305 Total Sales
7440 SW 162nd St Palmetto Bay, FL 33157
Estimated Value: $1,698,000 - $1,811,000
5
Beds
3
Baths
3,156
Sq Ft
$554/Sq Ft
Est. Value
Highlights
- Guest House
- 1 Bedroom Guest House
- Cottage Room
- Coral Reef Elementary School Rated A
- Outdoor Pool
- Marble Flooring
About This Home
As of May 2024Pristine 4/2 home with detached 2018-built one bedroom cottage retreat in one of Palmetto Bay’s most desirable neighborhoods. Surrounded by a mature oak grove, this property offers a secluded and lushly landscaped backyard paradise and pool ideal for entertainment. This oasis presents a rare opportunity to own two separate homes in one. Metal roof new in 2022, impact windows and doors. Gas fireplace and full-house generator in cottage. Easy access to Biscayne Bay, excellent public and private schools, shopping and The Deering Estate.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,140
Year Built
- Built in 1972
Lot Details
- 0.43 Acre Lot
- North Facing Home
- Fenced
- Property is zoned 2100
Parking
- 2 Car Attached Garage
- Automatic Garage Door Opener
- Circular Driveway
- Open Parking
Property Views
- Garden
- Pool
Home Design
- Metal Roof
Interior Spaces
- 3,156 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Fireplace
- Blinds
- Family Room
- Combination Dining and Living Room
Kitchen
- Eat-In Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- In-Law or Guest Suite
- 3 Full Bathrooms
- Dual Sinks
- Shower Only
Laundry
- Laundry in Utility Room
- Dryer
- Washer
Home Security
- Complete Impact Glass
- High Impact Door
- Fire and Smoke Detector
Pool
- Outdoor Pool
- Fence Around Pool
- Auto Pool Cleaner
Outdoor Features
- Patio
- Exterior Lighting
- Cottage Room
- Porch
Additional Homes
- Guest House
- 1 Bedroom Guest House
- One Bathroom Guest House
- Guest House Includes Living Room
- Guest House Includes Kitchen
Schools
- Coral Reef Elementary School
- Southwood Middle School
- Miami Palmetto High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
- Hillary Estates First Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 33-50-26-013-0080
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 18, 2024
Closed on
May 16, 2024
Sold by
Oconnell Patrick M and Oconnell Patricia Armstrong
Bought by
Acosta Amado Julio
Seller's Agent
Drew Kern
BHHS EWM Realty
Buyer's Agent
Jonathan Aguilar
Luxe Properties
List Price
$1,875,000
Sold Price
$1,740,000
Premium/Discount to List
-$135,000
-7.2%
Views
59
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,730
Avg. Annual Appreciation
0.45%
Original Mortgage
$1,275,000
Outstanding Balance
$1,259,191
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$490,539
Purchase Details
Closed on
Feb 14, 2019
Sold by
Armstrong O Connell Patrick M and Connell Patricia Armstrong O
Bought by
Armstrong O Connell Patrick M and Connell Patricia Armstrong O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 16, 2006
Sold by
Graham Linda
Bought by
Oconnell Patrick M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,000
Interest Rate
7.75%
Mortgage Type
Unknown
Purchase Details
Closed on
Jan 23, 2004
Sold by
Townsend Steve H and Townsend Terri Boyd
Bought by
Graham Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Acosta Amado Julio | $1,740,000 | Haus Of Title, L.L.C | |
| Armstrong O Connell Patrick M | $166,000 | Columbia Title Of Fl Inc | |
| Oconnell Patrick M | $660,000 | Dba Ewm Title | |
| Graham Linda | $410,000 | Columbia Title Florida Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Acosta Amado Julio | $1,275,000 | |
| Previous Owner | Oconnell Patrick M | $19,000 | |
| Previous Owner | Oconnell Patrick M | $249,000 | |
| Previous Owner | Armstrong O Connell Patrick M | $249,000 | |
| Previous Owner | Oconnell Patrick M | $594,000 | |
| Previous Owner | Graham Linda | $328,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2024 05/29/24 | Sold | $1,740,000 | -7.2% | $551 / Sq Ft |
| 03/18/2024 03/18/24 | For Sale | $1,875,000 | -- | $594 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $10,675 | $1,233,316 | $657,090 | $576,226 |
| 2024 | $10,140 | $574,199 | -- | -- |
| 2023 | $10,140 | $557,475 | $0 | $0 |
| 2022 | $9,772 | $541,238 | $0 | $0 |
| 2021 | $9,739 | $525,474 | $0 | $0 |
| 2020 | $9,557 | $518,219 | $0 | $0 |
| 2019 | $9,354 | $506,568 | $0 | $0 |
| 2018 | $9,645 | $403,176 | $0 | $0 |
| 2017 | $9,622 | $394,884 | $0 | $0 |
| 2016 | $6,782 | $386,762 | $0 | $0 |
| 2015 | $6,902 | $384,074 | $0 | $0 |
| 2014 | $6,985 | $381,026 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Drew Kern
-
Jonathan Aguilar
Buyer's Agent in 2024
Jonathan Aguilar
Luxe Properties
(786) 501-1989
1 in this area
4 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11551979
APN: 33-5026-013-0080
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