NOT LISTED FOR SALE

7485 SW 157th Terrace Palmetto Bay, FL 33157

Estimated Value: $1,651,000 - $1,903,000

6 Beds
5.5 Baths
4,479 Sq Ft
$399/Sq Ft Est. Value

Last Sold September 23, 2019

Last sale price $915,000 $204 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $12,106/month

334 Days on Market

Highlights

  • Heated In Ground Pool
  • Sitting Area In Primary Bedroom
  • Marble Flooring
  • Coral Reef Elementary School Rated A
  • Maid or Guest Quarters
  • Garden View

About This Home

As of September 2019

STATELY, SPACIOUS and SERENE….. Impressive 4,479 Sq. Ft. Home on a 19,000 Sq. Ft. Walled, Gated and Corner Lot boasts 6 Bedrooms/5.5 Baths with Live-In Quarters & a Full 1st floor suite. Formal Living Room, Formal Dining Room, Gourmet Kitchen w/ maple cabinetry & granite countertops. Kitchen appliances are SS THERMADOR Professional Series. Breakfast nook off kitchen with garden views. Large Family Room w/wet bar & wine cooler. Home includes an entertainment room and an Expansive Master Bedroom with walk-in closets. Full Household Generator. ENTERTAINING written all over it, inside & out, with its tropically landscaped pool area with an inviting heated Pool (propane) and integrated Jacuzzi. Outdoor area includes TIKI Hut with Full Summer Kitchen & Custom lighting. Lease Purchase available.

Last Agent to Sell the Property

R. Scott Darden

John U. Darden R.E. Broker License #0623197 Listed on: 10/05/2018

Last Buyer's Agent

Ilse Helbing Palomino

EXP Realty LLC License #3307862

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,111

Year Built

  • Built in 1994

Lot Details

  • 0.43 Acre Lot
  • South Facing Home
  • Property is zoned 2100

Parking

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

Property Views

  • Garden
  • Pool

Home Design

  • Substantially Remodeled
  • Flat Tile Roof

Interior Spaces

  • 4,479 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Paddle Fans
  • French Doors
  • Family Room
  • Formal Dining Room

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Maid or Guest Quarters
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Heated In Ground Pool
  • Pool Bathroom
  • Pool Equipment Stays
  • Auto Pool Cleaner

Outdoor Features

  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Cutler Grove Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33-50-26-017-0080

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,111

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1994
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Directions: Old Cutler Road to 157 Terrace.
  • 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_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Bottled Gas, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Gas Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, French Doors, Laundry Tub, Pantry, Walk-In Closet(s), Family Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 4479
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level, Sitting Area - Master Bedroom, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Formal Dining
  • Living Room Features: Family Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • Roof: Flat Tile
  • View: Garden, Pool
  • Exterior Features: Barbeque, Lighting
  • Direction Faces: South
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Porch, Patio
  • Pool Features: Auto Pool Clean, In Ground, Equipment Stays, Heated, Pool Bath, Pool/Spa Combo
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Park Building Name: CUTLER GROVE ESTATES
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Paver Block

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Electric, Paddle Fans
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub, Utility Room/Laundry

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

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

Lot Info

  • Parcel Number: 33-50-26-017-0080
  • Lot Size Sq Ft: 18886
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 11111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Sep 23, 2019
Sold by
Melendez Adela B and Melendez Adela Beatriz Nachon
Bought by
Viedma Investments Llc
Seller's Agent
R. Scott Darden
John U. Darden R.E. Broker
Buyer's Agent
Ilse Helbing Palomino
EXP Realty LLC
List Price
$999,000
Sold Price
$915,000
Premium/Discount to List
-$84,000
-8.41%
Current Estimated Value
$1,788,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$873,269
Avg. Annual Appreciation
13.09%

Purchase Details

Closed on
Jan 6, 2005
Sold by
Garabedian Alexander C and Garabedian Vicki
Bought by
Melendez Adela B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
1%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 9, 1997
Sold by
Dewitt Andrew K
Bought by
Garabedian Alexander C and Garabedian Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
7.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 1997
Sold by
Dewitt Amy L
Bought by
Dewitt Andrew K
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
Viedma Investments Llc $915,000 Perland T&E Svcs Corp
Melendez Adela B $750,000 --
Garabedian Alexander C $415,000 --
Dewitt Andrew K $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Melendez Adela B $250,000
Previous Owner Melendez Adela B $600,000
Previous Owner Dewitt Andrew K $275,000
Previous Owner Dewitt Andrew K $214,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2019 09/23/19 Sold $915,000 -3.6% $204 / Sq Ft
09/04/2019 09/04/19 Pending -- -- --
12/07/2018 12/07/18 Price Changed $949,000 -5.0% $212 / Sq Ft
10/05/2018 10/05/18 For Sale $999,000 -- $223 / 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 $28,572 $998,929 -- --
2024 $26,488 $908,118 -- --
2023 $26,488 $825,562 $0 $0
2022 $23,384 $750,511 $0 $0
2021 $12,818 $682,283 $304,974 $377,309
2020 $13,686 $734,925 $254,145 $480,780
2019 $11,634 $660,274 $0 $0
2018 $0 $647,963 $0 $0
2017 $11,111 $634,636 $0 $0
2016 $11,078 $621,583 $0 $0
2015 $11,280 $617,263 $0 $0
2014 $11,420 $612,365 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    R. Scott Darden

    John U. Darden R.E. Broker

    (305) 343-8588

    8 Total Sales

    R. Scott Darden
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10548521

MIAMI REALTORS® MLS

APN: 33-5026-017-0080

Florida Miami/Dade County Palmetto Bay 33157

7485 SW 157th Terrace, Palmetto Bay, FL

This home is located at 7485 SW 157th Terrace, Palmetto Bay, FL 33157 since 05 October 2018 and is currently estimated at $1,788,269, approximately $399 per square foot. This property was built in 1994. 7485 SW 157th Terrace is a home located in Miami-Dade County with nearby schools including Coral Reef Elementary School, Southwood Middle School, and Arthur And Polly Mays Conservatory Of The Arts.

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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