NOT LISTED FOR SALE

7502 SW 166th Terrace Palmetto Bay, FL 33157

Estimated Value: $1,146,944 - $1,330,000

4 Beds
2 Baths
2,483 Sq Ft
$484/Sq Ft Est. Value

Last Sold September 18, 2013

Last sale price $485,000 $195 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $7,061/month

22 Days on Market

Highlights

  • Wood Flooring
  • Garden View
  • No HOA
  • Coral Reef Elementary School Rated A
  • Sun or Florida Room
  • Den

About This Home

As of September 2013

Gorgeous Palmetto Bay home on quiet tree line street. This gardener's paradise features a large Florida room, huge family room, formal dining w/custom built-in cabinetry & updated kitchen w/stainless steel appliances. Enjoy your backyard paradise swimming in your pool or relaxing in your screened-in patio. Luscious, mature landscaping surrounds the property providing you with lots of privacy while still being close to Old Cutler. New roof in 2010 w/transferrable warranty, A/C has service contract.

Last Agent to Sell the Property

Melissa Adams

RE/MAX Advance Realty II License #3207958 Listed on: 07/24/2013

RE/MAX Advance Realty II

Last Buyer's Agent

M. Sean Reichert

MMLS Assoc.-Inactive Member License #0706874

MMLS Assoc.-Inactive Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,333

Year Built

  • Built in 1970

Lot Details

  • 0.34 Acre Lot
  • North Facing Home
  • Fenced
  • Property is zoned 21/EST 1

Parking

  • 1 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Shingle Roof

Interior Spaces

  • 2,483 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Blinds
  • French Doors
  • Family Room
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Utility Room in Garage
  • Garden Views

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

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
  • Old Cutler South Sec 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33-50-26-008-0030

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,333

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: OLD CUTLER SOUTH SEC 1
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Range, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, French Doors, Den/Library/Office, Family Room, Florida Room, Utility/Laundry In Garage
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 2483
  • Possible Use: Primary
  • Window Features: Hurricane Shutters, Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Utility/Laundry In Garage
  • Master Bathroom Features: Dual Sinks, Shower Only

Exterior Features

  • Roof: Shingle
  • View: Garden
  • Construction Type: Other
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Porch, Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OLD CUTLER SOUTH SEC 1
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: In Garage

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: 33-50-26-008-0030
  • Lot Size Sq Ft: 15008
  • Zoning: 21/EST 1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 5333

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2013
Closed on
Sep 17, 2013
Sold by
Worth Jason and Worth Melissa
Bought by
Sullivan Jonathan P and Sullivan Christina D
Seller's Agent
Melissa Adams
RE/MAX Advance Realty II
Buyer's Agent
M. Sean Reichert
MMLS Assoc.-Inactive Member
List Price
$499,000
Sold Price
$485,000
Premium/Discount to List
-$14,000
-2.81%
Current Estimated Value
$1,201,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$716,236
Avg. Annual Appreciation
7.80%
Original Mortgage
$436,500
Outstanding Balance
$325,601
Interest Rate
4.39%
Mortgage Type
New Conventional
Estimated Equity
$875,635

Purchase Details

Closed on
Dec 8, 2010
Sold by
Stern Richard Alexander and Stern Lauren
Bought by
Worth Jason and Worth Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,189
Interest Rate
4.32%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2007
Sold by
Wood Anne N
Bought by
Stern Richard Alexander

Purchase Details

Closed on
Mar 12, 1998
Sold by
Hofman Richard J and Hofman Jo V
Bought by
Wood David P and Wood Anne N

Purchase Details

Closed on
Aug 19, 1994
Sold by
Moebus Jo Vance and Hofman Richard John
Bought by
Moebus Jo Vance and Hofman Richard John

Purchase Details

Closed on
Jul 29, 1994
Sold by
Moebus Jo Vance
Bought by
Hofman Richard John
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sullivan Jonathan P $485,000 P & P Title Services Llc
Worth Jason $387,000 Sunbelt Title Agency
Stern Richard Alexander $550,000 Attorney
Wood David P $256,800 --
Moebus Jo Vance -- --
Hofman Richard John $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Jonathan P $436,500
Previous Owner Worth Jason $377,189
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2013 09/18/13 Sold $485,000 -2.8% $195 / Sq Ft
08/16/2013 08/16/13 Pending -- -- --
08/09/2013 08/09/13 For Sale $499,000 0.0% $201 / Sq Ft
07/30/2013 07/30/13 Pending -- -- --
07/24/2013 07/24/13 For Sale $499,000 -- $201 / 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 $8,311 $492,247 -- --
2024 $7,965 $478,375 -- --
2023 $7,965 $464,442 $0 $0
2022 $7,683 $450,915 $0 $0
2021 $7,669 $437,782 $0 $0
2020 $7,520 $431,738 $0 $0
2019 $7,351 $422,032 $0 $0
2018 $7,032 $414,163 $0 $0
2017 $11,287 $405,645 $0 $0
2016 $6,975 $397,302 $0 $0
2015 $7,099 $394,541 $0 $0
2014 $7,184 $391,410 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Adams

    Seller's Agent in 2013

    Melissa Adams

    RE/MAX

    (305) 720-8878

    1 in this area

    73 Total Sales

    Melissa Adams
    Section Image

  • M

    Buyer's Agent in 2013

    M. Sean Reichert

    MMLS Assoc.-Inactive Member

    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A1818856

MIAMI REALTORS® MLS

APN: 33-5026-008-0030

Florida Miami/Dade County Palmetto Bay 33157

7502 SW 166th Terrace, Palmetto Bay, FL

This home is located at 7502 SW 166th Terrace, Palmetto Bay, FL 33157 since 24 July 2013 and is currently estimated at $1,201,236, approximately $483 per square foot. This property was built in 1970. 7502 SW 166th 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.

Nearby Homes