NOT LISTED FOR SALE

7505 SW 31st St Miami, FL 33155

Coral Terrace Neighborhood

Estimated Value: $676,000 - $822,000

3 Beds
2 Baths
2,071 Sq Ft
$365/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $370,000 $179 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $4,774/month

22 Days on Market

Highlights

  • 2 Bedroom Guest House
  • RV or Boat Parking
  • No HOA
  • Emerson Elementary School Rated A-
  • Maid or Guest Quarters
  • Efficiency Studio

About This Home

As of August 2018

Great opportunity for a large family. Single Family Home with 2 in-laws quarter approximately 600 Sq ft, or extra income, with its own private entrance. The in-laws quarter can be easily reconnected to the main house if needed. Interior features open layout 3 bedroom 2 bath 1800 sq ft main house, laundry, new roof, tile floor. Excellent School district. Centrally located close to main Highway, Airport, Hospital, Universities, and Shopping Malls. Owner motivated. Tenant occupied need 24hr for appointment.

Last Agent to Sell the Property

Tania Martinez

Realty Investments Corp. License #3109927 Listed on: 06/22/2018

Last Buyer's Agent

Tania Martinez

Realty Investments Corp. License #3109927 Listed on: 06/22/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,391

Year Built

  • Built in 1952

Lot Details

  • 6,500 Sq Ft Lot
  • West Facing Home
  • Fenced
  • Property is zoned 0100

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,071 Sq Ft Home
  • 1-Story Property
  • Sliding Windows
  • Combination Dining and Living Room
  • Efficiency Studio
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Parking

  • 4 Carport Spaces
  • Circular Driveway
  • On-Street Parking
  • Open Parking
  • RV or Boat Parking

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed

Additional Homes

  • 2 Bedroom Guest House
  • Two Bathroom Guest House
  • Guest House Includes Patio
  • Guest House Includes Kitchen

Schools

  • Everglades Elementary School
  • West Miami Middle School
  • Southwest Miami High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Central Miami Part 7 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-40-14-009-0320

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,391

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1952
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: Best to enter thru Coral Way (24 st) and 75 ave.
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: CENTRAL MIAMI PART 7
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_GuestHouseDescription: 2 Baths, 2 Bedrooms, Efficiency, Kitchen, Patio
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Pantry, Walk-In Closet(s), Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 2071
  • Possible Use: Investment
  • Window Features: Sliding
  • Bedroom Features: Entry Level, Primary Bedroom Ground Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Utility Room/Laundry
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • Roof: Flat Tile
  • View: None
  • Exterior Features: Fruit Trees, Lighting
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Extra Building/Shed
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CENTRAL MIAMI PART 7
  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Rv/Boat Parking, On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry, Washer/Dryer Hook-Up
  • Security: Owned Burglar Alarm, Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Other Subdivision - See Remarks

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Everglades
  • High School: Southwest Miami
  • Middle Or Junior School: West Miami

Lot Info

  • Parcel Number: 30-40-14-009-0320
  • Lot Size Sq Ft: 6500
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5391

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2018
Closed on
Aug 24, 2018
Sold by
Merida Juan J and Merida Neida
Bought by
Cantillo Wilfrido and Cantillo Mercedes
Seller's Agent
Tania Martinez
Realty Investments Corp.
Buyer's Agent
Tania Martinez
Realty Investments Corp.
List Price
$445,000
Sold Price
$370,000
Premium/Discount to List
-$75,000
-16.85%
Current Estimated Value
$754,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,957
Avg. Annual Appreciation
10.50%
Original Mortgage
$296,000
Outstanding Balance
$257,064
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$497,893

Purchase Details

Closed on
Oct 27, 2003
Sold by
Gonzalez Neida
Bought by
Merida Juan J and Merida Neida
Source: Public Records

Range of Values:

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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
Cantillo Wilfrido $370,000 Gst Title & Trust Inc
Merida Juan J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cantillo Wilfrido $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $370,000 -16.9% $179 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $445,000 -- $215 / 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 $9,269 $519,082 -- --
2024 $8,412 $471,893 -- --
2023 $8,412 $428,994 $0 $0
2022 $7,662 $389,995 $0 $0
2021 $6,759 $354,541 $188,292 $166,249
2020 $6,474 $337,339 $170,570 $166,769
2019 $6,219 $322,357 $155,064 $167,293
2018 $5,639 $306,059 $147,588 $158,471
2017 $5,391 $266,442 $0 $0
2016 $5,122 $242,220 $0 $0
2015 $4,728 $220,200 $0 $0
2014 -- $200,182 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tania Martinez

    Realty Investments Corp.

    18 Total Sales

    Tania Martinez
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10490239

MIAMI REALTORS® MLS

APN: 30-4014-009-0320

Florida Miami/Dade County Miami 33155 Coral Terrace

7505 SW 31st St, Miami, FL

This home is located at 7505 SW 31st St, Miami, FL 33155 since 22 June 2018 and is currently estimated at $754,957, approximately $364 per square foot. This property was built in 1952. 7505 SW 31st St is a home located in Miami-Dade County with nearby schools including Emerson Elementary School, West Miami Middle School, and South Miami Senior High School.

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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