NOT LISTED FOR SALE

7701 SW 181st Terrace Palmetto Bay, FL 33157

Estimated Value: $1,472,185 - $1,499,000

6 Beds
3.5 Baths
3,141 Sq Ft
$473/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $1,261,000 $401 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,365/month

100 Days on Market

Highlights

  • In Ground Pool
  • RV or Boat Parking
  • Breakfast Area or Nook
  • Dr. Henry E. Perrine Academy Of The Arts Rated A-
  • Sun or Florida Room
  • Circular Driveway

About This Home

As of October 2022

Tastefully updated 6 bedroom/3.5 bathroom home in Palmetto Bay. Corner lot, allowing for lots of parking space, including a space for a boat. Beautiful farmhouse/coastal design, complete with indoor bar area, pool, and covered terrace. The large living space is perfect for a large family, however, the warmth and coziness of the home is like no other. The house is immaculate, ready for its next family. Open house will be held on Saturday July 16th and Sunday July 17th from 11 AM to 2:00 PM.

Last Agent to Sell the Property

Daisy Machado Vazquez

Prestige Realty Properties License #3221812 Listed on: 07/12/2022

Last Buyer's Agent

Osmany Linares

Inmobi Realestate & Associates, LLC. License #3298146

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,369

Year Built

  • Built in 1980

Lot Details

  • 0.36 Acre Lot
  • South Facing Home
  • Fenced
  • Property is zoned 2100

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Open Parking
  • RV or Boat Parking

Home Design

  • Substantially Remodeled
  • Shingle Roof

Interior Spaces

  • 3,141 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bar
  • Fireplace
  • Sun or Florida Room
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Closet Cabinetry
  • Dual Sinks

Home Security

  • Partial Panel Shutters or Awnings
  • Partial Impact Glass

Pool

  • In Ground Pool
  • Free Form Pool

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • Club Membership Available
  • Cape Cutler Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33-50-34-023-0610

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,369

Year Built

Built in 1980

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: CAPE CUTLER ESTATES
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Closet Cabinetry, Other, Pantry, Florida Room
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Ceramic Floor, Other, Tile
  • Furnished: Unfurnished
  • Living Area: 3141
  • Possible Use: Primary
  • Window Features: Partial Impact Glass, Partial Panel Shutters/Awnings
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Master Bedroom Ground Level, Other
  • Dining Room Features: Breakfast Area, Other, Snack Bar/Counter
  • Living Room Features: Florida Room, Other
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • Roof: Shingle
  • View: None
  • Exterior Features: Lighting, Other
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground, Free Form
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CAPE CUTLER ESTATES
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Other, Rv/Boat Parking

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air, Other
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Additional Amenities, Other Membership Available
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Other, Voluntary

Lot Info

  • Parcel Number: 33-50-34-023-0610
  • Lot Size Sq Ft: 15600
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8369

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Oct 21, 2022
Sold by
Reilly Thomas P and Reilly Martha
Bought by
Linares Osmany and Veliz Loreto
Seller's Agent
Daisy Machado Vazquez
Prestige Realty Properties
Buyer's Agent
Osmany Linares
Inmobi Realestate & Associates, LLC.
List Price
$1,125,000
Sold Price
$1,261,000
Premium/Discount to List
$136,000
12.09%
Views
8
Current Estimated Value
$1,486,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,546
Avg. Annual Appreciation
5.60%
Original Mortgage
$1,070,589
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2019
Sold by
Luck Of The Irish Holdings Llc
Bought by
Martha Reilly Thomas and Martha Rfeilly

Purchase Details

Listed on
Jan 5, 2016
Closed on
Jun 9, 2016
Sold by
Godwin Henry C and Godwin Joe Ann
Bought by
Irish Holdings Llc
Seller's Agent
Audrey Ross, Ph.D
Compass Florida, LLC
Buyer's Agent
Arturo De Jongh
Riviera Realty Associates Inc
List Price
$589,000
Sold Price
$575,000
Premium/Discount to List
-$14,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%

Purchase Details

Closed on
Jun 29, 1993
Sold by
Bendheim Henry J and Craig Sherrill B
Bought by
Godwin Henry C and Godwin Joe Ann
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
Linares Osmany -- Unlimited Title
Linares Osmany $1,261,000 Unlimited Title
Martha Reilly Thomas -- None Available
Irish Holdings Llc $575,000 Unlimited Title Services Llc
Godwin Henry C $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Linares Osmany $1,070,589
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2022 10/21/22 Sold $1,261,000 +12.1% $401 / Sq Ft
07/12/2022 07/12/22 For Sale $1,125,000 +95.7% $358 / Sq Ft
06/09/2016 06/09/16 Sold $575,000 -2.4% $154 / Sq Ft View Prior Sale
05/11/2016 05/11/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $589,000 -- $157 / 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 $18,711 $1,063,539 $468,000 $595,539
2024 $17,887 $1,076,382 $474,300 $602,082
2023 $17,887 $991,125 $382,500 $608,625
2021 $8,369 $476,492 $0 $0
2020 $8,206 $469,914 $214,200 $255,714
2019 $8,967 $471,871 $214,200 $257,671
2018 $14,883 $501,222 $214,200 $287,022
2017 $14,596 $475,785 $0 $0
2016 $5,275 $304,371 $0 $0
2015 $5,366 $302,256 $0 $0
2014 $5,429 $299,858 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Daisy Machado Vazquez

    Prestige Realty Properties

    (305) 221-2994

    1 in this area

    32 Total Sales

    Daisy Machado Vazquez
    Section Image

  • O

    Buyer's Agent in 2022

    Osmany Linares

    Inmobi Realestate & Associates, LLC.

    (305) 458-8370

    1 in this area

    58 Total Sales

    Osmany Linares
    Section Image
  • Audrey Ross, Ph.D

    Seller's Agent in 2016

    Audrey Ross, Ph.D

    Compass Florida, LLC

    (305) 206-4003

    17 in this area

    231 Total Sales

    Audrey Ross, Ph.D
    Section Image

  • A

    Buyer's Agent in 2016

    Arturo De Jongh

    Riviera Realty Associates Inc

    (305) 662-7449

    4 Total Sales

    Arturo De Jongh
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11239559

MIAMI REALTORS® MLS

APN: 33-5034-023-0610

Florida Miami/Dade County Palmetto Bay 33157

7701 SW 181st Terrace, Palmetto Bay, FL

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