NOT LISTED FOR SALE

Estimated Value: $608,454 - $793,000

3 Beds
3 Baths
2,070 Sq Ft
$333/Sq Ft Est. Value

Last Sold February 02, 2021

Last sale price $400,000 $193 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,483/month

6 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Ceiling Fan
  • Patio
  • Central Air
  • Laundry Facilities

About This Home

As of February 2021

At only 10 minutes from Downtown Miami, this duplex with bonus unit features a total of 6 bedrooms and 3 baths. Each of the units features its own full kitchen, family room, full bathroom, and designated parking space. Property has 2 AC units which were both installed within the last 3 years. Property also has connections for 2 washers and 1 dryer bringing another income producing opportunity. Unit has been occupied by these tenants for over the past 20 years without any payment interruptions however current rent is well below market rate.

Last Agent to Sell the Property

Michael Valdes

The Lab Realty Group, LLC License #3479106 Listed on: 12/11/2020

The Lab Realty Group, LLC

Co-Listed By

Livan Bec

Lifestyle International Realty License #3400782

Last Buyer's Agent

Michael Valdes

The Lab Realty Group, LLC License #3479106 Listed on: 12/11/2020

The Lab Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,848

Year Built

  • Built in 1957

Lot Details

  • 4,748

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,070 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Tile
  • Terrazzo

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $2,200
  • Assessor Parcel Number 01-31-34-041-0250

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Ridgeview Condos
  • Ridgeview Subdivision

Additional Features

  • Laundry Facilities
  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,848

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1957
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Co List Office Mls Id: LSIR01
  • Co List Office Phone: 305-809-8085
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: RIDGEVIEW
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile
  • Living Area: 2070
  • Possible Use: Unknown/Withheld
  • Stories: 1
  • Window Features: Hurricane Shutters

Exterior Features

  • Roof: Shingle
  • Exterior Features: Exterior Lights
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RIDGEVIEW
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Green Building Features: Laundry Facility
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-34-041-0250
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Multi Family

  • Net Operating Income: 26400
  • Number Of Units In Community: 3
  • Total Actual Rent: 2200

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5848

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Jan 2, 2021
Sold by
Rodriguez Ignacio and Rodriguez Nydia
Bought by
Duarte Osmani Garcia and Diaz Julio Cabrera
Seller's Agent
Michael Valdes
The Lab Realty Group, LLC
Buyer's Agent
Michael Valdes
The Lab Realty Group, LLC
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Current Estimated Value
$690,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,114
Avg. Annual Appreciation
12.62%
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Duarte Osmani Garcia $400,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duarte Osmani Garcia $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2021 02/02/21 Sold $400,000 -5.9% $193 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/10/2020 12/10/20 For Sale $425,000 -- $205 / 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 $9,010 $388,202 $190,000 $198,202
2024 $9,101 $411,818 $213,750 $198,068
2023 $9,101 $402,430 $0 $0
2022 $8,302 $365,846 $166,250 $199,596
2021 $6,304 $253,912 $0 $0
2020 $5,848 $252,681 $92,625 $160,056
2019 $5,496 $243,769 $83,125 $160,644
2018 $5,018 $227,766 $83,125 $144,641
2017 $4,528 $174,254 $0 $0
2016 $4,338 $158,413 $0 $0
2015 $4,108 $144,012 $0 $0
2014 $3,729 $130,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10969602

MIAMI REALTORS® MLS

APN: 01-3134-041-0250