NOT LISTED FOR SALE

820 W 40th St Miami Beach, FL 33140

Bayshore Neighborhood

Estimated Value: $2,082,428 - $2,928,000

4 Beds
4 Baths
2,590 Sq Ft
$1,040/Sq Ft Est. Value

Last Sold December 04, 2015

Last sale price $1,200,000 $463 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $16,134/month

654 Days on Market

Highlights

  • Wood Flooring
  • Old Spanish Architecture
  • Central Heating and Cooling System
  • North Beach Elementary School Rated A-
  • No HOA

About This Home

As of December 2015

PRICE IS FIRM. Rental income is simple: Owner pays real estate taxes and Insurance. Tenants pay all other expenses including water and maintenance of the grounds. rents are 5850 per month.

Last Agent to Sell the Property

Eddy Chabli

Ocean First Realty License #0508289 Listed on: 02/18/2014

Last Buyer's Agent

Ymaris Aleman

BHHS EWM Realty License #0661340

BHHS EWM Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,627

Year Built

  • Built in 1940

Lot Details

  • 5,489

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Old Spanish Architecture
  • Double-layered roof that provides insulation

Interior Spaces

  • 2,590 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Garden Sub Amd Pl Condos
  • Garden Sub Amd Pl Subdivision

Listing and Financial Details

  • Rent includes sewer
  • Assessor Parcel Number 02-32-27-015-0350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,627

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Property Sub Type: Duplex
  • Architectural Style: Old Spanish
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: GARDEN SUB AMD PL
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Wood
  • Living Area: 2590
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Roof Over
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: GARDEN SUB AMD PL
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-27-015-0350
  • Zoning: 39/MULTI
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None, Sewer

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 7627

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2014
Closed on
Dec 1, 2015
Sold by
Bank Usa Llc
Bought by
Melkisedec Ii Investments Llc
Seller's Agent
Eddy Chabli
Ocean First Realty
Buyer's Agent
Ymaris Aleman
BHHS EWM Realty
List Price
$975,000
Sold Price
$1,200,000
Premium/Discount to List
$225,000
23.08%
Current Estimated Value
$2,694,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,494,107
Avg. Annual Appreciation
8.51%
Original Mortgage
$358,625
Outstanding Balance
$283,989
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$2,410,118

Purchase Details

Listed on
Jul 29, 2013
Closed on
Sep 11, 2013
Sold by
Malguti Betty
Bought by
Benk Usa Llc
Seller's Agent
Roberto Balcker
Prime Den Real Estate Corporation
Buyer's Agent
Eddy Chabli
Ocean First Realty
List Price
$700,000
Sold Price
$640,000
Premium/Discount to List
-$60,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.56%

Purchase Details

Listed on
Jul 29, 2013
Closed on
Sep 10, 2013
Sold by
Walters Richard N and Walters Joyce L
Bought by
Benk Usa Llc
Seller's Agent
Roberto Balcker
Prime Den Real Estate Corporation
Buyer's Agent
Eddy Chabli
Ocean First Realty
List Price
$700,000
Sold Price
$640,000
Premium/Discount to List
-$60,000
-8.57%

Purchase Details

Listed on
Jul 29, 2013
Closed on
Aug 12, 2013
Sold by
Malguti Betty
Bought by
Walters Richard N and Walters Joyce L
Seller's Agent
Roberto Balcker
Prime Den Real Estate Corporation
Buyer's Agent
Eddy Chabli
Ocean First Realty
List Price
$700,000
Sold Price
$640,000
Premium/Discount to List
-$60,000
-8.57%

Purchase Details

Closed on
Apr 25, 2008
Sold by
Walters Joyce and Walters Richard N
Bought by
Walters Richard N and Walters Joyce L

Purchase Details

Closed on
Mar 15, 1996
Sold by
Darby Helen
Bought by
Darby Helen and Alguti Betty M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Melkisedec Ii Investments Llc $1,200,000 Attorney
Benk Usa Llc -- Attorney
Benk Usa Llc $640,000 Attorney
Walters Richard N -- Attorney
Walters Richard N -- Attorney
Darby Helen $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melkisedec Ii Investments Llc $358,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2015 12/04/15 Sold $1,200,000 +23.1% $463 / Sq Ft
12/04/2015 12/04/15 Pending -- -- --
02/18/2014 02/18/14 For Sale $975,000 +52.3% $376 / Sq Ft
09/12/2013 09/12/13 Sold $640,000 -8.6% $247 / Sq Ft View Prior Sale
07/29/2013 07/29/13 For Sale $700,000 -- $270 / 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 $23,553 $1,309,047 -- --
2024 $20,522 $1,190,043 -- --
2023 $20,522 $1,081,858 $0 $0
2022 $18,479 $983,508 $825,000 $158,508
2021 $17,913 $918,123 $0 $0
2020 $16,159 $834,658 $715,000 $119,658
2019 $16,174 $834,658 $715,000 $119,658
2018 $15,695 $834,658 $715,000 $119,658
2017 $15,894 $834,658 $0 $0
2016 $16,213 $834,658 $0 $0
2015 $11,779 $581,955 $0 $0
2014 $10,749 $529,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Eddy Chabli

    Ocean First Realty

    (917) 548-2000

    8 Total Sales

    Eddy Chabli
    Section Image

  • Y

    Buyer's Agent in 2015

    Ymaris Aleman

    BHHS EWM Realty

    (954) 812-5789

    22 Total Sales

    Ymaris Aleman
    Section Image
  • Roberto Balcker

    Seller's Agent in 2013

    Roberto Balcker

    Prime Den Real Estate Corporation

    (305) 606-1193

    1 in this area

    14 Total Sales

    Roberto Balcker
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1909363

MIAMI REALTORS® MLS

APN: 02-3227-015-0350

Florida Miami/Dade County Miami Beach 33140 Bayshore

820 W 40th St, Miami Beach, FL

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