NOT LISTED FOR SALE

8271 SW 171st Terrace Palmetto Bay, FL 33157

Estimated Value: $1,092,000 - $1,466,000

4 Beds
3 Baths
4,218 Sq Ft
$305/Sq Ft Est. Value

Last Sold November 02, 2020

Last sale price $625,000 $148 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $7,530/month

106 Days on Market

Highlights

  • Garden View
  • Electric Shutters
  • Wet Bar
  • Dr. Henry E. Perrine Academy Of The Arts Rated A-
  • Attached Garage
  • Patio

About This Home

As of November 2020

** PRICE REDUCTION* GREAT LOCATION!! Spacious split-floorpan.Situated in a secluded area of Palmetto Bay, with no thru-way traffic! Great for families located in an A+ School district!Home has light and airy ambiance; vaulted ceilings, and wet-service bar, that opens up to the living and dining room. Kitchen has breakfast nook & granite counter tops, spacious family room. Other features: Split HVAC, tankless water heater & LED lights throughout home(energy saver). Front entrance adorned w/ Mediterranean-style fountain & Chicago brick driveway & private road access. Backyard is nicely manicured & great for entertainment w/ covered patio & outdoor pool. Property also features impact widows on the front & west side of home; Majority of windows have electric hurricane shutters

Last Agent to Sell the Property

Carie Negron

Apexone Realty License #3287432 Listed on: 05/20/2020

Last Buyer's Agent

Carie Negron

Apexone Realty License #3287432 Listed on: 05/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,112

Year Built

  • Built in 1990

Lot Details

  • 0.4

Parking

  • Attached Garage

Home Design

  • Property Attached

Interior Spaces

  • Split Bedroom Floorplan
  • 4,218 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Electric Shutters
  • Entrance Foyer
  • Garden Views

Schools

  • Perrine Elementary School

Additional Features

  • Patio
  • Fenced

Listing and Financial Details

  • Assessor Parcel Number 33-50-34-037-0020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,112

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Blogging: Yes
  • Internet Remarks: FABULOUS HOME WITH ELEGANT FEATURES! Make Appointments on Showtime.
  • Municipal Code: 33
  • Property Type: Single Family
  • Section: 34
  • Year Built: 1990
  • Property Sq Ft: 17354
  • Year Built Description: Resale
  • Zoning Information: 2100
  • Flood Zone: AE
  • Furnished Info Sold: Unfurnished
  • Intended Use: Primary
  • Lp Amt Sq Ft: 235.2388
  • Neighborhoods: CUTLER HIGHLANDS
  • Ratio Close Price By List Price: 0.92606
  • Storm Protection: Complete Electric Power Shutters, Complete Impact Glass
  • Style: Pool Only
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Front Exposure: South
  • Bedroom Description: Entry Level, Master Bedroom Ground Level
  • Primary Bathroom Description: Separate Tub & Shower
  • Dining Description: Breakfast Area, Dining/Living Room, Family/Dining Combination
  • Interior Amenities: First Floor Entry, Foyer Entry, Split Bedroom, Vaulted Ceilings, Walk-In Closets, Wet Bar
  • Windows Treatments: High Impact Windows
  • Design: Attached
  • Adjusted Area Sq Ft: 3503
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Cable Available Yn: Yes
  • Design Description: One Story
  • Appliances: Automatic Garage Door Opener, Circuit Breaker, Dishwasher, Disposal, Dryer, Electric Water Heater, Washer/Dryer Hook-Up, Owned Burglar Alarm, Electric Range, Refrigerator, Smoke Detector, Washer
  • Furnished Info: Unfurnished
  • Pool: Yes
  • Sq Ft Liv Area: 2869
  • Total Sq Ft: 4218

Exterior Features

  • View: Garden View
  • Pool: Below Ground Pool, Concrete
  • Construction Type: Concrete Block Construction
  • Roof Description: Barrel Roof
  • Exterior Features: Awnings, Fence, Fruit Trees, Patio, Electric Shutters

Garage/Parking

  • Garage Description: Attached
  • Parking Description: Circular Drive, Covered Parking
  • Garage Spaces: 2

Utilities

  • Sewer Description: Septic Tank
  • Cooling Description: Ceiling Fans, Central Cooling
  • Heating Description: Central Heat

Condo/Co-op/Association

  • Floor Description: Ceramic Floor, Tile Floors
  • Subdivision Complex Bldg: CUTLER HIGHLANDS
  • Housing Older Persons Act: No Hopa
  • Subdivision Information: Public Road, Unpaved Road

Schools

  • Elementary School: Perrine
  • Middle School: Southwood
  • High School: Miami Palmetto
  • Elementary School: Perrine

Lot Info

  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
  • Parcel Number: 33-50-34-037-0020
  • Lot Sq Footage: 17354
  • Parcel Number Mlx: 0020

Rental Info

  • Pet Restriction: Restrictions Or Possible Restrictions
  • Pets Allowed: Yes

Tax Info

  • Tax Information: Tax Reflects Homestead Tax
  • Tax Amount: 7908
  • Tax Year: 2019

MLS Schools

  • Middle School: Southwood
  • High School: Miami Palmetto

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Oct 30, 2020
Sold by
Murphy James and Murphy Bertha Alicia
Bought by
Cili Eric and Cili Pance
Seller's Agent
Carie Negron
Apexone Realty
Buyer's Agent
Carie Negron
Apexone Realty
List Price
$739,900
Sold Price
$625,000
Premium/Discount to List
-$114,900
-15.53%
Current Estimated Value
$1,286,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$661,503
Avg. Annual Appreciation
15.02%
Original Mortgage
$374,000
Outstanding Balance
$334,901
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$902,120

Purchase Details

Listed on
Jan 7, 2011
Closed on
May 31, 2012
Sold by
Acevedo Ricardo
Bought by
Murphy James M
Seller's Agent
Dania Acevedo
MMLS Assoc.-Inactive Member
Buyer's Agent
Sheri Lambert
MMLS Assoc.-Inactive Member
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%
Original Mortgage
$400,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2011
Sold by
Acevedo Ricardo and Acevedo Dania Roberta
Bought by
Acevedo Ricardo

Purchase Details

Closed on
Sep 24, 2007
Sold by
Acevedo Ricardo and Acevedo Dania Roberta
Bought by
Acevedo Ricardo and Acevedo Dania Roberta

Purchase Details

Closed on
May 25, 2007
Sold by
Margulies Anne
Bought by
Acevedo Ricardo and Acevedo Dania Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 1997
Sold by
Associates Relocation Mgmt Co Inc
Bought by
Margulies Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
7.52%
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
Cili Eric $625,000 Attorney
Murphy James M $500,000 --
Acevedo Ricardo -- Attorney
Acevedo Ricardo -- Attorney
Acevedo Ricardo $895,000 Attorney
Margulies Anne $264,000 --
Associates Relocation Mgmt Co Inc $264,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cili Eric $50,000
Open Cili Eric $374,000
Previous Owner Murphy James M $370,800
Previous Owner Murphy James M $400,000
Previous Owner Acevedo Ricardo $300,000
Previous Owner Acevedo Ricardo $294,000
Previous Owner Associates Relocation Mgmt Co Inc $50,000
Previous Owner Associates Relocation Mgmt Co Inc $237,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2020 11/02/20 Sold $625,000 -7.4% $148 / Sq Ft
07/25/2020 07/25/20 Price Changed $674,900 -3.6% $160 / Sq Ft
07/07/2020 07/07/20 Price Changed $699,805 -3.5% $166 / Sq Ft
06/13/2020 06/13/20 Price Changed $724,900 -2.0% $172 / Sq Ft
05/20/2020 05/20/20 For Sale $739,900 +48.0% $175 / Sq Ft
05/31/2012 05/31/12 Sold $500,000 0.0% $142 / Sq Ft
04/11/2012 04/11/12 Pending -- -- --
01/07/2011 01/07/11 For Sale $500,000 -- $142 / 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 $8,112 $480,440 -- --
2024 $7,770 $466,900 -- --
2023 $7,770 $453,301 $0 $0
2022 $7,494 $440,099 $0 $0
2021 $7,479 $427,281 $0 $0
2020 $8,427 $482,235 $0 $0
2019 $8,238 $471,393 $0 $0
2018 $7,884 $462,604 $0 $0
2017 $7,859 $453,090 $0 $0
2016 $7,825 $443,771 $0 $0
2015 $7,965 $440,687 $0 $0
2014 $8,062 $437,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10862381

MIAMI REALTORS® MLS

APN: 33-5034-037-0020