NOT LISTED FOR SALE

8550 NE 8th Ct Miami, FL 33138

Upper East Side North Neighborhood

Estimated Value: $798,000 - $1,112,000

4 Beds
4 Baths
1,824 Sq Ft
$543/Sq Ft Est. Value

Last Sold May 23, 2023

Last sale price $725,000 $397 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,529/month

52 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Central Heating and Cooling System
  • Phyllis R. Miller Elementary School Rated 9+
  • Concrete Block With Brick
  • 3-minute walk to North Shorecrest Park

About This Home

As of May 2023

This duplex is located in one of the hottest opportunity zones in Miami, East of Biscayne Blvd, walking distance to Phyllis Ruth Miller Elementary. Very close to the Magic Innovation District, Charming MIMO, Wynwood, and the Design District. This is a great investment opportunity. The Duplex already has impact windows throughout, the roof was replaced in 2019 and the A/C in 2022. One side offers 2 bedrooms 2 bathroom and has been completely renovated. The other side is in its original Deco style with original Florida pine floors and offers 1 bedroom 2 baths and a large Florida and Dining room area that could be converted into a second bedroom like the unit next door. Both sides are currently vacant, rental comps in the area are between $3K to $3.3K per 2 bed/ 2bath.

Last Agent to Sell the Property

Luis Padilla

Realty One Group Royal Oaks License #0699832 Listed on: 03/31/2023

Realty One Group Royal Oaks

Last Buyer's Agent

Anthony Villarreal Chacon

Ancona Real Estate Inc License #3452650

Ancona Real Estate Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,802

Year Built

  • Built in 1949

Lot Details

  • 6,839

Home Design

  • Duplex
  • Concrete Block With Brick
  • Shingle Roof

Interior Spaces

  • 1,824 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Biscayne Heights Condos
  • Biscayne Heights Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 01-32-07-003-0870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,802

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1949
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: BISCAYNE HEIGHTS
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Living Area: 1824
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: Concrete Block With Brick
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BISCAYNE HEIGHTS

Utilities

  • Sewer: Other
  • 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: 01-32-07-003-0870
  • Zoning: 4600
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9802

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
May 23, 2023
Sold by
Blumenthal Olimpia
Bought by
Olsen Cindy and Schaefer Melissa
Seller's Agent
Luis Padilla
Realty One Group Royal Oaks
Buyer's Agent
Anthony Villarreal Chacon
Ancona Real Estate Inc
List Price
$725,000
Sold Price
$725,000
Views
84
Current Estimated Value
$989,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,968
Avg. Annual Appreciation
16.09%
Original Mortgage
$616,250
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2011
Sold by
Hartmann Maria E
Bought by
Blumenthal Olimpia

Purchase Details

Closed on
Mar 30, 2010
Sold by
Hartmann Maria E
Bought by
Hartmann Maria E and Blumenthal Olimpia
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
Olsen Cindy $725,000 Consumers First Title
Blumenthal Olimpia -- Attorney
Hartmann Maria E -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Cindy $616,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Pending -- -- --
05/23/2023 05/23/23 Sold $725,000 0.0% $397 / Sq Ft
03/31/2023 03/31/23 For Sale $725,000 -- $397 / 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 $14,127 $708,992 $513,000 $195,992
2024 $11,010 $709,007 $513,000 $196,007
2023 $11,010 $403,704 $0 $0
2022 $9,802 $366,554 $0 $0
2021 $8,381 $333,231 $0 $0
2020 $7,734 $376,164 $239,400 $136,764
2019 $7,359 $376,164 $239,400 $136,764
2018 $6,621 $341,964 $205,200 $136,764
2017 $6,381 $227,603 $0 $0
2016 $6,265 $206,912 $0 $0
2015 $5,333 $188,102 $0 $0
2014 $4,773 $171,002 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Luis Padilla

    Seller's Agent in 2023

    Luis Padilla

    Realty One Group Royal Oaks

    (305) 785-7805

    1 in this area

    109 Total Sales

    Luis Padilla
    Section Image
  • Anthony Villarreal Chacon

    Buyer's Agent in 2023

    Anthony Villarreal Chacon

    Ancona Real Estate Inc

    (786) 806-4067

    1 in this area

    5 Total Sales

    Anthony Villarreal Chacon
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11364369

MIAMI REALTORS® MLS

APN: 01-3207-003-0870

Florida Miami/Dade County Miami 33138 Upper East Side North

8550 NE 8th Ct, Miami, FL

This home is located at 8550 NE 8th Ct, Miami, FL 33138 since 31 March 2023 and is currently estimated at $989,968, approximately $542 per square foot. This property was built in 1949. 8550 NE 8th Ct is a home located in Miami-Dade County with nearby schools including Phyllis R. Miller Elementary School, Horace Mann Middle School, and Miami Edison 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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