NOT LISTED FOR SALE

8551 SW 140th Terrace Palmetto Bay, FL 33158

Estimated Value: $1,316,000 - $1,510,000

3 Beds
2 Baths
2,658 Sq Ft
$524/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $735,000 $277 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $8,612/month

5 Days on Market

Highlights

  • Home fronts navigable water
  • In Ground Pool
  • Canal View
  • Howard Drive Elementary School Rated A-
  • RV or Boat Parking
  • Vaulted Ceiling

About This Home

As of September 2020

Feel right at home in this beautiful 3,106 sq ft, three bedrooms, two-bathroom home. This pool home is in the sought after Palmetto Bay area, just minutes away from The Falls. The house is situated in a quiet cul-de-sac on an oversized 19,123 sq ft corner lot, featuring beautiful mature landscaping w/ a view out to the pool/spa and canal front. There is room for all your toys, with a two-car garage, roundabout driveway, and double gate to park your boat or RV. This one-story, w/ a large kitchen, updated guest bath, wood-burning fireplace, accordion shutters throughout, split A\C’s, builtin bar, builtin office in master, separate his & hers walk-in closets, large and bright rooms. Palmetto Bay is home near excellent schools. *Chandelier is excluded in the sale of the home.

Last Agent to Sell the Property

Brittani Brookins

Luxe Properties License #3346157 Listed on: 08/27/2020

Luxe Properties

Co-Listed By

Raquel Brookins

Coldwell Banker Realty License #3326948

Last Buyer's Agent

Iris Vigoa

Mutual Trust Realty License #3293654

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,612

Year Built

  • Built in 1984

Lot Details

  • 0.44 Acre Lot
  • 800 Ft Wide Lot
  • Home fronts navigable water
  • Home fronts a canal
  • Cul-De-Sac
  • South Facing Home
  • Fenced
  • Oversized Lot
  • Property is zoned 2100

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking
  • RV or Boat Parking

Property Views

  • Canal
  • Pool

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,658 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Blinds
  • Bay Window
  • Entrance Foyer
  • Family Room
  • Utility Room in Garage
  • Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Trash Compactor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Roman Tub
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry in Garage
  • Dryer

Home Security

  • Partial Accordion Shutters
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Patio
  • Porch

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Banyan Cove Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33-50-22-053-0060

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,612

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Co List Office Mls Id: CBRE11
  • Co List Office Phone: 305-253-2800
  • Directions: GPS
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: BANYAN COVE ESTATES
  • Year Built Details: Unknown
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven
  • Interior Amenities: First Floor Entry, Cooking Island, Entrance Foyer, Pantry, Roman Tub, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Family Room, Utility/Laundry In Garage
  • Spa Yn: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 2658
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Window Features: Partial Accordian Shutters, Bay Window(s), Blinds
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Master Bedroom Ground Level, Other
  • Dining Room Features: Breakfast Area
  • Living Room Features: Family Room, Utility/Laundry In Garage
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • Roof: Barrel Roof
  • View: Canal, Pool
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Cul-De-Sac, East Of US 1, Oversized Lot
  • Patio And Porch Features: Open Porch, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Pool/No Ocean Access, Canal Front, Navigable Water
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BANYAN COVE ESTATES
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Rv/Boat Parking

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Electric: Fuse Box
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: In Garage
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 33-50-22-053-0060
  • Lot Size Sq Ft: 19123
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7612

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Sep 21, 2020
Sold by
Serig Maria C
Bought by
Godinez Marco Antonio Faustluos and Rodriguez Anays Urda
Seller's Agent
Brittani Brookins
Luxe Properties
Buyer's Agent
Iris Vigoa
Mutual Trust Realty
List Price
$750,000
Sold Price
$735,000
Premium/Discount to List
-$15,000
-2%
Current Estimated Value
$1,391,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$656,855
Avg. Annual Appreciation
15.47%

Purchase Details

Closed on
Apr 7, 2018
Sold by
Padron Gustavo B and Padron Gisela
Bought by
Serig Maria C

Purchase Details

Closed on
Oct 25, 2012
Sold by
Padron Gustavo B and Padron Gisela
Bought by
Padron Gustavo B and Padron Gisela

Purchase Details

Closed on
Oct 7, 2011
Sold by
Serig Charles E and Serig Maria C
Bought by
Padron Gustavo B and Padron Gisela

Purchase Details

Closed on
Dec 27, 2002
Sold by
Nemeth Patrick J and Nemeth Rosemarie
Bought by
Serig Charles and Serig Maria Del Carmen

Purchase Details

Closed on
Jul 20, 2000
Sold by
Bathurt Jean Y and Bathurt Gladys T
Bought by
Nemeth Patrick J and Nemeth Rosemarie

Purchase Details

Closed on
Aug 21, 1997
Sold by
Richard and Loeb Tham
Bought by
Bathurt Jean Yves

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
7.5%
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
Godinez Marco Antonio Faustluos $735,000 Attorney
Serig Maria C -- Attorney
Padron Gustavo B -- Attorney
Padron Gustavo B -- Attorney
Serig Charles $425,000 --
Nemeth Patrick J $343,000 --
Bathurt Jean Yves $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bathurt Jean Yves $233,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2020 09/23/20 Sold $735,000 -2.0% $277 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $750,000 -- $282 / 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 $14,361 $850,203 -- --
2024 $13,874 $826,242 -- --
2023 $13,874 $802,177 $0 $0
2022 $13,417 $778,813 $358,292 $420,521
2021 $10,759 $568,373 $307,107 $261,266
2020 $7,786 $446,586 $0 $0
2019 $7,612 $436,546 $0 $0
2018 $7,283 $428,407 $0 $0
2017 $7,259 $419,596 $0 $0
2016 $7,225 $410,966 $0 $0
2015 $7,353 $408,110 $0 $0
2014 $7,442 $404,872 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10917504

MIAMI REALTORS® MLS

APN: 33-5022-053-0060