NOT LISTED FOR SALE

8585 SW 148th Terrace Palmetto Bay, FL 33158

Estimated Value: $1,014,000 - $1,309,000

5 Beds
3 Baths
2,123 Sq Ft
$552/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $1,025,000 $483 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,596/month

53 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Patio
  • Coral Reef Elementary School Rated A
  • Closet Cabinetry
  • 1-Story Property

About This Home

As of September 2023

Welcome to this charming home situated in the heart of Palmetto Bay Village! This well-maintained residence boasts a thoughtfully designed layout featuring 5 bedrooms, 3 bathrooms, large living spaces, pool, fenced-in back yard and an oversized two-car garage. It has been recently remodeled with a new kitchen, bathrooms, metal roof (2016), impact windows and backyard fence. This home has everything you and your family needs with great spaces to entertain combining both indoor and outdoor living seamlessly and it is located close to great schools, parks, shopping malls and restaurants.

Last Agent to Sell the Property

Julian Johnston

The Corcoran Group License #3041178 Listed on: 07/17/2023

The Corcoran Group

Co-Listed By

Victor Olaniel

The Corcoran Group License #3329358

Last Buyer's Agent

Doris J. Parham, P.A.

Coldwell Banker Realty License #0197865

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,283

Year Built

  • Built in 1968

Lot Details

  • 0.34 Acre Lot
  • South Facing Home
  • Fenced
  • Property is zoned 2100

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,123 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Carpet

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Closet Cabinetry
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Country Club Grove Part 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33-50-22-035-0060

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,283

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1968
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Co List Office Mls Id: CSMG02
  • Co List Office Phone: 305-395-4982
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: COUNTRY CLUB GROVE PART 3
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Washer
  • Interior Amenities: First Floor Entry, Closet Cabinetry, No Additional Rooms
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Carpet
  • Furnished: Unfurnished
  • Living Area: 2123
  • Possible Use: Unknown/Withheld
  • Window Features: Blinds
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Living Room Features: No Additional Rooms

Exterior Features

  • Roof: Metal Roof
  • View: None
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: COUNTRY CLUB GROVE PART 3
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road, Street Lights

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 33-50-22-035-0060
  • Lot Size Sq Ft: 15008
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4283

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2023
Closed on
Sep 25, 2023
Sold by
Deloras C Volpe Revocable Trust and Volpe Jared M
Bought by
Fernandez David Efren and Fernandez Rose Marie
Seller's Agent
Julian Johnston
The Corcoran Group
Buyer's Agent
Doris J. Parham, P.A.
Coldwell Banker Realty
List Price
$1,150,000
Sold Price
$1,025,000
Premium/Discount to List
-$125,000
-10.87%
Views
97
Current Estimated Value
$1,172,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,758
Avg. Annual Appreciation
7.31%
Original Mortgage
$800,000
Outstanding Balance
$785,912
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$386,846

Purchase Details

Closed on
Jul 22, 2015
Sold by
Volpe Deloras C
Bought by
The Deloras C Volpe Revocable Trust
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
Fernandez David Efren $1,025,000 None Listed On Document
The Deloras C Volpe Revocable Trust -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez David Efren $800,000
Previous Owner Volpe Salvatore R $141,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2023 09/27/23 Sold $1,025,000 -10.9% $483 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $1,150,000 -- $542 / 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 $14,470 $817,474 $540,288 $277,186
2024 $12,066 $832,514 $555,296 $277,218
2023 $12,066 $658,433 $390,208 $268,225
2022 $4,283 $256,910 $0 $0
2021 $4,255 $249,428 $0 $0
2020 $4,174 $245,985 $0 $0
2019 $4,078 $240,455 $0 $0
2018 $3,892 $235,972 $0 $0
2017 $3,874 $231,119 $0 $0
2016 $7,558 $389,160 $0 $0
2015 $3,817 $224,793 $0 $0
2014 -- $223,009 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julian Johnston

    Seller's Agent in 2023

    Julian Johnston

    The Corcoran Group

    (305) 332-2346

    1 in this area

    232 Total Sales

    Julian Johnston
    Section Image
  • Victor Olaniel

    Seller Co-Listing Agent in 2023

    Victor Olaniel

    The Corcoran Group

    (305) 443-2424

    1 in this area

    38 Total Sales

    Victor Olaniel
    Section Image
  • Doris J. Parham, P.A.

    Buyer's Agent in 2023

    Doris J. Parham, P.A.

    Coldwell Banker Realty

    (305) 542-6560

    4 in this area

    26 Total Sales

    Doris J. Parham, P.A.
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11418329

MIAMI REALTORS® MLS

APN: 33-5022-035-0060

Florida Miami/Dade County Palmetto Bay 33158

8585 SW 148th Terrace, Palmetto Bay, FL

This home is located at 8585 SW 148th Terrace, Palmetto Bay, FL 33158 since 17 July 2023 and is currently estimated at $1,172,758, approximately $552 per square foot. This property was built in 1968. 8585 SW 148th Terrace is a home located in Miami-Dade County with nearby schools including Coral Reef Elementary School, Southwood Middle School, and Arthur And Polly Mays Conservatory Of The Arts.

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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