NOT LISTED FOR SALE

8605 SW 162nd St Palmetto Bay, FL 33157

Estimated Value: $957,000 - $1,365,000

3 Beds
2 Baths
1,797 Sq Ft
$637/Sq Ft Est. Value

Last Sold October 03, 2019

Last sale price $512,000 $285 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $7,059/month

3 Days on Market

Highlights

  • In Ground Pool
  • Pool View
  • 2 Car Attached Garage
  • Coral Reef Elementary School Rated A
  • No HOA
  • Eat-In Kitchen

About This Home

As of October 2019

Tucked away on a no traffic street sits this prime Palmetto Bay home with new pool/patio. Enter into large living and dining rooms, eat in kitchen, spacious family room off kitchen and good sized bedrooms. House opens to screened back porch overlooking pool and totally private fenced yard. Roof is 5 years old, 7 year old AC and electric panel redone in 2010. Great location for quiet family living.

Last Agent to Sell the Property

Wendy Levy-Jackson

Compass Florida, LLC License #0342767 Listed on: 08/05/2019

Compass Florida, LLC

Last Buyer's Agent

Luis Alvarez

The Keyes Company License #3081824

The Keyes Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,646

Year Built

  • Built in 1969

Lot Details

  • 0.35 Acre Lot
  • South Facing Home
  • Property is zoned 2100

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,797 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Carpet
  • Pool Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool

Schools

  • Coral Reef Elementary School
  • Southwood Middle School
  • Miami Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Coral Reef Estates 5Th Ad Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33-50-27-021-0070

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,646

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1969
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: CORAL REEF ESTATES 5TH AD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Family Room
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet
  • Furnished: Unfurnished
  • Living Area: 1797
  • Possible Use: Primary
  • Window Features: Hurricane Shutters
  • Bedroom Features: Entry Level
  • Dining Room Features: Eat-In Kitchen, Snack Bar/Counter
  • Living Room Features: Family Room
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • Roof: Shingle
  • View: Pool
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Screened Porch
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CORAL REEF ESTATES 5TH AD
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Slab/Strip

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Coral Reef
  • High School: Miami Palmetto
  • Middle Or Junior School: Southwood

Lot Info

  • Parcel Number: 33-50-27-021-0070
  • Lot Size Sq Ft: 15250
  • Zoning: 2100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4646

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2019
Closed on
Oct 1, 2019
Sold by
Alexander Steven John and Rader Meighan J
Bought by
Alvarez Miguel A
Seller's Agent
Wendy Levy-Jackson
Compass Florida, LLC
Buyer's Agent
Luis Alvarez
The Keyes Company
List Price
$525,000
Sold Price
$512,000
Premium/Discount to List
-$13,000
-2.48%
Current Estimated Value
$1,143,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$631,806
Avg. Annual Appreciation
14.18%
Original Mortgage
$460,800
Outstanding Balance
$403,684
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$740,122

Purchase Details

Closed on
Jan 19, 2007
Sold by
Scheidl Eleanor J
Bought by
Alexander Steven John and Rader Meighan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.05%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 18, 1996
Sold by
Scheidl Bernard A and Scheidl Eleanor J
Bought by
Scheidl Tr Eleanor J
Source: Public Records

Range of Values:

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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
Alvarez Miguel A $512,000 Attorney
Alexander Steven John $475,000 Attorney
Scheidl Tr Eleanor J $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Miguel A $460,800
Previous Owner Alexander Steven John $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2019 10/03/19 Sold $512,000 -2.5% $285 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
08/05/2019 08/05/19 For Sale $525,000 -- $292 / 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 $12,726 $499,554 -- --
2024 $12,376 $485,476 -- --
2023 $12,376 $471,336 $0 $0
2022 $12,081 $457,608 $0 $0
2021 $12,067 $444,280 $257,125 $187,155
2020 $7,928 $414,370 $226,875 $187,495
2019 $4,864 $283,693 $0 $0
2018 $4,646 $278,404 $0 $0
2017 $4,627 $272,678 $0 $0
2016 $4,593 $267,070 $0 $0
2015 $4,670 $265,214 $0 $0
2014 $4,724 $263,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wendy Levy-Jackson

    Seller's Agent in 2019

    Wendy Levy-Jackson

    Compass Florida, LLC

    (305) 389-3959

    5 in this area

    9 Total Sales

    Wendy Levy-Jackson
    Section Image
  • Luis Alvarez

    Buyer's Agent in 2019

    Luis Alvarez

    The Keyes Company

    (786) 942-7712

    8 in this area

    62 Total Sales

    Luis Alvarez
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10718541

MIAMI REALTORS® MLS

APN: 33-5027-021-0070

Florida Miami/Dade County Palmetto Bay 33157

8605 SW 162nd St, Palmetto Bay, FL

This home is located at 8605 SW 162nd St, Palmetto Bay, FL 33157 since 05 August 2019 and is currently estimated at $1,143,806, approximately $636 per square foot. This property was built in 1969. 8605 SW 162nd St 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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