NOT LISTED FOR SALE

8941 SW 225th Terrace Unit 8941 Cutler Bay, FL 33190

Estimated Value: $415,921 - $449,000

3 Beds
2.5 Baths
1,416 Sq Ft
$302/Sq Ft Est. Value

Last Sold May 15, 2017

Last sale price $227,000 $160 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,790/month

7 Days on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Community Pool
  • Vaulted Ceiling
  • Garden View
  • Porch

About This Home

As of May 2017

Step inside this turn key, newer built, extremely well kept and tastefully updated townhouse in the wonderful development of Lakes by the Bay! 3 Bedrooms 2.5 bathrooms, 1 car garage with upgrades throughout! This entire home is in excellent condition and has a great flowing floor plan and layout! Kitchen updated with subway tile backsplash and granite countertops. Entire second floor flooring has been recently replaced and redone! Hurricane impact french doors that lead into the newly paved patio! Wifi Thermostat! Fabulous location close to all major highways, great schools, and tons of restaurants/malls! Priced to Fly!

Last Agent to Sell the Property

Mike Figueiras

The Keyes Company License #3302716 Listed on: 04/11/2017

The Keyes Company

Co-Listed By

Alessondra Archabal

The Keyes Company License #3293858

The Keyes Company

Last Buyer's Agent

Alessondra Archabal

The Keyes Company License #3293858

The Keyes Company

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,722

Year Built

  • Built in 2006

Lot Details

  • 1,830

HOA Fees

  • $66 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener
  • Guest Parking

Home Design

  • Entry on the 1st floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,416 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Garden Views

Kitchen

  • Built-In Oven
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Porch
  • Fenced
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 36-60-16-016-1350

Community Details

Overview

  • Lakes By The Bay Condos
  • Lakes By The Bay Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Community Center
  • Party Room

Recreation

  • Community Playground
  • Community Pool
  • Bike Trail

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Security Guard
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,722

Year Built

Built in 2006

Lot Details

0

HOA Fees

$66 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Property Sub Type: Townhouse
  • Co List Office Mls Id: NMLS04
  • Co List Office Phone: 305-468-7000
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse Fee Simple, Townhouse
  • Subdivision Name: Lakes by the Bay
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Fire Sprinklers, Pantry, Volume Ceilings, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 1416
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Stories: 2
  • Window Features: Hurricane Shutters, Blinds
  • Bedroom Features: Primary Bedroom Upstairs

Exterior Features

  • View: Garden View
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Lakes by the Bay
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 2 Or More Spaces, Guest

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector, Card Entry, Guard At Site, Security Patrol

Condo/Co-op/Association

  • Association Fee: 66
  • Amenities: Bike/Jog Path, Barbecue, Clubhouse-Clubroom, Community Room, Child Play Area, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 36-60-16-016-1350
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 66

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3722

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2022
Sold by
Lim Hyun H and Lim Hyung Je
Bought by
Park Hyun Hwa
Current Estimated Value
$426,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,875
Outstanding Balance
$175,604
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$251,376

Purchase Details

Listed on
Apr 11, 2017
Closed on
May 12, 2017
Sold by
Castineiras Andres and Castineiras Laura
Bought by
Lim Hyun H
Seller's Agent
Mike Figueiras
The Keyes Company
Buyer's Agent
Alessondra Archabal
The Keyes Company
List Price
$229,000
Sold Price
$227,000
Premium/Discount to List
-$2,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$210,900
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2010
Sold by
Lennar Homes Llc
Bought by
Castineiras Andres and Alvarez Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Interest Rate
4.95%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 2009
Sold by
Aurora Loan Services Llc
Bought by
Lennar Homes Llc

Purchase Details

Closed on
Sep 3, 2009
Sold by
Mayorca Mercedes M
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 27, 2006
Sold by
Lennar Homes Inc
Bought by
Mayorca Mercedes M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,992
Interest Rate
1.49%
Mortgage Type
Unknown
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
Park Hyun Hwa -- New Title Company Name
Park Hyun Hwa -- New Title Company Name
Lim Hyun H $227,000 Attorney
Castineiras Andres $180,000 North American Title Company
Lennar Homes Llc $112,500 Albertelli Title Inc
Aurora Loan Services Llc -- None Available
Mayorca Mercedes M $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Hyun Hwa $203,875
Previous Owner Lim Hyun H $210,900
Previous Owner Castineiras Andres $176,739
Previous Owner Mayorca Mercedes M $219,992
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2017 05/15/17 Sold $227,000 -0.9% $160 / Sq Ft
04/18/2017 04/18/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $229,000 -- $162 / 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 $5,823 $208,779 -- --
2024 $5,522 $202,896 -- --
2023 $5,522 $196,987 $0 $0
2022 $5,376 $191,250 $0 $0
2021 $5,331 $185,680 $0 $0
2020 $5,265 $183,117 $0 $0
2019 $5,172 $179,000 $0 $0
2018 $5,084 $179,000 $0 $0
2017 $3,884 $105,441 $0 $0
2016 $3,722 $103,273 $0 $0
2015 $3,732 $102,556 $0 $0
2014 -- $101,743 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10256453

MIAMI REALTORS® MLS

APN: 36-6016-016-1350