NOT LISTED FOR SALE

8960 SW 40th Terrace Miami, FL 33165

Olympia Heights Neighborhood

Estimated Value: $747,505 - $926,000

2 Beds
2 Baths
2,057 Sq Ft
$416/Sq Ft Est. Value

Last Sold July 01, 2020

Last sale price $500,000 $243 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,554/month

28 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Southwest Miami Senior High School Rated A-
  • Central Heating and Cooling System

About This Home

As of July 2020

Great duplex at an excellent location close to major highways and A rated schools. One unit features 2 bed / 1 bath and is rented for $1900 per month. The other unit is a 3 bed / 1 bath and is rented for $2400 per month. Both are on month to month basis. For more information call listing agent.

Last Agent to Sell the Property

Rodrigo Martinez

Blanco Brothers Realty Inc License #3184030 Listed on: 05/08/2020

Last Buyer's Agent

Elizabeth Coto

One Sotheby's International Realty License #3326787

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,418

Year Built

  • Built in 1968

Lot Details

  • 7,492

Parking

  • 5 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,057 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Olympia Gardens Condos
  • Olympia Gardens Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 30-40-21-003-0240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,418

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1968
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: OLYMPIA GARDENS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2057
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OLYMPIA GARDENS
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-40-21-003-0240
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6418

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2022
Sold by
Salles Nikolas
Bought by
8960-8962 Sw 40 Ter Llc
Current Estimated Value
$855,376

Purchase Details

Listed on
May 8, 2020
Closed on
Jul 1, 2020
Sold by
Arena Milian Ileana and Garcia Mirtha E
Bought by
Salles Nikolas
Seller's Agent
Rodrigo Martinez
Blanco Brothers Realty Inc
Buyer's Agent
Elizabeth Coto
One Sotheby's International Realty
List Price
$499,000
Sold Price
$500,000
Premium/Discount to List
$1,000
0.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%
Original Mortgage
$483,312
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 8, 2015
Closed on
Oct 7, 2015
Sold by
Waterfall Yale Reo 2014 01 Llc
Bought by
Garcia Mirtha E and Arena Milian Ileana
Seller's Agent
Lauri Kassewitz
Yale Real Estate, LLC
Buyer's Agent
Rodrigo Martinez
Blanco Brothers Realty Inc
List Price
$349,900
Sold Price
$330,000
Premium/Discount to List
-$19,900
-5.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%
Original Mortgage
$247,500
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2014
Sold by
Yale Mortgage Corporation
Bought by
Waterfall Yale Reo 2014 & 01 Llc

Purchase Details

Closed on
Jul 12, 2010
Sold by
Perullas Eliana B
Bought by
Yale Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,104
Interest Rate
4.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 14, 2004
Sold by
Perullas Hilda
Bought by
Perullas Eliana B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
8.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 25, 1996
Sold by
Perullas Hilda and Perullas Eliana B
Bought by
Perullas Eliana B and Perullas Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,200
Interest Rate
8.36%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
8960-8962 Sw 40 Ter Llc -- --
Salles Nikolas $500,000 Attorney
Garcia Mirtha E $330,000 Florida Title & Escrow Profe
Waterfall Yale Reo 2014 & 01 Llc $200,000 Florida Title & Escrow Profe
Yale Mortgage Corporation $130,100 None Available
Perullas Eliana B $74,200 Mortgage Information Service
Perullas Eliana B $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salles Nikolas $483,312
Previous Owner Garcia Mirtha E $247,500
Previous Owner Yale Mortgage Corporation $269,104
Previous Owner Perullas Eliana B $270,000
Previous Owner Perullas Eliana B $193,500
Previous Owner Perullas Eliana B $145,000
Previous Owner Perullas Eliana B $108,000
Previous Owner Perullas Eliana B $74,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2020 07/01/20 Sold $500,000 +0.2% $243 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $499,000 +51.2% $243 / Sq Ft
10/30/2015 10/30/15 Sold $330,000 -5.7% $171 / Sq Ft
09/29/2015 09/29/15 Pending -- -- --
06/24/2015 06/24/15 For Sale $349,900 0.0% $181 / Sq Ft
10/10/2012 10/10/12 Rented $1,350 0.0% --
10/10/2012 10/10/12 For Rent $1,350 -- --
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 $11,163 $604,005 -- --
2024 $11,163 $549,096 -- --
2023 $9,647 $499,179 $240,000 $259,179
2022 $8,425 $415,449 $0 $0
2021 $7,648 $377,681 $195,000 $182,681
2020 $6,929 $335,876 $195,000 $140,876
2019 $6,418 $306,080 $165,000 $141,080
2018 $6,227 $307,421 $165,000 $142,421
2017 $5,851 $275,150 $0 $0
2016 $5,386 $250,137 $0 $0
2015 $5,083 $228,757 $0 $0
2014 $4,657 $198,204 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rodrigo Martinez

    Blanco Brothers Realty Inc

    Section Image
  • Elizabeth Coto

    Buyer's Agent in 2020

    Elizabeth Coto

    One Sotheby's International Realty

    (305) 218-6395

    1 in this area

    70 Total Sales

    Elizabeth Coto
    Section Image

  • L

    Seller's Agent in 2015

    Lauri Kassewitz

    Yale Real Estate, LLC

    (305) 532-1400

    4 Total Sales

    Lauri Kassewitz
    Section Image

  • R

    Seller Co-Listing Agent in 2015

    Randy Kassewitz

    Yale Real Estate, LLC

    (305) 532-1400

    Randy Kassewitz
    Section Image
  • Mario Chirino

    Seller's Agent in 2012

    Mario Chirino

    Douglas Elliman

    (786) 253-7653

    2 in this area

    75 Total Sales

    Mario Chirino
    Section Image
  • Miguel Solis

    Seller Co-Listing Agent in 2012

    Miguel Solis

    Douglas Elliman

    (305) 343-9554

    4 in this area

    135 Total Sales

    Miguel Solis
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10856199

MIAMI REALTORS® MLS

APN: 30-4021-003-0240

Florida Miami/Dade County Miami 33165 Olympia Heights

8960 SW 40th Terrace, Miami, FL

This home is located at 8960 SW 40th Terrace, Miami, FL 33165 since 08 May 2020 and is currently estimated at $855,376, approximately $415 per square foot. This property was built in 1968. 8960 SW 40th Terrace is a home located in Miami-Dade County with nearby schools including Banyan Elementary School, Glades Middle School, and Southwest Miami 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.

Nearby Homes