NOT LISTED FOR SALE

8966 SW 40th Terrace Miami, FL 33165

Olympia Heights Neighborhood

Estimated Value: $417,000 - $535,000

0.17 Acre
$2,811,074 Price per Acre
7,500 Sq Ft Lot

Last Sold September 21, 2023

Last sale price $400,000

Est. 21% increase in value since last sale

Current estimated payment $3,088/month

82 Days on Market

Highlights

  • No HOA
  • Southwest Miami Senior High School Rated A-
  • Landscaped with Trees

About This Lot

As of September 2023

Back on the market - lucky you!!! Attention Investors & Developers & Private Owners!!! Rare opportunity to own a prime piece of vacant land in the heart of Miami. This gem measures 7500 sqft. Zoned RU-2 zoning. Located close to downtown Miami, Coral Gables, and Miami Beach. Utilities and electricity on site. NO code violations or liens. Priced to sell quickly!

Last Agent to Sell the Property

Cheryl Spring

MMLS Assoc.-Inactive Member License #3380708 Listed on: 06/19/2023

Last Buyer's Agent

Dmitry Asanov

Suntrust International Realty License #3152615

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,373

Lot Details

  • 7,500 Sq Ft Lot
  • North Facing Home
  • Landscaped with Trees
  • Property is zoned 5700

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 30-40-21-003-0230

Property Details

Property Type

Land

Est. Annual Taxes

$3,373

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • Lot Size Acres: 0.1722
  • New Construction: No
  • Structure Type: Residential
  • Subdivision Name: OLYMPIA GARDENS
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Investment

Exterior Features

  • Direction Faces: North
  • Lot Features: Septic
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OLYMPIA GARDENS

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 30-40-21-003-0230
  • Additional Parcels: No
  • Current Use: Zoned Duplex, Check Land Use Plan
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 7500
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3373

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Sep 21, 2023
Sold by
Americas Hot Dog Llc
Bought by
Hernandez Ricardo
Seller's Agent
Cheryl Spring
MMLS Assoc.-Inactive Member
Buyer's Agent
Dmitry Asanov
Suntrust International Realty
List Price
$445,000
Sold Price
$400,000
Premium/Discount to List
-$45,000
-10.11%
Views
182
Current Estimated Value
$484,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,067
Avg. Annual Appreciation
12.05%

Purchase Details

Closed on
May 10, 2021
Sold by
Graibe Wanda M
Bought by
America S Hot Dog Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2007
Sold by
Martinez Arnoldo and Maldonado Ruby
Bought by
Graibe M Wanda
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Hernandez Ricardo $400,000 Sobi Title
America S Hot Dog Llc -- Epic Title Group
Graibe M Wanda $193,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner America S Hot Dog Llc $125,000
Previous Owner Martinez Arnoldo $101,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2023 09/21/23 Sold $400,000 -10.1% --
09/09/2023 09/09/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $445,000 0.0% --
09/01/2023 09/01/23 Price Changed $445,000 -4.3% --
08/30/2023 08/30/23 Pending -- -- --
06/25/2023 06/25/23 Price Changed $465,000 +27.4% --
06/19/2023 06/19/23 For Sale $365,000 -- --
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 $5,251 $315,000 $315,000 --
2024 $3,868 $307,500 $307,500 --
2023 $3,868 $214,500 $0 $0
2022 $3,373 $195,000 $195,000 $0
2021 $2,521 $106,104 $0 $0
2020 $2,436 $195,000 $195,000 $0
2019 $2,136 $165,000 $165,000 $0
2018 $1,992 $165,000 $165,000 $0
2017 $1,786 $72,472 $0 $0
2016 $1,553 $65,884 $0 $0
2015 $1,351 $59,895 $0 $0
2014 -- $54,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Cheryl Spring

    MMLS Assoc.-Inactive Member

    Section Image

  • D

    Buyer's Agent in 2023

    Dmitry Asanov

    Suntrust International Realty

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11405573

MIAMI REALTORS® MLS

APN: 30-4021-003-0230

Florida Miami/Dade County Miami 33165 Olympia Heights

8966 SW 40th Terrace, Miami, FL

This home is located at 8966 SW 40th Terrace, Miami, FL 33165 since 19 June 2023 and is currently estimated at $484,067. 8966 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.

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