Seller's Agent in 2024
Jorge Guanche
Compass Florida, LLC
(786) 223-1117
1 in this area
35 Total Sales
985 SE 1st St Hialeah, FL 33010
Essex Village NeighborhoodEstimated Value: $568,000 - $654,000
5
Beds
3
Baths
2,012
Sq Ft
$303/Sq Ft
Est. Value
Highlights
- No HOA
- Central Heating and Cooling System
- 1-Story Property
- Tile Flooring
- Ceiling Fan
- 4-minute walk to Cuban Culture in Exile Heritage Park
About This Home
As of March 2024Introducing a Hialeah gem! This duplex, situated at the end of a cul-de-sac, awaits your vision. Unit 1 offers 2 bedrooms and 1 bathroom, while Unit 2 boasts 3 bedrooms and 2 bathrooms, both currently leased below market value. Huge upside potential: These units are ready for your creative touch, offering the potential to unlock their true value. With market rents in the area soaring to $2,400 for the 2/1 and $3,200 for the 3/2, your investment possibilities are limitless. Estimated pro-forma cap rate of 8-10%. Whether you're a seasoned investor looking to maximize rental income or a homeowner seeking additional income from one of the units, this property fits the bill perfectly.
Last Agent to Sell the Property
Compass Florida, LLC License #3139563 Listed on: 10/19/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,491
Year Built
- Built in 1958
Lot Details
- 6,316
Parking
- 4 Parking Spaces
Home Design
- Duplex
- Shingle Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 2,012 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 2 Units
- Hialeah 54Th Street Addn Condos
- Hialeah 54Th Street Addn Subdivision
Listing and Financial Details
- Assessor Parcel Number 04-31-20-041-0040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2023
Closed on
Mar 8, 2024
Sold by
Rodriguez Family Trust and Sanchez Pauline
Bought by
Plasencia Yoan Antonio Gonz
Seller's Agent
Jorge Guanche
Compass Florida, LLC
Buyer's Agent
Yamili Fernandez
Prestige Luxury Realty LLC
List Price
$589,000
Sold Price
$605,000
Premium/Discount to List
$16,000
2.72%
Views
178
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,952
Avg. Annual Appreciation
0.40%
Original Mortgage
$453,750
Outstanding Balance
$445,776
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$164,176
Purchase Details
Closed on
Sep 29, 2021
Sold by
Rodriguez and Julio
Bought by
Rodriguez Family Trust
Purchase Details
Closed on
Jul 1, 2021
Sold by
Rodriguez Julio and Rodriguez Margarita
Bought by
Rodriguez Deborah and Rodriguez Julio
Purchase Details
Closed on
Feb 6, 2008
Sold by
Rodriguez Julio and Rodriguez Margarita
Bought by
Rodriguez Deborah and Rodriguez Julio
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Plasencia Yoan Antonio Gonz | $605,000 | Absolute Title Group | |
| Rodriguez Family Trust | -- | Harris Ana C | |
| Rodriguez Deborah | -- | Attorney | |
| Rodriguez Deborah | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Plasencia Yoan Antonio Gonz | $453,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/11/2024 03/11/24 | Sold | $605,000 | +2.7% | $301 / Sq Ft |
| 11/17/2023 11/17/23 | Pending | -- | -- | -- |
| 10/19/2023 10/19/23 | For Sale | $589,000 | -- | $293 / Sq Ft |
Source: MIAMI REALTORS® MLS
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 | $8,727 | $504,124 | $335,503 | $168,621 |
| 2024 | $7,738 | $436,141 | -- | -- |
| 2023 | $7,738 | $396,492 | $0 | $0 |
| 2022 | $6,761 | $360,448 | $161,299 | $199,149 |
| 2021 | $5,245 | $265,788 | $0 | $0 |
| 2020 | $5,081 | $299,353 | $148,220 | $151,133 |
| 2019 | $4,777 | $292,562 | $141,136 | $151,426 |
| 2018 | $4,218 | $264,587 | $128,331 | $136,256 |
| 2017 | $3,884 | $181,538 | $0 | $0 |
| 2016 | $3,557 | $165,035 | $0 | $0 |
| 2015 | $3,051 | $150,032 | $0 | $0 |
| 2014 | $2,770 | $136,393 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jorge Guanche
-
Yamili Fernandez
Buyer's Agent in 2024
Yamili Fernandez
Prestige Luxury Realty LLC
(786) 487-8396
2 in this area
11 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11472274
APN: 04-3120-041-0040
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