NOT LISTED FOR SALE

1430 NE 118th Terrace Miami, FL 33161

Estimated Value: $736,753 - $822,000

4 Beds
2 Baths
2,912 Sq Ft
$267/Sq Ft Est. Value

Sale Details

Date Sold: February 7, 2024

Last sale price $810,000 $278 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,092 / mo

65 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

About This Home

As of February 2024

BE A LANDLORD! Legal Duplex in high-demand location, INCOME EARNER with great numbers. Opportunity in emerging Biscayne Court. Within close proximity to public transportation, Wholefoods, Home Depot, Johnson & Wales & Barry University. New Roof 2018. Coin laundry room for extra income. Fully leased with ultra low rents, over 30% rental increase possibilities. Cap Rate 6.65% With current rates and 8.60% Pro-Forma.

Last Agent to Sell the Property

Fernando Grodsinsky

Bricks International Realty, LLC License #3228894 Listed on: 11/27/2023

Last Buyer's Agent

Nicolas Coudene

Globalty Investment LLC License #3389510

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,849

Year Built

  • Built in 1965

Lot Details

  • 9,801

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,912 Sq Ft Home
  • 1-Story Property
  • Single Hung Metal Windows
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Mounted To A Wall or Window
  • Septic Tank

Community Details

  • No Home Owners Association
  • 4 Units
  • Biscayne Court Condos
  • Biscayne Court Subdivision

Listing and Financial Details

  • Rent includes electricity, gardener, sewer, trash collection, water
  • Assessor Parcel Number 30-22-32-020-0430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,849

Year Built

Built in 1965

Lot Details

9,801 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1965
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Directions: Google Maps
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: BISCAYNE COURT
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 2912
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Single Hung Metal

Exterior Features

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

Garage/Parking

  • Park Building Name: BISCAYNE COURT
  • Total Parking Spaces: 4

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-22-32-020-0430
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Gardener, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9849

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Feb 6, 2024
Sold by
Bought by
Seller's Agent
Fernando Grodsinsky
Bricks International Realty, LLC
Buyer's Agent
Nicolas Coudene
Globalty Investment LLC
List Price
$825,000
Sold Price
$810,000
Premium/Discount to List
-$15,000
-1.82%
Views
42
Current Estimated Value
$778,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,812
Avg. Annual Appreciation
-1.69%
Original Mortgage
$607,500
Outstanding Balance
$596,764
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$181,424

Purchase Details

Listed on
Mar 7, 2017
Closed on
May 18, 2017
Sold by
Bought by
Seller's Agent
Diamela Burguera
Central Commercial Real Estate
Buyer's Agent
Diamela Burguera
Central Commercial Real Estate
List Price
$364,999
Sold Price
$305,000
Premium/Discount to List
-$59,999
-16.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$810,000 None Listed On Document
$305,000 Ads Title Services Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $607,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/07/2024 02/07/24 Sold $810,000 -1.8% $278 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
11/27/2023 11/27/23 For Sale $825,000 0.0% $283 / Sq Ft
02/22/2018 02/22/18 Rented $1,400 -5.1% --
02/03/2018 02/03/18 Price Changed $1,475 -1.7% $2 / Sq Ft
01/24/2018 01/24/18 Price Changed $1,500 -6.3% $2 / Sq Ft
01/11/2018 01/11/18 For Rent $1,600 0.0% --
05/19/2017 05/19/17 Sold $305,000 -16.4% $105 / Sq Ft View Prior Sale
04/28/2017 04/28/17 Pending -- -- --
03/08/2017 03/08/17 For Sale $364,999 +19.7% $125 / Sq Ft
03/07/2017 03/07/17 Off Market $305,000 -- --
03/05/2017 03/05/17 For Sale $364,999 -- $125 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,521 $628,608 $401,800 $226,808
2024 $9,849 $476,322 -- --
2023 $9,849 $433,020 $0 $0
2022 $8,275 $393,655 $0 $0
2021 $7,399 $357,869 $0 $0
2020 $6,988 $357,785 $184,023 $173,762
2019 $6,295 $302,145 $128,373 $173,772
2018 $5,614 $268,873 $95,091 $173,782
2017 $4,502 $184,290 $0 $0
2016 $4,159 $167,537 $0 $0
2015 $4,055 $152,307 $0 $0
2014 $3,546 $138,461 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2024

    Fernando Grodsinsky

    Bricks International Realty, LLC

    (305) 439-9201

    2 in this area

    4 Total Sales

    Fernando Grodsinsky
    Section Image
  • Nicolas Coudene

    Buyer's Agent in 2024

    Nicolas Coudene

    Globalty Investment LLC

    (786) 714-3521

    4 in this area

    29 Total Sales

    Nicolas Coudene
    Section Image

  • E

    Buyer's Agent in 2018

    Eddy Dorce

    Grand Realty of America, Corp.

  • Diamela Burguera

    Seller's Agent in 2017

    Diamela Burguera

    Central Commercial Real Estate

    (786) 218-5723

    3 in this area

    59 Total Sales

    Diamela Burguera
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    James Quinlan

    Central Commercial Real Estate

    (786) 218-5723

    5 Total Sales

    James Quinlan
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11491062

MIAMI REALTORS® MLS

APN: 30-2232-020-0430

Florida Miami/Dade County Miami 33161

1430 NE 118th Terrace, Miami, FL

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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