NOT LISTED FOR SALE

Estimated Value: $534,590 - $774,000

4 Beds
2 Baths
1,518 Sq Ft
$435/Sq Ft Est. Value

Last Sold October 24, 2022

Last sale price $590,000 $389 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,041/month

69 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Ceiling Fan
  • Cooling Available

About This Home

As of October 2022

T4-O Zoning - Highest and Best Use would be a 6 Unit Multifamily. You can buy and hold with tenants already there or you can develop land for rental income. Just a couple of blocks from Wynwood. Get market rents in up and coming Allapatah area!! Currently rented as a triplex but is a duplex as per owner. Property Sold As Is Conditions.

Last Agent to Sell the Property

Rene Perez

Florida Realty of Miami Corp License #3197534 Listed on: 06/22/2022

Florida Realty of Miami Corp

Last Buyer's Agent

Claudia Gomez

Keller Williams Legacy License #3013450

Keller Williams Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,505

Year Built

  • Built in 1928

Lot Details

  • 5,009

Home Design

  • Duplex
  • Flat Tile Roof

Interior Spaces

  • 1,518 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • 3 Units
  • Bon Aire Condos
  • Bon Aire Subdivision

Listing and Financial Details

  • Rent includes trash collection, water
  • Assessor Parcel Number 01-31-26-051-0470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,505

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1928
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: BON AIRE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 1518
  • Possible Use: Investment
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Park Building Name: BON AIRE

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Other
  • 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: 01-31-26-051-0470
  • Zoning: 4801
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection, Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3505

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Oct 21, 2022
Sold by
Urrea Henry A
Bought by
Banizar Properties Llc
Seller's Agent
Rene Perez
Florida Realty of Miami Corp
Buyer's Agent
Claudia Gomez
Keller Williams Legacy
List Price
$650,000
Sold Price
$590,000
Premium/Discount to List
-$60,000
-9.23%
Views
10
Current Estimated Value
$660,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,648
Avg. Annual Appreciation
3.83%
Original Mortgage
$399,840
Outstanding Balance
$386,444
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$274,204

Purchase Details

Closed on
Dec 19, 2018
Sold by
Urrea Jose Luis
Bought by
Urrea Henry A

Purchase Details

Closed on
Jun 17, 2003
Sold by
Federal National Mortgage Association
Bought by
Urrea Jose L and Urrea Henry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,950
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2003
Sold by
Alvarez Margarita
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 23, 2002
Sold by
Alberto Alvarez I
Bought by
Alvarez Margarita

Purchase Details

Closed on
Jul 16, 1997
Sold by
Hernandez Carmne
Bought by
Alonso Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,736
Interest Rate
7.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Banizar Properties Llc $590,000 Popular Title
Urrea Henry A $100 None Available
Urrea Jose L $125,000 --
Federal National Mortgage Association -- --
Market Street Mortgage Corp -- --
Alvarez Margarita $174,000 --
Ramirez Alberto $109,000 --
Alonso Luis $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banizar Properties Llc $399,840
Previous Owner Urrea Jose L $99,950
Previous Owner Alonso Luis $60,736
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2022 10/24/22 Sold $590,000 -9.2% $389 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $650,000 0.0% $428 / Sq Ft
04/26/2018 04/26/18 Rented $850 0.0% --
04/23/2018 04/23/18 Under Contract -- -- --
04/17/2018 04/17/18 Price Changed $850 -5.6% $2 / Sq Ft
04/04/2018 04/04/18 For Rent $900 -- --
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 $6,791 $301,060 $250,000 $51,060
2024 $7,977 $301,066 $250,000 $51,066
2023 $7,977 $351,071 $300,000 $51,071
2022 $4,005 $137,182 $0 $0
2021 $3,505 $124,711 $0 $0
2020 $3,175 $113,374 $75,000 $38,374
2019 $3,180 $113,374 $75,000 $38,374
2018 $2,829 $113,374 $75,000 $38,374
2017 $2,738 $83,486 $0 $0
2016 $2,691 $75,897 $0 $0
2015 $2,631 $68,998 $0 $0
2014 $2,376 $62,726 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11226709

MIAMI REALTORS® MLS

APN: 01-3126-051-0470