NOT LISTED FOR SALE

944 Lugo Ave Coral Gables, FL 33156

Gables By The Sea Neighborhood

Estimated Value: $4,194,000 - $5,425,000

4 Beds
3 Baths
3,077 Sq Ft
$1,655/Sq Ft Est. Value

Last Sold December 01, 2015

Last sale price $1,950,000 $634 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $29,644/month

124 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Gated Community
  • Pinecrest Elementary School Rated A
  • Boating
  • Home fronts a canal

About This Home

As of December 2015

Straight shot out to bay! Exceptional position on wide water deep canal. Only property in Coral Gables with ocean access, no bridges and 100 ft of waterfront at this price. Seawall, dock and boatlift. Spacious 1 story home, recently updated large kitchen opens to family room. Lugo Ave enjoys additional 2,000 sq ft of easement on each lot. Gated and guarded community. Best Schools.

Last Agent to Sell the Property

Franco Bianco

Shelton and Stewart REALTORS License #3155226 Listed on: 07/10/2015

Shelton and Stewart REALTORS

Last Buyer's Agent

Ramon Rodriguez

MMLS Assoc.-Inactive Member License #0074646

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,642

Year Built

  • Built in 1971

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 115x100
  • Home fronts a canal
  • North Facing Home
  • Property is zoned 10/S FM

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Open Parking

Home Design

  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,077 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Formal Dining Room
  • Den
  • Tile Flooring
  • Canal Views
  • Intercom Access

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Free-Standing Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Seawall
  • Private Dock

Schools

  • Pinecrest Elementary School
  • Palmetto Middle School
  • Miami Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 03-51-18-006-0180

Community Details

Overview

  • No Home Owners Association
  • 17 18 55 41 Coral Bay Sec,Gables By The Sea Subdivision

Recreation

  • Boating

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,642

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1971
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • Lot Size: 115x100
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: 17-18 55 41 CORAL BAY SEC,GABLES BY THE SEA
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Free-Standing Freezer, Microwave, Gas Range, Refrigerator, Washer
  • Interior Amenities: Other, Den/Library/Office, Family Room
  • Spa Yn: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 3077
  • Other Equipment: Intercom
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Flat Tile
  • View: Canal, Water
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access, Canal Front, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: 17-18 55 41 CORAL BAY SEC
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Boating, Gated Community

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Pinecrest
  • High School: Miami Palmetto
  • Middle Or Junior School: Palmetto

Lot Info

  • Parcel Number: 03-51-18-006-0180
  • Lot Size Sq Ft: 11500
  • Zoning: 10/S FM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 23642

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2018
Sold by
6401 Llc
Bought by
Garcia Rolando B
Current Estimated Value
$5,091,598

Purchase Details

Listed on
Jul 10, 2015
Closed on
Dec 1, 2015
Sold by
Clark Randolph
Bought by
6401 Llc
Seller's Agent
Franco Bianco
Shelton and Stewart REALTORS
Buyer's Agent
Ramon Rodriguez
MMLS Assoc.-Inactive Member
List Price
$2,080,000
Sold Price
$1,950,000
Premium/Discount to List
-$130,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.33%

Purchase Details

Listed on
Dec 23, 2014
Closed on
May 26, 2015
Sold by
Espino Otto and Espino Adelfa
Bought by
Clark Randolph
Seller's Agent
Franco Bianco
Shelton and Stewart REALTORS
Buyer's Agent
Franco Bianco
Shelton and Stewart REALTORS
List Price
$1,950,000
Sold Price
$1,150,000
Premium/Discount to List
-$800,000
-41.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
176.08%
Original Mortgage
$920,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2010
Sold by
Espino Otto and Espino Adelfa
Bought by
Espino Otto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
4.99%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 11, 2004
Sold by
Dade Builders Of Miami Inc
Bought by
Espino Otto
Source: Public Records

Range of Values:

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Average Value
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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
Garcia Rolando B $1,975,000 Attorney
6401 Llc $1,950,000 --
Clark Randolph $1,150,000 None Available
Espino Otto $48,000 Doral Title Corp
Espino Otto -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Rolando B $1,000,000
Previous Owner 6401 Llc $1,250,600
Previous Owner Clark Randolph $920,000
Previous Owner Espino Otto $938,250
Previous Owner Dade Bldr Miami Inc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2015 12/01/15 Sold $1,950,000 -6.3% $634 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
07/10/2015 07/10/15 For Sale $2,080,000 +80.9% $676 / Sq Ft
05/26/2015 05/26/15 Sold $1,150,000 0.0% $317 / Sq Ft
05/06/2015 05/06/15 Pending -- -- --
03/25/2015 03/25/15 Off Market $1,150,000 -- --
03/19/2015 03/19/15 Pending -- -- --
03/19/2015 03/19/15 Price Changed $1,490,000 -23.6% $411 / Sq Ft
12/23/2014 12/23/14 For Sale $1,950,000 -- $538 / Sq Ft
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 $25,396 $1,397,530 -- --
2024 $23,462 $1,358,144 -- --
2023 $23,462 $1,318,587 $0 $0
2022 $23,923 $1,280,182 $0 $0
2021 $23,738 $1,462,231 $1,035,000 $427,231
2020 $31,613 $1,656,908 $1,224,175 $432,733
2019 $31,796 $1,662,409 $1,224,175 $438,234
2018 $31,901 $1,666,293 $1,359,875 $306,418
2017 $30,221 $1,553,822 $0 $0
2016 $30,733 $1,556,338 $0 $0
2015 $23,508 $1,194,456 $0 $0
2014 -- $1,184,977 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Franco Bianco

    Seller's Agent in 2015

    Franco Bianco

    Shelton and Stewart REALTORS

    (305) 801-1695

    1 in this area

    5 Total Sales

    Franco Bianco
    Section Image

  • R

    Buyer's Agent in 2015

    Ramon Rodriguez

    MMLS Assoc.-Inactive Member

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A2143594

MIAMI REALTORS® MLS

APN: 03-5118-006-0180

Florida Miami/Dade County Coral Gables 33156 Gables By The Sea

944 Lugo Ave, Coral Gables, FL

This home is located at 944 Lugo Ave, Coral Gables, FL 33156 since 10 July 2015 and is currently estimated at $5,091,598, approximately $1,654 per square foot. This property was built in 1971. 944 Lugo Ave is a home located in Miami-Dade County with nearby schools including Pinecrest Elementary School, Palmetto Middle School, and Miami Palmetto 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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