NOT LISTED FOR SALE

Miami, FL 33144

Flagami Neighborhood

Estimated Value: $705,823 - $796,000

2 Beds
1 Bath
2,609 Sq Ft
$289/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $480,000 $184 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,071/month

9 Days on Market

Highlights

  • Waterfront
  • Canal Width 1-80 Feet
  • No HOA
  • Flagami Elementary School Rated A-
  • Wood Flooring
  • Complete Panel Shutters or Awnings

About This Home

As of May 2021

Great opportunity to invest or owner/occupy this income producing property, centrally located in the desirable neighborhood of Flagami. The property holds a main house 3/2, plus three additional rental units. One of the rental units can be used as independent in laws quarters. Current rents are all below market. Long term, month to month tenants in place.

This property is impeccably maintained. Main house has stunning original wood floors, original fireplace, and granite kitchen countertops.

Total lot size is 7500 sq ft on a beautiful canal with 50 feet water frontage.

Offered As Is, Cash only.

Last Agent to Sell the Property

Elena Ben-Tov

Avalon Homes Realty, LLC. License #3218130 Listed on: 04/09/2021

Last Buyer's Agent

Millie Doyle

The Keyes Company License #3288927

The Keyes Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,822

Year Built

  • Built in 1947

Lot Details

  • 50 Ft Wide Lot
  • Waterfront
  • Fenced

Parking

  • 8 Parking Spaces

Home Design

  • Triplex
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,609 Sq Ft Home
  • 1-Story Property
  • Complete Panel Shutters or Awnings

Flooring

  • Wood
  • Ceramic Tile

Outdoor Features

  • Canal Width 1-80 Feet
  • Shed

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 3 Units
  • Flagami Sec A Condos
  • Flagami Sec A Subdivision

Listing and Financial Details

  • Total Actual Rent $2,750
  • Rent includes electricity, hot water, gardener, sewer, trash collection
  • Assessor Parcel Number 01-40-02-003-0560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,822

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1947
  • Property Sub Type: Triplex
  • Architectural Style: Other
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: FLAGAMI SEC A
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor, Wood
  • Living Area: 2609
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Complete Panel Shutters/Awnings, Hurricane Shutters

Exterior Features

  • Roof: Concrete
  • Exterior Features: Fruit Trees
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Extra Building/Shed
  • Patio And Porch Features: Screened Porch
  • Pool Private: No
  • View: No
  • Waterfront Features: Canal Width 1-80 Feet
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: FLAGAMI SEC A
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-40-02-003-0560
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4822

Multi Family

  • Number Of Units In Community: 3
  • Total Actual Rent: 2750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
May 19, 2021
Sold by
Crespo Nilo and Crespo Maria P
Bought by
Isla Verde 2 Corp
Seller's Agent
Elena Ben-Tov
Avalon Homes Realty, LLC.
Buyer's Agent
Millie Doyle
The Keyes Company
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%
Current Estimated Value
$752,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,706
Avg. Annual Appreciation
11.82%
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
Isla Verde 2 Corp $480,000 Attorney
Isla Verde 2 Corp $480,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crespo Nilo $403,500
Previous Owner Crespo Maria P $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $480,000 -4.0% $184 / Sq Ft
04/18/2021 04/18/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $500,000 -- $192 / 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 $11,733 $550,605 $337,500 $213,105
2024 $11,088 $545,630 -- --
2023 $11,088 $496,028 $0 $0
2022 $10,056 $450,935 $262,664 $188,271
2021 $4,963 $239,583 $0 $0
2020 $4,822 $232,357 $0 $0
2019 $4,720 $227,133 $0 $0
2018 $4,550 $222,898 $0 $0
2017 $4,500 $218,314 $0 $0
2016 $4,519 $213,824 $0 $0
2015 $4,560 $212,338 $0 $0
2014 $4,603 $210,653 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elena Ben-Tov

    Seller's Agent in 2021

    Elena Ben-Tov

    Avalon Homes Realty, LLC.

    (305) 710-7174

    1 in this area

    8 Total Sales

    Elena Ben-Tov
    Section Image
  • Millie Doyle

    Buyer's Agent in 2021

    Millie Doyle

    The Keyes Company

    (305) 283-3861

    6 in this area

    56 Total Sales

    Millie Doyle
    Section Image
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Source: MIAMI REALTORS® MLS

MLS Number: A11025422

MIAMI REALTORS® MLS

APN: 01-4002-003-0560

Florida Miami/Dade County Miami 33144

Flagami

This home since 09 April 2021 and is currently estimated at $752,706, approximately $288 per square foot. This property was built in 1947. This home is a home located in Miami-Dade County with nearby schools including Flagami Elementary School, West Miami Middle School, and South 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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