NOT LISTED FOR SALE

Estimated Value: $548,000 - $709,000

6 Beds
3 Baths
2,238 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $625,000 $279 Per Sq Ft

Current estimated payment $4,292/month

22 Days on Market

Highlights

  • No HOA
  • Shed
  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Fenced

About This Home

As of June 2022

AMAZING INVESTMENT OPPORTUNITY. This property features two separate structures. The front unit is a free-standing single house which contains 3 bedrooms and 2 bathrooms. It is now currently divided as a 1/1 and a 2/1. Rear structure has new Central AC and features 3 bedrooms/ 2 bathrooms. Each unit has a private patio and comes with a parking spot. All units are currently rented out for a total of $4500 monthly (below market) and tenants can stay or move out prior to closing. Property is in an amazing location, close to the MIA airport, Wynwood, Jackson Memorial Hospital, and all major expressways. Could become a vacation rental/ Airbnb hot spot in the future which would double your income.

Last Agent to Sell the Property

William Alvarez

Sterling One Realty, Inc. License #3267685 Listed on: 04/12/2022

Co-Listed By

Ashley Alvarez

Sterling One Realty, Inc. License #3307694

Last Buyer's Agent

Italo Angelini

Sterling One Realty, Inc. License #3479341

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,403

Year Built

  • Built in 1924

Lot Details

  • Fenced
  • Property is zoned 5700

Parking

  • 4 Parking Spaces

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,238 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Outdoor Features

  • Shed

Utilities

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

Community Details

  • No Home Owners Association
  • Mead Lawn Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 01-31-27-020-0180

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,403

Year Built

Built in 1924

Lot Details

8,756 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1924
  • Property Sub Type: Triplex
  • Architectural Style: Detached
  • Co List Office Mls Id: STRL01
  • Co List Office Phone: 305-285-2322
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex, Triplex
  • Subdivision Name: MEAD-LAWN
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2238
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Extra Building/Shed
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MEAD-LAWN
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • 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: 01-31-27-020-0180
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7403

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Jun 3, 2022
Sold by
Castro Luisa R
Bought by
Rodriguez Ricardo
Seller's Agent
William Alvarez
Sterling One Realty, Inc.
Buyer's Agent
Italo Angelini
Sterling One Realty, Inc.
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$627,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,283
Avg. Annual Appreciation
0.10%
Original Mortgage
$468,750
Outstanding Balance
$442,725
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$184,558

Purchase Details

Closed on
Jul 2, 2014
Sold by
Fernandez Luisa
Bought by
Fernandez Luisa and Castro Luis R
Source: Public Records
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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
Rodriguez Ricardo $625,000 First Class Title
Fernandez Luisa -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Ricardo $468,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2022 06/03/22 Sold $625,000 0.0% $279 / Sq Ft
05/05/2022 05/05/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $625,000 -- $279 / 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 $12,339 $609,821 $324,120 $285,701
2024 $11,617 $577,992 $289,303 $288,689
2023 $11,617 $528,151 $236,474 $291,677
2022 $8,038 $343,915 $0 $0
2021 $7,403 $312,650 $175,469 $137,181
2020 $2,678 $203,843 $0 $0
2019 $2,403 $183,468 $0 $0
2018 $0 $176,193 $0 $0
2017 $1,876 $117,522 $0 $0
2016 $1,728 $110,252 $0 $0
2015 $1,880 $104,221 $0 $0
2014 $1,880 $98,664 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11188530

MIAMI REALTORS® MLS

APN: 01-3127-020-0180

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