NOT LISTED FOR SALE

Estimated Value: $1,395,686 - $1,563,000

4 Beds
2 Baths
1,900 Sq Ft
$795/Sq Ft Est. Value

Last Sold October 28, 2024

Last sale price $1,525,000 $803 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $9,539/month

109 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • Coconut Grove Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of October 2024

Charming Coconut Grove Duplex – Prime Redevelopment Opportunity!!!! This income-producing duplex in the heart of Coconut Grove is ready to be transformed into two luxury townhomes or even a fourplex. Each unit currently features 2 bedrooms and 1 bathroom and is in great condition, with tenants on a month-to-month basis. The possibilities are endless for your next Coconut Grove investment. This property offers unparalleled convenience, within walking distance to all the vibrant amenities Coconut Grove has to offer. Easy access to US1 and just minutes from the airport and beaches. Don’t miss out on this exceptional opportunity. Call today to set up an appointment to view this promising property!

Last Listed By

Nayla Benitez

BHHS EWM Realty License #0673434 Listed on: 07/10/2024

BHHS EWM Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,432

Year Built

  • Built in 1967

Lot Details

  • 7,492

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Palm Terrace Condos
  • Palm Terrace Subdivision

Listing and Financial Details

  • Rent includes pest control, sewer, water
  • Assessor Parcel Number 01-41-16-029-0390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,432

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1967
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: PALM TERRACE
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Ceramic Floor
  • Living Area: 1900
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Other
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PALM TERRACE
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • 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: 01-41-16-029-0390
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Pest Control, Sewer, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13432

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2024
Closed on
Dec 6, 2024
Sold by
Austral Wynwood Development Corp and Cabsha Corp
Bought by
Austral Wynwood Development Corp
Seller's Agent
Nayla Benitez
BHHS EWM Realty
Buyer's Agent
Alejandra Perez
One Sotheby's International Realty
List Price
$1,750,000
Sold Price
$1,525,000
Premium/Discount to List
-$225,000
-12.86%
Total Days on Market
109
Views
8
Current Estimated Value
$1,511,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,578
Avg. Annual Appreciation
-3.44%

Purchase Details

Listed on
Jul 10, 2024
Closed on
Oct 17, 2024
Sold by
Bonilla Angela
Bought by
Cabsha Corp
Seller's Agent
Nayla Benitez
BHHS EWM Realty
Buyer's Agent
Alejandra Perez
One Sotheby's International Realty
List Price
$1,750,000
Sold Price
$1,525,000
Premium/Discount to List
-$225,000
-12.86%
Views
8

Purchase Details

Closed on
Feb 9, 2010
Sold by
Coco Arc Llc
Bought by
Bonilla Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,900
Interest Rate
5.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2005
Sold by
Howe Danny and Howe Daniel L
Bought by
Coco Arc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,200
Interest Rate
5.69%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 21, 1995
Sold by
Chabrow Penn B
Bought by
Howe Danny and Howe Daniel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
7.93%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Austral Wynwood Development Corp -- None Listed On Document
Cabsha Corp $1,525,000 None Listed On Document
Bonilla Angela $257,000 Attorney
Coco Arc Llc $450,000 Attorney
Howe Danny $162,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bonilla Angela $179,900
Previous Owner Coco Arc Llc $333,200
Previous Owner Howe Danny $129,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $1,525,000 -10.0% $803 / Sq Ft
08/01/2024 08/01/24 Price Changed $1,695,000 -3.1% $892 / Sq Ft
07/10/2024 07/10/24 For Sale $1,750,000 0.0% $921 / Sq Ft
01/01/2019 01/01/19 Rented $2,200 0.0% --
12/02/2018 12/02/18 Under Contract -- -- --
11/29/2018 11/29/18 For Rent $2,200 -- --
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
2024 $13,432 $617,384 -- --
2023 $13,432 $561,259 $0 $0
2022 $12,484 $510,236 $0 $0
2021 $10,615 $463,851 $450,000 $13,851
2020 $10,639 $463,851 $450,000 $13,851
2019 $10,662 $463,851 $450,000 $13,851
2018 $10,476 $463,860 $450,000 $13,860
2017 $10,589 $463,979 $0 $0
2016 $7,526 $351,597 $0 $0
2015 $7,658 $351,674 $0 $0
2014 $5,926 $221,713 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11620578

MIAMI REALTORS® MLS

APN: 01-4116-029-0390