NOT LISTED FOR SALE

Estimated Value: $644,000 - $654,947

5 Beds
3 Baths
2,225 Sq Ft
$293/Sq Ft Est. Value

Last Sold November 07, 2024

Last sale price $640,000 $288 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,482/month

143 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 2-minute walk to Peter Feldman Park
  • Tile Flooring
  • 1-Story Property

About This Home

As of November 2024

3/2, & 2/1 duplex that is located about a mile from the beach. This property has a new roof and new electrical, completed in 2023 with permits. Each unit has its own electric meter and laundry rooms. The parking lot was renovated in 2023. Tenants will love the ample parking options and the unbeatable proximity to a plethora of restaurants, shopping centers, and major highways. Buy & start cash-flowing day one with this property. Seller offering $10,000 towards buyer closing cost.

Last Listed By

Joshua Mathis

Elite Realty Partners, Inc. License #3402342 Listed on: 05/23/2024

Elite Realty Partners, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,086

Year Built

  • Built in 1968

Lot Details

  • 6,186

Parking

  • 5 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,225 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Ocean Drive Estates Condos
  • Ocean Drive Estates Subdivision

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 494201030792

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,086

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1968
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Directions: Use Google Maps
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: OCEAN DRIVE ESTATES
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2225
  • Possible Use: Investment
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: OCEAN DRIVE ESTATES
  • Total Parking Spaces: 5

Utilities

  • Sewer: Other
  • 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: 494201030792
  • Zoning: RD-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9086

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
May 23, 2024
Closed on
Nov 1, 2024
Sold by
325 Se 12 Ave Llc
Bought by
Jame Inc
Seller's Agent
Joshua Mathis
Elite Realty Partners, Inc.
Buyer's Agent
Adrine Penbe
Gruppen Capital Group
List Price
$675,000
Sold Price
$640,000
Premium/Discount to List
-$35,000
-5.19%
Total Days on Market
143
Views
34
Current Estimated Value
$650,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,987
Avg. Annual Appreciation
1.54%

Purchase Details

Closed on
Aug 4, 2022
Sold by
Jam Management Llc
Bought by
325 Se 12 Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2022
Sold by
Harpest Jr Robert E and Harpest Diane M
Bought by
Jam Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
3.56%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 25, 1998
Sold by
Jo Net Inc
Bought by
Harpest Robert E and Harpest Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1988
Sold by
Available Not
Bought by
Available Not

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
Jame Inc $640,000 First American Title Insurance
Jame Inc $640,000 First American Title Insurance
325 Se 12 Ave Llc -- Cooperative Title Agency
Jam Management Llc $365,000 Cooperative Title Agency
Harpest Robert E $110,000 --
Available Not $50,286 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 325 Se 12 Ave Llc $413,000
Previous Owner Jam Management Llc $365,000
Previous Owner Harpest Robert E $750,000
Previous Owner Harpest Robert E $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2024 11/07/24 Sold $640,000 -4.5% $288 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
09/11/2024 09/11/24 Price Changed $670,000 -0.7% $301 / Sq Ft
08/30/2024 08/30/24 For Sale $675,000 0.0% $303 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/15/2024 08/15/24 Price Changed $675,000 -0.6% $303 / Sq Ft
08/06/2024 08/06/24 Price Changed $679,000 -1.5% $305 / Sq Ft
07/23/2024 07/23/24 Price Changed $689,000 -0.1% $310 / Sq Ft
07/10/2024 07/10/24 Price Changed $690,000 -0.7% $310 / Sq Ft
06/18/2024 06/18/24 Price Changed $695,000 -0.7% $312 / Sq Ft
06/10/2024 06/10/24 For Sale $700,000 0.0% $315 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $700,000 -- $315 / 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 $10,181 $552,720 $43,180 $509,540
2024 $9,086 $493,430 $43,180 $450,250
2023 $9,086 $388,470 $43,180 $345,290
2022 $6,757 $257,330 $0 $0
2021 $6,246 $233,940 $0 $0
2020 $5,492 $291,270 $43,180 $248,090
2019 $5,020 $252,950 $43,180 $209,770
2018 $4,704 $258,550 $43,180 $215,370
2017 $4,075 $159,800 $0 $0
2016 $3,638 $145,280 $0 $0
2015 $3,365 $132,080 $0 $0
2014 $3,101 $120,080 $0 $0
2013 -- $117,010 $43,180 $73,830
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11593137

MIAMI REALTORS® MLS

APN: 49-42-01-03-0792