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1122 Palermo Avenue

1122 Palermo Avenue, Miami, FL 33134
Sold Jan 23, 2006
$820,000
$615,000 by Aegis Wholesale Corp
Mortgage Due Feb 01, 2036
Sold Sep 02, 2003
$171,700
$322,700 by Mortgage Master Inc
Mortgage Due Sep 01, 2033
1122 Palermo Avenue in Miami, FL was first built in 1938 and is 86 years old. Although, the building on the property was most recently renovated and altered in 1987. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1122 Palermo Avenue has 1,908 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 832 ft and the linear feet between the front and back of the lot is 2,600. In total, the area measurement of the land is 10,810 square feet.

Learn more about the property and building on this page. There is a unknown. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The exterior walls of the home are made of a combination of material. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1122 Palermo Avenue sold most recently in Jan 12, 2006 for a total of $820,000. If you work out the math, that's approximately a cost of $362.99 per sqft. Before that, the property was also sold for $171,700 in Aug 8, 2003. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $18,964 in taxes each year. 1122 Palermo Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $547,610. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,810
  • Lot Size Depth Feet: 2,600
  • Lot Size Frontage Feet: 832
  • Total Building Area: 2,259
  • Gross Building Area: 2,259
  • Building Area: 1,908
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,908
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORAL GABLES COUNTRY CLUB
  • Land Acres: 0.248
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CORAL GABLES COUNTRY CLUB SEC 1 PB 8-108 LOT 3 BLK 15 LOT SIZE 83.150 X 130 OR 19809-2832 07/2001 1 COC 24165-2886 01 2006 1

Ownership

  • Current Owner : SUAREZ ANGEL
  • Current Owner 2: SUAREZ VIVIANA
  • Previous Owner : BERRO LUIS MARIA
  • Previous Owner 2: SHEN CHRISTINE M
  • Owner Before Previous Owner: BERRO LUIS MARIA
  • Owner Before Previous Owner 2: SHEN CHRISTINE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006104

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 254
  • District: 03
  • Parcel: 03-4118-003-1870
  • Block: 15
  • Lot: 3
  • Meridian: SEC 18 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.744
  • Longitude: -80.2779

    Address

  • Full Address: 1122 Palermo Ave
  • Address - House Number: 1122
  • Address - Street Name: Palermo
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C043
  • 4-Digit Zip Code: 6325
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 1,939
  • Tax Year: 2023
  • Tax Amount: $18,964
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,670,654
  • High Value: 1,969,510
  • Low Value: 1,371,797

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $615,000
  • First Open Lien Mortgage Lender: AEGIS WHOLESALE CORP
  • First Open Lien Mortgage Recording Date: Jan 23, 2006
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $615,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Negative Amortization
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2036

    Market Valuation

  • Market Total Value: $1,229,150
  • Market Land Value: $990,448
  • Market Improvement Value: $238,702

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $547,610

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 12, 2006
  • Current Sale Recording Date: Jan 23, 2006
  • Current Sale Transaction ID: 11457363932
  • Current Sale Price: $820,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2006R0071295
  • Previous Sale Recording Date: Sep 02, 2003
  • Previous Sale Contract Date: Aug 08, 2003
  • Previous Sale Amount: $171,700
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: AEGIS WHOLESALE CORP
  • First Mortgage Transaction Date: Jan 23, 2006
  • First Mortgage Loan Amount: $615,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Negative Amortization
  • First Mortgage Loan Due Date: Feb 01, 2036

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE MASTER INC
  • Previous Mortgage Transaction Date: Sep 02, 2003
  • Previous Mortgage Loan Amount: $322,700
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Sep 01, 2033

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Frequently Asked Questions

What neighborhood is 1122 Palermo Avenue located in?
The 1122 Palermo Avenue is a located in the neighborhood of Country Club Section in Country Club Section, Miami.
What is the average sales price for listings in 1122 Palermo Avenue?
The average sales price for units in 1122 Palermo Avenue is $0 currently.

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