by RH Advisors

See Home Value
$920,000
House - Off Market

1214 Madrid St

Coral Gables, FL 33134
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1500 Sqft
$5,911
Estimated Monthly
$0
HOA / Fees
5.06%
Cap Rate

About This Property

Uncover the enchantment of 1214 Madrid St in the highly coveted Coral Gables neighborhood! This property presents a captivating Spanish-style home with a 3-bed, 2-bath main house and an updated detached unit. Hardwood floors, graceful arches, and a generous backyard set the stage for gatherings and tranquil moments. Both units are thoughtfully equipped with AC and individual laundry facilities. Positioned for utmost convenience, this home grants you swift access to Coral Gables' sought-after amenities. Don't miss out - schedule a showing today and seize the opportunity to call this your new home! Detached unit is currently rented and bringing in $1500/month.
Unit Size
1,500Ft²
Days on Market
108 days
Land Size
0.12 acres
Price per sqft
$687
Property Type
House
Property Taxes
$853
HOA Dues
-
Year Built
1925
Last updated: 3 months ago (Miami MLS #A11469468)

Price History

Date / Event Date Event Price
Feb 2, 2024 Sold $920,000
Sold
Nov 17, 2023 In contract -
In contract
Nov 10, 2023 Price Decreased $1,030,000
↓ $20K (1.9%)
Price Decreased
Oct 17, 2023 Listed by Compass Florida, LLC $1,050,000
Listed by Compass Florida, LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1965
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Concrete block
  • Building Style: Duplex
  • Exterior Walls Type: Composition
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 2
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,250
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,713
  • Gross Building Area: 1,713
  • Building Area: 1,500
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,500
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORAL GABLES GRANADA SEC
  • Land Acres: 0.121
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: CORAL GABLES GRANADA SEC PB 8-113 LOT 28 BLK 51 LOT SIZE 50.000 X 105 OR 17955-2600 0198 1

Ownership

  • Current Owner : MACAYLO REX NOLAN
  • Previous Owner : TANNER FORREST
  • Owner Before Previous Owner: LYNSKEY KEVIN T
  • Owner Before Previous Owner 2: GARCIA LYNSKEY CINDY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006105

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 243
  • District: 03
  • Parcel: 03-4107-018-5990
  • Block: 51
  • Lot: 28
  • Meridian: SEC 07 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.7597
  • Longitude: -80.2824

    Address

  • Full Address: 1214 Madrid St
  • Address - House Number: 1214
  • Address - Street Name: Madrid
  • Address - Suffix Type: St
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C015
  • 4-Digit Zip Code: 2214
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 1,597
  • Tax Year: 2023
  • Tax Amount: $11,337
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.1821
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 976,534
  • High Value: 1,154,394
  • Low Value: 798,674

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $736,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Feb 07, 2024
  • First Open Lien Mortgage Loan Amount: $736,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2054

    Market Valuation

  • Market Total Value: $606,107
  • Market Land Value: $399,000
  • Market Improvement Value: $207,107

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $493,554

    Sales

  • Current Sale Contract Date: Jan 30, 2024
  • Current Sale Recording Date: Feb 07, 2024
  • Current Sale Transaction ID: 11920873091
  • Current Sale Price: $920,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 100306
  • Previous Sale Recording Date: Aug 03, 2010
  • Previous Sale Contract Date: Jul 27, 2010
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Feb 07, 2024
  • First Mortgage Loan Amount: $736,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: PATRIOT HOME FUNDING INC
  • Previous Mortgage Transaction Date: Aug 03, 2010
  • Previous Mortgage Loan Amount: $340,415
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2040



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,505 ft²
$731/ft²
$1,100,000 Aug 22, 2023
$1,100,000 Sep 29, 2023
$671/mo
House
3 Beds
3 Baths
1,622 ft²
$617/ft²
$1,000,000 Aug 4, 2023
$1,000,000 Sep 5, 2023
$957/mo
House
3 Beds
2 Baths
1,308 ft²
$700/ft²
$915,000 Oct 10, 2023
$915,000 Nov 16, 2023
$513/mo
Multifamily
Stu
-
2,328 ft²
$354/ft²
$825,000 Aug 24, 2023
$825,000 Nov 1, 2023
$517/mo
Multifamily
Stu
-
2,266 ft²
$360/ft²
$815,000 Aug 1, 2023
$815,000 Oct 26, 2023
$732/mo
House
4 Beds
3 Baths
1,702 ft²
$528/ft²
$899,000 Jul 19, 2023
-
$1,027/mo
House
4 Beds
3 Baths
1,728 ft²
$666/ft²
$1,150,000 Aug 23, 2023
-
$882/mo
House
3 Beds
2 Baths
1,449 ft²
$618/ft²
$895,000 Aug 18, 2023
-
$302/mo
House
3 Beds
2 Baths
1,502 ft²
$566/ft²
$850,000 Sep 8, 2023
-
$408/mo
House
3 Beds
3 Baths
1,712 ft²
$557/ft²
$953,333 Sep 13, 2023
-
$299/mo
House
3 Beds
2 Baths
1,476 ft²
$589/ft²
$870,000 Oct 17, 2023
-
$722/mo
House
3 Beds
1 Bath
1,371 ft²
$715/ft²
$980,000 Aug 23, 2023
-
$691/mo

About Granada


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Frequently Asked Questions

When was property at 1214 Madrid Street built and last sold?
The property at 1214 Madrid Street was built in 1925 and last sold on Jan 30, 2024 for $920,000.
How much is this home worth?
The estimated value of the home located at 1214 Madrid Street is $1,064,158.
What are some comparable homes to 1214 Madrid Street?
Homes that are comparable to 1214 Madrid Street include a house property at 837 El Rado Street, 5929 Southwest 22nd Street, 2205 Southwest 60th Avenue.

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