2497 Abaco Ave

House in King Park
In Contract

2497 Abaco Avenue, Miami, FL 33133

$1,999,000
 for Sale at 2497 Abaco Avenue, Miami, FL 33133

33

 for Sale at 2497 Abaco Avenue, Miami, FL 33133
 for Sale at 2497 Abaco Avenue, Miami, FL 33133
 for Sale at 2497 Abaco Avenue, Miami, FL 33133
$1,999,000
4
Beds
3
Baths
Half Bath
1,840
Ft²
$1,086
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
4.04%
Est. Monthly
$11,267
Sweet two story Old Spanish home offering old world charm, character, and every modern convenience! Major renovations since 2007: all new electric, wiring, and panel, all impact windows and doors, kitchen, bathrooms and more! 2015 A/C. 3 Bed/2 Bath 1,840 SF main home with eat-in kitchen, great room, living room, dining room with a very flexible floorplan. Detached 1 Bed/1 Bath approx 300 SF full guest cottage more recently renovated and has separate access and an outdoor shower. Inviting exterior living spaces with oversized wrap around porch and lush landscaping all on an oversized 9,997 SF corner lot in a great Coconut Grove location. Walk to nearby parks, marinas, restaurants and all...

LISTING AGENT

Jorge FernandezRelated ISG International Real[email protected]

Building Info

Overview

This property was built in 1923.

General

  • Year Built

    1923
  • Actual Year Built

    1923
  • Total Rooms

    0.00
  • Bedroom Count

    3
  • Bathroom Count

    2.00
  • Full Bathrooms

    2.00
  • Partial Bathrooms

    0.00
  • Bathroom Fixture Number

    0.00
  • Building Condition

    0
  • Building Quality

    0
  • Construction Type

    other
  • Building Style

    -
  • Exterior Walls Type

    -
  • Interior Walls Type

    -
  • Roof Shape Type

    -
  • Roof Cover Type

    -
  • Floor Count

    2
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    -
  • Basement Type

    -
  • Basement Area

    0.00
  • Garage Type

    -
  • Garage Square Area

    0.00
  • Parking Space Count

    0.00
  • Patio Type

    patio
  • Porch Type

    -
  • Pool Type

    -

Dimensions

  • Lot Size Square Feet

    9,997
  • Lot Size Depth Feet

    1270
  • Lot Size Frontage Feet

    780
  • Total Building Area

    1,840
  • Gross Building Area

    2,180
  • Building Area

    1,840
  • Building Area Source

    L

Heating

  • Fireplace Count

    0.00
  • Air Conditioning Type

    -
  • Heat Code

    -
  • Heated Square Feet

    1,840
  • Heating Fuel Type

    -

Codes

  • Sewer System

    -
  • Water Service Type

    -

Building

Building codes and types
  • Building Type

    -
  • Property Class ID

    residential
  • Subdivision

    KING PARK
  • Land Acres

    0.229
  • Standard Land Use Code

    single family residential
  • County Land Use Code

    0101
  • State Land Use Code

    001
  • Legal Description 1

    KING PARK PB 5-112 SELY 127.4FT LOT 7 & SELY 127.4FTLOT 8 LESS NELY 26.24FT BLK 1 LOT SIZE 78.720 X 127 OR 19921-0472 08/2001 1 COC 21531-2611 08 2 003 1

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Dade County School District
  • School Tax School District

    MIAMI
  • Census Tract

    006801

Zoning

The zoning code for this property is 0100:SINGL.
  • Zoning

    0100:SINGL

Geography

The property is located in zip code 33133.
  • District

    01
  • Parcel

    01-4115-028-0080
  • Block

    1
  • Lot

    7,8
  • Meridian

    SEC 15 TWN 54S RNG 41E
  • Municipality

    MIAMI
  • Latitude

    25.7387
  • Longitude

    -80.2357

Address

  • Full Address

    2497 Abaco Ave
  • Address - House Number

    2497
  • Address - Street Name

    Abaco
  • Address - Suffix Type

    Ave
  • State

    FL
  • City Name

    Miami
  • Carrier Code

    C017
  • 4-Digit Zip Code

    3902
  • Zip Code

    33133

Valuation

The assessed value of this property is $802,826.
  • Timestamp

    Feb 01, 2021
  • UCID Flag

    C
  • Total Area

    1,873
  • Standard Deviation

    0

Tax

  • Tax Year

    2020
  • Tax Amount

    $15,908
  • Tax Rate Code Area

    0100

Open Liens

  • Total Open Liens

    1
  • Total Open Liens Amount

    $396,750

Market Valuation

  • Market Total Value

    $802,826
  • Market Land Value

    $664,800
  • Market Improvement Value

    $138,026

Appraisal Valuation

  • Valuation Date

    Jan 27, 2021
  • Confidence Score

    64
  • Final Value

    807,757
  • High Value

    952,506
  • Low Value

    663,007

Assessments Valuation

  • Assessed Year

    2020
  • Assessed Total Value

    $802,826
  • Assessed Land Value

    $664,800
  • Assessed Improvements Value

    $138,026

Sales

  • Current Sale Contract Date

    20030801
  • Current Sale Recording Date

    20030815
  • Current Sale Transaction ID

    1058865074
  • Current Sales Price

    $490,000
  • Current Sale Document Type

    Warranty Deed
  • Current Sale Input Book

    21531
  • Current Sale Input Document Number

    2003R0579217
  • Current Sale Input Page

    2611
  • Sale Date

    20010926
  • Previous Sale Type of Sales Price

    Full amount stated on Document.
  • Sale Amount

    $310,000
  • Previous Sale Document Type

    71

Mortgages

  • First Current Mortgage Lender

    HAYHURST MORTGAGE INC
  • First Current Mortgage Transaction Date

    20030815
  • First Current Mortgage Financing Type

    Adjustable Rate
  • First Current Mortgage Loan Amount

    $322,700
  • First Current Mortgage Terms

    360
  • First Current Mortgage Loan Type

    Unknown (DEFAULT)
  • First Current Mortgage Loan Due Date

    20330901
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Lender

    PFG LOANS INC
  • First Open Lien Mortgage Recording Date

    20120125
  • First Open Lien Mortgage Loan Amount

    $396,750
  • 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

    20420101
  • Second Open Lien Mortgage Loan Amount

    $0
  • Second Open Lien Mortgage Term

    0
  • Second Open Lien Mortgage Position

    0
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Loan Amount

    $0
  • Previous Mortgage Term

    0

Building Features

Exterior

Stucco Exterior

Driveway

Driveway

Home Features

Outdoor Space

DeckPrivate Patio

Utilities

Fireplace

Home Systems

Security System

Appliances

DishwasherOvenGas Range

Ownership

Price History

Date/EventEventPrice
Mar 2, 2023 In contractIn contract-
Jan 24, 2023 Price DecreasedPrice Decreased$1,999,000 $301K (13.1%)
Jan 13, 2023 Price DecreasedPrice Decreased$2,300,000 $200K (8%)
Sep 1, 2022 Price DecreasedPrice Decreased$2,500,000 $250K (9.1%)
Jul 26, 2022 Price DecreasedPrice Decreased$2,750,000 $250K (8.3%)
May 10, 2022 Listed by Compass Florida LLCListed by Compass Florida LLC$3,000,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$110,400
ExpensesPer Year
$17,424
Operating ProfitPer Year
$92,976
Cap rate
4.65%

Price Estimate

$2,331,000$2,032,939$1,734,878
20222023202420252026
Current Asking Price

$1,999,000

HopScore Market Price

$2,032,939

The current asking price is $33,939.15 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Active
House
4
4.5
2,990 ft²
$736/ft²
$2,200,000
$711.83/mo
Active
House
3
2
2,191 ft²
$753/ft²
$1,650,000
$610.50/mo
Active
House
3
2
1,199 ft²
$1,668/ft²
$1,999,999
$1,141.25/mo
Active
House
4
3
3,237 ft²
$738/ft²
$2,390,000
$1,555.08/mo
Active
Condo
3
2.5
1,831 ft²
$1,092/ft²
$2,000,000
$9,802.83/mo

Payment Calculator



Neighborhood

About King Park

Stats & Trends

The median asking price in King Park is $1,550,000.
  • Median Asking

    $1,550,000
  • Sale Price/ft²

    $850.61
  • Below Asking

    0.02%
  • Days on Market

    69

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2497 Abaco Avenue in Miami, FL was first built in 1923 and is 100 years old. This has been categorized as a residential property type. There are a total of 2 floors. 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 and unclear on the number of partial bathrooms. 2497 Abaco Avenue has 1,840 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 780 ft and the linear feet between the front and back of the lot...

2497 Abaco Avenue, Miami, FL 33133


Frequently Asked Questions

What neighborhood is 2497 Abaco Avenue located in?
The 2497 Abaco Avenue is a house located in the neighborhood of King Park in Northeast Coconut Grove, Miami.
How many units are currently for sale in 2497 Abaco Avenue?
2497 Abaco Avenue has a total of 1 units in the building. There are one units for sale right now.
What is the average sales price for units in 2497 Abaco Avenue?
The average sales price for units in 2497 Abaco Avenue is $2,300,000, or $1,250/sqft.
How long on average are units in 2497 Abaco Avenue on the market?
Units in 2497 Abaco Avenue are usually on the market for an average of 316 days with an average asking price of $2,300,000.

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