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3429 North Moorings Way

3429 North Moorings Way, Miami, FL 33133
Property in The Moorings
Sold Jun 10, 2021
$5,850,000
$4,270,000 by Bank Of America Na
Mortgage Due May 01, 2052
Sold Dec 14, 2020
$56,990
Local assessors in Miami, FL have categorized 3429 North Moorings Way as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 11,400 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 950 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 5 full bathrooms. There are also 6 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3429 North Moorings Way has a total of 5,749 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a rigid frame bar style roof. Lots of concrete block were used in the construction of the exterior walls of the home. 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, 3429 North Moorings Way sold most recently in May 26, 2021 for a total of $5,850,000. If you work out the math, that's approximately a cost of $810.81 per sqft. Before that, the property was also sold for $56,990 in Dec 2, 2020. 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 $102,847 in taxes each year. 3429 North Moorings Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $5,045,026. 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: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Rigid frame bar
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 11,400
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 950
  • Total Building Area: 7,215
  • Gross Building Area: 7,215
  • Building Area: 5,749
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,749
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE MOORINGS
  • Land Acres: 0.262
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 28 54 41 THE MOORINGS PB 31-52 LOT 11 BLK E & PROP INT IN & TO STS-PARKS-YACHT BASIN & CANAL LOT SIZE 95.000 X 120 OR 11896-693 0983 1

Ownership

  • Current Owner : GROSS MICHAEL
  • Current Owner 2: GROSS AMY MILLER
  • Previous Owner : ALLEN ANNE CHRISTINE
  • Previous Owner 2: DILLON TRUST COMPANY LLC
  • Owner Before Previous Owner: GONZALEZ ALEJANDRO
  • Owner Before Previous Owner 2: JARAMILLO CATALINA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 007300

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 259
  • District: 01
  • Parcel: 01-4128-006-0330
  • Block: E
  • Lot: 11
  • Meridian: SEC 28 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.719
  • Longitude: -80.2485

    Address

  • Full Address: 3429 N Moorings Way
  • Address - House Number: 3429
  • Street Direction: N
  • Address - Street Name: Moorings
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miami
  • Carrier Code: C001
  • 4-Digit Zip Code: 6537
  • Zip Code: 33133

Valuation

    Tax

  • Total Area: 5,936
  • Tax Year: 2023
  • Tax Amount: $102,847
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.2369
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 66
  • Final Value: 8,082,194
  • High Value: 9,997,210
  • Low Value: 6,167,179

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,270,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Apr 29, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $4,270,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $5,582,838
  • Market Land Value: $2,337,000
  • Market Improvement Value: $3,245,838

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,045,026

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: Jun 10, 2021
  • Current Sale Transaction ID: 11841222648
  • Current Sale Price: $5,850,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0415356
  • Previous Sale Recording Date: Dec 14, 2020
  • Previous Sale Contract Date: Dec 02, 2020
  • Previous Sale Amount: $56,990
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUONTIC BANK FSB
  • First Mortgage Transaction Date: Jun 10, 2021
  • First Mortgage Loan Amount: $3,600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

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Frequently Asked Questions

What neighborhood is 3429 North Moorings Way located in?
The 3429 North Moorings Way is a located in the neighborhood of The Moorings in Southwest Coconut Grove, Miami.
What is the average sales price for listings in 3429 North Moorings Way?
The average sales price for units in 3429 North Moorings Way is $0 currently.

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