See Home Value
$3,179,078*
House - Off Market

3525 Palmetto Ave

Miami, FL 33133
bedrooms
5 Beds
bathrooms
5 Baths
square feet
5376 Sqft
$2,250,000 - $2,750,000
Reference Base Price*
27.16%
Since Nov 1, 2021
FL-Miami
Primary Model
Sold Jun 25, 2021
$2,375,000
$1,900,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2051
Sold Oct 21, 1998
$775,000

About This Property

The Grove Sophisticate | An absolutely grand residence in a premier South Grove location. The heart of the home, and an entertainer's delight, is its imposing Main Salon featuring jaw-dropping 20 foot ceilings anchored by the tall windows facing the pool + terrace. Custom built in 1994, it enjoys a fluid floor plan and a plethora of windows--many are impact. Its floor plan consists of 1 br + 2 baths downstairs while the main suite, sitting room + 3 secondary bedrooms upstairs. Yes, some items will merit updating but unequivocally a fantastic offering and priced accordingly. Just a short stroll to many schools, parks, houses of worship + the Coconut Grove village center. Enjoy breezes coming off the nearby bay from this high/dry no-flood-zone locale. Certainly a must-act-now offering!

The manager has listed the unit size as 5376 square feet.
Unit Size
5,376Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$465
Property Type
House
Property Taxes
$1,659
HOA Dues
-
Year Built
1994

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jun 25, 2021 Sold to Lucia Scarampi, Thibault Ge... $2,375,000
Sold to Lucia Scarampi, Thibault Ge...
Apr 27, 2021 In contract -
In contract
Apr 10, 2021 Listed $2,500,000
Listed

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 600
  • Total Building Area: 5,376
  • Gross Building Area: 5,376
  • Building Area: 4,736
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,736
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COCOANUT GROVE PARK
  • Land Acres: 0.193
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PB 1-62 COCOANUT GROVE PARK 2ND AMD PL LOT 8 & W10FT OF LOT 9 BLK P LOT SIZE 60.000 X 140 OR 18320-4437 1098 1

Ownership

  • Current Owner : GERBALDI THIBAULT
  • Current Owner 2: SCARAMPI LUCIA
  • Previous Owner : PAYTON HARRY A
  • Previous Owner 2: PAYTON LISA R
  • Owner Before Previous Owner: FOYO GEORGE W
  • Owner Before Previous Owner 2: FOYO MARY E
  • 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: 257
  • District: 01
  • Parcel: 01-4121-013-1200
  • Block: P
  • Lot: 8,9
  • Meridian: SEC 21 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7225
  • Longitude: -80.2497

    Address

  • Full Address: 3525 Palmetto Ave
  • Address - House Number: 3525
  • Address - Street Name: Palmetto
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C037
  • 4-Digit Zip Code: 6218
  • Zip Code: 33133

Valuation

    Tax

  • Total Area: 4,619
  • Tax Year: 2023
  • Tax Amount: $41,186
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 3,592,533
  • High Value: 4,240,374
  • Low Value: 2,944,692

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,900,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jun 25, 2021
  • First Open Lien Mortgage Loan Amount: $1,900,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $2,294,432
  • Market Land Value: $1,134,000
  • Market Improvement Value: $1,160,432

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,026,937

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 25, 2021
  • Current Sale Transaction ID: 11842131384
  • Current Sale Price: $2,375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0450736
  • Previous Sale Recording Date: Oct 21, 1998
  • Previous Sale Amount: $775,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 25, 2021
  • First Mortgage Loan Amount: $1,900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
4 Baths
3,691 ft²
$648/ft²
$2,390,000 Oct 29, 2022
-
$1,352/mo
House
5 Beds
5 Baths
2,943 ft²
$799/ft²
$2,350,000 Dec 6, 2021
-
$463/mo
House
6 Beds
6 Baths
3,340 ft²
$686/ft²
$2,290,000 Oct 19, 2022
-
$1,549/mo
House
4 Beds
3 Baths
2,600 ft²
$865/ft²
$2,250,000 Nov 15, 2022
-
$843/mo
House
5 Beds
6 Baths
-
$2,950,000 Feb 17, 2021
-
$858/mo
House
4 Beds
2.5 Baths
2,095 ft²
$1,086/ft²
$2,275,000 Apr 9, 2022
-
$622/mo
Townhouse
4 Beds
4.5 Baths
3,814 ft²
$628/ft²
$2,395,000 Apr 1, 2022
-
$508/mo
In Contract
Townhouse
6 Beds
6 Baths
3,950 ft²
$570/ft²
$2,250,000 Dec 15, 2022
-
$1,902/mo
Townhouse
4 Beds
4 Baths
2,691 ft²
$910/ft²
$2,450,000 Dec 23, 2022
-
$771/mo
Townhouse
4 Beds
4 Baths
2,924 ft²
$787/ft²
$2,300,000 Oct 25, 2022
-
$1,697/mo
Townhouse
4 Beds
4 Baths
2,691 ft²
$985/ft²
$2,650,000 Dec 23, 2022
-
$771/mo
House
4 Beds
3 Baths
-
$2,450,000 Dec 3, 2022
-
$1,226/mo

About Southwest Coconut Grove


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Frequently Asked Questions

When was property at 3525 Palmetto Avenue built and last sold?
The property at 3525 Palmetto Avenue was built in 1994 and last sold on Jun 2, 2021 for $2,375,000.
How much is this home worth?
The estimated value of the home located at 3525 Palmetto Avenue is $2,519,752.
What are some comparable homes to 3525 Palmetto Avenue?
There are currently no comparable homes to 3525 Palmetto Avenue.

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