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3535 South Moorings Way

3535 South Moorings Way, Miami, FL 33133
Property in The Moorings
Sold May 07, 2018
$5,200,000
$4,160,000 by Totalbank
Mortgage Due May 01, 2048
Sold Nov 14, 2005
$3,750,000
$2,437,500 by Coldwell Banker Mortgage
Mortgage Due Dec 01, 2035
Local assessors in Miami, FL have categorized 3535 South Moorings Way as a residential type of property. The home was built in 1947 and is 77 years old. It was most recently renovated and altered in 2009. The property's lot size has been calculated to be 24,230 square feet. 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, 6 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 6 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 3535 South Moorings Way has a total of 6,305 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 408 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a both a pool and a spa 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 roof that is made of tile. Lots of concrete block were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. The property was last sold in Apr 30, 2018 for $5,200,000. That's $635.62 per sqft. Prior to that sales transaction, the property was also sold in Nov 10, 2005 for $3,750,000. 3535 South Moorings Way was last assessed in 2023. The total value of the property was assessed at $4,184,214. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $85,532. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 408
  • Parking Space Count: 0
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 24,230
  • Total Building Area: 8,181
  • Gross Building Area: 8,181
  • Building Area: 6,305
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,305
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE MOORINGS
  • Land Acres: 0.556
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE MOORINGS PB 31-52 LOTS 14 & 15 BLK D & PROP INT IN & TO STS-PARKS-YACHT BASIN & CANAL LOT SIZE 24230 SQ FT OR 12955-3902/23956-0909 0786 1 COC 23956-0910 11 2005 1

Ownership

  • Current Owner : SHAH SHAIL
  • Current Owner 2: SHAIL SHAH TRUST
  • Previous Owner : WEISS ALLISON B
  • Previous Owner 2: BRADY DENNIS
  • Owner Before Previous Owner: MOHLMAN DAVID J
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

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: 01-4128-006-0250
  • Block: D
  • Lot: 14,15
  • Meridian: SEC 28 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7186
  • Longitude: -80.2496

    Address

  • Full Address: 3535 S Moorings Way
  • Address - House Number: 3535
  • Street Direction: S
  • Address - Street Name: Moorings
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miami
  • Carrier Code: C001
  • 4-Digit Zip Code: 6519
  • Zip Code: 33133

Valuation

    Tax

  • Total Area: 6,572
  • Tax Year: 2023
  • Tax Amount: $85,532
  • Tax Rate Code Area: 100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,160,000
  • First Open Lien Mortgage Lender: TOTALBANK
  • First Open Lien Mortgage Recording Date: May 07, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $4,160,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: May 01, 2048

    Market Valuation

  • Market Total Value: $6,683,460
  • Market Land Value: $4,967,150
  • Market Improvement Value: $1,716,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,184,214

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 30, 2018
  • Current Sale Recording Date: May 07, 2018
  • Current Sale Transaction ID: 11461932720
  • Current Sale Price: $5,200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018R0271978
  • Previous Sale Recording Date: Nov 14, 2005
  • Previous Sale Contract Date: Nov 10, 2005
  • Previous Sale Amount: $3,750,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOTALBANK
  • First Mortgage Transaction Date: May 07, 2018
  • First Mortgage Loan Amount: $4,160,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: May 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: COLDWELL BANKER MORTGAGE
  • Previous Mortgage Transaction Date: Nov 14, 2005
  • Previous Mortgage Loan Amount: $2,437,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Dec 01, 2035

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Frequently Asked Questions

What neighborhood is 3535 South Moorings Way located in?
The 3535 South 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 3535 South Moorings Way?
The average sales price for units in 3535 South Moorings Way is $0 currently.

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