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3553 Palmetto Avenue

3553 Palmetto Avenue, Miami, FL 33133
Sold Feb 02, 2016
$1,375,800
Sold May 02, 2012
$975,000
$729,600 by City National Bank Of Florida
Mortgage Due May 01, 2042
Local assessors in Miami, FL have categorized 3553 Palmetto Avenue as a residential type of property. The home was built in 1985 and is 39 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 7,000 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 500 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, 3 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 2 full bathrooms. There are also 3 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 3553 Palmetto Avenue has a total of 2,919 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 - D. 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, 3553 Palmetto Avenue sold most recently in Jan 28, 2016 for a total of $1,375,800. If you work out the math, that's approximately a cost of $386.14 per sqft. Before that, the property was also sold for $975,000 in Apr 30, 2012. 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 $22,312 in taxes each year. 3553 Palmetto Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,108,767. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1985
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,563
  • Gross Building Area: 3,563
  • Building Area: 2,919
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,919
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COCONUT GROVE PK 2 AMD
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COCONUT GROVE PK 2ND AMD PLAT PB 1-62 LOT 4 BLK P LOT SIZE 50.000 X 140.000 OR 15735-1394 1192 1 COC 23191-0683 03 2005 1

Ownership

  • Current Owner : WENGER DERRICK E
  • Current Owner 2: WENGER ANA MARIA
  • Previous Owner : PATEL KEVAL
  • Previous Owner 2: BHADSAVLE SEEMA
  • Owner Before Previous Owner: HOLTON ROBERT L
  • Owner Before Previous Owner 2: HOLTON ROBERT A
  • 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: 01-4121-013-1181
  • Block: P
  • Lot: 4
  • Meridian: SEC 21 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7225
  • Longitude: -80.2503

    Address

  • Full Address: 3553 Palmetto Ave
  • Address - House Number: 3553
  • 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: 3,133
  • Tax Year: 2023
  • Tax Amount: $22,312
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 2,689,585
  • High Value: 3,174,598
  • Low Value: 2,204,572

    Market Valuation

  • Market Total Value: $1,584,387
  • Market Land Value: $945,000
  • Market Improvement Value: $639,387

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,108,767

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 28, 2016
  • Current Sale Recording Date: Feb 02, 2016
  • Current Sale Transaction ID: 1430496627
  • Current Sale Price: $1,375,800
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016R0065910
  • Previous Sale Recording Date: May 02, 2012
  • Previous Sale Contract Date: Apr 30, 2012
  • Previous Sale Amount: $975,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Mortgage Transaction Date: Feb 02, 2016
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2031

    Previous Mortgages

  • Previous Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • Previous Mortgage Transaction Date: May 02, 2012
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $729,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2042

About Southwest Coconut Grove



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Frequently Asked Questions

What neighborhood is 3553 Palmetto Avenue located in?
The 3553 Palmetto Avenue is a located in the neighborhood of Coconut Grove Park in Southwest Coconut Grove, Miami.
What is the average sales price for listings in 3553 Palmetto Avenue?
The average sales price for units in 3553 Palmetto Avenue is $0 currently.

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