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504 Majorca Avenue

504 Majorca Avenue, Miami, FL 33134
Sold Apr 01, 2021
$860,000
$664,000 by Bank Of America Na
Mortgage Due Apr 01, 2051
Sold Jun 20, 2019
$625,000
Seller
$484,400 by Loandepot.com Llc
Mortgage Due Jul 01, 2049
504 Majorca Avenue in Miami, FL was first built in 1924 and is 100 years old. Although, the building on the property was most recently renovated and altered in 1984. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 504 Majorca Avenue has 1,586 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 500 ft and the linear feet between the front and back of the lot is 1,130. In total, the area measurement of the land is 5,650 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable or hip style roof made of tile. The garage is 400 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The exterior walls of the home are made of a material which is produced from two or more constituent materials. Walk inside and you'll find flooring throughout the home. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 504 Majorca Avenue was last sold in Mar 25, 2021 for $860,000. According to our calculations, that's $433.03 per sqft. Prior to that sales transaction, the property was sold for $625,000 in Jun 5, 2019. Current property owners are expected to pay $13,192 in taxes per year. The property on 504 Majorca Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $757,583. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Block Exterior

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1984
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Composition
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,650
  • Lot Size Depth Feet: 1,130
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,986
  • Gross Building Area: 1,986
  • Building Area: 1,586
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,586
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORAL GABLES
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CORAL GABLES SEC B PB 5-111 LOT 11 BLK 15 LOT SIZE 50.000 X 113 OR 21280-3917 052003 4

Ownership

  • Current Owner : SANCHEZ CHRISTOPHER BENJAMIN
  • Current Owner 2: MCKEE MARY T
  • Previous Owner : GROSSMAN JAMIE
  • Owner Before Previous Owner: NG SALLY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006206

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 244
  • District: 03
  • Parcel: 03-4108-001-2510
  • Block: 15
  • Lot: 11
  • Meridian: SEC 08 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.7545
  • Longitude: -80.2653

    Address

  • Full Address: 504 Majorca Ave
  • Address - House Number: 504
  • Address - Street Name: Majorca
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C031
  • 4-Digit Zip Code: 4222
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 1,986
  • Tax Year: 2023
  • Tax Amount: $13,192
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,369,301
  • High Value: 1,614,250
  • Low Value: 1,124,353

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $814,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Apr 01, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $664,000
  • 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: Apr 01, 2051
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Nov 28, 2022
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Nov 10, 2052

    Market Valuation

  • Market Total Value: $869,581
  • Market Land Value: $569,296
  • Market Improvement Value: $300,285

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $757,583

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 25, 2021
  • Current Sale Recording Date: Apr 01, 2021
  • Current Sale Transaction ID: 11831479704
  • Current Sale Price: $860,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0222806
  • Previous Sale Recording Date: Jun 20, 2019
  • Previous Sale Contract Date: Jun 05, 2019
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Apr 01, 2021
  • First Mortgage Loan Amount: $664,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: LOANDEPOT.COM LLC
  • Previous Mortgage Transaction Date: Jun 20, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $484,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jul 01, 2049

About Coral Gables Section



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Frequently Asked Questions

What neighborhood is 504 Majorca Avenue located in?
The 504 Majorca Avenue is a house located in the neighborhood of Coral Gables Section in Coral Gables Section, Miami.
What is the average sales price for listings in 504 Majorca Avenue?
The average sales price for units in 504 Majorca Avenue is $0 currently.

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