See Home Value
$2,100,221*
House - Off Market

505 Palermo Ave

Coral Gables, FL 33134
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2565 Sqft
$1,755,000 - $2,143,000
Reference Base Price*
7.76%
Since Dec 1, 2022
FL-Miami
Primary Model
Sold Nov 14, 2022
$1,900,000
$1,520,000 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2052
Sold Aug 11, 2020
$940,000

About This Property

EXCEPTIONAL single family home in the esteemed heart of Coral Gables on a double corner lot. This single level residence in The City Beautiful enjoys an enlarged and gracious outdoor social area and stunning landscaping. The interior boasts a distinct floor plan with the main house consisting of three bedrooms, two and a half baths, a new kitchen with custom cabinets, a large den area with multiple uses making it flexible for the next homeowner's needs. Finally there is a separate in-law suite with a full bathroom, kitchenette and separate entrance. All bathrooms are updated and the Master bathroom features a "spa" like wet room. Additionally, there is room for a pool or an addition allowing for a custom build-out.

The manager has listed the unit size as 2565 square feet.
Unit Size
2,565Ft²
Days on Market
-
Land Size
-
Price per sqft
$760
Property Type
House
Property Taxes
$1,229
HOA Dues
-
Year Built
1941

Price History

Date / Event Date Event Price
Nov 14, 2022 Sold to Whitney Thier $1,900,000
Sold to Whitney Thier
Nov 13, 2022 No longer available -
No longer available
Sep 6, 2022 Listed $1,949,000
Listed
Oct 6, 2021 No longer available -
No longer available
Jun 5, 2020 In contract -
In contract
Show More

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Concrete block
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Rigid frame bar
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 138
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,570
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 1,143
  • Total Building Area: 2,903
  • Gross Building Area: 2,903
  • Building Area: 2,565
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,565
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORAL GABLES BILTMORE SEC
  • Land Acres: 0.289
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CORAL GABLES BILTMORE SEC PB 20-28 LOTS 14 & 15 BLK 21 LOT SIZE IRREGULAR OR 18634-4934 0599 6

Ownership

  • Current Owner : THIER WHITNEY
  • Previous Owner : IRWIN CHARLES
  • Previous Owner 2: IRWIN DONA
  • Owner Before Previous Owner: ESCALANTE MARCOS EFREN SARAVIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried woman

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006203

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 253
  • District: 03
  • Parcel: 03-4117-008-3470
  • Block: 21
  • Lot: 14,15
  • Meridian: SEC 17 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.7451
  • Longitude: -80.2649

    Address

  • Full Address: 505 Palermo Ave
  • Address - House Number: 505
  • Address - Street Name: Palermo
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C019
  • 4-Digit Zip Code: 5710
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 2,609
  • Tax Year: 2023
  • Tax Amount: $27,282
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 1,892,758
  • High Value: 2,262,524
  • Low Value: 1,522,992

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,520,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 14, 2022
  • First Open Lien Mortgage Loan Amount: $1,520,000
  • 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: Dec 01, 2052

    Market Valuation

  • Market Total Value: $1,597,564
  • Market Land Value: $943,130
  • Market Improvement Value: $654,434

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,527,231

    Sales

  • Current Sale Contract Date: Nov 08, 2022
  • Current Sale Recording Date: Nov 14, 2022
  • Current Sale Transaction ID: 11899080469
  • Current Sale Price: $1,900,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 864124
  • Previous Sale Recording Date: Aug 11, 2020
  • Previous Sale Contract Date: Aug 06, 2020
  • Previous Sale Amount: $940,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Nov 14, 2022
  • First Mortgage Loan Amount: $1,520,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2052



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,518 ft²
$695/ft²
$1,749,000 Mar 9, 2023
-
$597/mo
House
4 Beds
3 Baths
2,637 ft²
$853/ft²
$2,250,000 Dec 24, 2022
-
$672/mo
House
4 Beds
3 Baths
2,279 ft²
$789/ft²
$1,799,000 Nov 5, 2022
-
$481/mo
House
4 Beds
3 Baths
2,280 ft²
$800/ft²
$1,825,000 Sep 1, 2022
-
$1,127/mo
House
4 Beds
4 Baths
1,997 ft²
$1,127/ft²
$2,250,000 Aug 22, 2022
-
$1,434/mo
House
3 Beds
2 Baths
2,517 ft²
$834/ft²
$2,100,000 Feb 11, 2023
-
$1,657/mo
House
4 Beds
4 Baths
3,461 ft²
$470/ft²
$1,625,000 Oct 1, 2018
-
-
House
3 Beds
4 Baths
2,827 ft²
$672/ft²
$1,899,900 Oct 27, 2022
-
$682/mo
House
3 Beds
3.5 Baths
2,703 ft²
$666/ft²
$1,800,000 Jan 27, 2023
-
$1,604/mo
In Contract
House
3 Beds
2.5 Baths
1,901 ft²
$997/ft²
$1,895,000 Mar 14, 2023
-
$1,248/mo
House
3 Beds
3 Baths
1,782 ft²
$926/ft²
$1,650,000 Jan 23, 2023
-
$1,359/mo
House
3 Beds
2 Baths
1,714 ft²
$1,041/ft²
$1,785,000 Mar 22, 2023
-
$564/mo

About Coral Gables


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Frequently Asked Questions

When was property at 505 Palermo Avenue built and last sold?
The property at 505 Palermo Avenue was built in 1941 and last sold on Nov 8, 2022 for $1,900,000.
How much is this home worth?
The estimated value of the home located at 505 Palermo Avenue is $1,989,392.
What are some comparable homes to 505 Palermo Avenue?
There are currently no comparable homes to 505 Palermo Avenue.

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