by RH Advisors

Check Availability
$1,600,000
House - For Sale

516 Majorca Ave

Coral Gables, FL 33134
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2344 Sqft
$8,989
Estimated Monthly
$0
HOA / Fees
2.38%
Cap Rate

About This Property

Welcome to your future home, where the thrill of potential meets the charm of possibility! Pull up to this central & splendid 2-story Coral Gables home which boasts a spectacular floor plan (2810 total sf) Downstairs: Living, Dining, Family, Kitchen, Half Bath & 1-car Garage. Upstairs: 3 bedrooms/2 baths w/2 balconies overlooking your lush backyard (5650 sf lot). Paved Driveway. While this home is in impeccable condition, it eagerly awaits modern updates to truly shine. Embrace the opportunity to transform this diamond in the rough into the jewel of the neighborhood! Easy to show!
Unit Size
2,344Ft²
Days on Market
40 days
Land Size
0.13 acres
Price per sqft
$683
Property Type
House
Property Taxes
$1,132
HOA Dues
-
Year Built
1984
Listed By
Valerie Quemada
Address Real Estate LLC
Last updated: 2 months ago (Miami MLS #A11552785)

Price History

Date / Event Date Event Price
Mar 21, 2024 Listed by Address Real Estate LLC $1,600,000
Listed by Address Real Estate LLC
Aug 1, 2003 Sold to Gustavo Chomat, Lia Chomat $485,100
Sold to Gustavo Chomat, Lia Chomat

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Paver Block
Garage Spaces: 1
Covered Parking Spaces: 1
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 2
Master Bathroom Features: Dual Sinks

Bedroom Information

Bedrooms: 3
Bedroom Features: Primary Bath Shower, Primary Bedroom Upstairs

Interior Information

Interior Features: First Floor Entry, Vaulted Ceiling(s), Volume Ceilings, Walk-In Closet(s), Family Room, Utility Room/Laundry
Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
Flooring Type: Carpet, Tile, Wood
Laundry Features: Utility Room/Laundry

Room Information

Dining Room Features: Breakfast Area, Snack Bar/Counter
Living Room Features: Family Room, Utility Room/Laundry

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 196
  • 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: 2,810
  • Gross Building Area: 2,810
  • Building Area: 2,344
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,344
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: CORAL GABLES
  • Land Acres: 0.13
  • Legal Description 1: CORAL GABLES SEC B PB 5-111 LOT 8 BLK 15 LOT SIZE 50.000 X 113 OR 18184-3614 0698 1 COC 21476-4976 06 2003 1

Ownership

  • Current Owner : CHOMAT GUSTAVO
  • Current Owner 2: CHOMAT LIA
  • Previous Owner : CORTIZAS PRISCILLA
  • Previous Owner 2: MARRERO DANIEL A
  • Owner Before Previous Owner: MARTINEZ JOSE M
  • Owner Before Previous Owner 2: MARTINEZ ROXANA M
  • Is Owner Occupied: unknown

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: 03-4108-001-2483
  • Block: 15
  • Lot: 8
  • Meridian: SEC 08 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.7545
  • Longitude: -80.2657

    Address

  • Full Address: 516 Majorca Ave
  • Address - House Number: 516
  • 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: 2,388
  • Tax Year: 2023
  • Tax Amount: $13,588
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 1,528,723
  • High Value: 1,672,324
  • Low Value: 1,385,122

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $388,080
  • First Open Lien Mortgage Lender: PNB FINANCIAL
  • First Open Lien Mortgage Recording Date: Aug 01, 2003
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $388,080
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2033

    Market Valuation

  • Market Total Value: $787,929
  • Market Land Value: $569,296
  • Market Improvement Value: $218,633

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $628,961

    Sales

  • Current Sale Contract Date: Jun 23, 2003
  • Current Sale Recording Date: Aug 01, 2003
  • Current Sale Transaction ID: 1078407555
  • Current Sale Price: $485,100
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2003R0531988
  • Previous Sale Recording Date: Jul 13, 1998
  • Previous Sale Amount: $268,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: PNB FINANCIAL
  • First Mortgage Transaction Date: Aug 01, 2003
  • First Mortgage Loan Amount: $388,080
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Jul 01, 2033

    Financing

  • First Mortgage Financing Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: HAYHURST & ASSOC INC
  • Previous Mortgage Transaction Date: Jul 13, 1998
  • Previous Mortgage Financing Type: unknown
  • Previous Mortgage Loan Amount: $214,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
1,998 ft²
$836/ft²
$1,670,000 Sep 1, 2023
$1,670,000 Oct 12, 2023
$905/mo
House
3 Beds
3 Baths
2,155 ft²
$800/ft²
$1,725,000 Sep 12, 2023
$1,725,000 Nov 9, 2023
$746/mo
House
3 Beds
3 Baths
2,204 ft²
$771/ft²
$1,700,000 Dec 11, 2023
$1,700,000 Mar 5, 2024
$504/mo
House
3 Beds
3 Baths
1,826 ft²
$876/ft²
$1,600,000 Oct 28, 2023
$1,600,000 Jan 8, 2024
$690/mo
House
3 Beds
4 Baths
2,816 ft²
$589/ft²
$1,659,999 Aug 15, 2023
$1,659,999 Oct 30, 2023
$2,089/mo
House
3 Beds
3 Baths
1,945 ft²
$720/ft²
$1,400,000 Dec 8, 2023
$1,400,000 Mar 11, 2024
$569/mo
House
3 Beds
3 Baths
2,254 ft²
$796/ft²
$1,795,000 Nov 24, 2023
-
$1,064/mo
House
3 Beds
3 Baths
2,143 ft²
$793/ft²
$1,700,000 Mar 22, 2024
-
$1,246/mo
House
3 Beds
2 Baths
1,848 ft²
$919/ft²
$1,699,000 Feb 1, 2024
-
$1,057/mo
House
3 Beds
2 Baths
2,108 ft²
$612/ft²
$1,290,000 Feb 23, 2024
-
$1,382/mo
Condo
3 Beds
3 Baths
2,365 ft²
$698/ft²
$1,650,000 Dec 2, 2023
-
$2,685/mo
Condo
3 Beds
4 Baths
2,199 ft²
$589/ft²
$1,295,000 Feb 28, 2024
-
$4,027/mo

About Coral Gables Section


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Nearby Rentals

Unit for rent at 481 Menendez Ave, Coral Gables, FL, 33146

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Unit for rent at 300 Majorca Ave, Coral Gables, FL, 33134

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,254 ft²
300 Majorca Ave #PH404, Coral Gables, FL, 33134 Listing by Daniel Veitia
Unit for rent at 261 Navarre Ave, Coral Gables, FL, 33134

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261 Navarre Ave #C4, Coral Gables, FL, 33134 Listing by Cristina Palomo-Preble


Frequently Asked Questions

When was property at 516 Majorca Avenue built and last sold?
The property at 516 Majorca Avenue was built in 1984 and last sold on Jun 23, 2003 for $485,100.
How much is this home worth?
The estimated value of the home located at 516 Majorca Avenue is $1,639,036.
What are some comparable homes to 516 Majorca Avenue?
Homes that are comparable to 516 Majorca Avenue include a house property at 1718 Costado Street, 720 Madeira Avenue, 642 Valencia Avenue.

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