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517 Minorca Avenue

517 Minorca Avenue, Miami, FL 33134
Sold Nov 22, 2006
$799,000
$610,000 by Network Capital Funding Corp
Mortgage Due Jan 01, 2039
Sold Jun 05, 2006
$799,000
$519,350 by Bac Florida Bank
Mortgage Due Jun 01, 2036
517 Minorca Avenue has been categorized by the local assessors in Miami, FL as a residential type of property. The building on the property was first built in 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 1985. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 517 Minorca Avenue has 1,622 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,260 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 8,475 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete block control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable or hip style roof made of tile. The exterior walls of the building are made of a material which is produced from two or more constituent materials. As for the floors, you'll see that the home has flooring throughout. 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, 517 Minorca Avenue was last sold in Nov 16, 2006 for $799,000. According to our calculations, that's $440.95 per sqft. Prior to that sales transaction, the property was sold for $799,000 in May 31, 2006. Current property owners are expected to pay $9,179 in taxes per year. The property on 517 Minorca Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $487,154. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1985
  • Building Count: 2
  • Bedroom Count: 2
  • 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,475
  • Lot Size Depth Feet: 2,260
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,812
  • Gross Building Area: 1,812
  • Building Area: 1,622
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,622
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORAL GABLES
  • Land Acres: 0.195
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 7-8 54 41 CORAL GABLES SEC B PB 5-111 LOT 17 & W1/2 LOT 16 BLK 14 LOT SIZE IRREGULAR OR 19559-4638 03/2001 1 COC 25122-2823 11 2006 1

Ownership

  • Current Owner : GIMENEZ CARLOS J
  • Current Owner 2: CRUZ TANIA G
  • Previous Owner : MUGHAL ARIF
  • Previous Owner 2: MUGHAL ZUBIA
  • Owner Before Previous Owner: HODGES WILLIAM G
  • Owner Before Previous Owner 2: RODRIGUEZ ARTURO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

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: 03-4108-001-2370
  • Block: 14
  • Lot: 17,16
  • Meridian: SEC 08 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.7534
  • Longitude: -80.2657

    Address

  • Full Address: 517 Minorca Ave
  • Address - House Number: 517
  • Address - Street Name: Minorca
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C031
  • 4-Digit Zip Code: 4225
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 1,749
  • Tax Year: 2023
  • Tax Amount: $9,179
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,495,038
  • High Value: 1,762,480
  • Low Value: 1,227,597

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $610,000
  • First Open Lien Mortgage Lender: NETWORK CAPITAL FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jan 03, 2024
  • First Open Lien Mortgage Loan Amount: $610,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2039

    Market Valuation

  • Market Total Value: $1,003,532
  • Market Land Value: $768,550
  • Market Improvement Value: $234,982

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $487,154

    Sales

  • Current Sale Contract Date: Nov 16, 2006
  • Current Sale Recording Date: Nov 22, 2006
  • Current Sale Transaction ID: 1078407521
  • Current Sale Price: $799,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2006R1249589
  • Previous Sale Recording Date: Jun 05, 2006
  • Previous Sale Contract Date: May 31, 2006
  • Previous Sale Amount: $799,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COUNTRYWIDE HOME LOANS INC
  • First Mortgage Transaction Date: Nov 22, 2006
  • First Mortgage Loan Amount: $639,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: BAC FLORIDA BANK
  • Previous Mortgage Transaction Date: Jun 05, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $519,350
  • 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: Jun 01, 2036

About Coral Gables Section



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Frequently Asked Questions

What neighborhood is 517 Minorca Avenue located in?
The 517 Minorca Avenue is a located in the neighborhood of Coral Gables Section in Coral Gables Section, Miami.
What is the average sales price for listings in 517 Minorca Avenue?
The average sales price for units in 517 Minorca Avenue is $0 currently.

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