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597 Hibiscus Lane

597 Hibiscus Lane, Miami, FL 33137
House in Bay Point
Sold Aug 31, 2022
$5,500,000
$3,450,000 by Bradesco Bac Florida Bank
Mortgage Due Sep 01, 2052
Sold Dec 24, 2013
$2,725,000
Local assessors in Miami, FL have categorized 597 Hibiscus Lane as a residential type of property. The home was built in 1949 and is 75 years old. It was most recently renovated and altered in 2008. The property's lot size has been calculated to be 13,367 square feet. The linear feet between the front and back of the lot was measured at 1,580 ft and the front of the lot was measured at 840 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 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 597 Hibiscus Lane has a total of 3,599 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. The building has a rigid frame bar style roof. Lots of stucco 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, 597 Hibiscus Lane sold most recently in Aug 29, 2022 for a total of $5,500,000. If you work out the math, that's approximately a cost of $1,363.07 per sqft. Before that, the property was also sold for $2,725,000 in Dec 18, 2013. 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 $94,141 in taxes each year. 597 Hibiscus Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $4,561,136. If we break it down further, the land itself was valued at $1,851,330. Improvements to the property, however, were assessed at a total of $2,709,806. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.

Building Features

Driveway

Driveway

Exterior

Block Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • 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
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,367
  • Lot Size Depth Feet: 1,580
  • Lot Size Frontage Feet: 840
  • Total Building Area: 4,035
  • Gross Building Area: 4,035
  • Building Area: 3,599
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,599
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAY POINT
  • Land Acres: 0.307
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAY POINT PB 40-63 LOT 5 BLK 9 AND PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 84.600 X 158 OR 16211-0535 0194 1 COC 24489-3080 04 2006 1

Ownership

  • Current Owner : 597 HIBISCUS LN LLC
  • Previous Owner : EDUARDO CONSTANTINI
  • Owner Before Previous Owner: RICHARD KARINE
  • Owner Before Previous Owner 2: RICHARD KAREEN
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002100

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 175
  • District: 01
  • Parcel: 01-3219-008-1390
  • Block: 9
  • Lot: 5
  • Meridian: SEC 19 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8194
  • Longitude: -80.1858

    Address

  • Full Address: 597 Hibiscus Ln
  • Address - House Number: 597
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Miami
  • Carrier Code: C054
  • 4-Digit Zip Code: 3322
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 3,725
  • Tax Year: 2023
  • Tax Amount: $94,141
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1847
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 6,113,546
  • High Value: 7,242,954
  • Low Value: 4,984,138

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,450,000
  • First Open Lien Mortgage Lender: BRADESCO BAC FLORIDA BANK
  • First Open Lien Mortgage Recording Date: Aug 31, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,450,000
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $4,561,136
  • Market Land Value: $1,851,330
  • Market Improvement Value: $2,709,806

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,561,136
  • Assessed Land Value: $1,851,330
  • Assessed Improvements Value: $2,709,806

    Sales

  • Current Sale Contract Date: Aug 29, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Transaction ID: 11895733066
  • Current Sale Price: $5,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 684748
  • Previous Sale Recording Date: Dec 24, 2013
  • Previous Sale Contract Date: Dec 18, 2013
  • Previous Sale Amount: $2,725,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRADESCO BAC FLORIDA BANK
  • First Mortgage Transaction Date: Aug 31, 2022
  • First Mortgage Loan Amount: $3,450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Northern Miami



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Frequently Asked Questions

What neighborhood is 597 Hibiscus Lane located in?
The 597 Hibiscus Lane is a house located in the neighborhood of Bay Point in Northern Miami, Miami.
What is the average sales price for listings in 597 Hibiscus Lane?
The average sales price for units in 597 Hibiscus Lane is $0 currently.

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