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6031 Southwest 62nd Terrace

6031 Southwest 62nd Terrace, Miami, FL 33143
House in South Miami
Sold Apr 06, 2020
$393,000
$378,630 by Quicken Loans Llc
Mortgage Due Feb 01, 2051
Sold Jun 25, 2019
$300,000
$307,485 by Sherman Bridge Alt Fund Lp
Mortgage
6031 Southwest 62nd Terrace 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 1971 and is 53 years old. However, we must point out that the home was most recently renovated and altered in 2001. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 6031 Southwest 62nd Terrace has 1,584 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 870 ft and across the front of the lot is 575 ft. The area measurement of the land has been determined as 5,003 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 E by the local assessor. The exterior walls of the building are made of a combination of material. 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, 6031 Southwest 62nd Terrace sold most recently in Mar 17, 2020 for a total of $393,000. If you work out the math, that's approximately a cost of $231.31 per sqft. Before that, the property was also sold for $300,000 in Jun 11, 2019. 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 $5,408 in taxes each year. 6031 Southwest 62nd Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $321,612. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

Exterior

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

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,003
  • Lot Size Depth Feet: 870
  • Lot Size Frontage Feet: 575
  • Total Building Area: 1,699
  • Gross Building Area: 1,699
  • Building Area: 1,584
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,584
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FRANKLIN SUB
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FRANKLIN SUB PB 5-34 LOT 99 LESS S13FT BLK 18 & 7.5FT ALLEY LYG W & ADJ CLOSED PER R-92-1515 LOT SIZE 57.500 X 87

Ownership

  • Current Owner : MESA NATALIE
  • Current Owner 2: MARTINEZ PABLO
  • Previous Owner : J R CAPITAL INVESTMENTS LLC
  • Owner Before Previous Owner: COKES WATSON JR
  • Owner Before Previous Owner 2: COKES WATSON JR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: SOUTH MIAMI
  • Census Tract: 007603

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 225
  • District: 09
  • Parcel: 09-4025-010-1020
  • Block: 18,7
  • Lot: 99
  • Meridian: SEC 25 TWN 54S RNG 40E
  • Municipality: SOUTH MIAMI
  • Latitude: 25.7131
  • Longitude: -80.2922

    Address

  • Full Address: 6031 Sw 62nd Ter
  • Address - House Number: 6031
  • Street Direction: SW
  • Address - Street Name: 62nd
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: South Miami
  • Carrier Code: C035
  • 4-Digit Zip Code: 2255
  • Zip Code: 33143

Valuation

    Tax

  • Total Area: 1,629
  • Tax Year: 2023
  • Tax Amount: $5,408
  • Tax Rate Code Area: 900

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 658,856
  • High Value: 773,834
  • Low Value: 543,878

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $378,630
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Feb 03, 2021
  • First Open Lien Mortgage Loan Amount: $378,630
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $422,611
  • Market Land Value: $205,123
  • Market Improvement Value: $217,488

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $321,612

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2020
  • Current Sale Recording Date: Apr 06, 2020
  • Current Sale Transaction ID: 11754433925
  • Current Sale Price: $393,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0209651
  • Previous Sale Recording Date: Jun 25, 2019
  • Previous Sale Contract Date: Jun 11, 2019
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Personal Representatives Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Apr 06, 2020
  • First Mortgage Loan Amount: $379,883
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: SHERMAN BRIDGE ALT FUND LP
  • Previous Mortgage Transaction Date: Jun 25, 2019
  • Previous Mortgage Loan Amount: $307,485
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 6031 Southwest 62nd Terrace located in?
The 6031 Southwest 62nd Terrace is a house located in the neighborhood of South Miami in South Miami, Miami.
What is the average sales price for listings in 6031 Southwest 62nd Terrace?
The average sales price for units in 6031 Southwest 62nd Terrace is $0 currently.

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