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Miami Lakes 33014 Miami Lakes
6331 Lake Champlain Terrace
$396,000
● House - Off Market

6331 Lake Champlain Terrace

Miami Lakes, FL 33014
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,001 Ft²
$773,825
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model

About This Property

Beautiful 4/2 in the heart of the original Miami Lakes on Lake Patricia. Formal living room, spacious kitchen with custom cabinets and breakfast counter, large family room with formal dining room overlooking the lake.  House has beautiful oak and bamboo wood flooring throughout. Oversized lot with brick paver patio and walkways, lots of grown in trees, garden area and sanded beach.  The oak lined street is on a cul-de-sac with no outside traffic.  The perfect place for you to call home. Motivated Sellers.
Unit Size
2,001 Ft²
Days on Market
11 days
Land Size
0.31 acres
Price per sqft
$207
Property Type
House
Property Taxes
$267
HOA Dues
$4
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (Space Coast MLS #692398)

Price History

Date / Event Date Event Price
May 23, 2014 Sold
Premium
Sold
Mar 23, 2014 Listed by East Coast Properties, LLC $414,000
Listed by East Coast Properties, LLC
May 28, 2013 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 225
  • Parking Space Count: 0
  • Patio Type: 8
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,760
  • Total Building Area: 2,387
  • Gross Building Area: 2,387
  • Building Area: 2,001
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,001
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MIAMI LAKES
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 0101
  • State Land Use Code: 001
  • Legal Description 1: 24 52 40 MIAMI LAKES SEC 2 PB 76-70 LOT 15 & RIP RTS BLK 2-A PR ADD 6331 NW 143 ST LOT SIZE 12760 SQ FT F/A/U 30-2024-005-0440

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI LAKES
  • Census Tract: 009305

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 28
  • District: 32
  • Parcel: 32-2024-005-0440
  • Block: 2
  • Lot: 15
  • Meridian: SEC 24 TWN 52S RNG 40E
  • Municipality: MIAMI LAKES
  • Latitude: 25.9033
  • Longitude: -80.3024

    Address

  • Full Address: 6331 Lake Champlain Ter
  • Address - House Number: 6331
  • Address - Street Name: Lake Champlain
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Miami Lakes
  • Carrier Code: C093
  • 4-Digit Zip Code: 3022
  • Zip Code: 33014

Valuation

    Tax

  • Total Area: 2,238
  • Tax Year: 2023
  • Tax Amount: $711,600
  • Tax Rate Code Area: 3200

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 880,022
  • High Value: 1,032,779
  • Low Value: 727,266

    Market Valuation

  • Market Total Value: $596,816
  • Market Land Value: $319,095
  • Market Improvement Value: $277,721

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $408,343

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2004
  • Current Sale Recording Date: May 23, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014R0372646
  • Previous Sale Recording Date: May 28, 2013
  • Previous Sale Contract Date: May 27, 2013
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Miami Lakes

Stats & Trends

Median Asking:

$722,500

Sale Price/ft²

$383

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2143 ft²

Average Home Age

35.7 years

Currently For Sale

98 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 957 W 67th Street, Hialeah, FL, 33012

$4,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,585 ft²
957 W 67th Street, Hialeah, FL, 33012 Listing by Milagros Caridad Dematteo

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Angela Garrison, East Coast Properties, LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 692398
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 6331 Lake Champlain Terrace built and last sold?
The property at 6331 Lake Champlain Terrace was built in 1963 and last sold on May 1, 2004 for $396,000.
How much is this home worth?
The estimated value of the home located at 6331 Lake Champlain Terrace is $0.
What are some comparable homes to 6331 Lake Champlain Terrace?
There are currently no comparable homes to 6331 Lake Champlain Terrace.
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