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641 Palermo Avenue

641 Palermo Avenue, Miami, FL 33134
Property in Coral Gables
Sold Nov 24, 1993
$198,000
$158,400 by Equity Mtg Corp
Mortgage
Sold Sep 22, 1993
Transfer
641 Palermo Avenue in Miami, FL was first built in 1945 and is 79 years old. Although, the building on the property was most recently renovated and altered in 1951. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 641 Palermo Avenue has 1,534 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 700 ft and the linear feet between the front and back of the lot is 2,000. In total, the area measurement of the land is 7,000 square feet.

Learn more about the property and building on this page. There is a unknown. For those who need parking, there is a garage. The garage is 138 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The exterior walls of the home 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, 641 Palermo Avenue sold most recently in Nov 18, 1993 for a total of $198,000. If you work out the math, that's approximately a cost of $107.08 per sqft. 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 $5,410 in taxes each year. 641 Palermo Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $281,322. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1951
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 138
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,849
  • Gross Building Area: 1,849
  • Building Area: 1,534
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,534
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BILTMORE ADDN RESUB
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BILTMORE ADDN RESUB BLKS 37-39-40 PB 42-50 LOT 9 BLK 37 LOT SIZE 70 X 100 OR 16141-2964 1193 5

Ownership

  • Current Owner : HOLIAN JOHN
  • Current Owner 2: HOLIAN ADA L
  • Previous Owner : HOYOS HORACIO
  • Previous Owner 2: HOYOS MATIAS
  • Owner Before Previous Owner: MARIN GILBERTO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006104

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 253
  • District: 03
  • Parcel: 03-4117-012-0090
  • Block: 37-39
  • Lot: 9
  • Meridian: SEC 17 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.745
  • Longitude: -80.2683

    Address

  • Full Address: 641 Palermo Ave
  • Address - House Number: 641
  • Address - Street Name: Palermo
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C047
  • 4-Digit Zip Code: 5615
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 1,685
  • Tax Year: 2023
  • Tax Amount: $5,410
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.1776
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 1,308,576
  • High Value: 1,541,046
  • Low Value: 1,076,106

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $228,400
  • First Open Lien Mortgage Lender: EQUITY MTG CORP
  • First Open Lien Mortgage Recording Date: Nov 24, 1993
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $158,400
  • First Open Lien Mortgage Position: 1
  • Second Open Lien Mortgage Lender: SPACE COAST CU
  • Second Open Lien Mortgage Recording Date: Aug 20, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $70,000
  • Second Open Lien Mortgage Term: 166
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 25, 2035

    Market Valuation

  • Market Total Value: $729,054
  • Market Land Value: $524,832
  • Market Improvement Value: $204,222

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $281,322

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 18, 1993
  • Current Sale Recording Date: Nov 24, 1993
  • Current Sale Transaction ID: 1078418978
  • Current Sale Price: $198,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 22, 1993
  • Previous Sale Contract Date: Aug 10, 1993
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY MTG CORP
  • First Mortgage Transaction Date: Nov 24, 1993
  • First Mortgage Loan Amount: $158,400

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 641 Palermo Avenue located in?
The 641 Palermo Avenue is a located in the neighborhood of Coral Gables in Coral Gables, Miami.
What is the average sales price for listings in 641 Palermo Avenue?
The average sales price for units in 641 Palermo Avenue is $0 currently.

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