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700 Lake Road

700 Lake Road, Miami, FL 33137
House in Bay Point
Sold Apr 30, 2021
$5,300,000
Sold Sep 23, 2013
$5,116,000
$3,290,000 by Espirito Santo Bank
Mortgage Due Oct 01, 2043
700 Lake Road in Miami, FL was first built in 1981 and is 43 years old. Although, the building on the property was most recently renovated and altered in 2010. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 700 Lake Road has 5,126 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 1,470 ft and the linear feet between the front and back of the lot is 1,300. In total, the area measurement of the land is 19,110 square feet.

Learn more about the property and building on this page. There is a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. 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 quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of a combination of material. The property was last sold in Apr 22, 2021 for $5,300,000. That's $913.64 per sqft. Prior to that sales transaction, the property was also sold in Sep 19, 2013 for $5,116,000. 700 Lake Road was last assessed in 2023. The total value of the property was assessed at $5,280,596. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $113,991. The initial tax year of delinquency was in 2018. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Block Exterior

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 19,110
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,470
  • Total Building Area: 5,801
  • Gross Building Area: 5,801
  • Building Area: 5,126
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,126
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAY POINT
  • Land Acres: 0.439
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAY POINT PB 40-63 W1/2 LOT 8 & ALL LOT 9 BLK 11 & PROP INT IN & TO COMMON ELEMENTS NOT DEDICATED TO PUBLIC LOT SIZE 147.00 X 130.00 OR 21193-0004 02 2003 1 COC 25905-4368 08 2007 4

Ownership

  • Current Owner : FERNANDEZ AURELIO E
  • Current Owner 2: FERNANDEZ BERTA
  • Previous Owner : BLUE CAPITAL MANAGEMENT INC
  • Owner Before Previous Owner: LAKE ROAD 700 LLC
  • 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: 01-3219-008-1640
  • Block: 11
  • Lot: 8,9
  • Meridian: SEC 19 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8216
  • Longitude: -80.1816

    Address

  • Full Address: 700 Lake Rd
  • Address - House Number: 700
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Miami
  • Carrier Code: C054
  • 4-Digit Zip Code: 3331
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 4,972
  • Tax Year: 2023
  • Tax Amount: $113,991
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 49,907
  • High Value: 54,596
  • Low Value: 45,219

    Market Valuation

  • Market Total Value: $6,036,077
  • Market Land Value: $5,446,350
  • Market Improvement Value: $589,727

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,280,596

    Sales

  • Current Sale Contract Date: Apr 22, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Transaction ID: 11835106963
  • Current Sale Price: $5,300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0303490
  • Previous Sale Recording Date: Sep 23, 2013
  • Previous Sale Contract Date: Sep 19, 2013
  • Previous Sale Amount: $5,116,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: ESPIRITO SANTO BANK
  • Previous Mortgage Transaction Date: Sep 23, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $3,290,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Oct 01, 2043

About Northern Miami



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Frequently Asked Questions

What neighborhood is 700 Lake Road located in?
The 700 Lake Road is a house located in the neighborhood of Bay Point in Northern Miami, Miami.
What is the average sales price for listings in 700 Lake Road?
The average sales price for units in 700 Lake Road is $0 currently.

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