by RH Advisors

See Home Value
$2,100,000
House - Off Market

738 Fernwood Rd

Key Biscayne, FL 33149
bedrooms
3 Beds
bathrooms
2 Baths
$2,280,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
FL-Miami
Primary Model

About This Property

Your opportunity to live in Key Biscayne or build your dream home!!! Walkable distance to CVS, stores, and restaurants around the area, the kids can walk around the island to school, the beach, and the afternoon activities,. The house is a cute Mackle home, with 3 bedrooms, a high ceiling in the living area, a family room facing the backyard, renovated kitchen with Viking appliances, a dining room, and a new AC. If you are looking for an investment, the house has a perfect tenant in place until Jan/24, or build your dream house!!!
Unit Size
-
Days on Market
80 days
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,011
HOA Dues
-
Year Built
1951
Last updated: 6 months ago (Miami MLS #A11443287)

Price History

Date / Event Date Event Price
Nov 20, 2023 Sold $2,100,000
Sold
Oct 16, 2023 In contract -
In contract
Sep 27, 2023 Price Decreased $2,280,000
↓ $220K (8.8%)
Price Decreased
Aug 25, 2023 Listed by AG Real Estate Advisors, LLC $2,500,000
Listed by AG Real Estate Advisors, LLC
Aug 30, 2021 Sold to Claudia Marina Busoli, Emil... $1,769,000
Sold to Claudia Marina Busoli, Emil...
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1990
  • 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,726
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 773
  • Total Building Area: 1,551
  • Gross Building Area: 1,551
  • Building Area: 1,312
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,312
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BISCAYNE KEY ESTS
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BISCAYNE KEY ESTS PB 50-61 LOT 3 BLK 17 LOT SIZE 77.260 X 100 OR 11847-646 0683 6

Ownership

  • Current Owner : FERNWOOD KB LLC
  • Previous Owner : BUSOLI EMILIO CESAR
  • Previous Owner 2: BUSOLI CLAUDIA MARINA
  • Owner Before Previous Owner: READ ELIZABETH R
  • Owner Before Previous Owner 2: THE READ FAMILY TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: KEY BISCAYNE
  • Census Tract: 004602

Zoning

  • Zoning: 5700

Geography

  • Assessors Map Reference: 325
  • District: 24
  • Parcel: 24-5205-001-2760
  • Block: 17
  • Lot: 3
  • Meridian: SEC 05 TWN 55S RNG 42E
  • Municipality: KEY BISCAYNE
  • Latitude: 25.6877
  • Longitude: -80.1654

    Address

  • Full Address: 738 Fernwood Rd
  • Address - House Number: 738
  • Address - Street Name: Fernwood
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Key Biscayne
  • Carrier Code: C089
  • 4-Digit Zip Code: 2406
  • Zip Code: 33149

Valuation

    Tax

  • Total Area: 1,372
  • Tax Year: 2023
  • Tax Amount: $29,376
  • Tax Rate Code Area: 2400

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 2,414,768
  • High Value: 2,842,764
  • Low Value: 1,986,772

    Market Valuation

  • Market Total Value: $1,935,778
  • Market Land Value: $1,776,980
  • Market Improvement Value: $158,798

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,662,108

    Sales

  • Current Sale Contract Date: Nov 09, 2023
  • Current Sale Recording Date: Nov 20, 2023
  • Current Sale Transaction ID: 11917446344
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 832737
  • Previous Sale Recording Date: Aug 30, 2021
  • Previous Sale Contract Date: Jul 28, 2021
  • Previous Sale Amount: $1,769,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • Previous Mortgage Transaction Date: Aug 30, 2021
  • Previous Mortgage Loan Amount: $1,326,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
3 Baths
2,174 ft²
$1,046/ft²
$2,275,000 Jul 6, 2023
$2,275,000 Sep 27, 2023
$2,883/mo
Condo
3 Beds
3 Baths
2,834 ft²
$706/ft²
$2,000,000 Jun 27, 2023
$2,000,000 Oct 10, 2023
$3,398/mo
Condo
3 Beds
2 Baths
1,782 ft²
$982/ft²
$1,750,000 Jul 17, 2023
$1,750,000 Oct 4, 2023
$3,264/mo
Condo
2 Beds
2 Baths
1,875 ft²
$1,200/ft²
$2,250,000 Jul 1, 2023
$2,250,000 Nov 9, 2023
$2,556/mo
Condo
3 Beds
3 Baths
2,208 ft²
$949/ft²
$2,095,000 Jun 1, 2023
-
$4,041/mo
Condo
3 Beds
3 Baths
2,690 ft²
$929/ft²
$2,500,000 Aug 8, 2023
-
$3,550/mo
Condo
3 Beds
3 Baths
2,457 ft²
$1,018/ft²
$2,500,000 Nov 17, 2022
-
$3,441/mo
Condo
3 Beds
3 Baths
2,470 ft²
$1,051/ft²
$2,595,000 Aug 18, 2023
-
$3,192/mo
Condo
4 Beds
4 Baths
2,442 ft²
$983/ft²
$2,400,000 Oct 24, 2023
-
$2,494/mo
Condo
2 Beds
2 Baths
1,496 ft²
$1,604/ft²
$2,399,000 Jan 25, 2023
-
$3,083/mo
Condo
4 Beds
3.5 Baths
2,442 ft²
$983/ft²
$2,400,000 Nov 8, 2023
-
$2,494/mo
Condo
4 Beds
4 Baths
1,700 ft²
$1,200/ft²
$2,040,000 Sep 20, 2023
-
$1,213/mo

About Key Biscayne


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Frequently Asked Questions

When was property at 738 Fernwood Road built and last sold?
The property at 738 Fernwood Road was built in 1951 and last sold on Nov 9, 2023 for $2,100,000.
How much is this home worth?
The estimated value of the home located at 738 Fernwood Road is $2,525,000.
What are some comparable homes to 738 Fernwood Road?
There are currently no comparable homes to 738 Fernwood Road.

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