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7401 Center Bay Drive

7401 Center Bay Drive, Miami Beach, FL 33141
Sold Jun 29, 2018
$590,000
$453,100 by United Wholesale Mortgage
Mortgage Due Jul 01, 2048
Sold Jun 03, 2011
$350,000
$341,127 by Home Financing Center Inc
Mortgage Due Jun 01, 2041
Local assessors in Miami Beach, FL have categorized 7401 Center Bay Drive as a residential type of property. The home was built in 1941 and is 83 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 7,700 square feet. The linear feet between the front and back of the lot was measured at 1,100 ft and the front of the lot was measured at 700 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7401 Center Bay Drive has a total of 1,783 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Lots of a combination of material were used in the construction of the exterior walls of the home. 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, 7401 Center Bay Drive sold most recently in Jun 21, 2018 for a total of $590,000. If you work out the math, that's approximately a cost of $330.90 per sqft. Before that, the property was also sold for $350,000 in May 31, 2011. 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 $11,981 in taxes each year. 7401 Center Bay Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $494,062. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1941
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 7,700
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,783
  • Gross Building Area: 1,783
  • Building Area: 1,783
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,783
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTH BAY ISLAND
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 9 53 42 NORTH BAY ISLAND PB 40-59 LOT 1 BLK 4 LOT SIZE 70.000 X 110 OR 10865-1530 0980 6 COC 21579-0419 08 2003 1

Ownership

  • Current Owner : DEFRIETAS PEDRO
  • Previous Owner : AGUILAR RUBEN D
  • Previous Owner 2: BLASON AGUILAR MERCEDES D
  • Owner Before Previous Owner: THE CENTERPOINT GROUP LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: NORTH BAY VIL
  • Census Tract: 003918

Zoning

  • Zoning: 0900

Geography

  • Assessors Map Reference: 170
  • District: 23
  • Parcel: 23-3209-008-0770
  • Block: 4
  • Lot: 1
  • Meridian: SEC 09 TWN 53S RNG 42E
  • Municipality: NORTH BAY VILLAGE
  • Latitude: 25.8444
  • Longitude: -80.1586

    Address

  • Full Address: 7401 Center Bay Dr
  • Address - House Number: 7401
  • Address - Street Name: Center Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: North Bay Village
  • Carrier Code: C007
  • 4-Digit Zip Code: 4013
  • Zip Code: 33141

Valuation

    Tax

  • Total Area: 1,687
  • Tax Year: 2023
  • Tax Amount: $11,981
  • Tax Rate Code Area: 2300

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,143,754
  • High Value: 1,350,451
  • Low Value: 937,057

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $713,100
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 29, 2018
  • First Open Lien Mortgage Loan Amount: $453,100
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2048
  • Second Open Lien Mortgage Lender: FIRST AMERICAN BANK
  • Second Open Lien Mortgage Recording Date: Mar 08, 2024
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $260,000
  • Second Open Lien Mortgage Term: 117
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2034

    Market Valuation

  • Market Total Value: $774,197
  • Market Land Value: $600,754
  • Market Improvement Value: $173,443

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $494,062

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 21, 2018
  • Current Sale Recording Date: Jun 29, 2018
  • Current Sale Transaction ID: 11479827848
  • Current Sale Price: $590,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018R0385644
  • Previous Sale Recording Date: Jun 03, 2011
  • Previous Sale Contract Date: May 31, 2011
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Jun 29, 2018
  • First Mortgage Loan Amount: $453,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: HOME FINANCING CENTER INC
  • Previous Mortgage Transaction Date: Jun 03, 2011
  • Previous Mortgage Loan Amount: $341,127
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2041

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Frequently Asked Questions

What neighborhood is 7401 Center Bay Drive located in?
The 7401 Center Bay Drive is a house located in the neighborhood of North Bay Island in North Bay Village, Miami Beach.
What is the average sales price for listings in 7401 Center Bay Drive?
The average sales price for units in 7401 Center Bay Drive is $0 currently.

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