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8318 Southwest 85th Terrace

8318 Southwest 85th Terrace, Miami, FL 33143
Sold May 08, 2014
$750,000
$543,200 by Truist Bank
Mortgage Due Jul 01, 2035
Sold Jun 09, 2004
$190,000
8318 Southwest 85th Terrace in Miami, FL was first built in 1994 and is 30 years old. 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, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 8318 Southwest 85th Terrace has 2,976 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. In total, the area measurement of the land is 16,250 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a both a pool and a spa on the property. For those who need parking, there is a garage. The garage is 293 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 8318 Southwest 85th Terrace was last sold in May 1, 2014 for $750,000. According to our calculations, that's $178.74 per sqft. Prior to that sales transaction, the property was sold for $190,000 in May 24, 2004. Current property owners are expected to pay $11,615 in taxes per year. The property on 8318 Southwest 85th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $689,169. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 293
  • Parking Space Count: 0
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 16,250
  • Total Building Area: 4,196
  • Gross Building Area: 4,196
  • Building Area: 2,976
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,976
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GALLOWAY ESTATES AT SNAPPER CREEK
  • Land Acres: 0.373
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GALLOWAY ESTATES AT SNAPPER CREEK PB 142-40 T-17406 LOT 3 BLK 3 LOT SIZE 16250 SQ FT F/A/U 30-4034-000-0490 OR 16329-2195 0494 1

Ownership

  • Current Owner : MOORE CARLOS A
  • Current Owner 2: MOORE MARGARITA A
  • Previous Owner : CORDOVEZ ROSANA B
  • Previous Owner 2: VEGA RAMON GUILLERMO
  • Owner Before Previous Owner: TAZOE BETTY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: UNINCORPORATED
  • Census Tract: 007805

Zoning

  • Zoning: 2100

Geography

  • Assessors Map Reference: 234
  • District: 30
  • Parcel: 30-4034-040-0380
  • Block: 3
  • Lot: 3
  • Meridian: SEC 34 TWN 54S RNG 40E
  • Municipality: UNINCORPORATED COUNTY
  • Latitude: 25.6902
  • Longitude: -80.328

    Address

  • Full Address: 8318 Sw 85th Ter
  • Address - House Number: 8318
  • Street Direction: SW
  • Address - Street Name: 85th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Miami
  • Carrier Code: C024
  • 4-Digit Zip Code: 6973
  • Zip Code: 33143

Valuation

    Tax

  • Total Area: 3,529
  • Tax Year: 2023
  • Tax Amount: $11,615
  • Tax Rate Code Area: 3000

    Appraisal Valuation

  • Standard Deviation: 0.1804
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,568,630
  • High Value: 1,851,674
  • Low Value: 1,285,587

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $793,200
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Aug 20, 2020
  • First Open Lien Mortgage Loan Amount: $543,200
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2035
  • Second Open Lien Mortgage Lender: BANK OF AMERICA, N.A.
  • Second Open Lien Mortgage Recording Date: Jun 26, 2023
  • Second Open Lien Mortgage Loan Amount: $250,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jun 12, 2053

    Market Valuation

  • Market Total Value: $996,085
  • Market Land Value: $517,509
  • Market Improvement Value: $478,576

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $689,169

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2014
  • Current Sale Recording Date: May 08, 2014
  • Current Sale Transaction ID: 11458383999
  • Current Sale Price: $750,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2014R0333730
  • Previous Sale Recording Date: Jun 09, 2004
  • Previous Sale Contract Date: May 24, 2004
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: May 08, 2014
  • First Mortgage Loan Amount: $600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2044

About Kendall



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Frequently Asked Questions

What neighborhood is 8318 Southwest 85th Terrace located in?
The 8318 Southwest 85th Terrace is a located in the neighborhood of Galloway Estates at Snapper Creek in Kendall, Miami.
What is the average sales price for listings in 8318 Southwest 85th Terrace?
The average sales price for units in 8318 Southwest 85th Terrace is $0 currently.

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