Author: Mario Avalos

12401 SW 97 ST Kendall FL $335,000 (SOLD)

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Not a foreclosure nor short sale. No HOA. Corner-lot home with pool and 2-car garage in spectacular location of central Kendall. Vaulted wooden ceilings hover over open dining / living areas. Two-year old roof, hurricane shutters, solar water heater and tiled flooring. Updated open kitchen layout with breakfast counter tops overlooking family room with functional fire-place. Spacious master bedroom with ample closet space and private bathroom. Large screened yard / bricked patio with storage.

Property details:

  • Address: 12401 SW 97 ST
  • City, State and Zip: Kendall FL 33186
  • Asking Price for sale: $335,000
  • Short sale or foreclosure: No/ No
  • Type of property: single family home
  • Subdivision: Pakto Sub
  • Living and lot size (sqft): 2,342/ 7,702
  • Year built: 1986
  • Beds, full baths and half baths: 4/2/0
  • Garage: 2
  • Water front or access: No/ No
  • Exterior walls and roof: concrete/ shingle
  • Floor and pool: tile/ yes
  • Heating and cooling: central/ central
  • Sewer: municipal

What’s Up Around This Home?

Publication1

Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $336,000:

  • FHA loan with 3.5% down: $1,637
  • Conventional loan with 5% down: $1,612
  • Conventional loan with 10% down: $1,527
  • Conventional loan with 20% down: $1,357

Need other mortgage scenarios? Mortgage Calculator

Local Schools:

Location:

 

Area Demographics:

  • Average Income: $74,754
  • Population: 65,433
  • Owners vs Renters: 72% and 28%

Check out the latest Kendall 33186 Demographics Summary or Kendall 33186 Demographics Detailed analysis.

Nearest Rotary Clubs:

What’s Rotary? Neighbors, community leaders, and global citizens uniting for the common good. Learn more at Rotary.org

Questions? Call / Text 305.305.1535 or Email Me!

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Prices Up. Show Me The Money!

Image Mario AvalosLeave a comment

budildings in kendall

A combination of almost no available inventory due to sellers holding on to the fence and foreclosed homes not hitting the market at expected rates is creating a nice upward price-ride for home sellers. Price a property 5% to 10% above fair market value based on sold comparable during last 6 months and it will sell. Obviously, choosing the comps are key to determining the correct floor to set the price. So…if there no inventory, buyers are getting loans and have the cash to close them…where’s the bump in the road?  Appraisals.

Appraisals continue to be the itch in a healing wound. If they was only a science to calculating price across the board, life would rock. But it’s not a science. Unfortunately its an art. Yes…Zillow is good at getting close to giving an idea of what is a house is worth, but not great. Mind you…I am a fan of them. But this is not about Zillow or the appraisers. This is about an industry that is picking up at a pace no one ever saw coming.

Critics. Say what you want. This is a phase. This is temporary. Who cares. Even if it is. Its a step int the right direction. Its positive news. And we will take it any day of the week. Based on numbers, I don’t think this is temporary. At least not in Miami Dade County considering that at this point in time there is only a 4-month supply of inventory across single family homes, townhouses and condos. Yes. Condos. I know. I can’t believe it either. Don’t believe me? Put you property for sale at the right price (just for cracks and giggles), and you will see offers (plural) lining out the door. And that goes for ugly homes too.