3 Bedroom, 2.5 Baths Residential Rental asking $2,800
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8416 SW 208 TER Cutler Bay FL $245,000
FHA or VA OK! Completely updated immaculate Saga Bay town-home. Tall ceilings, endless closet space, and wood laminate flooring throughout. Large windows allow for plenty of natural light and make unit larger than actual size. Open kitchen layout with granite counter tops, top-tier white appliances, and wood cabinetry overlooking spacious family room. Wide rooms and large master bed room with private bathroom and walk-in closet. Tiled and gated patio with access to walking trail. Laundry inside unit.
Property Details:
- Asking Price for sale: $245,000
- Short sale or foreclosure: no/ no
- Type of property: town-home
- Living and lot size: 1,760 / 2,240
- Year built: 1987
- Beds, full baths and half baths: 3 / 2 / 1
- Garage: 0
- Water front or access: no /no
- Exterior walls and roof: concrete / tile
- Floor and pool: wood laminate / no
- Heating and cooling: central / central
- Sewer: municipal
Get Your Home Value (305) 305-1535
Monthly Mortgage Payment at 3.41% interest rate, 30-year fixed, and purchase price of $245,00:
- Conventional loan with 10% down: $980
- Conventional loan with 20% down: $870
- FHA loan with 3.5% down: $1,050
Local Schools:
- Dr. Edward L. Whigham Elementary School
- Cutler Bay Academy of Advanced Studies, Cutler Ridge Campus
- Miami Southridge Senior High
Location:
Area Demographics:
- Average Income: $57,714
- Population: 25,107
- Owners vs Renters: 61% and 39%
Nearest Rotary Clubs:
- Miami Kendall Rotary Club
- Miami Dadeland Pinecrest Rotary Club
- Perrine Cutler Ridge Palmetto Rotary Club
What’s Rotary? Neighbors, community leaders, and global citizens uniting for the common good. Learn more at Rotary.org
Home Prices Spike. And There Are No Homes For Sale!
It’s a seller’s market throughout Miami as prices get hot during the first quarter of 2015. Quite a turn around from the later half of 2014. Why the rebound? Foreclosures are no where to be seen and equity sellers (regular home owners like you and I) are gripping to their homes with vengeance reclaiming what they had lost in value since the real estate crisis.
This lack of inventory is giving buyers little to choose from and even lesser price negotiation leverage. Sellers are literally getting away with murder by asking what they want for their home, and getting it.
What’s the outlook? If you ask a seller, bright. If you’re asking a buyer, it sucks. The foreclosure market is expected to continue to dwindle. The economy is expected to continue to improve. And as long as home price appreciation meets or exceeds the cost for home owners to hold onto their properties, the expectation is that they’ll wait “a bit longer” to sell.
What was the average home worth in 2010 vs now is 2015? See below graph.
How long are single family homes staying in the market until they are sold? See below graph.
What type of sales are dominating your neighborhood? See below graph.
Oak Hammocks Townhomes At Cutler Bay $8,415,000 (SOLD)
Get Your Home Value or Call (305) 305-1535
FHA OK! New construction consisting of 33 premium built town-houses in the heart of Cutler Bay. Community has private lake, pool and adjacent to government protected nature preserve. Electric security gate. All units have an open kitchen, living and dining room layout. Models available with bedroom and full private bathroom (en-suite) on first floor. Extra large master bedrooms with her/his (dual) walk-in closets, and master bathrooms with walk-in shower and double sinks. Spacious bedrooms with balcony. One or two-car garage available. Interior upgrades can be requested.
Download the Oak Hammocks Site and Floor Plans in PDF.
Chestnut Model
Laurel/Myrtle Model
Willow Model
- Transaction Type: Developer Representation
- Community Address: 22433 SW 102 AV
- City, State and Zip: Miami, FL 33190
- Asking Price for sale: between $240,000s and $270,000s
- Type of property: town-homes
- Living size (sqft): between 2,200 and 2,600
- Year built: new construction
- Beds, full baths and half baths: 3/2.5s and 4/3.5s
- Garage: between 1 or 2
- Water front or access: yes (lake) / yes
- Exterior walls and roof: concrete / tile
- Floor and pool: carpet, tile, wood/ yes
- Heating and cooling: central / central
- Sewer: municipal
Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and an average purchase price of $250,000:
- FHA loan with 3.5% down: $1,222
- Conventional loan with 5% down: $1,203
- Conventional loan with 10% down: $1,140
- Conventional loan with 20% down: $1,013
Need other mortgage scenarios? Mortgage Calculator
Location:
Mario Avalos 