13552 SW 119 TERR Kendall FL $335,000 (SOLD)

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Back in the market. FHA/VA OK! Ready to move in home in the heart of West Kendall with double entry doors, two-car garage,and accordion hurricane shutters. New double AC units, new roof and new pool-surface. In-law quarters with it’s own entry, full-bathroom and kitchen. Open living/dinning room layout beneath 20+ foot ceilings and skylight. Enormous master bedroom with walk-in closet, and private bathroom with walk-in shower and spa-tub. Open kitchen configuration with endless cabinetry.

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Property Details:

  • Transaction Type: Seller Representation
  • Address: 13552 SW 119 TERR
  • City, State and Zip: Kendall, FL 33186
  • Asking Price for sale: $336,000
  • Short sale or foreclosure: no / no
  • Type of property: single family home
  • Living and lot size (sqft): 2,509 / 7,500
  • Year built: 1986
  • Beds, full baths and half baths: 4 / 3
  • Garage: 2
  • Water front or access: no / no
  • Exterior walls and roof: concrete / shingle
  • Floor and pool: carpet, tile, wood/ yes
  • Heating and cooling: central / central
  • Sewer: municipal

What’s Up Around This Home?

 

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

  • FHA loan with 3.5% down: $1,643
  • Conventional loan with 5% down: $1,617
  • Conventional loan with 10% down: $1,532
  • Conventional loan with 20% down: $1,362

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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13816 SW 114 TERR Kendall FL $289,900 (SOLD)

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FHA or VA ok. Impeccable ready to move in 2-car garage townhouse in the highly desirable Kendall Breeze. Ample kitchen with granite counter tops and wood cabinetry overseeing living area. Recess lighting throughout first floor, and Brazilian tile upstairs. Large master bedroom with double walk-in closets, and private bathroom with his/her sink, spa-tub and walk-in shower. Spacious yard finished with pavers. Central vacuum system, newer AC, and hurricane accordion shutters.

Property Details:

  • Address: 13816 SW 114 TE
  • City, State and Zip: Kendall, FL 33186
  • Asking Price for sale: $289,900
  • Short sale or foreclosure: no / no
  • Type of property: single family townhome
  • Living and lot size (sqft): 2,292 / 1,925
  • Year built: 2005
  • Beds, full baths and half baths: 4 / 3
  • Garage: 2
  • Water front or access: no / no
  • Exterior walls and roof: concrete / barrel
  • Floor and pool: tile / no
  • Heating and cooling: central / central
  • Sewer: Municipal

What’s Up Around This Home?

 

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

  • FHA loan with 3.5% down: $1,417
  • Conventional loan with 5% down: $1,395
  • Conventional loan with 10% down: $1,322
  • Conventional loan with 20% down: $1,175

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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Single Family Prices Flat; Condo-Townhouses Spike

Overall, the single family residence market reflects a flat trend in both price appreciation and number of closings during the last four months (see below graph). These figures are expected to continue for the remainder of 2014 and well into 2015.

Why is this happening? Home values and borrower-income are reaching equilibrium.  In other words, consumers are buying at maximum home price based on their salary or comfort level.  Among other factors, for home values to go up, take-home-pay must increase.  Until then, unless home inventory or interest rates significantly drop, prices should remain flat.

trend sfr

With the exception of July, condos and townhouses are following the same pattern as single family residences (see below graph). This spike is July may be a result of home buyers opting not to purchase single family units, and rather go for the more affordable condo/townhome.

Above and below graphs contain combined pricing and volume data for the following cities: Coconut Grove, Coral Gables, Cutler Bay, Kendall, Palmetto Bay, Pinecrest, South Miami, Sweetwater, The Roads, West Miami and Westchester.

trend th condo

Average Home Price – Single Family – Year-to-date July 2010 vs Year-to-date July 2014 – Below graph details the comparison between the average home price in 2010 versus 2014 by city.

ave price sfr

Average Home Price – Condo/Town Home – Year-to-date July 2010 vs Year-to-date July 2014 – Below graph details the comparison between the average home price in 2010 versus 2014 by city.

ave price th condo

Days On Market or DOM – Single Family – Year-to-date July 2014 – The below chart shows the number of days a property stays in the market for sale until it is sold.

dom sfr

Days On Market or DOM – Condo/Town Home – Year-to-date July 2014 – The below chart shows the number of days a property stays in the market for sale until it is sold.

dom th condo

Transaction Type – Single Family – Year-to-date July 2014 – The below graph details the type of sales taking place by city.

type sfr

Transaction Type – Condo/Town Home – Year-to-date July 2014 – The below graph details the type of sales taking place by city.

type th condo

Three To Four Months To Sell Your Home

 

Average Home Price – Single Family – Year-to-date June 2010 vs Year-to-date June 2014 – Below graph details the comparison between the average home price in 2010 versus 2014 by city.

average single family price miami

Average Home Price – Condo/Town Home – Year-to-date June 2010 vs Year-to-date June 2014 – Below graph details the comparison between the average home price in 2010 versus 2014 by city.

average condo townhouse price miami

Days On Market or DOM – Single Family – Year-to-date June 2014 – The below chart shows the number of days a property stays in the market for sale until it is sold.

days on market single family home miami

Days On Market or DOM – Condo/Town Home – Year-to-date June 2014 – The below chart shows the number of days a property stays in the market for sale until it is sold.

days on market condo townhouse miami

Transaction Type – Single Family – Year-to-date June 2014 – The below graph details the type of sales taking place by city.

type of single family home sale in miami

Transaction Type – Condo/Town Home – Year-to-date June 2014 – The below graph details the type of sales taking place by city.

type of condo townhouse sale in miami