single family home

8425 SW 181 TER Palmetto Bay FL $479,000 (SOLD)

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Cul-de-sac Home! with volume ceilings. Kitchen with stainless steel appliances, wood cabinetry and cooking island with gas range. Open kitchen-family-dinning-living room layout. Contemporary bathroom with walk-in shower. Wood laminate flooring and wood blinds throughout. Walk-in closets. Doors and windows with hurricane shutters. Two central AC units – 5 and 3.5 tons. BRAND NEW roof with skylights. NEW interior / exterior paint. Two-car garage with hurricane impact door. Two master bedrooms/attached in-laws.

Property Details:

  • Transaction Type: Seller Representation
  • Asking price: $479,000
  • Short sale or foreclosure: no / no
  • Type of property: single family home
  • Living and lot size (sqft): 3,232 / 16,500
  • Year built: 1980
  • Beds, full baths and half baths: 4 / 3 / 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: septic

What’s Up Around This Home?

 

Monthly Mortgage Payment at 4.5% interest rate, 30-year fixed, and purchase price of $479,000:

  • FHA loan with 3.5% down: $2,917
  • Conventional loan with 5% down: $2,306
  • Conventional loan with 10% down: $2,184
  • Conventional loan with 20% down: $1,942

Need other mortgage scenarios? Mortgage Calculator

Local Schools:

Location:

Area Demographics:

  • Average Income: $70,393
  • Population: 63,414
  • Owners vs Renters: 70% and 30%

Check out the latest Palmetto Bay 33157 Demographic Summary or Palmetto Bay 33157 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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9229 SW 157 Ave Kendall FL $335,000 (SOLD)

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Single family home with 20+ foot tall ceilings. Open kitchen layout with stainless steel appliances, endless cabinetry, and counter-tops overlooking spacious family room and breakfast area. Magnificent elongated wood staircase and handrails. Windows all around which allow for natural light. Master bathroom has spa-tub and dual sink. Spacious yard with storage shed, half lawn and half brick covered. Newer 5-ton AC, barrel roof, and 2 car garage. Unique location limits local traffic.

Property Details:

  • Address: 9229 SW 157 Ave
  • City, State and Zip: Kendall FL 33196
  • Asking Price for sale: $335,000
  • Short sale or foreclosure: no / no
  • Type of property: single family home
  • Living and lot size (sqft): 2,845 / 5,456
  • Year built: 1997
  • Beds, full baths and half baths: 4 / 3 / 1
  • 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

Why Buy This Home?

Given price per square foot, this home is priced right on the money.  So, to the right buyer willing to pay a price in a “recovering” market, this is it.  Last year alone, in this subdivision, the average home was selling for $295,000.  That is a 14% net price appreciation increase!

Condition of this property is beyond turn key.  This property includes some top of the line finishes.  Case and point: the handrails and some of the bedrooms on the second floor.  They consist of wood material, not laminate or composite.  All the new owners have to do is add their own “aesthetic” touch such as paint colors, etc.

The property sits in a dead-end section of the neighborhood.  This greatly restricts traffic to locals only (awesome if you have kids).  And is located a block off 157th avenue…which makes entering and exiting the area a breeze.  Add to that other great local amenities such as the exquisite Moon Thai, and So Yoga for life balance and fitness.  Oh…and don’t forget fun for kids (and adults), the well-known Kendall Ice Arena.

Monthly Mortgage Payment at 4.3% interest rate, 30-year fixed, and purchase price of $335,000:

  • FHA loan with 3.5% down: $1,600
  • Conventional loan with 5% down: $1,775
  • Conventional loan with 10% down: $1,492
  • Conventional loan with 20% down: $1,326

Need other mortgage scenarios? Mortgage Calculator

Local Schools:

Location:

 

Area Demographics:

  • Average Income: $71,059
  • Population: 44,031
  • Owners vs Renters: 74% and 26%

Check out the latest Kendall 33196 Demographics Summary or Kendall 33196 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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16432 SW 58 TE Kendall FL $2,700 (RENTED)

Mario AvalosLeave a comment

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Ready to move in two -storied single family home is quite west Kendall neighborhood with no HOA. Open kitchen layout with stainless steel appliances, wood cabinetry and granite counter tops overlooking family room. Two car garage and ample yard facing lake. Hurricane shutters, and volume ceilings. Master bedroom has its own terrace, separate sinks, bath-spa tub, walk in shower, and walk in closets. 2nd Floor has carpet.

Property details:

  • Asking Price for rent: $2,700
  • Short sale or foreclosure: no / no
  • Type of property: single family home
  • Living and lot size (sqft): 2,919 / 6,337
  • Year built: 2006
  • Beds, full baths and half baths: 5 / 4 / 0
  • Garage: 2
  • Water front or access: yes / no
  • Exterior walls and roof: concrete / tile
  • Floor and pool: tile and carpet / no
  • Heating and cooling: central / central
  • Sewer: municipal  

What’s Up Around This Home?

https://twitter.com/Field_Trip_MIA/status/561584712934649856

 

Local Schools:

Location:

Area Demographics:

  • Average Income: $58,293
  • Population: 45,662
  • Owners vs Renters: 66% and 34%

Check out the latest Kendall 33193 Demographics Summary or Kendall 33193 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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Thank you for your response. ✨

What $300,000 Gets You

Mario AvalosLeave a comment

15230 sw 100 ave kendall fl 33157Don’t worry. You have options.

So today I had a good friend call me to help him, his wife and two kids find a single family home for under $300,000. So here is the lowdown based on my search.

West of the Florida Turnpike, and from 8th street all the way to 120th street, you’ll easily get a home with a small or medium size yard. One car garage (maybe two) and most likely no association. And living space hovering 2,000 square feet. And possibly with a pool.

Now..say in between the Florida Turnpike and Palmetto Bay? Bells and whistles begin to get chopped. Now you are looking at a small lot, or a medium sized home under 2,000 square feet under AC. And most likely the home will be in need of a considerable repairs or upgrades (five years of roof left, replacement of AC, kitchen in need of gutting, etc).

And most likely you will only be able to buy it cash of via a conventional loan. No FHA. And its not that the homes don’t qualify for FHA. Its the competition (other buyers). They are strong and willing to put down the necessary “mula” to get the deal done…not just 3.5% down payment.

East of Palmetto Bay? Good luck. Unless you have $300,000 in cash. Only then will your be able to buy a property in need of major repairs…to the point where the home is not finance-able. Or you can always settle for land 😦

Times are changing and changing quickly. Prices are moving up and not just in our neck of the woods, but also throughout the United States. And although rumors are that prices will flatten out in 2014…they are only a rumors.

Make Or Break. Home Price

Mario AvalosLeave a comment

the falls single family homeHome price. Like the concept of “truth”, its mainly in eye of the beholder.

So a gentleman from Amaretto, a Kendall community composed of single family homes, phoned me a few days ago asking for the value of his house. And I gave it to him…and it caught him off guard. What a surprise 😛

I told him that homes in Amaretto (as of 10/30/13) are more less going for in the low to mid $200,000(s) depending on the interior condition of the property and several other factors.

Then he asked, “how come other homes like in Westchester or Calusa are going for well over $300,000?”. I replied, “it’s mainly due to three factors:

  1. the garage
  2. lot size
  3. HOA or association

Believe it or not, in the area of Kendall as of 10/30/13, what makes or breaks the $250,000 (approximate) price mark for single family homes are these three factors.

In other words, if you home is located in a community that has an association. In a community where lot sizes are relatively small at less than 6,000 square feet. And such homes do not have a garage…then expect prices to be under $250,000.

Now…say you start adding a garage…that one item alone can put you in the mid $200,00s.  Add a larger lot…automatically you’re in the high $200,000s. No association? Starting ballpark price? $300,000. Off-course…adding these factors do not have to be in that order…but you get the point.

Who’s the lesser of the three evils…I would say the lot size. Most buyers I work with prefer to give up a larger lot size in order to find a home with at least a 1-car garage and preferably with no home owner’s association. What’s your preference?

Disclaimer. Disclaimer. Disclaimer. The above is a rule of thumb or a good approximation of how prices are looking in today’s Kendall market. Am not an attorney so I won’t complicate this. Want to know the precise value of your home?

Contact me.

Want to have a ballpark idea of your home’s value…re-read this post or you can also Contact me.