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$1,649,000

Beds
3
Baths
2.0
sq ft
1,564

1240 Obispo Ave, Coral Gables, FL 33134

1240 Obispo Ave

Coral Gables, FL 33134

  • 92 days on market
    • Price drop $126,000↓
Designed by the renowned Walter C. DeGarmo, this charming Old Spanish home sits on a 7,500 sq. ft. lot on Obispo Ave. The residence features three bedrooms and two bathrooms, with preserved archways and a functional fireplace. The light-filled living and dining rooms enhance its historic charm. The 150 ft deep lot offers ample space for expansion or adding a pool. The backyard is a private tropical oasis with a classic tiled covered porch. The detached garage is perfect for a home office, yoga studio, or guest house. Conveniently located near golf courses, the Biltmore Hotel, top schools, and Merrick Park shopping. Enjoy a peaceful, shaded natural environment in both the front and back yards.

Details

Property type

Single Family Residence

Est. home value

$1,234,129

Lot size

7,500 sq ft

Price per sq ft

$1,055

Year built

1926

Annual property taxes

$11,679

Price History

09/09/2024
SEF

SEF #A11609494

Price change
$1,649,000
-7.1%
07/29/2024
SEF

SEF #A11609494

Removed
$1,775,000
06/20/2024
SEF

SEF #A11609494

Listed
$1,775,000
+121.53%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Gte Fcu

Loan start date

March 2021

Original loan amount

$110,000

Est. remaining balance

Not provided

Interest rate

2.8%

Loan type

Credit Line (Revolving)

Seller

Mary Murdoch Del Rossi

Lender

Gte Fcu

Loan start date

March 2021

Original loan amount

$110,000

Est. remaining balance

Not provided

Interest rate

2.8%

Loan type

Credit Line (Revolving)

Seller

Mary Murdoch Del Rossi

Lender

Choice Mortgage

Loan start date

March 2021

Original loan amount

$548,250

Est. remaining balance

$505,280

Interest rate

2.79%

Loan type

New Conventional, 30 year

Seller

Mary M Del Rossi

Lender

Choice Mortgage

Loan start date

March 2021

Original loan amount

$548,250

Est. remaining balance

$505,280

Interest rate

2.79%

Loan type

New Conventional, 30 year

Seller

Mary M Del Rossi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/20/2024 at 7:00 PM

Listing updated: 09/15/2024 at 2:07 PM

Listed by: Guillermo Freixas, Compass Florida, LLC Phone #: (305) 851-2820

MLS: SEF #A11609494

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Recently listed in Coral Gables