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$1,050,000

Beds
6
Baths
5.0
sq ft
3,515

2040 SW 24th Ter, Miami, FL 33145

2040 SW 24th Ter

Miami, FL 33145

  • 315 days on market
    • Price drop $75,000↓
6 beds 5 baths, two structures in a corner oversized lot. Main house and 2 separated apartments. All rented with leases ending between Oct & Dec 24. $8450/month AS IS. There is a code violation under the 'unsafe structure' label that mandates the new owner to either reduce or demolish the second structure, which contains the two small units. The violation is due to non-compliance with city setback codes. Main house has no violations. Opportunity for an investor to remodel or create a second house utilizing the existing second entrance. Seller financing available up to $300K at10% for up to 2 years.

Details

Property type

Single Family Residence

Est. home value

$796,300

Lot size

8,580 sq ft

Price per sq ft

$299

Year built

1940

Annual property taxes

$14,702

Price History

09/11/2024
SEF

SEF #A11484509

Price change
$1,050,000
-6.67%
07/03/2024
SEF

SEF #A11484509

Price change
$1,125,000
-13.46%
07/01/2024
SEF

SEF #A11484509

Listed
$1,300,000

Schools & Community

Neighborhood: 

Coral Way

Elementary school: 

Avocado

Middle school: 

Ammons; Herbert

High school: 

Unknown

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

Argent Mortgage Company Llc

Loan start date

September 2006

Original loan amount

$104,000

Est. remaining balance

Not provided

Interest rate

6.63%

Loan type

Stand Alone Second, 30 year

Seller

Daniel Hernandez and Elizabeth Hernandez

Lender

Argent Mortgage Company Llc

Loan start date

September 2006

Original loan amount

$104,000

Est. remaining balance

Not provided

Interest rate

6.63%

Loan type

Stand Alone Second, 30 year

Seller

Daniel Hernandez and Elizabeth Hernandez

Lender

Argent Mortgage Company Llc

Loan start date

August 2006

Original loan amount

$416,000

Est. remaining balance

Not provided

Interest rate

7.65%

Loan type

Not Provided, 30 year

Seller

Daniel Hernandez and Elizabeth Hernandez

Lender

Argent Mortgage Company Llc

Loan start date

August 2006

Original loan amount

$416,000

Est. remaining balance

Not provided

Interest rate

7.65%

Loan type

Not Provided, 30 year

Seller

Daniel Hernandez and Elizabeth Hernandez

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: 09/19/2024 at 8:10 PM

Listing updated: 09/11/2024 at 9:57 AM

Listed by: Jose Izquierdo, Grand Lion Real Estate Group LLC Phone #: (305) 766-5979

MLS: SEF #A11484509

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