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3960 Charles Terrace

3960 Charles Terrace, Miami, FL 33133
Property in Kingsway
Sold Jun 09, 2015
$210,000
$199,500 by Bank Of America Na
Mortgage Due Jul 01, 2045
Sold Nov 15, 2011
$75,300
Local assessors in Miami, FL have categorized 3960 Charles Terrace as a residential type of property. The home was built in 1950 and is 74 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 7,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 700 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3960 Charles Terrace has a total of 1,080 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. Lots of a combination of material were used in the construction of the exterior walls of the home. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3960 Charles Terrace sold most recently in Jun 8, 2015 for a total of $210,000. If you work out the math, that's approximately a cost of $182.29 per sqft. Before that, the property was also sold for $75,300 in Nov 1, 2011. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,140 in taxes each year. 3960 Charles Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $224,755. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,080
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KINGSWAY
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential
  • Legal Description 1: KINGSWAY PB 48-98 LOT 21 BLK 1 LOT SIZE 70.000 X 100 OR 18369-0841 1198 1 COC 25630-1139 03 2007 6

Ownership

  • Current Owner : OJEDA FREDDY R PALACIOS
  • Previous Owner : GROVE PARTNERS ENTERPRISES CORP
  • Owner Before Previous Owner: DEUTSCHE BANK NATIONAL TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 007200

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 256
  • District: 01
  • Parcel: 01-4120-004-0210
  • Block: 1
  • Lot: 21
  • Meridian: SEC 20 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7249
  • Longitude: -80.2574

    Address

  • Full Address: 3960 Charles Ter
  • Address - House Number: 3960
  • Address - Street Name: Charles
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Miami
  • Carrier Code: C037
  • 4-Digit Zip Code: 5606
  • Zip Code: 33133

Valuation

    Tax

  • Total Area: 1,108
  • Tax Year: 2023
  • Tax Amount: $4,140
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 707,932
  • High Value: 831,506
  • Low Value: 584,357

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $199,500
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 09, 2015
  • First Open Lien Mortgage Loan Amount: $199,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2045

    Market Valuation

  • Market Total Value: $542,005
  • Market Land Value: $472,500
  • Market Improvement Value: $69,505

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $224,755

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 08, 2015
  • Current Sale Recording Date: Jun 09, 2015
  • Current Sale Transaction ID: 1224968810
  • Current Sale Price: $210,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015R0368457
  • Previous Sale Recording Date: Nov 15, 2011
  • Previous Sale Contract Date: Nov 01, 2011
  • Previous Sale Amount: $75,300
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jun 09, 2015
  • First Mortgage Loan Amount: $199,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2045

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Frequently Asked Questions

What neighborhood is 3960 Charles Terrace located in?
The 3960 Charles Terrace is a located in the neighborhood of Kingsway in Southwest Coconut Grove, Miami.
What is the average sales price for listings in 3960 Charles Terrace?
The average sales price for units in 3960 Charles Terrace is $0 currently.

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