Neighborhood
700 Palermo Ave, Coral Gables, FL 33134
3 beds · 2 baths · 1,535 sq ft · Lot: 7,000 sq ft · Single Family Home · Last Sold: $400K in 2011 · Built: 1958
Est. Value:
$859K
Est. Rent:
$4.2K/month

700 Palermo Ave Coral Gables, FL 33134

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3 beds · 2 baths · 1,535 sq ft · Lot Size: 7,000 sq ft · Single Family Home · Country Club Section
Est. Property Value: $859,148

High Demand Long-Term RentalValued below Market MedianOwned for 10 - 15 YearsOwner Age 45 - 55Equity Status

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

700 Palermo Ave is in the Country Club Section neighborhood of Coral Gables, FL. It is located in Miami-Dade County and ZIP code 33134. This Single Family Home was built in 1958 and is approximately 67 years old. The single family home spans 1535 sq ft with 3 bedrooms and 2 bathrooms and sits on a 7000 sq ft lot. According to public records, it was last sold in 2011 for $400,000. The Country Club Section area of Coral Gables has 1131 residential homes with an average size of 2022 sq ft. Analyze and compare real estate investment strategies for properties like this home at 700 Palermo Ave Coral Gables, FL 33134 with Property Intel by Whitepages.

Investment Potential for 700 Palermo Ave

The property has a current estimated value of $859,148, which is 33% below the neighborhood median, based on public records. It last sold on May 26, 2011 for $400K. Projected long-term
is $49,800 annually ($4,150 per month) with a 87% occupancy rate.

Discover more Single Family Homes in Country Club Section.
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Long-Term

Gross Rental
$49,800 per year($4,150 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
87%in 33134 zip code
 
View Rental Potential

Owners & Occupancy for 700 Palermo Ave

This property is owned by Mike I Rodriguez. Owner contact information includes 11 phone numbers and 6 email addresses.

Property Owners

OccupationGeneral Manager, Braman Miami
Cell Phone(305) ***-****View Cell Phone
Residence****************
Landline(305) 822-2805
Distance from Property**********
Email Address*************@yahoo.comView Email
View All Owner Info

Property Ownership Information

Purchase DateMay 26, 2011
Property Tax Amount$8,523 in 2023
Purchase Price$400,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************
Resident 2********* age 63
Resident 3**************** age 53
Resident 4**************** age 51

Property Details for 700 Palermo Ave

Property Details

Property Sq Ft

Living Area

1,535 sq ft

24% below market

Lot Size

7,000 sq ft

26% below market

Price Per Sq Ft

Living Area

$560 / sq ft

10% below market

Lot Size Area

$123 / sq ft

14% below market

Property condition, age, exterior, etc. for 700 Palerm…
Longitude: -80.268798 Latitude: 25.744503 Parcel Number (APN): 03-4117-012-0150…
Mortgage originated on through lender: First Horizon Bk for$******View Mortgage Details
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Recommended Properties in Country Club Section

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    Est. Value

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    Est. Value

    3516 Alhambra Cir, Coral Gables, FL 33134

    3 beds · 3 baths · 2,903 sq ft · Last Sold: $606,300 in 1996 · Built: 1952

  • $1.41M - $1.52M

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    1315 Campo Sano Ave, Miami, FL 33146

    3 beds · 2 baths · 2,089 sq ft · Last Sold: $1,400,000 in 2023 · Built: 1959

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    1420 Cantoria Ave, Miami, FL 33146

    3 beds · 2 baths · 1,815 sq ft · Last Sold: $215,000 in 1992 · Built: 1949

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    2420 Indian Mound Trl, Coral Gables, FL 33134

    3 beds · 2 baths · 3,093 sq ft · Last Sold: $835,000 in 2017 · Built: 1937

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    1222 Bird Rd, Coral Gables, FL 33146

    3 beds · 2 baths · 1,716 sq ft · Last Sold: $540,000 in 2020 · Built: 1956

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    3 beds · 2 baths · 1,568 sq ft · Last Sold: $707,000 in 2014 · Built: 1969

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    3 beds · 3 baths · 2,435 sq ft · Last Sold: $350,000 in 1993 · Built: 1948

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    Est. Value

    647 Palermo Ave, Coral Gables, FL 33134

    3 beds · 2 baths · 2,289 sq ft · Last Sold: $723,000 in 2021 · Built: 1951

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    Est. Value

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    3 beds · 2 baths · 2,523 sq ft · Last Sold: $440,000 in 2003 · Built: 1953

Market Benchmarks

Compare data for 700 Palermo Ave in Miami-Dade County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$859,148
$354,591
$504,557 (142%)
$*******
$485,305
$1,542,174 (318%)
YoY Price Change
****%
1.8%
-94%
Year Built
1958
1990
-32 years
Living Space
1,535 sq ft
1,628 sq ft
-93 (-6%)
$ Per Living Sq Ft
$560
$218
$342 (157%)
Lot Size
7,000 sq ft
9,610 sq ft
-2610 (-27%)
$ Per Lot Sq Ft
$123
$40
$83 (207%)

Net Operating Income
$*****
$20,263
$8,122 (40%)
Annual Revenue
$49,800
$29,400
$20,400 (69%)
$*****
$9,176
$12,239 (133%)
Net Operating Income
$*****
$20,263
$8,122 (40%)
Cap Rate
****%
5.87%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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