9231 Ridgeland Dr Cutler Bay, FL 33157

4 beds · 3 baths · 3,370 sq ft · Lot Size: 31,379 sq ft · Single Family Home
Est. Property Value: $947,908

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9231 Ridgeland Dr is in the 33157 neighborhood of Cutler Bay, FL. It is located in Miami-Dade County and ZIP code 33157. This Single Family Home was built in 1971 and is approximately 54 years old. The single family home spans 3370 sq ft with 4 bedrooms and 3 bathrooms and sits on a 31379 sq ft lot. According to public records, it was last sold in 2013 for $350,000 and has a tax-assessed value of $885,968, which is $281 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 9231 Ridgeland Dr Cutler Bay, FL 33157 with Property Intel by Whitepages.

Owners & Occupancy for 9231 Ridgeland Dr

No contact information is available.

Occupancy

Current Occupancy******View Occupancy
Resident 1*****************
Resident 2************* age 78
Resident 3************** age 69
Resident 4***************

Property Financials for 9231 Ridgeland Dr

9231 Ridgeland Dr, Cutler Bay, FL has a mortgage (orig. June 25, 2015). The Miami-Dade county assessment for 2024 values it at $885,968, with annual taxes of $14,095.

Mortgage & Equity Information

Loan Amount$********
Origination DateJune 25, 2015
Interest Rate****%
Term20 Years
Rate TypeAdjustable
Est Balance$********
Due Date*************
Equity View Equity

Property Tax

Purchase DateSeptember 13, 2013
Property Tax Amount$14,095 in 2024
Purchase Price$350,000
Assessed Value$885,968 on 2024

Investment Potential for 9231 Ridgeland Dr

The property has a current estimated value of $947,908, which is 35% above the zip median, based on public records. It last sold on September 13, 2013 for $350K. Projected long-term
is $73,200 annually ($6,100 per month) with a 93% occupancy rate.

Discover more Single Family Homes in 33157.

Long-Term

Gross Rental
$73,200 per year($6,100 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 33157 zip code
 
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Property Details for 9231 Ridgeland Dr

Property Details

Property Sq Ft

Living Area

3,370 sq ft

46% above market

Lot Size

31,379 sq ft

112% above market

Price Per Sq Ft

Living Area

$281 / sq ft

3% below market

Lot Size Area

$30 / sq ft

45% below market

Property condition, age, exterior, etc. for 9231 Ridge…
Longitude: -80.340893 Latitude: 25.586991 Parcel Number (APN): 36-6004-013-0470…

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Discover more single family homes near 9231 Ridgeland Dr in Cutler Bay, Florida. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 9231 Ridgeland Dr in Miami-Dade County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$947,908
$514,739
$433,169 (84%)
YoY Price Change
Year Built
1971
2002
-31 years
Living Space
3,370 sq ft
2,420 sq ft
950 (39%)
$ Per Living Sq Ft
$281
$213
$68 (32%)
Lot Size
31,379 sq ft
10,153 sq ft
21226 (209%)
$ Per Lot Sq Ft
$30
$52
-$22 (-42%)

Net Operating Income
$20,084
$22,333 (111%)
Annual Revenue
$73,200
$32,400
$40,800 (126%)
$13,478
$17,305 (128%)
Net Operating Income
$20,084
$22,333 (111%)
Cap Rate
4.24%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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