Archive for the 'Cocoplum' Category
May 10th, 2012
By Sheryl DiCarlo
View original local artists paintings from “Fairchild Artists in Bloom Exhibition 2012″ , going on Thursday through Saturday, at the Exhibition and Sale in the Garden House http://www.fairchildgarden.org/events/. Fairchild art instructors and students will transform the Garden House into a gallery showcasing more than 150 original oil and acrylic paintings, watercolors and botanical illustrations.
Mother’s Day Lunch, Sunday, May 13th from 10:30-2:30 or Afternoon Tea, Sunday at 3:00PM and tour the gardens afterwards.
April 15th, 2012
By Sheryl DiCarlo
At tax-time, reviewing tax rules as it applies to home owner ship is worth looking at again. “Under the Internal Revenue Code, mortgage interest is deductible from income but not to the extent that it is attributable to an outstanding mortgage principal balance of more the $1 million,” said Tom Kelly, in his Sunday Miami Herald article. “Similarly, interest payable on a home equity line of credit that is used to finance home improvements is deductible, but not to the extent that is it attributable to an outstanding loan balance of more than $100,000,” Kelly added. It is important to remember that the $1 million and $100,000 caps are applied per residence, not per taxpayer.
The Taxpayer Relief Act “replaced the “rollover” provision and $125,000 over-55 exclusion,” he continued. Today, a taxpayer can qualify for a tax exclusion of $250,000 ($500,000 for married couples) provided they have owned and used the property as a principal residence for two out of the five years prior to the date of sale. The limit on the number of times a taxpayer can claim this exclusion is once in any two-year period. As always, speak to your accountant for professional tax advise as it applies to your real estate transactions.
Know the market, call Sheryl DiCarlo, 305.332.3256 before your next real estate move.
April 12th, 2012
By Sheryl DiCarlo
Here are the numbers for thisweek’s closed sales and the averages. Enjoy the photos of some of the recent sales.
Eight closed Coral Gables single family homes from $325,000 to $3,000,000. The $3mil was a Cocoplum water front, and one non-water front Cocoplum sale.
Know the market, call Sheryl DiCarlo, 305.332.3256 before making your next real estate move.
- average list price $1,363,338
- average sale price $1,153,867
- average sold price per sq.ft. $338.31
- ratio of List Price to Sale Price 90%
- average days on the market 123
April 11th, 2012
By Sheryl DiCarlo
Nothing makes a yachtsman happier than a deep open waterway behind his home! Cocoplum, Coral Gables currently offers nine bridge-less waterfront homes for sale, between $2.5mil and $9,499mil. ( Bayfronts, and three are available, are under a separate category and sometimes do not have protected dockage on the property .) The linear water frontage of these homes ranges from 84 feet to 307 feet, with lot size between 16,000 sq.ft. and up to an acre. When you are looking for open water, Cocoplum offers many different choices and architectural styles.
Know the market, call Sheryl DiCarlo, 305.332.3256 before making your next real estate move.
April 6th, 2012
By Sheryl DiCarlo
Take a look at this week’s closed Coral Gables sales! There were 14 in all, including two closed sales in Gables Estates. One of which was Pat Riley’s home, coach of the Miami Heat. It had the largest price-to-sale difference; listed for $23 million and selling at $16,700,000. The average List Price to Sold Price was a stellar 91%, and of the 14 sales, half of them sold above $1,000,000. Only two of the sales were distressed, one short-sale and one foreclosed.
Look for my next blog about the recent price reductions, as these are the most likely to sell next!
Know the market, call Sheryl DiCarlo, 305.332.3256, before you make your next real estate move.
221 Viscaya 3/2 425,000 $ 380,000
314 Velarde Av 3/2 449,800 420,000
5724 Michelangelo St 3/2 590,000 510,000
424 Miller Rd 5/3 699,000 675,000
818 Obispo Av 4/3 869,000 800,000
3400 Alhambra Cr 4/3 895,000 875,000
1321 Coral Wy 5/4 1,190,000 1,090,000
7528 Los Pinos Bl 4/5.5 1,419,000 1,350,000
500 Hardee Rd 5/4 1,750,000 1,600,000
166 Isla Dorada Bl 5/5.5 2,400.000 2,300,000
8021 Old Cutler Rd 3/2.5 3,316,600 2,850,000
585 Arvida Pw 4/4.2 5,999,000 5,860,000
180 Arvida Pw 5/8 23,000,00 16,750,000
March 21st, 2012
By Sheryl DiCarlo
9175 Arvida Parkway, Gables Estates, Coral Gables
One of the original homes built in the Gables Estates community, developed by aluminum magnate, Arthur Vining Davis, went on the market for $7,500,000 but has now been reduced by$625,000 to $6,875,000 with approximately 154 linear waterfront square footage. Built in 1967 and maintained through the years, its sweeping lawn has protected water frontage and easy, almost direct, access to the bay. Currently listed by Eric Drucker, Eric Drucker LREB, 305.491.3044.
Know the market, call Sheryl DiCarlo 305.332.3256, before making your next real estate move.
March 15th, 2012
By Sheryl DiCarlo
Often reduced prices indicate a Seller who is informed about recent sales, and to keep his home in line with his competition, adjusts his price. There were 9 price reductions on Coral Gables listings this week. The reductions were from $50,000 on the low side and as high as $199,000 on the upper end. The average price reduction was $96,555 and the average days on the market prior to a reduction was 5 months. The longest time period between listing andprice reduction was 1 year and the shortest time was only 6 days. Know the market, call Sheryl DiCarlo 305.332.3256 before making your next real estate move.
Photos of a few of the newly priced Gables homes:
March 14th, 2012
By Sheryl DiCarlo
During the past six months, Cocoplum has had seven waterfront closed sales. Only one of the sales was without bridges to the bay, however the height of Cocoplum’s bridges allows access for large boats, and is much less restrictive than Coral Gables Waterway bridges.
The amount of linear waterfront square footage does not appear have as much impact on price as the age of the house, size of the lot, and total house square footage. The average linear waterfront square feet on the seven Cocoplum sales is 102 feet, the smallest measurement is 74 linear waterfront square feet and the largest is 125 linear waterfront square feet.
Know the market, call Sheryl DiCarlo, 305.332.3256 before making your next real estate move.
March 14th, 2012
By Sheryl DiCarlo
After seeing my listing at 600 Minorca Ave, March 18th 2-4PM, take a break :
and head over to Fairchild Tropical Gardens: Sunday Sounds
Sundays, March 18 and 25, 1:00 p.m.
Enjoy live music performed by students of University of Miami’s Frost School of Music. Ensembles may include: the harp, the French horn, guitar, clarinet, the bassoon and more.
Know the market, call Sheryl DiCarlo 305.332.3256 before making your next real estate move.
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