6760 SW 62nd Ter, South Miami, FL, 33143 | $1,399,000

Bring your architect, designer, and vision to this South Miami renovation canvas. Commanding a prime, oversized corner lot, this solid 1966 concrete block home is offered for the first time in its history. Custom-built by the seller and exclusively lived in by a single family, its rare, single-owner pedigree guarantees an uncompromised structural baseline. The property is a true mid-century time capsule preserved in its original condition. Vintage design purists will appreciate the untouched character pieces, including the retro kitchen and classic pink & blue bathrooms with double sinks. The floor plan features a 2-car garage and is flooded with natural light, offering an ideal footprint to configure a modern open-concept flow. To understand the immense potential here, one must look at the surrounding neighborhood dynamics, where luxury homes in SoMi have recently sold for >$6. 5M. Even though those properties represent brand-new construction and this is a classic 1966 footprint, there is undeniable value built into this estate. Purchasing a home with this level of structural integrity allows a buyer to bypass the heavy lifting of starting from scratch while capturing the same prestigious neighborhood prestige. Perfectly situated, you are minutes away from top schools, parks & major corridors. Whether your goal is a custom remodel or a high-yield design flip, a corner lot of this magnitude with single-owner frame presents a great foundation. Strictly sold AS-IS, PRICE FIRM.

Features

  • Bedrooms: 5
  • Baths: 3 full
  • Laundry: In Garage
  • Style: Detached,One Story
  • Year Built: 1966
  • Garage: 2-car Driveway,Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,764
  • Est. Taxes: $6,400
  • Lot Desc: 1/4 to 1/2 Acre Lot
  • View: Garden
  • Elem. School: South Miami
  • Middle School: South Miami
  • High School: South Miami
  • Appliances: Dryer,Electric Range,Microwave,Refrigerator,Washer
  • MLS#: A12029112
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /eprop/A12029112/6760sw62ndter_southmiami_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MIAMI Association of REALTORS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing courtesy of Compass Florida, LLC   Phone: 305-697-5402

William Raveis Family of Services

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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

6760 SW 62nd Ter, South Miami, FL, 33143

$1,399,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,119,200 $1,119,200 $1,119,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.312% 6.235% 6.183%
Monthly Tax Payment $533 $533 $533
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,620 $6,800 $9,444
Total Monthly Payment $7,278 $7,458 $10,102

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.