July 2014

July 9, 2014

5 Ways to Pay Down Your Mortgage

More and more home owners today are looking for ways they can save money and pay down their mortgages faster.  Although home ownership is costly, you will be able to save money over the life of the loan if you research some options.  Many home owners are unsure about ways to pay down their home loan, and here are a few simple ways to go about doing so. Switch to a shorter loan Today, many home owners have a 30 year fixed mortgage loan.  One way to possibly help pay down your loan quicker is by switching to a 15 […]
July 8, 2014

Oscar Arellano’s Coral Gables Commercial Listings

4070 Laguna Street, Coral Gables Listed for rent in Coral Gables! Three office spaces available for lease in professional building Coral Gables. The building, located on Laguna Street, is within walking distance to Merrick Park. Included in the rent is access to the office’s lobby, two conference rooms, kitchen, private bathrooms, copy room, and office supply room. These are ideal for solo practitioners. Available Space #1 – 10×14 – $1,000 per month Available Space #2 – 10×12 – $900 per month Available Space #3 – 10×10 – $800 per month     __________________________________________ Office Spaces in Downtown Coral Gables. The second […]
July 8, 2014

Tight Mortgage Credit Weighs on Consumers

Tight credit restrictions can prevent consumers from getting a mortgage and making a home purchase. But over time, tight credit can impact a consumer’s expectations of the mortgage application process, reducing their willingness to even apply for a mortgage or to start the home search process. In a report released this week [1], researchers at the Federal Reserve Bank of New York provided estimates of the change in applications for mortgages in February of 2014 as compared to May of 2013. Their estimates indicate that: o    Applications for mortgages fell sharply over this period for consumers in all FICO brackets. o    The uniform […]
July 7, 2014

New Coral Gables Luxury Homes Listed for Sale: 2800 Alhambra Circle

  Just listed today is this gorgeous home built by Legacy Custom Homes. Some of the many features of this home include: a cooks kitchen with seating for 18, inlaid marble and wood floors, an automobile courtyard, resort style heated pools, a covered summer kitchen, and elevator, and a handsome office with custom cabinetry. For a private viewing of this home, please contact me at 305-525-7324 Details of 2800 Alhambra Circle, Coral Gables: Bedrooms: 6 Bathrooms: 7 1/2 7,113 Sq. Ft. of Living Space 30,625 Sq. Ft. Lot Listed at $4,785,000    Listing Presented by: One Sotheby’s International Realty
July 3, 2014

Celebrating 4th of July in Coral Gables

This July 4th, there are many events across Miami for you and your family to be a part of. In Coral Gables, you can join the city in celebrating at the Biltmore Hotel. The celebration will include a special concert but the Greater Miami Symphonic Band, concessions, patriotic mascots, and a magnificent fireworks display. The City of Coral Gables is teaming up with the Biltmore Hotel, the University of Miami, Coral Gables Chamber of Commerce, and several corporate sponsors to bring you this free event. There will be refreshments available for purchase. More details are listed below. Details of July 4th Fireworks […]
July 3, 2014

New Listing From Oscar Arellano: 720 Bird Road, Coral Gables

Located in Coral Gables, this over sized 3 bedroom+den, 2.5 bathroom single family home has now been listed for both rent and for sale. This gated, two-story home features high vaulted ceilings, a one car garage, an updated kitchen with granite counters and new cabinetry.  The home also includes a generator. Details of 720 Bird Road, Coral Gables Bedrooms: 3 + Den Bathrooms: 2.5 Sq.Ft.: 2,399 Lot Size: 5,000 Listed for both Sale and Rent: Sale: $575,000 Rent: $3,500 Per Month         
July 2, 2014

Just Listed! | 2665 SW 37th Ave #909 | Da Vinci Condo For Sale

Details of 2665 SW 37th Ave #909, Miami Bedrooms: 1 Bathrooms: 1 Sq.Ft.: 711 Listed for Sale at $218,750 This spacious 1/1 condo, located within walking distance to Coral Gables and Miracle Mile, has just been listed for sale. This beautiful, updated unit features wood flooring throughout living space, great views of Downtown Miami from the oversized balcony, and a washer & dryer in unit. The unit also includes a covered parking space and a storage unit as well. The building is very luxurious, with many amenities, including an exercise room, sauna, pool, security, and a conference room.        
July 1, 2014

Coral Gables Single Family Home Sales – June 2014

In the month of June, there were a total of 54 single family home sales, slightly higher from the 52 sales last month. Of the 54 sales, 12 were waterfront homes and three were golf view properties. The average price per square foot for non-waterfront homes was $347.16, significantly higher from April and May, averaging at $312 and $316 respectively. The average sales per square foot for waterfront homes was $578.18, dropping down from $614 from the month of May. Golf view properties averaged $316.86 per sq. ft. in June, dropping significantly from 405.58 per sq. f.t. in the month […]