SELLER COMPARATIVE MARKET ANALYSIS

8650 SW 133rd Avenue Road #218

Miami, Florida 33183

Prepared for Alice R. Shadeed
Horizons West Condominium · October 23, 2026

PRELIMINARY RECOMMENDED LIST PRICE$279,900

A disciplined launch point that recognizes the strongest recent sales while staying competitive with the current 1,040-square-foot inventory.

Three pricing options
$269,900–$299,000

Recommended price per ft²
$269

Key condition
Final pricing follows a current walkthrough and condominium document review.

3 / 2Bedrooms / bathrooms
1,040Living square feet
1982Year built
$163,000Prior sale · June 30, 2017
SUBJECT SNAPSHOT

A directly comparable 3-bedroom floor plan

CommunityHorizons West
Property typeCondominium
Folio30-4935-021-0700
SubdivisionHorizons West Condo #7
WaterfrontNo
Covered parkingNo
2025 tax$1,849.06
HomesteadYes

Historical listing context: the 2017 MLS remarks referenced granite counters, tile flooring, newer kitchen cabinets, a community pool, gym, tennis and racquetball. The images and remarks are historical and do not verify current condition, current amenities or current association dues.

PRICING LOGIC

Three market signals shape the recommendation

01

Closed sales anchor value

Five same-size 3/2 sales closed from $235,000 to $285,000, averaging $257,400. The upper sales support the recommended range when condition and financing profile are favorable.

02

Pending listings show demand

Two units are under contract at asking prices of $235,000 and $279,900. Final contract prices are not public until closing, so they are directional rather than proof of value.

03

Active inventory sets the choice

Current competition ranges from $274,990 to $326,000. A $299,000 listing has accumulated 309 days, a strong warning against overpricing.

MARKET EVIDENCE

Direct Horizons West comparisons

All listed comparables are 3-bedroom, 2-bath condominiums with 1,040 living square feet. That consistency makes pricing and market-time differences especially meaningful.

Closed sales

Average $257,400Range $235,000–$285,000Average ≈ $248/ft²
Address / MLSSoldDateCDOM$/ft²Market reading
8400 SW 133rd Ave Rd #107
A11948059
$235,00007/06/202696$226Lower boundary; listed at $250,000.
8400 SW 133rd Ave Rd #118
A12016982
$237,00006/16/20264$228Quick sale; listed at $249,900.
8650 SW 133rd Ave Rd #314
A11984514
$255,00006/11/202658$245Same building as the subject.
8650 SW 133rd Ave Rd #213
A12005164
$275,00007/10/202616$264Same building; closed above its $259,900 list price.
8540 SW 133rd Ave Rd #112
A11959283
$285,00006/15/202663$274Top closed sale; listed at $310,000.

Under contract

Average asking $257,450
Address / MLSAskingCDOM$/ft²Interpretation
8760 SW 133rd Ave Rd #107
A12035895
$235,000104$226Contract after extended exposure.
8500 SW 133rd Ave Rd #302
A12079398
$279,90035$269Direct support for the recommended launch point; contract price unknown.

Active competition

Average asking $296,098Range $274,990–$326,000
Address / MLSAskingCDOM$/ft²Interpretation
8400 SW 133rd Ave Rd #107
A12085131
$326,00045$313Highest-priced competition; aspirational until sold.
8760 SW 133rd Ave Rd #114
A12100452
$285,00019$274Near the top of the preliminary range.
8600 SW 133rd Ave Rd #423
A12055484
$299,000309$288Clear market-time warning at roughly $299,000.
8520 SW 133rd Ave Rd #406
A12072335
$295,50067$284Higher-price competition with meaningful exposure.
8420 SW 133rd Ave Rd #407
A12088381
$274,99041$264Closest active pricing pressure below $280,000.
TAX & CONDOMINIUM REVIEW

Important figures to verify before launch

$1,849.06

2025 total property tax. The 2026 county record reports a just value of $206,271, assessed value of $153,784 and taxable value of $102,373 with homestead exemption. The next tax bill and closing proration may differ.

Association financials
Confirm current dues, reserves, budget, insurance, special assessments and any litigation.
Building compliance
Review milestone inspection and Structural Integrity Reserve Study status, if applicable.
Buyer financing
Confirm approval requirements, application fees, leasing/pet restrictions and conventional/FHA/VA eligibility.
LISTING STRATEGY

Three ways to enter the market

TOP OPTION

$299,000

Tests the upper market, but competes directly with a $299,000 listing that has accumulated 309 days. This option requires excellent current condition and patience.

LOWEST OPTION · VALUE / TRAFFIC

$269,900

Positions below most current competition and may create faster showing activity, while leaving less room to test the upper market.

Pricing is preliminary: the final list price should be confirmed after viewing the unit’s present condition, improvements, floor/view, parking assignment and condominium documents.

ADJUSTABLE SELLER NET SHEET
$161,336

Estimated proceeds at the recommended price after the supplied $101,574 mortgage payoff and estimated selling expenses.

The $101,574 payoff is taken from the seller-proceeds breakdown supplied for this analysis. The title company must obtain the official payoff statement and confirm every charge before closing. All assumptions below remain editable.

Estimated item$299,000$279,900$269,900Editable scenario

Planning estimate only; not a settlement statement. Assumptions supplied: settlement/closing $1,000; abstract/title search $450; documentary stamp tax at $0.60 per $100; mortgage-satisfaction recording $40; estimated property-tax proration $1,900; courier/overnight/document storage $75; association estoppel $400; water escrow $250; brokerage 4%; flat fee, attorney fee, seller contribution and repair contribution $0 unless applicable. The $101,574 mortgage payoff, brokerage percentage, seller credit and repair credit are editable. The title company and association must confirm the official payoff, prorations, title charges, estoppel, water escrow, legal fees, assessments and final settlement figures.

FROM ANALYSIS TO CLOSING

A clear 10-stage selling process

Goals & timing

Confirm seller objectives, occupancy and target schedule.

Walkthrough

Verify current condition, improvements, view and parking.

Condo review

Collect dues, budget, reserves, inspections and restrictions.

Price & net

Finalize launch price and verified payoff scenarios.

Documents

Complete listing agreement and seller disclosures.

Preparation

Address cleaning, presentation and priority repairs.

Launch

Professional presentation, MLS exposure and promotion.

Showings

Coordinate access, feedback and market response.

Offer & contract

Compare price, financing, credits and risk—not price alone.

Closing

Coordinate title, association, inspection, appraisal and handoff.

NEXT RECOMMENDED STEP

Schedule the walkthrough and prepare for a $279,900 launch.

We will confirm the unit’s current condition, upgrades, association financials, any assessments and the verified loan payoff before finalizing the listing price and seller net sheet.

Adrian Lopez PA