NOT LISTED FOR SALE

121 NW 31st St Miami, FL 33127

Wynwood Neighborhood

Estimated Value: $1,544,000 - $1,898,000

3 Beds
2 Baths
1,364 Sq Ft
$1,220/Sq Ft Est. Value

Last Sold November 29, 2018

Last sale price $360,000 $264 Per Sq Ft

Est. 362% increase in value since last sale

Current estimated payment $10,773/month

64 Days on Market

Highlights

  • No HOA
  • South Facing Home
  • No Heating
  • 1-Story Property
  • Fenced
  • 4-minute walk to Roberto Clemente Park

About This Home

As of November 2018

Winning investment opportunity to build multifamily or office 1 block from high traffic retail and high–end residential income MIDTOWN Shopping Center (Target, Home Goods, West Elm, Nordstrom Rack, amazing restaurants, and more). 1364 sf on 7150sf gated lot. T3-0 zoning convertible to T-4L zoning, allows for a transition of building massing (size and bulk) between single family and multifamily housing as well as option of adding small business or office. Fantastic investment opportunity!

Last Agent to Sell the Property

Lori Brandt

Compass Florida, LLC License #3069231 Listed on: 01/29/2018

Compass Florida, LLC

Co-Listed By

Marcy Kaplan

Compass Florida, LLC License #3048389

Last Buyer's Agent

Lindsey Bard

Real Estate Sales Force License #3325421

Real Estate Sales Force

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,255

Year Built

  • Built in 1923

Lot Details

  • 7,150 Sq Ft Lot
  • South Facing Home
  • Fenced
  • Property is zoned 5700

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,364 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Open Parking

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • Prices Addn To St James P Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-25-027-0440

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,255

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1923
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Co List Office Mls Id: KWER01
  • Co List Office Phone: 305-757-1700
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: PRICES ADDN TO ST JAMES P
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: First Floor Entry, No Additional Rooms
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 1364
  • Other Equipment: No Equipment
  • Possible Use: Investment
  • Bedroom Features: Entry Level
  • Living Room Features: No Additional Rooms

Exterior Features

  • Roof: Shingle
  • View: None
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PRICES ADDN TO ST JAMES P
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-25-027-0440
  • Lot Size Sq Ft: 7150
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2023
Sold by
Amc Capital Group Llc
Bought by
Wyn107 Development Llc
Current Estimated Value
$1,664,743

Purchase Details

Closed on
Dec 7, 2022
Sold by
Norte31 Investments Lp
Bought by
Amc Capital Group Llc

Purchase Details

Closed on
Feb 14, 2020
Sold by
Zag Investments Wynwood Llc
Bought by
Norte31 Investments Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 29, 2018
Closed on
Nov 28, 2018
Sold by
Costa Bonita Properties Llc
Bought by
Zag Investments Wynwood Llc
Seller's Agent
Lori Brandt
Compass Florida, LLC
Buyer's Agent
Lindsey Bard
Real Estate Sales Force
List Price
$460,000
Sold Price
$360,000
Premium/Discount to List
-$100,000
-21.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.53%

Purchase Details

Closed on
Jun 23, 2015
Sold by
Pelaez Gabriel
Bought by
Costa Bonita Properties Llc

Purchase Details

Closed on
Jul 1, 2003
Sold by
Monrabal Oscar and Monrabal Joanne
Bought by
Pelaez Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
8.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 12, 1998
Sold by
Jovito and Gamon Manuela
Bought by
Monrabal Oscar and Monrabal Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.23%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wyn107 Development Llc $1,500,000 None Listed On Document
Amc Capital Group Llc $433,100 --
Norte31 Investments Lp $410,000 Attorney
Zag Investments Wynwood Llc $360,000 Attorney
Costa Bonita Properties Llc $320,100 None Available
Pelaez Gabriel $86,000 American Title Association
Monrabal Oscar $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norte31 Investments Lp $410,000
Previous Owner Pelaez Gabriel $77,400
Previous Owner Monrabal Oscar $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2018 11/29/18 Sold $360,000 -18.2% $264 / Sq Ft
04/03/2018 04/03/18 Pending -- -- --
03/02/2018 03/02/18 Price Changed $440,000 -4.3% $323 / Sq Ft
01/29/2018 01/29/18 For Sale $460,000 -- $337 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,991 $1,178,181 $1,072,500 $105,681
2024 $20,941 $1,178,578 $1,072,500 $106,078
2023 $20,941 $1,000,222 $893,750 $106,472
2022 $8,353 $333,531 $0 $0
2021 $6,822 $376,239 $293,210 $83,029
2020 $7,634 $383,103 $308,314 $74,789
2019 $7,251 $321,866 $246,859 $75,007
2018 $6,439 $397,080 $321,854 $75,226
2017 $5,255 $216,521 $0 $0
2016 $4,676 $196,838 $0 $0
2015 $2,845 $94,260 $0 $0
2014 -- $85,691 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lori Brandt

    Seller's Agent in 2018

    Lori Brandt

    Compass Florida, LLC

    (786) 553-1962

    46 Total Sales

    Lori Brandt
    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Marcy Kaplan

    Compass Florida, LLC

    (305) 851-2820

    30 Total Sales

    Marcy Kaplan
    Section Image

  • L

    Buyer's Agent in 2018

    Lindsey Bard

    Real Estate Sales Force

    (305) 392-1497

    2 in this area

    3 Total Sales

    Lindsey Bard
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10403035

MIAMI REALTORS® MLS

APN: 01-3125-027-0440

Florida Miami/Dade County Miami 33127 Wynwood

121 NW 31st St, Miami, FL

Not Listed for Sale

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