NOT LISTED FOR SALE
0.11 Acre
-- Price per Acre
5,000 Sq Ft Lot

Last Sold August 25, 2017

Last sale price $750,000 $135 Per Sq Ft

78 Days on Market

About This Lot

As of August 2017

Great 10 Unit Shopping Center in the heart of East Hialeah. Shopping Center has an unlimited potential for flourishing local businesses not limited to (restaurants, offices, niche stores, and many many more.) Unit parking can be found in the back and front, as the shopping center sits on a corner. There is a total of 5441 Sq Ft of retail office space on 13498 sqft of land. The property has 11 bays, each with its own water and power meter. Each bay is approximately 500 sqft and can rent for $1,000+/-. Currently there are 3 tenants occupying 5 bays. The current owner is not leasing any spaces, which is why it is vacant.

Last Agent to Sell the Property

Eddie Blanco

Stratwell, LLC License #0658938 Listed on: 05/04/2017

Last Buyer's Agent

Eddie Blanco

Stratwell, LLC License #0658938 Listed on: 05/04/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,867

Year Built

  • 1958

Lot Details

  • 5,000 Sq Ft Lot
  • Property is zoned 6300

Community Details

  • No Home Owners Association
  • Town Of Hialeah 1 Addn Am Condos
  • Town Of Hialeah 1 Addn Am Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04-31-18-003-4611

Property Details

Property Type

Land

Est. Annual Taxes

$1,867

Year Built

1958

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Horses: No
  • New Construction: No
  • Road Frontage Type: Public Road
  • Subdivision Name: TOWN OF HIALEAH 1 ADDN AM
  • Special Features: 5120
  • Property Sub Type: LotsLands
  • Year Built: 1958

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Investment, Central Urban, Other Plan Use

Exterior Features

  • Lot Features: Shopping Center, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: TOWN OF HIALEAH 1 ADDN AM

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Other Utilities Available, None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 04-31-18-003-4611
  • Current Use: Income (Recreational)
  • Lot Size Sq Ft: 5000
  • Zoning: 6300
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 1867

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2017
Closed on
Aug 7, 2017
Sold by
United States Of America
Bought by
1500 Prestige Center Llc
Seller's Agent
Eddie Blanco
Stratwell, LLC
Buyer's Agent
Eddie Blanco
Stratwell, LLC
List Price
$925,000
Sold Price
$750,000
Premium/Discount to List
-$175,000
-18.92%
Total Days on Market
78

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$570,925
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 2016
Bought by
United States Of America

Purchase Details

Closed on
May 1, 2014
Sold by
Jih Llc
Bought by
Investors Group Of Florida Corp

Purchase Details

Closed on
Mar 16, 2010
Sold by
Garcia Octavio and Garcia Rosa M
Bought by
J I H Llc

Purchase Details

Closed on
Mar 16, 2005
Sold by
Carache Eloyda and Carcache Elayda
Bought by
Garcia Octavio and Garcia Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 18, 2002
Sold by
Hadid Claire
Bought by
Carcache Elayda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
12%
Mortgage Type
Balloon
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
1500 Prestige Center Llc $750,000 Attorney
United States Of America -- --
Investors Group Of Florida Corp $835,000 --
J I H Llc $720,000 Flagler Land Title Svcs Inc
Garcia Octavio $820,000 Title Partners Of Fl Inc
Carcache Elayda $305,000 Ambassador Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1500 Prestige Center Llc $675,000
Previous Owner Garcia Octavio $50,500
Previous Owner Garcia Octavio $50,000
Previous Owner Carcache Elayda $570,000
Previous Owner Carcache Elayda $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2017 08/25/17 Sold $750,000 -18.9% $135 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $925,000 -- $167 / 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
2024 $7,269 $321,147 -- --
2023 $7,269 $291,952 $0 $0
2022 $5,123 $265,411 $0 $0
2021 $5,050 $253,839 $0 $0
2020 $4,694 $242,908 $140,000 $102,908
2019 $4,362 $225,121 $125,000 $100,121
2018 $4,386 $231,676 $130,000 $101,676
2017 $0 $233,229 $0 $0
2016 $1,867 $194,724 $0 $0
2015 $3,526 $177,022 $0 $0
2014 $3,457 $170,186 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10271831

MIAMI REALTORS® MLS

APN: 04-3118-003-4611