NOT LISTED FOR SALE

1520 NW 2nd St Miami, FL 33125

Little Havana Neighborhood

Estimated Value: $667,000 - $859,000

0.17 Acre
$4,572,400 Price per Acre
7,500 Sq Ft Lot

Last Sold May 28, 2024

Last sale price $750,000 $557 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,395/month

84 Days on Market

About This Lot

As of May 2024

This 10-unit development site in the vibrant Little Havana neighborhood presents an incredible investment opportunity. With a surge in development in the area, it's a high-demand rental location that offers easy access to all essential amenities. When scheduling a visit, kindly ensure that you respect the privacy of the current tenants. If you're interested in exploring this property further, I'm here to provide you with more details and answer any questions you may have.

Last Agent to Sell the Property

Jose Serrano

New Miami Realty License #3020919 Listed on: 02/02/2024

Last Buyer's Agent

Horacio Ferrando

Avenew Realty Corp License #3374130

Avenew Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,629

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Property is zoned 6107

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Lawrence Estate Land Co Condos
  • Lawrence Estate Land Co Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-02-005-8690

Property Details

Property Type

Land

Est. Annual Taxes

$6,629

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Residential
  • Horses: No
  • Lot Size Acres: 0.17
  • Lot Size: 50x150
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Structure Type: Residential
  • Subdivision Name: LAWRENCE ESTATE LAND CO
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Investment, None

Exterior Features

  • Lot Features: City Location, Near Airport, Regular Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LAWRENCE ESTATE LAND CO

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Sewer Connected, Water Connected, Sewer Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-02-005-8690
  • Additional Parcels: No
  • Current Use: Other Usage, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 7500
  • Zoning: 6107
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6629

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
May 14, 2024
Sold by
Cervantes Toris Ricardo Prudencio and Sanchez Montero Raquel
Bought by
Ferrando Properties 1520 Llc
Seller's Agent
Jose Serrano
New Miami Realty
Buyer's Agent
Horacio Ferrando
Avenew Realty Corp
List Price
$850,000
Sold Price
$750,000
Premium/Discount to List
-$100,000
-11.76%
Views
37
Current Estimated Value
$777,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,308
Avg. Annual Appreciation
2.90%
Original Mortgage
$600,000
Outstanding Balance
$260,462
Interest Rate
7.17%
Mortgage Type
Balloon
Estimated Equity
$516,846

Purchase Details

Closed on
Dec 16, 2022
Sold by
Toris Ricardo Prudencio Cervantes and Toris Raqu
Bought by
Toris Ricardo Prudencio Ce

Purchase Details

Closed on
Oct 13, 2022
Sold by
Montero Raquel Sanchez and Montero Ricardo Prudenc
Bought by
Toris Ricardo Prudencio Ce and Montero Raquel Sanchez

Purchase Details

Closed on
Jul 21, 2022
Sold by
Sanchez Mario A
Bought by
Sanchez Ricardo Cervantes
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
Ferrando Properties 1520 Llc $750,000 None Listed On Document
Toris Ricardo Prudencio Ce -- --
Toris Ricardo Prudencio Ce -- --
Sanchez Ricardo Cervantes -- Arazoza & Fernandez-Fraga Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferrando Properties 1520 Llc $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2024 05/28/24 Sold $750,000 -11.8% $557 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $850,000 -- $631 / 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 $14,321 $830,729 $750,000 $80,729
2024 $14,242 $737,662 -- --
2023 $14,242 $716,177 $637,500 $78,677
2022 $6,629 $222,411 $0 $0
2021 $6,280 $202,192 $0 $0
2020 $6,058 $431,184 $375,000 $56,184
2019 $6,003 $454,707 $375,000 $79,707
2018 $0 $417,464 $337,500 $79,964
2017 $4,793 $138,100 $0 $0
2016 $4,222 $125,546 $0 $0
2015 $2,194 $89,618 $0 $0
2014 $2,194 $81,471 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jose Serrano

    Seller's Agent in 2024

    Jose Serrano

    New Miami Realty

    (305) 283-0492

    1 in this area

    10 Total Sales

    Jose Serrano
    Section Image
  • Horacio Ferrando

    Buyer's Agent in 2024

    Horacio Ferrando

    Avenew Realty Corp

    (786) 397-9417

    6 in this area

    88 Total Sales

    Horacio Ferrando
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11526086

MIAMI REALTORS® MLS

APN: 01-4102-005-8690

Florida Miami/Dade County Miami 33125 Little Havana

1520 NW 2nd St, Miami, FL

This home is located at 1520 NW 2nd St, Miami, FL 33125 since 02 February 2024 and is currently estimated at $777,308, approximately $577 per square foot. 1520 NW 2nd St is a home located in Miami-Dade County with nearby schools including Citrus Grove Elementary School, Citrus Grove Middle School, and Miami Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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