NOT LISTED FOR SALE

1547 NW 2nd St Miami, FL 33125

Little Havana Neighborhood

Estimated Value: $1,056,000 - $1,698,000

0.16 Acre
$7,923,031 Price per Acre
7,000 Sq Ft Lot

Last Sold October 03, 2022

Last sale price $950,000 $647 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,035/month

47 Days on Market

About This Lot

As of October 2022

Site Plan Approved 2-story 10-unit development site in Little Havana, Miami, Florida w/ 100% parking reduction. Permit approval & 100% parking reduction approval in next 2 to 3 months. “The Pennant Apartments” has the permit set available for review during due diligence. Plans & renderings by Modis Architects. Zoned T5, the project is on a 7,000 SF lot w/ 8,745 planned buildable & 6,593 leasable SF. Existing improvements generate current income of $2,300/mo covering expenses until demo. Hot Little Havana continues to develop as Brickell expands wests & achieves $4/SF/mo in rental rates. See attached proforma rental model & development/IRR model showing a approx. 32% return. Near the Stadium & well positioned between Brickell, Wynwood, the Hospital District, Roads, Gables & Grove.

Last Agent to Sell the Property

Brian Carter, MBA, CCIM

Douglas Elliman License #3022095 Listed on: 08/16/2022

Douglas Elliman

Co-Listed By

Daniel Hernandez

Douglas Elliman License #3347083

Last Buyer's Agent

Itai Tsanaani

Buy It Smart, LLC. License #3245031

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,895

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Dirt Road
  • 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

  • Tax Lot 7000
  • Assessor Parcel Number 01-41-02-005-8270

Property Details

Property Type

Land

Est. Annual Taxes

$5,895

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Residential
  • Co List Office Mls Id: DEOM10
  • Co List Office Phone: 305-677-5000
  • Directions: Sign on property. Don't bother tenants. Please see attachments to include the survey, property information, development and IRR Model. Full permits in 2 to 3 months.
  • Horses: No
  • Lot Size Acres: 0.16
  • Lot Size: 50x140
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: LAWRENCE ESTATE LAND CO
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld, Open Land, Urban Commercial

Exterior Features

  • Lot Features: City Location, Dirt, Less Than 1 Acre
  • 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: Electricity Connected, Other Utilities Available, Sewer Connected, Water Connected, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-02-005-8270
  • Additional Parcels: No
  • Current Use: Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 7000
  • Zoning: 6107
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5895
  • Tax Lot: 7000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2022
Closed on
Oct 3, 2022
Sold by
Land Enhancement Group Llc
Bought by
Ademat Us Llc
Seller's Agent
Brian Carter, MBA, CCIM
Douglas Elliman
Buyer's Agent
Itai Tsanaani
Buy It Smart, LLC.
List Price
$950,000
Sold Price
$950,000
Views
8
Current Estimated Value
$1,267,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,685
Avg. Annual Appreciation
10.42%

Purchase Details

Listed on
Oct 27, 2020
Closed on
Mar 24, 2021
Sold by
Gonzalez Juana Caridad
Bought by
Land Enhancement Group Llc
Seller's Agent
Alexandre Larmier
Compass Florida, LLC
Buyer's Agent
Brian Carter, MBA, CCIM
Douglas Elliman
List Price
$599,000
Sold Price
$515,000
Premium/Discount to List
-$84,000
-14.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.00%
Original Mortgage
$386,250
Interest Rate
2.9%
Mortgage Type
Amount Keyed Is An Aggregate Amount

Purchase Details

Closed on
Oct 22, 2012
Sold by
Leon Evaristo and Diaz Eloisa C
Bought by
Gonzalez Juana Caridad

Purchase Details

Closed on
Sep 25, 2008
Sold by
Sepulveda Lazaro
Bought by
Leon Evaristo and Diaz Eloisa C

Purchase Details

Closed on
Nov 18, 1999
Sold by
Felicia Estarellas Tr
Bought by
Sepulvedas Lazaro
Source: Public Records

Range of Values:

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Average Value
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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
Ademat Us Llc $950,000 --
Land Enhancement Group Llc $515,000 Clear Title Group
Gonzalez Juana Caridad -- Attorney
Leon Evaristo $65,000 Attorney
Sepulvedas Lazaro $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ademat Us Llc $1,525,000
Previous Owner Land Enhancement Group Llc $386,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $950,000 0.0% $647 / Sq Ft
08/16/2022 08/16/22 For Sale $950,000 +84.5% $647 / Sq Ft
03/31/2021 03/31/21 Sold $515,000 -10.4% $351 / Sq Ft
01/07/2021 01/07/21 Price Changed $575,000 -4.0% $392 / Sq Ft
10/27/2020 10/27/20 For Sale $599,000 -- $408 / 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 $14,172 $700,000 $700,000 --
2024 $15,165 $654,500 -- --
2023 $15,165 $700,772 $595,000 $105,772
2022 $9,989 $447,687 $420,000 $27,687
2021 $5,895 $158,306 $0 $0
2020 $5,730 $411,070 $350,000 $61,070
2019 $5,740 $436,882 $350,000 $86,882
2018 $5,156 $401,896 $315,000 $86,896
2017 $4,677 $108,127 $0 $0
2016 $4,168 $98,298 $0 $0
2015 $3,335 $89,362 $0 $0
2014 $3,001 $81,239 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Carter, MBA, CCIM

    Seller's Agent in 2022

    Brian Carter, MBA, CCIM

    Douglas Elliman

    (305) 582-2424

    6 in this area

    56 Total Sales

    Brian Carter, MBA, CCIM
    Section Image
  • Daniel Hernandez

    Seller Co-Listing Agent in 2022

    Daniel Hernandez

    Douglas Elliman

    (305) 484-0367

    2 in this area

    53 Total Sales

    Daniel Hernandez
    Section Image

  • I

    Buyer's Agent in 2022

    Itai Tsanaani

    Buy It Smart, LLC.

    Section Image
  • Alexandre Larmier

    Seller's Agent in 2021

    Alexandre Larmier

    Compass Florida, LLC

    (786) 301-5357

    2 in this area

    61 Total Sales

    Alexandre Larmier
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11257309

MIAMI REALTORS® MLS

APN: 01-4102-005-8270

Florida Miami/Dade County Miami 33125 Little Havana

1547 NW 2nd St, Miami, FL

This home is located at 1547 NW 2nd St, Miami, FL 33125 since 16 August 2022 and is currently estimated at $1,267,685, approximately $863 per square foot. 1547 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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