NOT LISTED FOR SALE

Estimated Value: $1,461,551

0.31 Acres
$4,714,681 Price per Acre
13,504 Sq Ft Lot

Last Sold March 18, 2022

Last sale price $1,000,000

Est. 46% increase in value since last sale

Current estimated payment $9,168/month

112 Days on Market

About This Lot

As of March 2022

Prime investment opportunity in Little Haiti. Zoned T5-O. Vacant lot ready to build mixed use, up to 19 units + retail. Blue Prints and plans available and included n the sale. Environmental Phase 1 and 2 showed no issues, reports available upon request. Survey also available upon request. Email listing or call office for more information.
Great Site for Development, vacant land with +/- 13,400sf with 100 Linear feet fronting NW 54 St. Zoned T5-O, South Side of NW 54 St between NW 1st Ave and NW 2nd Ave.

Last Agent to Sell the Property

Gil Terem

The Real Estate Lab, Inc. License #0690805 Listed on: 08/17/2021

Last Buyer's Agent

Gil Terem

The Real Estate Lab, Inc. License #0690805 Listed on: 08/17/2021

Property Details

Property Type

  • Land

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 101x130
  • Property is zoned 6101

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Railway Shops Addn 2Nd Am Condos
  • Railway Shops Addn 2Nd Am Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-24-013-0030

Property Details

Property Type

Land

Lot Details

0.31 Acres

Listing Details

  • Property Type: Commercial Land
  • Horses: No
  • Lot Size Acres: 0.31
  • Lot Size: 101x130
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Subdivision Name: RAILWAY SHOPS ADDN 2ND AM
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Investment, Urban Commercial

Exterior Features

  • Lot Features: City Location, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RAILWAY SHOPS ADDN 2ND AM

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-24-013-0030
  • Current Use: Unimproved Business/Commercial
  • Lot Size Sq Ft: 13400
  • Zoning: 6101
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Feb 10, 2022
Sold by
178 Nw 54 St Miami Llc
Bought by
Upper 54 Llc
Seller's Agent
Gil Terem
The Real Estate Lab, Inc.
Buyer's Agent
Gil Terem
The Real Estate Lab, Inc.
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Current Estimated Value
$1,461,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$461,551
Avg. Annual Appreciation
9.95%
Original Mortgage
$500,000
Outstanding Balance
$460,791
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,000,761

Purchase Details

Closed on
Feb 24, 2021
Sold by
Inmobiliaria Irkus Inc
Bought by
178 Nw 54 St Miami Llc

Purchase Details

Listed on
May 22, 2019
Closed on
Apr 8, 2020
Sold by
Trendy Properties Llc
Bought by
Inmobiliaria Irkus Inc
Seller's Agent
Eric Gonzalez
Central Commercial Real Estate
Buyer's Agent
Rodolfo Hinrichs
MMLS Assoc.-Inactive Member
List Price
$685,000
Sold Price
$650,000
Premium/Discount to List
-$35,000
-5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.77%

Purchase Details

Listed on
Feb 22, 2016
Closed on
May 6, 2016
Sold by
Abdeldayem Abrahim and Abdeldayem Ahamed
Bought by
Trendy Properties Llc
Seller's Agent
Joel Rodriguez
Global Investments Realty
Buyer's Agent
Joel Rodriguez
Global Investments Realty
List Price
$590,000
Sold Price
$535,000
Premium/Discount to List
-$55,000
-9.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%

Purchase Details

Closed on
Aug 9, 2007
Sold by
Biscayne Bay Land Co
Bought by
Abdeldayem Abrahim and Abdeldayem Ahamed

Purchase Details

Closed on
Aug 23, 2004
Sold by
Harvey Ruvin
Bought by
County Of Miami Dade

Purchase Details

Closed on
Apr 27, 2004
Sold by
Wottsamatta Co
Bought by
Biscayne Bay Land Co

Purchase Details

Closed on
Mar 15, 2004
Sold by
American Medical Ventures Inc
Bought by
Wottsamatta Co

Purchase Details

Closed on
Jun 1, 1995
Sold by
County Of Miamidade
Bought by
Abdeldayem Abrahim and Abdeldayem Ahamed
Source: Public Records
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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
Upper 54 Llc $1,000,000 Berger Singerman Llp
178 Nw 54 St Miami Llc $607,500 Attorney
Inmobiliaria Irkus Inc $650,000 Clear Title Services Inc
Trendy Properties Llc $535,000 Clear Title Services Inc
Abdeldayem Abrahim -- Attorney
County Of Miami Dade -- --
Biscayne Bay Land Co $1,000 --
Wottsamatta Co $20,000 --
Abdeldayem Abrahim $45,850 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Upper 54 Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2022 03/18/22 Sold $1,000,000 -16.7% --
12/07/2021 12/07/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $1,200,000 +84.6% --
04/29/2020 04/29/20 Sold $650,000 -5.1% -- View Prior Sale
03/06/2020 03/06/20 For Sale $685,000 0.0% --
12/10/2019 12/10/19 Pending -- -- --
08/26/2019 08/26/19 Price Changed $685,000 -2.1% --
08/24/2019 08/24/19 Price Changed $699,882 -8.5% --
05/22/2019 05/22/19 For Sale $765,000 +43.0% --
05/06/2016 05/06/16 Sold $535,000 -9.3% -- View Prior Sale
03/14/2016 03/14/16 Pending -- -- --
11/12/2015 11/12/15 For Sale $590,000 -- --
Source: MIAMI REALTORS® MLS

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 $18,751 $1,028,500 -- --
2024 $19,282 $935,000 -- --
2023 $19,282 $850,000 $850,000 $0
2022 $16,575 $804,000 $804,000 $0
2021 $14,235 $670,000 $670,000 $0
2020 $12,358 $670,000 $670,000 $0
2019 $10,738 $536,000 $536,000 $0
2018 $9,442 $469,000 $469,000 $0
2017 $9,935 $402,000 $0 $0
2016 $5,018 $176,880 $0 $0
2015 $3,575 $160,800 $0 $0
2014 $4,205 $184,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11085953

MIAMI REALTORS® MLS

APN: 01-3124-013-0030

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