NOT LISTED FOR SALE

1850 NW 24th Ct Miami, FL 33125

Allapattah Neighborhood

Estimated Value: $574,999 - $826,000

3 Beds
2 Baths
1,475 Sq Ft
$450/Sq Ft Est. Value

Last Sold November 09, 2022

Last sale price $520,000 $353 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,366/month

41 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • 3-minute walk to Gerry Curtis Park
  • No HOA
  • Central Heating and Cooling System

About This Home

As of November 2022

The Curtis Park Triplex. Ideal for fix&flip, BRRRR, or new development investors.

Built in 1955 featuring three 2-bed /1 bath units on a 6,345 SF lot. Zoning T3-O. Value-add opportunity, 2-story building, w/ample parking. Tenants on mth-to-mth lease plus other income generating $4,100/month. Property Taxes $6,563/yr.

While rented below market rates, this Miami River asset has huge upside with rental growth, with year 1 Cap Rate projections over 8%, in a neighborhood that continues to be revitalized close to the Miami River District and Downtown Miami.

Last Agent to Sell the Property

Juan Sotolongo

Compass Florida, LLC License #3302712 Listed on: 08/26/2022

Compass Florida, LLC

Last Buyer's Agent

Juan Sotolongo

Compass Florida, LLC License #3302712 Listed on: 08/26/2022

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,447

Year Built

  • Built in 1955

Lot Details

  • 6,360

Parking

  • 7 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,475 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Additional Features

  • Corner Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 3 Units
  • Wm G Just Sub Condos
  • Wm G Just Sub Subdivision

Listing and Financial Details

  • Total Actual Rent $4,100
  • Rent includes electricity, gardener, sewer, trash collection, water
  • Assessor Parcel Number 01-31-34-030-0090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,447

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1955
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Directions: Corner Lot at the Intersection of NW N River Dr & NW 24th Ct. Just Northwest of the Miami River District near Jest Island and Curtis Park. Close proximity to 836 Highway and I-95.
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: WM G JUST SUB
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 1475
  • Possible Use: Unknown/Withheld
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Corner Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: WM G JUST SUB
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-34-030-0090
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Gardener, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6447

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Total Actual Rent: 4100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Nov 9, 2022
Sold by
8900 Partners Llc
Bought by
America South Florida Corp
Seller's Agent
Juan Sotolongo
Compass Florida, LLC
Buyer's Agent
Juan Sotolongo
Compass Florida, LLC
List Price
$650,000
Sold Price
$520,000
Premium/Discount to List
-$130,000
-20%
Views
14
Current Estimated Value
$664,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,000
Avg. Annual Appreciation
9.43%
Original Mortgage
$472,500
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2012
Closed on
Oct 29, 2012
Sold by
Almanzar Nurys M and Matos Ignacio
Bought by
Concepcion Jose L
Seller's Agent
Henry Salum
MMLS Assoc.-Inactive Member
Buyer's Agent
Henry Salum
MMLS Assoc.-Inactive Member
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.39%

Purchase Details

Closed on
May 12, 2006
Sold by
Castaneda Esther
Bought by
Almanzar Nurys M and Matos Ignacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 8, 2005
Sold by
Alvarez Omar
Bought by
Castaneda Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
7.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 30, 1993
Sold by
Eckhart Debora Alicia and Eckhart Deborah Alicia
Bought by
Castaneda Esther and Alvarez Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.14%
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
America South Florida Corp $675,000 Allied Title Group
8900 Partners Llc $520,000 Allied Title Group
Concepcion Jose L $135,000 Attorney
Almanzar Nurys M $410,000 Attorney
Castaneda Esther $88,000 --
Castaneda Esther $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open America South Florida Llc $562,500
Previous Owner America South Florida Corp $472,500
Previous Owner Almanzar Nurys M $328,000
Previous Owner Castaneda Esther $264,000
Previous Owner Castaneda Esther $49,500
Previous Owner Castaneda Esther $164,500
Previous Owner Castaneda Esther $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $520,000 -5.5% $353 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
09/29/2022 09/29/22 Price Changed $550,000 -7.6% $373 / Sq Ft
09/15/2022 09/15/22 Price Changed $595,000 -8.5% $403 / Sq Ft
09/05/2022 09/05/22 For Sale $650,000 0.0% $441 / Sq Ft
09/04/2022 09/04/22 Off Market $650,000 -- --
08/26/2022 08/26/22 For Sale $650,000 +381.5% $441 / Sq Ft
10/30/2012 10/30/12 Sold $135,000 -10.0% $63 / Sq Ft
07/12/2012 07/12/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $150,000 -- $70 / 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 $9,062 $455,856 -- --
2024 $8,888 $414,415 $209,385 $205,030
2023 $8,888 $395,400 $190,350 $205,050
2022 $6,960 $275,696 $0 $0
2021 $6,447 $250,633 $0 $0
2020 $5,940 $273,784 $123,728 $150,056
2019 $5,567 $261,114 $111,038 $150,076
2018 $5,091 $245,762 $111,038 $134,724
2017 $4,561 $171,188 $0 $0
2016 $4,343 $155,626 $0 $0
2015 $4,086 $141,479 $0 $0
2014 $3,677 $128,618 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Juan Sotolongo

    Seller's Agent in 2022

    Juan Sotolongo

    Compass Florida, LLC

    (786) 227-1055

    1 in this area

    14 Total Sales

    Juan Sotolongo
    Section Image

  • H

    Seller's Agent in 2012

    Henry Salum

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11251797

MIAMI REALTORS® MLS

APN: 01-3134-030-0090

Florida Miami/Dade County Miami 33125 Allapattah

1850 NW 24th Ct, Miami, FL

This home is located at 1850 NW 24th Ct, Miami, FL 33125 since 26 August 2022 and is currently estimated at $664,000, approximately $450 per square foot. This property was built in 1955. 1850 NW 24th Ct is a home located in Miami-Dade County with nearby schools including Comstock Elementary School, Brownsville Middle School, and Miami Jackson 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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