NOT LISTED FOR SALE

2241 NW 7th St Miami, FL 33125

West Flagler Neighborhood

Estimated Value: $1,961,675 - $3,477,000

0.47 Acre
$5,785,826 Price per Acre
20,473 Sq Ft Lot

Last Sold November 30, 2021

Last sale price $1,775,000

Est. 53% increase in value since last sale

Current estimated payment $16,893/month

366 Days on Market

About This Lot

As of November 2021

WELL LOCATED. MULTIFAMILY-COMMERCIAL LOT NEAR MARLINS PARK. FACING NW 7ST. FROM 22CT TO 22 PL. 25,950 SF. ZONE T68O & T3O. FOR ADDITIONAL INFORMATION, VIEW ATTACHED OFFERING MEMORANDUM. MOTIVATED SELLER.

Last Agent to Sell the Property

Julio Diaz

Shelton and Stewart REALTORS License #0391305 Listed on: 10/26/2020

Shelton and Stewart REALTORS

Last Buyer's Agent

Julio Diaz

Shelton and Stewart REALTORS License #0391305 Listed on: 10/26/2020

Shelton and Stewart REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $25,950

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 194x122
  • Irregular Lot
  • Additional Parcels
  • Property is zoned T68O

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Ridgeview Condos
  • Ridgeview Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 01-31-34-041-0340

Property Details

Property Type

Land

Est. Annual Taxes

$25,950

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Commercial
  • Directions: JUST BLOCKS FROM MARLIN STADIUM ON NW 7 ST BETWEEN 22 CT AND 22 PL. SIGN ON PROPERTY.
  • Horses: No
  • Lot Size Acres: 0.47
  • Lot Size: 194x122
  • New Construction: No
  • Road Frontage Type: County Road, City/County Maintained
  • Structure Type: Commercial
  • Subdivision Name: RIDGEVIEW
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Investment, Central Urban, Other Plan Use, Urban Commercial

Exterior Features

  • Lot Features: City Location, Irregular Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RIDGEVIEW

Utilities

  • Sewer: Other, Public Sanitation
  • Water Source: Other
  • Utilities: Other Utilities Available, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-34-041-0340
  • Additional Parcels: Yes
  • Current Use: Unimproved Business/Commercial, Unimproved Hotel/Motel, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 20543
  • Zoning: T68O
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 25950
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2020
Closed on
Nov 29, 2021
Sold by
Mengar At 2241 Llc
Bought by
2241 Banes Llc
Seller's Agent
Julio Diaz
Shelton and Stewart REALTORS
Buyer's Agent
Julio Diaz
Shelton and Stewart REALTORS
List Price
$2,000,000
Sold Price
$1,775,000
Premium/Discount to List
-$225,000
-11.25%
Current Estimated Value
$2,719,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$944,338
Avg. Annual Appreciation
11.56%

Purchase Details

Listed on
Jan 16, 2017
Closed on
Jul 14, 2017
Sold by
Sam Property Investors Llc
Bought by
Menger At 2241 Llc
Seller's Agent
Louis McMillian
Global Investments Realty
Buyer's Agent
Louis McMillian
Global Investments Realty
List Price
$1,495,000
Sold Price
$1,390,000
Premium/Discount to List
-$105,000
-7.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$695,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 31, 2007
Sold by
River Place Llc
Bought by
Sam Property Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.65%
Mortgage Type
Unknown

Purchase Details

Closed on
May 13, 2005
Sold by
Rd Investments Group Corp
Bought by
Los Girasoles Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 27, 2004
Sold by
Lisbet Corp
Bought by
Rd Investments Group Corp

Purchase Details

Closed on
Mar 4, 2002
Sold by
Isabel Achong I
Bought by
Lisbet Corp

Purchase Details

Closed on
Sep 21, 2001
Sold by
Evelio W Velasco Jr I
Bought by
Achong Isabel
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
2241 Banes Llc $1,395,000 None Listed On Document
Menger At 2241 Llc $1,390,000 Attorney
Sam Property Investors Llc $1,600,000 Attorney
Los Girasoles Llc $2,000,000 Realestate Agents Title Svcs
Rd Investments Group Corp $400,000 Ponce De Leon Title
Lisbet Corp $170,000 --
Achong Isabel $100 --
Achong Isabel $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Menger At 2241 Llc $695,000
Previous Owner Mengar At 2241 Llc $695,000
Previous Owner Sam Property Investors Llc $1,500,000
Previous Owner Los Girasoles Llc $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2021 11/30/21 Sold $1,775,000 -11.3% --
10/27/2021 10/27/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $2,000,000 0.0% --
07/02/2021 07/02/21 Pending -- -- --
10/26/2020 10/26/20 For Sale $2,000,000 +43.9% --
07/14/2017 07/14/17 Sold $1,390,000 -7.0% -- View Prior Sale
03/27/2017 03/27/17 Pending -- -- --
01/11/2017 01/11/17 For Sale $1,495,000 -- --
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 $30,216 $1,435,177 -- --
2024 $20,118 $1,304,707 -- --
2023 $20,118 $826,100 $0 $0
2022 $21,346 $1,035,440 $1,035,440 $0
2021 $13,750 $647,150 $647,150 $0
2020 $13,783 $647,150 $647,150 $0
2019 $13,814 $647,150 $647,150 $0
2018 $13,555 $647,150 $647,150 $0
2017 $9,407 $375,864 $0 $0
2016 $9,220 $341,695 $0 $0
2015 $9,071 $350,807 $0 $0
2014 $8,219 $341,695 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julio Diaz

    Seller's Agent in 2021

    Julio Diaz

    Shelton and Stewart REALTORS

    (305) 710-4361

    2 in this area

    3 Total Sales

    Julio Diaz
    Section Image
  • Louis McMillian

    Seller's Agent in 2017

    Louis McMillian

    Global Investments Realty

    (305) 496-8400

    8 Total Sales

    Louis McMillian
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10948426

MIAMI REALTORS® MLS

APN: 01-3134-041-0340

Florida Miami/Dade County Miami 33125 West Flagler

2241 NW 7th St, Miami, FL

This home is located at 2241 NW 7th St, Miami, FL 33125 since 26 October 2020 and is currently estimated at $2,719,338. 2241 NW 7th St is a home located in Miami-Dade County with nearby schools including Citrus Grove Elementary School, Citrus Grove 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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