$1,800,000
SOLD JUL 16, 2018

2426 NE 2nd Ave Miami, FL 33137

Edgewater Neighborhood
0.11 Acre
$15,789,474 Price per Acre
5,000 Sq Ft Lot

Recently Sold

$761 Per Sq Ft

11% Below List Price

46 Days on Market

About This Lot

As of July 2018

freestanding building located at the heart of the thriving neighborhood, Edgewater. This fully built-out 2nd generation restaurant features a 5,000 SF lot, with an adjusted area of 2,365 SF. Fully built out and licensed turn key 90 seat restaurant with full liquor bar. 4 COP license tied to property. Rare opportunity for a Restaurant operator to own their own restaurant with the real estate included. Be your own landlord.
Seller financing available

Last Agent to Sell the Property

Lyle Chariff

MMLS Assoc.-Inactive Member License #0598708 Listed on: 05/31/2018

Last Buyer's Agent

Lyle Chariff

MMLS Assoc.-Inactive Member License #0598708 Listed on: 05/31/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,296

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 45x100
  • Property is zoned 6110

Utilities

  • Phone Available

Community Details

  • No Home Owners Association
  • Park Place Condos
  • Park Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-25-009-0160

Property Details

Property Type

Land

Est. Annual Taxes

$18,296

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Horses: No
  • Lot Size Acres: 0.114
  • Lot Size: 45x100
  • New Construction: No
  • Road Frontage Type: Legal Access Road
  • Subdivision Name: PARK PLACE
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Investment, None

Exterior Features

  • Lot Features: Urban Area Development, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PARK PLACE

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-25-009-0160
  • Current Use: Unimproved Business/Commercial
  • Lot Size Sq Ft: 5000
  • Zoning: 6110
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 18296

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2018
Closed on
Jul 16, 2018
Sold by
2426 Ne 2Nd Llc
Bought by
Albino Llc
Seller's Agent
Lyle Chariff
MMLS Assoc.-Inactive Member
Buyer's Agent
Lyle Chariff
MMLS Assoc.-Inactive Member
List Price
$2,025,000
Sold Price
$1,800,000
Premium/Discount to List
-$225,000
-11.11%
Current Estimated Value
$2,971,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,171,177
Avg. Annual Appreciation
7.27%
Original Mortgage
$11,260,000
Outstanding Balance
$9,799,160
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$6,821,886

Purchase Details

Closed on
May 16, 2014
Sold by
Daniel K Properties Inc
Bought by
2426 Ne 2Nd Llc

Purchase Details

Closed on
Oct 15, 2010
Sold by
Miranda Carmen
Bought by
Daniel K Properties Inc

Purchase Details

Closed on
Jun 1, 2006
Sold by
Miranda Carmen E
Bought by
Midtown Blue Group Inc

Purchase Details

Closed on
Sep 8, 2005
Sold by
Daniel K Properties Inc
Bought by
Miranda Carmen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 26, 2004
Sold by
Klein Raymond A
Bought by
Daniel K Properties Inc

Purchase Details

Closed on
Dec 3, 2002
Sold by
Drake Victor
Bought by
Klein Raymond A
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 Type Sale Price Title Company
Warranty Deed $1,650,000 Attorney
Warranty Deed $800,000 Clear Title Services Inc
Trustee Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $750,000 --
Warranty Deed -- --
Warranty Deed $165,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $11,260,000 Commercial
Previous Owner $705,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2018 07/16/18 Sold $1,800,000 -11.1% $761 / Sq Ft
05/31/2018 05/31/18 For Sale $2,025,000 -- $856 / 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 $28,334 $1,465,836 $1,375,000 $90,836
2024 $27,282 $1,388,872 -- --
2023 $27,282 $1,262,611 $0 $0
2022 $25,726 $1,147,829 $0 $0
2021 $24,454 $1,150,981 $1,075,000 $75,981
2020 $25,584 $1,201,225 $1,125,000 $76,225
2019 $25,573 $1,198,012 $1,125,000 $73,012
2018 $21,043 $1,285,746 $1,212,500 $73,246
2017 $18,296 $792,290 $0 $0
2016 $17,089 $688,446 $0 $0
2015 $13,916 $625,860 $0 $0
2014 $5,017 $161,602 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lyle Chariff

    MMLS Assoc.-Inactive Member

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10478671

MIAMI REALTORS® MLS

APN: 01-3125-009-0160

Florida Miami/Dade County Miami 33137 Edgewater

2426 NE 2nd Ave, Miami, FL

This home is located at 2426 NE 2nd Ave, Miami, FL 33137 and is currently priced at $1,800,000, approximately $761 per square foot. 2426 NE 2nd Ave is a home located in Miami-Dade County with nearby schools including Phillis Wheatley Elementary School, Jose De Diego Middle School, and Booker T. Washington 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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