NOT LISTED FOR SALE
Studio
-- Bath
4,267 Sq Ft
0.39 Acres

Last Sold November 22, 2023

Last sale price $3,975,000 $932 Per Sq Ft

119 Days on Market

About This Home

As of November 2023

The Subject Property consists of 2 contiguous lots, located at NW corner of NW 7 St and 36 Ave currently used as an auto repair shop.
The current T680 Zoning and property size, allows up to 76 multifamily units by rights. The unique location and configuration of the site renders it to be very efficient for multifamily development as all adjacent properties have the same T 6 8 O zoning.
The clear channel billboard generates $3,000 per month.

Last Agent to Sell the Property

Julio Diaz

Shelton and Stewart REALTORS License #0391305 Listed on: 10/19/2022

Shelton and Stewart REALTORS

Last Buyer's Agent

Julio Diaz

Shelton and Stewart REALTORS License #0391305 Listed on: 10/19/2022

Shelton and Stewart REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,923

Year Built

  • Built in 1947

Lot Details

  • 0.39 Acre Lot

Parking

  • 16 Parking Spaces

Home Design

  • 4,267 Sq Ft Home

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01-31-33-011-0310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,923

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1947
  • Property Sub Type: Multi Family
  • Business Type: Automotive
  • Directions: The property is located one block from Central Shopping Plaza/NW 37 Ave and 7 St, one block from Magic City Casino.
  • Horses: No
  • Inclusions: Building & Land
  • New Construction: No
  • Structure Type: Multi Family
  • ResoPropertyType: CommercialSale
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 16

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-33-011-0310
  • Current Use: Retail
  • Lot Size Sq Ft: 17008
  • Zoning: 6100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 20923

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2023
Sold by
Mengar At 3635 Llc
Bought by
377 Llc

Purchase Details

Listed on
Sep 30, 2016
Closed on
May 21, 2017
Sold by
Perez Armando and Perez Ana
Bought by
Menger At 3635 Llc
Seller's Agent
Frank Hernandez
Nova Realty Group, Inc.
Buyer's Agent
Frank Hernandez
Nova Realty Group, Inc.
List Price
$2,790,000
Sold Price
$2,125,000
Premium/Discount to List
-$665,000
-23.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,062,500
Interest Rate
3.97%
Mortgage Type
Construction
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
377 Llc $3,975,000 None Listed On Document
377 Llc $3,975,000 None Listed On Document
Menger At 3635 Llc $2,125,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Menger At 3635 Llc $1,062,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2023 11/22/23 Sold $3,975,000 -6.5% $932 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
11/07/2022 11/07/22 Price Changed $4,250,000 -14.9% $996 / Sq Ft
10/19/2022 10/19/22 For Sale $4,995,000 +135.1% $1,171 / Sq Ft
05/31/2017 05/31/17 Sold $2,125,000 -23.8% -- View Prior Sale
03/20/2017 03/20/17 Pending -- -- --
09/30/2016 09/30/16 For Sale $2,790,000 -- --
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 $37,131 $1,851,987 $1,700,800 $151,187
2024 $25,888 $1,853,471 $1,700,800 $152,671
2023 $25,888 $1,098,369 $0 $0
2022 $20,585 $998,518 $850,400 $148,118
2021 $20,923 $984,762 $850,400 $134,362
2020 $21,001 $986,064 $850,400 $135,664
2019 $20,967 $982,229 $850,400 $131,829
2018 $20,600 $983,499 $850,400 $133,099
2017 $18,151 $835,695 $0 $0
2016 $17,577 $759,723 $0 $0
2015 $15,935 $690,658 $0 $0
2014 $14,239 $627,871 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11290718

MIAMI REALTORS® MLS

APN: 01-3133-011-0310