NOT LISTED FOR SALE

3701 NW 3rd Ave Miami, FL 33127

Miami Design District Neighborhood

Estimated Value: $1,044,000 - $1,244,488

2 Beds
1 Bath
900 Sq Ft
$1,271/Sq Ft Est. Value

Last Sold August 21, 2015

Last sale price $425,000 $472 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $7,292/month

52 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Fenced

About This Home

As of August 2015

5,000 sq ft of land zoned T-5O located in the City of Miami adjacent to I-195. Folio #: 01-3124-002-1500 / Dimensions: 50 ft x 100 ft / Lot Coverage: 80% max / Density: 7 Units Max / Building height: 5 stories max / Permitted uses by right: multifamily, h otel, office, entertainment, food service/restaurant, general commercial, recreational, religious, learning center, pre-school, and research / Permitted uses by warrant: auto & marine-related, open-air retail, civic, childcare, and school.

Last Agent to Sell the Property

N. Robert Hernandez

RE/MAX United Realty License #3022135 Listed on: 05/05/2015

RE/MAX United Realty

Last Buyer's Agent

N. Robert Hernandez

RE/MAX United Realty License #3022135 Listed on: 05/05/2015

RE/MAX United Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,455

Year Built

  • Built in 1951

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 100x50
  • Dirt Road
  • Fenced
  • Corner Lot

Location

  • City Lot

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-31-24-002-1500

Community Details

Overview

  • No Home Owners Association
  • Bay Vista Park Condos
  • Bay Vista Park Subdivision

Building Details

  • New Taxes Expense $3,456

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,455

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Year Built: 1951
  • Ownership: Sole Proprietor
  • Property Sub Type: Income/MultiFamily
  • Directions: LOCATED AT THE NORTHEAST CORNER OF NW 3RD AVENUE AND 37TH STREET.
  • Horses: No
  • Lot Size Acres: 0.11
  • Lot Size: 100x50
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Subdivision Name: BAY VISTA PARK
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Investment, Professional

Exterior Features

  • Fencing: Fenced
  • Lot Features: City Location, Corner Lot, Urban Area Development, Dirt, Less Than 1 Acre, Home
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BAY VISTA PARK

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Green Building Features: Clearing Required, Sidewalk
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-24-002-1500
  • Additional Parcels: No
  • Current Use: Unimproved Business/Commercial, Unimproved Hotel/Motel, Unimproved Multi Family (5+Units), Income (Other)
  • Lot Size Sq Ft: 5000
  • Zoning: T5-O
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • New Taxes Expense: 3456
  • Tax Annual Amount: 3455

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2018
Sold by
State Of Florida
Bought by
3701 Property Llc
Current Estimated Value
$1,144,244

Purchase Details

Closed on
Jul 15, 2016
Sold by
3701 Nw 3Rd Llc
Bought by
3701 Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 5, 2015
Closed on
Aug 21, 2015
Sold by
Rose Jeffrey Alan
Bought by
3701 Nw 3Rd Llc
Seller's Agent
N. Robert Hernandez
RE/MAX United Realty
Buyer's Agent
N. Robert Hernandez
RE/MAX United Realty
List Price
$463,000
Sold Price
$425,000
Premium/Discount to List
-$38,000
-8.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%

Purchase Details

Closed on
Jun 24, 2010
Sold by
Burke Joseph
Bought by
Rose Jeffrey Alan
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
3701 Property Llc $96,000 Attorney
3701 Property Llc $600,000 Attorney
3701 Nw 3Rd Llc $425,000 Attorney
Rose Jeffrey Alan $230,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 3701 Property Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2015 08/21/15 Sold $425,000 -8.2% $472 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $463,000 -- $514 / 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 $15,634 $780,388 $780,160 $228
2024 $15,572 $780,388 $780,160 $228
2023 $15,572 $746,490 $0 $0
2022 $14,775 $686,791 $0 $0
2021 $14,927 $664,232 $0 $0
2020 $14,128 $828,286 $780,160 $48,126
2019 $16,280 $794,366 $746,240 $48,126
2018 $16,491 $794,366 $746,240 $48,126
2017 $13,051 $598,130 $0 $0
2016 $7,978 $348,134 $0 $0
2015 $4,745 $149,177 $0 $0
2014 $3,456 $135,616 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2111877

MIAMI REALTORS® MLS

APN: 01-3124-002-1500

Florida Miami/Dade County Miami 33127 Miami Design District

3701 NW 3rd Ave, Miami, FL

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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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