NOT LISTED FOR SALE

420 NW 51st St Miami, FL 33127

Little Haiti Neighborhood

Estimated Value: $784,000 - $1,044,000

6 Beds
4 Baths
2,295 Sq Ft
$414/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $595,000 $259 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $6,030/month

459 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring
  • Fenced
  • 5-minute walk to North Bay Vista

About This Home

As of June 2021

Spectacular fairly new construction Duplex shy off of 2,300 sq. ft. LA sitting on a 7,200 sq. ft. lot in impeccable condition located in one of the most sought after areas minutes away from Miami Design District & Wynwood with unbeatable rental rates both annual & Airbnb! Brand new appliances, all around fence, granite countertops, spacious rooms, master bathroom, laundry room, incredible backyard/patio for both units with privacy, separate fence in place. Hurricane shutters included, separate meters, for the PERFECT INVESTOR looking for a great ROI or for a live-in Owner while renting out the other portion! LOCATION, LOCATION LOCATION, central to everything.

Last Agent to Sell the Property

Altagracia Nova

Nova International Group License #3313014 Listed on: 03/06/2020

Last Buyer's Agent

Andrea Arencibia-Moore

Compass Florida, LLC License #3348947

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,312

Year Built

  • Built in 2012

Lot Details

  • 7,187

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,295 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Additional Features

  • Fenced
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Railway Shops Addn 2Nd Am Condos
  • Railway Shops Addn 2Nd Am Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-24-013-4320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,312

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2012
  • Property Sub Type: Duplex
  • Architectural Style: Attached, Other
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: RAILWAY SHOPS ADDN 2ND AM
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2295
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RAILWAY SHOPS ADDN 2ND AM
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • 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: 01-31-24-013-4320
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7312

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
Jun 30, 2021
Sold by
Soto Holdings And Investments Inc
Bought by
Joaseus Stacy A
Seller's Agent
Altagracia Nova
Nova International Group
Buyer's Agent
Andrea Arencibia-Moore
Compass Florida, LLC
List Price
$625,000
Sold Price
$595,000
Premium/Discount to List
-$30,000
-4.8%
Current Estimated Value
$949,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,669
Avg. Annual Appreciation
11.29%
Original Mortgage
$524,266
Outstanding Balance
$475,690
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$473,979

Purchase Details

Closed on
Nov 16, 2016
Sold by
Soto Julio and Soto Maria
Bought by
Soto Holdings & Investments Inc

Purchase Details

Closed on
Mar 19, 2008
Sold by
Hofmann David
Bought by
Great Miami Developer Corp

Purchase Details

Closed on
May 10, 2007
Sold by
Knox Richard
Bought by
Hofmann David
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
Joaseus Stacy A $595,000 Ocean Title And Escrow Co
Joaseus Stacy A $595,000 Ocean Title
Soto Holdings & Investments Inc -- Attorney
Great Miami Developer Corp -- Attorney
Hofmann David $70,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joaseus Stacy A $524,266
Closed Joaseus Stacy A $524,266
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $595,000 -4.8% $259 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/11/2021 05/11/21 Price Changed $625,000 +5.0% $272 / Sq Ft
01/06/2021 01/06/21 Price Changed $595,000 -4.8% $259 / Sq Ft
12/02/2020 12/02/20 For Sale $625,000 +5.0% $272 / Sq Ft
11/30/2020 11/30/20 Off Market $595,000 -- --
11/13/2020 11/13/20 Price Changed $625,000 -5.3% $272 / Sq Ft
10/01/2020 10/01/20 Price Changed $659,900 -2.9% $288 / Sq Ft
08/27/2020 08/27/20 Price Changed $679,900 -2.9% $296 / Sq Ft
07/15/2020 07/15/20 For Sale $700,000 +17.6% $305 / Sq Ft
06/29/2020 06/29/20 Off Market $595,000 -- --
06/25/2020 06/25/20 For Sale $700,000 +17.6% $305 / Sq Ft
06/16/2020 06/16/20 Off Market $595,000 -- --
06/15/2020 06/15/20 For Sale $700,000 +17.6% $305 / Sq Ft
06/03/2020 06/03/20 Off Market $595,000 -- --
06/01/2020 06/01/20 For Sale $700,000 +17.6% $305 / Sq Ft
05/18/2020 05/18/20 Off Market $595,000 -- --
05/14/2020 05/14/20 For Sale $700,000 +17.6% $305 / Sq Ft
04/14/2020 04/14/20 Off Market $595,000 -- --
03/06/2020 03/06/20 For Sale $700,000 -- $305 / 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 $12,422 $755,172 $496,800 $258,372
2024 $11,220 $613,888 -- --
2023 $11,220 $575,799 $0 $0
2022 $10,280 $540,658 $273,476 $267,182
2021 $8,408 $395,741 $201,453 $194,288
2020 $8,075 $383,763 $187,362 $196,401
2019 $7,312 $342,556 $144,044 $198,512
2018 $6,673 $318,574 $117,949 $200,625
2017 $6,429 $303,464 $0 $0
2016 $4,264 $159,751 $0 $0
2015 $3,991 $145,229 $0 $0
2014 $3,348 $132,027 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Altagracia Nova

    Nova International Group

    Section Image

  • A

    Buyer's Agent in 2021

    Andrea Arencibia-Moore

    Compass Florida, LLC

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10829877

MIAMI REALTORS® MLS

APN: 01-3124-013-4320

Florida Miami/Dade County Miami 33127 Little Haiti

420 NW 51st St, Miami, FL

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