NOT LISTED FOR SALE

5811 N Miami Ave Miami, FL 33127

Little Haiti Neighborhood

Estimated Value: $748,226 - $1,066,000

6 Beds
3 Baths
2,264 Sq Ft
$378/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $3,100,000 $1,369 Per Sq Ft

Current estimated payment $5,441/month

97 Days on Market

Highlights

  • Guest House
  • 12,600 Sq Ft lot
  • Converted Garage
  • Cottage Room
  • No HOA
  • 5-minute walk to Lemon City Park

About This Home

As of September 2022

New Development opportunity on North Miami Ave. T5 Multifamily zone. A few blocks from Design District, next to the new Magic City Development. 4 Folios included! Villa Paula Historic residence with 13,000 SF lot, a land parcel attached of 6,000 SF, a house next to this parcel with a lot of 7,000 SF and a land on 58 ST of 6000 SF .
Villa Paula Historic Residence with the opportunity to build up to 18 units or more in adjacent land! Great location for a theme Restaurant at the Villa and a residential /Art Studios or offices development attached
Land on 58 St across from Villa Paula as well to be used as a parking or more residential units! Don’t miss this unique opportunity next to the design district and part of the New little Haiti developments Magic City!

Last Agent to Sell the Property

Daniel Delgado

Douglas Elliman License #3449825 Listed on: 11/16/2021

Douglas Elliman

Co-Listed By

Barbara Karen Elmir

One Sotheby's International Realty License #3192417

Last Buyer's Agent

Gil Terem

The Real Estate Lab, Inc. License #0690805

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,521

Year Built

  • Built in 1925

Lot Details

  • 0.29 Acre Lot
  • West Facing Home
  • Fenced
  • Property is zoned 5700

Home Design

  • Concrete Block With Brick
  • Flat Roof with Façade front

Interior Spaces

  • 2,264 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • Converted Garage
  • Guest Parking

Utilities

  • Central Air
  • No Heating

Additional Features

  • Cottage Room
  • Guest House

Community Details

  • No Home Owners Association
  • Biscayne Ave Tract Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-13-060-0050

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,521

Year Built

Built in 1925

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Co List Office Mls Id: OSIR07
  • Co List Office Phone: 305-779-2430
  • Directions: Corner of 59th St and N Miami Ave. Google Villa Paula Miami.
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: BISCAYNE AVE TRACT
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: First Floor Entry, Cottage, Garage Converted
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 2264
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Entry Level
  • Living Room Features: Cottage, Garage Converted, Guest House

Exterior Features

  • Roof: Flat Roof With Facade Front
  • View: None
  • Exterior Features: Fruit Trees
  • Construction Type: Concrete Block With Brick
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Other Structures: Guest House
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BISCAYNE AVE TRACT
  • Parking Features: Guest, Other

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-13-060-0050
  • Lot Size Sq Ft: 12600
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2021
Closed on
Sep 20, 2022
Sold by
5811 Investment Group Llc
Bought by
Garden Villas 58 Llc
Seller's Agent
Daniel Delgado
Douglas Elliman
Buyer's Agent
Gil Terem
The Real Estate Lab, Inc.
List Price
$3,500,000
Sold Price
$3,100,000
Premium/Discount to List
-$400,000
-11.43%
Current Estimated Value
$835,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,264,271
Avg. Annual Appreciation
-30.86%
Original Mortgage
$1,960,000
Outstanding Balance
$1,883,518
Interest Rate
6.02%
Estimated Equity
-$1,028,461

Purchase Details

Closed on
Apr 7, 2016
Sold by
Villa Paula Restoration Group Llc
Bought by
5811 Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
10%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garden Villas 58 Llc -- --
5811 Investment Group Llc $500,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garden Villas 58 Llc $1,960,000
Previous Owner 5811 Investment Group Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2022 09/20/22 Sold $3,100,000 -11.4% $1,369 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
11/16/2021 11/16/21 For Sale $3,500,000 -- $1,546 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $13,101 $674,327 -- --
2024 $13,907 $613,025 -- --
2023 $13,907 $557,296 $352,800 $204,496
2022 $9,545 $390,146 $0 $0
2021 $8,521 $354,679 $0 $0
2020 $7,836 $351,695 $201,482 $150,213
2019 $7,404 $350,029 $201,482 $148,547
2018 $6,360 $271,855 $169,406 $102,449
2017 $5,868 $241,101 $0 $0
2016 $3,506 $111,436 $0 $0
2015 $3,163 $101,306 $0 $0
2014 $2,849 $92,097 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Daniel Delgado

    Douglas Elliman

    (305) 332-3916

    1 in this area

    27 Total Sales

    Daniel Delgado
    Section Image
  • Barbara Karen Elmir

    Seller Co-Listing Agent in 2022

    Barbara Karen Elmir

    One Sotheby's International Realty

    (786) 301-2220

    1 in this area

    140 Total Sales

    Barbara Karen Elmir
    Section Image
  • Gil Terem

    Buyer's Agent in 2022

    Gil Terem

    The Real Estate Lab, Inc.

    (305) 507-8969

    6 in this area

    19 Total Sales

    Gil Terem
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11125626

MIAMI REALTORS® MLS

APN: 01-3113-060-0050

Florida Miami/Dade County Miami 33127 Little Haiti

5811 N Miami Ave, Miami, FL

Not Listed for Sale

Detached

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