NOT LISTED FOR SALE

5966 S Dixie Hwy South Miami, FL 33143

Estimated Value: $33,911,280

-- Bed
-- Bath
130,920 Sq Ft
$259/Sq Ft Est. Value

About This Home

This home is located at 5966 S Dixie Hwy, South Miami, FL 33143 and is currently estimated at $33,911,280, approximately $259 per square foot. 5966 S Dixie Hwy is a home located in Miami-Dade County with nearby schools including Ludlam Elementary School, South Miami Middle School, and South Miami Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2019
Sold by
Somi Center Llc
Bought by
Somi Center Mob Llc
Current Estimated Value
$33,911,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000,000
Outstanding Balance
$22,896,045
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$11,015,235

Purchase Details

Closed on
Jun 20, 2013
Sold by
64 Development Corp
Bought by
Somi Center Llc

Purchase Details

Closed on
Jun 5, 2013
Sold by
Somi Center Llc
Bought by
Somi Center Llc

Purchase Details

Closed on
Nov 17, 2006
Sold by
Jrd At South Miami Llc
Bought by
64 Development Corp

Purchase Details

Closed on
Mar 29, 2006
Sold by
South Miami Wellness Center Llc
Bought by
Jrd At South Miami Llc

Purchase Details

Closed on
May 7, 2003
Sold by
Rum Bum Distributors Inc
Bought by
South Miami Wellness Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 1994
Sold by
Johnson Alden C and Kirby Patricia N
Bought by
Matrix Paws Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
9.23%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Somi Center Mob Llc $18,550,001 Attorney
Somi Center Llc $1,100 None Available
Somi Center Llc -- --
64 Development Corp $5,400,000 Attorney
Jrd At South Miami Llc $5,000,000 Four Points Title Company
South Miami Wellness Center Llc $3,000,000 --
Matrix Paws Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somi Center Mob Llc $26,000,000
Previous Owner South Miami Wellness Center Llc $2,100,000
Previous Owner Matrix Paws Inc $900,000
Source: Public Records

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 $306,527 $16,700,000 $6,834,656 $9,865,344
2024 $314,752 $16,094,772 $6,834,656 $9,260,116
2023 $314,752 $16,170,000 $0 $0
2022 $282,165 $14,700,000 $3,341,388 $11,358,612
2021 $291,897 $14,487,227 $0 $0
2020 $305,330 $15,200,000 $3,341,388 $11,858,612
2019 $237,258 $11,900,000 $3,341,388 $8,558,612
2018 $247,553 $13,779,166 $3,341,388 $10,437,778
2017 $208,406 $8,669,649 $0 $0
2016 $221,915 $10,951,304 $0 $0
2015 $21,830 $1,058,200 $0 $0
2014 $22,317 $1,058,200 $0 $0
Source: Public Records

Map

Florida Miami/Dade County South Miami 33143

5966 S Dixie Hwy, South Miami, FL

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