NOT LISTED FOR SALE

631 NW 5th Ave Miami, FL 33136

Overtown Neighborhood

Estimated Value: $1,032,000

0.07 Acre
$14,742,857 Price per Acre
3,000 Sq Ft Lot

Last Sold January 22, 2020

Last sale price $244,444

Est. 322% increase in value since last sale

Current estimated payment $5,994/month

43 Days on Market

About This Lot

As of January 2020

GREAT OPPORTUNITY FOR DEVELOPERS/INVESTORS! This 3,000sqft vacant lot is one of three adjacent parcels (same owner) available for sale totaling 13,500sqft (645/635/631 NW 5th Avenue). Owner willing to sell individual parcel. Centrally located in the heart of Miami's historic Overtown community & situated just blocks from the Miami River, I-95, Miami World Center, Reeves Park, Lummus Park, Downtown Soccer facility, Miami-Dade Metrorail & bus stations, and centered between American Airlines Arena & the Miami Marlins Park. Potential owner financing available.

Last Agent to Sell the Property

Lauren Lavina

EXP Realty LLC License #3271475 Listed on: 09/26/2019

EXP Realty LLC

Last Buyer's Agent

Arthur Bartholomew

Walnut Street Realty Co License #3244033

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,028

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 30x100
  • Dirt Road
  • Landscaped with Trees
  • Property is zoned 6101

Additional Features

  • City Lot
  • Phone Available

Community Details

  • No Home Owners Association
  • Miami North Condos
  • Miami North Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-01-05-030-1070

Property Details

Property Type

Land

Est. Annual Taxes

$1,028

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Ownership: Sole Proprietor
  • Horses: No
  • Lot Size Acres: 0.07
  • Lot Size: 30x100
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Structure Type: Other
  • Subdivision Name: MIAMI NORTH
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Unknown/Withheld, None

Exterior Features

  • Lot Features: Central Business District, City Location, Dirt, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MIAMI NORTH

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Green Building Features: Automobile Traffic, Build To Suit, Pedestrian Traffic, Sidewalk
  • Utilities: No Utilities, Electricity Available, Phone Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-01-05-030-1070
  • Current Use: Other Usage, Other Style
  • Lot Size Sq Ft: 3000
  • Zoning: 6101
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2019
Closed on
Jan 17, 2020
Sold by
Garber Marlene M
Bought by
7Th And 5Th Llc
Seller's Agent
Lauren Lavina
EXP Realty LLC
Buyer's Agent
Arthur Bartholomew
Walnut Street Realty Co
List Price
$315,000
Sold Price
$244,444
Premium/Discount to List
-$70,556
-22.4%
Current Estimated Value
$1,032,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$787,556
Original Mortgage
$800,000
Interest Rate
3.74%
Mortgage Type
Commercial
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
7Th And 5Th Llc $1,100,000 Highpoint Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 7Th And 5Th Llc $1,200,000
Closed 7Th And 5Th Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2020 01/22/20 Sold $244,444 -22.4% --
11/08/2019 11/08/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $315,000 -- --
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
2024 $3,336 $145,200 -- --
2023 $3,336 $132,000 $0 $0
2022 $2,474 $120,000 $120,000 $0
2021 $2,550 $120,000 $120,000 $0
2020 $1,395 $90,000 $90,000 $0
2019 $1,115 $60,000 $60,000 $0
2018 $1,028 $60,000 $60,000 $0
2017 $986 $39,930 $0 $0
2016 $966 $36,300 $0 $0
2015 $939 $33,000 $0 $0
2014 $680 $30,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lauren Lavina

    Seller's Agent in 2020

    Lauren Lavina

    EXP Realty LLC

    (786) 586-5946

    27 Total Sales

    Lauren Lavina
    Section Image

  • A

    Buyer's Agent in 2020

    Arthur Bartholomew

    Walnut Street Realty Co

    (305) 434-5235

    2 Total Sales

    Arthur Bartholomew
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10744006

MIAMI REALTORS® MLS

APN: 01-0105-030-1070

Florida Miami/Dade County Miami 33136 Overtown

631 NW 5th Ave, Miami, FL

This home is located at 631 NW 5th Ave, Miami, FL 33136 since 26 September 2019 and is currently priced at $1,032,000. 631 NW 5th Ave is a home located in Miami-Dade County with nearby schools including Frederick R. Douglass Elementary, Jose De Diego Middle School, and Booker T. Washington Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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