S
Seller's Agent in 2022
Sean Black
Luxe Properties
640 SW 8th Ave Miami, FL 33130
Riverside Neighborhood
0.06
Acre
$3,500,000
Price per Acre
2,540
Sq Ft Lot
About This Lot
As of October 20182,540 Sq. Ft. Multi-Family vacant land site within Little Havana. T5-L Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units however limited commercial applications are also allowed including a Bed & Breakfast which would double density to 8. This neighborhood is thriving thanks to it’s authentic and dynamic Carribean and Latin-American culture, cuisine, and the art galleries along the famous Calle Ocho. The nightlife is growing and attracts throngs of tourists year round. Nestled in the midst of Miami’s employment centers, the value here is apparent.
Last Agent to Sell the Property
Fausto Commercial Realty Consultants Inc License #3254982 Listed on: 08/01/2018
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,565
Lot Details
- 2,540 Sq Ft Lot
- Lot Dimensions are 38x67
- Corner Lot
- Irregular Lot
- Property is zoned T5-L
Location
- City Lot
Community Details
- No Home Owners Association
- Simpsons Addn Condos
- Simpsons Addn Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-41-38-007-0040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 10, 2021
Sold by
Elper Re Llc
Bought by
Unified Software Llc
Current Estimated Value
Purchase Details
Closed on
Jul 14, 2021
Sold by
Fuse Funding Fund I Llc
Bought by
Elper Re Llc
Purchase Details
Listed on
Aug 1, 2018
Closed on
Oct 31, 2018
Sold by
640 Sw 8Th Avenue Llc
Bought by
Sieteocho Llc
Seller's Agent
Mauricio Villasuso
Fausto Commercial Realty Consultants Inc
Buyer's Agent
Carlos Fausto Miranda
Fausto Commercial Realty Consultants Inc
List Price
$210,000
Sold Price
$210,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.50%
Purchase Details
Closed on
Dec 1, 2009
Sold by
Azcui Jose F and Azcui Caridad M
Bought by
640 Sw 8Th Avenue Llc
Purchase Details
Closed on
Mar 19, 1996
Sold by
Reed Henry and Reed Anne L
Bought by
Azcui Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.03%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $320,000 | Windmill Title Company | |
| Special Warranty Deed | $120,000 | Attorney | |
| Warranty Deed | $210,000 | Attorney | |
| Warranty Deed | $72,000 | Attorney | |
| Warranty Deed | $62,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $330,000 | Construction | |
| Previous Owner | $30,000 | Credit Line Revolving | |
| Previous Owner | $50,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2022 04/22/22 | Rented | $2,500 | -13.8% | -- |
| 03/15/2022 03/15/22 | For Rent | $2,900 | 0.0% | -- |
| 10/31/2018 10/31/18 | Sold | $210,000 | 0.0% | $312 / Sq Ft |
| 07/25/2018 07/25/18 | For Sale | $210,000 | -- | $312 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $6,537 | $322,776 | -- | -- |
| 2024 | $6,164 | $291,264 | -- | -- |
| 2023 | $6,164 | $264,786 | $0 | $0 |
| 2022 | $5,342 | $240,715 | $152,400 | $88,315 |
| 2021 | $3,695 | $156,032 | $152,400 | $3,632 |
| 2020 | $3,703 | $156,032 | $152,400 | $3,632 |
| 2019 | $3,711 | $156,032 | $152,400 | $3,632 |
| 2018 | $380 | $105,232 | $101,600 | $3,632 |
| 2017 | $1,565 | $37,868 | $0 | $0 |
| 2016 | $1,371 | $34,426 | $0 | $0 |
| 2015 | $1,349 | $31,297 | $0 | $0 |
| 2014 | $1,171 | $28,452 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2018
Mauricio Villasuso
Fausto Commercial Realty Consultants Inc
(305) 961-1179
36 in this area
86 Total Sales
-
Seller Co-Listing Agent in 2018
Carlos Fausto Miranda
Fausto Commercial Realty Consultants Inc
(305) 586-1941
14 in this area
69 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A10513816
APN: 01-4138-007-0040
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.
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.
Nearby Homes
- 677 SW 9th Ave Unit 303
- 777 SW 9th Ave Unit 519
- 901 SW 8th St
- 844 SW 8th Ave
- 900 SW 8th St Unit 1510
- 900 SW 8th St Unit 1208
- 938 SW 6th St Unit 8
- 939/955/965 SW 8th St
- 920 SW 8th Ct
- 918 SW 7th Ave Unit 3-2
- 512 SW 6th Ave
- 1020 SW 7th St Unit 9
- 621 SW 10th St
- 745 SW 3rd St
- 931 SW 11th St Unit H1
- 627 SW 11th Ave
- 850 SW 2nd St
- 75 SW 11th St
- 984 SW 10th St Unit 2
- 984 SW 10th St Unit 1