NOT LISTED FOR SALE

875 W Flagler St Miami, FL 33130

Riverside Neighborhood

Estimated Value: $1,547,586

0.2 Acres
$7,737,930 Price per Acre
9,000 Sq Ft Lot

Sale Details

Date Sold: November 23, 2016

Last sale price $775,000 $86 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $10,271 / mo

190 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 3-minute walk to Ernesto Lecuona Park

About This Lot

As of November 2016

Excellent Investor/Developer opportunity on a 0.20 Acre high demand, Fronting Flagler Street Redevelopment area, commercial mixed use zoning, and vibrant Little Havana neighborhood known for its culturally-rich, colorful lifestyle, authentic cuisine and night life. Quick access to Downtown, 4 blocks from Miami River, Marlin Stadium, Miami International Airport, Commercial District via major highways. Established environmental friendly Auto Repair & Muffler shop for over 30 years. Owner is VERY motivated.

Last Agent to Sell the Property

Nilesh Lakhlani

GeoTech Realty, Inc License #3310251 Listed on: 03/17/2016

Last Buyer's Agent

Nirit Welkovitz

Nirit Realty, Inc. License #0384337

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,240

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 65x138
  • Corner Lot
  • Property is zoned C-1

Additional Features

  • City Lot
  • Underground Utilities

Community Details

  • No Home Owners Association
  • Riverview Condos
  • Riverview Subdivision

Listing and Financial Details

  • Tax Lot 11 & 12
  • Assessor Parcel Number 01-41-38-003-3160

Property Details

Property Type

Land

Est. Annual Taxes

$9,240

Lot Details

9,000 Sq Ft Lot

Listing Details

  • Property Type: Commercial Land
  • Ownership: Sole Proprietor
  • Property Sub Type: Commercial
  • Directions: Use a reliable GPS system and you are sure to get there...
  • Horses: No
  • Lot Size Acres: 0.2
  • Lot Size: 65x138
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Road Surface Type: Paved
  • Structure Type: Commercial
  • Subdivision Name: Riverview
  • Special Features: None

Interior Features

  • Possible Use: Investment, Central Urban, Suburban, Urban Commercial

Exterior Features

  • Lot Features: City Location, Corner Location, Corner Lot, Sand, Less Than 1 Acre, Regular Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Riverview

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-38-003-3160
  • Current Use: Other Usage, Other Style
  • Lot Size Sq Ft: 9000
  • Zoning: C-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 9240
  • Tax Lot: 11 & 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2016
Closed on
Nov 23, 2016
Sold by
Bought by
Seller's Agent
Nilesh Lakhlani
GeoTech Realty, Inc
Buyer's Agent
Nirit Welkovitz
Nirit Realty, Inc.
List Price
$895,000
Sold Price
$775,000
Premium/Discount to List
-$120,000
-13.41%
Current Estimated Value
$1,547,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$772,586
Avg. Annual Appreciation
7.49%

Purchase Details

Closed on
Oct 22, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.76%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$775,000 Attorney
$100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $70,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/23/2016 11/23/16 Sold $775,000 -13.4% $86 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $895,000 -- $99 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,948 $1,090,037 -- --
2024 $25,205 $990,943 -- --
2023 $25,205 $900,858 $0 $0
2022 $17,477 $818,962 $0 $0
2021 $16,971 $794,470 $0 $0
2020 $15,670 $762,511 $675,000 $87,511
2019 $14,360 $704,699 $630,000 $74,699
2018 $13,046 $677,636 $585,000 $92,636
2017 $11,495 $542,636 $0 $0
2016 $9,743 $446,389 $0 $0
2015 $9,240 $415,545 $0 $0
2014 $9,395 $414,264 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nilesh Lakhlani

    Seller's Agent in 2016

    Nilesh Lakhlani

    GeoTech Realty, Inc

    (954) 597-9100

    3 Total Sales

    Nilesh Lakhlani
    Section Image
  • Nirit Welkovitz

    Buyer's Agent in 2016

    Nirit Welkovitz

    Nirit Realty, Inc.

    (305) 582-1735

    20 Total Sales

    Nirit Welkovitz
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10052021

MIAMI REALTORS® MLS

APN: 01-4138-003-3160

Florida Miami/Dade County Miami 33128 Riverside

875 W Flagler St, Miami, FL

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