NOT LISTED FOR SALE

961 SW 7th St Miami, FL 33130

Riverside Neighborhood

Estimated Value: $1,020,000

64 Beds
60 Baths
1,412 Sq Ft
$722/Sq Ft Est. Value

Last Sold May 06, 2015

Last sale price $1,825,000 $1,292 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $6,578/month

112 Days on Market

Highlights

  • 0.69 Acre Lot
  • No HOA
  • Interior Lot

About This Home

As of May 2015

Casa Verano offers a mixture of style, comfort, and livability. This newly built apartment building is located in the heart of Little Havana neighborhood in Miami. Only a couple of blocks from Brickell and Coral Gables and within walking distance to Calle Ocho's and Brickell's restaurants and shops. With your own parking place, in-unit washer and dryer and convenient gym in the building you will have everything you need right within your reach. The professional leasing team will assist you in finding your perfect apartment. Choose from our available listings. We are a small community and our team members know each tenant by name, we are like family here. Start living the good life at Casa Verano!

Last Agent to Sell the Property

Mauricio Villasuso

Fausto Commercial Realty Consultants Inc License #3254982 Listed on: 10/28/2014

Co-Listed By

Carlos Fausto Miranda

Fausto Commercial Realty Consultants Inc License #3129999

Last Buyer's Agent

Mauricio Villasuso

Fausto Commercial Realty Consultants Inc License #3254982 Listed on: 10/28/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,340

Year Built

  • Built in 1940

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 200x150
  • Interior Lot
  • Additional Parcels

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Riverview Condos
  • Riverview Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-38-003-2050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,340

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Year Built: 1940
  • Ownership: Sole Proprietor
  • Property Sub Type: Income/MultiFamily
  • Directions: US HWY 41, SW 7 ST HEAD WEST, WILL BE ON RIGHT HAND SITE AFTER 8TH AV
  • Horses: No
  • Lot Size Acres: 0.69
  • Lot Size: 200x150
  • New Construction: No
  • Road Frontage Type: U.S. Highway
  • Subdivision Name: RIVERVIEW
  • Special Features: None

Interior Features

  • Possible Use: Investment, Central Urban, Urban Commercial

Exterior Features

  • Lot Features: Inside Lot, Urban Area Development, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RIVERVIEW

Utilities

  • Sewer: Other
  • Water Source: Other
  • Utilities: Other Utilities Available, Sewer Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-38-003-2050
  • Additional Parcels: Yes
  • Current Use: Unimproved Business/Commercial, Unimproved Multi Family (5+Units), Income (Recreational), Income (Other)
  • Lot Size Sq Ft: 30000
  • Zoning: 61/COMME
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2340

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2014
Closed on
May 6, 2015
Sold by
Riverview Properties Inc
Bought by
Urban Link Rentals Llc
Seller's Agent
Mauricio Villasuso
Fausto Commercial Realty Consultants Inc
Buyer's Agent
Mauricio Villasuso
Fausto Commercial Realty Consultants Inc
List Price
$2,000,000
Sold Price
$1,825,000
Premium/Discount to List
-$175,000
-8.75%
Current Estimated Value
$1,020,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$805,000
Original Mortgage
$875,000
Interest Rate
3.79%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 27, 1995
Sold by
Regueira Felix M and Regueira Marcia
Bought by
Felipe Sergio and Felipe Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,143
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
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
Urban Link Rentals Llc $912,500 None Available
Felipe Sergio $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Urban Link Rentals Llc $4,575,000
Closed Urban Link Rentals Llc $875,000
Previous Owner Felipe Sergio $121,143
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Price Changed $2,450 -2.0% $3 / Sq Ft
05/24/2024 05/24/24 Price Changed $2,500 +47.1% $3 / Sq Ft
05/23/2024 05/23/24 Price Changed $1,700 0.0% $2 / Sq Ft
05/23/2024 05/23/24 For Rent $1,700 -5.6% --
10/05/2023 10/05/23 Price Changed $1,800 +5.9% $2 / Sq Ft
09/11/2023 09/11/23 Price Changed $1,700 +30.8% $2 / Sq Ft
09/06/2023 09/06/23 Price Changed $1,300 -39.5% $1 / Sq Ft
09/01/2023 09/01/23 Price Changed $2,150 0.0% $2 / Sq Ft
09/01/2023 09/01/23 For Rent $2,150 -21.8% --
03/15/2023 03/15/23 For Rent $2,750 +3.8% --
03/14/2023 03/14/23 Price Changed $2,650 +3.9% $3 / Sq Ft
02/13/2023 02/13/23 Price Changed $2,550 +6.5% $3 / Sq Ft
02/12/2023 02/12/23 Price Changed $2,395 -4.0% $3 / Sq Ft
02/09/2023 02/09/23 Price Changed $2,495 -0.2% $3 / Sq Ft
02/09/2023 02/09/23 Price Changed $2,500 0.0% $3 / Sq Ft
05/06/2015 05/06/15 Sold $1,825,000 -8.8% $1,292 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
10/27/2014 10/27/14 For Sale $2,000,000 -- $1,416 / Sq Ft
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
2025 $173,860 $8,900,000 $3,000,000 $5,900,000
2024 $164,788 $8,613,990 -- --
2023 $164,788 $7,830,900 $0 $0
2022 $146,760 $7,119,000 $1,800,000 $5,319,000
2021 $145,849 $6,864,567 $1,800,000 $5,064,567
2020 $31,899 $1,800,000 $1,800,000 $0
2019 $30,884 $1,837,030 $1,800,000 $37,030
2018 $6,128 $321,063 $300,000 $21,063
2017 $5,619 $229,419 $0 $0
2016 $4,932 $208,563 $0 $0
2015 $3,327 $104,704 $0 $0
2014 $3,139 $95,186 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mauricio Villasuso

    Seller's Agent in 2015

    Mauricio Villasuso

    Fausto Commercial Realty Consultants Inc

    (305) 961-1179

    36 in this area

    86 Total Sales

    Mauricio Villasuso
    Section Image
  • Carlos Fausto Miranda

    Seller Co-Listing Agent in 2015

    Carlos Fausto Miranda

    Fausto Commercial Realty Consultants Inc

    (305) 586-1941

    14 in this area

    69 Total Sales

    Carlos Fausto Miranda
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2025542

MIAMI REALTORS® MLS

APN: 01-4138-003-2050

Florida Miami/Dade County Miami 33130 Riverside

961 SW 7th St, Miami, FL

This home is located at 961 SW 7th St, Miami, FL 33130 since 28 October 2014 and is currently priced at $1,020,000, approximately $722 per square foot. This property was built in 1940. 961 SW 7th St is a home located in Miami-Dade County with nearby schools including Riverside Elementary Community School, 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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