NOT LISTED FOR SALE

97 NW 40th St Miami, FL 33127

Miami Design District Neighborhood

Estimated Value: $884,000 - $1,126,000

3 Beds
3 Baths
1,617 Sq Ft
$619/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $730,000 $451 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,024/month

62 Days on Market

Highlights

  • No HOA
  • Heating Available
  • 1-Story Property
  • Cooling Available

About This Home

As of August 2022

Exclusive opportunity to acquire a 5,600 SF development corner site (the property) with 58' feet of frontage along 40th St in the Design District neighborhood. This parcel Current Miami 21 Zoning (T3-L) The property can achieve residential, multifamily, duplex, townhomes. 2 Floors Max. Actually The main house has 2/2 1300 Sq. Ft plus a 317 Sq. Ft back Studio totaling 1617 Sq. Ft. Now is rented at $2,700.00 monthly until Feb 2023

Last Agent to Sell the Property

Norman Smith Becerra

Avanti Way Realty LLC License #3232119 Listed on: 06/03/2022

Avanti Way Realty LLC

Last Buyer's Agent

Kristina Perez

United Realty Group Inc License #3349142

United Realty Group Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,964

Year Built

  • Built in 1940

Lot Details

  • 5,619

Parking

  • 3 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 1,617 Sq Ft Home
  • 1-Story Property

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Community Details

  • No Home Owners Association
  • 2 Units
  • Princess Park Condos
  • Princess Park Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 01-31-24-021-0330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,964

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: PRINCESS PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Other
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Other Windows

Exterior Features

  • Roof: Other
  • Construction Type: Other
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PRINCESS PARK
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer, Other, Septic Tank
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-24-021-0330
  • Zoning: 0104
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6964

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2025
Sold by
40Th St Design Llc
Bought by
Franco Abraham
Current Estimated Value
$1,001,000

Purchase Details

Listed on
Jun 3, 2022
Closed on
Aug 18, 2022
Sold by
Foreclosure Assets Managements Llc
Bought by
40Th St Design Llc
Seller's Agent
Norman Smith Becerra
Avanti Way Realty LLC
Buyer's Agent
Kristina Perez
United Realty Group Inc
List Price
$780,000
Sold Price
$730,000
Premium/Discount to List
-$50,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%

Purchase Details

Listed on
Jan 16, 2015
Closed on
Feb 11, 2015
Sold by
Apex Ps Llc
Bought by
Foreclosure Assets Managements Llc
Seller's Agent
Samuel Soriero
MMLS Assoc.-Inactive Member
Buyer's Agent
Norman Smith Becerra
Avanti Way Realty LLC
List Price
$315,000
Sold Price
$295,000
Premium/Discount to List
-$20,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.80%

Purchase Details

Closed on
Dec 16, 2014
Sold by
Yebaile Jorge Rachid
Bought by
Apex Ps Llc

Purchase Details

Closed on
Jul 15, 2004
Sold by
Yebaile Jorge Rachid
Bought by
Yebaile Jorge Rachid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,800
Interest Rate
7.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2003
Sold by
Zayas Abraham
Bought by
Yebaile Jorge Rachid

Purchase Details

Closed on
Sep 13, 2002
Sold by
Miriam O Santos I
Bought by
Zayas Abraham

Purchase Details

Closed on
Feb 13, 1997
Sold by
Leoncio and Granda Olga Cueto
Bought by
Santos Miriam O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.7%
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
Franco Abraham -- None Listed On Document
Franco Abraham -- None Listed On Document
40Th St Design Llc $730,000 Breger De Biase Pllc
Foreclosure Assets Managements Llc $295,000 Attorney
Apex Ps Llc $130,100 None Available
Yebaile Jorge Rachid -- --
Yebaile Jorge Rachid -- --
Zayas Abraham $120,000 --
Santos Miriam O $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yebaile Jorge Rachid $152,800
Previous Owner Santos Miriam O $54,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2022 08/24/22 Sold $730,000 -6.4% $451 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $780,000 +6.8% $482 / Sq Ft
06/10/2022 06/10/22 Off Market $730,000 -- --
06/03/2022 06/03/22 For Sale $780,000 +164.4% $482 / Sq Ft
02/17/2015 02/17/15 Sold $295,000 -6.3% $187 / Sq Ft View Prior Sale
02/17/2015 02/17/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $315,000 -- $200 / 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 $9,110 $419,100 -- --
2024 $10,957 $390,999 -- --
2023 $10,957 $477,557 $355,454 $122,103
2022 $8,126 $316,583 $0 $0
2021 $7,255 $287,803 $190,371 $97,432
2020 $6,876 $276,576 $178,443 $98,133
2019 $6,295 $241,512 $142,678 $98,834
2018 $5,854 $226,925 $127,391 $99,534
2017 $5,457 $203,786 $0 $0
2016 $5,208 $186,370 $0 $0
2015 $3,638 $112,366 $0 $0
2014 $3,534 $105,572 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Norman Smith Becerra

    Seller's Agent in 2022

    Norman Smith Becerra

    Avanti Way Realty LLC

    (305) 343-1701

    1 in this area

    54 Total Sales

    Norman Smith Becerra
    Section Image

  • K

    Buyer's Agent in 2022

    Kristina Perez

    United Realty Group Inc

    (954) 450-2000

    2 in this area

    11 Total Sales

    Kristina Perez
    Section Image

  • S

    Seller's Agent in 2015

    Samuel Soriero

    MMLS Assoc.-Inactive Member

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11216983

MIAMI REALTORS® MLS

APN: 01-3124-021-0330

Florida Miami/Dade County Miami 33127 Miami Design District

97 NW 40th St, Miami, FL

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