tomo logo

$399,000

Beds
2
Baths
1.0
sq ft
1,112

296 NW 59th St, Miami, FL 33127

296 NW 59th St

Miami, FL 33127

  • 56 days on market
    • Price drop $26,000↓
Bring your builder! Corner lot zoned for multi-family with APPROVED demo and building permits. Take advantage of this opportunity to start building immediately after closing. $75,000 invested towards approved plans and paid permit fees accompany the sale. Buyer receives MDC approved plans for a 3 bedroom / 3 bathroom with a pool & outdoor kitchen. Planned new build was designed to maximize Airbnb rental returns. Located in culturally vibrant Little Haiti and just 5 mins to the Design District and 15 mins to Wynwood. Nestled in the heart of Miami, Little Haiti stands as a cultural gem. This vibrant neighborhood, often referred to as the cultural soul of Miami, has evolved tremendously with several new construction projects on this block. Great investment opportunity, don't miss out!

Details

Property type

Single Family Residence

Est. home value

$434,087

Property condition

Fixer

Lot size

5,100 sq ft

Price per sq ft

$359

Year built

1935

Annual property taxes

$5,769

Price History

01/16/2025
SEF

SEF #A11702294

Listed
$399,000
01/14/2025
SEF

SEF #A11702294

Pending
$399,000
01/07/2025
SEF

SEF #A11702294

Price change
$399,000
-6.12%

Schools & Community

Neighborhood: 

Little Haiti

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Oaktree Funding Corp

Loan start date

October 2021

Original loan amount

$301,750

Est. remaining balance

$280,102

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Ck Holdings Miami Llc

Lender

Oaktree Funding Corp

Loan start date

October 2021

Original loan amount

$301,750

Est. remaining balance

$280,102

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Ck Holdings Miami Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/27/2025 at 9:00 PM

Listing updated: 01/16/2025 at 12:55 PM

Listed by: Wendy Cohen, One Sotheby's International Realty Phone #: (305) 865-9811

MLS: SEF #A11702294

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