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$645,000

Beds
3
Baths
2.0
sq ft
1,178

5510 NW 1st Ave, Miami, FL 33127

5510 NW 1st Ave

Miami, FL 33127

  • 33 days on market
    • Price drop $50,000↓
Developers and investors opportunity. This property is zoned T4-R which allows to build 8 family building. The property is located on an opportunity zone minutes away from the Magic City development, wynwood, design district and Mimo. The house is rented and the lease expires on February 2024. The tenants will vacate the property at the end of the lease. The house is sold as is.

Details

Property type

Single Family Residence

Est. home value

$533,319

Lot size

7,650 sq ft

Price per sq ft

$548

Year built

1948

Annual property taxes

$7,793

Price History

10/28/2024
Beaches

Beaches #F10465082

Price change
$645,000
-7.19%
10/04/2024
Beaches

Beaches #F10465082

Listed
$695,000
+195.74%
02/28/2019
SEF

SEF #A10341860

Sold
$235,000

Schools & Community

Neighborhood: 

Little Haiti

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Recovo Mortgage Management Llc

Loan start date

October 2019

Original loan amount

$187,200

Est. remaining balance

Not provided

Interest rate

6.26%

Loan type

New Conventional, 30 year

Seller

Tazicano Llc

Lender

Recovo Mortgage Management Llc

Loan start date

October 2019

Original loan amount

$187,200

Est. remaining balance

Not provided

Interest rate

6.26%

Loan type

New Conventional, 30 year

Seller

Tazicano 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: 11/06/2024 at 1:00 AM

Listing updated: 10/28/2024 at 12:00 PM

Listed by: Cliff Glansen, FlatFee.com Phone #: (954) 965-3990

MLS: Beaches #F10465082

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