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$341,526Estimated home value

Beds
2
Baths
1.0
sq ft
992

6848 N Miami Ave, Miami, FL 33150

6848 N Miami Ave

Miami, FL 33150

  • Sold On 5/17/2023
    • Price drop $19,500↓
Flip and fix opportunity located at up-and-coming area between Little River and Little Haiti. The property is only blocks away from the Magic City Innovation District, a multibillion-dollar project expected to bring cutting-edge living, commercial space housing global businesses, world-class cultural amenities, to the already thriving neighborhood of Little Haiti. Less than a mile to I-95, Wynwood, Miami Design-District, and Magic City. Property has clean title. This home has the potential to become a profitable investment.

Details

Property type

Single Family Residence

Est. home value

$341,526

Lot size

4,185 sq ft

Price per sq ft

$333

Year built

1944

Annual property taxes

$3,364

Price History

11/16/2024
SEF

SEF #A11653126

Removed
$695,000
09/04/2024
SEF

SEF #A11653126

Listed
$695,000
+120.63%
05/11/2023
SEF

SEF #A11350871

Sold
$315,000
+231.58%

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

Rbi Mortgages Llc

Loan start date

May 2023

Original loan amount

$380,320

Est. remaining balance

Not provided

Interest rate

6.42%

Loan type

Commercial, 1 year

Seller

Strata Rei Group Llc

Lender

Rbi Mortgages Llc

Loan start date

May 2023

Original loan amount

$380,320

Est. remaining balance

Not provided

Interest rate

6.42%

Loan type

Commercial, 1 year

Seller

Strata Rei Group 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?

Status: Off Market

Tomo last checked: 11/22/2024 at 6:25 AM

Listing updated: 08/08/2023 at 7:30 PM

Listed by: Maria Quevedo, Coldwell Banker Realty Phone #: (305) 672-6300

MLS: SEF #A11350871

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