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$950,000

Beds
4
Baths
2.0
sq ft
3,262

751 NE 70th St, Miami, FL 33138

751 NE 70th St

Miami, FL 33138

  • 78 days on market
    • Price drop $49,000↓
ATTENTION INVESTORS (or any buyer looking to customize their dream home in the bay).This is a great opportunity for a flip or for homeowner to renovate and have tons of equity. Located in the historic Bayside District of Miami. A short walk from the intracoastal waterway. Built in the 1930s, with additions made in the 1950s - over 3000 sq ft under air, built on solid bones. This home will need a full rehab. With over 3000 sq ft to play with, the possibilities are endless for how this can be transformed. Based on comparable sales in the area, the after repair value is around $1.2 to $1.3m. This property could also be designed as multiple units to be a highly profitable AirBnB .

Details

Property type

Single Family Residence

Est. home value

$1,506,407

Lot size

5,400 sq ft

Price per sq ft

$292

Year built

1937

Annual property taxes

$14,806

HOA

Yes

Price History

09/27/2024
SEF

SEF #A11632190

Price change
$950,000
-4.9%
09/26/2024
SEF

SEF #A11632190

Listed
$999,000
08/31/2024
SEF

SEF #A11632190

Removed
$999,000

Schools & Community

Neighborhood: 

Upper Eastside

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

Bayport Funding Llc

Loan start date

October 2021

Original loan amount

$859,000

Est. remaining balance

Not provided

Interest rate

2.86%

Loan type

Building or Construction Loan, 1 year

Seller

Mt Miami Llc

Lender

Bayport Funding Llc

Loan start date

October 2021

Original loan amount

$859,000

Est. remaining balance

Not provided

Interest rate

2.86%

Loan type

Building or Construction Loan, 1 year

Seller

Mt 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?

Status: Active

Tomo last checked: 10/01/2024 at 9:20 AM

Listing updated: 09/30/2024 at 4:09 PM

Listed by: Ana Goulart De Andrade, Xcellence Realty Phone #: (866) 595-6025

MLS: SEF #A11632190

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