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1015 Palm Avenue

1015 Palm Avenue, Hialeah, FL 33010
Commercial in Hialeah Acres
Local assessors in Hialeah, FL have categorized 1015 Palm Avenue as a residential type of property. The home was built in 1947 and is 77 years old. It was most recently renovated and altered in 1955. The property's lot size has been calculated to be 13,500 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 1,350 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 17 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 17 full bathrooms. There are also 17 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1015 Palm Avenue has a total of 5,436 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of slate. Lots of concrete block were used in the construction of the exterior walls of the home. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1015 Palm Avenue sold most recently in Aug 23, 2021 for a total of $1,665,000. If you work out the math, that's approximately a cost of $306.29 per sqft. Before that, the property was also sold for $1,650,000 in Jun 13, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $29,846 in taxes each year. 1015 Palm Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,507,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210326
03/26/2021
Loft
-
-
$1,750,000
bedrooms
Loft
bathrooms
-
$1,665,000 -4.86%
09/02/2021
-
Felix Ramirez
Fausto Commercial Realty Consultants Inc

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 17
  • Bathroom Count: 17
  • Full Bathrooms: 17
  • Partial Bathrooms: 17
  • Building Quality: D
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Slate
  • Floor Count: 1
  • Living Units: 17
  • Business/Commerical Units Count: 17
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,350
  • Total Building Area: 5,436
  • Gross Building Area: 5,436
  • Building Area: 5,436
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,436
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 1ST ADD TO TOWN OF HIALEAH AMD
  • Land Acres: 0.31
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: 1ST ADD TO TOWN OF HIALEAH AMD PB 5-122 LOTS 23 & 24 BLK 48 LOT SIZE 135.000 X 100 OR 19516-1322 0201 1 COC 22763-2085 10 2004 1

Ownership

  • Current Owner : 1015 PALM LLC
  • Previous Owner : QUAD G HOLDINGS LLC
  • Owner Before Previous Owner: CUBANCOW LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: HIALEAH
  • Census Tract: 000807

Zoning

  • Zoning: 6400

Geography

  • Assessors Map Reference: 145
  • District: 04
  • Parcel: 04-3118-003-0890
  • Block: 48
  • Lot: 23,24
  • Meridian: SEC 18 TWN 53S RNG 41E
  • Municipality: HIALEAH
  • Latitude: 25.8311
  • Longitude: -80.2814

    Address

  • Full Address: 1015 Palm Ave
  • Address - House Number: 1015
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Hialeah
  • Carrier Code: C013
  • 4-Digit Zip Code: 4037
  • Zip Code: 33010

Valuation

    Tax

  • Total Area: 5,023
  • Tax Year: 2023
  • Tax Amount: $29,846
  • Tax Rate Code Area: 400

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 2,079,657
  • High Value: 2,991,097
  • Low Value: 1,168,216

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,165,000
  • First Open Lien Mortgage Lender: PROFESSIONAL BANK
  • First Open Lien Mortgage Recording Date: Sep 02, 2021
  • First Open Lien Mortgage Loan Amount: $2,165,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $1,513,800
  • Market Land Value: $528,525
  • Market Improvement Value: $985,275

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,507,000

    Sales

  • Current Sale Contract Date: Aug 23, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Transaction ID: 11855358349
  • Current Sale Price: $1,665,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0650991
  • Previous Sale Recording Date: Jun 26, 2019
  • Previous Sale Contract Date: Jun 13, 2019
  • Previous Sale Amount: $1,650,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROFESSIONAL BANK
  • First Mortgage Transaction Date: Sep 02, 2021
  • First Mortgage Loan Amount: $2,165,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: OCEAN BANK
  • Previous Mortgage Transaction Date: Jun 26, 2019
  • Previous Mortgage Loan Amount: $1,080,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Hialeah



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1015 Palm Avenue located in?
The 1015 Palm Avenue is a commercial located in the neighborhood of Hialeah Acres in Hialeah, Hialeah.
What is the average sales price for listings in 1015 Palm Avenue?
The average sales price for units in 1015 Palm Avenue is $1,750,000 currently.

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