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1120 Southwest 3rd Avenue

1120 Southwest 3rd Avenue, Miami, FL 33130
Commercial in Downtown Miami
1120 Southwest 3rd Avenue has been categorized by the local assessors in Miami, FL as a residential type of property. The building on the property was first built in 1961 and is 63 years old. However, we must point out that the home was most recently renovated and altered in 2006. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1120 Southwest 3rd Avenue has 1,389 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 4,750 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete block control joints. The building has a rigid frame bar style roof. The exterior walls of the building are made of stucco. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1120 Southwest 3rd Avenue was last sold in Dec 11, 2023 for $2,833,400. According to our calculations, that's $1,928.80 per sqft. Prior to that sales transaction, the property was sold for $900,000 in May 6, 2020. Current property owners are expected to pay $38,831 in taxes per year. The property on 1120 Southwest 3rd Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,704,347. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220201
02/01/2022
Loft
-
-
$9,600,000
bedrooms
Loft
bathrooms
-
-
-
-
Ashley Alvarez
Sterling One Realty, Inc.
20190724
07/24/2019
Studio
-
-
$1,700,000
bedrooms
Studio
bathrooms
-
$900,000 -47.06%
05/08/2020
-
Jason Kapit
Keller Williams Realty CS

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Rigid frame bar
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,750
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,469
  • Gross Building Area: 1,469
  • Building Area: 1,389
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,389
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MIAMI HGTS A SUB
  • Land Acres: 0.109
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MIAMI HGTS A SUB PB 5-29 LOT 22 BLK 83 LOT SIZE 50.000 X 100 OR 15847-0070/74 0393 4

Ownership

  • Current Owner : VISIONS AT BRICKELL STATION LLC
  • Previous Owner : ULTIMATE PROPERTY HOLDINGS LLC
  • Previous Owner 2: 54 INVESTMENTS LLC
  • Owner Before Previous Owner: ALVAREZ MIKE
  • Owner Before Previous Owner 2: ALVAREZ SANDRA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 006604

Zoning

  • Zoning: 6402

Geography

  • District: 01
  • Parcel: 01-4138-051-0140
  • Block: 83
  • Lot: 22
  • Meridian: SEC 38 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7629
  • Longitude: -80.1992

    Address

  • Full Address: 1120 Sw 3rd Ave
  • Address - House Number: 1120
  • Street Direction: SW
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C062
  • 4-Digit Zip Code: 4016
  • Zip Code: 33130

Valuation

    Tax

  • Total Area: 1,265
  • Tax Year: 2023
  • Tax Amount: $38,831
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 4,335,608
  • High Value: 5,123,727
  • Low Value: 3,547,489

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $24,500,000
  • First Open Lien Mortgage Lender: ROK LENDING LLC
  • First Open Lien Mortgage Recording Date: Dec 27, 2023
  • First Open Lien Mortgage Loan Amount: $24,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon

    Market Valuation

  • Market Total Value: $2,214,257
  • Market Land Value: $2,185,000
  • Market Improvement Value: $29,257

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,704,347

    Sales

  • Current Sale Contract Date: Dec 11, 2023
  • Current Sale Recording Date: Dec 27, 2023
  • Current Sale Transaction ID: 11918580499
  • Current Sale Price: $2,833,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 929465
  • Previous Sale Recording Date: May 08, 2020
  • Previous Sale Contract Date: May 06, 2020
  • Previous Sale Amount: $900,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROK LENDING LLC
  • First Mortgage Transaction Date: Dec 27, 2023
  • First Mortgage Loan Amount: $24,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon

    Previous Mortgages

  • Previous Mortgage Lender: MIKE ALVAREZ ETAL
  • Previous Mortgage Transaction Date: May 08, 2020
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Jun 01, 2025

About Downtown Miami




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Frequently Asked Questions

What neighborhood is 1120 Southwest 3rd Avenue located in?
The 1120 Southwest 3rd Avenue is a commercial located in the neighborhood of Downtown Miami in Downtown Miami, Miami.
What is the average sales price for listings in 1120 Southwest 3rd Avenue?
The average sales price for units in 1120 Southwest 3rd Avenue is $1,700,000 currently.

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