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1251 Northwest 3rd Street

1251 Northwest 3rd Street, Miami, FL 33125
Commercial in East Little Havana
Sold May 09, 2022
$1,295,000
$582,750 by Np Inc
Mortgage Due May 01, 2052
Sold Nov 08, 2018
$810,000
$560,000 by Sixta Chamizo
Mortgage Due Nov 01, 2028
1251 Northwest 3rd Street in Miami, FL was first built in 1996 and is 28 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 12 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 1251 Northwest 3rd Street has 5,856 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,500 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable or hip style roof made of tile. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The exterior walls of the home are made of concrete block. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. 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, 1251 Northwest 3rd Street was last sold in Apr 22, 2022 for $1,295,000. According to our calculations, that's $221.14 per sqft. Prior to that sales transaction, the property was sold for $810,000 in Nov 1, 2018. Current property owners are expected to pay $23,102 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 1251 Northwest 3rd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,123,851. To break that down further, the land itself was valued at $637,500. While improvements to the property were assessed at a total of $486,351. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

Exterior

Block Exterior
Brick Exterior

Parking

Assigned Parking
Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 2
  • Bedroom Count: 12
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 5,856
  • Gross Building Area: 5,856
  • Building Area: 5,856
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 5,856
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAWRENCE ESTATE LAND COS SUB
  • Land Acres: 0.172
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 14 BLK 50 LOT SIZE 7500 SQUARE FEET OR 16499-5076 0994 4

Ownership

  • Current Owner : ISTEL INVESTMENTS LLC
  • Previous Owner : RODOLFO MENENDEZ
  • Owner Before Previous Owner: CHAMIZO SIXTA M
  • 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: 005201

Zoning

  • Zoning: 6107

Geography

  • Assessors Map Reference: 238
  • District: 01
  • Parcel: 01-4102-005-7450
  • Block: 50
  • Lot: 14
  • Meridian: SEC 02 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7767
  • Longitude: -80.2158

    Address

  • Full Address: 1251 Nw 3rd St
  • Address - House Number: 1251
  • Street Direction: NW
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C059
  • 4-Digit Zip Code: 5693
  • Zip Code: 33125

Valuation

    Tax

  • Total Area: 4,635
  • Tax Year: 2023
  • Tax Amount: $23,102
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 1,349,069
  • High Value: 1,940,318
  • Low Value: 757,819

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $582,750
  • First Open Lien Mortgage Lender: NP INC
  • First Open Lien Mortgage Recording Date: May 09, 2022
  • First Open Lien Mortgage Loan Amount: $582,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $1,123,851
  • Market Land Value: $637,500
  • Market Improvement Value: $486,351

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,123,851
  • Assessed Land Value: $637,500
  • Assessed Improvements Value: $486,351

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: May 09, 2022
  • Current Sale Transaction ID: 11888031794
  • Current Sale Price: $1,295,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 377487
  • Previous Sale Recording Date: Nov 08, 2018
  • Previous Sale Contract Date: Nov 01, 2018
  • Previous Sale Amount: $810,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NP INC
  • First Mortgage Transaction Date: May 09, 2022
  • First Mortgage Loan Amount: $582,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: SIXTA CHAMIZO
  • Previous Mortgage Transaction Date: Nov 08, 2018
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $560,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Nov 01, 2028

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Frequently Asked Questions

What neighborhood is 1251 Northwest 3rd Street located in?
The 1251 Northwest 3rd Street is a commercial located in the neighborhood of East Little Havana in Western Miami, Miami.
What is the average sales price for listings in 1251 Northwest 3rd Street?
The average sales price for units in 1251 Northwest 3rd Street is $0 currently.

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