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1425 Northwest 42nd Street

1425 Northwest 42nd Street, Miami, FL 33142
Sold Oct 23, 2020
$245,000
$240,562 by Paramount Residential Mortgage
Mortgage Due Nov 01, 2050
Sold May 01, 2019
$132,800
Local assessors in Miami, FL have categorized 1425 Northwest 42nd Street 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 2020. The property's lot size has been calculated to be 5,000 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 500 ft. 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, 2 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 is one full bathroom. There is also a partial bathroom. 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 1425 Northwest 42nd Street has a total of 832 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. 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. Lots of a combination of material 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, 1425 Northwest 42nd Street sold most recently in Oct 14, 2020 for a total of $245,000. If you work out the math, that's approximately a cost of $220.72 per sqft. Before that, the property was also sold for $132,800 in Apr 25, 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 $5,064 in taxes each year. 1425 Northwest 42nd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $213,397. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,110
  • Gross Building Area: 1,110
  • Building Area: 832
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 832
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTH MIAMI ESTATES
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTH MIAMI ESTATES PB 5-48 LOT 10 BLK 28 LOT SIZE 50.000 X 100 OR 17640-1576 0497 4

Ownership

  • Current Owner : FINCH GARY CORNELL
  • Previous Owner : SOUTH FLORIDA PREMIUM PROPERTIES LLC
  • Owner Before Previous Owner: ESTATE OF EMMA BELL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002300

Zoning

  • Zoning: 5700

Geography

  • Assessors Map Reference: 150
  • District: 01
  • Parcel: 01-3123-037-2330
  • Block: 28
  • Lot: 10
  • Meridian: SEC 23 TWN 53S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.8143
  • Longitude: -80.2205

    Address

  • Full Address: 1425 Nw 42nd St
  • Address - House Number: 1425
  • Street Direction: NW
  • Address - Street Name: 42nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C009
  • 4-Digit Zip Code: 4813
  • Zip Code: 33142

Valuation

    Tax

  • Total Area: 929
  • Tax Year: 2023
  • Tax Amount: $5,064
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 395,309
  • High Value: 469,355
  • Low Value: 321,264

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $302,247
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 23, 2020
  • First Open Lien Mortgage Loan Amount: $240,562
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Sep 12, 2023
  • Second Open Lien Mortgage Loan Amount: $61,685
  • Second Open Lien Mortgage Term: 325
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $257,747
  • Market Land Value: $164,862
  • Market Improvement Value: $92,885

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,397

    Sales

  • Current Sale Contract Date: Oct 14, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Transaction ID: 11796205061
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0610598
  • Previous Sale Recording Date: May 01, 2019
  • Previous Sale Contract Date: Apr 25, 2019
  • Previous Sale Amount: $132,800
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Oct 23, 2020
  • First Mortgage Loan Amount: $240,562
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2050

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Frequently Asked Questions

What neighborhood is 1425 Northwest 42nd Street located in?
The 1425 Northwest 42nd Street is a located in the neighborhood of North Miami Estates in Northern Miami, Miami.
What is the average sales price for listings in 1425 Northwest 42nd Street?
The average sales price for units in 1425 Northwest 42nd Street is $0 currently.

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