by RH Advisors

See Home Value
$730,000
Land - Off Market

1511 SW 22nd Ter

Miami, FL 33145
bedrooms
Studio
bathrooms
0 Bath
$4,681
Estimated Monthly
$0
HOA / Fees
0.56%
Cap Rate

About This Property

Attention Developers! ( Tear down Condition, Land Value) This Duplex in Shenandoah, Miami, is an excellent opportunity for redevelopment. It is located near Coral Gables, downtown, the airport, and beaches, making it highly sought-after. The lot size of 50 x 117 is zoned for multifamily use, providing ample space for a new construction project. The surrounding area's redevelopment activity adds to the property's appeal. Despite the houses' current state, the potential for new, modern structures is exciting. This property is a prime choice for an intelligent investor or developer who wants to take advantage of the area's growth and revitalization.
Unit Size
-
Days on Market
40 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$998
HOA Dues
-
Year Built
1940
Last updated: 3 months ago (Miami MLS #A11501618)

Price History

Date / Event Date Event Price
Jan 30, 2024 Sold $730,000
Sold
Jan 2, 2024 In contract -
In contract
Dec 21, 2023 Listed by Compass Florida, LLC. $749,999
Listed by Compass Florida, LLC.
Attention Developers! ( Tear Down Condition, Land Value) This Duplex in Shenandoah, Miami, is an excellent opportunity for redevelopment. It is located near Coral Gables, downtown, the airport, and beaches, making it highly sought-after. The lot size of 50 x 117 is zoned for multifamily use, providing ample space for a new construction project. The surrounding area's redevelopment activity adds to the property's appeal. Despite the houses' current state, the potential for new, modern…

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Concrete block
  • Building Style: Duplex
  • Exterior Walls Type: Composition
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 2
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,850
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,630
  • Gross Building Area: 2,630
  • Building Area: 2,554
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,554
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EAST SHENANDOAH
  • Land Acres: 0.134
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: EAST SHENANDOAH PB 14-55 LOT 21 BLK 59 LOT SIZE 50.000 X 117 OR 13445-1367 1087 4

Ownership

  • Current Owner : ADMER CONSTRUCTION GROUP LLC
  • Previous Owner : DIAZ SUSANA ALONSO
  • 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: 006902

Zoning

  • Zoning: 5700

Geography

  • District: 01
  • Parcel: 01-4139-007-2460
  • Block: 59
  • Lot: 21
  • Meridian: SEC 39 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7503
  • Longitude: -80.2195

    Address

  • Full Address: 1511 Sw 22nd Ter
  • Address - House Number: 1511
  • Street Direction: SW
  • Address - Street Name: 22nd
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Miami
  • Carrier Code: C023
  • 4-Digit Zip Code: 3942
  • Zip Code: 33145

Valuation

    Tax

  • Total Area: 2,477
  • Tax Year: 2023
  • Tax Amount: $11,970
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1823
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 934,453
  • High Value: 1,104,863
  • Low Value: 764,043

    Market Valuation

  • Market Total Value: $689,478
  • Market Land Value: $497,250
  • Market Improvement Value: $192,228

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $475,647

    Sales

  • Current Sale Contract Date: Jan 30, 2024
  • Current Sale Recording Date: Feb 06, 2024
  • Current Sale Transaction ID: 11920786825
  • Current Sale Price: $730,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 94889

    Last Sale Mortgage

  • First Mortgage Lender: HILBURN DAVID
  • First Mortgage Transaction Date: Feb 06, 2024
  • First Mortgage Loan Type: Balloon



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$590,000 Dec 18, 2023
$590,000 Feb 14, 2024
$1,019/mo
Other
Loft
-
-
$670,000 Jan 17, 2023
$670,000 Jan 12, 2024
$701/mo
House
5 Beds
3 Baths
2,450 ft²
$298/ft²
$730,000 Dec 21, 2023
$730,000 Jan 30, 2024
$998/mo
House
2 Beds
2 Baths
1,663 ft²
$451/ft²
$750,000 May 25, 2023
$750,000 Sep 1, 2023
$768/mo
House
3 Beds
1 Bath
1,458 ft²
$453/ft²
$660,000 Feb 23, 2023
$660,000 Dec 4, 2023
$155/mo
House
3 Beds
2 Baths
2,054 ft²
$368/ft²
$755,000 Dec 7, 2023
$755,000 Jan 26, 2024
$207/mo
Land
Loft
-
-
$750,000 Jan 17, 2024
-
$758/mo
Other
Loft
-
-
$749,000 Oct 2, 2023
-
$945/mo
Other
Loft
-
-
$725,000 Jan 9, 2024
-
$442/mo
Other
Loft
-
-
$725,000 Jan 9, 2024
-
$443/mo
Other
Loft
-
2,395 ft²
$332/ft²
$795,000 Jul 12, 2023
-
$735/mo
Commercial
Loft
-
-
$875,000 Jun 29, 2023
-
-

About Coral Way


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Frequently Asked Questions

When was property at 1511 Southwest 22nd Terrace built and last sold?
The property at 1511 Southwest 22nd Terrace was built in 1940 and last sold on Jan 30, 2024 for $730,000.
How much is this home worth?
The estimated value of the home located at 1511 Southwest 22nd Terrace is $757,499.
What are some comparable homes to 1511 Southwest 22nd Terrace?
There are currently no comparable homes to 1511 Southwest 22nd Terrace.

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