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1525 Northwest 3rd Avenue

1525 Northwest 3rd Avenue, Miami, FL 33136
Commercial in Overtown
1 Units For Sale
Unit for sale at 1525 NW 3rd Ave, Miami, FL 33136

$1,500,000

  • Commercial
1525 NW 3rd Ave, Miami, FL 33136 Listing by Alejandro Riocabo

Local assessors in Miami, FL have categorized 1525 Northwest 3rd Avenue as a office type of property. The home was built in 1941 and is 83 years old. The property's lot size has been calculated to be 3,536 square feet. The linear feet between the front and back of the lot was measured at 520 ft and the front of the lot was measured at 680 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1525 Northwest 3rd Avenue has a total of 2,880 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. The building has a sawtooth style roof that was made of asphalt and ply sheets in a built-up roof style. Lots of a combination of material were used in the construction of the exterior walls of the home. The property was last sold in Dec 28, 2011 for $30,000. That's $10.42 per sqft. Prior to that sales transaction, the property was also sold in Nov 21, 2008 for $37,215. 1525 Northwest 3rd Avenue was last assessed in 2023. The total value of the property was assessed at $194,228. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,467. 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.

Building Features

Exterior

Block Exterior

Parking

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

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220214 Unit 1FL
02/14/2022
1FL
Loft
-
-
$2,500
bedrooms
Loft
bathrooms
-
-
-
-
Alejandro Riocabo
Neighbors Realty LLC
20180228
02/28/2018
Loft
-
-
$1,250,000
bedrooms
Loft
bathrooms
-
-
-
-
Alejandro Riocabo
Neighbors Realty LLC

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Roof Shape Type: Sawtooth
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,536
  • Lot Size Depth Feet: 520
  • Lot Size Frontage Feet: 680
  • Total Building Area: 2,880
  • Gross Building Area: 2,880
  • Building Area: 2,880
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,880
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Subdivision: ERICKSONS SUB
  • Land Acres: 0.081
  • Standard Land Use Code: Commercial office (general)
  • State Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: ERICKSONS SUB PB B-88 LOT 7 LESS N37FT BLK 7 LOT SIZE 68.00 X 52 COC 24981-4993 09 2006 4

Ownership

  • Current Owner : RIOCABO FAMILY MANAGEMENT COMPANY LLC
  • Previous Owner : C A P HOLDINGS OF FLORIDA LLC
  • Owner Before Previous Owner: COUNTY OF MIAMI MADE
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 003100

Zoning

  • Zoning: 6101

Geography

  • Assessors Map Reference: 163
  • District: 01
  • Parcel: 01-3136-021-0911
  • Block: 7
  • Lot: 7
  • Meridian: SEC 36 TWN 53S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7899
  • Longitude: -80.1998

    Address

  • Full Address: 1525 Nw 3rd Ave
  • Address - House Number: 1525
  • Street Direction: NW
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C077
  • 4-Digit Zip Code: 1807
  • Zip Code: 33136

Valuation

    Tax

  • Total Area: 2,592
  • Tax Year: 2023
  • Tax Amount: $4,467
  • Tax Rate Code Area: 100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $60,000
  • First Open Lien Mortgage Lender: TDS INVESTMENTS INC
  • First Open Lien Mortgage Recording Date: Apr 25, 2017
  • First Open Lien Mortgage Loan Amount: $60,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $264,971
  • Market Land Value: $159,120
  • Market Improvement Value: $105,851

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $194,228

    Sales

  • Current Sale Contract Date: Dec 28, 2011
  • Current Sale Recording Date: Dec 29, 2011
  • Current Sale Transaction ID: 1150063961
  • Current Sale Price: $30,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2011R0874454
  • Previous Sale Recording Date: Dec 02, 2008
  • Previous Sale Contract Date: Nov 21, 2008
  • Previous Sale Amount: $37,215
  • Previous Sale Document Type: Public Action - Common in Florida (Clerks Tax Deed or Tax Deeds or property sold for taxes.

About Downtown Miami



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Frequently Asked Questions

What neighborhood is 1525 Northwest 3rd Avenue located in?
The 1525 Northwest 3rd Avenue is a commercial located in the neighborhood of Overtown in Downtown Miami, Miami.
How many listings are currently for sale in 1525 Northwest 3rd Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 1525 Northwest 3rd Avenue?
The average sales price for units in 1525 Northwest 3rd Avenue is $1,500,000 currently.

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