See Home Value
$526,324*
Land - Off Market

1568 SW 3rd St

Miami, FL 33135
bedrooms
Studio
bathrooms
0 Bath
$473,000 - $577,000
Reference Base Price*
0.25%
Since Nov 1, 2023
FL-Miami
Primary Model
Sold Feb 01, 2024
$460,000
Sold Jul 23, 2021
$200,000

About This Property

Investment opportunity in the heart of Little Havana, Miami. The 5,000 Sq. Ft. Multi-Family land is conveniently located near downtown and provides easy access to the entire city. The neighborhood boasts several A-rated charter schools and is a hub of arts, entertainment, and cultural diversity. The T4-R Zoning designation complements the dynamic submarket undergoing unprecedented economic growth, and the latest Live Local affordable proposals passed by the state offer incentives and subsidies for developers including but not limited to height, density, tax rebates, refunds, grants and more. With housing demand at an all-time high, this investment promises exponential returns.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
Land
Property Taxes
$494
HOA Dues
-
Year Built
1925

Price History

Date / Event Date Event Price
Oct 23, 2023 No longer available -
No longer available
May 17, 2023 Listed $525,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,058
  • Gross Building Area: 1,058
  • Building Area: 1,058
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,058
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAWRENCE ESTATE LAND COS SUB
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAWRENCE ESTATE LAND COS SUB PB 2-46 N100FT LOT 9 BLK 87 LOT SIZE 5000 SQUARE FEET OR 19943-0853 0901 1 COC 24269-3006 12 2005 5

Ownership

  • Current Owner : 1568 MIAMI LLC
  • Previous Owner : EQUITY TRUST CO
  • Owner Before Previous Owner: THE MM COLLECTIVE LLC
  • 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: 005303

Zoning

  • Zoning: 3901

Geography

  • Assessors Map Reference: 238
  • District: 01
  • Parcel: 01-4102-006-3220
  • Block: 87
  • Lot: 9
  • Meridian: SEC 02 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7702
  • Longitude: -80.221

    Address

  • Full Address: 1568 Sw 3rd St
  • Address - House Number: 1568
  • Street Direction: SW
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C004
  • 4-Digit Zip Code: 3603
  • Zip Code: 33135

Valuation

    Tax

  • Total Area: 979
  • Tax Year: 2023
  • Tax Amount: $6,900
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 501,923
  • High Value: 549,071
  • Low Value: 454,774

    Market Valuation

  • Market Total Value: $361,010
  • Market Land Value: $300,000
  • Market Improvement Value: $61,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $295,990

    Sales

  • Current Sale Contract Date: Jan 22, 2024
  • Current Sale Recording Date: Feb 01, 2024
  • Current Sale Transaction ID: 11920558504
  • Current Sale Price: $460,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 86489
  • Previous Sale Recording Date: Jul 23, 2021
  • Previous Sale Contract Date: Jul 14, 2021
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
1,761 ft²
$332/ft²
$585,000 Jul 25, 2023
$585,000 Aug 15, 2023
$431/mo
House
3 Beds
2 Baths
1,579 ft²
$323/ft²
$510,000 Jul 27, 2023
$510,000 Sep 1, 2023
$439/mo
Land
Loft
-
-
$525,000 Aug 20, 2023
-
$390/mo
Land
Loft
-
-
$550,000 Jun 7, 2023
-
$648/mo
Land
Loft
-
-
$468,000 Aug 25, 2023
-
$524/mo
Land
Loft
-
-
$600,000 Feb 15, 2023
-
$602/mo
Land
Loft
-
-
$425,000 May 21, 2023
-
$612/mo
Commercial
Loft
-
2,537 ft²
$197/ft²
$499,000 Jan 27, 2023
-
-
Commercial
Loft
-
-
$560,000 Aug 28, 2023
-
-
Multifamily
Stu
-
1,394 ft²
$373/ft²
$520,000 Jun 27, 2023
-
$476/mo
Multifamily
Stu
-
2,120 ft²
$236/ft²
$500,000 Sep 16, 2023
-
$492/mo
Multifamily
Stu
-
2,122 ft²
$280/ft²
$595,000 May 15, 2023
-
$704/mo

About Western Miami


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Frequently Asked Questions

When was property at 1568 Southwest 3rd Street built and last sold?
The property at 1568 Southwest 3rd Street was built in 1925 and last sold on Jan 22, 2024 for $460,000.
How much is this home worth?
The estimated value of the home located at 1568 Southwest 3rd Street is $530,250.
What are some comparable homes to 1568 Southwest 3rd Street?
Homes that are comparable to 1568 Southwest 3rd Street include a land property at 330 Southwest 10th Avenue, 984 Southwest 10th Street, 1881 Northwest 4th Street.

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