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167 Northwest 38th Street

167 Northwest 38th Street, Miami, FL 33127
Commercial in Princess Park
1 Units For Sale
Unit for sale at 167 NW 38th St, Miami, FL 33127

$2,900,000

  • Commercial
167 NW 38th St, Miami, FL 33127 Listing by Maria Mercedes Ortega Restrepo

167 Northwest 38th Street in Miami, FL was first built in 1925 and is 99 years old. Although, the building on the property was most recently renovated and altered in 1944. 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, 8 are bedrooms. In terms of bathrooms, there are a total of 8 full bathrooms. There are 8 partial bathrooms. 167 Northwest 38th Street has 5,928 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. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 5,000 square feet.

Learn more about the property and building on this page. 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. 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, 167 Northwest 38th Street was last sold in Aug 18, 2021 for $2,497,000. According to our calculations, that's $421.22 per sqft. Prior to that sales transaction, the property was sold for $905,000 in May 29, 2019. Current property owners are expected to pay $19,734 in taxes per year. The property on 167 Northwest 38th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $811,153. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!

Building Features

Condition

New Construction

Exterior

Block Exterior
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230118
01/18/2023
Loft
-
-
$3,500,000
bedrooms
Loft
bathrooms
-
-
-
-
Maria Mercedes Ortega Restrepo
Miami Dream Properties Inc.
20211118
11/18/2021
Loft
-
-
$4,500,000
bedrooms
Loft
bathrooms
-
-
-
-
Maria Mercedes Ortega Restrepo
Miami Dream Properties Inc.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1944
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • Living Units: 8
  • 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: 5,928
  • Gross Building Area: 5,928
  • Building Area: 5,928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,928
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PRINCESS PARK
  • Land Acres: 0.115
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: PRINCESS PARK PB 6-87 LOT 16 BLK 5 LOT SIZE 50.000 X 100 OR 20439-1279 05 2002 1 CASE NO 14-20028-TSH OR 31107-2946

Ownership

  • Current Owner : GT CONNECTION LLC
  • Previous Owner : 4444 WEST LLC
  • Owner Before Previous Owner: US CUSTOMS AND BORDER PROTECTION
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002202

Zoning

  • Zoning: 4801

Geography

  • Assessors Map Reference: 151
  • District: 01
  • Parcel: 01-3124-021-0890
  • Block: 5
  • Lot: 16
  • Meridian: SEC 24 TWN 53S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.812
  • Longitude: -80.1989

    Address

  • Full Address: 167 Nw 38th St
  • Address - House Number: 167
  • Street Direction: NW
  • Address - Street Name: 38th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C002
  • 4-Digit Zip Code: 2941
  • Zip Code: 33127

Valuation

    Tax

  • Total Area: 5,317
  • Tax Year: 2023
  • Tax Amount: $19,734
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 1,519,899
  • High Value: 2,186,017
  • Low Value: 853,780

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,722,500
  • First Open Lien Mortgage Lender: RELIABLE HOLDINGS MANAGER
  • First Open Lien Mortgage Recording Date: Nov 07, 2022
  • First Open Lien Mortgage Loan Amount: $1,722,500
  • 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: Nov 01, 2052

    Market Valuation

  • Market Total Value: $1,267,935
  • Market Land Value: $675,000
  • Market Improvement Value: $592,935

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $811,153

    Sales

  • Current Sale Contract Date: Aug 18, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Transaction ID: 11857019927
  • Current Sale Price: $2,497,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0670050
  • Previous Sale Recording Date: Jun 28, 2019
  • Previous Sale Contract Date: May 29, 2019
  • Previous Sale Amount: $905,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: 4444 WEST LLC
  • First Mortgage Transaction Date: Sep 09, 2021
  • First Mortgage Loan Amount: $2,247,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: BET TER HOLDINGS LLC
  • Previous Mortgage Transaction Date: Jun 28, 2019
  • Previous Mortgage Loan Amount: $815,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Northern Miami



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Frequently Asked Questions

What neighborhood is 167 Northwest 38th Street located in?
The 167 Northwest 38th Street is a commercial located in the neighborhood of Princess Park in Northern Miami, Miami.
How many listings are currently for sale in 167 Northwest 38th Street?
There is one unit for sale right now.
What is the average sales price for listings in 167 Northwest 38th Street?
The average sales price for units in 167 Northwest 38th Street is $2,900,000 currently.

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