175 Southwest 7th Street

175 Southwest 7th Street in Miami, FL was first built in 2008 and is 16 years old. This has been categorized as a commercial property type. There are a total of 11 floors. 175 Southwest 7th Street has 65,819 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. In total, the area measurement of the land is 8,819 square feet.

Learn more about the property and building on this page. 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, 175 Southwest 7th Street sold most recently in Oct 31, 2023 for a total of $4,350,000. If you work out the math, that's approximately a cost of $66.09 per sqft. Before that, the property was also sold for $840,000 in Apr 7, 2014. 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 $77,717 in taxes each year. 175 Southwest 7th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,741,121. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.