See Home Value
$4,774,356*
Land - Off Market

2899 NW 7th Ave

Miami, FL 33127
bedrooms
Studio
bathrooms
0 Bath
$4,275,000 - $5,225,000
Reference Base Price*
0.51%
Since Oct 1, 2023
FL-Miami
Primary Model
Sold Oct 03, 2017
$975,000
$595,000 by Biscayne Bank
Mortgage Due Sep 20, 2027
Sold Jul 13, 2006
$458,500

About This Property

APPROXIMATELY 21.000 CARS DAILY DIRECTLY ON NW 7TH AVENUE CORRIDOR AND APPROXIMATELY 150.000 CARS DAILY AT THAT POINT ON I 95. DEVELOPMENT POTENTIAL FOR THIS SITE IS ROUGHLY 105.000 FT ON EIGHT STORIES " BY RIGHT"/ THIS PROPERTY IS A PRIME REDEVELOPMENT PROJECT IN ONE OF MIAMI'S HOTTEST SUBMARKETS WITHIN MINUTES TO DESIGN DISTRICT , BEACHES, BRICKELL, DOWNTOWN MIAMI AND BLOCKS FROM THE HEALTH DISTRICT .
Unit Size
-
Days on Market
-
Land Size
0.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,660
HOA Dues
-
Year Built
1971

Price History

Date / Event Date Event Price
Sep 27, 2023 No longer available -
No longer available
Aug 26, 2023 Price Decreased $4,750,000
↓ $750K (13.6%)
Price Decreased
Jan 11, 2023 Listed $5,500,000
Listed
Oct 3, 2017 Sold $975,000
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 2
  • Bedroom Count: 0
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,404
  • Total Building Area: 1,194
  • Gross Building Area: 1,194
  • Building Area: 1,194
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,194
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: NORTHERN BLVD
  • Land Acres: 0.354
  • Standard Land Use Code: Restaurant
  • State Land Use Code: Right-of-way (not rail, road, or utility)
  • Legal Description 1: NORTHERN BLVD TR PB 2-29 LOTS 11 & 12 LESS W7.5FT BLK 15 & LESS BEG 45FTS & 40FTE OF NW 29 ST & NW 7 AVE PER FOT MAINT MAP PB 152-9 TH N 87 DEG E 6FT S 02 DEG E 11FT S 87 DEG W 6FT N O2 DEG W 11FT TO POB BLK 15 LOT SIZE 15404 SQ FT M/L

Ownership

  • Current Owner : WYNWOOD ALLAPATTAH JUNCTION LLC
  • Previous Owner : LUDOVICI BUILDING TWO INC
  • Owner Before Previous Owner: FRIH CHKN LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002502

Zoning

  • Zoning: 7700

Geography

  • Assessors Map Reference: 152
  • District: 01
  • Subdivision Tract Number: 2-29
  • Parcel: 01-3125-024-2450
  • Block: 15
  • Lot: 11,12
  • Meridian: SEC 25 TWN 53S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.8033
  • Longitude: -80.207

    Address

  • Full Address: 2899 Nw 7th Ave
  • Address - House Number: 2899
  • Street Direction: NW
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C015
  • 4-Digit Zip Code: 3806
  • Zip Code: 33127

Valuation

    Tax

  • Total Area: 987
  • Tax Year: 2023
  • Tax Amount: $22,699
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $595,000
  • First Open Lien Mortgage Lender: BISCAYNE BANK
  • First Open Lien Mortgage Recording Date: Oct 03, 2017
  • First Open Lien Mortgage Loan Amount: $595,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Sep 20, 2027

    Market Valuation

  • Market Total Value: $1,260,076
  • Market Land Value: $1,232,320
  • Market Improvement Value: $27,756

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,008,801

    Sales

  • Current Sale Contract Date: Sep 06, 2017
  • Current Sale Recording Date: Oct 03, 2017
  • Current Sale Transaction ID: 1736700232
  • Current Sale Price: $975,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017R0554263
  • Previous Sale Recording Date: Jul 13, 2006
  • Previous Sale Contract Date: May 09, 2006
  • Previous Sale Amount: $458,500
  • Previous Sale Document Type: Re-recorded Document

    Last Sale Mortgage

  • First Mortgage Lender: BISCAYNE BANK
  • First Mortgage Transaction Date: Oct 03, 2017
  • First Mortgage Loan Amount: $595,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Sep 20, 2027



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$4,500,000 Dec 13, 2022
-
$1,500/mo
Commercial
Loft
-
-
$5,250,000 Feb 8, 2022
-
$1,875/mo
Commercial
Loft
-
-
$5,000,000 Aug 1, 2022
-
$2,943/mo
Commercial
Loft
-
-
$4,750,000 Jun 6, 2022
-
$897/mo
Commercial
Loft
-
-
$4,500,000 Dec 7, 2022
-
$1,244/mo

About Northern Miami


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Frequently Asked Questions

When was property at 2899 Northwest 7th Avenue built and last sold?
The property at 2899 Northwest 7th Avenue was built in 1971 and last sold on Sep 6, 2017 for $975,000.
How much is this home worth?
The estimated value of the home located at 2899 Northwest 7th Avenue is $5,555,000.
What are some comparable homes to 2899 Northwest 7th Avenue?
Homes that are comparable to 2899 Northwest 7th Avenue include a land property at 3055 Northwest 5th Avenue, a commercial property at 1767 Northwest 3rd Avenue, 1486 Northwest 23rd Street.

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