See Home Value
$990,000 - $1,210,000
Land - Off Market

308 SW 11th Ave

Miami, FL 33130
bedrooms
Studio
bathrooms
0 Bath
Sold Jan 04, 2024
$450,000
Buyer
Seller
Sold Feb 05, 2016
$250,000

About This Property

4x multiplier, 2 double lots of 15,000 Sq. Ft. assemblage in East Little Havana that consists of one vacant lot and adjacent income producing Duplex generating $4,400/month. Second Site is on 745 SW 3 ST. T4-R same zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 12 units however city programs exist with mixed-income that allows for double the density to 24. Phase provider have approved for 24: 2 bedroom 1 bath building, concept w/ 1 parking space per dwelling and flexibility for amenities available. The housing demand is very high driving rents up, take advantage of this inflation proof investment and contact us immediately.
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
Land
Property Taxes
$736
HOA Dues
-
Year Built
1925

Price History

Date / Event Date Event Price
Jan 6, 2024 No longer available -
No longer available
Jan 4, 2024 Sold $450,000
Sold
Aug 29, 2023 Price Decreased $1,100,000
↓ $125K (10.2%)
Price Decreased
Jul 11, 2023 Price Decreased $1,225,000
↓ $50K (3.9%)
Price Decreased
Oct 27, 2022 Listed $1,275,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Composition
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 2
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 2,767
  • Gross Building Area: 2,767
  • Building Area: 1,969
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,969
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: LAWRENCE ESTATE LAND COS SUB
  • Land Acres: 0.172
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: LAWRENCE ESTATE LAND COS SUB S50FT OF N100FT LOTS 1 2 3 BLK 22 PB 2-46 LOT SIZE 7500 SQUARE FEET

Ownership

  • Current Owner : 308SW LLC
  • Previous Owner : 308SW LLC
  • Owner Before Previous Owner: 2055 ALAMANDA RE VENTURE 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: 005305

Zoning

  • Zoning: 3900

Geography

  • Assessors Map Reference: 238
  • District: 01
  • Parcel: 01-4102-005-3920
  • Block: 22
  • Lot: 1
  • Meridian: SEC 02 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7704
  • Longitude: -80.2132

    Address

  • Full Address: 308 Sw 11th Ave
  • Address - House Number: 308
  • Street Direction: SW
  • Address - Street Name: 11th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C065
  • 4-Digit Zip Code: 2047
  • Zip Code: 33130

Valuation

    Tax

  • Total Area: 2,229
  • Tax Year: 2023
  • Tax Amount: $9,504
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.0941
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 91
  • Final Value: 996,600
  • High Value: 1,090,468
  • Low Value: 902,731

    Market Valuation

  • Market Total Value: $450,578
  • Market Land Value: $450,000
  • Market Improvement Value: $578

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $413,146

    Sales

  • Current Sale Contract Date: Dec 07, 2023
  • Current Sale Recording Date: Jan 04, 2024
  • Current Sale Transaction ID: 11919015786
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11256
  • Previous Sale Recording Date: Feb 05, 2016
  • Previous Sale Contract Date: Feb 03, 2016
  • Previous Sale Amount: $250,000
  • 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
Land
Loft
-
-
$1,300,000 Oct 22, 2022
-
$1,594/mo
Land
Loft
-
-
$1,250,000 Jan 18, 2023
-
$773/mo
Land
Loft
-
-
$1,300,000 Dec 2, 2022
-
$576/mo
Land
Loft
-
-
$1,250,000 Jun 14, 2022
-
$667/mo
Land
Loft
-
-
$1,350,000 Feb 25, 2023
-
$730/mo
Land
Loft
-
-
$1,390,000 Aug 19, 2022
-
$439/mo
Land
Loft
-
-
$1,450,000 Feb 3, 2023
-
$619/mo
Land
Loft
-
-
$1,075,000 Jan 21, 2023
-
$475/mo
Commercial
Loft
-
-
$1,300,000 Sep 12, 2022
-
$1,255/mo
Commercial
Loft
-
-
$1,499,999 Nov 17, 2022
-
$784/mo
Commercial
Loft
-
-
$1,050,000 Sep 9, 2022
-
$843/mo
Commercial
Loft
-
-
$1,495,000 Sep 9, 2021
-
$594/mo

About Western Miami


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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath


Frequently Asked Questions

When was property at 308 Southwest 11th Avenue built and last sold?
The property at 308 Southwest 11th Avenue was built in 1925 and last sold on Dec 7, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 308 Southwest 11th Avenue is $1,287,750.
What are some comparable homes to 308 Southwest 11th Avenue?
Homes that are comparable to 308 Southwest 11th Avenue include a land property at 745 Southwest 3rd Street, 1601 Southwest 3rd Street, 1871 Southwest 7th Street.

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