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3541 Southwest 87th Avenue

3541 Southwest 87th Avenue, Miami, FL 33165
Commercial in Coral Way Village
Sold Apr 08, 2020
$900,000
$2,190,000 by U.s. Century Bank
Mortgage
Sold Oct 28, 2013
$207,000
Local assessors in Miami, FL have categorized 3541 Southwest 87th Avenue as a residential type of property. The home was built in 1956 and is 68 years old. It was most recently renovated and altered in 2006. The property's lot size has been calculated to be 10,350 square feet. The linear feet between the front and back of the lot was measured at 1,380 ft and the front of the lot was measured at 750 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3541 Southwest 87th Avenue has a total of 3,280 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 200 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Lots of a combination of material were used in the construction of the exterior walls of the home. 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, 3541 Southwest 87th Avenue sold most recently in Feb 28, 2020 for a total of $900,000. If you work out the math, that's approximately a cost of $454.78 per sqft. Before that, the property was also sold for $207,000 in Oct 25, 2013. 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 $7,403 in taxes each year. 3541 Southwest 87th Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $401,628. If we break it down further, the land itself was valued at $239,085. Improvements to the property, however, were assessed at a total of $162,543. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Carport

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 200
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,350
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,979
  • Gross Building Area: 1,979
  • Building Area: 3,280
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,280
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORAL WAY VILLAGE
  • Land Acres: 0.238
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CORAL WAY VILLAGE PB 47-84 LOT 7 BLK 6 LOT SIZE 75.000 X 138 OR 19861-1254 07/01 4 20779-3768

Ownership

  • Current Owner : BLUE BUSINESS EXCEL LLC
  • Previous Owner : SANCHEZ JULIA
  • Previous Owner 2: ESTATE OF GERARDO GONZALEZ
  • Owner Before Previous Owner: ALEGRE MARLENE
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag Date: Feb 13, 2023

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: UNINCORPORATED
  • Census Tract: 007709

Zoning

  • Zoning: 5700

Geography

  • Assessors Map Reference: 215
  • District: 30
  • Parcel: 30-4015-001-0880
  • Block: 6
  • Lot: 7
  • Meridian: SEC 15 TWN 54S RNG 40E
  • Municipality: UNINCORPORATED COUNTY
  • Latitude: 25.7371
  • Longitude: -80.3355

    Address

  • Full Address: 3541 Sw 87th Ave
  • Address - House Number: 3541
  • Street Direction: SW
  • Address - Street Name: 87th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C026
  • 4-Digit Zip Code: 4305
  • Zip Code: 33165

Valuation

    Tax

  • Total Area: 1,616
  • Tax Year: 2022
  • Tax Amount: $7,403
  • Tax Rate Code Area: 3000

    Appraisal Valuation

  • Standard Deviation: 0.182
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 76
  • Final Value: 630,724
  • High Value: 745,526
  • Low Value: 515,922

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,190,000
  • First Open Lien Mortgage Lender: U.S. CENTURY BANK
  • First Open Lien Mortgage Recording Date: Dec 20, 2023
  • First Open Lien Mortgage Loan Amount: $2,190,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $401,628
  • Market Land Value: $239,085
  • Market Improvement Value: $162,543

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $401,628
  • Assessed Land Value: $239,085
  • Assessed Improvements Value: $162,543

    Sales

  • Current Sale Contract Date: Feb 28, 2020
  • Current Sale Recording Date: Apr 08, 2020
  • Current Sale Transaction ID: 11755312980
  • Current Sale Price: $900,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0214297
  • Previous Sale Recording Date: Oct 28, 2013
  • Previous Sale Contract Date: Oct 25, 2013
  • Previous Sale Amount: $207,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: US CENTURY BANK
  • First Mortgage Transaction Date: Apr 08, 2020
  • First Mortgage Loan Amount: $450,000
  • First Mortgage Terms: 117
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Feb 27, 2030

    Financing

  • First Mortgage Financing Type: Variable

About Westchester



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Frequently Asked Questions

What neighborhood is 3541 Southwest 87th Avenue located in?
The 3541 Southwest 87th Avenue is a commercial located in the neighborhood of Coral Way Village in Westchester, Miami.
What is the average sales price for listings in 3541 Southwest 87th Avenue?
The average sales price for units in 3541 Southwest 87th Avenue is $395,000 , or $211/sqft. currently.

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