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425 Southwest 10th Avenue

425 Southwest 10th Avenue, Miami, FL 33130
Commercial in Riverview
425 Southwest 10th Avenue in Miami, FL was first built in 1930 and is 94 years old. Although, the building on the property was most recently renovated and altered in 1982. 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 3 floors. There are a total of 0 rooms in the home, of which, 58 are bedrooms. In terms of bathrooms, there are a total of 58 full bathrooms. There are 58 partial bathrooms. 425 Southwest 10th Avenue has 29,321 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 15,000 square feet.

Learn more about the property and building on this page. There is a unknown. 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. The property was last sold in Mar 8, 2023 for $8,500,000. That's $289.89 per sqft. Prior to that sales transaction, the property was also sold in Apr 5, 2010 for $2,900,000. 425 Southwest 10th Avenue was last assessed in 2023. The total value of the property was assessed at $2,475,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $79,716. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210629
06/29/2021
Loft
-
-
$8,900,000
bedrooms
Loft
bathrooms
-
-
-
-
Francisco Rodriguez
EDGERTON REALTY & DEVELOPMENT

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 58
  • Bathroom Count: 58
  • Full Bathrooms: 58
  • Partial Bathrooms: 58
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Floor Count: 3
  • Living Units: 58
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Total Building Area: 29,321
  • Gross Building Area: 29,321
  • Building Area: 29,321
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 29,321
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MARLBORO CONS CO RESUB
  • Land Acres: 0.344
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: MARLBORO CONS CO RESUB PB 30-11 LOTS 1 & 2 LOT SIZE 15000 SQ FT OR 11221 1218 0981 1 COC 21369-2190 05 2003 6

Ownership

  • Current Owner : BORINQUEN 10 LLC
  • Previous Owner : 425 JOYA DEW LLC
  • Owner Before Previous Owner: MIAMI MAR 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: 005306

Zoning

  • Zoning: 3900

Geography

  • Assessors Map Reference: 238
  • District: 01
  • Parcel: 01-4102-003-0010
  • Lot: 1,2
  • Meridian: SEC 02 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7691
  • Longitude: -80.2111

    Address

  • Full Address: 425 Sw 10th Ave
  • Address - House Number: 425
  • Street Direction: SW
  • Address - Street Name: 10th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C067
  • 4-Digit Zip Code: 2187
  • Zip Code: 33130

Valuation

    Tax

  • Total Area: 29,321
  • Tax Year: 2023
  • Tax Amount: $79,716
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 4,682,151
  • High Value: 6,578,447
  • Low Value: 2,785,854

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,794,000
  • First Open Lien Mortgage Lender: LUMENT REAL ESTATE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Mar 09, 2023
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $1,794,000
  • First Open Lien Mortgage Term: 111
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2032

    Market Valuation

  • Market Total Value: $6,780,000
  • Market Land Value: $900,000
  • Market Improvement Value: $5,880,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,475,000

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 09, 2023
  • Current Sale Transaction ID: 11904285011
  • Current Sale Price: $8,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 160041
  • Previous Sale Recording Date: Apr 08, 2010
  • Previous Sale Contract Date: Apr 05, 2010
  • Previous Sale Amount: $2,900,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LUMENT REAL ESTATE CAPITAL LLC
  • First Mortgage Transaction Date: Mar 09, 2023
  • First Mortgage Loan Amount: $1,794,000
  • First Mortgage Terms: 111
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Jul 01, 2032

    Financing

  • First Mortgage Financing Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: GREYSTONE SERVICING CORPORATIO
  • Previous Mortgage Transaction Date: Apr 08, 2010
  • Previous Mortgage Loan Amount: $2,175,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: May 01, 2020

About Western Miami



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Frequently Asked Questions

What neighborhood is 425 Southwest 10th Avenue located in?
The 425 Southwest 10th Avenue is a commercial located in the neighborhood of Riverview in Western Miami, Miami.
What is the average sales price for listings in 425 Southwest 10th Avenue?
The average sales price for units in 425 Southwest 10th Avenue is $0 currently.

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