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465 Northeast 56th Street

465 Northeast 56th Street, Miami, FL 33137
House in Bayshore
Sold Apr 05, 2022
$1,512,500
$1,000,000 by City National Bank
Mortgage Due Apr 01, 2052
Sold Nov 16, 2020
$754,000
$592,000 by First American Bank
Mortgage Due Dec 01, 2050
465 Northeast 56th Street has been categorized by the local assessors in Miami, FL as a residential type of property. The building on the property was first built in 1951 and is 73 years old. However, we must point out that the home was most recently renovated and altered in 1991. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 465 Northeast 56th Street has 1,880 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,740 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 121 sqft. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete block control joints. The exterior walls of the building are made of a combination of material. 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, 465 Northeast 56th Street sold most recently in Mar 24, 2022 for a total of $1,512,500. If you work out the math, that's approximately a cost of $567.97 per sqft. Before that, the property was also sold for $754,000 in Nov 9, 2020. 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 $26,724 in taxes each year. 465 Northeast 56th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,237,405. If we break it down further, the land itself was valued at $712,080. Improvements to the property, however, were assessed at a total of $525,325. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Exterior

Brick Exterior
Block Exterior

Driveway

Driveway

Parking

Covered Parking
Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 121
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,740
  • Total Building Area: 2,663
  • Gross Building Area: 2,663
  • Building Area: 1,880
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,880
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAYSHORE UNIT NO 3
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAYSHORE UNIT NO 3 PB 12-50 LOT 13 BLK 23 LOT SIZE IRREGULAR OR 17780-3154 0997 6

Ownership

  • Current Owner : PALOUX CHARLES
  • Current Owner 2: PALOUX NICOLE
  • Previous Owner : MORGENSTERN LEON A
  • Owner Before Previous Owner: LOEN KIRK D DE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002100

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 174
  • District: 01
  • Parcel: 01-3218-037-0460
  • Block: 23
  • Lot: 13
  • Meridian: SEC 18 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8279
  • Longitude: -80.1858

    Address

  • Full Address: 465 Ne 56th St
  • Legal Unit: 3
  • Address - House Number: 465
  • Street Direction: NE
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C065
  • 4-Digit Zip Code: 2620
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 2,288
  • Tax Year: 2023
  • Tax Amount: $26,724
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1828
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,829,430
  • High Value: 2,163,983
  • Low Value: 1,494,877

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Apr 05, 2022
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $1,237,405
  • Market Land Value: $712,080
  • Market Improvement Value: $525,325

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,237,405
  • Assessed Land Value: $712,080
  • Assessed Improvements Value: $525,325

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 24, 2022
  • Current Sale Recording Date: Apr 05, 2022
  • Current Sale Transaction ID: 11885474274
  • Current Sale Price: $1,512,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 278545
  • Previous Sale Recording Date: Nov 16, 2020
  • Previous Sale Contract Date: Nov 09, 2020
  • Previous Sale Amount: $754,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITY NATIONAL BANK
  • First Mortgage Transaction Date: Apr 05, 2022
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRST AMERICAN BANK
  • Previous Mortgage Transaction Date: Nov 16, 2020
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $592,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2050

About Northern Miami



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Frequently Asked Questions

What neighborhood is 465 Northeast 56th Street located in?
The 465 Northeast 56th Street is a house located in the neighborhood of Bayshore in Northern Miami, Miami.
What is the average sales price for listings in 465 Northeast 56th Street?
The average sales price for units in 465 Northeast 56th Street is $775,000 , or $291/sqft. currently.

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