by RH Advisors

See Home Value
$1,750,000
House - Off Market

500 NE 51st St

Miami, FL 33137
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1792 Sqft
$10,857
Estimated Monthly
$0
HOA / Fees
3.33%
Cap Rate

About This Property

Discover Miami living in this enchanting 3-bedroom house in the exclusive gated community of Morningside. This residence blends comfort, serenity, and an unbeatable location. Spacious: 1,792 sqft of living space on a 9,856 sqft corner lot behind a lush hedge with a private pool for endless relaxation. Modern Amenities: Separate kitchen, 2-car garage, impact glass, and abundant natural light. Barbecue area and gazebo for alfresco dining, plus a generous front yard for gatherings. Minutes from the Art & Design District, Wynwood, Miami Beach and Downtown. Close to Miami's best schools ensures quality education for your family. 20-minute drive to the airport. Next to Morningside Park for strolls and water-based activities. This is a lifestyle invitation where comfort meets convenience.
Unit Size
1,792Ft²
Days on Market
91 days
Land Size
0.23 acres
Price per sqft
$1,060
Property Type
House
Property Taxes
$1,527
HOA Dues
-
Year Built
1948
Last updated: 4 months ago (Miami MLS #A11465865)

Price History

Date / Event Date Event Price
Jan 16, 2024 Sold $1,750,000
Sold
Nov 28, 2023 In contract -
In contract
Oct 17, 2023 Listed by The Keyes Company $1,900,000
Listed by The Keyes Company
Jul 27, 2023 Sold $1,600,000
Sold
Jul 22, 2023 No longer available -
No longer available
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 3
  • 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: Garage
  • Garage Square Area: 132
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,856
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 913
  • Total Building Area: 2,318
  • Gross Building Area: 2,318
  • Building Area: 1,792
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,792
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK PLAZA
  • Land Acres: 0.226
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PARK PLAZA PB 44-61 LOT 1 BLK 5 LOT SIZE 91.260 X 108 OR 16286-2998 0394 1

Ownership

  • Current Owner : ELIAS JUAN M
  • Current Owner 2: ELIAS STEFANIE
  • Previous Owner : LEMON AVENUE INVESTMENTS LLC
  • Owner Before Previous Owner: EBUC LLC
  • 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: 175
  • District: 01
  • Parcel: 01-3219-004-0740
  • Block: 5
  • Lot: 1
  • Meridian: SEC 19 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8228
  • Longitude: -80.1844

    Address

  • Full Address: 500 Ne 51st St
  • Address - House Number: 500
  • Street Direction: NE
  • Address - Street Name: 51st
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C066
  • 4-Digit Zip Code: 3027
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 2,052
  • Tax Year: 2023
  • Tax Amount: $22,784
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1828
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,862,805
  • High Value: 2,203,461
  • Low Value: 1,522,148

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,300,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Feb 20, 2024
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,300,000
  • 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: Feb 01, 2054

    Market Valuation

  • Market Total Value: $1,323,625
  • Market Land Value: $1,084,551
  • Market Improvement Value: $239,074

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $849,347

    Sales

  • Current Sale Contract Date: Jan 16, 2024
  • Current Sale Recording Date: Feb 20, 2024
  • Current Sale Transaction ID: 11921532290
  • Current Sale Price: $1,750,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 132168
  • Previous Sale Recording Date: Jul 27, 2023
  • Previous Sale Contract Date: Jul 17, 2023
  • Previous Sale Amount: $1,600,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Feb 20, 2024
  • First Mortgage Loan Amount: $1,300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
1,820 ft²
$852/ft²
$1,550,000 Oct 13, 2023
$1,550,000 Jan 17, 2024
$1,264/mo
Condo
3 Beds
4 Baths
1,868 ft²
$870/ft²
$1,625,000 Jan 2, 2023
$1,625,000 Sep 8, 2023
$4,072/mo
Condo
3 Beds
4 Baths
1,698 ft²
$954/ft²
$1,620,000 Aug 4, 2023
$1,620,000 Oct 18, 2023
$3,686/mo
Condo
3 Beds
4 Baths
1,634 ft²
$1,147/ft²
$1,875,000 Sep 29, 2023
$1,875,000 Nov 20, 2023
$3,810/mo
Condo
3 Beds
4 Baths
1,526 ft²
$957/ft²
$1,460,000 Mar 6, 2023
$1,460,000 Sep 3, 2023
$3,470/mo
Other
Loft
-
3,000 ft²
$592/ft²
$1,775,000 Jul 12, 2023
$1,775,000 Oct 10, 2023
$745/mo
House
3 Beds
2 Baths
2,065 ft²
$1,063/ft²
$2,195,000 Dec 12, 2023
-
$1,322/mo
House
3 Beds
2 Baths
1,476 ft²
$1,204/ft²
$1,777,777 Dec 13, 2023
-
$173/mo
House
3 Beds
2 Baths
1,518 ft²
$1,285/ft²
$1,950,000 Jan 18, 2024
-
$1,863/mo
House
3 Beds
3 Baths
2,756 ft²
$671/ft²
$1,849,000 Jan 5, 2024
-
$2,104/mo
Condo
3 Beds
4 Baths
1,634 ft²
$1,328/ft²
$2,169,900 Jun 15, 2022
-
$4,065/mo
Condo
3 Beds
4 Baths
1,634 ft²
$1,218/ft²
$1,990,000 Aug 16, 2023
-
$4,440/mo

About Northern Miami


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Frequently Asked Questions

When was property at 500 Northeast 51st Street built and last sold?
The property at 500 Northeast 51st Street was built in 1948 and last sold on Jan 16, 2024 for $1,750,000.
How much is this home worth?
The estimated value of the home located at 500 Northeast 51st Street is $1,895,011.
What are some comparable homes to 500 Northeast 51st Street?
Homes that are comparable to 500 Northeast 51st Street include a house property at 5050 Northeast 5th Avenue, 231 Northeast 48th Terrace, 655 Northeast 61st Street.

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