504 Malaga Avenue

504 Malaga Avenue 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 1946 and is 78 years old. The home has a total of 14 bedrooms. Residents will have access to 14 full bathrooms. There are 14 partial bathrooms in the home. The building has a total of 2 stories. In addition, 504 Malaga Avenue has 9,164 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 2,087 ft. The area measurement of the land has been determined as 20,869 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 roof of the building is made of tile. The exterior walls of the building are made of concrete block. 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, 504 Malaga Avenue sold most recently in Apr 4, 2022 for a total of $3,250,000. If you work out the math, that's approximately a cost of $354.65 per sqft. Before that, the property was also sold for $820,000 in Jun 2, 1993. 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 $58,308 in taxes each year. 504 Malaga Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,131,350. If we break it down further, the land itself was valued at $3,130,350. Improvements to the property, however, were assessed at a total of $1,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.